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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368524 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. (174 posts by 3 users with 9 merit deleted.)
micalith
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August 01, 2013, 03:40:15 PM
 #26061

this 'head and shoulders' you are debating about seems allot like the 'head and shoulders' a few people identified a couple of weeks ago with a similar upwards slant:



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August 01, 2013, 04:01:24 PM
 #26062

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
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August 01, 2013, 04:01:57 PM
 #26063

gog1
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August 01, 2013, 04:04:56 PM
 #26064

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

It's not true arbitrage as money does not flow freely out of gox.
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August 01, 2013, 04:13:33 PM
 #26065

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

I already described it:
You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there.
Rinse & repeat & accumulate.
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August 01, 2013, 04:30:52 PM
 #26066

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

I already described it:
You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there.
Rinse & repeat & accumulate.

But you have to sell the tops at Gox and you won't be able to cash out before Christmas. lol
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August 01, 2013, 04:48:16 PM
 #26067

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

I already described it:
You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there.
Rinse & repeat & accumulate.

But you have to sell the tops at Gox and you won't be able to cash out before Christmas. lol

There is bound to be a catch...
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August 01, 2013, 05:01:06 PM
 #26068

Kazu
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August 01, 2013, 05:40:05 PM
 #26069

SELL plz
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August 01, 2013, 06:01:10 PM
 #26070

ardana123
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August 01, 2013, 06:05:56 PM
 #26071

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals.
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August 01, 2013, 06:07:11 PM
 #26072


[...]

Sure, it was only supposed to be indicative.

The volume has fallen at each buying period. The below shows it more clearly:



Anyway, it will be interesting to see how it pans out.

Not being snarky, but honestly wondering: That H+S pattern didn't materialize, right? Or is there something like a double right shoulder?!

Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does.

I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.

you couldn't resist telling us about your profit huh?  Cheesy
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August 01, 2013, 06:12:44 PM
 #26073

There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.

only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals.

That's the only solution I can see. But then you increase your exposure risk.
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August 01, 2013, 06:38:45 PM
 #26074

after some chart reading, i can clearly see that the up trend will resume in a few hours!  Cool

dont make any plans this weekend

and fill up on popcorn!
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August 01, 2013, 06:47:12 PM
 #26075

after some chart reading, i can clearly see that the up trend will resume in a few hours!  Cool

dont make any plans this weekend

and fill up on popcorn!

The new "$180"?
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August 01, 2013, 06:48:19 PM
 #26076

Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does.

I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.

you couldn't resist telling us about your profit huh?  Cheesy

Ha! It was only small, I assure you! Smiley
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August 01, 2013, 06:51:05 PM
 #26077

after some chart reading, i can clearly see that the up trend will resume in a few hours!  Cool

dont make any plans this weekend

and fill up on popcorn!

The new "$180"?


180 is still my target price,

ETA 3 to 8 business days  Wink
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August 01, 2013, 06:52:10 PM
 #26078

after some chart reading, i can clearly see that the up trend will resume in a few hours!  Cool

dont make any plans this weekend

and fill up on popcorn!

The new "$180"?


180 is still my target price,

ETA 3 business days  Wink

Adam and his business days again.... I'm bearish for the first time in months...
Kazu
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August 01, 2013, 06:52:32 PM
 #26079

Why wont the price go to $101.
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August 01, 2013, 06:57:17 PM
 #26080

It will, very soon. Unfortunately it may drop below 100, which would be a real mess.

PS. I spotted a sudden drop of 3k BTC in sell orders. I'm not yet sure what it means.
PS2. And surge back again, more than 4k. People are repositioning their orders.
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