Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32727.

Dalib

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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.

Spaceman_Spiff

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Quote from: Frozenlock on July 05, 2013, 03:56:02 PM

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.

Coins are coming out of the woodwork.

"Extremely limited supply" they said. Roll Eyes

I would say the supply is pretty well-known, around 11M at the moment

.

N12

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Quote from: Frozenlock on July 05, 2013, 03:56:02 PM

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.

Coins are coming out of the woodwork.

"Extremely limited supply" they said. Roll Eyes

Cash is king. Sell in May and go away. Cheesy

Frozenlock

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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.

Coins are coming out of the woodwork.

"Extremely limited supply" they said. Roll Eyes

Sitarow

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N12

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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.

byronbb

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Quote from: Ultraviolet on July 05, 2013, 03:34:03 PM

The whole point of this downtrend is to break support at 50 and have the market be depressed so thousands and thousands and thousands of coins can be bought to pay off on the mega as $100+ is approached again. None of the big players, especially large miners, benefit from a long-term sub-$100 price, so the market will always be pushed back up.

Would not be one bit surprised to see $35 though.

Ya. See If you bought a 20k miner with coins at $100 do you not rebuy those same coins at $50?

Its About Sharing

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Antifragile

Quote from: Rampion on July 05, 2013, 01:59:27 PM

Quote from: TheKoziTwo on July 05, 2013, 01:57:04 PM

I've placed my bid at $56. Too soon?

Don't think its soon, I placed around that, just to play the bounce. But I'm very doubtful its going to be the bottom. Probably we will bounce a few times from the 50s, and despair and capitulation will take more time to come. We went from $105ish to $66 very very quickly. I guess there will be a "wait and see" period sooner or later.

Good call and I agree. What do you think about moving the bottom down a lot from 50?
As I said above, the volume isn't there yet and we are still in the 60's. This move down may be much more violent than I thought.

N12

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Quote from: Ultraviolet on July 05, 2013, 03:34:03 PM

The whole point of this downtrend is to break support at 50 and have the market be depressed so thousands and thousands and thousands of coins can be bought to pay off on the mega as $100+ is approached again. None of the big players, especially large miners, benefit from a long-term sub-$100 price, so the market will always be pushed back up.

Somebody please find and post my sierrachart.com/smartmoneybuyingagainsttrend.png chart. Cheesy

Its About Sharing

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Antifragile

Quote from: Voodah on July 05, 2013, 01:56:51 PM

Quote from: Its About Sharing on July 05, 2013, 06:47:44 AM

I think the down move is excellerating. I was looking at the long red candles and they are getting larger in size on this down move. The volume is still not huge so it looks like we are building towards a very hard move down. Now, I might play the bottom of that one if there is volume, huge volume.

Notice what I'm saying and the last red large hammer candle...
It is called... THE QUICKENING! Grin

Spot on here again IAS. Your "QUICKENING" is even more formed now. Good job.

Thankyou Voodah, I think it was pretty obvious if one gazed at the chart. Do you know what I mean?
The way the curve was increasing was like a reverse exponential curve (complete with growing volume. )

You see, the people who are big holders know we are going down faster and faster. The acceleration (spelled it right that time) is almost a mathematical function
visible in the chart (sort of ironic when talking about BTC, no?)

In light of our price, relative to the volume (still not high), things are actually looking worse. I thought about this tonight as I was coming home tonight.
We are not seeing huge volume on this down move. I am just guessing (feeling, intuition and just a fraction from the chart), that 50 IS NOT the bottom.

What do you TA guys think?

IAS

ps - Not to freak you out and I'm not joking, as I sat down to my computer (before refreshing) I said "67" and it was 67. When I left earlier today it was in the low 70's and holding.
Hmmmmm...

Abandon

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Quote from: hlynur on July 05, 2013, 03:31:51 PM

Quote from: bitcodo on July 05, 2013, 03:09:24 PM

We touched 70 twice. Where do we go now? Attack 63?

yesterday price was pushed up from 73 to 83 in 5 hours.
perhaps that happens once again.
let's see what the whales have on their mind...
(http://www.youtube.com/watch?v=4LLbQ7WDh8c)

It will eventually bounce, but knowing when is a bit more tricky. I think we still have a ways to fall before another bounce.

Rampion

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Quote from: Kazu on July 05, 2013, 03:13:14 PM

Quickly wiring in some money so I can buy at the bottom.

Still way to go before the very bottom. Summer is still at the beginning. There will be bounces, traps can be long, on low volume... Until another dump cycle begins.

Ultraviolet

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The whole point of this downtrend is to break support at 50 and have the market be depressed so thousands and thousands and thousands of coins can be bought to pay off on the mega as $100+ is approached again. None of the big players, especially large miners, benefit from a long-term sub-$100 price, so the market will always be pushed back up.

Would not be one bit surprised to see $35 though.

N12

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Quote from: TheKoziTwo on July 05, 2013, 01:52:44 PM

Frozenlock/Blitz/Rampion right now (seen from ShroomsKits perspective) :

Sorry for neglecting you guys, though as you can all see, this bubble is deflating with or without my postings.

In about 24 hours I'll have the time again to enjoy the pain of bubble delusional bulls (or what remains of them). You know, the people who laughed at me, got angry at me or expressed their complete denial back when I said there would be no more triple digits for 2013. Cheesy

hlynur

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Quote from: bitcodo on July 05, 2013, 03:09:24 PM

We touched 70 twice. Where do we go now? Attack 63?

yesterday price was pushed up from 73 to 83 in 5 hours.
perhaps that happens once again.
let's see what the whales have on their mind...
(http://www.youtube.com/watch?v=4LLbQ7WDh8c)

nmersulypnem

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"The Bots. They've stopped."

"Activate rear short positions. Watch for enemy Whales."

Kazu

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Quickly wiring in some money so I can buy at the bottom.

bitcodo

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Can't upload avatar

We touched 70 twice. Where do we go now? Attack 63?

w00dy

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Quote from: octaft on July 05, 2013, 03:00:10 PM

Is it safe to say we are officially entering the panic phase now?

just a little Grin

Voodah

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Can we please tone it down with the animated gifs and full size images?

This is starting to look like reddit.

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