Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33836.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: arepo on May 01, 2013, 05:14:36 AM

Quote from: solex on May 01, 2013, 05:07:29 AM

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

Agreed. Those weekly candles clearly show the market stabilizing after a buying ramp which got out of control. Personally,I expect a slow climb from $100, perhaps regaining the $266 high, and keeping it, by the end of this year.

Quote from: rpietila on May 01, 2013, 05:14:07 AM

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: solex on May 01, 2013, 05:07:29 AM

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: arepo on May 01, 2013, 04:01:05 AM

this means bullish for the long-term, which i can agree with. unfortunately we are severely short-term overbought, are in the midst of a minibear, and are encroaching on an extremely important mid-term support. if you really want the market to do what you want, take your cash and put a wall at $120, else we'll possibly crash right through later today.

Well, since I think the number of bitcoins is important, and not the price of them:

- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.

- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).

I will soon go to the spa wing. Nobody bit the offer for cheap puts Sad

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

I enjoy following the bitcoinchannel.com buy. I can read candlesticks fairly well but was never much into looking at the market strength (buys and sells) as a whole - I know, bad, partial picture but the candlesticks and a few indicators always did me well.

Anyway, looking at the market on clarkmoody's site:

Looking for that 100k volume on the buy and sell side - It just moved off $70 on the buy to $65 (a bit bearish). The sell side is on $220 at 100k - keep an eye on that. Total sales have been creeping up since post crash (I don't have the exact dates as have been following it only a couple of times a week.)

Some key figures on the buy and sell side ($70 buy and $300 sell) show that more sellers are coming in at those levels and the buyers are dropping. It is not a huge number so I tend to agree with the bitcoinchannel.com guy that short term things look bearish. Nothing that would make me sell my long term stash.

Can anyone add anything here as it's the part I'm still learning... Huh

IAS

ManBearPig

sr. member

Activity: 350

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"Don't go in the trollbox, trollbox, trollbox"

Quote from: arepo on May 01, 2013, 04:41:54 AM

Quote from: ManBearPig on May 01, 2013, 04:40:03 AM

Quote from: el_rlee on May 01, 2013, 04:06:54 AM

It's astonishing what a little DDOS and an even smaller dump can do

Erm no, there has been no DDoS on Mt Gox for days now.

there was a DDoS performed by what seemed like a bot for about 15 min that brought gox lag up to approx. 10 min.

this occurred a few hours ago.

Can we be sure something that brief was a DDoS? Gox IS really bad at handling volume.

N12

donator

Activity: 1610

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DDoS = Distributed Denial of Selloffs

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: AmazonStuff on May 01, 2013, 04:42:23 AM

IMHO $125 is VERY important, I will say just that, of course I'm not analyst and don't listen to me.

i am an analyst and i concur Wink

if we break $125, we're going to test $120 again. bulls better hope that holds, or else there be bears ahead.

AmazonStuff

hero member

Activity: 628

Merit: 500

Quote from: ?? on ??

Quote from: AmazonStuff on May 01, 2013, 04:28:35 AM

Quote from: ?? on ??

Quote from: AmazonStuff on May 01, 2013, 04:23:48 AM

Next 12h are very important...

why? may day and all that?

Indicators are screaming

what are they screaming?

IMHO $125 is VERY important, I will say just that, of course I'm not analyst and don't listen to me.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: ManBearPig on May 01, 2013, 04:40:03 AM

Quote from: el_rlee on May 01, 2013, 04:06:54 AM

It's astonishing what a little DDOS and an even smaller dump can do

Erm no, there has been no DDoS on Mt Gox for days now.

there was a DDoS performed by what seemed like a bot for about 15 min that brought gox lag up to approx. 10 min.

this occurred a few hours ago.

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: Rampion on May 01, 2013, 04:37:55 AM

Arepo is stating facts. Don't really know why some of you are so shure on the sort term bull, when everything logically leads to the opposite.

+1

On the other side it looks like that rpietila can only profit when the market goes up; if so, he should take a one month long holiday.

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Quote from: Rampion on May 01, 2013, 04:37:55 AM

Arepo is stating facts. Don't really know why some of you are so shure on the sort term bull, when everything logically leads to the opposite.

because they buy bitcoins at 150-160$ and loosking money... haha

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: el_rlee on May 01, 2013, 04:06:54 AM

It's astonishing what a little DDOS and an even smaller dump can do

Erm no, there has been no DDoS on Mt Gox for days now.

What you saw was Gox not being able to handle more than a few dozen simultaneous trades along with some selling off.

Rampion

legendary

Activity: 1148

Merit: 1018

Arepo is stating facts. Don't really know why some of you are so shure on the sort term bull, when everything logically leads to the opposite.

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Quote from: ?? on ??

Quote from: AmazonStuff on May 01, 2013, 04:28:35 AM

Quote from: ?? on ??

Quote from: AmazonStuff on May 01, 2013, 04:23:48 AM

Next 12h are very important...

why? may day and all that?

Indicators are screaming

what are they screaming?

sell sell sell

Jaroslaw

member

Activity: 84

Merit: 10

supernode

testing 120$ wall soon Cheesy

i think its fake wall and will vanish

AmazonStuff

hero member

Activity: 628

Merit: 500

Quote from: ?? on ??

Quote from: AmazonStuff on May 01, 2013, 04:23:48 AM

Next 12h are very important...

why? may day and all that?

Indicators are screaming

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: el_rlee on May 01, 2013, 04:06:54 AM

It's astonishing what a little DDOS and an even smaller dump can do

ddos wasnt a ddos.. it was just gox lag..

also.. it's the bigger guys.. just playing with us..

if people would put up more interesting ask offers after a dump.. we would recover much faster.. .. but there's always a lack of interesting asks.. after a dump.. which induces even more selling..

guess who's gonne put ask offers at higher prices when they just bought at lower price? right.. them big dudes.. this cycle seems to be looping over and over again.. until the resistence seems to stop it.

and now .. we the idiots are going to buy them same coins back at higher price .. and make rich dudes even richer..

ronaldlee0917

full member

Activity: 238

Merit: 100

Is there really a ddos? I can rather trade smoothly, just picked up a few cheap bitcoins

AmazonStuff

hero member

Activity: 628

Merit: 500

Next 12h are very important...

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