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Voodah
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June 25, 2013, 12:49:46 AM |
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Oversold:  Loved this graph. Can someone please explain to me what are each of the 3 or 4 graphs in the lower area? |
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ChartBuddy
Legendary
 Online
Activity: 2352
Merit: 1804
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2013, 01:00:05 AM |
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ChartBuddy
Legendary
Online
Activity: 2352
Merit: 1804
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2013, 02:00:14 AM |
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notme
Legendary
 Offline
Activity: 1904
Merit: 1002
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June 25, 2013, 02:06:23 AM |
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Oversold: Loved this graph. Can someone please explain to me what are each of the 3 or 4 graphs in the lower area? They are all various types of oscillators that do indeed show oversold condition on the 4 hour interval. However, we are neither oversold on the daily nor weekly interval. People new to trading tend to be myopic and miss the longer term conditions that control the overall trend. |
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Abandon
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Offline
Activity: 112
Merit: 10
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June 25, 2013, 02:29:07 AM |
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Oversold:
Image
Loved this graph. Can someone please explain to me what are each of the 3 or 4 graphs in the lower area? They are all various types of oscillators that do indeed show oversold condition on the 4 hour interval. However, we are neither oversold on the daily nor weekly interval. People new to trading tend to be myopic and miss the longer term conditions that control the overall trend. The daily interval is significant, but nothing very immediately meaningful there at the moment, and the weekly is heavily distorted from the bubble. I find the 4h and 1h interval to be the most useful for regular trading. And the market felt like it was oversold, and it appears now that it indeed was/is. |
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ChartBuddy
Legendary
Online
Activity: 2352
Merit: 1804
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2013, 03:00:06 AM |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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June 25, 2013, 03:03:38 AM |
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(...) right now bitcoin is currently in the fear/desperation phase (...)
 The sentiment I get from the average bitcoiners is more like "This is a temporary setback, but we are still going to da moooooon!" but there will be very few avenues of escape for the world financial markets when we get consumed by debt and deflate hard.
Could you explain that? How a dollar deflation is supposed to boost Bitcoin in any way? Well, as people risk off, I imagine they buy dollars. Dollar value will go up, which SHOULD bring XRP price down, but at the same time, there are other factors at play here my friend. Risk in financial markets pushes people to alternatives...treasuries are up but they suck and qe isnt over it is just tapering so why not btc which isn't a part of the failing global political and economic system? |
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Nightowlace
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June 25, 2013, 03:14:43 AM |
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180 in 5 business days buybuybuy!!!!!!!!!!! Quoted! Care to place a wager on that? |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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June 25, 2013, 03:16:52 AM |
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Wowza! Who'da thunk a 1.2k buy would trigger a much, much larger sell? 3k left thru 100, just hit a daily low of 100.59
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Abandon
Member
Offline
Activity: 112
Merit: 10
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June 25, 2013, 03:17:05 AM |
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This market is idiotic. .
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Frozenlock
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June 25, 2013, 03:22:00 AM |
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10k in volume... to stay at the same price.
Oh Bitcoin, you troll...
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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June 25, 2013, 03:24:19 AM |
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Get the popcorn.........Its a whale fight!!!!  |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 25, 2013, 03:26:32 AM |
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Its weird that the ask side never has any depth during these situations. Any time it begins to build, a dumbull seems to buy it at a large premium.
Also, is everyone out of ammo?
[This is the part a real whale comes thru and does a 5k+ buy/sell.]
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 25, 2013, 03:30:58 AM |
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Ok, I know I'm not the only one seeing that large buys/sell go back to back within seconds? Like somebody just bought 2k.. and unsurprisingly a 1.5k sell followed. Well, and now another 2.5k buy |
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Frozenlock
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June 25, 2013, 03:31:03 AM |
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Is that how one measure the length of his penis in the Bitcoin exchanges?  |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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June 25, 2013, 03:31:25 AM |
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Another 7200BTC bought..........
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ronaldlee0917
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June 25, 2013, 03:31:27 AM |
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Get the popcorn.........Its a whale fight!!!! Haha, really funny to watch |
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oakpacific
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June 25, 2013, 03:31:48 AM |
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Maybe just badly programmed bot costing its master money.
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Frozenlock
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June 25, 2013, 03:32:31 AM |
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Aaaaaand the bought BTCs are immediately placed in a sell order.
Someone is toying with us, mere mortals.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 25, 2013, 03:32:44 AM |
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Another 7200BTC bought..........
7200? I dont think so, looks like 4500. @Frozenlock: LOL, so true. now a 3k sell to show up that 2.5k buy! Having $7 spreads... LOL, this is sooooo stupid. Daily low of 100.01 now, high of 107.29.. both reached within minutes of each other |
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