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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330904 times)
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April 24, 2013, 09:24:53 AM
 #1121

looks like Mr $150 moved his sell order lol..at least some of it.
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April 24, 2013, 09:24:58 AM
 #1122

 Grin

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April 24, 2013, 09:25:55 AM
 #1123

This is quite scary. Let's analyze the facts:

  • the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
  • there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)

I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline.

IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC.

I see what you did there - sold 700 coins at 147, and getting itchy about the buyback point not coming yet.

To bail out or not to bail out; that is the question.

Hint: do not bail out, it will crash to the prev. resistance, now support at $130-$135, I am 75% we get there in 24 hours. Relax and let the swing play out.

Let's hope you are correct. Nevertheless, I wouldn't mind a correction to $60ish. My gut feeling is that is a good point for a reasonable and sustainable long term growth, while waiting for: improvements in BTC economy and infrastructures -> positive media attention -> another parabolic growth to ATH

I just don't like this rally after the pop, it feels to me like a trap, and this is confirmed by some indicators while contradicted by others. IMHO in the long term BTC will go up, as there is many people doing great things for BTC and preparing great products and services, but in the very short term I'm puzzled by this rally.

I've read that some the TA folks are calling this a "suckers rally". Hope is not, but I'm much more confident in BTC for the long term than for the short term
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April 24, 2013, 09:27:48 AM
 #1124

Also, the google chart really has searches falling back to end of March, early April levels which really isn't all the bad. It is vastly higher than it has been any other time than June 2011.  Cheesy

That is today. If the downtrend in interest continues, in 2 weeks we will be at December 2012 interest levels.

Your reliance on the google trend for useful information will not serve you well.

Well, until aprox. April 16th its correlation with BTC/USD has been perfect. This is a fact. Since April 16th, we see declining google trend but growing BTC/USD. Let's see how it plays in the mid term.
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April 24, 2013, 09:28:27 AM
 #1125

Wow... 1200btc left at 150. Took 8 minutes, hahah.
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April 24, 2013, 09:31:29 AM
 #1126

Nomnomnom $150 wall...
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April 24, 2013, 09:33:06 AM
 #1127

Nomnomnom $150 wall...
151. Die wall die!
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April 24, 2013, 09:33:50 AM
 #1128

Wheeeeeeee!!!
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April 24, 2013, 09:33:57 AM
 #1129

Yeah so, guess I'm back in then. A mighty effort to take down that $150 wall.

PANIC BUYING Smiley
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April 24, 2013, 09:34:04 AM
 #1130

Nomnomnom $150 wall...
151. Die wall die!

Already at $153 lol
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April 24, 2013, 09:34:07 AM
 #1131

153!
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April 24, 2013, 09:35:47 AM
 #1132





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April 24, 2013, 09:37:25 AM
 #1133

154.90 , this is madness.
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April 24, 2013, 09:37:30 AM
 #1134

Yeah so, guess I'm back in then. A mighty effort to take down that $150 wall.

PANIC BUYING Smiley

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April 24, 2013, 09:39:01 AM
 #1135

I am just a popcorn muncher around here, but I am wondering what some of the daytraders have their favorite windows set at. I have clarkmoody in the background set at $10 price increments with the sound set at 10BTC volume.

HOLY CHRIST! Just now!
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April 24, 2013, 09:39:42 AM
 #1136

Now lag it seems...

LOL is everyone scrambling to get on gox and sell or something? WTF?
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April 24, 2013, 09:46:03 AM
 #1137

Now lag it seems...

LOL is everyone scrambling to get on gox and sell or something? WTF?

Lag happens when trades happen.
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April 24, 2013, 09:46:20 AM
 #1138

lag rising one second per second  Shocked
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April 24, 2013, 09:46:48 AM
 #1139

153!

Short the shit out of this false breakout dudes like a boss! Dont be sheep, sell like a man.

Disclosure: Sold BTC772 at $153.
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April 24, 2013, 09:48:03 AM
 #1140

"Man plans and God Laughs"
 
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