Its weird that the ask side never has any depth during these situations. Any time it begins to build, a dumbull seems to buy it at a large premium.
Also, is everyone out of ammo?
[This is the part a real whale comes thru and does a 5k+ buy/sell.]
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33023. (Read 26497678 times)
June 24, 2013, 10:26:32 PM
June 24, 2013, 10:24:19 PM
Get the popcorn.........Its a whale fight!!!! 
June 24, 2013, 10:22:00 PM
10k in volume... to stay at the same price.
Oh Bitcoin, you troll...
Oh Bitcoin, you troll...
June 24, 2013, 10:17:05 PM
This market is idiotic. .
June 24, 2013, 10:16:52 PM
Wowza! Who'da thunk a 1.2k buy would trigger a much, much larger sell? 3k left thru 100, just hit a daily low of 100.59
June 24, 2013, 10:14:43 PM
180 in 5 business days buybuybuy!!!!!!!!!!!
Quoted!
Care to place a wager on that?
June 24, 2013, 10:03:38 PM
(...) right now bitcoin is currently in the fear/desperation phase (...)
The sentiment I get from the average bitcoiners is more like
"This is a temporary setback, but we are still going to da moooooon!"
but there will be very few avenues of escape for the world financial markets when we get consumed by debt and deflate hard.
Could you explain that? How a dollar deflation is supposed to boost Bitcoin in any way?
Well, as people risk off, I imagine they buy dollars. Dollar value will go up, which SHOULD bring XRP price down, but at the same time, there are other factors at play here my friend. Risk in financial markets pushes people to alternatives...treasuries are up but they suck and qe isnt over it is just tapering so why not btc which isn't a part of the failing global political and economic system?
June 24, 2013, 10:00:06 PM
June 24, 2013, 09:29:07 PM
Oversold:
Image
Image
Loved this graph.
Can someone please explain to me what are each of the 3 or 4 graphs in the lower area?
They are all various types of oscillators that do indeed show oversold condition on the 4 hour interval. However, we are neither oversold on the daily nor weekly interval. People new to trading tend to be myopic and miss the longer term conditions that control the overall trend.
The daily interval is significant, but nothing very immediately meaningful there at the moment, and the weekly is heavily distorted from the bubble. I find the 4h and 1h interval to be the most useful for regular trading.
And the market felt like it was oversold, and it appears now that it indeed was/is.
June 24, 2013, 09:06:23 PM
Oversold:
Loved this graph.
Can someone please explain to me what are each of the 3 or 4 graphs in the lower area?
They are all various types of oscillators that do indeed show oversold condition on the 4 hour interval. However, we are neither oversold on the daily nor weekly interval. People new to trading tend to be myopic and miss the longer term conditions that control the overall trend.
June 24, 2013, 09:00:14 PM
June 24, 2013, 08:00:05 PM
June 24, 2013, 07:49:46 PM
Oversold:
Loved this graph.
Can someone please explain to me what are each of the 3 or 4 graphs in the lower area?
June 24, 2013, 07:32:42 PM
wait for it... wait for it... 
June 24, 2013, 07:31:51 PM
5k to under $100
June 24, 2013, 07:00:15 PM
June 24, 2013, 06:05:13 PM
There is a 0.01 BTC dump right now 
June 24, 2013, 06:02:37 PM
anyone else see that 400 coin dump after the small 102 wall went up? wtf
Really?
We are now at the point where we talk about 400 BTC transactions?
June 24, 2013, 06:00:11 PM
June 24, 2013, 05:18:23 PM
anyone else see that 400 coin dump after the small 102 wall went up? wtf
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