Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32963.

Traktion

full member

Activity: 168

Merit: 100

Quote from: crumbs on July 11, 2013, 05:43:59 AM

Yesterday taught me just *how* pathetic my attempts at reading the Bitcoin market are, and *how* irrelevant both TA & common sense are to this market.
Trying a new strategy today. Got me some black candles burning on both sides of the monitor, crayons for drawing pentagrams & magikal symbolz, got The Lord's Prayer queued up to loop backwards in Pro Tools. As soon as my cat learns to arch his back & hiss at the chart, i'll be set for a new day of trading Angry

I think you just have to be prepared for nothing to be foolproof. As long as you win most of the time, you're still better off trading than doing nothing (IMO)!

molecular

donator

Activity: 2772

Merit: 1019

"markets hate nothing more than indecision"

Miz4r

legendary

Activity: 1246

Merit: 1000

Looks like Bitstamp and Gox have become very close buddies now. Bitstamp's volume also at an ATH now, higher than during the crash even. I think within a few months volume will be 50/50 shared between Gox and Bitstamp.

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: barbs on July 11, 2013, 06:41:59 AM

BTCE under 80?

It is desired for Mrs Market, if she decided to go north, to cool down a bit before resuming this trend reversal. We might see prices slightly below 80 for a very short period of time.

If this happens it is a reassuring sign for those with long positions.

barbs

hero member

Activity: 854

Merit: 1000

BTCE under 80?

MAbtc

hero member

Activity: 826

Merit: 508

Looks like a flag forming. Don't know which way it will break.... originally thought up to 96 after another oscillation down, but this rally has me nervous. Didn't reach my target but happy to take profits at 89.

All out, now dump please. Grin

gandhibt

full member

Activity: 238

Merit: 100

Maybe we go down? Volume is null and both money flow and RSI are up.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: crumbs on July 11, 2013, 05:43:59 AM

Yesterday taught me just *how* pathetic my attempts at reading the Bitcoin market are, and *how* irrelevant both TA & common sense are to this market.
Trying a new strategy today. Got me some black candles burning on both sides of the monitor, crayons for drawing pentagrams & magikal symbolz, got The Lord's Prayer queued up to loop backwards in Pro Tools. As soon as my cat learns to arch his back & hiss at the chart, i'll be set for a new day of trading Angry

+1

Used to listen to a futures trading chat room/radio show many years ago. The host would present a spoof interview with 'Tony Tides', which was an in-joke with regular listeners. The newbies where genuinely taken-in by this mysterious Tony who could read the motion of the tides and predict the days market movements!

ft73

hero member

Activity: 564

Merit: 508

Waiting for $84.

crumbs

full member

Activity: 210

Merit: 100

Yesterday taught me just *how* pathetic my attempts at reading the Bitcoin market are, and *how* irrelevant both TA & common sense are to this market.
Trying a new strategy today. Got me some black candles burning on both sides of the monitor, crayons for drawing pentagrams & magikal symbolz, got The Lord's Prayer queued up to loop backwards in Pro Tools. As soon as my cat learns to arch his back & hiss at the chart, i'll be set for a new day of trading Angry

micalith

hero member

Activity: 894

Merit: 501

Quote from: dan99 on July 11, 2013, 05:14:45 AM

Quote from: Miz4r on July 11, 2013, 05:06:44 AM

Quote from: gandhibt on July 11, 2013, 04:59:17 AM

What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?

Yes. No. Maybe.

Yes, going to $90 soon

volume is surely too low to sustain this long-term. It looks to me like it's corrected about right for having been over sold, and is ready to get back to the slow slide down again soon. This is just based on my intuition, and what some of the more convincing mid-term bears on this thread have explained previously.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Tired already bulls?

dan99

sr. member

Activity: 406

Merit: 250

Quote from: Miz4r on July 11, 2013, 05:06:44 AM

Quote from: gandhibt on July 11, 2013, 04:59:17 AM

What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?

Yes. No. Maybe.

Yes, going to $90 soon

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: gandhibt on July 11, 2013, 04:59:17 AM

What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?

Yes. No. Maybe.

WeltMaster

sr. member

Activity: 437

Merit: 250

Quote from: gandhibt on July 11, 2013, 04:59:17 AM

What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?

Let me consult my ball.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: MickeyT2008 on July 11, 2013, 01:55:41 AM

Quote from: derpinheimer on July 11, 2013, 12:48:48 AM

I hate the part where I go to sleep now.

This ^^

Sometimes it seems like I could sit here for years and nothing would happen, but the moment I go to sleep/go shopping/take my kid to school/etc the market will lurch violently in a way that works against me.

first world problems

gandhibt

full member

Activity: 238

Merit: 100

What will happen? Up or down? And if we go up do we go down after that? Do we see $50 ever again?

Kj1

sr. member

Activity: 434

Merit: 250

Quote from: MickeyT2008 on July 11, 2013, 01:55:41 AM

Those stock exchange guys with their 'end of trading' each day don't know how easy they've got it

^^

MickeyT2008

sr. member

Activity: 350

Merit: 250

This account was recently hacked

Quote from: derpinheimer on July 11, 2013, 12:48:48 AM

I hate the part where I go to sleep now.

This ^^

Sometimes it seems like I could sit here for years and nothing would happen, but the moment I go to sleep/go shopping/take my kid to school/etc the market will lurch violently in a way that works against me. Sometimes it's as if the whales have got hidden cameras in my house and are waiting for me to stop watching the market, just so they can stitch me up.

Those stock exchange guys with their 'end of trading' each day don't know how easy they've got it

derpinheimer

legendary

Activity: 896

Merit: 1000

Asks have slightly recovered [123k, +13k from low today]

Bid/Ask down to $89/BTC from a high of $101/BTC.

8k coins need to be bought in order to top the daily high,
19k coins need to be sold to drop below the low.

I hate the part where I go to sleep now. Hopefully the action waits a few hours.. and it isnt a no-volume period until a whale comes in... AGAIN.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32963. (Read 26609738 times)