Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33070.

gizmoh

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Quote from: wonkytonky on June 20, 2013, 02:58:37 AM

what i think is happening.; big guy .. slowly bying up with 1k(ish) buys.. people think .. oh trend is changing.. lets buy..

big guy has put good bidvolume ..

now big guy bought high .... he knows price will not go much deeper then 80 ish ... so must atack from a higher price ..

big guy removes bidvolume..

dump enough coins to start panic selloff ..

we all think its cup and handle pattern right?

well maybe this can be true for the big player to even have the ability to sell at even higher price..

i'm still full fiat.. got bot ready to profit when we might have some shortterm up rally..
but looking at full orderbook , + asci miners having a lot of coins to sell lately... i'm not feeling it uptrending already..
although TA indicators are pretty good looking to me for some up trend..

this market is manipulated too much .. i'd say 1 more time bottom to start trend reversal or stability and slowly growing to the next bubble in januari

I sold off 85% of my coins as the road to 120 is very steep, there is no momentum ever since tuesday's rally which i hopped in..
And right now, price is being sustained mainly by that 2500 wall which moved from 102.5 to 105
I believe this was a false breakout, walls might get slashed by usual weekend sell off, leading to test double digits again.

ShroomsKit

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Quote from: octaft on June 20, 2013, 03:10:50 AM

Quote from: Its About Sharing on June 20, 2013, 02:52:31 AM

I prefer not to even say I am a "believer", there is something called first hand experience, knowing and then of course just good old observation.

Isn't that just anecdotal evidence, which is notoriously unscientific?

Yup, especially from someone who wants to believe.
He already has his conclusion and then does his study to confirm this conclusion. Ofcourse simply ignoring everything that doesn't fit his conclusion.
This is pretty standard behaviour for believers.
And everyone who doesn't agree with them will be called narrow minded.

octaft

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Quote from: Its About Sharing on June 20, 2013, 02:52:31 AM

I prefer not to even say I am a "believer", there is something called first hand experience, knowing and then of course just good old observation.

Isn't that just anecdotal evidence, which is notoriously unscientific?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Traktion

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Quote from: Its About Sharing on June 20, 2013, 02:54:25 AM

Quote from: Traktion on June 20, 2013, 02:50:13 AM

Quote from: Its About Sharing on June 20, 2013, 01:37:08 AM

Quote from: ?? on ??

price is floating up on light volume, and even small sales are enough for it to get hammered back down. No doubt about it, this is a fake rally designed to let people sell high. Bail while you can! Full disclosure, I'm short from $106.5 Grin

Yes and we have the makings of a 3rd straight day of higher prices on progressively lower volume. This happened last week on the 9-11 (no pun) and we wen't down afterwards. It is a tell tale downward formation (if it holds)...

+1

[On Bitstamp prices...]

It's looking like a triple top - three failed attempts to get over the 108 bar, with retraces back to 102 each time. I doubt we will see a forth.

However... the last retrace only touched 102, with a sharp bounce back. This starts looking a bit like a rising triangle, which is bullish. From this perspective, getting over 108 is a smaller leap.

There is a good deal of resistance over 108 though, which would need a lot of buying power to punch through. Therefore, I'm about 85% bearish for the trend for the next few days. I have orders in around 101 and 91 to catch the retrace back to the 18th or profit from another 10% fall beyond this.

P.S. I bought at 99 and sold at 107 since the 18th. I missed the first spike (sell price too high - by 0.5 BTC annoyingly!) and then just missed last night's dip (buy was at 101, and only 102 was reached). You can't win them all though!

Agreed, it is tough to stay out of this market, but doing so reluctantly.
ps - I almost did what you did at 100 (but held back :-( )

I only went half in and kept an order in at 85 as insurance. It was tricky to know which way it was going to go before the 18th (IMO), so I played it a bit safe!

wonkytonky

sr. member

Activity: 411

Merit: 250

what i think is happening.; big guy .. slowly bying up with 1k(ish) buys.. people think .. oh trend is changing.. lets buy..

big guy has put good bidvolume ..

now big guy bought high .... he knows price will not go much deeper then 80 ish ... so must atack from a higher price ..

big guy removes bidvolume..

dump enough coins to start panic selloff ..

