Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31843. (Read 26394130 times)

Why would they have waited so much weeks?
It might be an explanation but only for a very small part ...

how about going with the simplest and most plausible explanation.

some people have money stuck on gox, have to pay some bills and were not able to get a large wire out, thus they bought btc on gox, sent it to bitstamp and are dumping so they have some cash to pay their bills.  Or to pay a bill/invoice from a merchant that uses bitstamp or one of the party payment providers that use bitstamp

simple enough?

also look at the macd on the 1 and 3 day charts...

how about going with the simplest and most plausible explanation.

some people have money stuck on gox, have to pay some bills and were not able to get a large wire out, thus they bought btc on gox, sent it to bitstamp and are dumping so they have some cash to pay their bills.  Or to pay a bill/invoice from a merchant that uses bitstamp or one of the party payment providers that use bitstamp

Difference between stamp and gox 20$. Something happened?

hmm...



 

1.) Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.

2.) Cup: The cup should be "U" shaped and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.

3.) Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.

4.) Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.

5.) Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.

6.) Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.

7.) Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

2k ask wall at 144.70919

if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week

Oh, I hadn't seen this before. I must be slacking in my wall-watching skills.

This has been happening for a few days.  Gox has appeared to just be ignoring (and inevitably someone eats down the wall).

lol at the Bitstamp wall. Looks like somebody is trying to engineer a nice pullback.

It shows that the market did not crash when mtgox went away. It just continued from the same level as before. It means the following scenario is unlikely.