Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33851.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Zangelbert Bingledack on May 08, 2013, 06:58:30 AM

Barring decisive good or bad news, my best guess is we slide sideways in the range for a while (maybe a week or two), since there seem to be hard caps both on the upside and the downside for the short term: below $100 = instant buy, above $130 or $150 = strong incentive to take some profits since people remember the pain of being burned by the bubble.

After that, start to move toward $200.

this.

(but still think its up a bit in the short term)

billington.mark

full member

Activity: 153

Merit: 100

Quote from: oroboras on May 08, 2013, 07:05:21 AM

Quote from: Rampion on May 08, 2013, 01:03:06 AM

Quote from: oroboras on May 07, 2013, 08:07:10 PM

Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.

I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.

I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) Sad

The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.

* I bought those (literally) 15 minutes before it plunged from $250....

You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?

No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.

THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.

Good luck, wish I was in your position!

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: oroboras on May 08, 2013, 07:05:21 AM

Quote from: Rampion on May 08, 2013, 01:03:06 AM

Quote from: oroboras on May 07, 2013, 08:07:10 PM

Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.

I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.

I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) Sad

The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.

* I bought those (literally) 15 minutes before it plunged from $250....

You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?

No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.

THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.

Good luck my friend. Truly...no sarcasm.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

notme

legendary

Activity: 1904

Merit: 1002

Quote from: lebing on May 08, 2013, 06:54:42 AM

Bids now over 20mm again, last time they were there we were over 150. We are going up.

Asks are way higher this time.

oroboras

full member

Activity: 238

Merit: 100

Quote from: Rampion on May 08, 2013, 01:03:06 AM

Quote from: oroboras on May 07, 2013, 08:07:10 PM

Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.

I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.

I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) Sad

The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.

* I bought those (literally) 15 minutes before it plunged from $250....

You are really saying you want to quit your job and live on trading 16.7BTC? I don't understand. How much money do you need to live per month? $300?

No, what I am saying is... if i can make a 3-4% profit every day - after roughly 140 days, I'd have approx. 1000 BTC. THEN I can quit work - as a 1% profit (after fees) every day would get me 10BTC per day - or (at todays prices) $1200 per day.

THAT is why I'm willing to do little trades for now, just to get to that target. - THEN I can quit my job.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Barring decisive good or bad news, my best guess is we slide sideways in the range for a while (maybe a week or two), since there seem to be hard caps both on the upside and the downside for the short term: below $100 = instant buy, above $130 or $150 = strong incentive to take some profits since people remember the pain of being burned by the bubble.

After that, start to move toward $200.

True___Blue

sr. member

Activity: 354

Merit: 250

Quote from: wobber on May 07, 2013, 10:03:19 PM

Quote from: True___Blue on May 07, 2013, 09:56:45 PM

Quote from: oroboras on May 07, 2013, 08:07:10 PM

Well, I aim for 3% increase in BTC volume per day, so since I have just bought the BTC at $112.5, it's not worth cutting my losses at $110, as it will take longer to recover them.
Anyway, the downward trend seems to have lost momentum, and is turning back upwards.

I'm trying to make my initial buy-in of 6.2 bitcoins* into enough to quit work - I'm at 16.7 now, after 2.5 weeks, so eventually I will manage it - if only I can purchase and sell at the right time for once.

I'd rather take my time, and tread carefully. I have slipped back too many times this week (I had 22.5 BTC at one point, then held cash due to a badly timed sell, as it shot up on the 3rd while I was asleep. I tried to recover by buying in late, just as it peaked again - I lost about $500 that day) Sad

The thing is, I have very limited resources, and I really don't think it will drop much below $110 again any time soon, so I'd rather not risk it.

* I bought those (literally) 15 minutes before it plunged from $250....

I hear ya man. I bought in with 5 btc at 183. Then I was in denial the entire time it plunged and didn't sell.

Don't sell. Put them away for 1 year.

I initially bought in at 92 and continued to buy all the way up to 183. I believe in the long term potential of bitcoin and think one day it will easily be worthy $500+, but I also want to prepare for the worst, just in case something happens and BTC goes completely dead. I am holding on the about half of my total BTC and playing day trader with the rest, hoping to win back some profit.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Bids now over 20mm again, last time they were there we were over 150. We are going up.

DougTanner

sr. member

Activity: 280

Merit: 250

Good morning!

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: needmorecoins on May 08, 2013, 06:40:14 AM

Quote from: dexX7 on May 08, 2013, 06:37:30 AM

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

Fake bid walls don't exist.

Not sure if sarcasm or not...

It's a joke. Read this a few days before in this thread.

The time is ticking, more triangle-ish trendlines are establishing:

StarenseN

legendary

Activity: 2478

Merit: 1362

112$ and 113$ marks are emptied by the rumbles bulls but they don't want to test the water. Come on, skin bear is so valuable

needmorecoins

member

Activity: 65

Merit: 10

There goes the 7k bid wall - removed

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: needmorecoins on May 08, 2013, 06:40:14 AM

Quote from: dexX7 on May 08, 2013, 06:37:30 AM

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

Fake bid walls don't exist.

Not sure if sarcasm or not...

Hope so

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: lebing on May 08, 2013, 06:34:15 AM

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.

Here the $90ish support:

Not happening. That 1.5 is now about 7.5k+BTC

True. No volume, but fighters taking their positions. There are some big balls bulls in the front lines. I will myself be a little bit more cautious and cover some positions in the rearguard at $104ish, and then I will put huge fire power from $90ish to $70ish.

What I can guarantee is I won't chicken out, my man will stand still where they are Cheesy

Let's the battle begin...

needmorecoins

member

Activity: 65

Merit: 10

Quote from: dexX7 on May 08, 2013, 06:37:30 AM

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

Fake bid walls don't exist.

Not sure if sarcasm or not...

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

Fake bid walls don't exist.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Rampion on May 08, 2013, 06:29:16 AM

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.

Here the $90ish support:

Not happening. That 1.5 is now about 7.5k+BTC

Rampion

legendary

Activity: 1148

Merit: 1018

I bet that the +BTC1,5K at 109.99 will vanish as soon as bears start shooting.

If bears really want out, next REAL support is at $90.

Here the $90ish support:

xorglub

full member

Activity: 204

Merit: 100

Bulls reinforcing the first line of defence at $110 with about $500k of bids... bears, do you want to take your chance to sell into that ?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33851. (Read 26712930 times)