Bitcoin Forum
March 28, 2024, 08:30:27 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 [209] 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 ... 33204 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336637 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. (170 posts by 1 users with 9 merit deleted.)
jl2012
Legendary
*
Offline Offline

Activity: 1792
Merit: 1087


View Profile
May 04, 2013, 04:40:42 PM
 #4161

I don't think we will see 105 again today. If the posters here are correct that the wall at 111 was eaten rather than pulled - I wasn't here so did not see it - I think then 120 will become support today.

It was eaten. I saw it too
1711657827
Hero Member
*
Offline Offline

Posts: 1711657827

View Profile Personal Message (Offline)

Ignore
1711657827
Reply with quote  #2

1711657827
Report to moderator
1711657827
Hero Member
*
Offline Offline

Posts: 1711657827

View Profile Personal Message (Offline)

Ignore
1711657827
Reply with quote  #2

1711657827
Report to moderator
"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Its About Sharing
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000


Antifragile


View Profile
May 04, 2013, 04:41:49 PM
 #4162

Looks like resistance at 110 - 115 is waning. Time for 120?

I think the wall at 120 and the strong previous support - now resistance at 121 prevent any crossing of this line for now.

A retracement to 105-6 is in order when the assault to 120 fails. This would be my original prediction from several hours ago.

True, there is resistance at 120-124 (that big volume hammer on the downside) but we broke through it on the rally or bounce out.
I think that makes that resistance weaker, no?
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 04, 2013, 04:43:50 PM
 #4163

Ask Walls!

stereotype
Legendary
*
Offline Offline

Activity: 1554
Merit: 1000



View Profile
May 04, 2013, 04:45:11 PM
 #4164

Double digits incomming Cheesy

Nice piccy! Now it really does look like an eighties Phil Collins album cover.  Grin
AmazonStuff
Hero Member
*****
Offline Offline

Activity: 628
Merit: 500



View Profile
May 04, 2013, 04:47:38 PM
 #4165

seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
May 04, 2013, 04:48:26 PM
 #4166

Another strange day in Bitcoin business  Grin
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
May 04, 2013, 04:57:08 PM
 #4167

Bitcoin prices have always followed the principle of least expectation...
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
May 04, 2013, 05:00:31 PM
 #4168

I expected it to be up to 107-108 today but I'm very surprised to see this volume higher than that. Guess that China stuff played the part, people are very keen to react on bitcoin news, both good or bad.
SAQ
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
May 04, 2013, 05:01:31 PM
 #4169

Right

2k on 113-114

Bears, I say, run for your lives!
wachtwoord
Legendary
*
Offline Offline

Activity: 2324
Merit: 1125


View Profile
May 04, 2013, 05:03:05 PM
 #4170

Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician  Grin

It was irresistible, goat sold to me at 3% discount to Gox!!  Embarrassed

At the time of the deal the terms were in your favour (if we skip over the no-escrow part). Goat admitted to making a slightly unprofitable deal to see whether you could actually cough up $92k. That the market went significantly south after that is just bad luck (and unimportant in the long run).
favelle75
Hero Member
*****
Offline Offline

Activity: 910
Merit: 501



View Profile
May 04, 2013, 05:07:37 PM
 #4171

If I had that much influence in the Bitcoin world, and I proclaimed that it would NEVER hit $95 again, I would use my supernode powers to AT LEAST make sure it didn't hit $95 about six hours later,  LMAO.
AmazonStuff
Hero Member
*****
Offline Offline

Activity: 628
Merit: 500



View Profile
May 04, 2013, 05:08:26 PM
 #4172

I was very optimistic about China news, but then I visited this:

http://bitcoinity.org/markets/btcchina/CNY

I think it's an extremely low volume, it's possible that we are overreacting.
cedivad
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001



View Profile
May 04, 2013, 05:09:20 PM
 #4173

I think it's an extremely low volume, it's possible that we are overreacting.
You don't say? Bitcoin overreaching? Tongue
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
May 04, 2013, 05:09:39 PM
 #4174

Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician  Grin

It was irresistible, goat sold to me at 3% discount to Gox!!  Embarrassed

At the time of the deal the terms were in your favour (if we skip over the no-escrow part). Goat admitted to making a slightly unprofitable deal to see whether you could actually cough up $92k. That the market went significantly south after that is just bad luck (and unimportant in the long run).

Sure, it's very unimportant to a day trader like him to make a deal that stopped him adding 30-40 or even 50% if he'd cought bottom more coins to his collection next day. 200-300 coins difference.. meh, it's nothing

Fantastic, you can really read all kind of business theories here Smiley
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
May 04, 2013, 05:11:45 PM
 #4175

Looks like resistance at 110 - 115 is waning. Time for 120?
I think the wall at 120 and the strong previous support - now resistance at 121 prevent any crossing of this line for now.

A retracement to 105-6 is in order when the assault to 120 fails. This would be my original prediction from several hours ago.
True, there is resistance at 120-124 (that big volume hammer on the downside) but we broke through it on the rally or bounce out.
I think that makes that resistance weaker, no?
We will need several attempts to leave the resistance levels of about 121, 135 and 150 behind. Then there is 167 and 267, but they were never confirmed with volume anyways.

