Bitcoin Forum

Economy => Speculation => Topic started by: GeniuSxBoY on July 20, 2011, 12:50:49 AM



Title: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 12:50:49 AM
Oooooooooooooooooooooooooooooooooooh!!!



I can't waaaaait!!!


Title: Re: Wednesday is RALLY day!!!
Post by: error on July 20, 2011, 01:26:33 AM
Where have you been? The rally is all week.


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 02:02:25 AM
This is merely the pre-rally for the rally!


Title: Re: Wednesday is RALLY day!!!
Post by: myrkul on July 20, 2011, 02:06:12 AM
This is merely the pre-rally for the rally!

Let's get it to $17 before Fri.

I wanna see it.


Title: Re: Wednesday is RALLY day!!!
Post by: kiwiasian on July 20, 2011, 04:15:19 AM
I will be so happy if that happens.

But it probably won't. So meh.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 20, 2011, 04:16:16 AM
The bulls are hungry


Title: Re: Wednesday is RALLY day!!!
Post by: Jaime Frontero on July 20, 2011, 04:31:03 AM
The bulls are hungry

the bulls have solid steel balls.

...and the bears are out of magnets.


Title: Re: Wednesday is RALLY day!!!
Post by: kiwiasian on July 20, 2011, 04:33:39 AM
You must be quite an optimistic person to not see the blatant signs of a bear market


Title: Re: Wednesday is RALLY day!!!
Post by: Cluster2k on July 20, 2011, 04:38:20 AM
This is merely the pre-rally for the rally!

Let's get it to $17 before Fri.

I wanna see it.

I want to see it too... so I can sell a whole bunch of bitcoins before the price reverts to the $13.50 - $14 range.


Title: Re: Wednesday is RALLY day!!!
Post by: BillX on July 20, 2011, 06:04:36 AM
I thought Wednesday is spaghetti day?


Title: Re: Wednesday is RALLY day!!!
Post by: Technomage on July 20, 2011, 11:32:17 AM
You must be quite an optimistic person to not see the blatant signs of a bear market
Actually the market is much less bearish than it used to be. I wouldn't call it bullish yet, but it's not exactly bearish either.


Title: Re: Wednesday is RALLY day!!!
Post by: imperi on July 20, 2011, 12:20:14 PM
https://i.imgur.com/PGd48.png

Here's a sign that the market is turning around. The MACD and its indicator are crossing over for the first time since mid-June.

Good time to buy in my opinion. I would except that I already spent a lot on Bitcoins and can't afford to take more risk.


Title: Re: Wednesday is RALLY day!!!
Post by: kiwiasian on July 20, 2011, 12:54:20 PM
If I see it before the end of this week I'll believe it.


Title: Re: Wednesday is RALLY day!!!
Post by: phatsphere on July 20, 2011, 01:59:57 PM
MACD
sorry for my dumb question, but what exactly does this macd and is there some track record showing that it has been right before? from what i have seen it heavily depends on the timescale it is used for and tells you different stories for the same data.


Title: Re: Wednesday is RALLY day!!!
Post by: cloon on July 20, 2011, 02:09:08 PM
http://www.investopedia.com/university/technical/techanalysis10.asp
here it's well explained. enjoy!


Title: Re: Wednesday is RALLY day!!!
Post by: KMBTC11 on July 20, 2011, 04:33:45 PM
I had a dream last night the price spiked over $17 and all of my sell orders cleared.  Sadly, I woke up this morning and saw no midnight spike.  It would be nice if it popped back up over $16 before the weekend but I have my doubts.  I don't expect anymore big swings until after July 27.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 20, 2011, 05:36:06 PM
https://i.imgur.com/PGd48.png

Here's a sign that the market is turning around. The MACD and its indicator are crossing over for the first time since mid-June.


Damnit Imperi...you didn't have to go tell everyone did you?  ;D


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 06:07:55 PM
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU





Quote
It is with heavy hearts that we deliver some bad news. We just got off the phone with our newly assigned bank (SG) in France and it appears the branch we have assigned cannot authorize our account until they deliberate with their “Higher Ups”. This is due to the sheer amount of funds we expect to be processing, along with the fact that bitcoin is fringe and has ambiguity associated with it that banks don’t currently understand. We were fully expecting to announce to all that our European bank accounts are now up and ready to start processing funds, however we have been advised that we will not hear back from SG until Thursday July 21.

