Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32919. (Read 26467678 times)
June 18, 2013, 02:00:21 PM
June 18, 2013, 01:58:29 PM
Bounce is almost over and i'm ready to buy in at a profit. Good times.
You don't profit until you sell, son.
June 18, 2013, 01:55:53 PM
Bounce is almost over and i'm ready to buy in at a profit. Good times.
June 18, 2013, 01:45:23 PM
the rally today was on volume and not just from whales.
I agree.
EDIT: i think SMA100 is @110$. This may be the beginning of a way bigger movement. Let's see.
June 18, 2013, 01:42:58 PM
Let them sell, this rally has just started. They are the ones missing out in the end. 
When there's utterly zero volume at 98-101, this is no rally. The only place a rally can come from in this no-volume market is from whales manipulating the market with large buy orders. This isn't like it was in March-April-early May where Gox had millions a week being wired to it and the market had natural buying pressure from a large variety of players. Most of the newcomers lost their shirts to the whales buying at 200+ during the bubble and 150+ in the ripple immediately after.
As speculators, people should be thinking about how to make money from the manipulation without feeding the whales. Thinking that this is a true valuation of BTC is utterly foolish in my opinion.
People were scared to sell or buy at 98-101, many had already sold and were waiting for a crash and people still holding bitcoins didn't feel like selling at a strong support level. That explains the low volume, the rally today was on volume and not just from whales. I don't believe it is a sucker's rally like the one we had last week on low volume. That was a bearish wedge.
June 18, 2013, 01:42:43 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
Who wants to sell at 108 when people just demonstrated they were willing to pay 113?
I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either
Oh, hence the "there will be panic" remark.
See you back at 113 tomorrow...
Great, I sold all of 10% of those coins I bought at 100. Bring it on.
June 18, 2013, 01:39:40 PM
I'd like to see same consolidation in the tight 108$-110$ range now.
Too much overbought to further accelerate, a correction towards $105 may be possible.
Too much overbought to further accelerate, a correction towards $105 may be possible.
Still overbought, projection still valid
June 18, 2013, 01:39:27 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
Who wants to sell at 108 when people just demonstrated they were willing to pay 113?
Its a strategy biting in that wall hoping to buy back lower. when panic stops at 106.5 , they will bid again around 105, now hoping..
June 18, 2013, 01:39:04 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
Who wants to sell at 108 when people just demonstrated they were willing to pay 113?
I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either
Oh, hence the "there will be panic" remark.
See you back at 113 tomorrow...
June 18, 2013, 01:37:48 PM
Let them sell, this rally has just started. They are the ones missing out in the end.
When there's utterly zero volume at 98-101, this is no rally. The only place a rally can come from in this no-volume market is from whales manipulating the market with large buy orders. This isn't like it was in March-April-early May where Gox had millions a week being wired to it and the market had natural buying pressure from a large variety of players. Most of the newcomers lost their shirts to the whales buying at 200+ during the bubble and 150+ in the ripple immediately after.
As speculators, people should be thinking about how to make money from the manipulation without feeding the whales. Thinking that this is a true valuation of BTC is utterly foolish in my opinion.
June 18, 2013, 01:35:46 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
Who wants to sell at 108 when people just demonstrated they were willing to pay 113?
I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either
June 18, 2013, 01:35:25 PM
Look at it this way, that whale caught a lot of coins from weak hands or small profit takers. He will not want to sell his coins at 108.5 again, he probably expects the price to go up to 120-130 at which point we can expect another big dump. 
June 18, 2013, 01:33:00 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
Who wants to sell at 108 when people just demonstrated they were willing to pay 113?
June 18, 2013, 01:32:27 PM
What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!
Let them sell, this rally has just started. They are the ones missing out in the end.
I sure hope so. I'm so tired of all this dumping the last few weeks.
June 18, 2013, 01:31:06 PM
What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!
Let them sell, this rally has just started. They are the ones missing out in the end.
June 18, 2013, 01:29:32 PM
who wants to buy 4k coins at 108 when the price is surely going down afterwards...
June 18, 2013, 01:27:47 PM
Wall gone, there is going to be a panic.
June 18, 2013, 01:26:46 PM
At least the wall was real. That's kind of bullish
June 18, 2013, 01:26:13 PM
the wall has been fucked
June 18, 2013, 01:26:03 PM
What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!
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