Bitcoin Forum
November 18, 2019, 06:40:43 PM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Poll
Question: What happens next?
$7,500 - 16 (51.6%)
$9,500 - 15 (48.4%)
Total Voters: 31

Pages: « 1 ... 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 [282] 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 ... 25440 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433476 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.)
Quantum_Negatum
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 07, 2013, 08:45:27 PM
 #5621

*patiently waiting for the chaos that will ensue when the bots decide to collectively rise up against the humans and pull all the fake buy floors at the same time.
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574102443
Hero Member
*
Offline Offline

Posts: 1574102443

View Profile Personal Message (Offline)

Ignore
1574102443
Reply with quote  #2

1574102443
Report to moderator
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 07, 2013, 08:47:29 PM
 #5622

Ok, $109 was tested in a totally anticlimatic way... we can go down now.  Grin
Its About Sharing
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


Antifragile


View Profile
May 07, 2013, 08:50:30 PM
 #5623

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.



Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

When you look at the chart going back a few months, it is pretty clear that that symmetrical like triangle is a part of the uptrend and NOT recent downtrend. Also, since it is symmetrical, that would be a good omen coming out of a big upmove. But I agree with you, I don't know.  Grin

In light of all the big news lately, I really don't feel like trying to trade out and pick up more cheaper. Maybe with 30% of your holdings if you like to gamble. But I see BTC at this stage as just too open to a violent up-move.

IAS
internationalaw
Member
**
Offline Offline

Activity: 78
Merit: 10


Community Manager at Letstalkbitcoin.com


View Profile WWW
May 07, 2013, 08:51:19 PM
 #5624

365.00 coin buy
internationalaw
Member
**
Offline Offline

Activity: 78
Merit: 10


Community Manager at Letstalkbitcoin.com


View Profile WWW
May 07, 2013, 08:53:41 PM
 #5625

This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?
internationalaw
Member
**
Offline Offline

Activity: 78
Merit: 10


Community Manager at Letstalkbitcoin.com


View Profile WWW
May 07, 2013, 08:55:05 PM
 #5626

110 wall about to be tested
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 07, 2013, 08:55:28 PM
 #5627

When you look at the chart going back a few months, it is pretty clear that that symmetrical like triangle is a part of the uptrend and NOT recent downtrend. Also, since it is symmetrical, that would be a good omen coming out of a big upmove. But I agree with you, I don't know.  Grin

Uptrend? Where?
Oh you mean this:


C'mon, clearly a bubble!  Cheesy

Edit: And this, children, is why we use logarithmic charts.
wachtwoord
Legendary
*
Offline Offline

Activity: 2030
Merit: 1034


View Profile
May 07, 2013, 08:55:59 PM
 #5628

This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?

In every trade one party purchases while the other sells. A green arrow means a buyer buys one of the outstanding sell orders (increasing the price), a red arrow means the opposite: a seller sells his coins to an outstanding offer lowering the price.
Its About Sharing
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


Antifragile


View Profile
May 07, 2013, 08:56:50 PM
 #5629





EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?

Looks like a bearish pennant.

Not sure: taken from http://www.trending123.com/patterns/bearish_pennant.html

Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally.

Volume


As the Pennant develops, the volume tends to decrease. Martin Pring notes in his book, Technical Analysis Explained, "a pennant is in effect a very small triangle. If anything, volume tends to contract even more during the formation of a pennant than during that of a flag." However, as with Flags, when the Pennant completes you will often observe a sharp spike in volume.

Duration of the Pattern


In his book, Technical Analysis of the Financial Markets, John J. Murphy identifies that Pennants and Flags are relatively short-term and should be completed within one to three weeks". He also notes that by comparison, the bullish patterns take longer to develop than the related bearish patterns.

Trading Considerations


Possibility of Price Reversal


In some rare cases, the price will break against the original price movement, and create a reversal trend. The pattern reversal may be signaled during the Pennant formation by an increase in volume, as opposed to the more typical decrease.


Duration of the Pattern


The duration of the pattern depends on the extent of the price fluctuations (consolidation). The greater the fluctuations, the longer a pattern will take to develop.
Jaques
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
May 07, 2013, 08:58:43 PM
 #5630

This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?

yes, it means someone bought from the ask
contrarian to selling into the bid
telemaco
Sr. Member
****
Offline Offline

Activity: 371
Merit: 250



View Profile
May 07, 2013, 08:59:05 PM
 #5631

This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?

Unless you are daltonic
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 07, 2013, 09:06:07 PM
 #5632

Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 07, 2013, 09:06:16 PM
 #5633

Buyers are still there, and true bears seem to be running quite low on ammo

Only 170 KBTC on the exchange! My God, they are almost out!

Selling pressure is still there, and that's expected. Ask sum is high, but not near ATH nevertheless. But now take a look at the bid sum in the chart below, and then speak. $18M on Gox is a lot, compared to just a few months ago. That's a lot of bullets for the bulls.

Most people who rode the bubble has their fiat sitting there, waiting to buy back.

SAQ
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
May 07, 2013, 09:16:12 PM
 #5634

Bid sum keeps rising.

Time for 125
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 07, 2013, 09:16:31 PM
 #5635

my wife just bought into a pyramid scheme shes going to make $$$

HAHAHAHAHAHAHAHAHA

anyone need cleaning products?
phoenix1
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000



View Profile
May 07, 2013, 09:20:40 PM
 #5636

my wife just bought into a pyramid scheme shes going to make $$$

HAHAHAHAHAHAHAHAHA

anyone need cleaning products?

Does she accept Bitcoin ?
Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 07, 2013, 09:20:59 PM
 #5637

my wife just bought into a pyramid scheme shes going to make $$$

HAHAHAHAHAHAHAHAHA

anyone need cleaning products?

You shouldn't let her without supervision.  Angry
Rampion
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
May 07, 2013, 09:21:22 PM
 #5638

Bid sum keeps rising.

Time for 125

Not so quickly...
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 07, 2013, 09:23:51 PM
 #5639

77k BTC needed to break $80.

The great consolidation is coming.

14k BTC needed to break $120.

The great consolidation may be some time off.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1016


Trusted Bitcoiner


View Profile WWW
May 07, 2013, 09:24:24 PM
 #5640

my wife just bought into a pyramid scheme shes going to make $$$

HAHAHAHAHAHAHAHAHA

anyone need cleaning products?

Does she accept Bitcoin ?

yes!
Pages: « 1 ... 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 [282] 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 ... 25440 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!