Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32922. (Read 26467678 times)
June 18, 2013, 11:57:11 AM
i will help you guys destroing this wall
June 18, 2013, 11:55:50 AM
Lets see what happens to this 108.5 wall, its being tickled
June 18, 2013, 11:54:58 AM
the wall is doing a nice job of soaking up bear bile -- and I dare say he is getting a good deal in the process.
He will regret that when the price hit the under 100$
June 18, 2013, 11:49:54 AM
the wall is doing a nice job of soaking up bear bile -- and I dare say he is getting a good deal in the process.
June 18, 2013, 11:48:25 AM
@ElectricMucus: The correlation only exists if you rescale both y and x axes.
It also looks like a pert breast, on it's side.
Means nothing.
It also looks like a pert breast, on it's side.
Means nothing.
June 18, 2013, 11:45:54 AM
[...]
Here is the thing, I can't possibly think of every technicality which wouldn't fit this correlation, there are just too many. (like the indicators you posted for instance).
I don't use volume based indicators, but I don't ignore them, they are just not relevant for my style of trading.
Here is the thing, I can't possibly think of every technicality which wouldn't fit this correlation, there are just too many. (like the indicators you posted for instance).
I don't use volume based indicators, but I don't ignore them, they are just not relevant for my style of trading.
Fair enough. It's just that I don't look at the indicators (volume based or not) in isolation but try to see how they fit in with what I believe to be the market sentiment.
And the way it looks to me, that sentiment is very different now than it was in 2011. I wasn't around in 2011, but judging by the forum posts here for example, there is substantially more optimism around today than back then. So if this is continuing deflation, it sure looks like it has to overcome some real resistance by the market. But, yes, maybe that's how it'll play out in the end.
June 18, 2013, 11:38:29 AM
Here is for a revised 2011-2013 comparison. We are still very new to bear land in that perspective.
Why do people have this urge to see the similarities alone in cases where it fits their argument, but ignore the differences that would counter or at least weaken that argument?
CMF, A/D: 2011 vs 2013
Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not.
Here is the thing, I can't possibly think of every technicality which wouldn't fit this correlation, there are just too many. (like the indicators you posted for instance).
I don't use volume based indicators, but I don't ignore them, they are just not relevant for my style of trading. (Actually I don't really use the correlation I posted either, I just wanted to point out that it exists.)
June 18, 2013, 11:36:40 AM
Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not.
That accumulation/distribution chart is very nice looking. I forget the formula but I used to follow that one closely (with others).
Confusing time in a sense. It is tough being a short term / mid term bear and seeing a rally, which was predictable if you believed the market depth (which, unfortunately (or fortunately - we'll see)).
The A/D is basically just the cumulative version of the CMF (or more precisely: instead of averaging over the money flow like CMF does, A/D sums it). (Someone correct me please if I misremember this, I'm too lazy to look it up now)
But yeah, that is one hell of a difference between 2011 and 2013, and still there are people that claim "it's basically 2011 all over again".
For all I know, we'll drop another 70% from where we are now, I can't rule it out, but if that happens it won't be because we're in the exact same situation as back then.
June 18, 2013, 11:29:58 AM
180 in 8 business days 
when we increase the rate every day of $ 10, it will not be a problem
June 18, 2013, 11:26:37 AM
I have a really hard time believing that wall at 108.50 is real. I fully expect it to be the tactic wherein the wall owner sells BTC to the buys in front of it, pulls it when momentum drops, and then dumps.
Except, he didn't need to do that -- we went much higher than the current price without the wall in place.
He's just buying, the wall is getting eaten.
last time we had this configuration was june 2th, the wall spent 48h without moving and you can see the result now, so dont be so optimistic..
June 18, 2013, 11:26:28 AM
180 in 8 business days
and 1000 in 20 business days?
But, seriously, I think you're right.
Too many people want cheap coins @ $30-50, so, maybe, it's impossible to go down.
June 18, 2013, 11:26:05 AM
Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not.
That accumulation/distribution chart is very nice looking. I forget the formula but I used to follow that one closely (with others).
Confusing time in a sense. It is tough being a short term / mid term bear and seeing a rally, which was predictable if you believed the market depth (which, unfortunately (or fortunately - we'll see)).
June 18, 2013, 11:23:20 AM
180 in 8 business days
June 18, 2013, 11:15:40 AM
Here is for a revised 2011-2013 comparison. We are still very new to bear land in that perspective.
Why do people have this urge to see the similarities alone in cases where it fits their argument, but ignore the differences that would counter or at least weaken that argument?
CMF, A/D: 2011 vs 2013
Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not.
June 18, 2013, 11:08:02 AM
lol, Fake bear, Fake food?
June 18, 2013, 11:04:31 AM
June 18, 2013, 11:04:07 AM
I have a really hard time believing that wall at 108.50 is real. I fully expect it to be the tactic wherein the wall owner sells BTC to the buys in front of it, pulls it when momentum drops, and then dumps.
Except, he didn't need to do that -- we went much higher than the current price without the wall in place.
He's just buying, the wall is getting eaten.
+1, I saw the wall take a bite from a pump and dump whale.
I wish I had 650 thousand dollars to spend on Bitcoins though. Funnily enough that is roughly the amount of bitcoins that RPitiela sold a few days ago...
June 18, 2013, 11:03:15 AM
June 18, 2013, 11:00:07 AM
June 18, 2013, 10:54:37 AM
I have a really hard time believing that wall at 108.50 is real. I fully expect it to be the tactic wherein the wall owner sells BTC to the buys in front of it, pulls it when momentum drops, and then dumps.
Except, he didn't need to do that -- we went much higher than the current price without the wall in place.
He's just buying, the wall is getting eaten.
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