Wall Observer - MtGoxUSD wall movement tracker - page 657.

robocoin

sr. member

Activity: 252

Merit: 250

Quote from: proudhon on February 17, 2013, 11:35:54 AM

Hopefully the sellers can keep things in check for a few months and add some supply volume. This thing needs to cool off for a while.

You are always on time

Oh look at this experiment: http://loessismore.blogspot.de/2009/06/do-llamas-eat-bananas.html

No really, I think things should cool off. I am with you.

humanitee

hero member

Activity: 1302

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lmfao, anytime anything big happens you can guarantee Clark Moody will miss all of it!

proudhon

legendary

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Hopefully the sellers can keep things in check for a few months and add some supply volume. This thing needs to cool off for a while.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Even the exponential growth trendline for the past 1.5 years suggests we shouldn't find support at $27 until mid-March, so a pullback to $20-$21 for the next month should not be alarming.

Alternatively, it's possible that we've entered a faster exponential growth phase and we'll thrust up toward $100 by summer. Either way, let's try to contain our surprise.

Beta-coiner1

hero member

Activity: 532

Merit: 500

I am not so sure but I'm thinking the price will recede somewhat.I definitely think BTC is overvalued.

Ente

legendary

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Rebounce? Like a boss!

Indeed, exciting times! Next week will be no-sleep-week :-)

Ente

Liquid

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Crypto Somnium

Technomage

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Affordable Physical Bitcoins - Denarium.com

Indeed. It's actually a blessing for all the people buying next week. If it goes down a bit now, that is.

thoughtfan

hero member

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Merit: 506

Quote from: Technomage on February 17, 2013, 07:14:45 AM

I think it's likely that we will see the all time high broken next week. Kim Dotcom finally promoting Bitcoin is even bigger than the Reddit news, since he is such a high profile guy. I believe a fuckton of new money is coming in. Any corrections now will likely be very short lived.

I would tend to agree but it's fun watching it going the other way right now

With the $27 bid wall that was there for best part of the last 24 hrs gone I think those wanting to buy are pulling back waiting and hoping it goes lower to get back in. There seems to be enough people here believing there's a significant correction coming to let it fall for now. How far before a significant chunk goes 'OK, it may go lower but I don't care. I'm buying back in now?' nobody knows but when it does obviously it will halt the drop.

Technomage

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Affordable Physical Bitcoins - Denarium.com

I think it's likely that we will see the all time high broken next week. Kim Dotcom finally promoting Bitcoin is even bigger than the Reddit news, since he is such a high profile guy. I believe a fuckton of new money is coming in. Any corrections now will likely be very short lived.

Liquid

hero member

Activity: 826

Merit: 500

Crypto Somnium

oakpacific

hero member

Activity: 784

Merit: 1000

Quote from: Herodes on February 17, 2013, 04:07:20 AM

Quote from: oakpacific on February 17, 2013, 04:03:16 AM

OK, let me give my analysis: Price stops moving=nobody wants to buy/sell=nobody is using/wants to use Bitcoins, so it's a bearish signal, SELL!! Grin

LOL - or it's just sunday. Wink

Edit: And just a question, what is the rationale behind trying to keep the price artifically high ? At the moment, the wall at 7.15 is being eroded, and some bot or person is buying for 0.01 at the highest ask.

Apart from being a bull and wanting the price to look higher than it actually is, what would be the advantage ?

It may just be that no one wants to be the first, bulls or bears. Bears apparently got scared by the Thursday trap, and bulls are suspicious whether the rally could continue, so they just lay up high walls and play defense.

Herodes

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Activity: 868

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6K backing at 27 now. Seems like more people are interested in keeping the price up.

solex

legendary

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100 satoshis -> ISO code

Quote from: Herodes on February 17, 2013, 04:07:20 AM

Quote from: oakpacific on February 17, 2013, 04:03:16 AM

OK, let me give my analysis: Price stops moving=nobody wants to buy/sell=nobody is using/wants to use Bitcoins, so it's a bearish signal, SELL!! Grin

LOL - or it's just sunday. Wink

Edit: And just a question, what is the rationale behind trying to keep the price artifically high ? At the moment, the wall at 7.15 is being eroded, and some bot or person is buying for 0.01 at the highest ask.

Apart from being a bull and wanting the price to look higher than it actually is, what would be the advantage ?

It might be an attempt to spark a surge in momentum, becoming self-fulfilling by being seen and attracting increasing numbers of buyers. Probably a futile exercise. One thing about markets is that they take all the time they want to consolidate before deciding where the trend goes.

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: oakpacific on February 17, 2013, 04:03:16 AM

OK, let me give my analysis: Price stops moving=nobody wants to buy/sell=nobody is using/wants to use Bitcoins, so it's a bearish signal, SELL!! Grin

LOL - or it's just sunday. Wink

Edit: And just a question, what is the rationale behind trying to keep the price artifically high ? At the moment, the wall at 7.15 is being eroded, and some bot or person is buying for 0.01 at the highest ask.

Apart from being a bull and wanting the price to look higher than it actually is, what would be the advantage ?

oakpacific

hero member

Activity: 784

Merit: 1000

OK, let me give my analysis: Price stops moving=nobody wants to buy/sell=nobody is using/wants to use Bitcoins, so it's a bearish signal, SELL!! Grin

naima53

hero member

Activity: 616

Merit: 502

Quote from: robocoin on February 16, 2013, 02:07:42 PM

naima 53, are this screenshots from the bearporno.avi? Looks interesting.

Quote from: solex on February 16, 2013, 08:48:25 PM

thefiniteidea, sorry , but I consider the "market cap" to be an artifact or epi-phenomenon of price. Not offering any real support/resistance.

naima53, impressive technical analysis, but sometimes a step back is needed.

Look at the four-hour chart, it is like Table Mountain. How often does a massive bull run end in a table-top formation? Never?
The market is consolidating, but also coiling like a spring, all the moving averages are converging. It is the weekend so perhaps no major action until Monday. A spike up is coming, and it may be the start of another leg, or the final top before exhaustion is reached.

The previous correction (bear porn) showed strong bull IMHO. But we need a long consolidation IMHO.

Or bulls must have a lot of fiat currency. (just a big risk) Personally, I will wait, in which direction the market will turn. And it would encourage the big players in deception, or provocation. Could be a trick of the major players.

thefiniteidea

hero member

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"In Us We Trust"

Yay! No tomatoes!! Cheesy

solex

legendary

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100 satoshis -> ISO code

Quote from: thefiniteidea on February 16, 2013, 11:48:01 PM

I don't understand what I'm seeing then... Huh

OK. I was thinking of the significance of round numbers on a market cap chart. People do place a lot of long-term orders at prices like $30 etc, but not when the cap approaches $300m etc.

As it happens, all the s/r levels you have highlighted is sound and perhaps BTC is an unusual instrument because the issuance is an arithmetic progression at fixed time intervals. I don't believe anything else works like that. So this market cap chart certainly can't be ignored for s/r.

thefiniteidea

hero member

Activity: 509

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"In Us We Trust"

I don't understand what I'm seeing then... Huh

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 657. (Read 1811599 times)