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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26382843 times)
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bangersdad
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May 06, 2013, 08:33:18 PM
 #4941

Just wait until the 10 and 21 EMAs cross... BOOM!

explain please?  Smiley
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Its About Sharing
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May 06, 2013, 08:34:14 PM
 #4942

Speaking of Great Walls, How do we factor this in?
 
The past 24 hrs, btcchina.com is the #2 exchange in volume traded after Mt.Gox!
http://www.reddit.com/r/Bitcoin/comments/1dryau/the_past_24_hrs_btcchinacom_is_the_2_exchange_in/

We may be dropping now, but trying to trade this "stock"/"currency"/"protocol"/"technology"/"commodity"/"etc" is going to get more and more dangerous than just holding.

edit - Think BTCChina might be #4 actually.
phoenix1
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May 06, 2013, 08:35:50 PM
 #4943

Sorry it a bit OT, but thought you might want to see a pic of the Beijing HQ of the People's Daily newspaper ...



I think they win this battle of 'who's got the biggest one'

Or maybe it's a rocket  Tongue
samurai1200
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May 06, 2013, 08:35:57 PM
 #4944

Just wait until the 10 and 21 EMAs cross... BOOM!

explain please?  Smiley

see here
http://www.bitcoincharts.com/charts/mtgoxUSD#rg2zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21
Rampion
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May 06, 2013, 08:36:32 PM
 #4945

So where is all the dumping from yesterdays monumental wall owner?
I guess this is bragging, but turns out I was right, we are 15 usd past it. What happened to all those 'obvious manipulations'?

Two little walls at 124 and 125, the latter have been there all day, I don't think the market will move outside the 110~122 for a while. A climb of a couple of dollar for today. I for one am fine with this progress.

Nice timing with your comment. Just read the charTs, Wallzilla dumped 2.000 coins earlier today, just after removing his huge bid - he got an average price of $117ish. So he successfully got at least a 17% more from his coins than he would before his little pump. If you think that 17% in a day is peanuts and it's not worth it... Well, then you are in denial and i suspect thats because you are long - am I wrong?
bangersdad
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May 06, 2013, 08:37:34 PM
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Thanks - from there i see ema10 crosses above - is that not a buy signal?
humanitee
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May 06, 2013, 08:38:46 PM
 #4947

Thanks - from there i see ema10 crosses above - is that not a buy signal?

In before every possibility is thrown at you.
deathcode
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May 06, 2013, 08:39:31 PM
 #4948

So much for a sell-off... back to 114... that 110 wall will be hard to knock down... Next crash will be $95-100 at the lowest..



If even death code is turning bearish, as he is predicting a lower bottom than we have had today, is really the time to buy, guys.

Remember what Warren Buffet said about being greedy when others are fearful, and fearful when others are greedy... Now it seems time to be greedy!  Grin

I think you misunderstood my comment. I'm predicting higher and higher crashes just by looking at the history of the most notorious crashes.

2011 crash ~$32 to ~$0.02
Fork Crash ~$50 to ~$32
Big High crash $266 to $55
Last Crash ~$140 to $79

My prediction is a crash in the 95-100 range for the next "big" crash and then another crash on the $130-$150
I'm not bearish at all, I'm just stating facts based on the crashes that we've had.
Feel free to correct me if you think I'm wrong.
SAQ
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May 06, 2013, 08:40:25 PM
 #4949

Right

That could have gone way more badly

I think bulls we can now safely start slaughtering bears again.
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May 06, 2013, 08:40:39 PM
 #4950

Remember what Warren Buffet said about being greedy when others are fearful, and fearful when others are greedy... Now it seems time to be greedy!  Grin

He also said “I have no confidence whatsoever in Bitcoin being a universal currency.”
And “I’ll put it this way, of our $49 billion, we haven’t moved any of it to Bitcoin”.
http://businesstech.co.za/news/general/37226/buffett-talks-social-media-and-bitcoin/

But in the last years he's not been always right - I read that some of his investments failed grossly.
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May 06, 2013, 08:41:02 PM
 #4951

Right

That could have gone way more badly

I think bulls we can now safely start slaughtering bears again.

I wouldn't...
bangersdad
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May 06, 2013, 08:41:26 PM
 #4952


sorry i look wrong scale..now 1 hour i understand!...stupid me.
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May 06, 2013, 08:41:30 PM
 #4953

So much for a sell-off... back to 114... that 110 wall will be hard to knock down... Next crash will be $95-100 at the lowest..



If even death code is turning bearish, as he is predicting a lower bottom than we have had today, is really the time to buy, guys.

Remember what Warren Buffet said about being greedy when others are fearful, and fearful when others are greedy... Now it seems time to be greedy!  Grin

Completely agree - more than 50% of the people on the board are expecting 3 months of downtrend, so there are lot of coinz out there right now to have.
samurai1200
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May 06, 2013, 08:44:00 PM
 #4954


EMA means Exponential Moving Average. A convergence and/or crossing from above of the EMA-10 thru the EMA-21 essentially means there is a downward-price-trend forming.

EMA is similar to Simple Moving Average, only that most recent changes are given more 'weight' or importance.
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May 06, 2013, 08:45:29 PM
 #4955

So much for a sell-off... back to 114... that 110 wall will be hard to knock down... Next crash will be $95-100 at the lowest..



If even death code is turning bearish, as he is predicting a lower bottom than we have had today, is really the time to buy, guys.

Remember what Warren Buffet said about being greedy when others are fearful, and fearful when others are greedy... Now it seems time to be greedy!  Grin

I think you misunderstood my comment. I'm predicting higher and higher crashes just by looking at the history of the most notorious crashes.

2011 crash ~$32 to ~$0.02
Fork Crash ~$50 to ~$32
Big High crash $266 to $55
Last Crash ~$140 to $79

My prediction is a crash in the 95-100 range for the next "big" crash and then another crash on the $130-$150
I'm not bearish at all, I'm just stating facts based on the crashes that we've had.
Feel free to correct me if you think I'm wrong.

You are right. I was just stating the fact that now everybody is predicting a crash below where we just corrected (we went to $110 from $124), everybody is expecting cheaper coins than the current price, even if it's for a moment.

Before April 10th, as soon as we moved from a psychological barrier (say $100) the most common post was "wow, we're going to the moon, my investment just went x10, buy buy buy"!

The feeling just changed, i know its obvious, but Is entertaining nevertheless
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May 06, 2013, 08:46:53 PM
 #4956

Interesting choice... dumping just before the end of the longest bank holiday of the year.
Frozenlock
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May 06, 2013, 08:49:37 PM
 #4957

Interesting choice... dumping just before the end of the longest bank holiday of the year.

Don't argue with the market! PANIC!
samurai1200
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May 06, 2013, 08:50:18 PM
 #4958

Interesting choice... dumping just before the end of the longest bank holiday of the year.

i also found this a little perplexing.
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May 06, 2013, 08:50:27 PM
 #4959

Interesting choice... dumping just before the end of the longest bank holiday of the year.

People who know people that know people maybe know something.
Bitsinmyhead
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May 06, 2013, 08:54:11 PM
 #4960

LOL trading Bitcoin on margin sure gets that blood flowing.
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