Ok, we're back in the 90's. What's the consensus here? Up up and away or down below 80?
We might rally a bit here but I have the feeling it is going to be met with heavy sales. This market is tough to call. I am curious about what the volume ends up being today. I bet the volume is lower tomorrow on a move up (Another negative divergence) and then another big drop down to follow. That has happened on the last 2 bigger down moves recently. Basically, I don't trust what I am seeing (if that makes sense...) |
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That brought things back down quick. Notice the volume.
whats name of this site ? Great to monitor the wall, nice real time updates... http://trading.i286.org/ |
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That brought things back down quick. Notice the volume.  |
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its not my duty to post this message, i just kindly informu you of they scam
Come on, someone can just post the opposite and it's their word against yours. Just take a pic, remove the personal data (if any) and post it here. Otherwise there is a good chance you might get banned, honestly. You can't post stuff like that without verification. Generally I find you harmless (funny actually) and haven't ignored you, but since you are one of the most ignored people here, you should back your claims. |
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Wow, look at how Bitstamp is cutting into Gox's volume. I wonder what will happen once (all) wire withdrawals are enacted again (this week?). Also note China is climbing, but still VERY small - no real impact.Gox can't have anywhere near 80% anymore. What are the latest numbers, anyone? 
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Nice sucker rally ongoing, I wonder how many bulls are still in the mood to get burnt trap after trap.
I was waiting for someone to say this... figured it would be you.  The wall below 90 went up just to quick. Someone is trying to walk the price up again imo. edit - The buy sizes are larger today, so maybe we do bounce... I was tempted to buy in yesterday when Bitstamp was at 92 (now at 95) but the spread is just too large. It is a large gamble for a small return. Regarding candles, I would never never try to buy in at the bottom of a big red candle, just too risky. Hammers on the other hand are maybe's, especially with volume... oops on the sideways one on the right (I don't feel like re-editing.)  |
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$88 here we come
I missed you so much
As our friend Blitz would say, "The Great Dollar Extraction" is on.
Are you getting 88 from the move up (before the bubble)? Or are you extrapolating somewhere? My number is 82 but as I've said, I don't know that I play a bounce there. This could get violent as large holders might want to sell their coins before others. After all, we are under 100, solidly now... Are you saying 82 today or soon? I only meant it could happen if we break 90 (solidly). I would say in the next few days it is VERY possible. I'm leaning towards probably. I won't take part in any bounces unless the signs say it isn't fake - and that is hard to know. The order book is very manipulated. |
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$88 here we come
I missed you so much
As our friend Blitz would say, "The Great Dollar Extraction" is on.
Are you getting 88 from the move up (before the bubble)? Or are you extrapolating somewhere? My number is 82 but as I've said, I don't know that I play a bounce there. This could get violent as large holders might want to sell their coins before others. After all, we are under 100, solidly now... |
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That was interesting. I left sounds on for sales of 10 or more and as I came home and walked in the door I just heard the lower tone going off and it wasn't stopping.
I thought "That has got to be in the thousands..."
Funny thing, I had a flash of that on the walk home. Coincidence?
Regarding the downward price movement, it is what I've been saying - Look at the size of the sells compared to buys. They are often much much larger.
The chart tells you a little bit of that, but you need to be watching the tape to appreciate it.
Anyone know of a tool to compare sell sizes to buy sizes? I know of no volume indicator that does that.
Even if there was one, the danger we all face (if holding) is a big seller coming on and just dumping a bunch. As others have said, the bids are lined up
there for the taking.
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Where are people thinking the bottom for today is? Right now on Gox we have some walls to get to 92, and a large wall to get to 90.
Without looking at the market depth (just the chart), $87 is the first stop, then $80. $80 is a bounce I might play but generally I'm looking for a real bottom, but we are probably months from that... maybe we can find some support at yesterday's low (93.70) then it's outside the triangle $ 92 (as 3-day mimimum and bottom of the past 2 months) then 90 - round number ... and then the real band 79-88 $, there we would remain for several weeks, if not charge panic.  Oops, yes. I meant if we broke through 90... I think $82ish is the magic number below 90... |
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Where are people thinking the bottom for today is? Right now on Gox we have some walls to get to 92, and a large wall to get to 90.
