micalith
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August 01, 2013, 03:40:15 PM |
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this 'head and shoulders' you are debating about seems allot like the 'head and shoulders' a few people identified a couple of weeks ago with a similar upwards slant: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fbitcoincharts.com%2Fcharts%2Fchart.png%3Fwidth%3D940.1818182468414%26m%3DmtgoxUSD%26SubmitButton%3DDraw%26r%3D30%26i%3D30-min%26c%3D1%26s%3D2013-07-09%26e%3D2013-07-14%26Prev%3D%26Next%3D%26t%3DS%26b%3D%26a1%3D%26m1%3D10%26a2%3D%26m2%3D25%26x%3D0%26i1%3D%26i2%3D%26i3%3D%26i4%3D%26v%3D1%26cv%3D0%26ps%3D0%26l%3D0%26p%3D0%26&t=663&c=tEF3YOLBdfXQmQ)
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QuestionAuthority
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You lead and I'll watch you walk away.
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August 01, 2013, 04:01:24 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
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ChartBuddy
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August 01, 2013, 04:01:57 PM |
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gog1
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August 01, 2013, 04:04:56 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
It's not true arbitrage as money does not flow freely out of gox.
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ElectricMucus
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August 01, 2013, 04:13:33 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
I already described it: You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there. Rinse & repeat & accumulate.
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QuestionAuthority
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August 01, 2013, 04:30:52 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
I already described it: You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there. Rinse & repeat & accumulate. But you have to sell the tops at Gox and you won't be able to cash out before Christmas. lol
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ElectricMucus
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August 01, 2013, 04:48:16 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
I already described it: You buy the dips on bitstamp or btc-e then sell the tops. Keep the profit in BTC, send it to gox and sell there. Rinse & repeat & accumulate. But you have to sell the tops at Gox and you won't be able to cash out before Christmas. lol There is bound to be a catch...
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ChartBuddy
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August 01, 2013, 05:01:06 PM |
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Kazu
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August 01, 2013, 05:40:05 PM |
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SELL plz
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ChartBuddy
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August 01, 2013, 06:01:10 PM |
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ardana123
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August 01, 2013, 06:05:56 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals.
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ardana123
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August 01, 2013, 06:07:11 PM |
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[...] Sure, it was only supposed to be indicative. The volume has fallen at each buying period. The below shows it more clearly: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs9.postimg.org%2Fe7wjfv3db%2Fchart_5.png&t=663&c=Pb7KSDNhBasUoA) Anyway, it will be interesting to see how it pans out. Not being snarky, but honestly wondering: That H+S pattern didn't materialize, right? Or is there something like a double right shoulder?! Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does. I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise. you couldn't resist telling us about your profit huh? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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QuestionAuthority
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August 01, 2013, 06:12:44 PM |
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There has to be a way to arbitrage and take advantage of this $10 difference in price! Just sitting around and watching this opportunity is making me sick.
only if you have a shitload of cash somewhere in a bank account or something, and are willing to leave it on Gox until they come up with faster withdrawals. That's the only solution I can see. But then you increase your exposure risk.
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adamstgBit
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August 01, 2013, 06:38:45 PM |
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after some chart reading, i can clearly see that the up trend will resume in a few hours! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) dont make any plans this weekend and fill up on popcorn!
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fr33d0miz3r
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August 01, 2013, 06:47:12 PM |
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after some chart reading, i can clearly see that the up trend will resume in a few hours! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) dont make any plans this weekend and fill up on popcorn! The new "$180"?
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Traktion
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August 01, 2013, 06:48:19 PM |
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Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does.
I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.
you couldn't resist telling us about your profit huh? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Ha! It was only small, I assure you! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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adamstgBit
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August 01, 2013, 06:51:05 PM |
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after some chart reading, i can clearly see that the up trend will resume in a few hours! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) dont make any plans this weekend and fill up on popcorn! The new "$180"? 180 is still my target price, ETA 3 to 8 business days ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Jozzaboy
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August 01, 2013, 06:52:10 PM |
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after some chart reading, i can clearly see that the up trend will resume in a few hours! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) dont make any plans this weekend and fill up on popcorn! The new "$180"? 180 is still my target price, ETA 3 business days ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Adam and his business days again.... I'm bearish for the first time in months...
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Kazu
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August 01, 2013, 06:52:32 PM |
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Why wont the price go to $101.
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Tzupy
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August 01, 2013, 06:57:17 PM |
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It will, very soon. Unfortunately it may drop below 100, which would be a real mess.
PS. I spotted a sudden drop of 3k BTC in sell orders. I'm not yet sure what it means. PS2. And surge back again, more than 4k. People are repositioning their orders.
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