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Question: Sept. 21 Closing Price:
$0 - 3 (3.6%)
<$8,000 - 4 (4.8%)
$8,000-$8,500 - 1 (1.2%)
$8,500-$9,000 - 1 (1.2%)
$9,000-$9,500 - 2 (2.4%)
$9,500-$10,000 - 5 (6%)
$10,000-$10,500 - 16 (19.3%)
$10,500-$11,000 - 17 (20.5%)
$11,000-$11,500 - 17 (20.5%)
$11,500-$12,000 - 5 (6%)
>$12,000 - 7 (8.4%)
>$20,000 - 5 (6%)
Total Voters: 83

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21368145 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (106 posts by 21 users deleted.)
Piper67
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May 27, 2013, 11:16:07 AM
 #11121

Money is leaving Gox ($4.5M vanished from the order book in the last 10 days) and it's not arriving to Bitstamp for the moment (just aprox. $800k on Bitstamp's order book, which is a ridiculous figure).



Money leaving the orderbook does not equal Money leaving Gox
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May 27, 2013, 11:27:19 AM
 #11122

Money is leaving Gox ($4.5M vanished from the order book in the last 10 days) and it's not arriving to Bitstamp for the moment (just aprox. $800k on Bitstamp's order book, which is a ridiculous figure).



Money leaving the orderbook does not equal Money leaving Gox

It's not equal but it's definitely related. Having fiat sitting idle on an exchange is pointless.

About CMF: buying pressure is non-existant at Gox ATM, this is a fact. I'm definitely expecting a considerable dip, rather sooner than later, before approaching $166.43

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May 27, 2013, 11:37:02 AM
 #11123

It's not equal but it's definitely related. Having fiat sitting idle on an exchange is pointless.

About CMF: buying pressure is non-existant at Gox ATM, this is a fact. I'm definitely expecting a considerable dip, rather sooner than later, before approaching $166.43

Fiat idle on MtGox? There's probably more fiat idle then on the orderbook. I'd actually be shocked if most people have 100% of their fiat locked in with bids. It's a pain to move fiat off and on the exchanges.

4.5M off the orderbook doesn't really seem like a big deal to me. MtGox is losing some market share, other then that, are we suppose to panic buy or sell?  Wink

And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much.
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May 27, 2013, 12:08:24 PM
 #11124

[...]

And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much.

To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes :D
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May 27, 2013, 12:29:54 PM
 #11125

[...]

And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much.

To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes Cheesy

I pretty much agree with your analysis.
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May 27, 2013, 12:35:36 PM
 #11126


We mock you because:

A) you are not consistent in your analysis: for example, the day after Dwolla you predicted Bitcoin was going to be destroyed by the US, that price was going to plummet, etc... And now you say it's going up up up. Ad BTW: if you got scared by the Dwolla thing, you are a retarded. One month ago there were the same chances of Gox being shut down than today. If the US decides to go after Gox/ Bitcoin there will be no prior warning, their action will be sudden.

Actually the price did plummet and I told you all to sell at 119, 118, 117, 116, 115, 114, 113, 112...etc.,etc.  Now, why would I be scared?  I have nothing to lose here.  As for my "analysis".  You must mean "perfect".  No, my speculation is not perfect, but it's more accurate than most I see here.  If it wasn't, you'd be falling all over yourselves quoting every missed speculation.  My guess, you did research my history and see accurate prediction after accurate prediction.  That's not arrogance....that's a matter of fact.  

You see, because I am not blinded by ridiculous basement ideologies, I can see clearly.  Here's the totality of most of you guys (and gals) speculation:

"It's going up today!"  "We're going to the moon!"  "Choo choo!!"   Grin

Really?  How can Bitcoin or anything for that matter, always go up?  Is that what you guys call analysis?  Speculation?  This thread should be called the "Delusion Observer", because with the exception of a couple here, that's all this is.  Delusions being supported by likeminded delusions.  I guess if you only ever say Bitcoin is going up, it's like a broken clock being right twice a day.  Genius strategy.  All your silly graphs with lines that go....wait for it....UP!   Grin

Quote
B) you are clearly uneducated about Bitcoin, you do not understand why it was created and how it works, and you expose these two facts every time you express an opinion... But at the same time you seem to think you are smarter than average, which under the light of the facts is pathetic and ridiculous.

What's more pathetic is how cool I thought Bitcoin was.  How excited I was to accept Bitcoin at my business.  How I wanted to do anything to help Bitcoin achieve mass adoption and then...I met most of you ideological "Crazies".  How foolish I felt.  You showed me very quickly what Bitcoin was and the selfish, anti-American, and most importantly, anti-humanity values most of you espouse.  

Now, I only want to see Bitcoin survive under the strictest of regulations.  What you dream for Bitcoin to be, I would stand with the USG to stop you.  Because in all of their unrighteousness, it doesn't hold a candle, to the world of destruction you internet libertarians want to see come to fruition.  And why?  Because of a nerd mentality that's tired of being picked on, tired of not being popular and tired of not having any power.  Most of you don't have any other cause than to swap the current greedy bankers, with yourselves.  So transparent it's sickening.  Cheering yourselves as early adopters and reveling at the wealth inequality that Bitcoin just continues to represent.  You think Bitcoin is some grand new idea?  Nope...its the same greedy, selfish, 1% mentality that keeps the masses slaves to the few.  You just want the few (1%) to be you.  That way you can pay back everyone that's been mean to you, or rejected you or whatever other silly, insecure, cry me a river, sob story you have.

Now, with all these "bulls", why are we not over 1000?  How come you're not all sleeping under a bridge because you sold everything to invest in Bitcoin?  Simple...you're all full of it.

