Jaroslaw time to buy?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33024. (Read 26466540 times)
June 10, 2013, 10:15:55 AM
We need more volume in the exchanges..
Jaroslaw time to buy?
Jaroslaw time to buy?
June 10, 2013, 10:14:09 AM
Wish the forum had a auto partial page refresh, appending only new posts instead having to manually reloading entire pages.
Ajax. Google style.
Hmm. Might not be impossible. Maybe a firefox plugin.
June 10, 2013, 10:11:03 AM
Price plummeting as expected. The big buyers who propped the price up from $99 to $110 where kinda reckless - there's absolutely no buying pressure to support their move.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
A lot of the initial rise was due to arbitrage. The selling on Gox was unnatural and too far, too fast caused by blatant manipulation. There were many arb opportunities with a number of other markets not having the appetite to depress as quickly as Gox.
The rise to 110 surprised me, but -- in all honesty -- it is no less rational than the incredible dumps I saw just to drop the price below $100.
June 10, 2013, 10:10:22 AM
I dump some coins sorry for downtrend
you learn english sorry for advice
June 10, 2013, 10:09:51 AM
Price plummeting as expected. The big buyers who propped the price up from $99 to $110 where kinda reckless - there's absolutely no buying pressure to support their move.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
When you take out that 'reckless buy', TBH, there wasn't really that much volume in the rally. No volume at all in this downtick. I smell a short-term bear trap TBH unless someone really panics (or creates one)
I agree with you medium-term outlook, just think we will hang around a few days or longer before it plays out.
$88 - $110 was a pretty big move ... 25% ... pretty reasonable to have a pullback after that
June 10, 2013, 10:09:21 AM
Actually the only thing worrying me for the middle term BTC price is the legal situation in USA.
How is that now? Still endangered by the department for homeland security?
How is that now? Still endangered by the department for homeland security?
It will always be in danger. Even if it looks safe for now (which it doesn't IMO), that doesn't count for much if it looks like BTC might actually be some threat to the dollar or even just a change in the administration or makeup of the elected bodies.
June 10, 2013, 10:02:42 AM
I dump some coins sorry for downtrend
June 10, 2013, 09:59:57 AM
June 10, 2013, 09:54:57 AM
Price plummeting as expected. The big buyers who propped the price up from $99 to $110 where kinda reckless - there's absolutely no buying pressure to support their move.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
Now we have a mini-wall of aprox. $240k at $101. Lately we hadn't had much "fake walls" being pulled, both bid and asks have been pretty "honest" and they have been filled. Therefore, that mini-wall at $101 could slow the downtrend a bit. Anyhow, I really don't see the point of buying at $101, as there is absolutely no support around $100, apart from that mini-wall at $101. Next real support point at $90, and next crucial support at $80ish -> if that point is broken, $50 coins will be around the corner.
June 10, 2013, 09:51:59 AM
when you don't have coins anymore to push the price down you need to reload...
LOL thats surely the job of a govt agency reloading bullets high price to sell lower..
I'd rather think its one stupid whale having tons of coins and spending his spare fiat desperately hoping for the train to follow
June 10, 2013, 09:49:45 AM
idk what to do!
When in danger, when in doubt,
Run in circles, scream and shout.
June 10, 2013, 09:49:33 AM
wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
big pump can have long term plans..
but it's a bit strange .. he could have waited when we hit real bottom.. or tested bottom at least 2 times..
maybe we have seen bottom.. it's all a big guess right now.
when you don't have coins anymore to push the price down you need to reload...
...then wait for short phase of growth and start dumping again
you really can milk the market like a cow when you have the coins for it.
well after all that's the nature of a free market.
welcome to the jungle of bitoin
June 10, 2013, 09:31:28 AM
wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
big pump can have long term plans..
but it's a bit strange .. he could have waited when we hit real bottom.. or tested bottom at least 2 times..
maybe we have seen bottom.. it's all a big guess right now.
when you don't have coins anymore to push the price down you need to reload...
June 10, 2013, 09:27:56 AM
wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
This time we had significant buying volume on the way up, which is something we haven't seen for weeks. That's a good sign for the bulls theoretically speaking, but that volume vanished as soon as we touched $110.
The problem here is that without buying pressure price cannot go up. Sure, the sellers sit tight and hold, so price slowly creeps up (with low volume) or stays stable… But as soon as someone needs to cash out +10k BTC there we go, down the cliff. No buyers to stop the free fall, which stops only when the dumper runs out of ammo.
After selling a lot between $90 and $118ish, I bought back a little coins at $101ish, sold them again at $108.5 earlier today. I expect the price to go lower than $90 soon enough.
June 10, 2013, 09:26:23 AM
wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
big pump can have long term plans..
but it's a bit strange .. he could have waited when we hit real bottom.. or tested bottom at least 2 times..
maybe we have seen bottom.. it's all a big guess right now.
June 10, 2013, 09:18:22 AM
wow, ok i was totally wrong expecting dumps during the night...
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
so just one ridiculously big pump to 110$?
hmm smells like a possible bulltrap to me.
perhaps then next dump middle of this week?
June 10, 2013, 08:59:58 AM
June 10, 2013, 08:52:07 AM
June 10, 2013, 08:44:39 AM
Meaning don't believe all the bullshit you hear/read
June 10, 2013, 08:44:06 AM
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