Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32387. (Read 26712382 times)
October 26, 2013, 07:01:53 PM
October 26, 2013, 06:37:07 PM
Looks like someone is needing to capitulate some serious coin but there was no support to do it at higher levels. (the entire rally was actually contingent on nobody selling). So we have entered a multi-phase "btc-rocket" as I would lovingly call it because it increases my btc. 
Phase 1: Flashcrash.
Phase 2: Slow and steady dump on low volume.
Phase 3: Slow and steady dump on real volume. You see 5K dumps now.
Possibly a phase 4 of final capitulation at high volume.
It ends when you seea high volume day of consisteny huge blocks/walls/buys of support at one level. It's not just going to creep up into a reversal on low volume like we are all hoping last night. (I must admit it was a moment of truth even for me, with both my buy and sell buttons engaged).
Phase 2: Slow and steady dump on low volume.
Phase 3: Slow and steady dump on real volume. You see 5K dumps now.
Possibly a phase 4 of final capitulation at high volume.
It ends when you seea high volume day of consisteny huge blocks/walls/buys of support at one level. It's not just going to creep up into a reversal on low volume like we are all hoping last night. (I must admit it was a moment of truth even for me, with both my buy and sell buttons engaged).
October 26, 2013, 06:17:44 PM
that isnt the consensus
Well consensus is an interesting "statistic", isn't it. I can't prove it or show you a survey, but it's what most people seem to be stating on the Speculation sub-forum from what I've seen (and r/bitcoin). More and more people are taking long positions on Bitfinex as well (just looking at the Loan page). It's a clear biases, on a Bitcoin forum... sure.
October 26, 2013, 06:02:02 PM
October 26, 2013, 06:01:39 PM
if we don't see some buying soon, we will crash; target 168
right now another 10000 coins would have to be dumped (the same amount that was dumped when we were at 230) before we even hit 175. Do you really think another monster dump could come now? obviously its possible, but i feel its not that likely...
Everything is possible, right? You wouldn't dump 10k coins, which would maybe be at an average sale price of, say, $180, unless you thought it would crash further and were pretty confident of it. You'd either be hoping you could purchase those 10k coins back at a lower price afterwards, than $180 (good luck with that), or you seriously think it's unlikely the price of bitcoin will pass $180 (as for dumping 10k bitcoins) over the next few years.
Given a possible cup and handle forming, and the general consensus that, pending no really bad news, this appears to be a consolidation before pumping north, it would seem extremely dumb... but who knows. Always possible, not probable. Maybe an epic fail mis-click?
I'd be afraid to even short right now, because if feels like, at any second, a few nice buy orders stringed together could set off a rampage north. But that's just me (and really not based on much).
October 26, 2013, 05:39:24 PM
if we don't see some buying soon, we will crash; target 168
right now another 10000 coins would have to be dumped (the same amount that was dumped when we were at 230) before we even hit 175. Do you really think another monster dump could come now? obviously its possible, but i feel its not that likely...
Everything is possible, right? You wouldn't dump 10k coins, which would maybe be at an average sale price of, say, $180, unless you thought it would crash further and were pretty confident of it. You'd either be hoping you could purchase those 10k coins back at a lower price afterwards, than $180 (good luck with that), or you seriously think it's unlikely the price of bitcoin will pass $180 (as for dumping 10k bitcoins) over the next few years.
Given a possible cup and handle forming, and the general consensus that, pending no really bad news, this appears to be a consolidation before pumping north, it would seem extremely dumb... but who knows. Always possible, not probable. Maybe an epic fail mis-click?
I'd be afraid to even short right now, because if feels like, at any second, a few nice buy orders stringed together could set off a rampage north. But that's just me (and really not based on much).
October 26, 2013, 05:36:25 PM
if we don't see some buying soon, we will crash; target 168
right now another 10000 coins would have to be dumped (the same amount that was dumped when we were at 230) before we even hit 175. Do you really think another monster dump could come now? obviously its possible, but i feel its not that likely...
October 26, 2013, 05:11:39 PM
anyone selling bitcoin right now, do not have a clue what's coming, they just watch charts and draw lines...
take advantage of these fools.
take advantage of these fools.
Selling bitcoins now?
I'm frantically waiting for a cheque to clear and get deposited into my Virtex account before the price skyrockets again.
Please, just a few more days at 190, or even lower if possible.
Moar coins please.
October 26, 2013, 05:04:24 PM
October 26, 2013, 05:01:55 PM
October 26, 2013, 04:15:41 PM
People seem to forget that the last time we were at 187 people were talking bubble. At worst we'll hit 150 for a while. I doubt it and think we'll hit 200 shortly then 250 then we'll all have a big panic and go back to 207 or something.
October 26, 2013, 04:14:22 PM
anyone selling bitcoin right now, do not have a clue what's coming, they just watch charts and draw lines...
take advantage of these fools.
take advantage of these fools.
October 26, 2013, 04:11:17 PM
Just normal capitulation continuing, me thinks. Low volume. Might slip to like $180.
Maybe Monday the rocket will light.
Maybe Monday the rocket will light.
October 26, 2013, 04:02:28 PM
if we don't see some buying soon, we will crash; target 168
no one wants buttcoins
October 26, 2013, 04:02:04 PM
October 26, 2013, 03:53:12 PM
if we don't see some buying soon, we will crash; target 168
no one wants buttcoins
October 26, 2013, 03:51:55 PM
if we don't see some buying soon, we will crash; target 168 $16.80
no
October 26, 2013, 03:49:44 PM
if we don't see some buying soon, we will crash; target 168
168?
Oh no. Bitter capitulation all the way down to 168.
October 26, 2013, 03:49:01 PM
if we don't see some buying soon, we will crash; target 168 $16.80
October 26, 2013, 03:45:28 PM
if we don't see some buying soon, we will crash; target 168
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