Bid sum keeps racing towards the all time high and the wall at 111 has shown to not be fake.
It seems to me that if there are no bad news, the trend is up.
I thought yesterday we would be going down to 90, but 57, 79, 97 makes sense. Next bottom 120.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33652. (Read 26496393 times)
May 08, 2013, 07:22:01 AM
May 08, 2013, 07:19:02 AM
Good luck, wish I was in your position!
I don't want to do the demoralizer here, but i think that what you aim for is impossible.First of all, you should try to maximize your profits. If you don't do so, you will have burnt 10 days of lucky work with a single loss of 30% (that will certanly happen to you, sooner or later).
May 08, 2013, 07:18:27 AM
Barring decisive good or bad news, my best guess is we slide sideways in the range for a while (maybe a week or two), since there seem to be hard caps both on the upside and the downside for the short term: below $100 = instant buy, above $130 or $150 = strong incentive to take some profits since people remember the pain of being burned by the bubble.
After that, start to move toward $200.
After that, start to move toward $200.
this.
(but still think its up a bit in the short term)
May 08, 2013, 07:15:27 AM
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?
No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.
THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.
Good luck, wish I was in your position!
May 08, 2013, 07:08:17 AM
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?
No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.
THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.
Good luck my friend. Truly...no sarcasm.
May 08, 2013, 07:07:24 AM
May 08, 2013, 07:06:41 AM
Bids now over 20mm again, last time they were there we were over 150. We are going up.
Asks are way higher this time.
May 08, 2013, 07:05:21 AM
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?
No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.
THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.
May 08, 2013, 06:58:30 AM
Barring decisive good or bad news, my best guess is we slide sideways in the range for a while (maybe a week or two), since there seem to be hard caps both on the upside and the downside for the short term: below $100 = instant buy, above $130 or $150 = strong incentive to take some profits since people remember the pain of being burned by the bubble.
After that, start to move toward $200.
After that, start to move toward $200.
May 08, 2013, 06:57:02 AM
Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.
I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.
I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day)
The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.
* I bought those (literally) 15 minutes before it plunged from $250....
I hear ya man. I bought in with 5 btc at 183. Then I was in denial the entire time it plunged and didn't sell.
Don't sell. Put them away for 1 year.
I initially bought in at 92 and continued to buy all the way up to 183. I believe in the long term potential of bitcoin and think one day it will easily be worthy $500+, but I also want to prepare for the worst, just in case something happens and BTC goes completely dead. I am holding on the about half of my total BTC and playing day trader with the rest, hoping to win back some profit.
May 08, 2013, 06:54:42 AM
Bids now over 20mm again, last time they were there we were over 150. We are going up.
May 08, 2013, 06:53:14 AM
Good morning!
May 08, 2013, 06:47:25 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
Fake bid walls don't exist.
Not sure if sarcasm or not...
It's a joke. Read this a few days before in this thread.
The time is ticking, more triangle-ish trendlines are establishing:
May 08, 2013, 06:44:47 AM
112$ and 113$ marks are emptied by the rumbles bulls but they don't want to test the water. Come on, skin bear is so valuable
May 08, 2013, 06:44:00 AM
There goes the 7k bid wall - removed
May 08, 2013, 06:42:30 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
Fake bid walls don't exist.
Not sure if sarcasm or not...
Hope so
May 08, 2013, 06:42:07 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
If bears really want out, next REAL support is at $90.
Here the $90ish support:
If bears really want out, next REAL support is at $90.
Here the $90ish support:
Not happening. That 1.5 is now about 7.5k+BTC
True. No volume, but fighters taking their positions. There are some big balls bulls in the front lines. I will myself be a little bit more cautious and cover some positions in the rearguard at $104ish, and then I will put huge fire power from $90ish to $70ish.
What I can guarantee is I won't chicken out, my man will stand still where they are
Let's the battle begin...
May 08, 2013, 06:40:14 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
Fake bid walls don't exist.
Not sure if sarcasm or not...
May 08, 2013, 06:37:30 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
Fake bid walls don't exist.
May 08, 2013, 06:34:15 AM
I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.
If bears really want out, next REAL support is at $90.
Here the $90ish support:
If bears really want out, next REAL support is at $90.
Here the $90ish support:
Not happening. That 1.5 is now about 7.5k+BTC
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