Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33687.

adamstgBit

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Quote from: Brushan on April 24, 2013, 01:49:31 PM

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

all the bear encourage each other, sometimes they get overly excited...

then they go to bed and dream of 25cent bitcoin, and all the bears on the other side of the world behave exactly the same way.

NamelessOne

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Quote from: Jaroslaw on April 24, 2013, 01:49:40 PM

Quote from: NamelessOne on April 24, 2013, 01:47:12 PM

Quote from: Sword Smith on April 24, 2013, 01:42:43 PM

Quote from: Sword Smith on April 24, 2013, 01:29:43 PM

Quote from: Sword Smith on April 24, 2013, 01:27:04 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

Rather 153, dead cat bounce

I don't think two minute time frames get to count as dead cat bounces. haha

Jaroslaw

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supernode

Quote from: NamelessOne on April 24, 2013, 01:47:12 PM

Quote from: Sword Smith on April 24, 2013, 01:42:43 PM

Quote from: Sword Smith on April 24, 2013, 01:29:43 PM

Quote from: Sword Smith on April 24, 2013, 01:27:04 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

Rather 153, dead cat bounce

Brushan

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It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

NamelessOne

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Quote from: Sword Smith on April 24, 2013, 01:42:43 PM

Quote from: Sword Smith on April 24, 2013, 01:29:43 PM

Quote from: Sword Smith on April 24, 2013, 01:27:04 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

DougTanner

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I <3 this graph. Kiss

needmorecoins

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Quote from: Rothgar on April 24, 2013, 01:44:40 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

My own independent analysis comes to this same conclusion. The price will go down or up.

lol

Rothgar

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Tune in to Neocash Radio

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

My own independent analysis comes to this same conclusion. The price will go down or up.

Sword Smith

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Neptune, Scalable Privacy

Quote from: Sword Smith on April 24, 2013, 01:29:43 PM

Quote from: Sword Smith on April 24, 2013, 01:27:04 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

Quote from: arnoldrimmer on April 24, 2013, 01:31:16 PM

Panic Sell on the Way!!!

i really don't think so, bears falling into the trap, good show!

arnoldrimmer

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Panic Sell on the Way!!!

DougTanner

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Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

It usually means the volume is about to pick up, and when the volume picks up it usually causes the price to change quickly in one direction.

If you could properly gage market confidence I guess most of the time you could predict the direction. I'm just posting triangles for fun though, I'm not actually trying to trade based on them, my bot is handling that Cool

Example:

Sword Smith

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Quote from: Sword Smith on April 24, 2013, 01:27:04 PM

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

Sword Smith

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Activity: 406

Merit: 286

Neptune, Scalable Privacy

Quote from: Brushan on April 24, 2013, 01:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Brushan

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So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Kazu on April 24, 2013, 01:19:17 PM

Quote from: DougTanner on April 24, 2013, 01:17:53 PM

Calming down a bit. Where to now?

Hopefully down.

Pray to the bitcoin bear god.

lol

You will need it. Tongue

Kazu

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Quote from: DougTanner on April 24, 2013, 01:17:53 PM

Calming down a bit. Where to now?

Hopefully down.

DougTanner

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Calming down a bit. Where to now?

smoothie

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LEALANA Bitcoin Grim Reaper

Fake bull trap = bear trap lol

needmorecoins

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I hate looking at charts....just makes me sad knowing i could've profit.... =(

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