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	Author	Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion (Read 26829889 times)
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Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 09:52:30 PM

#10781

Quote from: CMMPro on May 24, 2013, 09:41:02 PM

Looks like a head and shoulders forming....watch for the width of that right shoulder.

I see it... but I need to look in at 15 minutes periods, or even 5 minutes to get a clearer view. Undecided

Really short therm.

ChartBuddy

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May 24, 2013, 10:01:45 PM

#10782

Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:02:13 PM

#10783

And if you want to look with intervals this small, you can also see an upward triangle.

Miz4r

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:05:28 PM

#10784

Is it even useful to look at intervals that small?

Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:06:48 PM

#10785

I don't think so, but many here are trading on 1.5% profit...

Miz4r

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:12:04 PM

#10786

$126.5 at Bitstamp now, looks like a good price to buy in if you're still out. Wink

icekiss

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:13:08 PM

#10787

bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5 Grin

Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:18:53 PM

#10788

Quote from: Frozenlock on May 24, 2013, 10:06:48 PM

I don't think so, but many here are trading on 1.5% profit...

Quote from: icekiss on May 24, 2013, 10:13:08 PM

icekiss

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:24:32 PM

#10789

Quote from: Frozenlock on May 24, 2013, 10:18:53 PM

Quote from: Frozenlock on May 24, 2013, 10:06:48 PM

I don't think so, but many here are trading on 1.5% profit...

Quote from: icekiss on May 24, 2013, 10:13:08 PM

I am long term bullish, and so try to stay in bitcoins. But whenever I see a chance to increase my bitcoin holdings by selling/rebuying, I'll do so. Otherwise, there would be little point in watching the charts and walls, now would there? Cheesy

I believe in the effects of compound interest

CMMPro

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:35:11 PM

#10790

My second proposal of the day is to rename the "head and shoulders top" pattern to the "Mt Gox" pattern....it looks like a small mountain range if you squint and it also exemplifies the true meaning of disappointment.

dexX7

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:39:40 PM

#10791

Quote from: CMMPro on May 24, 2013, 09:41:02 PM

Looks like a head and shoulders forming....watch for the width of that right shoulder.

If the neckline breaks, the pattern and trend reversal is confirmed, before that the neckline can be considered as support.

Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 10:45:45 PM

#10792

It's not as if someone could paint the tape for such a time interval anyway.

Oh, wait... Cheesy

ChartBuddy

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May 24, 2013, 11:01:33 PM

#10793

EuroTrash

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 11:49:52 PM

#10794

Looks like there is a party going on here!

Cool, I love parties Grin

CMMPro

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 24, 2013, 11:59:11 PM

#10795

I'm mixing the drinks...what will it be tonight Frozenlock?

ChartBuddy

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May 25, 2013, 12:01:27 AM

#10796

Frozenlock

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 25, 2013, 12:06:32 AM

#10797

Quote from: CMMPro on May 24, 2013, 11:59:11 PM

I'm mixing the drinks...what will it be tonight Frozenlock?

Coffee bailey for me, I need to stay alert to savor this volatility. Wink

icekiss

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 25, 2013, 12:13:33 AM

#10798

Please party on without me. Cheesy

I'm finished trading for the day. It's after midnight here, and it was quite a headache to get in once mt.gox started creeping upwards again (was 1/3 in fiat) since bitstamp reacted really fast this time around.

Luckily a 400BTC bidwall appeared, which is still creeping downward. At 128.1 I couldn't resist anymore and bought in again. Grin

adamstgBit

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 25, 2013, 12:15:43 AM

#10799

I hope we'll see stability in the 130's this weekend
130's definitely has some resistance, it would make sense to pause there some time to accumulate coins.
This rally is just a taste of next week's action IMO.

adamstgBit

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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore

May 25, 2013, 12:22:18 AM

#10800

PS: if you're a bear now would be a good time to sell.

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