Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
http://www.bitcoincharts.com/markets/bitstampUSD.html
Look at that same chart, zoomed out.
To get as many bids as asks at 108, you have go right down to 80!
Ranging from 90-100 looks easily possible. Less than 90 doesn't look off the table either.
I currently have speculative orders in at 91 and 81, while I monitor the action from a distance.
Look at that same chart, zoomed out.
To get as many bids as asks at 108, you have go right down to 80!
Ranging from 90-100 looks easily possible. Less than 90 doesn't look off the table either.
I currently have speculative orders in at 91 and 81, while I monitor the action from a distance.
Ahhh, I didn't realize there was a fuller chart available - