Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33666. (Read 26496682 times)
May 07, 2013, 04:32:22 PM
Testing $110 again.
May 07, 2013, 04:32:15 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Does she accept Bitcoin ?
yes!
Great ! This wash, rinse, repeat cycle might feel better with some softener
May 07, 2013, 04:31:57 PM
Nice, option trading comes to bitcoin
http://www.sacbee.com/2013/05/07/5400935/anyoption-offers-bitcoin-options.html
Does that mean you can short it now?
http://www.sacbee.com/2013/05/07/5400935/anyoption-offers-bitcoin-options.html
Does that mean you can short it now?
May 07, 2013, 04:25:50 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Ahh thats cute. She's trying to impress you with her investment skills. She obviously looks up to you.
May 07, 2013, 04:24:24 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Does she accept Bitcoin ?
yes!
May 07, 2013, 04:23:51 PM
77k BTC needed to break $80.
The great consolidation is coming.
The great consolidation is coming.
14k BTC needed to break $120.
The great consolidation may be some time off.
May 07, 2013, 04:21:22 PM
May 07, 2013, 04:20:59 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
You shouldn't let her without supervision.
May 07, 2013, 04:20:40 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
Does she accept Bitcoin ?
May 07, 2013, 04:16:31 PM
my wife just bought into a pyramid scheme shes going to make $$$
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
HAHAHAHAHAHAHAHAHA
anyone need cleaning products?
May 07, 2013, 04:16:12 PM
Bid sum keeps rising.
Time for 125
Time for 125
May 07, 2013, 04:06:16 PM
Buyers are still there, and true bears seem to be running quite low on ammo
Only 170 KBTC on the exchange! My God, they are almost out!
Selling pressure is still there, and that's expected. Ask sum is high, but not near ATH nevertheless. But now take a look at the bid sum in the chart below, and then speak. $18M on Gox is a lot, compared to just a few months ago. That's a lot of bullets for the bulls.
Most people who rode the bubble has their fiat sitting there, waiting to buy back.
May 07, 2013, 04:06:07 PM
May 07, 2013, 03:59:05 PM
This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
Unless you are daltonic
May 07, 2013, 03:58:43 PM
This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
yes, it means someone bought from the ask
contrarian to selling into the bid
May 07, 2013, 03:56:50 PM
EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?
Looks like a bearish pennant.
Not sure: taken from http://www.trending123.com/patterns/bearish_pennant.html
Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally.
Volume
As the Pennant develops, the volume tends to decrease. Martin Pring notes in his book, Technical Analysis Explained, "a pennant is in effect a very small triangle. If anything, volume tends to contract even more during the formation of a pennant than during that of a flag." However, as with Flags, when the Pennant completes you will often observe a sharp spike in volume.
Duration of the Pattern
In his book, Technical Analysis of the Financial Markets, John J. Murphy identifies that Pennants and Flags are relatively short-term and should be completed within one to three weeks". He also notes that by comparison, the bullish patterns take longer to develop than the related bearish patterns.
Trading Considerations
Possibility of Price Reversal
In some rare cases, the price will break against the original price movement, and create a reversal trend. The pattern reversal may be signaled during the Pennant formation by an increase in volume, as opposed to the more typical decrease.
Duration of the Pattern
The duration of the pattern depends on the extent of the price fluctuations (consolidation). The greater the fluctuations, the longer a pattern will take to develop.
May 07, 2013, 03:55:59 PM
This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
In every trade one party purchases while the other sells. A green arrow means a buyer buys one of the outstanding sell orders (increasing the price), a red arrow means the opposite: a seller sells his coins to an outstanding offer lowering the price.
May 07, 2013, 03:55:28 PM
When you look at the chart going back a few months, it is pretty clear that that symmetrical like triangle is a part of the uptrend and NOT recent downtrend. Also, since it is symmetrical, that would be a good omen coming out of a big upmove. But I agree with you, I don't know. 
Uptrend? Where?
Oh you mean this:
C'mon, clearly a bubble!
Edit: And this, children, is why we use logarithmic charts.
May 07, 2013, 03:55:05 PM
110 wall about to be tested
May 07, 2013, 03:53:41 PM
This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
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