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massivebitman (OP)
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July 21, 2013, 04:21:07 AM |
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Despite the 1k buy wall at 89, and 1k wall at 88, something very interesting has been happening on the sell side...
It just keeps getting higher, and higher, and higher.
On the other hand, the buy side is staying about the same.
This looks exactly like what was happening before when we dropped to the 60s.
The wave is rising, and it's only a matter of time before it crashes, imho.
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 21, 2013, 04:24:35 AM |
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maybe
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 21, 2013, 04:50:57 AM |
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What are you on about? It's 6k to go $5 up, and 11k to go $5 down.
On a Sunday, traditionally the weakest performing day. On a market desperately needing arbitrage to go down.
If there is any blood spilled, it will be from people believing melodramatic threads like this.
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chufchuf
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July 21, 2013, 07:04:52 AM |
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Yes Beargasmfail logic once again- 11k to go down 5k to go up, never mind that, Beargasmfail solves such issue with I see bananas in my brain language.
90 with all the massive withdrawal issues at MtGox, looks like a BeargasmFail reloaded.
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Tzupy
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Activity: 2128
Merit: 1074
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July 21, 2013, 07:05:45 AM |
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The bears know it's going to drop, but don't want to spread the word to everybody.
The bulls are in denial, or have secretly turned to bears.
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Sometimes, if it looks too bullish, it's actually bearish
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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July 21, 2013, 07:31:08 AM |
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I disrespectfully disagree.  |
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Kluge
Donator
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Activity: 1218
Merit: 1015
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July 21, 2013, 07:37:18 AM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!"  |
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jspielberg
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July 21, 2013, 12:07:56 PM |
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What are you on about? It's 6k to go $5 up, and 11k to go $5 down.
On a Sunday, traditionally the weakest performing day. On a market desperately needing arbitrage to go down.
If there is any blood spilled, it will be from people believing melodramatic threads like this.
In a logical market where the playing field is level... I would agree. The whales however see that as a prime opportunity to dump 10K shares and only change the price by $5. The problem is... everyone see 10,000 BTC being sold and panics. |
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codesuela
Member
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Activity: 74
Merit: 10
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July 21, 2013, 01:31:42 PM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!" that was great |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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July 21, 2013, 03:10:45 PM |
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The drop has started, but has not gained momentum yet. All it takes is someone to dump 2k at the 88 wall, and then down we go.
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Sometimes, if it looks too bullish, it's actually bearish
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massivebitman (OP)
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July 21, 2013, 03:34:17 PM |
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The drop has started, but has not gained momentum yet. All it takes is someone to dump 2k at the 88 wall, and then down we go.
Well that's 1 of 2k dumped... There's really no way that so much free BTC from the Satoshi dice sale, won't have an impact.. I wonder where the price will be when I wake up. |
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mobile
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Activity: 400
Merit: 250
the sun is shining, but the ice is still slippery
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July 21, 2013, 03:43:45 PM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!" that was great lmao, good comedy right there folks. In response to massivebitman, Im not too worried. Its the weekend. Not to mention Walls can & will move pretty quickly. What happen to all the FUD of the market dropping to 50$-30$ a couple weeks ago? $66 quickly recovered to $86 which quickly recovered to $100. Ah the beauty of volatility from a traders perspective... |
1 MoBi1eNbqh8QMuvtZjYzQGV8NEckJJYcT rep| GnuPG <3 CLAM <3 |
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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July 21, 2013, 08:21:17 PM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!" This made me laugh; thanks! |
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damiano
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Activity: 1246
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103 days, 21 hours and 10 minutes.
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July 22, 2013, 02:54:57 AM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!" Best post I have read on here lol |
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Kluge
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Activity: 1218
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July 22, 2013, 03:05:50 AM
Last edit: July 22, 2013, 03:49:56 AM by Blitz |
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I know for a fact that ineededausername's girlfriend has to put up with that. He sends her emails of his analysis of charts on the hour, every hour, and she's just sitting there wondering wtf he's talking about.
Censored identifying data. -Blitz
2/24/13 22:33:12: falling wedge bullish reversal spotted
2/24/13 22:39:02: 3k ask wall falls. RAAAAAPE!!!
$150?!
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rampantparanoia
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July 22, 2013, 07:31:24 PM |
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What the Hell do you guys view daytrading as? An epic, seemingly-endless struggle between a couple ax-wielding maniacs? Yeah, I know you guys.... sitting around in your offices with toy soldiers making sound effects to yourself while staring at real-time charts, hyped up on energy drinks. Your wife and kids are asleep, and suddenly you shout "BOOM!" The family wakes up to discover a 1kBTC ask wall was FUCKING DEVOURED and the price consequently rose $.25. They go back to sleep, justifiably annoyed, to awaken an hour later to "C-C-C-COMBO BREAKER!!!" killer instinct reference ftw |
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