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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21331062 times)
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icekiss
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May 28, 2013, 03:30:59 PM
 #11501

The movement is undecided, which means we are still in a downward trend.
The 2kBTC buy is enough to make us go up in the short term (which means I rebought at 125[bitstamp]  Grin), but whether it will be enough to start a trend reversal? No idea what so ever...
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May 28, 2013, 03:34:00 PM
 #11502

Nice to see I called it right to sell at 127 (bitstamp)  Cheesy
Now if I just knew how low it goes...  Roll Eyes

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break.  Tongue

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine  Undecided

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!


Wait, your TA didn't predict that??
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May 28, 2013, 03:34:46 PM
 #11503

Those 3 500 "Walls" just got bought... Don't make me say I told you so...
Rocket, Departing...

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May 28, 2013, 03:36:04 PM
 #11504



San1ty
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May 28, 2013, 03:37:15 PM
 #11505

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May 28, 2013, 03:40:32 PM
 #11506

Nice to see I called it right to sell at 127 (bitstamp)  Cheesy
Now if I just knew how low it goes...  Roll Eyes

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break.  Tongue

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine  Undecided

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!


Wait, your TA didn't predict that??

TA should have told him that the best point to sell was yesterday at $133, to then rebuy at $125ish, as per here (price was $133 at that point):

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

What the TA cannot tell you is: will we test again $125? I think yes, but impossible to know reading TA. We will break it? I think not, but it's 50/50 chance. Anyhow, as I love coins more than fiat, I wouldn't sell again the coins bought back at $125ish.
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May 28, 2013, 03:42:38 PM
 #11507



 Grin
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May 28, 2013, 03:43:41 PM
 #11508

Large volume purchases help in the LONG but not in the SHORT.
I suspect we see sub 100 before we see 150.  JMO! Wink
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May 28, 2013, 03:47:48 PM
 #11509

The movement is undecided, which means we are still in a downward trend.
The 2kBTC buy is enough to make us go up in the short term (which means I rebought at 125[bitstamp]  Grin), but whether it will be enough to start a trend reversal? No idea what so ever...

Well I don't see any trend at all, only that the upward trend has been put to a stop. One or a few people decided to dump a large amount of coins yesterday bringing us from $133-135 to $125-130 and we've been trading sideways within that range since then. We're back to where we were last Friday, and I'm not really sure where we go from here. Perhaps consolidation again for a couple of days.
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May 28, 2013, 03:49:32 PM
 #11510

Nice to see I called it right to sell at 127 (bitstamp)  Cheesy
Now if I just knew how low it goes...  Roll Eyes

Btw.: I decided based on technical analyses as well. It was telling me we were and are in a downward trend.
What it (obviously) can't tell me is when the trend will break.  Tongue

What is up with the bitstamp feed at bitcoinity though? It's dead for me, while the one for mt.gox is working fine  Undecided

Edit: Wow, that was quite a buy! about 2kBTC upwards in one go, right through 128!


Wait, your TA didn't predict that??

TA should have told him that the best point to sell was yesterday at $133, to then rebuy at $125ish, as per here (price was $133 at that point):

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

What the TA cannot tell you is: will we test again $125? I think yes, but impossible to know reading TA. We will break it? I think not, but it's 50/50 chance. Anyhow, as I love coins more than fiat, I wouldn't sell again the coins bought back at $125ish.

+1
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May 28, 2013, 03:50:35 PM
 #11511

Large volume purchases help in the LONG but not in the SHORT.
I suspect we see sub 100 before we see 150.  JMO! Wink

52k to go under 100 and 42k to go on 150. it's tight but why not.
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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May 28, 2013, 04:02:04 PM
 #11512

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May 28, 2013, 04:34:21 PM
 #11513

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

 Cry
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May 28, 2013, 04:36:35 PM
 #11514


LOL, check this shit, it's hilarious:

Quote
Mt. Gox wishes the best to OKPay, and we look forward to working together more closely
in the future. The Bitcoin economy is going through many changes recently, and we are
positive that they will ultimately work themselves out in the best interests of the
community and the World.

Source: https://mtgox.com/pdf/20130528_okpay_statement.pdf
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May 28, 2013, 04:37:39 PM
 #11515

So, downhill from here I guess?
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May 28, 2013, 04:42:15 PM
 #11516

bitcoin needs to make it own Okpay like service... and stop using these 3rd party systems.



MelMan2002
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May 28, 2013, 04:42:56 PM
 #11517

So does Gox have any plans to be a ripple gateway?
italeffect
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May 28, 2013, 04:44:25 PM
 #11518

Is there still no official comment from Gox on Dwolla?
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May 28, 2013, 04:45:56 PM
 #11519


adamstgBit
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May 28, 2013, 04:50:46 PM
 #11520


i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange...  not sure what's taking so long?? coinlab stop jerking off and do something!
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