Euro transfers (both deposits and withdrawals) are effectively frozen, however we’re going to look at other means of enabling Euro transfers in the mean time. So please bear with us as we work to get this up and running as soon as possible.

Thank you for your continued patience, we hope to come back with some good news soon.


Title: Re: Wednesday is RALLY day!!!
Post by: piramida on July 20, 2011, 06:11:05 PM
Genius, prove that your nickname has a little bit of truth to it. Buy BTCs at bitcoin7 0.5$ cheaper than at mtgox, transfer to mtgox, trade there (starting with 0.5$ profit). I can assure you that anybody who wants to get money into BTC market (and has money to begin with) can figure this trivial route out.

Yes, it is shallower, but amounts around 1000 BTCs are easily exchanged there.


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 06:18:57 PM
Bitcoin 7 = lame.


Title: Re: Wednesday is RALLY day!!!
Post by: piramida on July 20, 2011, 06:36:54 PM
well much less lame than mtGox. transfers get there the next day and interface is much better :)


Title: Re: Wednesday is RALLY day!!!
Post by: nmat on July 20, 2011, 06:39:33 PM
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

Tradehill is accepting euros


Title: Re: Wednesday is RALLY day!!!
Post by: BillX on July 20, 2011, 06:51:13 PM
http://www.youtube.com/watch?v=KlNAYCcxgUw


Title: Re: Wednesday is RALLY day!!!
Post by: bitclown on July 20, 2011, 06:58:30 PM
FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

I always keep a few open orders on BitMarket.eu. You pay directly to the seller after the transaction have been initiated, so you don't have to wait for slow SEPA transfers. Still today a desperate miner who couldn't wait to get his coins off his hands filled a buy order I had at 9 EUR (~12.7 USD).


Title: Re: Wednesday is RALLY day!!!
Post by: Milkshanks on July 20, 2011, 07:00:25 PM
https://i.imgur.com/PGd48.png

Here's a sign that the market is turning around. The MACD and its indicator are crossing over for the first time since mid-June.

Good time to buy in my opinion. I would except that I already spent a lot on Bitcoins and can't afford to take more risk.

Sorry for the newb question but, where did you get this graphic?


Title: Re: Wednesday is RALLY day!!!
Post by: cloon on July 20, 2011, 07:50:25 PM
http://bitcoincharts.com/charts/mtgoxUSD#rg180zvztgSzm1g10zm2g25zxzi1gMACDzi2gRSI (http://bitcoincharts.com/charts/mtgoxUSD#rg180zvztgSzm1g10zm2g25zxzi1gMACDzi2gRSI)

time period 6 month
indicator macd (large indicator)


Title: Re: Wednesday is RALLY day!!!
Post by: Milkshanks on July 20, 2011, 08:42:32 PM
Well thank you :)


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 10:06:36 PM

Quote
Wednesday is RALLY day!!!

http://desktopwallpaper.im/wallpapers/atomic-bomb-explosion-800x600.jpg



Goxed!!!!!!!!!!!!!!!!


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 20, 2011, 10:08:07 PM
^lol, it looks like the face of bozo the clown... RIP bozo.


Wait... it's bozo the cloud, now!!


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 20, 2011, 10:29:41 PM
Wait..no Wednesday is SELL the spaghetti day!


Title: Re: Wednesday is RALLY day!!!
Post by: bitclown on July 20, 2011, 11:54:46 PM
https://i.imgur.com/JyFfA.png


Title: Re: Wednesday is RALLY day!!!
Post by: kiwiasian on July 21, 2011, 03:25:58 AM
What kind of a crap rally day was this


Title: Re: Wednesday is RALLY day!!!
Post by: BillX on July 21, 2011, 03:55:48 AM
What kind of a crap rally day was this
It wasn't a rally but time to sit down and have a nice family meal with Prince Spaghetti!

Anthony!!!! Anthony!!!!!


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 04:01:48 AM

It wasn't a rally but time to sit down and have a nice family meal with Prince Spaghetti!

Anthony!!!! Anthony!!!!!


mmm...spaghetti..


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 21, 2011, 05:17:27 AM
https://i.imgur.com/YWELv.png






someone's bored


Title: Re: Wednesday is RALLY day!!!
Post by: qikaifu on July 21, 2011, 05:20:44 PM
it was not.


