 CCMF? You're going to go insane if you look at 3 minute charts all day. |
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if we break 610$ today i would say we have a new uptrend  dont look back at emptygox. It almost seems as if someone at Bitstamp is attempting to FORCE that to happen so that people will think this. |
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It's sad to see hope dead cat bounce all the way down. First it's the (fairly reasonable to begin with) hope that withdrawals will start again, albeit limited. Then it's the hope (less reasonable) that Gox is being bought out. Now it's the hope that 750k Bitcoin is in cold storage with some kind of key problem. I'm feeling every stage.  What makes you think the market is all about gox now? Thare are so many bullish things going on right now that have nothing to do with mtgox - mtgox is just the flavor of the month right now. I think this sudden immense support on bitstamp is coming from investors who are investing in, you know... bitcoin. Not mtgoxcoin. |
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Maybe the bear mood finally got me, but I wouldn't be surprised if we end up not only at the daily EMA200, but the 300 again.
re: "this rally has legs"... that's exactly what I'm doubting, and as much as shorts can be seen as a "load down coil", it can also be the suppressor that keeps it down. I would have really liked to see us go through 620 on decent volume, but neither are we near that price, nor did volume keep up. Maybe it's a resting state after being overbought, but right now, I'm as skeptical as I was on the 23rd (i.e. when we were at 640/650, before dropping back to 400). Not saying that'll happen again, but like I said: my sentiment is short&mid term bearish, and it takes some more to convince me we're turning around this time.
You were expecting to go through 620 right away? You need a 60%+ rally, and the 53% rally wasn't good enough for you? Keep in mind most btc recoveries only rally 20% on the first leg... Also can you explain the "supression" effect. How do shorts continue to prevent the price from going up on an ongoing basis? Even if it did, I still think that's a good thing to have on your side when you're opening a long. The opposite would be when everyone else is leveraged long, and they are all waiting for a point to sell... Or do you consider that these longs magically cause on ongoing rally also? |
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Omfg!!! Panic buy!!' Lol
Never a dull day in bitcoin - people wonder why I don't follow sports
You guys make such a big deal out of the smallest things. "a 700btc order was purchased. The price went up 1%". It's just like sports commentators. "Wow he threw the ball". |
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800btc wall at 580$ on stamp. Wasn't this wall 10 hours ago at 599$?
One question: Does it make sense as a big whale to try to keep the price with such walls down? Maybe because the price rise is to quick?
It makes sense to sell into a 50% increase out of nowhere, near major resistance levels. You mean that 50% increase the last days? Hm, but obviously he is not selling, when he just keeps up walls? So he doesn't take slippage by dumping. |
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800btc wall at 580$ on stamp. Wasn't this wall 10 hours ago at 599$?
One question: Does it make sense as a big whale to try to keep the price with such walls down? Maybe because the price rise is to quick?
It makes sense to sell into a 50% increase out of nowhere, near major resistance levels. |
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Rocket primed, last chances to get in. Chart is clear as day... triangle closing...
On what chart 1hr? 4hr? i can see it on all charts, just a matter of timing.. triangle closing soon.. anytime in the next 10-11 hours i guess. Will be interesting to see if it does kick up or what. I'm finding it hard to make out a 'triangle' on any chart right now. |
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200EMA is always a good place to buy. Except that one time in 2011...
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Any predictions on when the breakout is going to come and is it going to be up or down ?
Short term breakout down. Then midterm breakout up. |
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I don't get it. Are we going into Mark's romantic life now?
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wow bitcoinbuilder looks crazy. 500+ btc @ 0.065  It's actually just 500 GOXcoins, which is worth 13btc at that price. |
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What if the next ATH... is $1243.
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You know why it makes you nocturnal in the US, and me nocturnal in the UK?
Because all the main market making n breaking action is coming from those of a Far East time zone persuasion.
What does that tell ya?
It tells me the two of you aren't as smart as you keep telling each other you are. I'm in the 'eastern' time zone and apart from the Gox closure crash the other day volume is always very slow on Stamp during the 'day'....it picks up around 7pm local when Europe is getting up and hots up later as the US responds. Major upswings/downswings tend to have happened between 6am and 9 am local, corresponding with the West Coast being in full swing. Apart from between October to December last year, its pretty much always been like that since last March at least. The only advantage one gets being in the East of the planet is you see the news stories break and develop before they hit the global daily cycle. But of course, as everyone here keeps telling me, news and sentiment have no impact on BTC. 6am is not the west coast being in 'full swing'. Most people are not even awake yet at 6am, and most people start work at 9am. |
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All we need now is some hapless bears to dump and start the bull shark feeding frenzy. Keep spreading FUD. The trap is set. Now all we need is bait.
Now I'm not being bearish here but I think it's almost a certainty that the current chart is overbought and that we need to retest some level around 500 to 'complete' the chart. Unfortunately, this might not happen until some bears come along and help it happen with FUD. At that point, when the FUD is driving it down and it's reached 500, the FUD might be so strong you might no longer think 'oh 500 the excellent buying opportunity I've been waiting for". You might instead think that it's going to 400 or even that 400 was not the bottom after all and that it's going to even lower levels. Then suddenly the price will rebound back to 600 and you'll be left with no coins, feeling like an idiot. |
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We have seen huge bid depth on Gox before.....
Itīs probably just whales trying to calm everyone down, tryin to protect their investment. I wouldnīt bet on it that all buy walls are real.
Or someone is painting the orderbook , to animate the sheeples to buy. Don't bet on walls! I'm not saying those walls mean buy now or that they are impenetrable. But I am saying that walls are a general indicator of the amount of strength that is there. The more vertical and consistent the bid looks, the closer you are to having hit bottom. It should start looking like one giant wall rather than a collection of individual walls. I know this can theoretically be faked, but in the past it has served as a very reliable indicator (at least from my point of view). The time inbetween bubbles is basically time spent building walls. When a bubble first pops, the walls are very scattered and inconsistent looking with all kinds of cliffs for the price fall of. Once the proper arrangement of walls is reconstructed, then the rally is ready to resume. |
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Some of you should consider selling, this upcoming shitstorm about Mt.Gox is goin to be evil and might last a few weeks/months.
It is not at all comparable to Silkroad.
Looks like some whales on stamp would LOVE a shitstorm and have set nets for it.  We have seen huge bid depth on Gox before..... Itīs probably just whales trying to calm everyone down, tryin to protect their investment. I wouldnīt bet on it that all buy walls are real. I would bet that for every buy wall there, there are 3 dark orders also. |
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Some of you should consider selling, this upcoming shitstorm about Mt.Gox is goin to be evil and might last a few weeks/months.
It is not at all comparable to Silkroad.
Looks like some whales on stamp would LOVE a shitstorm and have set nets for it. There are only a handful of things I look at to determine if were bottom: the volume, the technicals, the orderbooks, and the log trendline. I don't care about silly gox and speculating about news events. |
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