risk-on people. RISK-ON!

Turns out he was right. 4/20 ftw!

I'm counting roughly 30k. Suspiciously good call. (/adds SkRRJyTC to suspect list)

I'm more comfortable with a relatively slow and steady rise. Maybe the market has learned not to like strong breakouts since they tend to be followed by sharp corrections. For the time being, anyway...

$5.0 now bigger than $5.2.

For all the harping of gold bugs about manipulation, I agree with cypherdoc that there's a good chance they'll eventually come around to bitcoin.

The smart ones maybe even before bitcoin is also being traded on COMEX 

Your magic 8-ball seems to have switched from "down" to "up".

Right. So the question is whether there's already enough 'dry powder' to kick the volume up, or if there will be a sell-off first.

I ran into this problem last year. Talked to managers at several different branches (Chase) who kept insisting it was impossible for me to push ACH and that what I actually wanted to do was pay the fee for a domestic wire transfer. Turned out that I had to set up a business account, and pay an additional monthly fee for the ability to initiate ACH transactions.



I don't think this is true. You need the bank login/pw to confirm the Dwolla verification deposits. Anyway, eCheck fraud isn't the problem. Bitcoin exchanges are facing this type of online bank fraud (deposit verification + ACH pull) because the bank account log-ins that can do ACH push (like payroll accounts) are defrauded more directly through reloadable debit cards or money mules (http://krebsonsecurity.com/2012/04/thieves-replacing-money-mules-with-prepaid-cards/).

I think the huge volume down on Feb 13-16 (300k BTC alone on one day) was the seller climax. Mr M bought most of those coins.

Sellers have been waiting to buy below $3.8 (and growing increasingly impatient), but I doubt that Mr M will be selling coins for cheaper than he paid (he is much more patient). Those who sold at the low end up buying higher - not the reverse.

double digits. prediction enshrined.

I like OBV, it seems as good as any other indicator and has tracked bitcoin price pretty well in the daily chart above. Look at the all-time highs ($32 and $7) and the all-time lows ($2 and $4) - they are almost perfectly aligned at 2000 and 400, respectively. OBV isn't an oscillator, so its either been a fairly accurate cumulative measure of bitcoin money-flow, or that alignment was pure coincidence.


This is exactly what happened in the correction from $7.2. That's why OBV is near the low at $2, but price is not.

In order for price to recede from $5 without the OBV plummeting to a new all-time low, bitcoin would have to trade downwards on very low volume.

Ain't that a truism!

Technical charting works great on price. But when price is sideways, how can we quantitatively analyze volume?

Let's throw OBV in the mix.

$curtime is set to 0 and never to the current time, so ($curtime - $a['date']) is negative and never > (60*15).

add:

$curtime = time();

last one for now.

open to interpretation, but I see signs of an upward trend..

Thanks! I see what you're talking about now.. so ADL has been rising for the past weeks because we've been seeing a lot of longer-tailed hammer-style candles (like today's candle) - from sells dropped onto bids that refill.

Sells have slowed to a drip whilst the bids keep filling up. I have a hunch that sellers are tapped (could be wrong though).

weak! Looks like the 'crossover' on Feb 20-22.

On second thought, I think Mr. M flashing the bid wall before switching to an ask might've been a signal that he's been accumulating below $5..

Remember when he flashed a big ask wall around the $2 bottom while he had the bid walls up?

lots of asks and yet it it seems nobody is selling.

I wonder where it'll go when those asks get removed?

Its a little early for that. one of us will be disappointed yet.