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Author Topic: The Weekend Dip Myth  (Read 25467 times)
mccorvic
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July 14, 2012, 01:32:15 AM
 #61

Alright everyone, weigh in. Dip this weekend?

Yes. I know this with 100% certainty.

Know why? Because I won't be trying to cash in on it.  Whenever I don't try, dip happens. When I do try...no dip.

SO DIP AWAY!

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July 14, 2012, 01:45:58 AM
 #62

I hope so

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July 14, 2012, 02:31:29 AM
 #63

theirs 0 chance of a dip on virtex its still at 7.05....

but ya i could see a dip to 7.59 7.50 on GOX  Wink



... hmmm looks at chart....

looks back a bitcoin wallet

thinks for a second....

ooooH FUCK  Undecided

here we go

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July 14, 2012, 02:41:50 AM
 #64

theirs 0 chance of a dip on virtex its still at 7.05....

but ya i could see a dip to 7.59 on GOX  Wink


With a 17K order wall on the ask side I don't think it will be going much higher until it's removed....

Code:
June 19, 2012, 4:14 p.m. 2443.70/2500.00 7.05000 17228.09 CAD

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July 14, 2012, 02:44:24 AM
 #65

theirs 0 chance of a dip on virtex its still at 7.05....

but ya i could see a dip to 7.59 on GOX  Wink


With 17K order wall on the ask side I don't think it will be going much higher until it's removed....

Code:
June 19, 2012, 4:14 p.m. 2443.70/2500.00 7.05000 17228.09 CAD

ya i have to agree but we wont be going lower either.. we are 60cents off of mtgox price

its not like the ask wall will move down


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July 14, 2012, 03:04:16 AM
 #66

I'm out, I think we'll dip. Not sure to where though.
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July 14, 2012, 03:58:09 AM
 #67

@veken0m

Virtex 7.05$ 14K wall was removed

we can look forward to a slow grind up as long as mtgox prices holds

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July 14, 2012, 08:02:01 AM
 #68

Yeah, but in previous days that wall would have been eaten already.

The pressure just isn't there it seems. Might just be a reaction to Bitcoinica news.
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July 14, 2012, 08:38:19 AM
 #69

the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY"  the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.

So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" :   A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.  this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"

+1

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July 14, 2012, 09:09:30 AM
 #70

the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY"  the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.

So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" :   A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.  this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"

Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.

Wow I actually learned something important here. Thanks!

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July 14, 2012, 09:30:39 AM
 #71

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.

What about manipulators creating this "organic" line shape at the bid side (maybe via some script)?

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July 14, 2012, 09:32:40 AM
 #72

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.

What about manipulators creating this "organic" line shape at the bid side (maybe via some script)?
then they would have to be selling/buying in the trenches because they would have no wall to manipulate people into undercutting (which protects their wall, so they would have no protection). so their agenda would be to actually sell/buy coins. so this is what manipulators do AFTER a switch, or if they are predicting another manipulator's switch by essentially "calling their bluff".

bottom line is: no matter if its a bot or a bunch real traders, Linear diagonal lines are signs that they actually want to buy/sell. Walls are signs that they don't.

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July 14, 2012, 01:37:34 PM
 #73

i see a great chance for a weekend dip. going test ~7.2
most important: 7.2 is finally broken, now it's a support line what makes me a strong bull:


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humanitee
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July 14, 2012, 07:16:50 PM
 #74

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.

What about manipulators creating this "organic" line shape at the bid side (maybe via some script)?

That's what it is. The way that line structure pops up all at once sometimes, leads me to believe it's not created by humans. It's some kind of trading bot mixed in with regular buyers.
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July 14, 2012, 07:24:26 PM
 #75

the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY"  the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.

So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" :   A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.  this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"

Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.

Wow I actually learned something important here. Thanks!
plz delete that post. i was drunk when i posted that and that nonsense should be taking with a grain of salt.
P.S. get ready for the switch tonight when everyone is sleeping Wink

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July 15, 2012, 04:02:57 AM
 #76

Thank goodness I had my $$ ready..  Roll Eyes

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July 15, 2012, 04:11:39 AM
 #77

Have* 

the switch is happening tonight when everyone is asleep

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July 15, 2012, 04:21:34 AM
 #78

Have* 

the switch is happening tonight when everyone is asleep
I spent half of it so had is grammatically accepted, or not?  Grin

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July 15, 2012, 04:26:49 AM
 #79

at what price did u buy? either way, if u bought at any time today it was a good investment imo.

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July 15, 2012, 12:11:58 PM
 #80

at what price did u buy? either way, if u bought at any time today it was a good investment imo.
When it dipped below 7.5. I'm fairly confident that the price will stabilize above 7.8 in the coming week so it's a really good investment. Get them now while you can.  Wink

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