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Question: What happens next?
$7,500 - 44 (63.8%)
$9,500 - 25 (36.2%)
Total Voters: 69

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21434535 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. (129 posts by 23 users deleted.)
Frozenlock
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May 18, 2013, 01:31:55 AM
 #9321

Because...?
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May 18, 2013, 01:35:34 AM
 #9322

It's bound to grab onto some trend sooner or later, it doesn't have to always meet support or complete triangles. So it's not likely to continue with that support line if it doesn't need it anymore, and there isn't much of a resistance line.
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May 18, 2013, 01:35:40 AM
 #9323

[/img]

Should go south soon.
Your upper line is way off unfortunately.
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May 18, 2013, 01:42:44 AM
 #9324

Your upper line is way off unfortunately.

Yes, the data is outdated. I fucking hate converting unixtime, so I do not do it regularily.

I think it is a triangle continuation pattern https://www.exness.com/education/technical_analysis/trend_continuation_patterns The price went above the upper trendline a bit. I think it is a false break out. Time will tell.
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May 18, 2013, 01:45:18 AM
 #9325

Damn you Americanos ! Sell your Alt coins on BTC-E transfer the BTC to MT GOX and sell for a $10 gain !  Soooo jealous

And then - how do they get the USD in their hands? I think the spread is due to americans buying BTC at MtGox so they can move the BTC to some other exchange where they can more easily get their fiats transferred to US.
ShroomsKit
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May 18, 2013, 01:49:51 AM
 #9326

[/img]

Should go south soon.

After 500 pages you still didn't notice that drawing lines on charts is a total waste of time when it comes to Bitcoin? I find that hard to believe.
bitarrow
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May 18, 2013, 01:51:22 AM
 #9327

Damn you Americanos ! Sell your Alt coins on BTC-E transfer the BTC to MT GOX and sell for a $10 gain !  Soooo jealous

And then - how do they get the USD in their hands? I think the spread is due to americans buying BTC at MtGox so they can move the BTC to some other exchange where they can more easily get their fiats transferred to US.
Currently its pretty easy to wire USD out of Gox directly into my bank account. Always has been
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May 18, 2013, 01:57:24 AM
 #9328

Bids rising, asks dropping

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May 18, 2013, 01:58:52 AM
 #9329

After 500 pages you still didn't notice that drawing lines on charts is a total waste of time when it comes to Bitcoin? I find that hard to believe.

Hey, it's just speculation, isn't it? Only for fun  Cheesy

More on symmetrical triangles as a continuation patterns:
http://www.online-stock-trading-guide.com/symmetrical-triangle.html
http://www.trending123.com/patterns/Symmetrical-Continuation-Triangle-Bearish-Chart-Pattern.html

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May 18, 2013, 02:00:27 AM
 #9330

bassclef
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May 18, 2013, 02:07:55 AM
 #9331

Da Bulls!
Daaa.... bears?

(I'll just leave this here)
http://youtu.be/769A4mUY7g0
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May 18, 2013, 02:12:12 AM
 #9332

1k buy cleared out most of the asks to 125.

1k wall up at 123 now. Action soon maybe?
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May 18, 2013, 02:20:29 AM
 #9333

We're still in a fairly overbought position, which we've been in all day, since breaking through 120.  I would guess there's easily room to get into 125 but breaking though I'm not so sure.  Even if we managed, unless the wall at 126 is a fake, I just don't see how there's enough steam to push through.  I'd look at the price maxing in the 125 range and easing it's way back down a bit, much like what it's done all day.
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May 18, 2013, 02:38:56 AM
 #9334

1k wall moved from 123 to 124.
muyuu
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May 18, 2013, 02:45:55 AM
 #9335



Bulls time.

Choo choo.
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May 18, 2013, 02:58:50 AM
 #9336

1700 pages and I still haven't noticed that Wall Observer is all about drawing lines on charts!

Don't worry, buddy; You'll get the hang of it!
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May 18, 2013, 03:02:00 AM
 #9337

NamelessOne
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May 18, 2013, 03:07:52 AM
 #9338

mmm munching away at 125.31
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May 18, 2013, 03:13:22 AM
 #9339

There's a strong buy wall right now, and the sell wall is vulnerable. I see it reaching at least $127 before there is some sell wall resistance.
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May 18, 2013, 03:14:35 AM
 #9340

There's a strong buy wall right now, and the sell wall is vulnerable.
That 1300 wall has been reduced to 500 so far. Not THAT strong.
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