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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21332866 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. (104 posts by 20 users deleted.)
micalith
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June 03, 2013, 09:45:56 AM
 #12841



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.
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gizmoh
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June 03, 2013, 09:56:22 AM
 #12842



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.
Rampion
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June 03, 2013, 09:57:52 AM
 #12843



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.
ChartBuddy
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June 03, 2013, 10:01:49 AM
 #12844

TheKoziTwo
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June 03, 2013, 10:10:14 AM
 #12845



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.
micalith
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June 03, 2013, 10:14:44 AM
 #12846



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

I hope that's a coincidence that it just started dropping right after your post!
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June 03, 2013, 10:16:14 AM
 #12847

phoenix1
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June 03, 2013, 10:17:17 AM
 #12848

Well, as far as I can tell, about the only thing that occured last night was Adam got drunk and stoned and kept quoting himself for hours   Cheesy

He probably did a bit of buying high and selling low too just for kicks  Wink



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June 03, 2013, 10:18:22 AM
 #12849



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

Interesting, people said 1-2 weeks ago that the post-crash downward trend was officially broken. If trends get 'officially broken' this easily I guess these trends don't really mean that much, do they? Tongue
fr33d0miz3r
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June 03, 2013, 10:23:12 AM
 #12850

Interesting, people said 1-2 weeks ago that the post-crash downward trend was officially broken. If trends get 'officially broken' this easily I guess these trends don't really mean that much, do they? Tongue

Okay. Let's say that the uptrend has been officially broken when we test $30  Grin

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June 03, 2013, 10:28:27 AM
 #12851



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

I hope that's a coincidence that it just started dropping right after your post!


I have to say that just before posting I sold 20% of my BTC holdings at $119ish. Not because I'm willing to "catch the bottom", I immediately ordered a fiat withdrawal for those funds, it's because I'm willing to invest in ASICs and I'm going to pay with fiat to get a little "buyer protection", and I'm pretty sure the price will go down during this week.

Edit: obviously it's a decision that I made this very morning, if I had decided to invest fiat in ASICs earlier I would have sold at $133ish last week, but that's life.
Its About Sharing
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June 03, 2013, 10:29:10 AM
 #12852



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

I don't deny what you say happens (and I promise to buy more BTC's then ;-)
But, even though we may have broken and uptrend line, we are still sitting nicely on the support we have created since the first week of this month. Stranger things have happened.
fr33d0miz3r
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June 03, 2013, 10:30:50 AM
 #12853

Meanwhile at the Bitcoin market

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June 03, 2013, 10:33:13 AM
 #12854

Well, as far as I can tell, about the only thing that occured last night was Adam got drunk and stoned and kept quoting himself for hours   Cheesy

someone's got a bit of a cleanup work to do today  Wink
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June 03, 2013, 10:42:34 AM
 #12855

Meanwhile at the Bitcoin market


how did you find this??  Cheesy
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June 03, 2013, 10:47:54 AM
 #12856

Down down down...

https://www.youtube.com/watch?feature=player_embedded&v=F7xWQEHLhCs#!

Cheesy
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June 03, 2013, 11:01:32 AM
 #12857

TheKoziTwo
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June 03, 2013, 11:14:05 AM
 #12858



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

I hope that's a coincidence that it just started dropping right after your post!


I have to say that just before posting I sold 20% of my BTC holdings at $119ish. Not because I'm willing to "catch the bottom", I immediately ordered a fiat withdrawal for those funds, it's because I'm willing to invest in ASICs and I'm going to pay with fiat to get a little "buyer protection", and I'm pretty sure the price will go down during this week.

Edit: obviously it's a decision that I made this very morning, if I had decided to invest fiat in ASICs earlier I would have sold at $133ish last week, but that's life.
Nice, but if you believe what you're preaching, why not sell more?
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June 03, 2013, 11:21:02 AM
 #12859



I interpret that as it's going to edge between 122-123 by the end of the day, with little resistance to a full rebound to 128-130 as cash starts flowing in towards the end of the week!

Those big sellers haven't bought back in yet. I wonder if they've not finished selling, and they're waiting for your prediction to come true before mega-dumping again, or that they have finished selling and they're anticipating some further downtrend before buying back in again. Or, they're really cashing out, and there are more like them to follow for similar reasons (fincen vs illegitimate business etc). Either way, I'd expect us to be testing 115 again within a week or two.

Expect a test of 100 rather.

This. The test of $115 will happen muuuuuuuch earlier than "within a week or two".

Fasten your seatbelts, gentlemen. The post-crash upwards trend was officially broken yesterday.

I hope that's a coincidence that it just started dropping right after your post!


I have to say that just before posting I sold 20% of my BTC holdings at $119ish. Not because I'm willing to "catch the bottom", I immediately ordered a fiat withdrawal for those funds, it's because I'm willing to invest in ASICs and I'm going to pay with fiat to get a little "buyer protection", and I'm pretty sure the price will go down during this week.

Edit: obviously it's a decision that I made this very morning, if I had decided to invest fiat in ASICs earlier I would have sold at $133ish last week, but that's life.
Nice, but if you believe what you're preaching, why not sell more?

Because I only trade with play money, or with fresh fiat looking for the best entry point. So, I'm more an "investor" than a "trader".

Plus, I tried to trade with some "real" money during the crash to $79, and I sold at the very bottom. I had to buy back losing aprox. 15BTC in the process. I promised to myself that I wasn't going to speculate with my dear coins, it hurts too much when you lose some of them in the way.

Anyhow, I'm sending another 15% to the exchange right now, that's the maximum amount I will liquidate - not to speculate, but because I'm buying ASIC gear with that money.
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June 03, 2013, 11:49:37 AM
 #12860

My sleeping 115.1 order was executed, and we're higher today - good morning to me Smiley
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