Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33909.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Rampion on May 06, 2013, 11:22:26 AM

Beware: aprox. BTC15K just appeared on the order book. That could be a nice round of bullets for the bears, prepare your bids and fasten your seat belts.

Where are you seeing that? I still see the total sales at 172k. The only wall is 2k at $130. (I'm looking at ClarkMoody)

I am really careful of that order book (market depth is the same I think?) as that is where the psychological manipulation occurs.
If someone wants to bring things down, they will just put out a sale at market and then add to it, no? Maybe a bit of both?

Rampion

legendary

Activity: 1148

Merit: 1018

Beware: aprox. BTC15K just appeared on the order book. That could be a nice round of bullets for the bears, prepare your bids and fasten your seat belts.

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

Quote

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.)

To the degree that this bubble collapse behaves like the June 2011 collapse, it is normal for the big sell off to happen first. That's why I dubbed the August , 2011 capitulation The Great Capitulation of 2011. I believe the drop from $145 to $80 is the corresponding Great Capitulation of 2013. If my ideas are correct, then its likely we have seen the worst one this year.

Here is what happened with regard to volume back during the collapse of the bubble in 2011 ...

lebing

legendary

Activity: 1288

Merit: 1000

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

legendary

Activity: 1148

Merit: 1018

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

legendary

Activity: 1148

Merit: 1018

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

legendary

Activity: 2772

Merit: 1028

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

hero member

Activity: 686

Merit: 501

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

legendary

Activity: 1106

Merit: 1026

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

legendary

Activity: 1148

Merit: 1018

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

hero member

Activity: 628

Merit: 500

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Hehe, so strange to see rampion bullish at 120 Grin

Rampion

legendary

Activity: 1148

Merit: 1018

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

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Manipulators, manipulators everywhere Grin

Apraksin

sr. member

Activity: 420

Merit: 251

Moon?

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

Multifarious

newbie

Activity: 35

Merit: 0

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

legendary

Activity: 840

Merit: 1000

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

full member

Activity: 204

Merit: 100

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

legendary

Activity: 1176

Merit: 1001

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

SAQ

newbie

Activity: 56

Merit: 0

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?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33909. (Read 26713885 times)