Without looking at the market depth (just the chart), $87 is the first stop, then $80. $80 is a bounce I might play but generally I'm looking for a real bottom, but we are probably months from that... |
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Your choice: Daily Chart  4 hour chart (Double Bottom)  If we break 90 it might get ugly... |
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Look at chartbuddy. Notice on the sell side there is a wave that is starting to rise? (Sort of like how a waves rises and then forms and throws over. It is the rise from the rest part.) It sort of "washes away" buy orders. I call it "The Breaking Wave" and it has preceded large sell offs before... |
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Looks like the sucker rally is stalling. Even for a Sunday this is low volume.
yes very low volumes, but I'm not surprised: Why would buy now the one who waits cheap coin? And why would sell to whoever could sell for 130-100? I believe that when we see another direction, trading volume will be better. So predictable. A rally on low volume and then a sell order for 783 BTC's comes through and knocks it back down. People holding know we are going down and just sell into any rally, especially those without volume. I imagine if there is a rally on volume they might ride it a bit... |
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And look where the "indecision" or push back is. My opinion under pic. 4 hour period chart  (Hint - top of candles on up moves. Those are reversal candles in the last 8 hours.) Even the last move up on the 28/29th had those long wicks (but below as well, which is indecision generally.) |
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Trying for a breakout as we speak.
Yes, but you might have the direction wrong. I'd say "breakdown" and out... (Not every time, but more times than not and you also have to consider resistance is right above it.)  |
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Nice Otoh! What do you think about that sell mention over the last week?  Please add to, comment on or criticize what I've said! I'm going to run through this quickly, perhaps I'll edit more in later. Excuse me for the quickness. Things are really interesting right now. We have Venus, Mercury and the Sun transiting through BTC's 12th house. (Venus is about ready to come out in a few days though.) This is often a difficult time (for people). Things coming up from the unconscious, things we don't want to face and that we have repressed. The 12th house is a bit of where we are vulnerable or naive. It is also a very spiritual house, so it depends on the individual. The sun and Mercury are in the sign of Cancer, so it is about things close to us, the home, family, etc. Also, a very emotional and watery sign. (Right now the moon is sitting on our Midheaven, so this sort of adds to that over the next day or so. Uranus is there too - conjunct.) Mercury is about communication, how we process information, etc. Venus is our relationships to self/others, beauty, art, etc. So, in a way, we are going deep into our perception of what is BTC - How do others see us, understand us. What do they think about us? And be careful of naivety here, almost a manipulation by others (is possible.) From Cafe Astrology: Sun Transits the Twelfth House
For the next month or so, the Sun travels through your twelfth house, marking a time of retreat and regeneration. Think about the attachments you have--to things, people, and routines--and consider which ones are dragging you down. This is a time when competitive energies and the ego are on a bit of a break. It's not the time to push ahead with brand new projects. Rather, it's a time of reflection, dreaming, and recharging your batteries. Situations that have naturally outgrown their usefulness in your life can now be put behind you. Endings of natural cycles may be part of the picture at this time of year. Your energy is largely applied to personal and private affairs now. Your disposition is introspective. Rest and reflect, and prepare for a more outgoing cycle when the Sun moves into your first house. Of note, Jupiter will be going through the 12th house as well, starting in around 2 weeks. Than can be particularly difficult. But the Sun coming out can be a nice time (End of July). Also from Cafe Astrology. Jupiter transits your twelfth house, benefiting activities that take place "behind the scenes" or otherwise privately. This is a cycle in which you become more compassionate, empathetic, and sensitive. Jupiter in the twelfth house is said to offer one spiritual protection. It's a cycle in which you can rid yourself of self-destructive tendencies, deep-seated fears, and deeply-ingrained tendencies towards guilty feelings, acting much like a guardian angel. You are more able to get in touch with your subconscious mind. Charity, giving anonymously, contributing to altruistic endeavors, volunteering, and helping others without expectation of reward will be most fulfilling during this cycle. Work that involves serving others may begin now and bring you much joy. Your dreaming world may be rich, lighter, helpful, and more intuitive. Meditation and retreats may be particularly beneficial to you now, acting to regenerate and invigorate you. You may pick up metaphysical studies, dream interpretation, or research during this cycle. Some people enter into a private romance during this cycle. In general, help seems to be there when you need it. You are building your faith now. This is a time of spiritual renewal. I don't see summer as a particularly good time for BTC (or stocks for that matter), but it looks like we are laying some foundation to go forward. I expect big things from Bitcoin around the end of the year and into next year (as the audio astrology reading mentioned.) IAS |
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I want to say there is a bounce coming as things are oversold, but divergences with volume and price are pretty reliable indicators so far. (And even if we bounce, the more time we spend below 100 the more it acts as resistance imo.) Look at what happens when we go up on lower volume than the day before. It is a KEY sign in trading, quite reliable most of the time. Let's see how today plays out but I'm still guessing down from here over the next few days:  |
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▼ mtgoxUSD 95.7259
▼ bitstampUSD 89.0500
▼ btceUSD 89.9860
It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.
The amount of Bitcoins for sale on bitcoin.de has jumped from 4k to 5.5k recently. But the price there is in line with Gox. Have a look at their order book. Once you find a buyer for your coins, the price is pretty close to where you are coming from. Really really interesting, an illusion of sort (at least according the market depth). Shows me the market is really dissolving. Unless a few big buyers come in, this might get ugly... |
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