Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33598. (Read 26495238 times)
May 10, 2013, 08:00:49 AM
The breakthrough launched as it approached the rising support, with relatively moderate-high wall-busting volume.
May 10, 2013, 07:58:14 AM
The build up from China? Timing seems right. I thought the price was going down but this could be a HUGE rally!!! Congrats bulls! 
we need to break 125$
if we can.. booooooom!! 
May 10, 2013, 07:56:52 AM
I'm a bear in denial.
May 10, 2013, 07:56:27 AM
Could be the Avalon reference design release today.
https://bitcointalksearch.org/topic/release-avalon-reference-200668
https://bitcointalksearch.org/topic/release-avalon-reference-200668
May 10, 2013, 07:55:12 AM
I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
I wouldn't be so sure about that, the total hashrate and difficulty will go up so fast will all these new ASIC's hitting the market that you will feel forced to invest more and more into mining equipment. It's a king of the hill battle with a neverending slope upwards and no top. Good luck with that, only the ones somewhere high up the hill will be able to make a good profit.
May 10, 2013, 07:53:14 AM
The build up from China? Timing seems right. I thought the price was going down but this could be a HUGE rally!!! Congrats bulls!
May 10, 2013, 07:51:31 AM
You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!
I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
Let me tell you that your trading plan was too good to be true. Was impossible.
Good luck with the mining.
May 10, 2013, 07:51:13 AM
You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!
I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
Fair enough, sounds like a good plan. The gift that keeps on giving. I'd have opted for 3x7950 though and kept a few BTC in change! Good luck
May 10, 2013, 07:49:27 AM
You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!
I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
May 10, 2013, 07:45:06 AM
The Bitcoin market is more polar.
i.e.
Depending on the frequency of steps in the polar graph.i.e.
I've mastered Bitcoin trading with this pattern.....
you can plot a slight variation over the complex plane in a much more insightful way:
code in Sage:
Code:
var('x y'); complex_plot((x*sin(2 * x^2)^3), (x,-2,2), (y, -2, 2), plot_points=300)Nice. Good tip.
I will be sure to place all of my asks in the black hole region.
May 10, 2013, 07:43:06 AM
You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!
May 10, 2013, 07:35:04 AM
You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
May 10, 2013, 07:34:19 AM
Wow, ok.
May 10, 2013, 07:33:23 AM
this
edit:
anyone thinking the wall could be fake? at ask side?
edit:
anyone thinking the wall could be fake? at ask side?
Since $114, almost none of the walls have been fake. In fact more asks have piled on the whole way up. Those were people who locked in at a set profit and were going to wait for the bulls to pay them off. Which makes the rally that much more impressive, a hell of a lot of buying in a very short span. The bid wall has been very agressive, keeping right on the edge. Very little backtracking, the buying pressure just kept building and blew threw the asks.
The market reacting well to good news, who woulda thunk it.
May 10, 2013, 07:33:03 AM
Wall moves to 125
May 10, 2013, 07:32:05 AM
Moving a chunk of my coins back onto Gox, that should see me a nice gain today
I suspect I'm not alone in this, I'd see that as a bullish signal :p
I suspect I'm not alone in this, I'd see that as a bullish signal :p
May 10, 2013, 07:30:40 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.
Hat tip to molecular. Green arrow scenario underway...
May 10, 2013, 07:30:25 AM
It is better to buy late than not buying at all. All-in mode is on!
May 10, 2013, 07:28:59 AM
May 10, 2013, 07:28:12 AM
Alright I'm in. 50/50 though.
Let's take down $120..YES! Being a bull is so awesome. I feel so alive. Hasta la Bitcoin, Baby.
Let's take down $120..YES! Being a bull is so awesome. I feel so alive. Hasta la Bitcoin, Baby.
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