Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33014.

wonkytonky

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Quote from: wonkytonky on July 08, 2013, 07:33:53 AM

some will buy thinking the price will go higher (cup handle pattern) to make a quick profit since the 4h ema's are about to cross. but we seen this before. always just when they cross some guy come's in and dump enough to break the rally. (well maybe it's not a manipulator but just people not feeling the uptrend yet .; selling at the best price at that time)

i'm just not buying.. the only reason why price has gone up is because of 3-4 big buys.. not because everybody is in a buying spree

good to be so good at this game

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Pompobit

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6k dump! loozak, says us what is happening! Grin

gizmoh

legendary

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America awakes, Asks are filling up, new bids are scarce.
There is clear resistance at 80. Down we go.

Traktion

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Quote from: MickeyT2008 on July 08, 2013, 08:21:41 AM

Quote from: crumbs on July 08, 2013, 07:40:18 AM

Trying to remember: after a corpse bloats & floats to the surface, bobbing all nasty-like around ~69-79, does it keep floating or deflate & eventually sink Huh

What a lovely metaphor!

I think the answer is, it usually bobs about three times and then sinks.

MickeyT2008

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Activity: 350

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This account was recently hacked

Quote from: crumbs on July 08, 2013, 07:40:18 AM

Trying to remember: after a corpse bloats & floats to the surface, bobbing all nasty-like around ~69-79, does it keep floating or deflate & eventually sink Huh

What a lovely metaphor!

ChartBuddy

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Dalib

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A Top Web 3 Gaming Layer2 Provider

I think that if we stay above $ 74, the next bullish wave will be against the 80 wall.

When short-time overbought little drops.

Otherwise, we can probably fall back at 60 - 70 again ....

crumbs

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Activity: 210

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Trying to remember: after a corpse bloats & floats to the surface, bobbing all nasty-like around ~69-79, does it keep floating or deflate & eventually sink Huh

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: Its About Sharing on July 08, 2013, 06:48:58 AM

Quote from: keewee on July 08, 2013, 06:44:28 AM

It's clear the wall served its purpose

If there were enough buyers we'd eat right through that wall. This should be worrisome to "bulls" as we are coming off the first rally in a while AND coming off support.

But, we do have to see what happens once America is awake fully.

some will .. sell high the coins they bought since last low (66 ish ) for an easy profit..

some will pig

some will buy thinking the price will go higher (cup handle pattern) to make a quick profit since the 4h ema's are about to cross. but we seen this before. always just when they cross some guy come's in and dump enough to break the rally. (well maybe it's not a manipulator but just people not feeling the uptrend yet .; selling at the best price at that time)

i'm just not buying.. the only reason why price has gone up is because of 3-4 big buys.. not because everybody is in a buying spree

NewLiberty

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Activity: 1204

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Gresham's Lawyer

Quote from: Kazu on July 07, 2013, 03:08:46 PM

Lol, I still don't know why they say they have to 'trust hackers', why not just actually go and read the sourcecode if you actually think that nobody would have pointed something like that out by now its open source for goodness sakes.

Also what the heck is it with the term 'hacker' anyway, its like they want to tag him as evil for no reason whatsoever.

You forget...To news people, a hacker is someone that either knows what source code is, or can read source code.
We are like aliens to these people.

MickeyT2008

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Activity: 350

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This account was recently hacked

Quote from: ChartBuddy on July 08, 2013, 07:00:59 AM

You look a mess Chartbuddy, go and brush your hair!

bangersdad

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Activity: 227

Merit: 100

gox at 76.9
btc-e at 72.0

?

arbitration across the nation

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

MickeyT2008

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Activity: 350

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This account was recently hacked

Quote from: Its About Sharing on July 08, 2013, 06:48:58 AM

Quote from: keewee on July 08, 2013, 06:44:28 AM

It's clear the wall served its purpose

If there were enough buyers we'd eat right through that wall. This should be worrisome to "bulls" as we are coming off the first rally in a while AND coming off support.

But, we do have to see what happens once America is awake fully.

Maybe when Megawallzillabull gets out of bed we'll get a trend reversal as he laughs at Wallzilla's tiny bear wall and gobbles it all up. With a name like that he's probably American so he'll still be asleep

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: keewee on July 08, 2013, 06:44:28 AM

It's clear the wall served its purpose

If there were enough buyers we'd eat right through that wall. This should be worrisome to "bulls" as we are coming off the first rally in a while AND coming off support.

But, we do have to see what happens once America is awake fully.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: xorglub on July 08, 2013, 05:45:12 AM

Just a random observation from blockchained :

I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.

Thoughts ?

I can't see there being a relationship between the hash rate and the price, at least in that I don't see a higher hash rate increasing the price.

This is an interesting chart from blockchain.info and it makes one wonder about getting into mining. All those new super powerful rigs coming out, how can the small guy keep up?
Worrisome to me about a group getting 51% of the control IF, IF the rigs don't come down in price like other electronic items.