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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372164 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.)
wonkytonky
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May 10, 2013, 12:23:50 PM
 #6821

Hey Bears! *knock knock*

Is it just me or does it look like rpietila flying through the door of the plush hotel ?  Tongue

LOL! Supernode style!

Almost made me choke on my breakfast burrito. Good call.  Grin

this Smiley

edit: 

anyone thinking the wall could be fake?  at ask side?
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Piper67
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May 10, 2013, 12:25:49 PM
 #6822

Hey Bears! *knock knock*


Is it just me or does it look like rpietila flying through the door of the plush hotel ?  Tongue

Can't be... where's the limo?
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May 10, 2013, 12:26:55 PM
 #6823

Skyrocket time!!
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May 10, 2013, 12:27:07 PM
 #6824

Yummy wall  Cheesy
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May 10, 2013, 12:27:16 PM
 #6825

Luvvly jubbly. Gunning for the 7-day high.

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May 10, 2013, 12:27:22 PM
 #6826

That wall just got obliterated!
Rampion
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May 10, 2013, 12:28:05 PM
 #6827

OMG the $120 ask wall was HIT HARD by team green

BUY BUY BUY Cheesy Cheesy Cheesy

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May 10, 2013, 12:28:12 PM
 #6828

Alright I'm in. 50/50 though.

Let's take down $120..YES! Being a bull is so awesome. I feel so alive. Hasta la Bitcoin, Baby.
Newscastix
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May 10, 2013, 12:28:59 PM
 #6829

Hey Bears! *knock knock*


That was the bust thru 120  Shocked Shocked

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May 10, 2013, 12:30:25 PM
 #6830

It is better to buy late than not buying at all. All-in mode is on!
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May 10, 2013, 12:30:40 PM
 #6831

due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalk.org/index.php?topic=192719.msg2084624#msg2084624



to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:

  • the $80 low on 5/3 (red)
  • the $50 low on 4/16 (yellow)

if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)

I don't think we have to wait more than a month to see this resolved.

Hat tip to molecular. Green arrow scenario underway...
ManBearPig
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May 10, 2013, 12:32:05 PM
 #6832

Moving a chunk of my coins back onto Gox, that should see me a nice gain today Smiley

I suspect I'm not alone in this, I'd see that as a bullish signal :p
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May 10, 2013, 12:33:03 PM
 #6833



Wall moves to 125
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May 10, 2013, 12:33:23 PM
 #6834

this Smiley

edit: 

anyone thinking the wall could be fake?  at ask side?

Since $114, almost none of the walls have been fake. In fact more asks have piled on the whole way up. Those were people who locked in at a set profit and were going to wait for the bulls to pay them off. Which makes the rally that much more impressive, a hell of a lot of buying in a very short span. The bid wall has been very agressive, keeping right on the edge. Very little backtracking, the buying pressure just kept building and blew threw the asks.

The market reacting well to good news, who woulda thunk it.  
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May 10, 2013, 12:34:19 PM
 #6835

Wow, ok.

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May 10, 2013, 12:35:04 PM
 #6836

You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.
ManBearPig
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May 10, 2013, 12:43:06 PM
 #6837

You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.

I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!
meowmeowbrowncow
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May 10, 2013, 12:45:06 PM
 #6838

The Bitcoin market is more polar.
i.e.


Depending on the frequency of steps in the polar graph.

I've mastered Bitcoin trading with this pattern.....  Roll Eyes

you can plot a slight variation over the complex plane in a much more insightful way:



code in Sage:
Code:
var('x y'); complex_plot((x*sin(2 * x^2)^3), (x,-2,2), (y, -2, 2), plot_points=300)
http://imgur.com/wYbFIHm


Nice.  Good tip.

I will be sure to place all of my asks in the black hole region.  Cheesy
oroboras
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May 10, 2013, 12:49:27 PM
 #6839

You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.

I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!

I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.
ManBearPig
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May 10, 2013, 12:51:13 PM
 #6840

You can all thank me for this new ramp...
I just cashed out to invest in mining equipment.
Of course this was going to happen XD
Still, I'll be adding to the economy from the other side now, and trading my 'free' BTC instead.

I used fiat to fund my mining equipment, saw it as a better way of topping up my investment - bonus of a shiny new PC!

I had no fiat, so it was one or the other, and I have done terribly trading.
So I will have a shiny 3x HD7970 rig, churning out 2GH/s - and my ASIC will eventually arrive, so I'll do ok in the long run.

Fair enough, sounds like a good plan. The gift that keeps on giving. I'd have opted for 3x7950 though and kept a few BTC in change! Good luck Smiley
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