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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26965045 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 1 users with 9 merit deleted.)
HarHarHar9965
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July 20, 2014, 11:38:38 PM

It looks to me like Huobi is forming a nice base at the 50% retrace level off the recent top. Bears can't get any momentum going.... launch soon? Well, I hope so. Smiley
empowering
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July 20, 2014, 11:56:32 PM

ChartBuddy
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July 21, 2014, 12:00:11 AM


Explanation
edwardspitz
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July 21, 2014, 12:03:55 AM

On the topic of TA and indicators does any of you use the CMF indicator also found on Bitcoinwisdom and Bitcoincharts?
ShroomsKit
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July 21, 2014, 12:07:39 AM

It would be nice if we could make this place less about JorgeIdiot and more about Bitcoin.
Eventhough i have him on ignore his bullshit still fills most of the page.
I wish that guy would get a life. But i guess this is what narcissistic sociopaths do.
theonewhowaskazu
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July 21, 2014, 12:12:21 AM

On the topic of TA and indicators does any of you use the CMF indicator also found on Bitcoinwisdom and Bitcoincharts?

CMF indicator?

I was disappointed. I thought you may have made a CCMF indicator.
edwardspitz
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July 21, 2014, 12:19:42 AM

On the topic of TA and indicators does any of you use the CMF indicator also found on Bitcoinwisdom and Bitcoincharts?

CMF indicator?

I was disappointed. I thought you may have made a CCMF indicator.

LOL. The CCMF indicator is very good, but usually only works after the fact  Smiley

I can't make much sense of the CMF indicator. Maybe it is useful for longer time frames and for divergences?!
aminorex
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July 21, 2014, 12:23:37 AM

LOL. The CCMF indicator is very good, but usually only works after the fact  Smiley

Monkey recommends commodity channel money flow used with mixed moving correlation stochastics.
BTCfan1
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July 21, 2014, 12:27:06 AM

is the dumping convention still in town or what? Huh
Chef Ramsay
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July 21, 2014, 12:32:46 AM

is the dumping convention still in town or what? Huh
Rub3n
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July 21, 2014, 12:39:01 AM

On the 25th? 630$
edwardspitz
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July 21, 2014, 12:39:08 AM

LOL. The CCMF indicator is very good, but usually only works after the fact  Smiley

Monkey recommends commodity channel money flow used with mixed moving correlation stochastics.

I have not heard of moving correlation stochastics before Shocked I will have to look into that.
ShroomsKit
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July 21, 2014, 12:39:41 AM

is the dumping convention still in town or what? Huh


We went up 3 dollars so people have to take their 20 bucks profit you know.
ChartBuddy
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July 21, 2014, 01:00:11 AM


Explanation
dropt
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July 21, 2014, 01:18:14 AM

We went up 3 dollars so people have to take their 20 bucks profit you know.

I was just reading some garbage over on reddit that a self-described "non-professional" market trader with 25 years of experience posted.  It blew his mind at how the people trading this market had no idea what they were doing.  One point in specific, he noticed that people continue to want the price to crash so that they can "buy back in".  That, coupled with the apparent inability for people to let their winners run caused him to speculate that if/when Wall Street level traders do show up, that the "day tradurrz" of BTC right now are going to get chewed the fuck up.

I can't wait.
adamstgBit
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July 21, 2014, 01:21:04 AM

hmmmstrange
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July 21, 2014, 01:25:47 AM

We went up 3 dollars so people have to take their 20 bucks profit you know.

I was just reading some garbage over on reddit that a self-described "non-professional" market trader with 25 years of experience posted.  It blew his mind at how the people trading this market had no idea what they were doing.  One point in specific, he noticed that people continue to want the price to crash so that they can "buy back in".  That, coupled with the apparent inability for people to let their winners run caused him to speculate that if/when Wall Street level traders do show up, that the "day tradurrz" of BTC right now are going to get chewed the fuck up.

I can't wait.

Wall Street level traders have no idea how to use or make dinosaur charts properly.
ShroomsKit
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July 21, 2014, 01:29:06 AM

We went up 3 dollars so people have to take their 20 bucks profit you know.

I was just reading some garbage over on reddit that a self-described "non-professional" market trader with 25 years of experience posted.  It blew his mind at how the people trading this market had no idea what they were doing.  One point in specific, he noticed that people continue to want the price to crash so that they can "buy back in".  That, coupled with the apparent inability for people to let their winners run caused him to speculate that if/when Wall Street level traders do show up, that the "day tradurrz" of BTC right now are going to get chewed the fuck up.

I can't wait.

Yup. I can't wait for the next bull run where all these people who keep dumping to make 50 bucks profit are forced to buy in with a loss. Where 2 months of trading and dumping is lost because we went up 100 dollars in 2 minutes.
JorgeStolfi
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July 21, 2014, 01:30:07 AM

Yesterday (Sunday Jul/21 UTC) Huobi's volume was only ~8.2 kBTC, their lowest daily volume since Nov/03 (just before the laas bubble, when they had been open for only 2 months).

OKCoin's volume was only ~12.8 kBTC.  That is only a trifle higher than Feb/04 and Feb/05 (in the New Year holiday week) and than Jan/02 (when they started to again accept deposits by bank).

Maybe most of their their big traders have moved to the respective offshore exchanges (BitVC and OKCoin.com)? 
justusranvier
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July 21, 2014, 01:46:21 AM

That, coupled with the apparent inability for people to let their winners run caused him to speculate that if/when Wall Street level traders do show up, that the "day tradurrz" of BTC right now are going to get chewed the fuck up.

I can't wait.
Day tarding is just a bad idea in general.
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