Yet another triangle. Momentum building to break through below $127.
This indeed looks scarry.
There is still huge support in the range below.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33868. (Read 26504639 times)
May 01, 2013, 11:19:07 AM
This indeed looks scarry.
There is still huge support in the range below.
May 01, 2013, 11:16:51 AM
We're approaching the battlefield at $120, Bears has more bullets than we thought
Old bulls are new bears.
May 01, 2013, 11:13:55 AM
Ask sum skyrocketing
And fallen just as fast. Someone is playing their hand too early.
May 01, 2013, 11:09:52 AM
Ask sum skyrocketing
Think those are Silk-Roaders trying to get out?
What's the ETA on a fix for the Tor services?
May 01, 2013, 10:51:49 AM
Ask sum skyrocketing
Dont worry ...
It is good to remember that there are no fake bid walls, but fake ask walls abound... 
lol
We're approaching the battlefield at $120, Bears has more bullets than we thought
May 01, 2013, 10:41:18 AM
So, im assuming there are people here who can vouch for credibility, then?
May 01, 2013, 10:39:34 AM
Ask sum skyrocketing
May 01, 2013, 10:34:20 AM
Isn't this the place to use all of your verbal wit to talk the price up?
You are talking it down, man
And nobody will send you 100BTC without a trusted escrow
May 01, 2013, 10:32:42 AM
I'm not taking rpietila's offer because I think I'm comfortable as is, without needing to leverage. I have about 80 dollars on MtGox per every BTC I have (including everything I have in cold storage). If the price goes up, my Bitcoins rise in value. If the price goes down, I have an opportunity to purchase more bitcoins at a reduced price.
That's more or less my situation.
May 01, 2013, 10:30:56 AM
IDK what you guys are talking about... anyway!BITCOIN FIRE SALE
120$ / BTC
coming soon to an exchange near you
120$ / BTC
coming soon to an exchange near you
get ready 
May 01, 2013, 10:27:16 AM
Isn't this the place to use all of your verbal wit to talk the price up?
For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).
I have to agree with you. There is a big difference between expressing an opinion and trying to jawbone the price in one direction or the other. I feel sorry for the inexperienced traders that are taken in by the latter.
I am sooooo extremely bored of the reptile's perpetual nonsense FWIW
There is one good thing I have to say about the 'jawboners' ... they can be useful contra-indicators ...
May 01, 2013, 10:24:31 AM
Isn't this the place to use all of your verbal wit to talk the price up?
For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).
Yeah, but actually I think an actual put offer is a good reality check.
Because there's a BIG difference between saying NEVER and selling a put option for 100BTC for qty 250BTC! And note the buyer holds all the counterparty risk. To me the word NEVER would put the price at 1-5%. Since there is no risk this cost is just to pay for the time, effort, and opportunity cost involved.
May 01, 2013, 10:16:21 AM
Yet another triangle. Momentum building to break through below $127.
Tripple bottom + Wednesday?
May 01, 2013, 09:48:24 AM
Let's go, $100! Hopefully this time it works out...
May 01, 2013, 09:46:27 AM
Yet another triangle. Momentum building to break through below $127.
May 01, 2013, 09:43:24 AM
Doesn't look good, where are those bulls when you need them?
May 01, 2013, 09:38:54 AM
Quick dump at MtGoxEUR
May 01, 2013, 09:36:23 AM
Isn't this the place to use all of your verbal wit to talk the price up?
For me, this place seems to have gone from a mostly honest discussion about the price to a lot of people trying to talk the price up or down in order to try to sell high or buy cheap (mostly the latter).
May 01, 2013, 09:31:17 AM
Sorry wrong direction. Fixed above.
May 01, 2013, 09:26:38 AM
Quote
So are bear traps self fulfilling in that someone just has to keep smacking the price around enough that investors lose faith or get bored or whatever long enough that the money flows out?
I do not understand what you mean. Here is a common definition of a bear trap from Investopedia ...
Quote
A false signal that the rising trend of a stock or index has reversed when it has not. A bear trap prompts traders to place shorts on the stock or index, since they expect the underlying to decline in value. Instead of declining further, the investment stays flat, or slightly recovers.
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