Title: Re: Wednesday is RALLY day!!!
Post by: myrkul on July 21, 2011, 05:22:26 PM
it was not.

no.  :'(


Title: Re: Wednesday is RALLY day!!!
Post by: Piper67 on July 21, 2011, 05:25:28 PM

Haven't you heard? Thursday is the new Wednesday  :D


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 07:52:11 PM

Haven't you heard? Thursday is the new Wednesday  :D

~ chirp ~

~ chirp ~


Title: Re: Wednesday is RALLY day!!!
Post by: myrkul on July 21, 2011, 07:58:19 PM
^lol, it looks like the face of bozo the clown... RIP bozo.


Wait... it's bozo the cloud, now!!

Damn you, I can't not see it now.

Anyone feel like doing a colorization?


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 21, 2011, 09:23:56 PM
If you guys don't know me by now, take the opposite of whatever I say and everything will come true.


Title: Re: Wednesday is RALLY day!!!
Post by: myrkul on July 21, 2011, 09:26:26 PM
If you guys don't know me by now, take the opposite of whatever I say and everything will come true.

Then, could you please start predicting gloom and doom? I bought in at 14.5, dammit.


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 21, 2011, 09:31:31 PM
Just want till Euro transfers are unfrozen.... we'll have a huge run from mt gox.


Liberty reserve can't keep up with all the withdraws already. That means a LOT more money is leaving mt gox than coming in.


Title: Re: Wednesday is RALLY day!!!
Post by: geek-trader on July 21, 2011, 09:36:05 PM
If you guys don't know me by now, take the opposite of whatever I say and everything will come true.

Just want till Euro transfers are unfrozen.... we'll have a huge run from mt gox.


Liberty reserve can't keep up with all the withdraws already. That means a LOT more money is leaving mt gox than coming in.

Wait, so DON'T wait till the Euro transfers are unfrozen... and Liberty Reserve CAN keep up?

I'm so confused.  ;D


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 09:36:41 PM
If you guys don't know me by now, take the opposite of whatever I say and everything will come true.

Yea so what's your prediction for the next few days?  ;D


Title: Re: Wednesday is RALLY day!!!
Post by: evolve on July 21, 2011, 09:44:02 PM
no real gains made this week...time to sell off some positions if you can (to buy back in on the weekend slump)....my guess is that we will see low 12's (the failure to break back into 14's for any major amount of time has me worried) if not high 11's. definately feeling bearish in the short term.....

then again, this is just wild speculation, so who knows? thats half the fun  ;D





as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 09:48:58 PM
Yea the problem lately though is trying to figure out when the weekend actually begins and ends lol


Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 21, 2011, 09:53:33 PM
no real gains made this week...time to sell off some positions if you can (to buy back in on the weekend slump)....my guess is that we will see low 12's (the failure to break back into 14's for any major amount of time has me worried) if not high 11's. definately feeling bearish in the short term.....

then again, this is just wild speculation, so who knows? thats half the fun  ;D





as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).


I am starting to see something interesting in the daily model. It seems a bit counter-intuitive, but it looks like the longer that price is held below $14 the likelihood of an extended rally being sparked before the end of August increases.

I'm not worried.  I'll gladly push it back from 14 for a while if it helps to solidify the future rally.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 09:57:06 PM
no real gains made this week...time to sell off some positions if you can (to buy back in on the weekend slump)....my guess is that we will see low 12's (the failure to break back into 14's for any major amount of time has me worried) if not high 11's. definately feeling bearish in the short term.....

then again, this is just wild speculation, so who knows? thats half the fun  ;D





as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).


I am starting to see something interesting in the daily model. It seems a bit counter-intuitive, but it looks like the longer that price is held below $14 the likelihood of an extended rally being sparked before the end of August increases.

I'm not worried.  I'll gladly push it back from 14 for a while if it helps to solidify the future rally.

That's the way. It's all about momentum  ;D


Title: Re: Wednesday is RALLY day!!!
Post by: evolve on July 21, 2011, 10:04:03 PM
no real gains made this week...time to sell off some positions if you can (to buy back in on the weekend slump)....my guess is that we will see low 12's (the failure to break back into 14's for any major amount of time has me worried) if not high 11's. definately feeling bearish in the short term.....

then again, this is just wild speculation, so who knows? thats half the fun  ;D





as for me, i went all in at 13.1 so im holding for now...i dont see a lot of money to be made from my current position (i didnt luck out enough to get free trades from mt gox).


