Bitcoin Forum

Looks like we got ourselves a good ol' fashioned rally.

YEE HAW.

We can have one but it's not here yet. $4.80 and I will call a rally.

goddamn it rally already >:(

yawn

I smell a bull trap first, though.

+1

Market is heading back to the level it was at before the bad TH news.

Jeez it takes 20 cents for people to call a rally now.

you are all shure that it aint the old manipulater getting ready to play with himself?

Ah, so after countless similar situations, people still jump to conclusions, you're gonna lose some cash folks.
Mentioned above a trap!

If the wall at 4.6 can be taken down or it's removed, then we could have a real rally. Currently it's more of an attempt. I think an attempt is better than nothing, seems to me the market has been very depressed and very afraid recently so it needs something. :)

If it goes above that wall, it will go to $5.  There's only 15k of depth to $5 and some big player will do it to trigger a short squeeze.
edit: misread depth chart. it's actually 30k :(

It's 30k to $4.6 and more than 50k to $5.

He said "if it goes above the wall", so his numbers are correct. That wall either has to be bought up (unlikely at the moment I think) or be removed, which I think will eventually happen.

What rally? traded flat trend ...

yeah, i suppose in terms of bitcoins, going up 7% in the last 12 hrs isnt really a rally

you are manipulated

Wall gone, Rally starts, Mtgoxlive down. GG.

Fix your API Mtgox! You're making way too much money with such a lousy and failing API.

http://www.btccharts.com/

btccharts.com is good, very good, but it's not a complete replacement for the Mtgox API. A lot more programs/websites depend on the API.

Of course. I figured for you personally it would work though, since you mentioned mtgoxlive specifically.

here we go again... buybuybuy-sellsellsell

Looks like this attempt at a rally is failing. The two latest peaks or waves on the daily charts are lower than the previous ones. Expect a bigger drop next.

there were damaged peaks..

Due to crazy walls

I love walls... They make everyone go crazy and/or get bitchy.

Wall got smaller in the last few hours, it's now 4k BTC :)
Bid side filling up nicely!
Get ready.. something might happen ;D

It's starting! Everyone tune in!

Are we close enough, now?

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

yes, seriously.  If all the sellers just gathered up their coins and moved up, the price would go up ;)
sarcasm

Buy Buy

Up! Then down, down, down  ;)

I'm thinking this might be due to people liquidating their short positions from $6. Who knows where we are going to end up after all this.

3.8

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.

Some companies accept bitcoin, but don't want to run the risk of the rate changing too much. So they set up a huge sell order for a very low price, and just send all their bitcoins to MtGox, where they're instantly converted to USD.

This.

alright

that was a rally

We're just warming up :)

We better be. Keep this train rollin'!

mini crash to 4.50, then rally will continue.

would shure hope so - the RSI over 70 makes me itchy

Depends on your timescale. This graph looks _very_ healthy. Rising MACD, rising RSI, about to break PSAR to the upside. Lookin' good IMO!

http://bitcoincharts.com/charts/mtgoxUSD#rg90ztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzvzps

Edit: And MACD is about to crossover. And RSI is far from overbought as well.

exactly - depends on your timeframe

http://bitcoincharts.com/charts/mtgoxUSD#rg90zigHourlyztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzvzps

edit:

even worse overbought at 2 hour timeframe.

http://bitcoincharts.com/charts/mtgoxUSD#rg90zig2-hourztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzvzps

Yeah, but those graphs are noisy like hell. They don't say much IMO. Much better to look at the longer timescales, so the indicators are much smoother.

5.10 just broke PSAR

Already Long before the jump I'm sure the big player already sees that the MACD is about to cross over...

The Bransen/mountain peak indicators all look on track  ::)

http://i846.photobucket.com/albums/ab22/1973mb1973/cf4ad0d0.jpg

Major mid-term indicator turned bullish ;D

Now we can officially call this a rally. It even spiked over the 30 day average which has been DOWN for a long time now. That could mean that this rally is far from over.

Look how it started:


RALLY TIME!!!

All aboard!  ;D

Thanks for resurrecting a thread from 2012. I wondered what the $4-$5 stuff were about, until I saw the date. Haha.

Ah the memories... sold way too many for nearly nothing.

Ah... 4.6... imagine how such a price today seems completely unimaginable!

holy necro thread batman

At the time this price was relatively high.

Rally call!!!!


http://4.bp.blogspot.com/-0yt1DiNlVLU/ULOJ5lzSIcI/AAAAAAAADiA/lf_xvKrAKbw/s1600/Viking+horn.JPG

That's what I love in BTC.

https://i.imgur.com/lDhF0.jpg

Don't miss the train!