we all think its cup and handle pattern right?

well maybe this can be true for the big player to even have the ability to sell at even higher price..

i'm still full fiat.. got bot ready to profit when we might have some shortterm up rally..
but looking at full orderbook , + asci miners having a lot of coins to sell lately... i'm not feeling it uptrending already..
although TA indicators are pretty good looking to me for some up trend..

this market is manipulated too much .. i'd say 1 more time bottom to start trend reversal or stability and slowly growing to the next bubble in januari

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Its About Sharing on June 20, 2013, 02:52:31 AM

Quote from: ShroomsKit on June 20, 2013, 02:48:46 AM

Quote from: Its About Sharing on June 20, 2013, 02:45:39 AM

Quote from: ShroomsKit on June 20, 2013, 02:43:54 AM

Quote from: Its About Sharing on June 20, 2013, 02:38:07 AM

Quote from: ShroomsKit on June 20, 2013, 01:54:46 AM

Quote from: Its About Sharing on June 20, 2013, 01:51:59 AM

Quote from: BitcoinAshley on June 19, 2013, 10:24:52 PM

Quote from: CoinEntropy on June 19, 2013, 10:17:23 PM

Quote from: juandiegon on June 19, 2013, 08:15:20 PM

It should begin going down as we are near a full moon.
http://i41.tinypic.com/a9o5td.png

Where is this graph from?

Actually, including moon cycles is a standard feature in nearly every bitcoin charting service... from bitcoinity to clarkmoody. Who needs complex indicators when you've got the tide on your side?

If the moon affects behavior enough to show marketable increases in crime, then why not buying behaviors? (Ever wonder where the word "Lunatic" came from?)
I know my dream intensity increases during full moons and I've seen too many children have trouble sleeping during them, so something does look like it is being affected.

We are not just walking around on a planet, we are a part of it and the Universe we live in. Our habits are influenced by everything,... grasshopper. Wink

(And then there is the Quantum Physics perspective if you prefer.)

More crime during full moon is a myth.
And there can be several reasons why you think you dream more intensly during full moon.

Sorry, but I studied crime in school at the bachelors and masters level. I've seen the numerous studies. The only counter argument that has any validity is that it is lighter outside during full moons, but criminals tend to like darker places...

You can comment upon anothers experiences but that is all you can do. It is quite individual. I'll go with the "primitive" peoples of the world who understand the dream world better. Speaking of, I have studied dreams for years and the correlation between full moons and dreaming is quite obvious. Now, if you practice recording dreams for 10+ years like me and you have first hand experience, then I'm all ears. But I have a feeling that most that comment, well, are just commenting.

Right, and now you are gonna back up your claims with proof right?

How about this, since this is the wall thread and I don't want to offend others outside their beliefs, you go back to yours and I'll just go back to mine...
Now most are happy.

What? No proof? Wow, now that's a surprise. Who would've guessed you's make up an excuse as doon as the proof part comes. I certainly didn't. Because none of your kind of believer has ever done such a thing before.

I studied it for years. You go do the same and then get back to me. (And I don't have the links right here with me, but if you are a disbeliever that is fine. I take no offense.)
I prefer not to even say I am a "believer", there is something called first hand experience, knowing and then of course just good old observation.
Hurry, the lady in the red dress returns...

Years of studies. You must have tons of proof which you are gonna share with us now right? It's all about sharing man. We're waiting.
And don't turn this around. You are the ones making crazy claims, not me.

420

hero member

Activity: 756

Merit: 500

wow that bitcoin price

click here if you want to throwup:
http://www.youtube.com/watch?v=LrUvu1mlWco

ShroomsKit

hero member

Activity: 672

Merit: 500

It's always the same bs with these type of people.
They make the most ridiculous claims that scienes has proven wrong over and over again.
Yet their will to believe is so strong they ignore everything that doesn't fit that same believe.

They all have done years of studies and have tons of proof but when it comes to sharing that proof they suddenly come up with one excuse after the other.

Seriously, i've seen this same story at least 300 times by now.
It's pathetic really.

I don't care what you believe but if you make ridiculous claims then back them up. If you know you can't then please stop spreading your nonsense.

Its About Sharing

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Activity: 1442

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Antifragile