Be quick
We're do you get this fantasy from? lol
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32619. (Read 26470603 times)
July 14, 2013, 04:17:47 PM
July 14, 2013, 04:14:41 PM
Be quick
July 14, 2013, 04:01:51 PM
July 14, 2013, 03:34:17 PM
I expect a slow gradual decline, then a waterfall. Then again, if the market somehow manages to break 100 again, we can expect a bubble.
July 14, 2013, 03:30:23 PM
I like my support/resistance lines on the body of the candles, not wicks. We are sitting below 2 resistance lines if that is the case. Interesting to think we might have broken out of a descending triangle, but down and now come back up to meet it. Updated - And look at the negative volume divergences (2) with an up price. That had been a good reversal indicator, but not lately. Also, topping out on RSI.
That's an interesting chart. $100 is definitely a key battle ground and it has psychological meaning.
The last bear run broke $100 after the first two tests (May and June) held. Previous support levels often become new levels of resistance.
Compound with the highs getting gradually lower (about 155, 135, 115), with this final high barely breaking $100 and it paints an interesting picture.
Unless something big happens in the coming week to vault us cleanly over $100, I suspect breaching $100 again for any extended period will be unlikely for quite some time.
I like that stochastic.
July 14, 2013, 03:25:20 PM
I like my support/resistance lines on the body of the candles, not wicks. We are sitting below 2 resistance lines if that is the case. Interesting to think we might have broken out of a descending triangle, but down and now come back up to meet it. Updated - And look at the negative volume divergences (2) with an up price. That had been a good reversal indicator, but not lately. Also, topping out on RSI.
That's an interesting chart. $100 is definitely a key battle ground and it has psychological meaning.
The last bear run broke $100 after the first two tests (May and June) held. Previous support levels often become new levels of resistance.
Compound with the highs getting gradually lower (about 155, 135, 115), with this final high barely breaking $100 and it paints an interesting picture.
Unless something big happens in the coming week to vault us cleanly over $100, I suspect breaching $100 again for any extended period will be unlikely for quite some time.
Yeah, $100 is a really key level and as you said, for more than one reason. We have had lower highs and lower lows since April/May and if we reverse this up movement below 110, then we will again have a lower high, and what about that lower low following?
People that were waiting below (me included) were a bit taken back by the Huge buyer that stopped the fall and basically walked BTC up to where it is now (at least in large part). But, as many TA guys will say, "market manipulation" only delays the inevitable (unless of course some huge great news comes...
July 14, 2013, 03:20:08 PM
I like my support/resistance lines on the body of the candles, not wicks. We are sitting below 2 resistance lines if that is the case. Interesting to think we might have broken out of a descending triangle, but down and now come back up to meet it. Updated - And look at the negative volume divergences (2) with an up price. That had been a good reversal indicator, but not lately. Also, topping out on RSI.
That's an interesting chart. $100 is definitely a key battle ground and it has psychological meaning.
The last bear run broke $100 after the first two tests (May and June) held. Previous support levels often become new levels of resistance.
Compound with the highs getting gradually lower (about 155, 135, 115), with this final high barely breaking $100 and it paints an interesting picture.
Unless something big happens in the coming week to vault us cleanly over $100, I suspect breaching $100 again for any extended period will be unlikely for quite some time.
July 14, 2013, 03:01:57 PM
July 14, 2013, 02:04:10 PM
The that bid wall at 94 is going to get nibbled very soon it seems.
similar to Bitstamp 92.3 ...
July 14, 2013, 02:01:53 PM
July 14, 2013, 01:58:39 PM
The that bid wall at 94 is going to get nibbled very soon it seems.
July 14, 2013, 01:29:10 PM
I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'. I have come up with bubkis as it seems so arbitrary. I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF
There's nothing to figure out. When the price stabilized around 76 and nobody would eat the wall at 80 someone realized they could pick up 15,000B for like 1.1-1.2 mega USD buying from $76-82, with a high probability of pushing the market to at least $100 on the momentum. What gave assurance there would be momentum there? Bids were stacked _deep_ in the 60s and 50s since everyone was waiting for "the bottom".