I am starting to see something interesting in the daily model. It seems a bit counter-intuitive, but it looks like the longer that price is held below $14 the likelihood of an extended rally being sparked before the end of August increases.

I'm not worried.  I'll gladly push it back from 14 for a while if it helps to solidify the future rally.

i hope that analysis is right, id love to see a solidly backed rally...







Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 21, 2011, 10:15:26 PM
It makes sense to me.... For a rally to ignite, there has to be enough people who feel it is undervalued.  If it moves up, it is less likely we will get enough people to form that opinion.


Title: Re: Wednesday is RALLY day!!!
Post by: netrin on July 21, 2011, 10:34:06 PM
Haven't you heard? Thursday is the new Wednesday  :D

Parabolic SAR (the dot BELOW the trend) says NOW is the time to BUY...
http://bitcoincharts.com/charts/chart.png?noheader=1&height=200&width=720&m=mtgoxUSD&i=Hourly&v=1&cv=1&c=1&ps=1&s=2011-07-20&e=2011-07-22&c=1&t=S&b=B&a1=WMA&m1=30&a2=WMA&m2=2

ADX:22.74, +DI/-DI: increasing, MACD:well... never mind that. :)


Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 21, 2011, 10:41:13 PM

Hourly sar is kinda worthless if we are trying to predict a several day rally.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 10:42:13 PM


Parabolic SAR (the dot BELOW the trend) says NOW is the time to BUY...


Indeedy. And what a nice change of trend it is to see too before the weekend doldrums. I bought back in an hour ago @ $13.55 :)


Title: Re: Wednesday is RALLY day!!!
Post by: netrin on July 21, 2011, 10:49:54 PM
Hourly sar is kinda worthless if we are trying to predict a several day rally.


If you'd missed it, we were swept by a trend!


http://bitcoincharts.com/charts/chart.png?noheader=1&width=720&m=mtgoxUSD&i=Daily&c=1&s=2011-07-05&e=2011-07-22&ps=1&r=4&t=S&b=B&a1=WMA&m1=30&a2=WMA&m2=2&i1=ADX&i2=MACD


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 21, 2011, 10:59:12 PM

Problem with that graph is the SAR is going in the opposite direction to the SMA lol


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 21, 2011, 11:22:50 PM
Does campbx opening have anything to do with this decline from mtgox?


Title: Re: Wednesday is RALLY day!!!
Post by: Cluster2k on July 21, 2011, 11:55:58 PM
Yea the problem lately though is trying to figure out when the weekend actually begins and ends lol

The weekend dip is becoming longer.  I suggest we ask Rebecca Black about the weekend and when it starts.  Friday, according to her.


Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 22, 2011, 01:08:45 AM


Parabolic SAR (the dot BELOW the trend) says NOW is the time to BUY...


Indeedy. And what a nice change of trend it is to see too before the weekend doldrums. I bought back in an hour ago @ $13.55 :)

I hope you sold before the HOURLY rally was over.


Title: Re: Wednesday is RALLY day!!!
Post by: imperi on July 22, 2011, 01:08:53 AM
The weekend dip starts late Wednesday and ends on Tuesday.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 22, 2011, 01:26:41 AM

I hope you sold before the HOURLY rally was over.

 ;D


Title: Re: Wednesday is RALLY day!!!
Post by: grod on July 22, 2011, 02:49:28 AM
I think there are now two cycles which no longer apply.

1.  The Weekend Effect -- miners have lived through enough of these to know NOT to sell on Saturday/Sunday.  They accumulate coins and dump on Monday.  Traders are still vulturing cheap coins.  There's still a bit of an effect, but nowhere near as large as the Evening Effect and Weekend Effect 2 months ago.

2.  rally/consolidate/flatline/dive.  We're far to stable to notice this cycle.

So yeah, time to change strategies.  Easy and free money was nice, but 2/3 of the total hashing power added over the last month is learning fast.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 22, 2011, 06:05:37 AM
Ok, so who here's not IN atm? (ie not including GeniuSxBoY cos its a gimme he's out atm  ;D )


Title: Re: Wednesday is RALLY day!!!
Post by: GeniuSxBoY on July 22, 2011, 06:06:48 AM
I'm 0.5 IN


Title: Re: Wednesday is RALLY day!!!
Post by: geek-trader on July 22, 2011, 06:29:31 AM
I was in at:
5 @ 17.6
3.5 @ 14.201
4 @ 13.501

tonight I sold them and bought back in $.10 lower a few times (I have free trades at MtGox)

so, I'm all back in with 12.6 BTC

(Plus I just bought a new mining rig for $592 to get 600 MH/s)

So, it seems I'm in for the long haul in the BTC scene.

