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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336736 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. (170 posts by 1 users with 9 merit deleted.)
ChrisML
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May 22, 2014, 07:00:17 AM

Thank fuck I bought my last bitcoins last month with my vacation money.

All in.

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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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May 22, 2014, 07:00:39 AM


Explanation
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May 22, 2014, 07:04:57 AM
Last edit: May 22, 2014, 07:41:26 AM by shmadz

I don't know from markets, but this feels a lot like the opposite of those big dumps that were getting eaten up a few weeks ago. like you could dump a bunch of coins and it would only go down briefly, and then right back up, right away.

Now, with these buy tests, the market does not retrace, only perhaps oscillates in a tightening triangle until the next "test"

I really wish that everyone would just curb their enthusiasm and remember that this is all just a dream.

https://www.youtube.com/watch?v=rsL6mKxtOlQ



case in point:


to steal a phrase from MatTheCat:

WHAT THE HELL IS WRONG WITH YOU BITCOIN NUTTERS!???!!?!?

MAX ALL YOUR SHORTS!!!
cech4204a
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May 22, 2014, 07:12:41 AM

Get on the train and forget 500 Wink
rezurect
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May 22, 2014, 07:14:16 AM

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.
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May 22, 2014, 07:29:43 AM

BTC Trading: Make a mistake once and you'll end up making more to cover the first.
dreamspark
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May 22, 2014, 07:30:35 AM

I'd be getting very nervous if I wasn't on this train already  Grin

1 week MACD moving the right way, gonna be fireworks when that crosses over.
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May 22, 2014, 07:33:59 AM

I'd be getting very nervous if I wasn't on this train already  Grin

1 week MACD moving the right way, gonna be fireworks when that crosses over.
Been watching that with optimism over the last few days... things are looking really good... I think it just takes a while for the market to grasp the latest developments in bitcoin  Smiley
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May 22, 2014, 07:34:44 AM

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.
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May 22, 2014, 07:37:00 AM

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?
windjc
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May 22, 2014, 07:41:34 AM

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?

You mean why we don't at least go down a bit instead of flatlining?

I think everyone is anticipating a bull market. So we have one. I don't think this has legs to get past 650ish, but as long as people are selling, I guess we can run for a while.

From a wave perspective this is a corrective pattern from the low with one more bull run up, before resuming back down.

We will see.
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May 22, 2014, 07:42:19 AM

You even know what a Nazis is? National socialism...... Show me one crypto coin that is socialist?

Um. Just because they called themselves Socialists doesn't make them socialist.

They were in fact fascists, right-wingers not left-wingers.

[/politics]

Wrong.  They were socialists.

In Hitler's Germany, every citizen was guaranteed a job by the government.  Every citizen was guaranteed an education, at government expense.  Health care was not totally socialized, but it was heavily subsidized by the government.  Sound familiar?  They weren't Marxists, but Fascists really are socialists too.

I don't think you know what left-wing and right-wing actually mean.  In America, at least, these terms have become almost meaningless.  Nowadays, right-wing = conservative = republican, and left-wing = liberal = democrat.  In reality, all of these terms have distinct, useful meanings.

The left-wing/right-wing terminology originated in France after the French revolution, where those who favored the old aristocracy sat on the right side of the legislature, and those who were more egalitarian in their views sat on the left.  Thus, right-wing came to be associated with those who believed that some people (the aristocracy, in this case) were genuinely better than others by birth, and ought to rule over others based on their basic genetic superiority.  In this way, the Nazis were clearly right-wing, even though they were also socialists.  I don't think any political group in America now is really right-wing, other than fringe groups like neo-nazis and the Ku Klux Klan - but it makes Democrats feel better to associate that term with Republicans.

Look up "classical liberalism" on Wikipedia to see what the original (and real) meaning of liberalism is.  I think you will be surprised by the answer.  Spoiler:  It reads a LOT like what most of us call 'Libertarianism'.

"Conservative" historically has meant to oppose change, to favor maintaining the status quo - whatever that might be at the time.  I don't know too many American 'conservatives' who are happy with the status quo nowadays.

The media and the political establishment try to conflate any term that has negative connotations among their supporters with their political opposition, and thereby render good, useful words useless.



Great explanation.

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May 22, 2014, 07:50:30 AM

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?

You mean why we don't at least go down a bit instead of flatlining?

I think everyone is anticipating a bull market. So we have one. I don't think this has legs to get past 650ish, but as long as people are selling, I guess we can run for a while.

From a wave perspective this is a corrective pattern from the low with one more bull run up, before resuming back down.

We will see.

yeah, you got what I meant exactly.

but when you say "resuming back down" do you mean a retracement? or do you seriously think we will test recent lows? (I mean like sub 450 range)
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May 22, 2014, 07:52:58 AM

I see cryptocoincharts is still 'broken'....or at least the bitstamp api is.

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/today

Does anyone have a reliable source for the current bid/ask sum/ratio on Stamp?

Thanks Smiley
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May 22, 2014, 07:53:42 AM

Hunyadi
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May 22, 2014, 07:54:31 AM

Who thinks 530 wall is fake? Cheesy
mooncake
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May 22, 2014, 07:57:18 AM

BUY BUY BUY!!!

But if you want to short, please do so! We will not mind cheap coins!
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May 22, 2014, 07:57:56 AM

Who thinks 530 wall is fake? Cheesy

Looks like we'll soon find out!

Not sure, but there has been a few 'walls' pulled today already. (from reading this thread)
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May 22, 2014, 07:58:33 AM

Who thinks 530 wall is fake? Cheesy

We should find out in the next hour or two. Probably get pulled again... this time 550.
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May 22, 2014, 08:00:38 AM


Explanation
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