Quote
C) your trolling is annoying and not fun at all, while your "serious" alter ego has nothing interesting to say.

Yet, you keep responding.   Huh

Quote
And last but not least, please spare use the pathetic and off topic US nationalism that we have to read in some of your posts.

I love America and will fight to the death, if necessary, anyone who seeks to destroy her.  And that is a prediction, you can shove all in on.   Wink  If you have a problem with any of this...use the IGNORE button.  It's really not that hard.   Wink
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May 27, 2013, 12:46:23 PM
 #11127


Although i don't believe in drawing lines when it comes to Bitcoin i am interested in what i'm looking at here? What does it say? What's nice about it?
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May 27, 2013, 12:48:06 PM
 #11128

[...]

And we had 3 weeks of sideways action. Now suddenly we've had 24 hours bouncing between $133-$135 and we're about to have a big dip? No buying pressure for the last half of May didn't really seem to hurt things that much.

To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes Cheesy

Part of the massive drop was the massive spike. Like you said if it stays negative, perhaps into Tuesday, I'd also expect a short term drop. But it's also a holiday weekend and we have LR users coming so it really depends on how Tuesday starts off for me.
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May 27, 2013, 12:51:15 PM
 #11129

To put things into perspective, I personally don't expect the rally that started 4 days ago to be over yet, but I'm wondering if the recent drop in buying pressure (see my CMF post above) could correspond to a short-term dip, perhaps testing 125 again. If nothing else, that would give us the chance to increase our btc stashes Cheesy

Good call. Tongue
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May 27, 2013, 12:53:55 PM
 #11130

Coinseeker, we all knew that suckers would have panicked after the Dwolla situation, and this is why everybody following this thread sold just before or at the beginning of the dip to buy back cheaper shortly after. But you were actually saying that the panic was justified, that the situation was indeed very bad news for BTC mid-term and that this was just a first step in a coordinated attack that would have killed Bitcoin - all these statements were based on superficial and flawed analysis that was destroyed by regulars with a better understanding of Bitcoin.

And BTW, here you are now "predicting" that BTC will go up up up.
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May 27, 2013, 12:59:17 PM
 #11131

Coinseeker, we all knew that suckers would have panicked after the Dwolla situation, and this is why everybody following this thread sold just before or at the beginning of the dip to buy back cheaper shortly after. But you were actually saying that the panic was justified, that the situation was indeed very bad news for BTC mid-term and that this was just a first step in a coordinated attack that would have killed Bitcoin - all these statements were based on superficial and flawed analysis that was destroyed by regulars with a better understanding of Bitcoin.

And BTW, here you are now "predicting" that BTC will go up up up.


don't feed the... you know the drill
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May 27, 2013, 01:01:50 PM
 #11132

Rampion
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May 27, 2013, 01:03:17 PM
 #11133

Coinseeker, we all knew that suckers would have panicked after the Dwolla situation, and this is why everybody following this thread sold just before or at the beginning of the dip to buy back cheaper shortly after. But you were actually saying that the panic was justified, that the situation was indeed very bad news for BTC mid-term and that this was just a first step in a coordinated attack that would have killed Bitcoin - all these statements were based on superficial and flawed analysis that was destroyed by regulars with a better understanding of Bitcoin.

And BTW, here you are now "predicting" that BTC will go up up up.


don't feed the... you know the drill

You are right. Jaroslaw is the only one in my ignore list for the moment, but I really think Coinseeker will follow him.
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May 27, 2013, 01:04:25 PM
 #11134


Although i don't believe in drawing lines when it comes to Bitcoin i am interested in what i'm looking at here? What does it say? What's nice about it?



My TA is limited but here's what I get from that chart. The green line shows support. On the chart, price has reversed course when approaching that line or has not crossed it. If you extrapolate (please no XKCD comic) then support should be at 130 area and we shouldn't hit 125.

edited

I see. Thanks Smiley
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May 27, 2013, 01:05:14 PM
 #11135


ShroomsKit
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May 27, 2013, 01:05:44 PM
 #11136

Did we just see a 2.5k sell without the price moving?
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May 27, 2013, 01:09:37 PM
 #11137

Did we just see a 2.5k sell without the price moving?

Yes, looks like one person decided to pull out.
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May 27, 2013, 01:16:13 PM
 #11138

Did we just see a 2.5k sell without the price moving?

Time to get some popcorn Smiley
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May 27, 2013, 01:19:18 PM
 #11139

Last time I'm feeding the troll. Coinseeker: below an example of your "super accurate" predictions. You are delusional if you really think you have been accurate.

You've been overly emotional and inconsistent in ALL your posts, spreading worthless FUD in 90% of them, let's leave apart your complete misunderstanding of BTC fundamentals.

Did you want us to dig some quotes? Ok, a quick one below:

If there's a real show of force against Gox in the US when business opens tomorrow, we'll definitely be seeing sub $100 for sure imo.

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.   Cry  

Price never went sub $100. The very low caused by the sucker's panic sell after Dwolla was around $105, so $100 was not even tested. Price immediately rebounded back to $115, so those with no stop-loss orders were OK - in fact they would have been screwed if they sold at $110 (when you made your prediction) waiting for the sub $100 coins you said we would have seen soon. After that dip, we had a rally to $120 on the day after, and then to $125 two days after. We never looked back since then.

Yeah man, it's so clear that you really understood the implications and effects of the Dwolla thing, both short and mid term, I think I'm going to send you my money so you can trade for me and set those nice limit orders that will save my investment.

LOL
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May 27, 2013, 01:25:51 PM
 #11140

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  Grin)

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).
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