(I have a few small retail ventures, and they will all take BTC by next week)


RALLY!


Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 22, 2011, 06:37:52 AM
I was in at:
5 @ 17.6
3.5 @ 14.201
4 @ 13.501

tonight I sold them and bought back in $.10 lower a few times (I have free trades at MtGox)

so, I'm all back in with 12.6 BTC

(Plus I just bought a new mining rig for $592 to get 600 MH/s)

So, it seems I'm in for the long haul in the BTC scene.

(I have a few small retail ventures, and they will all take BTC by next week)


RALLY!

Thank you for helping to build the bitcoin economy.


Title: Re: Wednesday is RALLY day!!!
Post by: geek-trader on July 22, 2011, 06:43:06 AM
if you are into Formula 1 racing, keep an eye on http://usgpatx.com/  I'll have T-shirts and more available for PayPal and BTC by next week.


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 22, 2011, 06:46:30 AM
Yea feels a bit odd being on a slight uptrend leading into a weekend. I'm used to watching the price slowly drop by this stage of the week.


Title: Re: Wednesday is RALLY day!!!
Post by: Bitcoin Swami on July 22, 2011, 07:11:24 AM
Yea feels a bit odd being on a slight uptrend leading into a weekend. I'm used to watching the price slowly drop by this stage of the week.

I agree, I was about to go to sleep and see some big buys coming through might stay up to see what happens.  Someone needs to make an alarm app to wake you up when the price passes a certain level up or down. :)


Title: Re: Wednesday is RALLY day!!!
Post by: Oldminer on July 22, 2011, 07:19:24 AM
Yea maybe were going to have a Tuesday on a Friday? 'Rally day' (if we have one) has been getting later and later in the week.


Title: Re: Wednesday is RALLY day!!!
Post by: notme on July 22, 2011, 07:21:57 AM
Yea feels a bit odd being on a slight uptrend leading into a weekend. I'm used to watching the price slowly drop by this stage of the week.

I agree, I was about to go to sleep and see some big buys coming through might stay up to see what happens.  Someone needs to make an alarm app to wake you up when the price passes a certain level up or down. :)

Bitcoin ticker for iPhone does this, but it's not 100% reliable.


Title: Re: Wednesday is RALLY day!!!
Post by: piramida on July 22, 2011, 07:55:51 AM
bought 50 at 13.5, still holding and I guess will be for some time. if price goes to 12.5, will buy another 50, and so on for every 1$ slide down :)


Title: Re: Wednesday is RALLY day!!!
Post by: bitcoinBull on July 22, 2011, 07:56:12 PM
I heard there was supposed to be a Battle of the Bids.  Who called a truce?


Title: Re: Wednesday is RALLY day!!!
Post by: proudhon on July 23, 2011, 01:17:24 AM
bought 50 at 13.5, still holding and I guess will be for some time. if price goes to 12.5, will buy another 50, and so on for every 1$ slide down :)

Good to know I'll have somebody to sell to into oblivion.


Title: Re: Wednesday is RALLY day!!!
Post by: piramida on August 01, 2018, 05:55:13 PM
bought 50 at 13.5, still holding and I guess will be for some time. if price goes to 12.5, will buy another 50, and so on for every 1$ slide down :)

Good to know I'll have somebody to sell to into oblivion.

Yes I'm always here for you hon. Sell me your worthless $12 bitcoins.


Title: Re: Wednesday is RALLY day!!!
Post by: CptWhsikeyjack on August 01, 2018, 05:57:30 PM
Oooooooooooooooooooooooooooooooooooh!!!



I can't waaaaait!!!
Doesn't look like that. Most of the coins are just recovering because BTC went down.


Title: Re: Wednesday is RALLY day!!!
Post by: gembitz on August 12, 2018, 01:11:03 AM
bought 50 at 13.5, still holding and I guess will be for some time. if price goes to 12.5, will buy another 50, and so on for every 1$ slide down :)

Good to know I'll have somebody to sell to into oblivion.

Yes I'm always here for you hon. Sell me your worthless $12 bitcoins.

BTI is the new bitcoin to go from NOTHING to the moon :) #hodl

===>

https://freiexchange.com/market/BTI/BTC