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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32826. (Read 26611324 times)

legendary
Activity: 1834
Merit: 1019
I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

that doesn't explain other exchanges following.
hero member
Activity: 504
Merit: 500
I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.
N12
donator
Activity: 1610
Merit: 1010
@ardana

What's your problem with simple psychology?

115 was the high from the bounce off 88. 110 is good too, it's marked by enormous volume. Largest volume on a 4h candle since the beginning of May.
hero member
Activity: 504
Merit: 500
Remember: If you buy early into a bull trap, you avoid paying +50% and buying into the top thinking it will go past 266 again. If then you become deluded, at least your losses will be mild and you can sell at cost.

And I will say it again. 99 is expensive, 101 is cheap.

And I will say it again. You're full of shit and just trying to sway some noobs.
hero member
Activity: 564
Merit: 508
This is a fundamental scared fiat bull trap. Cheesy

First mark to watch, 104. Second, 115.

why 115?

Yes, i wonder why.
I'm monitoring $105 and $110 instead.
legendary
Activity: 1834
Merit: 1019
This is a fundamental scared fiat bull trap. Cheesy

First mark to watch, 104. Second, 115.

why 115?
legendary
Activity: 2170
Merit: 1094
Maybe someone is trying to ignit a panic buy prior to performing a massive dump ?

My theory too. It will be the mother of all dumps, because if we reach 120$, there will be about 100k BTC buy orders above 80$.
But I think there is still some time left until the giant dump, so today I'm 100% BTC. Ready to panic sell anytime though.
N12
donator
Activity: 1610
Merit: 1010
This is a fundamental scared fiat bull trap. Cheesy

First mark to watch, 104. Second, 115.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
The ask walls on MtGox are collapsing!

ClarkMoody is showing an unusual 2:1 ratio right down the depth. Already 30k bids above $90 but only 15k asks to $109.

Is this fundamentals or the scared-fiat spike?
N12
donator
Activity: 1610
Merit: 1010
Remember: If you buy early into a bull trap, you avoid paying +50% and buying into the top thinking it will go past 266 again. If then you become deluded, at least your losses will be mild and you can sell at cost.

And I will say it again. 99 is expensive, 101 is cheap.
legendary
Activity: 1834
Merit: 1019
No more double digits for July.

sell, sell, sell
Then we will revert to no more triple digits for 2013. Cheesy

buy, buy, buy

(my market making bot thanks you)

lmao
N12
donator
Activity: 1610
Merit: 1010
No more single digits for the third millenium.
sr. member
Activity: 444
Merit: 250
2600 wall at $100 right now and we just hit $101. Not sure we'll see double-digits again anytime soon.

if not soon why later?  Huh
Because later is much harder to predict :-) Perhaps we'll never see double-digits again, I have no idea.
legendary
Activity: 1904
Merit: 1002
No more double digits for July.

sell, sell, sell
Then we will revert to no more triple digits for 2013. Cheesy

buy, buy, buy

(my market making bot thanks you)
N12
donator
Activity: 1610
Merit: 1010
No more double digits for July.

sell, sell, sell
Then we will revert to no more triple digits for 2013. Cheesy
legendary
Activity: 1904
Merit: 1002
N12
donator
Activity: 1610
Merit: 1010
No more double digits for July.

what'd you mean by dollar extraction, was this in regards to bitcoin or the macroeconomy? both?
Bitcoin. It's happening, although at a slow pace.

The trick to having a nice impulsive move is to stricke quick, hard and repeatedly while the BTC supply is low on the books so that it doesn't recover and we can have a positive feedback loop for a while. That's why I find it's looking good for an epic bull trap.
sr. member
Activity: 354
Merit: 251
coinorama.net
Maybe someone is trying to ignit a panic buy prior to performing a massive dump ?
legendary
Activity: 1834
Merit: 1019
No more double digits for July.

what'd you mean by dollar extraction, was this in regards to bitcoin or the macroeconomy? both?


2600 wall at $100 right now and we just hit $101. Not sure we'll see double-digits again anytime soon.
It can either be a repeat of 2011 [we'll see 70$ again] or a repeat of 2012 [we'll never see 100$ again]. 50/50 chance :-)



I don't know what the **** the market is doing right now.
It's easier to speculate on random number generator than on bitcoin.
Looks like the only way to win is not to play.

I'll officially put my BTC in a cold storage and forget about them.
See you all in 10 years. Wink

Why:
I was sure that this was a bull trap, and now we have breached 100$.
I don't know if we're going down, or up.
I give up.
AAAAA, PANIC, PANIC! Tongue

sounds like you were probably just listening to the wrong people :p like you wanted to listen to people that supported your preconceptions, rather than consider what the market actually is like objectively. i still don't understand the people's obsession behind this bubble following the 2011 bubble. i've posted at least 10 times why the market dynamics is more similar to the august 2012 one, namely, we thought bitcoin was over from 32->2, but now, we just believe it's going to go down when we know it's going to eventually go back up.

quite a fundamental difference

also, all that development in the past 2-4 years didn't simply disappear

I've asked this before, will the price follow the charts, or do the charts follow the price?
N12
donator
Activity: 1610
Merit: 1010
No more double digits for July.
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