Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32835. (Read 26468516 times)
June 27, 2013, 12:02:24 PM
June 27, 2013, 11:59:52 AM
According to well-established sources:
If it keeps on raining
levee's going to break
If it keeps on raining
levee's going to break
nice metaphor
June 27, 2013, 11:50:35 AM
Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
yep! something will happen at the end of the triangle, but I don't think we can be 100% sure about a fall.. In the middle of your chart we can see also a triangle followed by a rise (between your 2d and 3d triangles)
Yes, but there is one noticeable difference that I didn't get in the picture. The 3 that I circled were preceded by high volume, not the other one. (Actually, you can see a bit of the 3 tops I'm talking about).
But I agree with you, we don't know...
According to well-established sources:
If it keeps on raining
levee's going to break
June 27, 2013, 11:38:12 AM
The only thing that can save your precious Bitcoin price now is another MtGox problem.
Mouhahahah!
Mouhahahah!
I think the price will go up. I'm feeling bearish and I'm always wrong
June 27, 2013, 11:37:51 AM
Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
yep! something will happen at the end of the triangle, but I don't think we can be 100% sure about a fall.. In the middle of your chart we can see also a triangle followed by a rise (between your 2d and 3d triangles)
Yes, but there is one noticeable difference that I didn't get in the picture. The 3 that I circled were preceded by high volume, not the other one. (Actually, you can see a bit of the 3 tops I'm talking about).
But I agree with you, we don't know...
June 27, 2013, 11:36:18 AM
The only thing that can save your precious Bitcoin price now is another MtGox problem.
Mouhahahah!
Mouhahahah!
June 27, 2013, 11:32:49 AM
Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
yep! something will happen at the end of the triangle, but I don't think we can be 100% sure about a fall.. In the middle of your chart we can see also a triangle followed by a rise (between your 2d and 3d triangles)
June 27, 2013, 11:29:39 AM
Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
The last one looks upside down. I'm going to say up.
June 27, 2013, 11:23:27 AM
Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
June 27, 2013, 11:22:49 AM
Learn to use [img width=200] people. 
June 27, 2013, 11:21:55 AM
Judging from this thread, I think many people here are buying high.
The forums supply must be pretty good.
Have to converge with this. The forums supply must be pretty good.
June 27, 2013, 11:02:17 AM
June 27, 2013, 10:58:20 AM
The only reason someone is buying on ox now is to cash out on a exchange with USD withdrawals. That's why there's a continued spread against the non-gox exchanges.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
I don't doubt what you say. The thing we have to fear with a high price is that we get noticed. It is better to have a low profile for the next year or two, build the infrastructure up and then take off. I imagine there will be a bit of accumulation during that time and the next move up will make the last one seem tame by comparison. A lot of this depends on what happens with our economic system though and the world situation.
If it comes down and believers accumulate more and then later the price is sky high, I hope those with lots will help society to go forward as things might be getting ugly the next few years.
Let us not forget the true purpose here. We are slowly adopting a new system and supplanting one that has been responsible for enslaving mankind via wars, usury, etc. for thousands of years.
June 27, 2013, 10:50:58 AM
The only reason someone is buying on ox now is to cash out on a exchange with USD withdrawals. That's why there's a continued spread against the non-gox exchanges.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
Bingo
June 27, 2013, 10:50:13 AM
The only reason someone is buying on ox now is to cash out on a exchange with USD withdrawals. That's why there's a continued spread against the non-gox exchanges.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
Prices will continue to slowly decrease. Note that it won't be a sudden crash because now that so many cash outflow conduits are cut, it's much more difficult to withdraw the cash. On CampBX for example, dumpin 500 coins will slip the price almost $20. ...so people will be unloading slowly.
There's no upside here. Adoption of BTC is well below the hype, and the public mindset, post-crash, that it's more like a pyramid scheme than a currency.
The underlying demand for btc purchases can be sustained by a price of under $10 (especially now with all the capital controls). ...but think about that for a moment. A loss of over 90% of the current price over the next few months will have a deleterious impact on the cash flows with various exchanges, which could cause some significant turbulence even at the bottom. Some exchanges / services allow for margin / leverage. Those exchanges may not be able to tolerate wild price swings and may end up insolvent overnight.
...so all in all, it's going to be a turbulent time. Make sure to only play with money you don't mind losing.
June 27, 2013, 10:49:58 AM
there is also a strong divergence in the chaikin money flow
That is much more pronounced than on the chart I posted. Either way, we should have a move to the downside. In my chart it would be a correction but the break below 100 could start a stampede.Yes we need need really strong support at 85 -100, so we do not end up under my 50 ...
We are going to end up under 50.
June 27, 2013, 10:47:42 AM
there is also a strong divergence in the chaikin money flow
That is much more pronounced than on the chart I posted. Either way, we should have a move to the downside. In my chart it would be a correction but the break below 100 could start a stampede.Yes we need need really strong support at 85 -100, so we do not end up under my 50 ...
June 27, 2013, 10:46:54 AM
If you follow the market book / depth:
(Sort of using the bitcoinchannel.com guys' method)
The sales figures have been steadily rising. Today is the highest value since mid may, around 133k
The 100k sales mark in $$$ is the lowest level since mid may. This is bearish.
Sum of sales within a $5 range have vastly overtaken buys within a $5 range.
Basically, most of the indicators look bearish to me. It is not the end of the world bearish, but something to watch closely the next few weeks.
IAS
ps - If todays candle remains red it is a Bearish confirmation after the last two indecisive days. Further it encompasses yesterdays "top" formation body.
(Sort of using the bitcoinchannel.com guys' method)
The sales figures have been steadily rising. Today is the highest value since mid may, around 133k
The 100k sales mark in $$$ is the lowest level since mid may. This is bearish.
Sum of sales within a $5 range have vastly overtaken buys within a $5 range.
Basically, most of the indicators look bearish to me. It is not the end of the world bearish, but something to watch closely the next few weeks.
IAS
ps - If todays candle remains red it is a Bearish confirmation after the last two indecisive days. Further it encompasses yesterdays "top" formation body.
June 27, 2013, 10:39:16 AM
there is also a strong divergence in the chaikin money flow
That is much more pronounced than on the chart I posted. Either way, we should have a move to the downside. In my chart it would be a correction but the break below 100 could start a stampede.
June 27, 2013, 10:30:11 AM
Judging from this thread, I think many people here are buying high.
The forums supply must be pretty good.
The forums supply must be pretty good.
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