Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33009.

uhoh

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Circle gets the Square

Quote from: Traktion on July 09, 2013, 08:09:28 AM

Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

Quote from: Traktion on July 09, 2013, 07:27:57 AM

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

Yup, that illustrates it pretty well I think!

"Boobs and Fat Hanging Arm Pattern" - LOL!

Pinktit

Traktion

full member

Activity: 168

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Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

Quote from: Traktion on July 09, 2013, 07:27:57 AM

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

Yup, that illustrates it pretty well I think!

"Boobs and Fat Hanging Arm Pattern" - LOL!

sarc

member

Activity: 98

Merit: 10

Quote from: Its About Sharing on July 09, 2013, 08:01:39 AM

Quote from: sarc on July 09, 2013, 07:59:10 AM

Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

it's definitely an emu.

I was debating on which Bird to name it, I like Dropping/Rising Emu. My other choice is A Dropping/Rising Big Bird.
Let's see how this pattern develops and then we can decide. Bookmark this, I think we are on to something.

I just see a vote for "Boobs and Fat Hanging Arm Pattern." I shouldn't count the chickens before the eggs are hatched.
Hmmmm, anything more guys? Perhaps we see how it develops to help the naming.

Rod hull's obese ghost?

yes, I know...off topic.

marvinrouge

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It's a dragon

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: sarc on July 09, 2013, 07:59:10 AM

Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

it's definitely an emu.

I was debating on which Bird to name it, I like Dropping/Rising Emu. My other choice is A Dropping/Rising Big Bird.
Let's see how this pattern develops and then we can decide. Bookmark this, I think we are on to something.

I just see a vote for "Boobs and Fat Hanging Arm Pattern." I shouldn't count the chickens before the eggs are hatched.
Hmmmm, anything more guys? Perhaps we see how it develops to help the naming.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

wonkytonky

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Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

Quote from: Traktion on July 09, 2013, 07:27:57 AM

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

the boobs and fat hanging arm pattern

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Is the tide turning? Sells are building just a bit...

And the Ask/Bid ratio still below 1.

sarc

member

Activity: 98

Merit: 10

Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

it's definitely an emu.

WeltMaster

sr. member

Activity: 437

Merit: 250

Quote from: Its About Sharing on July 09, 2013, 07:51:00 AM

Quote from: Traktion on July 09, 2013, 07:27:57 AM

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

I think the tension to the drop is killing me, get it over with bears.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Traktion on July 09, 2013, 07:27:57 AM

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? Grin

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: oda.krell on July 09, 2013, 07:46:08 AM

*cough* volatility squeeze *cough*

*cough cough* looks pretty clear to me what the bias is *cough cough*

I should really get some cough syrup.

What the bias is? I guess it could be interpreted as bullish flag.

oda.krell

legendary

Activity: 1470

Merit: 1007

*cough* volatility squeeze *cough*

*cough cough* looks pretty clear to me what the bias is *cough cough*

I should really get some cough syrup.

JimboToronto

legendary

Activity: 4242

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You're never too old to think young.

Quote from: molecular on July 09, 2013, 07:21:17 AM

Quote from: barbs on July 09, 2013, 06:35:33 AM

down we go

oh my god, now I see it, too (after looking very hard): we went down $0.60 in 30 minutes!

It reminds me of an old W.C. Fields/Charlie McCarthy skit.

Fields: It's very small.

McCarthy: How small? Do you need glasses to see it?

Fields: Yes, several.

Traktion

full member

Activity: 168

Merit: 100

Quote from: Traktion on July 06, 2013, 04:58:14 PM

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: barbs on July 09, 2013, 06:35:33 AM

down we go

oh my god, now I see it, too (after looking very hard): we went down $0.60 in 30 minutes!

ChartBuddy

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tutkarz

hero member

Activity: 546

Merit: 501

Quote from: WeltMaster on July 09, 2013, 06:30:37 AM

Quote from: tutkarz on July 09, 2013, 06:26:18 AM

Quote from: WeltMaster on July 09, 2013, 06:22:50 AM

I hope we get some decent action/volume tonight.

All this hovering 'stability' around charted territory isn't helping progression or long term recovery, things need to get worse before they get better. The sooner they get worse the less people get burned. Help yourselves by helping bitcoin Wink

people complain when its volatile, others complain when its not. looks like always someone will be unhappy.

Volatility is great for a deflating bubble, a quick sharp deflation is much better for the market than a steady long slide, not only do we lose investors but recovery is so much longer. At almost all other times large volatility is really bad for bitcoin.

where bubble deflated we will know when another one will start forming but you never know if this didn't happen long time ago and now is already recovering.

barbs

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Activity: 854

Merit: 1000

down we go

Rampion

legendary

Activity: 1148

Merit: 1018

Well, I think its about time to sell.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33009. (Read 26634343 times)