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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26488237 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
BRADLEYPLOOF
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December 11, 2013, 06:29:04 PM
 #59161

200 coin dump , why not sell slowly to ..not jip yourself of ..10-20 bucks a coin.. guess you'd rather just try and manipulate

Might have had to do with a 217 BTC buy of a lambo? 
CoinDox
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December 11, 2013, 06:29:16 PM
 #59162

"Easily misinterpreted" characterises this whole "crash". The China news was easily misinterpreted as China outlawing Bitcoin completely, and the 10-year-old JPM patent, completely unrelated to anything Bitcoin does, is being easily misinterpeted on purpose by maxkeiser as JPM preparing to sue all Bitcoin exchanges. Bitcoin holders are the most jumpy creatures ever.
Monument to the "news doesn't matter" argument. Sentiment is king.

Sentiment is the Queen. Utility is the King.

For the past little while though, the King has been taking a nap and the Queen is running the show.
mb300sd
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December 11, 2013, 06:30:43 PM
 #59163



You should use int.MaxValue or equivalent instead of 9999 Grin
Carra23
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December 11, 2013, 06:31:26 PM
 #59164

Why is there a double head? One of those two headed ogres in WoW?

Double heads are possible in H&S patterns. Nothing wrong here.
It also provides a much stronger reversal signal: Double top + H&S.


Cheers. Noob to all these TA.
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December 11, 2013, 06:31:57 PM
 #59165

200 coin dump , why not sell slowly to ..not jip yourself of ..10-20 bucks a coin.. guess you'd rather just try and manipulate

Might have had to do with a 217 BTC buy of a lambo?  

lol no... It is probably a fractional portion of a whale selling off that got in at a good price on Friday.

The cycle is quite simple. Manipulate, buy low, and sell off in increments into buying pressure at predetermined profit levels. Once out of "sell-able" coins, wait for bull sentiment to weaken and then rinse and repeat.
DaSheep
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December 11, 2013, 06:32:32 PM
 #59166



DAT SPREAD! Cheesy

but seriously.. gox api down for 4+ hours?? again?HuhHuh  Roll Eyes
fluidjax
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December 11, 2013, 06:40:48 PM
 #59167



DAT SPREAD! Cheesy

but seriously.. gox api down for 4+ hours?? again?HuhHuh  Roll Eyes

9999 thats the Y2K problem all over again.... once we get 10K the world will end
barbs
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December 11, 2013, 06:44:19 PM
 #59168

gox is so shit, wow.

I can't even withdraw my bit coins.
mbets
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December 11, 2013, 06:46:04 PM
 #59169

gox is so shit, wow.

I can't even withdraw my bit coins.

Try selling and withdrawing USD. (But beware I don't know if it'll work)
fr33d0miz3r
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December 11, 2013, 06:46:32 PM
 #59170

gox is so shit, wow.

I can't even withdraw my bit coins.

MAbtc
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December 11, 2013, 06:50:59 PM
 #59171

gox is so shit, wow.

I can't even withdraw my bit coins.
What, you don't want Gox bucks? Smiley
pdawg
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December 11, 2013, 06:52:48 PM
 #59172

More than likely these large dumps are probably large cash transactions, like lambos, real estate etc. (These are happening!) the seller wants to convert to fiat immediately due to the volatility, which creates more volatility in the short term.  Long term this is excellent for BTC.  An interesting thought.... maybe some of the early BTC whales should probably consider a liquidity entity, in which they fill in when the market depth goes to crap,  kind of like the good point of a central bank without out the debt slavery.
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December 11, 2013, 06:55:29 PM
 #59173

What the hell happened?!
I walk out for a couple of hours, and - this?!
Well, luckily, I sold at a loss at 940 and placed an optimistic buy at 902. Then I walked out. A few minutes later 902 got hit!
I have now 1 BTC more than what I started the day with.
On the down side, it seems to continue down, and I wonder if I should sell again and re-buy even lower...

Wow, you finally made a profit Shocked

Good on you Smiley

+1 Smiley

Not really. I could not well disappoint you, guys:

It all went so well, until I thought that we started on a new leg of downward move and sold. Guess at what price?

Let's see what my next move is.... I'll hold fiat with a "lower than sell" buy order for a couple of days (yeah, I know, boring).

After that, if I ever manage to make a BTC profit off a trade, that profit portion will go directly to my cold wallet, so that I would at least have something left  Grin
Wekkel
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yes


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December 11, 2013, 06:57:13 PM
 #59174


DAT SPREAD! Cheesy


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December 11, 2013, 06:59:24 PM
 #59175



You should use int.MaxValue or equivalent instead of 9999 Grin

Or more probably just set it if it's not set already.

Truth is, quite a lot of it is a hack Wink
ChartBuddy
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December 11, 2013, 07:01:13 PM
 #59176

pickard
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December 11, 2013, 07:01:40 PM
 #59177

Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool

Actually, no I don't. Bounce or continuation of rally after extreme correction?
looks like a head and shoulders is maybe forming, which would mean sub $500 on gox.  

http://www.youtube.com/watch?v=1ByzZ6b4ET8&list=PL33D0C18CDEBF64B7

This is what I'm thinking. Possibly test $400.

no no no.

bears are committing suicide nothing more.
Coma
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December 11, 2013, 07:04:19 PM
 #59178



Value is 4999.5!!!!
MAbtc
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December 11, 2013, 07:06:06 PM
 #59179

Panic buying and panic selling are both poor decisions. If your position is sound, commit to it until it is time to reassess -- not the second the market moves against you. I quite like to get away from the charts for a few hours after making a trade. (when not day trading I mean)
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December 11, 2013, 07:06:13 PM
 #59180

So I ate a fortune cookie last night, and another this mourning..both fortunes said, "People will be talking about your success." Clearly this means too the moon.
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