Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33447.

SAQ

newbie

Activity: 56

Merit: 0

Quote from: fitty on May 08, 2013, 05:37:25 PM

Quote from: SAQ on May 08, 2013, 05:27:45 PM

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118.

The volume is almost half of what it was during the weekend though.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: tHash on May 08, 2013, 05:35:00 PM

Quote from: fourkey2001 on May 08, 2013, 05:15:51 PM

Push the buying...this will fall like crazy!

113 now... Nothing to push it up. BTC has lost the faith at higher prices.

We want a stable currency not a crazy one.

Let it go down and it will be stable then.

It is stabilizing, right where we are.

You might say that BTC has gained the faith at any lower prices. It's called consolidation. If bid sum was falling during consolidation, then we would see a breakout downwards. It has however been rising. More likely to breakout upwards, only there is no way to know. I am still not all in . . .

There is way too much support growing to ever see the prices you seem to want. The only reason to want the price down is so that you can buy in, and then what? Celebrate when it goes up 150%? It makes more sense that you buy in now, and gain 150% from here, and it would be better for BTC if you buy in now and "only" realize a 50% increase.

If BTC goes down as much as you want, it will do anything but stabilize.

Good points

And yeah, he wants the price to go down so he can buy more, that's what I'm saying: bulls disguised as bears everywhere

sohd

newbie

Activity: 42

Merit: 0

http://www.sierrachart.com/image.php?l=1368049095280.png

We could go up to the 120 if it goes up now?

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: SAQ on May 08, 2013, 05:27:45 PM

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

MickeyT2008

sr. member

Activity: 350

Merit: 250

This account was recently hacked

Quote from: MickeyT2008 on May 08, 2013, 05:09:55 PM

It looks like things might begin to move now - I hope so as this is getting tedious

I suppose this wasn't entirely accurate

tHash

sr. member

Activity: 260

Merit: 250

Quote from: fourkey2001 on May 08, 2013, 05:15:51 PM

Push the buying...this will fall like crazy!

113 now... Nothing to push it up. BTC has lost the faith at higher prices.

We want a stable currency not a crazy one.

Let it go down and it will be stable then.

It is stabilizing, right where we are.

You might say that BTC has gained the faith at any lower prices. It's called consolidation. If bid sum was falling during consolidation, then we would see a breakout downwards. It has however been rising. More likely to breakout upwards, only there is no way to know. I am still not all in . . .

There is way too much support growing to ever see the prices you seem to want. The only reason to want the price down is so that you can buy in, and then what? Celebrate when it goes up 150%? It makes more sense that you buy in now, and gain 150% from here, and it would be better for BTC if you buy in now and "only" realize a 50% increase.

If BTC goes down as much as you want, it will do anything but stabilize.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Richy_T on May 08, 2013, 05:26:18 PM

Quote from: fourkey2001 on May 08, 2013, 05:15:51 PM

BTC has lost the faith at higher prices.

OTOH, it has shown it can go high. Might be a race to see who can pick the top.

Personally, I think some longer-term stability would be for the best but it'll do what it will do.

That's the pattern every time. Short massive growth bursts with long relatively stable/slightly descending periods. Slowly acquire coins and sit it out through the volatility.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: cedivad on May 08, 2013, 05:21:46 PM

BTW.. 320 pages of thread in 20 days?
It's a bubble!

The old one was more than one year old when it crossed 1000 pages...

Amazing!

I miss the old thread Sad

SAQ

newbie

Activity: 56

Merit: 0

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

hlynur

hero member

Activity: 770

Merit: 501

Quote from: cedivad on May 08, 2013, 05:21:46 PM

BTW.. 320 pages of thread in 20 days?
It's a bubble!

The old one was more than one year old when it crossed 1000 pages...

Amazing!

you forgot this is HARDCORE version. that old stuff was for the wimps Cheesy

...aaaand we had quite some bitchfighting going on.

Richy_T

legendary

Activity: 2534

Merit: 2245

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: fourkey2001 on May 08, 2013, 05:15:51 PM

BTC has lost the faith at higher prices.

OTOH, it has shown it can go high. Might be a race to see who can pick the top.

Personally, I think some longer-term stability would be for the best but it'll do what it will do.

cedivad

legendary

Activity: 1176

Merit: 1001

BTW.. 320 pages of thread in 20 days?
It's a bubble!

The old one was more than one year old when it crossed 1000 pages...

Amazing!

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: Jaques on May 08, 2013, 04:41:23 PM

Quote from: ?? on ??

I have updated my recent analysis (I can see why you guys have so much fun with this line drawing business)

While the tone is rather playful Cheesy

, the general gist of the above chart holds some weight in my opinion

it does ... +1

Liking the chart, never thought of putting choo choo trains on my charts yet Cheesy

fourkey2001

newbie

Activity: 42

Merit: 0

Quote from: cedivad on May 04, 2013, 05:17:08 PM

What beats everything is starting a rally with your wrong order and gaining instead of losing out of pure luck.

I admire your bot, Richie!

Push the buying...this will fall like crazy!

113 now... Nothing to push it up. BTC has lost the faith at higher prices.

We want a stable currency not a crazy one.

Let it go down and it will be stable then.

Rampion

legendary

Activity: 1148

Merit: 1018

Bears are loosing momentum. Bid sum creeping up, ask sum is stable ATM.

Kinda like this equilibrium. Delusional greed is coming to terms with reality, and irrational fear is being left behind. In the meantime, news on mainstream media are still positive, and much work is done in projects surrounding Bitcoin.

I'm starting to feel my inner bull tickling my buy button with his horn Cheesy

MickeyT2008

sr. member

Activity: 350

Merit: 250

This account was recently hacked

It looks like things might begin to move now - I hope so as this is getting tedious

Multifarious

newbie

Activity: 35

Merit: 0

Quote from: Quantum_Negatum on May 08, 2013, 04:41:38 PM

Quote from: fitty on May 08, 2013, 04:40:16 PM

Quote from: Quantum_Negatum on May 08, 2013, 04:28:18 PM

Quote from: ?? on ??

Quote from: Quantum_Negatum on May 08, 2013, 04:23:52 PM

Are we pretending more than 10% of the buy "support" under $100 is real? If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

As a member of the GoxBot collective I do not need to examine this any further. We know.

Pics or it didn't happen.

Quantum_Negatum

member

Activity: 84

Merit: 10

Quote from: bangersdad on May 08, 2013, 04:58:25 PM

Quote from: KillaMarci on May 08, 2013, 04:02:38 PM

I'm still thinking it's going to be a very very heavy sell off. I don't know man, just got this tickling feeling in my tummy. Sad

+1

Those tickles are nanoGoxBots slowly assimilating you. I look forward to our union.

bangersdad

full member

Activity: 227

Merit: 100

Quote from: KillaMarci on May 08, 2013, 04:02:38 PM

I'm still thinking it's going to be a very very heavy sell off. I don't know man, just got this tickling feeling in my tummy. Sad

+1

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Quantum_Negatum on May 08, 2013, 04:41:38 PM

Quote from: fitty on May 08, 2013, 04:40:16 PM

Quote from: Quantum_Negatum on May 08, 2013, 04:28:18 PM

Quote from: ?? on ??

Quote from: Quantum_Negatum on May 08, 2013, 04:23:52 PM

Are we pretending more than 10% of the buy "support" under $100 is real? If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

As a member of the GoxBot collective I do not need to examine this any further. We know.

OMG Skynet!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33447. (Read 26462067 times)