Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33224. (Read 26464098 times)
May 24, 2013, 09:18:20 PM
Although I'm a huge bull and all in, I don't think the value of bitcoin should be rising that fast. The infrastructure just isn't ready for it and new hyperbolic growth will only attract the wrong crowd of people who think they can get rich fast and don't really care about bitcoin itself. Slow and steady growth would be best for long term holders and for bitcoin.
May 24, 2013, 09:03:16 PM
PS: if you're a bear now would be a good time to sell.
Double top?
Or rather: on what do you base this?
I base my analyst purely on intuition and emotion
I feel its make or break time in bitcoin speculation world.
next week will be a big deal no matter what happens.
there will be no stability, thats for sure.
bears have a distinct advantage as no one has a clue what resistance will be like at and above 150
I think resistance will be minimal and we will cost up and over 200 with ease, but breaking the resistance at 130 140 is key to victory!
bears either show their teeth here and now or the bear pack will spread out and head for the hills, making them an as benign as a 500 btc wall 5$ over spot.
May 24, 2013, 09:01:35 PM
May 24, 2013, 08:22:55 PM
PS: if you're a bear now would be a good time to sell.
Double top?
Or rather: on what do you base this?
May 24, 2013, 08:22:23 PM
This rally is just a taste of next week's action IMO.
Inb4 flatline week.
May 24, 2013, 08:22:18 PM
PS: if you're a bear now would be a good time to sell.
May 24, 2013, 08:15:43 PM
I hope we'll see stability in the 130's this weekend
130's definitely has some resistance, it would make sense to pause there some time to accumulate coins.
This rally is just a taste of next week's action IMO.
130's definitely has some resistance, it would make sense to pause there some time to accumulate coins.
This rally is just a taste of next week's action IMO.
May 24, 2013, 08:13:33 PM
Please party on without me. 
I'm finished trading for the day. It's after midnight here, and it was quite a headache to get in once mt.gox started creeping upwards again (was 1/3 in fiat) since bitstamp reacted really fast this time around.
Luckily a 400BTC bidwall appeared, which is still creeping downward. At 128.1 I couldn't resist anymore and bought in again.
I'm finished trading for the day. It's after midnight here, and it was quite a headache to get in once mt.gox started creeping upwards again (was 1/3 in fiat) since bitstamp reacted really fast this time around.
Luckily a 400BTC bidwall appeared, which is still creeping downward. At 128.1 I couldn't resist anymore and bought in again.
May 24, 2013, 08:06:32 PM
I'm mixing the drinks...what will it be tonight Frozenlock?
Coffee bailey for me, I need to stay alert to savor this volatility.
May 24, 2013, 08:01:27 PM
May 24, 2013, 07:59:11 PM
I'm mixing the drinks...what will it be tonight Frozenlock?
May 24, 2013, 07:49:52 PM
Looks like there is a party going on here!
Cool, I love parties
Cool, I love parties
May 24, 2013, 07:01:33 PM
May 24, 2013, 06:45:45 PM
It's not as if someone could paint the tape for such a time interval anyway.
Oh, wait...
Oh, wait...
May 24, 2013, 06:39:40 PM
Looks like a head and shoulders forming....watch for the width of that right shoulder.
If the neckline breaks, the pattern and trend reversal is confirmed, before that the neckline can be considered as support.
May 24, 2013, 06:35:11 PM
My second proposal of the day is to rename the "head and shoulders top" pattern to the "Mt Gox" pattern....it looks like a small mountain range if you squint and it also exemplifies the true meaning of disappointment.
May 24, 2013, 06:24:32 PM
I don't think so, but many here are trading on 1.5% profit...
bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
I am long term bullish, and so try to stay in bitcoins. But whenever I see a chance to increase my bitcoin holdings by selling/rebuying, I'll do so. Otherwise, there would be little point in watching the charts and walls, now would there?
I believe in the effects of compound interest
May 24, 2013, 06:18:53 PM
I don't think so, but many here are trading on 1.5% profit...
bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
May 24, 2013, 06:13:08 PM
bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5
May 24, 2013, 06:12:04 PM
$126.5 at Bitstamp now, looks like a good price to buy in if you're still out.
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