ChartBuddy
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July 02, 2013, 11:01:25 AM |
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Its About Sharing
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Antifragile
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July 02, 2013, 11:07:47 AM |
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Nice sucker rally ongoing, I wonder how many bulls are still in the mood to get burnt trap after trap.
I was waiting for someone to say this... figured it would be you.  The wall below 90 went up just to quick. Someone is trying to walk the price up again imo. edit - The buy sizes are larger today, so maybe we do bounce... I was tempted to buy in yesterday when Bitstamp was at 92 (now at 95) but the spread is just too large. It is a large gamble for a small return. Regarding candles, I would never never try to buy in at the bottom of a big red candle, just too risky. Hammers on the other hand are maybe's, especially with volume... oops on the sideways one on the right (I don't feel like re-editing.)  |
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Dalib
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July 02, 2013, 11:12:14 AM
Last edit: July 02, 2013, 11:23:41 AM by Dalib |
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Large walls were appearing right about current market rate again and again on this today's dip. Now large walls are propping up the price again.
Hard to analyse technicals when such market manipulation is rampant.
It's interesting that trend is at 99% according to the TA even with this manipulation. Yesterday's bottom was most likely by Trend based Fibo extension 85.81 - And we saw $ 86.00.Now the most likely top $ 95.56.Therefore, I personally will not buy Bitcoin for 91 - 94 now... It's Fibo analysis of the latest wave. But as I always say only possibility is more likely than the other options. Edit: On the other hand, another option is up to 102.94 - but so far as the mood, I think unlikely and too risky in down trend ... |
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Its About Sharing
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Antifragile
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July 02, 2013, 11:35:27 AM |
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Wow, look at how Bitstamp is cutting into Gox's volume. I wonder what will happen once (all) wire withdrawals are enacted again (this week?). Also note China is climbing, but still VERY small - no real impact.Gox can't have anywhere near 80% anymore. What are the latest numbers, anyone? 
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Miz4r
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July 02, 2013, 11:39:37 AM |
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Bitstamp is really starting to gain some momentum now, the trading volume keeps increasing there which is a good sign imo.  |
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xxjs
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July 02, 2013, 11:39:53 AM |
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The VV twins ETF can only be positive for the price of bitcoins. One - the publicity, and two - the spread of the shares to new users.
The ETF does not represent money supply increase, since the ETF shares are fully backed.
If the twins sell all the shares, keeping none to themselves, they have dollars to buy another 100K coins.
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NewLiberty
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July 02, 2013, 11:40:58 AM |
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Bitstamp is really starting to gain some momentum now, the trading volume keeps increasing there which is a good sign imo. Agree, better resilience than market dominance. |
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molecular
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July 02, 2013, 11:41:01 AM |
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Even if the camp BX story is false i figured I may as well put in a buy 100 bitcoin bid at 10 cents at all the exchanges I have money in just to be safe, lol.
I think we all just did that. lol lol, it was all a ploy to get the bid sum up  |
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ChartBuddy
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July 02, 2013, 12:01:16 PM |
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Kiaya
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July 02, 2013, 12:14:26 PM |
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Bitstamp is really starting to gain some momentum now, the trading volume keeps increasing there which is a good sign imo. Yeah, I've found myself switching most of my trading to Bitstamp of late. So much so that I've just realised I had a bid @ Gox, which I totally forgot I'd set, that got filled early on in the run down to 86. New habit: write all open trades on the whiteboard. |
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Jozzaboy
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July 02, 2013, 12:23:06 PM |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
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Miz4r
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July 02, 2013, 12:46:51 PM |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl.  |
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Jozzaboy
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July 02, 2013, 12:49:56 PM |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl. After such a drop, you can imagine some trepidation. Let confidence come back to the masses and we will be back above 100 before you know it. |
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Miz4r
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July 02, 2013, 12:51:25 PM |
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For confidence to return we need USD withdrawals unlocked first, there's no way people can buy confidently before that has been resolved.
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uhoh
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July 02, 2013, 12:55:30 PM |
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For confidence to return we need USD withdrawals unlocked first, there's no way people can buy confidently before that has been resolved.
This. 48 hours to go (apparently). |
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Jozzaboy
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July 02, 2013, 12:56:24 PM |
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For confidence to return we need USD withdrawals unlocked first, there's no way people can buy confidently before that has been resolved.
Sure you can. You see, if withdrawals are stopped on Gox then we will see a volume re-distribution between exchanges and a price rise on BTC from more demand Agreed on the market confidence however, people should always have the choice to cash out to dirty fiat if they so choose. A bad choice is better than no choice at all. |
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ChartBuddy
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Activity: 2212
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July 02, 2013, 01:01:22 PM |
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Dalib
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July 02, 2013, 01:12:11 PM |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl. After such a drop, you can imagine some trepidation. Let confidence come back to the masses and we will be back above 100 before you know it. yes when someone buys a 14k BTC, and we will be at $ 100 LOL But seriously, everything above 100, would be a break UP! |
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uhoh
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July 02, 2013, 01:21:22 PM |
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For confidence to return we need USD withdrawals unlocked first, there's no way people can buy confidently before that has been resolved.
Sure you can. You see, if withdrawals are stopped on Gox then we will see a volume re-distribution between exchanges and a price rise on BTC from more demand Agreed on the market confidence however, people should always have the choice to cash out to dirty fiat if they so choose. A bad choice is better than no choice at all. Bitstamp are definitely increasing their market share, which is great considering they actually seem to know what they're doing. Though I fear at least half of their gain will go straight back when Gox resumes withdrawals (sadly). |
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weaknesswaran
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July 02, 2013, 01:22:19 PM |
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That Winklevoss ETF might have saved our asses here. Look at the price sprint back to $100. Their valuation.
I wouldn't call this a sprint, more like a crawl. After such a drop, you can imagine some trepidation. Let confidence come back to the masses and we will be back above 100 before you know it. yes when someone buys a 14k BTC, and we will be at $ 100 LOL But seriously, everything above 100, would be a break UP! 14k BTC dump and we are at 81 - that shows the direction |
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