Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33943. (Read 26512070 times)
April 24, 2013, 01:00:21 PM
So pretty. No one knows where to go or what to do.
April 24, 2013, 12:59:23 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
you didn't mind 2 minute frame 159 though
can go anyway as always though
I wasn't claiming bear traps or bull traps or dead cat bounces. I was simply noting the price in relation to the previous post.
April 24, 2013, 12:57:23 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.
I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.
April 24, 2013, 12:56:38 PM
The trend the last two hours look a bit bearish. The last two days looks extremely bullish, though. This current fall fra 168-153 is probably just a small correction with some people taking a profit from their buys between 50-100 where the volume was enormous.
April 24, 2013, 12:55:40 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.
April 24, 2013, 12:54:21 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
you didn't mind 2 minute frame 159 though
can go anyway as always though
April 24, 2013, 12:54:21 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
Normal profit taking from big players, small players should stay away from selling and keep holding. Selling in this market is plain foolish knowing that we are perfectly capable of reaching $250.
April 24, 2013, 12:53:02 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
all the bear encourage each other, sometimes they get overly excited...
then they go to bed and dream of 25cent bitcoin, and all the bears on the other side of the world behave exactly the same way.
April 24, 2013, 12:51:25 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
I don't think two minute time frames get to count as dead cat bounces. haha
April 24, 2013, 12:49:40 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
Rather 153, dead cat bounce
April 24, 2013, 12:49:31 PM
It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?
April 24, 2013, 12:47:12 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
April 24, 2013, 12:46:42 PM
I <3 this graph. 
April 24, 2013, 12:46:17 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
My own independent analysis comes to this same conclusion. The price will go down or up.
lol
April 24, 2013, 12:44:40 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
My own independent analysis comes to this same conclusion. The price will go down or up.
April 24, 2013, 12:42:43 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
April 24, 2013, 12:38:17 PM
Panic Sell on the Way!!!
i really don't think so, bears falling into the trap, good show! April 24, 2013, 12:31:16 PM
Panic Sell on the Way!!!
April 24, 2013, 12:30:17 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
It usually means the volume is about to pick up, and when the volume picks up it usually causes the price to change quickly in one direction.
If you could properly gage market confidence I guess most of the time you could predict the direction. I'm just posting triangles for fun though, I'm not actually trying to trade based on them, my bot is handling that
Example:
April 24, 2013, 12:29:43 PM
So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.
Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol. Big players are fighting it out now. Huge volumes.
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