I prefer to think that the strength of the resistance is important, but equally important is the move required to reach it. It is like marching armies to a battle. Sun Tzu writes:

Quote
Thus, if you order your men to roll up their buff-coats, and make forced marches without halting day or night, covering double the usual distance at a stretch, doing a hundred LI in order to wrest an advantage, the leaders of all your three divisions will fall into the hands of the enemy. The stronger men will be in front, the jaded ones will fall behind, and on this plan only one-tenth of your army will reach its destination.

If you march fifty LI in order to outmaneuver the enemy, you will lose the leader of your first division, and only half your force will reach the goal.

If you march thirty LI with the same object, two-thirds of your army will arrive.

You have a certain buying pressure, but if you want to conquer something that is 100 li (about 25%) away, no matter how weak it is, you will certainly fall. After such a move, sellers smell any sign of blood, and the 61% retracement is sure to happen. (This is pretty much my trading strategy: only sell after this move, because you cannot really lose)

If you need to advance 50 li (12.5%) and then demolish the wall, half of the buying pressure is already relieved, and likely the wall will hold. Even if it falls, the chances are great that the region will be revisited sooner or later.

After 30 li (7.5%) you have a mighty power to attack a wall, but even then, the victory is not sure.

Depending of the strength of the resistance, it should take up to 4 assaults to conquer it. No matter how strongly you destroy the wall, the region will be revisited. From hindsight, it was not a surprise that $50 support defended 4 intraday assaults during the mid-April crash. It took 5 assaults to conquer it when it was a resistance.

I admit I was wrong with my $115 never again call. I just did not see any stronger holds than $121 which was the 1st retracement of the 50->167 move. My fundamental analysis bias is also there. I see sub-1000 bitcoin as so insanely great a buy that I have a hard time differentiating between 134 and 78, although I probably should...Wink
AmazonStuff
Hero Member
*****
Offline Offline

Activity: 628
Merit: 500



View Profile
May 04, 2013, 05:13:06 PM
 #4176

I think it's an extremely low volume, it's possible that we are overreacting.
You don't say? Bitcoin overreaching? Tongue

I'm just saying completely the same volume as 30-days ago on BTCChina
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
May 04, 2013, 05:14:54 PM
 #4177

Looks like resistance at 110 - 115 is waning. Time for 120?
I think the wall at 120 and the strong previous support - now resistance at 121 prevent any crossing of this line for now.

A retracement to 105-6 is in order when the assault to 120 fails. This would be my original prediction from several hours ago.
True, there is resistance at 120-124 (that big volume hammer on the downside) but we broke through it on the rally or bounce out.
I think that makes that resistance weaker, no?
We will need several attempts to leave the resistance levels of about 121, 135 and 150 behind. Then there is 167 and 267, but they were never confirmed with volume anyways.

I prefer to think that the strength of the resistance is important, but equally important is the move required to reach it. It is like marching armies to a battle. Sun Tzu writes:

Quote
Thus, if you order your men to roll up their buff-coats, and make forced marches without halting day or night, covering double the usual distance at a stretch, doing a hundred LI in order to wrest an advantage, the leaders of all your three divisions will fall into the hands of the enemy. The stronger men will be in front, the jaded ones will fall behind, and on this plan only one-tenth of your army will reach its destination.

If you march fifty LI in order to outmaneuver the enemy, you will lose the leader of your first division, and only half your force will reach the goal.

If you march thirty LI with the same object, two-thirds of your army will arrive.

You have a certain buying pressure, but if you want to conquer something that is 100 li (about 25%) away, no matter how weak it is, you will certainly fall. After such a move, sellers smell any sign of blood, and the 61% retracement is sure to happen. (This is pretty much my trading strategy: only sell after this move, because you cannot really lose)

If you need to advance 50 li (12.5%) and then demolish the wall, half of the buying pressure is already relieved, and likely the wall will hold. Even if it falls, the chances are great that the region will be revisited sooner or later.

After 30 li (7.5%) you have a mighty power to attack a wall, but even then, the victory is not sure.

Depending of the strength of the resistance, it should take up to 4 assaults to conquer it. No matter how strongly you destroy the wall, the region will be revisited. From hindsight, it was not a surprise that $50 support defended 4 intraday assaults during the mid-April crash. It took 5 assaults to conquer it when it was a resistance.

I admit I was wrong with my $115 never again call. I just did not see any stronger holds than $121 which was the 1st retracement of the 50->167 move. My fundamental analysis bias is also there. I see sub-1000 bitcoin as so insanely great a buy that I have a hard time differentiating between 134 and 78, although I probably should...Wink

That's better, you can do it when you decide to not act stupid.
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 04, 2013, 05:19:15 PM
 #4178

I think it's an extremely low volume, it's possible that we are overreacting.
You don't say? Bitcoin overreaching? Tongue

I'm just saying completely the same volume as 30-days ago on BTCChina

China is big. Bitcoin wants to be big. Get on the rocket to the moon or be left behind with the other bears!

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/
AmazonStuff
Hero Member
*****
Offline Offline

Activity: 628
Merit: 500



View Profile
May 04, 2013, 05:21:50 PM
 #4179

I think it's an extremely low volume, it's possible that we are overreacting.
You don't say? Bitcoin overreaching? Tongue

I'm just saying completely the same volume as 30-days ago on BTCChina

China is big. Bitcoin wants to be big. Get on the rocket to the moon or be left behind with the other bears!

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/

So, if China is a big fan of digital currency why did they banned their own Q-coin?
TsuyokuNaritai
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
May 04, 2013, 05:23:08 PM
 #4180

China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.
Pages: « 1 ... 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 [209] 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 ... 33204 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!