Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33711.

lebing

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Enabling the maximal migration

Quote from: Rampion on May 06, 2013, 10:44:11 AM

Quote from: seleme on May 06, 2013, 10:39:30 AM

Hehe, so strange to see rampion bullish at 120 Grin

I'm a bull long term, but short term I expected this bubble to capitulate further down as per Slippery Slope. Anyhow, after the last sell off to $80 (I expected going down to at least $60ish), I'm starting to think that visiting again $80 or below is unlikely, which of course contraddicts the strategy I decided to follow after April, 10th. The fact is that it looks like all the sellers already made their big sell offs. I'm still not going all in, I still keep my bids all the way down, I still think that the $90 to $120 rally we had during the weekend was a joke... But somehow I'm starting to realize that bears are running low of ammo, I kinda feel it.

Yeah the pattern is confirming it as well. Much easier to go above 200 than it is to go below 70.

Rampion

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Quote from: seleme on May 06, 2013, 10:55:37 AM

Quote from: Rampion on May 06, 2013, 10:44:11 AM

Quote from: seleme on May 06, 2013, 10:39:30 AM

Hehe, so strange to see rampion bullish at 120 Grin

I'm a bull long term, but short term I expected this bubble to capitulate further down as per Slippery Slope. Anyhow, after the last sell off to $80 (I expected going down to at least $60ish), I'm starting to think that visiting again $80 or below is unlikely, which of course contraddicts the strategy I decided to follow after April, 10th. The fact is that it looks like all the sellers already made their big sell offs. I'm still not going all in, I still keep my bids all the way down, I still think that the $90 to $120 rally we had during the weekend was a joke... But somehow I'm starting to realize that bears are running low of ammo, I kinda feel it.

Do whatever you think it's best mate but I wouldn't go with the line "seems all sellers have made big sell offs". We never know that. Panic is always one minute of happening.

Yeah, you are right. Something can go really bad with BTC and a panic sell can be triggered. Just remember what happened with the fork, imagine that it took longer to fix...

But the truth is that after the April, 10th crash we had days with HUGE volume. Damn, we had two days where we had ATH volume. I really believe the bigger sell off has already happened - and that was April, 16th, where we had +BTC550k sold. I could bet we won't have a single day with that volume in the next month, unless something really disruptive happens (I mean a really big technical problem, etc.)

Rampion

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Quote from: SlipperySlope on May 06, 2013, 10:50:56 AM

Quote from: cedivad on May 06, 2013, 10:12:43 AM

Manipulator... Everyone in this thread is a manipulator.

Even in multi-player zero-sum games there may be significant advantages to players, i.e. win-win situations, resulting from the sharing of noisy or misleading information.

I am here because I believe that what I learn helps me to multiply my bitcoins. I do not believe that what I say meaningfully affects the bitcoin exchange market, and the criticism my ideas receive is easier to accept than lessons taught solely by the market.

Believing that what we say in this thread can talk the price up or down is delusional.

We may have a couple of delusional guys in here who think they can manipulate the price with their talk, but we all know that's not happening Wink

seleme

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Duelbits.com

Quote from: Rampion on May 06, 2013, 10:44:11 AM

Quote from: seleme on May 06, 2013, 10:39:30 AM

Hehe, so strange to see rampion bullish at 120 Grin

I'm a bull long term, but short term I expected this bubble to capitulate further down as per Slippery Slope. Anyhow, after the last sell off to $80 (I expected going down to at least $60ish), I'm starting to think that visiting again $80 or below is unlikely, which of course contraddicts the strategy I decided to follow after April, 10th. The fact is that it looks like all the sellers already made their big sell offs. I'm still not going all in, I still keep my bids all the way down, I still think that the $90 to $120 rally we had during the weekend was a joke... But somehow I'm starting to realize that bears are running low of ammo, I kinda feel it.

Do whatever you think it's best mate but I wouldn't go with the line "seems all sellers have made big sell offs". We never know that. Panic is always one minute of happening.

SlipperySlope

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Stephen Reed

Quote from: cedivad on May 06, 2013, 10:12:43 AM

Manipulator... Everyone in this thread is a manipulator.

Even in multi-player zero-sum games there may be significant advantages to players, i.e. win-win situations, resulting from the sharing of noisy or misleading information.

