Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33434. (Read 26462166 times)
May 09, 2013, 07:14:02 AM
Sleep is for the weak.
May 09, 2013, 07:12:50 AM
A lot of bitcoin traders finally able to sleep/live life.
Dont speak too soon.
May 09, 2013, 07:12:40 AM
A lot of bitcoin traders finally able to sleep/live life.
Usually those who fall asleep or go out and enjoy life on low volume wake up / come back to a radically changed picture.
I'm not suggesting to not do that, though.
May 09, 2013, 07:12:30 AM
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
True, and that scenario exists (let's call it the "grey" scenario). That exhibition is not complete.
btw: I think "green" is most likely, followed by "grey", then "red", then "yellow". That might be based on wishful thinking, though.
I believe "grey" is most likely, then "red", then "green", then "yellow". Anyhow impossible to be sure ATM. Buying or selling now is just a gamble.
May 09, 2013, 07:10:57 AM
A lot of bitcoin traders finally able to sleep/live life.
May 09, 2013, 07:09:57 AM
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
True, and that scenario exists (let's call it the "grey" scenario). That exhibition of mine is not complete.
btw: I think "green" is most likely, followed by "grey", then "red", then "yellow". That might be based on wishful thinking, though.
May 09, 2013, 07:07:34 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
This is pretty much my analysis too. I think there's some real powerful resistance at $90, and that breaking $80 is very unlikely unless something disruptive happens and panic is triggered (this is always a possibility with a bleeding edge technology like Bitcoin).
I therefore believe that unless something negative happens we're headed towards a consolidation phase and not a bear market. But the truth is that only time will tell.
May 09, 2013, 07:05:51 AM
May 09, 2013, 07:02:54 AM
I dont think we will break out of $266 at least until November or December. That may even be too soon.
Hmm time will tell.
Hmm time will tell.
May 09, 2013, 07:01:32 AM
Next spike may be a long time coming.
Quoted for posterity
Fair enough
Shall I define that as a 100% spike in say a month? And say late summer? I'm digging myself deeper aren't I? I'll continue to be vague. Worked well for Nostradamus 
Rampion: yes with regards to BTC volume it's WAY down but I personally think it's more relevant to look as currency volume now that there are a lot of new hands on board.
May 09, 2013, 07:00:15 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
May 09, 2013, 06:57:31 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
Yep, this is what I've been thinking for awhile. Nice to see it backed up with definitions and looking quite fancy.
May 09, 2013, 06:47:17 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
May 09, 2013, 06:36:51 AM
http://www.sierrachart.com/image.php?l=1368095269568.png
$112 in ~5hours - and then?
$112 in ~5hours - and then?
May 09, 2013, 06:08:58 AM
Next spike may be a long time coming.
Quoted for posterity
May 09, 2013, 06:05:46 AM
May 09, 2013, 05:44:25 AM
mtgox api sums up bids and asks of same value, right?
is there a way to know how many orders a price in the wall consists of?
is there a way to know how many orders a price in the wall consists of?
May 09, 2013, 05:20:45 AM
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
Update: And the results are in:
6th highest US dollar volume for a Wednesday but only just tops the first couple of Wednesdays in the 5% daily rush we had.
Oh and sorry if I'm getting in the way of the action here zzzz....
Are you joking? This information is golden.
Honestly I prefer to look at the BTC volume - yesterday would be the second day with lowest BTC volume, after March 13th...
Tipping point ahead.
My feeling is that we're heading for consolidation and reasonable and sustainable growth. No bear market at sight IMO, but in any case I'm still keeping enough fiat to take any cheap coins that some crazy bear may dump.
May 09, 2013, 05:18:09 AM
I'd hesitantly offer that we are in the region of BTC's true value. And it just about has 3 figures.
Let's build a base for some long, slow but steady growth through the summer.
Next spike may be a long time coming.
Let's build a base for some long, slow but steady growth through the summer.
Next spike may be a long time coming.
May 09, 2013, 05:16:30 AM
Didn't check the data, but I'm the only one feeling this is the Wednesday with lowest volume in 2013? We had many weekends with more volume than this.
Update: And the results are in:
6th highest US dollar volume for a Wednesday but only just tops the first couple of Wednesdays in the 5% daily rush we had.
Oh and sorry if I'm getting in the way of the action here zzzz....
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