prophetx
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he who has the gold makes the rules
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October 29, 2013, 01:13:28 AM |
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keep in mind that is the result of 0% trade commissions ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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theonewhowaskazu
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October 29, 2013, 01:15:10 AM |
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Got another buy in at higher prices, putting my recent average at $174.5. Lets see if this one gets canceled due to high risk by coinbase ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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justusranvier
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Activity: 1400
Merit: 1013
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October 29, 2013, 01:28:56 AM |
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keep in mind that is the result of 0% trade commissions ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Still impressive, since BTCChina is only 21% of the total Chinese market: http://btckan.com/price
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solex
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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October 29, 2013, 01:40:09 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FQoU87TU.png&t=665&c=ubhscCmnOTtlrA) Anyone creeped out by this slow low-volume recovery and all the selling? There is no "all the selling". Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
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Walsoraj
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October 29, 2013, 01:44:26 AM |
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There is no "all the selling". Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
Holding because cannot get fiat out of exchange = stronger hands? lol.
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windjc
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Activity: 2156
Merit: 1070
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October 29, 2013, 01:46:35 AM |
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There is no "all the selling". Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
Not selling because cannot get fiat out of exchange = stronger hands? lol. fixate much? Btw, 1000s of people in Japan are getting their $$ out within 2-5 days. Most of the european and us trading has already migrated to other exchanges.
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Loozik
Sr. Member
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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October 29, 2013, 02:39:09 AM |
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Anyone creeped out by this slow low-volume recovery and all the selling?
TERA, there are some similarities. Note, increased volume at blue circles (historical chart). That's where impatient speculators were buying in hope for the price to go from 104 to at least 190 (it went only to 136). First they bought at 104, then they bought at 91, and then the price fell even more causing them to partially exit with a loss. Each time they bought, the price went down (to 79). It was fun to watch. They failed to analyze the increased volume at red circle + did not see some other things that happened earlier (not covered by your chart), which indicated for the patient speculators that the so called bull trap would develop later. Well spotted! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.imghack.se%2Fimages%2F7da6ad8e69e9aae579c06880d9a83862.png&t=665&c=9UldNiQt5qRVTQ)
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 29, 2013, 02:57:21 AM |
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just buy, sell later if you think price is to damn high ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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TERA
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October 29, 2013, 03:12:17 AM |
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A moment of truth? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FoByTUV7.jpg&t=665&c=dzO8kv1o62jPDQ)
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SheHadMANHands
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Activity: 1168
Merit: 1000
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October 29, 2013, 03:24:07 AM |
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mccorvic
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October 29, 2013, 04:27:45 AM |
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I expected a face plant of epic proportions. Left disappointed.
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 29, 2013, 05:02:26 AM |
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TERA
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October 29, 2013, 05:52:20 AM |
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windjc
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October 29, 2013, 05:59:30 AM |
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What are you predicting with this chart?
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TERA
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October 29, 2013, 06:02:26 AM |
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Just that two trends are meeting right now and there should be some action by the next candle - either a breakout or breakdown.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 29, 2013, 06:02:28 AM |
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BitAddict
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October 29, 2013, 06:03:20 AM |
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I don't know if this means anything to you, but Localbitcoins selling offers in Europe are worse and illiquid than ever.
I guess that is a clear bullish sign. I won't be surprised if price keeps rising with strength.
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windjc
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October 29, 2013, 06:08:50 AM |
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Just that two trends are meeting right now and there should be some action by the next candle - either a breakout or breakdown.
I agree. Although I think the breakout up or down will not be huge. I actually expect that it might go south, simply because so many people expect it to go up but there are still many many coins to dump. Especially with the approaching holidays. But news has been bullish so that might take us north. Although today had a lot of bullish news and we didnt move far.
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TERA
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October 29, 2013, 06:11:56 AM |
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Don't coins automatically get dumped at the end of the month by bitfinex or something?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 29, 2013, 07:02:23 AM |
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