It was a good time to pick up a ton of coins and produce a trend reversal as a result. So many people were waiting on the sidelines for "confirmation" before buying anyway.
Technical indicators don't mean anything when _one_ person with 7 figures in fiat on Gox can move the market to that extent.
Disagree! Plenty of us bought in below the walls as it looked like the bear market was running out of steam. The market had plunged irrationally and was being held down by manipulators. It was not time to sell in anticipation of $50s... It was time to buy back.
Pretty much all of your assertions could be mirrored and used to cast doubt on the dumps that led to $60s
There's still chance to get back in. After we hit $115 things will accelerate.
Another small point outside of technical analysis. Coinbase started accepting "instant" buying of bitcoin for level 2 verified users. This may have had an effect on price with excited users temporarily buying more coin available now instead of with a 4 day wait.
July 14, 2013, 01:01:56 PM
July 14, 2013, 01:01:40 PM
I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'. I have come up with bubkis as it seems so arbitrary. I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF
There's nothing to figure out. When the price stabilized around 76 and nobody would eat the wall at 80 someone realized they could pick up 15,000B for like 1.1-1.2 mega USD buying from $76-82, with a high probability of pushing the market to at least $100 on the momentum. What gave assurance there would be momentum there? Bids were stacked _deep_ in the 60s and 50s since everyone was waiting for "the bottom".
It was a good time to pick up a ton of coins and produce a trend reversal as a result. So many people were waiting on the sidelines for "confirmation" before buying anyway.
Technical indicators don't mean anything when _one_ person with 7 figures in fiat on Gox can move the market to that extent.
Disagree! Plenty of us bought in below the walls as it looked like the bear market was running out of steam. The market had plunged irrationally and was being held down by manipulators. It was not time to sell in anticipation of $50s... It was time to buy back.
Pretty much all of your assertions could be mirrored and used to cast doubt on the dumps that led to $60s
There's still chance to get back in. After we hit $115 things will accelerate.
July 14, 2013, 12:52:05 PM
I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'. I have come up with bubkis as it seems so arbitrary. I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF
There's nothing to figure out. When the price stabilized around 76 and nobody would eat the wall at 80 someone realized they could pick up 15,000B for like 1.1-1.2 mega USD buying from $76-82, with a high probability of pushing the market to at least $100 on the momentum. What gave assurance there would be momentum there? Bids were stacked _deep_ in the 60s and 50s since everyone was waiting for "the bottom". Since they want to buy cheap coins, where does all that money go if the price starts to take off again? After all, $70-80-90 were _extremely_ profitable entry points when we spent several weeks between $100-134.
It was a good time to pick up a ton of coins and produce a trend reversal as a result. So many people were waiting on the sidelines for "confirmation" before buying anyway.
Technical indicators don't mean anything when _one_ person with 7 figures in fiat on Gox can move the market to that extent, although I certainly expect they did use TA to time their decision.
July 14, 2013, 12:01:59 PM
July 14, 2013, 11:57:42 AM
I sense the up your ass formation using the outta my ass TA method
July 14, 2013, 11:29:37 AM
Perhaps he needs a break and more excitement before the next performance. 
Yes. Good idea. I need a break
See you.
July 14, 2013, 11:25:47 AM
Some kind of triangle happening MAYBE.
I seriously doubt it would break 100 again just to fall down again.
If (this is conditional) Mrs Market does as per my picture, then experienced traders already know how many orgasms Mrs Market will experience during this bullish wave (where to put their TPs).
I think that Bitcoin isn't lady mature multiple orgasm, but the man who showed a great performance after the excitement last week.
But now he is somehow drained and wilted.
Perhaps he needs a break and more excitement before the next performance.
July 14, 2013, 11:21:32 AM
I noticed they are doing exactly the opposite people here think. Nobody was expecting that rise in the price last week. Now everybody expecting a dump but it wont happen. When you start to feel comfortably and buy back at $140 then they will dump.
No offence, but ...
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