i just dont think anything has changed to cause a rally.
until mass adoption starts imo btc is over valued. The legislation side of things worries me still.
we will see how this plays out, but im not buying yet.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33092. (Read 26496863 times)
June 18, 2013, 07:34:58 AM
June 18, 2013, 07:34:39 AM
Good luck to all who are in. I'm staying out for now, it looks like standard tactics to raise the price with a big wall prior to a dump
Wall only appeared after several pretty large market orders brought the price above $106. Walzilla had nothing to do with this rise. And he already disappeared it seems, I hope he realized he is not needed nor wanted. It's buy or stay out.
June 18, 2013, 07:32:27 AM
With all the speculators on this forum claiming to have sold out waiting for 50, it was pretty obvious we weren't going anywhere near there (barring a major news event that causes a fundamental price re-eval). But the prevailing bearish sentiment is still pushing the price down. But at the same time, China is still building demand and it looks like the USG has completed its roundup of non-compliant sites...
Soon we will be in a situation where the incumbent speculators are going to be fighting the newcomers for coins
.
But is today's breakout the beginning?
Take a look at the volume for the past week and note the transition from sell-to-buy, starting right after the dump from 110:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv
Soon we will be in a situation where the incumbent speculators are going to be fighting the newcomers for coins
. But is today's breakout the beginning?
Take a look at the volume for the past week and note the transition from sell-to-buy, starting right after the dump from 110:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv
Some medium-term indicators (weeks) look as if it was a drop for us, and a rise as we saw in May:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zi1gMACDzi2gMFIzi3gStochRSIzv
but the way to somewhere from 115 to 120 is still only one of several options for me ...
June 18, 2013, 07:32:17 AM
Wallzilla is popping in and out of existence. Must be the lag, having difficulty accessing Gox.
I wish the tool with that amount of cash would just buy bitcoins
I wish the tool with that amount of cash would just buy bitcoins
June 18, 2013, 07:31:23 AM
Good luck to all who are in. I'm staying out for now, it looks like standard tactics to raise the price with a big wall prior to a dump
Big dump wouldn't keep the price down for long today... unless you really do want to wait to buy in in 8-ish days time at $180 ?
June 18, 2013, 07:30:03 AM
am i missing something? i still see him there
Webtracker... June 18, 2013, 07:28:08 AM
am i missing something? i still see him there
June 18, 2013, 07:26:28 AM
Bye Bye Mr Wallzilla.. Will miss you 
June 18, 2013, 07:25:16 AM
The G8 talks are currently being held in UK and this story is getting quite a bit of airtime on BBC at the moment:
http://www.bbc.co.uk/news/business-22948369
Washington is continuing to put pressure on Swiss banks to hand over details of US bank account holders. Potentially, account holders could end up looking for another anonymous place to store their wealth. Maybe bitcoin could benefit...
http://www.bbc.co.uk/news/business-22948369
Washington is continuing to put pressure on Swiss banks to hand over details of US bank account holders. Potentially, account holders could end up looking for another anonymous place to store their wealth. Maybe bitcoin could benefit...
June 18, 2013, 07:25:06 AM
Good luck to all who are in. I'm staying out for now, it looks like standard tactics to raise the price with a big wall prior to a dump
June 18, 2013, 07:24:07 AM
wallzila left.
June 18, 2013, 07:23:51 AM
With all the speculators on this forum claiming to have sold out waiting for 50, it was pretty obvious we weren't going anywhere near there (barring a major news event that causes a fundamental price re-eval). But the prevailing bearish sentiment is still pushing the price down. But at the same time, China is still building demand and it looks like the USG has completed its roundup of non-compliant sites...
Soon we will be in a situation where the incumbent speculators are going to be fighting the newcomers for coins.
But is today's breakout the beginning?
Take a look at the volume for the past week and note the transition from sell-to-buy, starting right after the dump from 110:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv
Soon we will be in a situation where the incumbent speculators are going to be fighting the newcomers for coins
. But is today's breakout the beginning?
Take a look at the volume for the past week and note the transition from sell-to-buy, starting right after the dump from 110:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv
June 18, 2013, 07:18:57 AM
This isn't the "big" breakout I was talking about yesterday, but it is a breakout in it's own right.
People are way too scared for big dumps for such a big breakout to happen. Confidence needs to be restored first and that takes quite a bit of time.
June 18, 2013, 07:17:33 AM
still $ 63 and it will be 180, as predicted by Adam 
June 18, 2013, 07:15:11 AM
sucker rally
That's what the people left behind always say.
June 18, 2013, 07:14:33 AM
wallzila on 104.5 are we rly going up?? 
wallzila wants you to buy his sells..
hahah you think i dont know that^^ that's why i said "are we rly going up" bcs imo wallzila on bid wall = super down =)
June 18, 2013, 07:14:16 AM
Rpitiela Rpitiela Rpitiela! I summon you! Your breakout is here, now is the time to buy!
June 18, 2013, 07:13:50 AM
sucker rally
June 18, 2013, 07:12:40 AM
Notice how we never get any wall images anymore ??
think I blame chart buddy.
think I blame chart buddy.
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