Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32726.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: crazy_rabbit on July 05, 2013, 04:51:15 PM

Quote from: gizmoh on July 05, 2013, 04:47:33 PM

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell Roll Eyes

crazy_rabbit

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Activity: 1204

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: gizmoh on July 05, 2013, 04:47:33 PM

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

those "suckers" are the ones with guts. You can't win every round, but hey- like you said, you don't have the guts to expose your fiat, thus you also can't really ever 'win'. :-)

gizmoh

legendary

Activity: 1428

Merit: 1000

Bought at 65.5 sold at 69.99.. Suckers are making this easy..
wished i had guts to expose more of my dear fiat.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: Miz4r on July 05, 2013, 04:39:47 PM

Quote from: Miz4r on July 05, 2013, 08:53:00 AM

I think we may hit $65 today, and then a bounce up into the 70s again.

Finally I made a decent prediction in here. Anyone wants to make a guess how high this bounce will go?

It looks this one is done already at under $72

The bounces are very small lately which is kind of surprising.

Sitarow

legendary

Activity: 1792

Merit: 1047

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: samson on July 05, 2013, 04:37:52 PM

Woo hooo $70 !!!

Very low support above 66, I'm waiting for lower prices with lots of patience.

it's tempting to buy though.. but this feels like panic buying..
also support is indeed not strong.. most of it is bots .

well i had some fun buying a a little bit at 66 and selling it at 69

it's time for weekend.. putting next bids in 50's

(you never know )

N12

donator

Activity: 1610

Merit: 1010

Quote from: Its About Sharing on July 05, 2013, 04:17:47 PM

Quote from: ElectricMucus on July 05, 2013, 04:10:11 PM

Quote from: Its About Sharing on July 05, 2013, 04:01:38 PM

I'm thinking out loud so please don't take this as advice. Rather looking for comments.

You'll get my usual response for this kind of TA:

Candlestick bodies aren't suitable to derive support/resistance or derive trendlines from since they can be viewed as arbitrary in a continuously traded market like Bitcoin.
The bodies only have meaning in relationship to directly adjacent ones in the form of candlestick patterns.

What you can do instead is to find the largest volume around the target and use the that.

Thanks for the comment. Gives me something to really think about. I notice I follow volume allot with candlesticks, so perhaps you are on to something.

Which types of TA do you find the most accurate?

IAS

Any chart will work as long as you use it consistently. You can also plot price vs. volume.

Rampion

legendary

Activity: 1148

Merit: 1018

Bought with very little of my stash (5%) at $68ish just to play lucif's game, for pure fun

Let's see how this plays out Wink

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Miz4r on July 05, 2013, 08:53:00 AM

I think we may hit $65 today, and then a bounce up into the 70s again.

Finally I made a decent prediction in here. Anyone wants to make a guess how high this bounce will go?

wonkytonky

sr. member

Activity: 411

Merit: 250

i finaly understand what the 500.0000 bot is for

that comes and goes away..

tricking bots to put higher bid offers..

so guess what's going to happen next

samson

legendary

Activity: 2097

Merit: 1070

Woo hooo $70 !!!

Very low support above 66, I'm waiting for lower prices with lots of patience.

Sitarow

legendary

Activity: 1792

Merit: 1047

Voodah

sr. member

Activity: 266

Merit: 250

You guys seen this already?

http://www.ted.com/talks/didier_sornette_how_we_can_predict_the_next_financial_crisis.html

Can the chart he uses for his theory be generated by any tool out there?

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ElectricMucus on July 05, 2013, 04:10:11 PM

Quote from: Its About Sharing on July 05, 2013, 04:01:38 PM

I'm thinking out loud so please don't take this as advice. Rather looking for comments.

You'll get my usual response for this kind of TA:

Candlestick bodies aren't suitable to derive support/resistance or derive trendlines from since they can be viewed as arbitrary in a continuously traded market like Bitcoin.
The bodies only have meaning in relationship to directly adjacent ones in the form of candlestick patterns.

What you can do instead is to find the largest volume around the target and use the that.

Thanks for the comment. Gives me something to really think about. I notice I follow volume allot with candlesticks, so perhaps you are on to something.

Which types of TA do you find the most accurate?

IAS

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Quote from: Its About Sharing on July 05, 2013, 04:05:12 PM

Quote from: Dalib on July 05, 2013, 04:00:38 PM

Quote from: Its About Sharing on July 05, 2013, 03:38:41 PM

I think the down move is excellerating....
It is called... THE QUICKENING! Grin

I also definitely agree that the fall is still faster....

We fell below the red line, then we fell between blue and now it's even faster (orange ellipse)

About the bottom. I think that the bottom will look long (weeks or months). I think that the bottom will look long (weeks or months).

But I hope that around 55 to 30, will either bounce (as the 9th June and May 3), or fall slower.

About 50 area support is heavy, a lot of people waiting for this price and I think it will be a long-term profitable price. The bottom but may be below $ 50.

I am thinking that 50 is not going to hold as a bottom (but might be a bounce point. It is just too psychological of a number). We have to see how the volume plays out though. That is probably key imo.

I hope so. It could be something like $ 6 7 USD in Aug 2011 at least.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Its About Sharing on July 05, 2013, 04:01:38 PM

I'm thinking out loud so please don't take this as advice. Rather looking for comments.

You'll get my usual response for this kind of TA:

Candlestick bodies aren't suitable to derive support/resistance or derive trendlines from since they can be viewed as arbitrary in a continuously traded market like Bitcoin.
The bodies only have meaning in relationship to directly adjacent ones in the form of candlestick patterns.

What you can do instead is to find the largest volume around the target and use the that.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: N12 on July 05, 2013, 03:53:35 PM

27k BTC over at bitstamp, higher than the 21k I've seen the highest so far.

What's most fundamentally significant is of course that as I and many other non-tinfoils suspected, MtGox is just fine and withdrawals are re-enabled, meaning that The Great Dollar Extraction can freely play out now.

You think this is panic? We've seen nothing yet.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Dalib on July 05, 2013, 04:00:38 PM

Quote from: Its About Sharing on July 05, 2013, 03:38:41 PM

I think the down move is excellerating....
It is called... THE QUICKENING! Grin

I also definitely agree that the fall is still faster....

We fell below the red line, then we fell between blue and now it's even faster (orange ellipse)

About the bottom. I think that the bottom will look long (weeks or months). I think that the bottom will look long (weeks or months).

But I hope that around 55 to 30, will either bounce (as the 9th June and May 3), or fall slower.

About 50 area support is heavy, a lot of people waiting for this price and I think it will be a long-term profitable price. The bottom but may be below $ 50.

I am thinking that 50 is not going to hold as a bottom (but might be a bounce point. It is just too psychological of a number). We have to see how the volume plays out though. That is probably key imo.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Notice the below chart. We are pretty much sitting on "support" from April 16 and 17th. HUGE volume days.
I do give where we are a lot of consideration. But I would prefer to buy at ~~6 - 8~~ (edit - after looking at the chart I'd say around 17) dollars below where we are at (or more) ($50 is) and thinking we bounce up to form a hammer.

I'm thinking out loud so please don't take this as advice. Rather looking for comments.

I think it is too chancy to buy at the bottom of a red candle with essentially no wick (and on a Friday - weekends can be bad).

ChartBuddy

legendary

Activity: 2324

Merit: 1801

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32726. (Read 26469430 times)