This move however is squarely blocked by my ask in front of the wall at $105. Will it get eaten?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33764. (Read 26498346 times)
May 03, 2013, 07:21:28 PM
Breaking out of a triangle on the 15-min chart - in relatively thin volume. Technical analysts consider a low volume move to be less significant.
This move however is squarely blocked by my ask in front of the wall at $105. Will it get eaten?
This move however is squarely blocked by my ask in front of the wall at $105. Will it get eaten?
May 03, 2013, 07:12:50 PM
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
we can milk more cheap coins off these gummy bears
place bids and wait!
I thought you wanted it UP !! I was doing this just for you
this is a bit too fast...
OK, I will stick a 20k ask wall in just for you
May 03, 2013, 07:12:37 PM
May 03, 2013, 07:11:29 PM
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
we can milk more cheap coins off these gummy bears
place bids and wait!
I thought you wanted it UP !! I was doing this just for you
this is a bit too fast...
May 03, 2013, 07:09:51 PM
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
we can milk more cheap coins off these gummy bears
place bids and wait!
I thought you wanted it UP !! I was doing this just for you
May 03, 2013, 07:07:52 PM
take a break bulls!
we can milk more cheap coins off these gummy bears
place bids and wait!
we can milk more cheap coins off these gummy bears
place bids and wait!
May 03, 2013, 07:03:58 PM
May 03, 2013, 07:01:53 PM
Wait for me! I'm bringing the fuel!
May 03, 2013, 06:59:17 PM
What is the NEWS for this bull run?
The market is driven much more by sentiment right now. We were already in decline before the Silk Road or MtGox/Coinlab news. I think right now, people are feeling somewhat confident since we have gone so long without any downward manipulation. Not to mention the wall at 90 which has shown no sign of running away in the short term.
May 03, 2013, 06:58:13 PM
What is the NEWS for this bull run?
No news. Just a bunch of hungry pigs dreaming of $300k bitcoins.
May 03, 2013, 06:57:11 PM
May 03, 2013, 06:55:29 PM
What is the NEWS for this bull run?
May 03, 2013, 06:54:28 PM
The wall did the stuff for now, it's a fair sized one so it's not easy one to break so people are thinking "I'm going to wait to see how will this go". It might even work, who knows but it definitely saved the price to not crash again for now..
This is what we need, more benevolent manipulators . . .
May 03, 2013, 06:53:45 PM
May 03, 2013, 06:51:44 PM
It's a trap!
May 03, 2013, 06:49:57 PM
up Up UP!
May 03, 2013, 06:49:51 PM
Hail The King 
May 03, 2013, 06:49:50 PM
My gut feelings (no technical analysis here):
Personally I wouldn't mind going way below $80 (no fear till $25), I still wish to increase my BTC position - the cheaper the better
- we may test $80 soon, but if it's not falling we will stabilize around $100 and go up from there
- if $80 falls we will have a mid term bear market, with bottom further down than mostly expect
- long term, and unless something disruptive happens (for eg. superior crypto taking over) Bitcoin can only go up
Personally I wouldn't mind going way below $80 (no fear till $25), I still wish to increase my BTC position - the cheaper the better
Who is going to test $80? There are no more sellers left. The price has not stayed still for more than an hour for the past 3 days at least. There had been a constant selling pressure. There has been no selling pressure since 8 hours ago. To me it seems that there are no sellers left.
The wall did the stuff for now, it's a fair sized one so it's not easy one to break so people are thinking "I'm going to wait to see how will this go". It might even work, who knows but it definitely saved the price to not crash again for now..
And lately we have had huge volume indeed. Biggest sell off after 2011 bubble was in November, with 400K in one day... And in 2013 we had two days with aprox. 500K volume each only after the burst, so it's very possible that $50 is indeed the bottom. Despite of the "this is like 2011" posts, I believe we will have a much faster recovery, and I won't be surprised if we don't break $80 and we go up from now on.
May 03, 2013, 06:46:34 PM
*10-day 2-hour scale*
-===-
we've reached a short-term bottom. rebound is likely, CCI will reach to its recent high (at about -50), and then likely bounce. this corresponds with a price of about $100. if we break through this resistance, we could see as high as $125, although mitigating factors like low liquidity on weekends may affect these values.
-===-
we've reached a short-term bottom. rebound is likely, CCI will reach to its recent high (at about -50), and then likely bounce. this corresponds with a price of about $100. if we break through this resistance, we could see as high as $125, although mitigating factors like low liquidity on weekends may affect these values.
-===-
and we're off...
-===-
May 03, 2013, 06:46:11 PM
This is probably the start of the rally to $105.
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