I am here because I believe that what I learn helps me to multiply my bitcoins. I do not believe that what I say meaningfully affects the bitcoin exchange market, and the criticism my ideas receive is easier to accept than lessons taught solely by the market.

dexX7

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Seems like there aren't many who think they should sell now. Volume is gone. The jumps between 115-122 happen, because there are almost no coins. One bigger sell/buy and it's instantly +-5.

Rampion

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Quote from: seleme on May 06, 2013, 10:39:30 AM

Hehe, so strange to see rampion bullish at 120 Grin

I'm a bull long term, but short term I expected this bubble to capitulate further down as per Slippery Slope. Anyhow, after the last sell off to $80 (I expected going down to at least $60ish), I'm starting to think that visiting again $80 or below is unlikely, which of course contraddicts the strategy I decided to follow after April, 10th. The fact is that it looks like all the sellers already made their big sell offs. I'm still not going all in, I still keep my bids all the way down, I still think that the $90 to $120 rally we had during the weekend was a joke... But somehow I'm starting to realize that bears are running low of ammo, I kinda feel it.

AmazonStuff

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seleme

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Duelbits.com

Hehe, so strange to see rampion bullish at 120 Grin

Rampion

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Man, where are all the bears? This is all the bullets they have? None of my bids got filled, and I had one at $116... How is that possible? I got goxxed?

seleme

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Duelbits.com

Manipulators, manipulators everywhere Grin

Apraksin

sr. member

Activity: 420

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Moon?

Huzzah! Just got my funds on Gox, now the price can drop!

Multifarious

newbie

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Quote from: cedivad on May 06, 2013, 10:12:43 AM

Manipulator... Everyone in this thread is a manipulator.

And the consensus: PLEASE GIVE ME YUR CHEEP CONIZ.

NamelessOne

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Quote from: xorglub on May 06, 2013, 10:14:03 AM

As Eurotrash said, the rice is not going to sink straight to the bottom. Patience...

Though the fact so many of us here expected this dump, may have a dampening effect.

I agree, the rice never sinks straight to the bottom, it always seems to float for a bit! Tongue

xorglub

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As Eurotrash said, the rice is not going to sink straight to the bottom. Patience...

Though the fact so many of us here expected this dump, may have a dampening effect.

cedivad

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Manipulator... Everyone in this thread is a manipulator.

SAQ

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Quote from: elux on May 06, 2013, 10:06:27 AM

Quote from: SAQ on May 06, 2013, 10:03:17 AM

I didn't mean just touching it, I meant make the price hover around some lower point than 120.

But yeah its around 117 - 118 now. Still, I sense bear weakness and bulls holding ground.

http://www.reddit.com/r/SilkRoad/comments/1ds1bo/dpr_is_the_fucking_boss/

Nice. Silk Road fully up.

It seems to me things are heating up for the next leg up to 135.

Will it be this evening or tomorrow though?

seleme

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Quote from: Rampion on May 06, 2013, 10:00:32 AM

Quote from: NamelessOne on May 06, 2013, 09:58:25 AM

Quote from: SAQ on May 06, 2013, 09:57:46 AM

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at?

Man, they took it down to 115, but it doesn't seem they have enough bullet to even test $100 ATM.

When did you become a bull? Grin

108-125 was in 24h, 125 to 115 in 20 minutes though.

EuroTrash

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Quote from: underground_ on May 06, 2013, 09:56:12 AM

Quote from: Rampion on May 06, 2013, 09:55:17 AM

Team red is running low on ammo, folks...

Nope. Just getting started. Grin

Here's my points

1. Gox is still the price setter. Not bitstamp nor btcchina. Gox still rules (unfortunately).
2. No fresh money has arrived on Gox yet. It is late night over there after 5 days with banks closed.

So if bulls have run out of ammo and bears too - which is likely so after 5 days with no fresh money coming in - mostly pigs are still trading, chaotically battling over a few coins. In these conditions price has to fall slightly*.
Because dollars are silently being peeled by Gox fees at every change of hands of every single satoshi.

Comments anyone?

* EDIT: for the next few hours I mean. After that I have no idea what will happen.

elux

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Quote from: SAQ on May 06, 2013, 10:03:17 AM

I didn't mean just touching it, I meant make the price hover around some lower point than 120.

But yeah its around 117 - 118 now. Still, I sense bear weakness and bulls holding ground.

http://www.reddit.com/r/SilkRoad/comments/1ds1bo/dpr_is_the_fucking_boss/

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33711. (Read 26497360 times)