Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32986.

gandhibt

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Quote from: Dalib on July 10, 2013, 07:44:52 AM

Quote from: Its About Sharing on July 10, 2013, 07:40:36 AM

I sort of follow you but I hadn't been using short term periods like that.
This is a bit over my head actually Undecided

How is the period (short or long) related to the effect on sell offs? (or buys)
I thought it didn't matter, it was all in the order book (for the most part).

I think that this makes sense for day trading (if sufficient daily volatility)

And of course, daily traders he must know: where the support and resistance is too.

That second square (SELL) is pretty tricky, you could end up selling too early and then end up getting a loss at next BUY.

Its About Sharing

legendary

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Thanks Dalib, really interesting and I understand now (I do well with pictures) Grin

Gives me something to keep an eye on...

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ChartBuddy

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Dalib

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I did not understand earlier yesterday why someone yesterday bought 5k.
But then again I checked the RSI and MFI, and I have also seen that around 73 (72.51) was a "daily bottom" (15-30 min oversold).

By the way day trading with 3-5K BTC must be a lot of "risky entertainment" Huh

But also quite fast money when the daily volatility greater than 5 preferred around 10% ...

Dalib

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Quote from: Its About Sharing on July 10, 2013, 07:40:36 AM

I sort of follow you but I hadn't been using short term periods like that.
This is a bit over my head actually Undecided

How is the period (short or long) related to the effect on sell offs? (or buys)
I thought it didn't matter, it was all in the order book (for the most part).

I think that this makes sense for day trading (if sufficient daily volatility)

And of course, daily traders he must know: where the support and resistance is too.

Its About Sharing

legendary

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Antifragile

I sort of follow you but I hadn't been using short term periods like that.
This is a bit over my head actually Undecided

How is the period (short or long) related to the effect on sell offs? (or buys)
I thought it didn't matter, it was all in the order book (for the most part).

Dalib

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Quote from: Its About Sharing on July 10, 2013, 07:28:10 AM

Quote from: Dalib on July 10, 2013, 07:22:09 AM

Quote from: Its About Sharing on July 10, 2013, 07:13:37 AM

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

IAS, I think it sold well see that the price is at the top for now and he made a dump until it is under price great demand. He needed the advantage of the first signal.
If he was waiting for more signals (MACD, EMA), we'd have fallen below the with 3K sell market order.

I have the money flow as being bottomed around 20.
I'm not sure I understand you. Are you saying it was a mis-timed sell?

Yes, but this is short time

See how, daily peaks and lows correspond to 15-30 min oversold and overbought (According MFI and RSI).

http://bitcoincharts.com/charts/mtgoxUSD#rg5zig30-minztgSza1gEMAzm1g10za2gEMAzm2g25zxzi1gMACDzi2gRSIzi3gMFIzv

and large waves (like break at 66) with your (daily) chart as http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zi1gMACDzi2gSStochzi3gMFIzi4gStochRSIzv

Its About Sharing

legendary

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Quote from: Dalib on July 10, 2013, 07:22:09 AM

Quote from: Its About Sharing on July 10, 2013, 07:13:37 AM

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

IAS, I think it sold well see that the price is at the top for now and he made a dump until it is under price great demand. He needed the advantage of the first signal.

If he was waiting for more signals (MACD, EMA), we'd have fallen below the with 3K sell market order.

I have the money flow as being bottomed around 20. (http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zi1gMACDzi2gSStochzi3gMFIzi4gStochRSIzv)

I'm not sure I understand you. Are you saying it was a mis-timed sell?

Its About Sharing

legendary

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Quote from: samson on July 10, 2013, 07:17:55 AM

Quote from: Its About Sharing on July 10, 2013, 07:13:37 AM

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

Of course it did, there's almost no bid volume down to 75.5 right now.

Good luck selling anything near current price if you want to dump.

I should have looked at the depth. Only 232 to $76.

And 743 to $75.50
And 1850 to $75

That filled in awfully quick considering we were just there, no?

Dalib

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Quote from: Its About Sharing on July 10, 2013, 07:13:37 AM

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

IAS, I think it sold well see that the price is at the top for now and he made a dump until it is under price great demand. He needed the advantage of the first signal.

If he was waiting for more signals (MACD, EMA), we'd have fallen below the with 3K sell market order.

That it was the right decision at the right time when he needed to quickly sell 3k over 75

samson

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Quote from: Its About Sharing on July 10, 2013, 07:13:37 AM

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

Of course it did, there's almost no bid volume down to 75.5 right now.

Good luck selling anything near current price if you want to dump.

Its About Sharing

legendary

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Antifragile

I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Huh

Dalib

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And still we have a 2.5k "bomb" at 79 and almost 9k at 80 Wink

fr33d0miz3r

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sarc

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Quote from: Its About Sharing on July 10, 2013, 01:55:07 AM

These negative divergences against rises in price have been VERY VERY accurate indicators of moves down:
We have the longest one yet. I'd say the price is really wanting to adjust down but those huge buys with walls changed a bit of the natural movement.
Will be interesting to see what happens.