sarc
Member
Offline
Activity: 98
Merit: 10
|
|
July 10, 2013, 11:59:30 AM |
|
These negative divergences against rises in price have been VERY VERY accurate indicators of moves down:We have the longest one yet. I'd say the price is really wanting to adjust down but those huge buys with walls changed a bit of the natural movement. Will be interesting to see what happens. This one looks like a butt in the process of being hurt by lots of 'whale fire'. Chimes with reality.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 10, 2013, 12:01:15 PM |
|
|
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 12:06:22 PM |
|
And still we have a 2.5k "bomb" at 79 and almost 9k at 80
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 10, 2013, 12:13:37 PM |
|
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77
|
|
|
|
samson
Legendary
Offline
Activity: 2097
Merit: 1070
|
|
July 10, 2013, 12:17:55 PM |
|
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Of course it did, there's almost no bid volume down to 75.5 right now. Good luck selling anything near current price if you want to dump.
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 12:22:09 PM |
|
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 IAS, I think it sold well see that the price is at the top for now and he made a dump until it is under price great demand. He needed the advantage of the first signal. If he was waiting for more signals (MACD, EMA), we'd have fallen below the with 3K sell market order. That it was the right decision at the right time when he needed to quickly sell 3k over 75
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 10, 2013, 12:22:39 PM |
|
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 Of course it did, there's almost no bid volume down to 75.5 right now. Good luck selling anything near current price if you want to dump. I should have looked at the depth. Only 232 to $76. And 743 to $75.50 And 1850 to $75 That filled in awfully quick considering we were just there, no?
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 10, 2013, 12:28:10 PM |
|
I don't understand that sell off. I saw the price bottomed at 75 and then immediately went back to 77 IAS, I think it sold well see that the price is at the top for now and he made a dump until it is under price great demand. He needed the advantage of the first signal. If he was waiting for more signals (MACD, EMA), we'd have fallen below the with 3K sell market order. I have the money flow as being bottomed around 20. ( http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zi1gMACDzi2gSStochzi3gMFIzi4gStochRSIzv)I'm not sure I understand you. Are you saying it was a mis-timed sell?
|
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 10, 2013, 12:40:36 PM |
|
I sort of follow you but I hadn't been using short term periods like that. This is a bit over my head actually How is the period (short or long) related to the effect on sell offs? (or buys) I thought it didn't matter, it was all in the order book (for the most part).
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 12:44:52 PM |
|
I sort of follow you but I hadn't been using short term periods like that. This is a bit over my head actually How is the period (short or long) related to the effect on sell offs? (or buys) I thought it didn't matter, it was all in the order book (for the most part). I think that this makes sense for day trading (if sufficient daily volatility) And of course, daily traders he must know: where the support and resistance is too.
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 12:52:31 PM Last edit: July 10, 2013, 01:05:02 PM by Dalib |
|
I did not understand earlier yesterday why someone yesterday bought 5k. But then again I checked the RSI and MFI, and I have also seen that around 73 (72.51) was a "daily bottom" (15-30 min oversold). By the way day trading with 3-5K BTC must be a lot of "risky entertainment" But also quite fast money when the daily volatility greater than 5 preferred around 10% ...
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 10, 2013, 01:00:54 PM |
|
|
|
|
|
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
|
|
July 10, 2013, 01:02:32 PM |
|
Ignored.
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 10, 2013, 01:18:18 PM |
|
Thanks Dalib, really interesting and I understand now (I do well with pictures) Gives me something to keep an eye on...
|
|
|
|
gandhibt
|
|
July 10, 2013, 01:20:53 PM |
|
I sort of follow you but I hadn't been using short term periods like that. This is a bit over my head actually How is the period (short or long) related to the effect on sell offs? (or buys) I thought it didn't matter, it was all in the order book (for the most part). I think that this makes sense for day trading (if sufficient daily volatility) And of course, daily traders he must know: where the support and resistance is too. That second square (SELL) is pretty tricky, you could end up selling too early and then end up getting a loss at next BUY.
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 01:31:42 PM |
|
Thanks Dalib, really interesting and I understand now (I do well with pictures) Gives me something to keep an eye on... you're welcome
|
|
|
|
Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
|
|
July 10, 2013, 01:34:13 PM Last edit: July 10, 2013, 01:50:09 PM by Dalib |
|
I sort of follow you but I hadn't been using short term periods like that. This is a bit over my head actually How is the period (short or long) related to the effect on sell offs? (or buys) I thought it didn't matter, it was all in the order book (for the most part). I think that this makes sense for day trading (if sufficient daily volatility) And of course, daily traders he must know: where the support and resistance is too. That second square (SELL) is pretty tricky, you could end up selling too early and then end up getting a loss at next BUY. Exactly when he react to the first signal, you can throw away a lot of percent profit. But I think now it was clear with 2.5k "bomb" at 79 and almost 9k "resistance" at 80 ... however, it will be interesting how low the price gets now! ?He probably knew also, that we can't stay long time in this "mini triangle". We must go up above 78.5 or lower than 76 - 77, otherwise, the volume decreases and we will wait for further developments.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 10, 2013, 02:01:00 PM |
|
|
|
|
|
|