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Author Topic: Bid/ask imbalance is showing again -- $4.6-5 coming!  (Read 1651 times)
ineededausername (OP)
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December 30, 2011, 06:11:48 PM
 #1

It's time for another big move up.
On the eve of the last move, we had a big market depth imbalance: 20k BTC to $3.1, 40k to $3.  On the other hand, we had 20k BTC to $3.5, 40k to $3.75.  The bid side was 20k for every 0.1 and the ask side was 20k for every 0.2.
Now, we have the bid side piling up again: 20k to $4, 40k to $3.8.  On the other hand, the ask side has 20k to $4.6, 40k to $5.  The same ratios are showing up.  
Additionally, we've touched the trendline again, the moving averages are coming close, and the PSAR is getting close to the price (within $0.2).  Strong support has caught up and we are poised for a big move, up or down, soon and I think it will go up.
The market would have gone up to $4.6 or $5 yesterday if Bitcoinica didn't run out of float.  Since Bitcoinica doesn't have enough USD, the move up will be more gradual this time.  However, we won't see $4.2 ever again so now is the time to BUY.

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Mushoz
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December 30, 2011, 06:14:39 PM
 #2

I approve of your post and thinking  Grin

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ineededausername (OP)
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December 30, 2011, 06:20:38 PM
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Wink

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December 30, 2011, 06:26:31 PM
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I don't know what any of this means, but it looks good to me!

https://i.imgur.com/UICcB.png
ineededausername (OP)
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December 30, 2011, 06:31:01 PM
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Everyone, do you see that?
Weekly MACD is crossing over.
Get ready.

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December 30, 2011, 08:06:36 PM
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Wink

Will you draw one of these now?  Wink

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ineededausername (OP)
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December 30, 2011, 08:10:56 PM
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Oh come on proudhon we all know it's you putting up the askwalls Wink

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December 30, 2011, 08:19:38 PM
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Oh come on proudhon we all know it's you putting up the askwalls Wink

Here you go:


Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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December 30, 2011, 08:31:20 PM
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Herp, derp...

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December 30, 2011, 08:44:17 PM
 #10

Well I like the "crazy batman top" bear signal theory as shown in : https://www.bitstamp.net/
https://bitcointalk.org/index.php?topic=56025.0


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RyNinDaCleM
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December 30, 2011, 08:51:31 PM
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Here is what I see!



The selling pressure seems to be amounting. Or possibly the bidders don't want to bid much higher. Price drops a bit over a few hours, then someone pushes it up to fall back again.

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December 30, 2011, 09:00:54 PM
 #12

Here is what I see!



The selling pressure seems to be amounting. Or possibly the bidders don't want to bid much higher. Price drops a bit over a few hours, then someone pushes it up to fall back again.
dam, I see scary batman double tops everywhere now.

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