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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26381859 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.)
ChartBuddy
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July 13, 2014, 10:00:21 AM


Explanation
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ShroomsKit
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July 13, 2014, 10:04:41 AM

Still at a stable 630. This is keeping okay Smiley

i'm hoping this is just some normal choppiness with a few weak hands getting shaken out before liftoff. i'd hate to see a retest of the $60x levels again, not sure how they'd hold up.

Ah the good ol weak hands.
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July 13, 2014, 10:05:28 AM

Still at a stable 630. This is keeping okay Smiley
Although, nothing to do until the next paycheck and throw some more fiat to the exchanges.

We are fine above 580 so doesn't matter its 590 or 630, if we need to move upwards we have to cross 650 marks with great volume without volume we will not succeed to break the resistant and will back to around 600.
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July 13, 2014, 10:08:24 AM

There is no such thing as shaking out the weak hands.
I have read that same sentence here at least 50 times already. When we go up. When we go down. When we are stable.
If this was the case there would be no weak hands left.
Weak hands sell to other weak hands. So it will never end.
Gimmelfarb
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July 13, 2014, 10:11:31 AM

There is no such thing as shaking out the weak hands.
I have read that same sentence here at least 50 times already. When we go up. When we go down. When we are stable.
If this was the case there would be no weak hands left.
Weak hands sell to other weak hands. So it will never end.

of course it never ends. the market ranges most of the time. so it is back and forth (vs. a strong bear or bull trend). the expression (same as the beloved "bear trap" Grin) just means we're going up, and that some people are selling the bottom.
medialab101
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July 13, 2014, 10:20:29 AM

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...
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July 13, 2014, 10:26:03 AM

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...

The only people that still care about Gox are the people that lost coins/fiat there.
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July 13, 2014, 10:27:23 AM

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...

The only people that still care about Gox are the people that lost coins/fiat there.

It's not a small number, don't mistake it for nothing.
A lot of people lost their BTC to MtGox and people want it back.
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July 13, 2014, 10:33:57 AM

wondering why we'd bounce off $680 so vehemently, I rediscovered:

680 USD = 500 EUR
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July 13, 2014, 10:36:28 AM

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...

The only people that still care about Gox are the people that lost coins/fiat there.

It's not a small number, don't mistake it for nothing.
A lot of people lost their BTC to MtGox and people want it back.

But not easy to get back, that is why market not discounting gox coins.
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July 13, 2014, 10:49:32 AM

bitstamp keeps pushing, but no one is following.
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July 13, 2014, 10:50:01 AM

wondering why we'd bounce off $680 so vehemently, I rediscovered:

680 USD = 500 EUR

What do you want to tell us by this? That there is huge resistance at 500 euros?
medialab101
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July 13, 2014, 10:52:23 AM

I'm surprised no one is talking about the Gox creditor meeting on the 23rd as being a possible catalyst. Especially when the fate of 200,000 Bitcoins lies in the balance...

The only people that still care about Gox are the people that lost coins/fiat there.

It's not a small number, don't mistake it for nothing.
A lot of people lost their BTC to MtGox and people want it back.


More importantly, Gox only has about $7 mil left in cash and a lot of people will claim cash over Bitcoins. That means there could be another large liquidation down the road.
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July 13, 2014, 11:00:20 AM


Explanation
ShroomsKit
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July 13, 2014, 11:01:22 AM

bitstamp keeps pushing, but no one is following.

Even worse. Every buy results in people dumping.
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July 13, 2014, 11:04:01 AM


we are still following this trendline Smiley
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July 13, 2014, 11:05:52 AM

bitstamp keeps pushing, but no one is following.
Europeans are in trouble for sure but I hope this is not a new MtGox too..
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July 13, 2014, 11:06:46 AM

bitstamp keeps pushing, but no one is following.

Even worse. Every buy results in people dumping.


yeah, that usually happens when bitcoin is not in the bubble mode.
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July 13, 2014, 11:08:57 AM

bitstamp keeps pushing, but no one is following.
Europeans are in trouble for sure but I hope this is not a new MtGox too..


I think they are just fine at stamp. I am more worried about bitfinex.

Btw, I am glad to hear that you managed to recover part of your coins.
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July 13, 2014, 11:12:03 AM

1w, 3d, 1d, 12h MACD are all lookin like a dream!

tothemoon!
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