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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26405594 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.)
Jaroslaw
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supernode


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May 03, 2013, 08:44:20 PM
 #3801

Who the hell is buying at those prices...


Sometimes I don't understand this market at all. I swear.


Someone who will regret it in couple of hours Cheesy
SlipperySlope
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Stephen Reed


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May 03, 2013, 08:47:34 PM
Last edit: May 03, 2013, 09:22:46 PM by SlipperySlope
 #3802

And yet another triangle. Duh ... make that one hour - not four hours as it says in the immutable image below.



how did you come up with a downward direction here? i see the triangle, but triangle formations themselves tend not to have directional bias. by my analysis we've reached a short-term bottom.

Hey, when the first team is off the field, they send in the likes of me.

I saw the channel containing the embedded pattern. Regarding nested patterns, to what degree are containing patterns influential with regard to immediately contained technical patterns?
Creenome
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May 03, 2013, 08:47:46 PM
 #3803

Who the hell is buying at those prices...


Sometimes I don't understand this market at all. I swear.
https://i.imgur.com/QbUjD.gif

Someone who will regret it in couple of hours Cheesy
+1
EuroTrash
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May 03, 2013, 08:50:42 PM
 #3804

So now almost everyone is a bear? Investor cycle says we are going up then.  Tongue
arepo
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this statement is false


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May 03, 2013, 08:51:49 PM
 #3805

Who the hell is buying at those prices...


Sometimes I don't understand this market at all. I swear.


Someone who will regret it in couple of hours Cheesy

try 6 hours.

-===-

*10-day 2-hour scale*



-===-

we've reached a short-term bottom. rebound is likely, CCI will reach to its recent high (at about -50), and then likely bounce. this corresponds with a price of about $100. if we break through this resistance, we could see as high as $125, although mitigating factors like low liquidity on weekends may affect these values.

--arepo

edit:
So now almost everyone is a bear? Investor cycle says we are going up then.  Tongue

exactly, the utter despair on the forums today along with the oversold signals on many oscillators, and a high-volume doji at the $80 bottom all point to a significant rebound.

SlipperySlope
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Stephen Reed


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May 03, 2013, 08:52:20 PM
 #3806

So now almost everyone is a bear? Investor cycle says we are going up then.  Tongue

I accuse you, yes you, of selection bias.
Jaroslaw
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May 03, 2013, 08:52:29 PM
 #3807

So now almost everyone is a bear? Investor cycle says we are going up then.  Tongue

ok wake me up when we going up bro.
Geist
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May 03, 2013, 08:56:19 PM
 #3808

Who the hell is buying at those prices...


Sometimes I don't understand this market at all. I swear.

I'm more interested in who's selling. $90s is cheap considering it was over $150 last week. I actually might buy back in if that wall stays like that(bought in 80s, sold at $95).
arepo
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this statement is false


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May 03, 2013, 08:58:12 PM
 #3809

I'm more interested in who's selling. $90s is cheap considering it was over $150 last week. I actually might buy back in if that wall stays like that(bought in 80s, sold at $95).

market sentiment lags price perfectly Wink
Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


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May 03, 2013, 08:58:21 PM
 #3810

Being played like cheap violins. Glad I'm not trading right now. I'm not immune.
SlipperySlope
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Stephen Reed


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May 03, 2013, 09:00:23 PM
 #3811

Quote
we've reached a short-term bottom. rebound is likely,

Your analysis makes me feel comfortable with a prudent-sized profit-taking limit order for the weekend positioned in front of the ask wall at $105, using some of the lots bought at $87 and $80.

Based solely upon a comparison with the corresponding August 1, 2011 capitulation, I believe that this bottom of this capitulation could still be two or three days away, i.e. Monday, and could also feature a 15% culminating selling blow-off as did the comparison. And most importantly, I believe that this bottom is not the post-bubble bottom.

For reference, I have dubbed this one the Great Capitulation of 2013 - none bigger.
KillaMarci
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May 03, 2013, 09:03:09 PM
 #3812

Let's throw random numbers and see who's gonna be right on monday then?

I'm calling $65, Monday. 8PM UTC.
adamstgBit
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May 03, 2013, 09:03:50 PM
 #3813

105
SAQ
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May 03, 2013, 09:07:14 PM
 #3814

125
Jaroslaw
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May 03, 2013, 09:07:21 PM
 #3815

69$
mccorvic
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May 03, 2013, 09:07:52 PM
 #3816

Let's throw random numbers and see who's gonna be right on monday then?

I'm calling $65, Monday. 8PM UTC.

Potato by Smarch 33rd.

But seriously, I'm going to randomly guess 94.30 by Monday 8pm
clone4501
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May 03, 2013, 09:10:35 PM
 #3817

$94
seleme
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May 03, 2013, 09:10:41 PM
 #3818

Someone's defending 90 very hard  Grin

Who knows, maybe they'll make it, same price was defended on similar way few weeks ago, though in an upward trend.

not sure you can call a vertical drop all the way down to 50 an upward trend...

I'm talking about huge 1 million wall that appeared in upward movement after the crash. It was still fearish market but that one launched it to 100+. Though I'm not really sure if it was at 70$ or 90$.
phoenix1
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May 03, 2013, 09:14:00 PM
 #3819

$3500 and a free iPad

TV ... help ...
SlipperySlope
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Stephen Reed


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May 03, 2013, 09:14:02 PM
 #3820

Let's throw random numbers and see who's gonna be right on monday then?

I'm calling $65, Monday. 8PM UTC.

OK, not actionable advice - just one of many likely instantiated scenarios. Suppose it unfolds sort of like back in August 2011 ...

Stopped by the ask wall at $70 early Monday morning in the USA. Two hour goxlag-blinded drop below $85 to reach the wall and bounce back. Mt. Gox wall-busting volume over 25000 each of those two hours.  Clark Moody ding-ding-O-Meter chatters like a jackhammer with red orders flying past and huge spreads between bid and asked.
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