Wall Observer - MtGoxUSD wall movement tracker - page 687.

Spaceman_Spiff

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Quote from: sublime5447 on February 11, 2013, 10:59:29 PM

Quote from: humanitee on February 11, 2013, 09:05:42 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting!

I laughed out load when I read this.

I like Proudhon a lot better...

sublime5447

legendary

Activity: 966

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Quote from: humanitee on February 11, 2013, 09:05:42 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting!

I laughed out load when I read this.

oakpacific

hero member

Activity: 784

Merit: 1000

Quote from: The Fool on February 11, 2013, 10:23:19 PM

Quote from: oakpacific on February 11, 2013, 10:13:46 PM

Quote from: The Fool on February 11, 2013, 10:11:53 PM

Quote from: oakpacific on February 11, 2013, 09:23:46 PM

Quote from: jl2012 on February 11, 2013, 11:35:39 AM

It seems there is a repeating pattern:

1. Resistance for 4-7 days
2. Going up for 2-4 days
3. Last resistance becoming new support

Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that

We need to pull out of this cycle immediately, the RSI is looking more and more unnerving.

It's called the pennant formation. Very healthy.

I was talking about the RSI, which looks like a failure swing.

Sorry, I meant to only quote the top part. I know little about the RSI. Want to tell me about it?

Check this http://www.investopedia.com/articles/technical/03/042203.asp#axzz2KeSkXQrf and the wikipedia RSI page, besides, when RSI is above 70 the market is considered "overbought", and staying overbought for too long is not funny.

In some sense, we have already survived one failure swing though, the $18 line did not fall.

The Fool

newbie

Activity: 56

Merit: 0

Quote from: oakpacific on February 11, 2013, 10:13:46 PM

Quote from: The Fool on February 11, 2013, 10:11:53 PM

Quote from: oakpacific on February 11, 2013, 09:23:46 PM

Quote from: jl2012 on February 11, 2013, 11:35:39 AM

It seems there is a repeating pattern:

1. Resistance for 4-7 days
2. Going up for 2-4 days
3. Last resistance becoming new support

Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that

We need to pull out of this cycle immediately, the RSI is looking more and more unnerving.

It's called the pennant formation. Very healthy.

I was talking about the RSI, which looks like a failure swing.

Sorry, I meant to only quote the top part. I know little about the RSI. Want to tell me about it?

oakpacific

hero member

Activity: 784

Merit: 1000

Quote from: The Fool on February 11, 2013, 10:11:53 PM

Quote from: oakpacific on February 11, 2013, 09:23:46 PM

Quote from: jl2012 on February 11, 2013, 11:35:39 AM

It seems there is a repeating pattern:

1. Resistance for 4-7 days
2. Going up for 2-4 days
3. Last resistance becoming new support

Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that

We need to pull out of this cycle immediately, the RSI is looking more and more unnerving.

It's called the pennant formation. Very healthy.

I was talking about the RSI, which looks like a failure swing.

The Fool

newbie

Activity: 56

Merit: 0

Quote from: oakpacific on February 11, 2013, 09:23:46 PM

Quote from: jl2012 on February 11, 2013, 11:35:39 AM

It seems there is a repeating pattern:

1. Resistance for 4-7 days
2. Going up for 2-4 days
3. Last resistance becoming new support

Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that

We need to pull out of this cycle immediately, the RSI is looking more and more unnerving.

It's called the pennant formation. Very healthy.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: Loaded on February 11, 2013, 10:02:34 PM

Next day or two will be fun.

I am thinking about putting up a bet on Bets of Bitcoin: will Loaded post more than 500 words in 2013?

PS: You know you are killing us with suspension with statements like this right?

Loaded

full member

Activity: 135

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whale eater

Next day or two will be fun.

oakpacific

hero member

Activity: 784

Merit: 1000

Quote from: jl2012 on February 11, 2013, 11:35:39 AM

It seems there is a repeating pattern:

1. Resistance for 4-7 days
2. Going up for 2-4 days
3. Last resistance becoming new support

Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that

We need to pull out of this cycle immediately, the RSI is looking more and more unnerving.

420

hero member

Activity: 756

Merit: 500

Quote from: humanitee on February 11, 2013, 09:05:42 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting!

its posts like this that want me to enter my whole usd value and hit the buy button...

looks like another currency was cheaper just now:
Last price:$24.01903 High:$24.67503 Low:$23.64560 Volume:31436 BTC Weighted Avg:$24.18527

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

In order to drop to $20, BTC40k would need to be sold. The market has already absorbed dumps this big on the way up, I'd still be pretty bullish. It will take a significant sell off to break the trend imo. The adoption phase may be starting!

ajk

donator

Activity: 447

Merit: 250

Quote from: ElectricMucus on February 11, 2013, 08:00:00 PM

Quote from: ajk on February 11, 2013, 07:52:46 PM

Selling immediately after the initial sell off is PANIC SELLING,

People prone to panic buying are prone to panic selling.

Just sain'

Probably...

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: 420 on February 11, 2013, 08:06:49 PM

Quote from: adamstgBit on February 11, 2013, 08:02:04 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

this is simply not possibly because I'll buy 21million bitcoin at 11.9047619047619$

OWNED!

wow id buy just 11 million

im thankful at least one person interpreted me correctly

yes fall from $24 to $20 thats a $4 drop

I feel like $15 is the current bull threshold.

420

hero member

Activity: 756

Merit: 500

Quote from: adamstgBit on February 11, 2013, 08:02:04 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

this is simply not possibly because I'll buy 21million bitcoin at 11.9047619047619$

OWNED!

wow id buy just 11 million

im thankful at least one person interpreted me correctly

yes fall from $24 to $20 thats a $4 drop

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

this is simply not possibly because I'll buy 21million bitcoin at 11.9047619047619$

OWNED!

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

Quote from: ajk on February 11, 2013, 07:52:46 PM

Selling immediately after the initial sell off is PANIC SELLING,

People prone to panic buying are prone to panic selling.

Just sain'

keewee

legendary

Activity: 1025

Merit: 1000

Dropped $4 to $20? I'd consider buying more but would wait to see if that was the bottom

ajk

donator

Activity: 447

Merit: 250

I would sell none,

if the price dropped 4 dollars in one day I would assume a big player just left the market, meaning cheaper coins to be bought up,

after it retraced a few dollars and maybe a few more days of waiting I would considering selling if the trend actually reversed

Selling immediately after the initial sell off is PANIC SELLING,

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: mb300sd on February 11, 2013, 07:51:07 PM

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

I'd buy 10000 at $4

I'd buy 250... and then buy another 125 at 8$ and kick myself for not sending all the money at once

mb300sd

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Activity: 1260

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Drunk Posts

Quote from: 420 on February 11, 2013, 07:48:08 PM

if the price dropped $4 tomorrow how many of you would start selling?

I'd buy 10000 at $4

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 687. (Read 1811596 times)