Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32804. (Read 26623226 times)
August 01, 2013, 02:45:44 PM
I'll just leave this here:
August 01, 2013, 02:19:29 PM
Its got to, everything says overbought. IDK about below $100, there is a big wall forming.
$101 seemed like a safe bet but its all stalled at like $105-104.
$101 seemed like a safe bet but its all stalled at like $105-104.
I think not!
+1
August 01, 2013, 02:17:27 PM
Why wont the price go to $101.
because over ten thousand coins would need to be sold in order to reach 101
Except that's not actually the case since a lot of bids would get pulled.
It should be possibly to calculate the ratio of predicted coins to actual coins to give a more accurate view of market depth. Has anyone done this?
maybe if someone dumps 10k at once... but more than likely more then 10k coins will be traded above 101 over the next 24 hours, and depth will be more like 15K BTC to 101, after this 24hour period
August 01, 2013, 02:11:54 PM
Why wont the price go to $101.
because over ten thousand coins would need to be sold in order to reach 101
Except that's not actually the case since a lot of bids would get pulled.
It should be possibly to calculate the ratio of predicted coins to actual coins to give a more accurate view of market depth. Has anyone done this?
August 01, 2013, 02:08:09 PM
August 01, 2013, 02:05:58 PM
Wow weekly
August 01, 2013, 02:03:11 PM
Its got to, everything says overbought. IDK about below $100, there is a big wall forming.
$101 seemed like a safe bet but its all stalled at like $105-104.
$101 seemed like a safe bet but its all stalled at like $105-104.
I think not!
August 01, 2013, 02:01:14 PM
August 01, 2013, 02:01:03 PM
It will, very soon. Unfortunately it may drop below 100, which would be a real mess.
I hate the psychological barriers in trading. 99, 100 and 101 are only 2 apart but very different from 102, 103, and 104.
August 01, 2013, 01:59:42 PM
@prof7bit
I guess you're asking Traktion, since he suggested the pattern, but even though I didn't agree with him, your "find in less than 2 minutes" criterion is a bit unfair. Depending on how well trained you are, it could take you 30 seconds or 20 minutes to find a pattern, irrespective of whether it is really there or not.
When Traktion first posted, he also had a 15 min view. I'm not experienced in determining candlestick patterns, but I *could* see how (on the 15 min view) a left shoulder and a head had materialized, and a right shoulder was possibly forming.
I mainly disagreed because of the volume acting atypical.
I guess you're asking Traktion, since he suggested the pattern, but even though I didn't agree with him, your "find in less than 2 minutes" criterion is a bit unfair. Depending on how well trained you are, it could take you 30 seconds or 20 minutes to find a pattern, irrespective of whether it is really there or not.
When Traktion first posted, he also had a 15 min view. I'm not experienced in determining candlestick patterns, but I *could* see how (on the 15 min view) a left shoulder and a head had materialized, and a right shoulder was possibly forming.
I mainly disagreed because of the volume acting atypical.
Sure, the volume was a bit dodgy (especially on Bitstamp), but I thought it was worth a punt. The head and the right shoulder panned out as expected, but there wasn't the full reversal back to the neck line. It was still worth trading (for me anyway).
EDIT: Although we are heading towards the neckline now on Bitstamp... the pattern is rough though, granted.
August 01, 2013, 01:59:11 PM
Its got to, everything says overbought. IDK about below $100, there is a big wall forming.
$101 seemed like a safe bet but its all stalled at like $105-104.
$101 seemed like a safe bet but its all stalled at like $105-104.
August 01, 2013, 01:58:01 PM
Why wont the price go to $101.
because over ten thousand coins would need to be sold in order to reach 101
August 01, 2013, 01:57:17 PM
It will, very soon. Unfortunately it may drop below 100, which would be a real mess.
PS. I spotted a sudden drop of 3k BTC in sell orders. I'm not yet sure what it means.
PS2. And surge back again, more than 4k. People are repositioning their orders.
PS. I spotted a sudden drop of 3k BTC in sell orders. I'm not yet sure what it means.
PS2. And surge back again, more than 4k. People are repositioning their orders.
August 01, 2013, 01:52:32 PM
Why wont the price go to $101.
August 01, 2013, 01:52:10 PM
after some chart reading, i can clearly see that the up trend will resume in a few hours! 
dont make any plans this weekend
and fill up on popcorn!
dont make any plans this weekend
and fill up on popcorn!
The new "$180"?
180 is still my target price,
ETA 3 business days
Adam and his business days again.... I'm bearish for the first time in months...
August 01, 2013, 01:51:05 PM
after some chart reading, i can clearly see that the up trend will resume in a few hours!
dont make any plans this weekend
and fill up on popcorn!
dont make any plans this weekend
and fill up on popcorn!
The new "$180"?
180 is still my target price,
ETA 3 to 8 business days
August 01, 2013, 01:48:19 PM
Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does.
I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.
I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.
you couldn't resist telling us about your profit huh?
Ha! It was only small, I assure you!
August 01, 2013, 01:47:12 PM
after some chart reading, i can clearly see that the up trend will resume in a few hours!
dont make any plans this weekend
and fill up on popcorn!
dont make any plans this weekend
and fill up on popcorn!
The new "$180"?
August 01, 2013, 01:38:45 PM
after some chart reading, i can clearly see that the up trend will resume in a few hours!
dont make any plans this weekend
and fill up on popcorn!
dont make any plans this weekend
and fill up on popcorn!
August 01, 2013, 01:12:44 PM
There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals.
That's the only solution I can see. But then you increase your exposure risk.
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