And as you can see, most of the dumbass are bullish according to the poll  It is exactly this kind of thing that made me vote for why Bears are irritating. Over-optimism is one thing. Lying and FUD are quite another. |
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based on wishful thinking?  korea pop? By the way, there was a 6-month runup. So, today is an equator of a 6-month pop  That's quite debatable ;-) It was almost millpond flat for the majority of the first three months. |
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These negative divergences against rises in price have been VERY VERY accurate indicators of moves down:We have the longest one yet. I'd say the price is really wanting to adjust down but those huge buys with walls changed a bit of the natural movement. Will be interesting to see what happens.  Isn't the reality exactly the opposite of what you say? The price really wants to move up, but there is a huge wall preventing it? Blinkered much? This isn't so much "my" opinion as it is years of TA analysis. A negative divergence of down volume on up price is one of the more reliable divergences in TA (though none are fool proof.) Regarding your question, you are missing the important variable in the formular - Volume. If price wanted to move up it would buy, the coins are there, wall or not. Nothing prevents anyone from buying. Looking at the recent history in the chart (and it's consistency of a down move in price after a negative volume divergence), we should not only correct, but correct hard as this divergence is a bit longer (thus far). The unknown variable, per say, is that we are oversold. RSI is heading higher while the price remains low, one could argue that is a good divergence. (Though not very strong, the price is moving up.) IAS You may not know it, but your (subconscious) biases are showing through in your TA. Why select some volume movements as "flat" (when they are going marginally up), but "down" (when they are going marginally down). See, I can draw lines to illustrate a point too:  Of course, my lines and arrows prove nothing -- other than showing that your lines and arrows prove nothing too. In terms of volume -- in the short term, people are waiting and seeing right now. If the wall at 80 comes down, there will be a bigger buy-in, and the next volume bar will be bigger. The longer it takes, the bigger it will potentially be. Things are a bit confuised right now as the market has been put off by dumpers/manipulators all along. |
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These negative divergences against rises in price have been VERY VERY accurate indicators of moves down:We have the longest one yet. I'd say the price is really wanting to adjust down but those huge buys with walls changed a bit of the natural movement. Will be interesting to see what happens. Isn't the reality exactly the opposite of what you say? The price really wants to move up, but there is a huge wall preventing it? Blinkered much? Aren't ask walls great if you want to buy? For quite a while just bid walls were eaten or withdrawn. Yes, this has been a great opportunity to double down. |
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These negative divergences against rises in price have been VERY VERY accurate indicators of moves down:We have the longest one yet. I'd say the price is really wanting to adjust down but those huge buys with walls changed a bit of the natural movement. Will be interesting to see what happens. Isn't the reality exactly the opposite of what you say? The price really wants to move up, but there is a huge wall preventing it? Blinkered much? |
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The price seems to be beginning to show more resilience to large sell-offs, despite the large wall harshing the bull-buzz. I'm seeing lots of people selling as soon as the price recovers close to $80, but there (so far) hasn't been significant downward pressure.
If we haven't reached the bottom, we are not far from it.
Its just 100-110 all over again. Then it dropped to 64  Nice story man. Irrelevant story though. |
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Let me guess... the solution is that everyone should buy FTC? |
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Hope
Today: 18,699.49 sold 17,676.04 bought It's hard to make a case for hope with that not being in favor of buyers. The case was for the bounce if you refer to the image graph you can see that its similar to hope  https://mtgox.com/This chart is just f***ing awesome. A bunch of people investing and singing from the same songsheet! LOL Seriously, this is no different from people basing their decisions on the bible. The true bottom (which is either already in, or not far off), is a fantastic opportunity to profit from people who blindly adhere to such faith. |
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Hope
Today: 18,699.49 sold 17,676.04 bought It's hard to make a case for hope with that not being in favor of buyers. Basically even then. The stat isn't very useful anyway -- obviously an equal number were sold as bought, but more were sold at market price than bought. However, this is not a very good gauge of the direction of sentiment trend change. What is interesting to know is, overall, what was the age of those bids in the orderbook, and how that age has changed recently. (i.e. how many of the bids are relatively new). |
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The only whining noise I see here is you.
Bitcoin is dead, huh?
Funny, people said the same thing in 2011. They look ridiculous now. Just like you.
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The price seems to be beginning to show more resilience to large sell-offs, despite the large wall harshing the bull-buzz. I'm seeing lots of people selling as soon as the price recovers close to $80, but there (so far) hasn't been significant downward pressure.
If we haven't reached the bottom, we are not far from it.
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人盟比特币开展已经超过一个月了，谢谢大家一个月内对我们的支持，我们还是会秉承我们一贯的宗旨：我们是作平台的，所以我们会一直保持中立的态度了立场，同时希望能在网站的建设和服务上不断有新的突破。也希望我们的用户能一直使用我们的网站，也欢迎更多的朋友加入到我们的网站中
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第四部分的线索也已经公布了，大家来挑战一下吧  |
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Sellers wising up? After all, why sell something at a loss?
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Good business sense... cheap publicity (groan). I'll visit when I'm back in the UK, if only for the novelty factor...
I'm looking forward to seeing $115 breached today... going to be fun.
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"People were just buying my wall at 107.4"
"I know, I'll drop it to 107."
Retardation. Just forget about your shorts already. It's easier that way.
There's a massive reason to buy, right there: The only way the market falls is through manipulation...
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Am I the only one that cried a little with joy when that wall was owned today... but price just bounced back? :')
You're doing it wrong. Turn the chart the other way around. (EDIT: unless I misread and you were overjoyed at the bouncing back bit) As in, a few thousand bitcoins sold and price only dropped $2 and has stabalized around there.. Who thinks manipulation? Or just a big fish getting eaten by a bigger fish? Ah right... carry on then :-) I was watching those sells live on Bitcoinity. It certainly looked like they were stacking up specifically trying to bring the wall down. Then as soon as the wall was gone, no more major sells... I don't know about "manipulation", but "rationality" certainly seemed to be on the buyers' side (especially since the wall was $5 lower than the high....) |
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OMG fractals   |
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The article you reference thinks otherwise. I'd rather hold CNY than USD. |
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Am I the only one that cried a little with joy when that wall was owned today... but price just bounced back? :')
You're doing it wrong. Turn the chart the other way around. (EDIT: unless I misread and you were overjoyed at the bouncing back bit) |
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