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Title: the avalanche Post by: arepo on January 17, 2012, 10:34:05 PM Oh yea, definitely not practical for predicting future bitcoin price. I don't trust the depth chart at all. i find the depth data should be considered in a market where a large player can consume a wall (for instance, the one that WAS at $7.20 not so long ago) and cause an avalanche/roller coaster all by themself. these kinds of movements often belie other indicators. She is swinging back up from the low $6.xx. Has been the take-off point for last 3 moves up. All aboard everyone for the ride up to $7.xx once again. you are dumb. too much downward momentum. too many failed expectations after not shooting to $8 two nights ago. this is a major correction and perhaps a reversal, if too many people get spooked. expect $5.5-$6 before resuming the uptrend, or only down from here. i love being right. i got out at $6.45 so screw yall Title: Re: the avalanche Post by: ineededausername on January 17, 2012, 10:35:05 PM holy shit. good thing I didn't have a long position :o
Title: Re: the avalanche Post by: dryden on January 17, 2012, 10:36:51 PM I have a thing that reloads Gox data every 30 seconds. It was showing just HEAPS of coins being loaded into the system. At one point it was 30,000 new BTC every minute being added as ASK.
Title: Re: the avalanche Post by: StewartJ on January 17, 2012, 10:43:04 PM holy shit. good thing I didn't have a long position :o Cest la vie, you win some, you lose some. Title: Re: the avalanche Post by: Vandroiy on January 17, 2012, 10:48:02 PM I don't want to nag, but I used the term "flash crash" first. Try to beat that with an oh wow 5.5 prediction. ;)
Vandroiy is now pissed for having been called dumb. Will rub things in at every other occasion. :P Title: Re: the avalanche Post by: notme on January 17, 2012, 10:49:49 PM I don't want to nag, but I used the term "flash crash" first. Try to beat that with an oh wow 5.5 prediction. ;) Vandroiy is now pissed for having been called dumb. Will rub things in at every other occasion. :P Why be pissed... You took their money didn't you? Title: Re: the avalanche Post by: elux on January 17, 2012, 10:50:28 PM Boy this is fun! :)
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