So you think if the 4k wall @100 disappeared it would not affect price action? Disappeared, not sold into.
They never act as price support or resistance. 
Topic: Yet another analyst :) - page 6. (Read 269594 times)
If during the next days the whale buyer (who seems to be resting today) will buy another 50k BTC up to 120$ (that's 28k + resistance),
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Walls never were support/resistance, man.the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
So you think if the 4k wall @100 disappeared it would not affect price action? Disappeared, not sold into.
If during the next days the whale buyer (who seems to be resting today) will buy another 50k BTC up to 120$ (that's 28k + resistance),
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Walls never were support/resistance, man. the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Well, yes, math fail, but my thought process was different. This last 'whale buy' was accompanied later by several 'dolphin buys' that
moved the market up significantly after the whale buy (didn't happen before). I expect this to happen again and stronger after the next whale buy.
moved the market up significantly after the whale buy (didn't happen before). I expect this to happen again and stronger after the next whale buy.
If during the next days the whale buyer (who seems to be resting today) will buy another 50k BTC up to 120$ (that's 28k + resistance),
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Math fail?
89k-28k=61k
"resistance" obviously does not reduce coins on orderbook.
If during the next days the whale buyer (who seems to be resting today) will buy another 50k BTC up to 120$ (that's 28k + resistance),
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Divergence on the hourly is a typical way to confirm a local top or that a correction is coming. It works in most other markets, but since most Bitcoin 'traders' have a "TA doesn't work" OR "Who cares, I'm buying!" mentality. No one cares, and the divergence can go on for a while. That's part of the reason why there aren't periodic corrections. Bitcoin traders have too much emotion which leads to retarded bubbles and devastating bursts (reverse bubbles?). So I agree with the replies above mine that you need to use a longer chart period to find these divergences to make effective trading decisions.
/witch hunt mode on BURN HIM ALIVE
/witch hunt mode off
Are we going to toss him onto the same fire that Blitz has been thrown onto by the angry mob ?
Divergence on the hourly is a typical way to confirm a local top or that a correction is coming. It works in most other markets, but since most Bitcoin 'traders' have a "TA doesn't work" OR "Who cares, I'm buying!" mentality. No one cares, and the divergence can go on for a while. That's part of the reason why there aren't periodic corrections. Bitcoin traders have too much emotion which leads to retarded bubbles and devastating bursts (reverse bubbles?). So I agree with the replies above mine that you need to use a longer chart period to find these divergences to make effective trading decisions.
/witch hunt mode on BURN HIM ALIVE
/witch hunt mode off
Divergence on the hourly is a typical way to confirm a local top or that a correction is coming. It works in most other markets, but since most Bitcoin 'traders' have a "TA doesn't work" OR "Who cares, I'm buying!" mentality. No one cares, and the divergence can go on for a while. That's part of the reason why there aren't periodic corrections. Bitcoin traders have too much emotion which leads to retarded bubbles and devastating bursts (reverse bubbles?). So I agree with the replies above mine that you need to use a longer chart period to find these divergences to make effective trading decisions.
How about these divergences? This is the only thing that keeps me from buying..
Bullish and bearish divs oftenly fail on hourly candles in bitcoin. They get some power only when they become multiple (from 3 divs in a row) and very noticeable. 
How about these divergences? This is the only thing that keeps me from buying..
man that's 60 minutes all that is relevant for few days max 1 week
can we do everyone here a favor when forecasting price points/ranges to denote your time frame?
timeframe: two weeks
How about these divergences? This is the only thing that keeps me from buying..
man that's 60 minutes all that is relevant for few days max 1 week
How about these divergences? This is the only thing that keeps me from buying..
Anyway: in the movie this banker-asshole says something along the lines of: "fuck our customers,... SELL IT ALL. this is about the survival of this firm, I couldn't care less about these customers". next secene is executives yelling order to trading room: "tell customers to buy and sell it all".
Pretty much the same scene in Margin Call. 
This still can happen.
Thats one of my options too, but since SPX is on rally mode again, maybe btc will get some of the Uncle ben's helicopter money.
This still can happen.
So since there was no breakout of triangle, and since triangle continues and I don't know whether its bullish or bearish... I introduce my new count candidate - ping/pong triangle. Hehe. That is something new in trading.
No miracle? Okay...
I think the miracle is on the making.
No miracle? Okay...
http://www.businessinsider.com/jpmorgans-tom-lee-raises-sp-500-target-2013-7
JPMorgan's Tom Lee Now Has The Most Bullish Stock Market Forecast On Wall Street.
I guess JP Morgan needs to close positions. As Goldman Sachs lied to clients with bullish forecasts before gold correction.
JPMorgan's Tom Lee Now Has The Most Bullish Stock Market Forecast On Wall Street.
I guess JP Morgan needs to close positions. As Goldman Sachs lied to clients with bullish forecasts before gold correction.
I just watched an incredibly flat, but earily realistic movie about a guy killing bankers after realizing he got screwed over bad by his broker, employer, government, health insurance, and tptb in general and his wife commited suicide because she couldn't take the guilt of having cancer and causing him to have to pay outrageously high medical bills. That movie was called "Aussault on Wall Street". I didn't know wether to laugh or cry.
Anyway: in the movie this banker-asshole says something along the lines of: "fuck our customers,... SELL IT ALL. this is about the survival of this firm, I couldn't care less about these customers". next secene is executives yelling order to trading room: "tell customers to buy and sell it all".
So based on what both this movie and lucif say JPMorgan is trying to get rid of their stock.
SELL SELL SELL
http://www.businessinsider.com/jpmorgans-tom-lee-raises-sp-500-target-2013-7
JPMorgan's Tom Lee Now Has The Most Bullish Stock Market Forecast On Wall Street.
I guess JP Morgan needs to close positions. As Goldman Sachs lied to clients with bullish forecasts before gold correction.
JPMorgan's Tom Lee Now Has The Most Bullish Stock Market Forecast On Wall Street.
I guess JP Morgan needs to close positions. As Goldman Sachs lied to clients with bullish forecasts before gold correction.
Jump to: