Bitcoin Forum
June 14, 2024, 06:04:30 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 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] 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 ... 33447 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26400070 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.)
arepo
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


this statement is false


View Profile
May 05, 2013, 05:09:23 AM
 #4341

Why would you call this bearish? The last wedge with a similar shape from 80 to 100 has been proven as bullish


bearish wedge coming to a close right now. midnight dump?

4-hour scale:

-===-



wedges are usually reversal signals, the last wedge was an exception. i tend to try to identify the patterns and then use other data to determine the directionality. William's Oscillator suggests short-term overbought, poising for a slight correction:

-===-

10-day hourly scale



-===-

also, depth on bitcoinity has a bearish bias.
Kazu
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
May 05, 2013, 05:11:20 AM
 #4342

bearish wedge coming to a close right now. midnight dump?

4-hour scale:

-===-



Dude, thats not how wedges work -.-
No steady downtrend of volume and the slope of the center of the opening to the point is basically a trend line.

Honestly, at this point people are just drawing lines in places.
arepo
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


this statement is false


View Profile
May 05, 2013, 05:37:34 AM
 #4343

No steady downtrend of volume and the slope of the center of the opening to the point is basically a trend line.

the volume pattern is there, and how does the second point invalidate the wedge?
samurai1200
Sr. Member
****
Offline Offline

Activity: 303
Merit: 250


View Profile
May 05, 2013, 06:19:02 AM
 #4344

Well... $115 was a previous resistance on May 2 and all day today (-7utc). We've broken through it, but not with much force. I can't see it holding, and for my own sake i hope it doesn't until a revisit on monday or tuesday!

Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 06:47:03 AM
 #4345

That was an interesting dump.
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 05, 2013, 07:04:18 AM
 #4346

That was an interesting dump.

still going it seems

a seller dumped... and a buyer saw "cheap coins" and pushed the "market buy" button.
Or... or... one was trying to induce a panic sell and one was trying to stop it.

Even in a boring Sunday there are at least two people with a spare half million USD to burn.
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 05, 2013, 07:18:19 AM
 #4347

1000 BTC wall at 111 was moved up to 111.0001
170 BTC wall at 11.5 removed and reappeared behind the 1000BTC one at 111

I'd love to understand what game are these pro's playing.  Huh
Hailo
Newbie
*
Offline Offline

Activity: 38
Merit: 0


View Profile
May 05, 2013, 07:19:26 AM
 #4348

Just saw 1200btc sold in one order on bitcoinity
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:21:09 AM
 #4349

Lag attack.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:23:17 AM
 #4350

Yup, without any transactions someone is trying to maintain at least a 1 min lag.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:27:06 AM
 #4351

Yup, if nobody's (panic) selling, that's very bullish IMO.
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
May 05, 2013, 07:32:32 AM
 #4352

Yup, without any transactions someone is trying to maintain at least a 1 min lag.

My theory is that when the knife falls too fast bots do panic: they all try to cancel their buy orders and execute market sells instead.
This makes things worse because then the engine starts lagging, adding delay to the feedback loop of the bots' decision process.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:35:52 AM
 #4353

Hmm I don't know...

Why would it go down, then up again?
yeemartin
Member
**
Offline Offline

Activity: 95
Merit: 10



View Profile
May 05, 2013, 07:45:39 AM
 #4354

It seems to me that someone are trying desperately to ignite panic sells. However the market hold up quite well.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:48:22 AM
 #4355

I'm talking about the lag.  Sad
Crazy
Full Member
***
Offline Offline

Activity: 182
Merit: 106


View Profile
May 05, 2013, 07:51:13 AM
 #4356

If you're trying to induce a panic sell off you don't do it at 4AM EST/1AM PST. Just taking profits, as usual.
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 05, 2013, 07:53:28 AM
 #4357

I have no problem with profit taking.


But the laaaaaag! The lag guys!  Cheesy
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
May 05, 2013, 07:54:46 AM
 #4358

Looks like time for $122

I guess 118/19 - 111 - 124.

I propose the 2nd retracement to 106 (instead of 111), otherwise I hardly make any money.

I think I nailed this one  Grin
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1036



View Profile
May 05, 2013, 08:03:43 AM
 #4359

Looks like time for $122

I guess 118/19 - 111 - 124.

I propose the 2nd retracement to 106 (instead of 111), otherwise I hardly make any money.

I think I nailed this one  Grin

Will be interesting to see if we do go over 120 here or back down under 100. Long weekend after all.

How many times do I need to tell that we will not see 100 again?  Huh

I am all in today because this is insanely great buy. There is also quite much support in $105 (not that it means anything but buys are real, sells are fake).
ronaldlee0917
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
May 05, 2013, 08:05:25 AM
 #4360

another dump and buy scheme? Cheesy
Pages: « 1 ... 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] 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 ... 33447 »
  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!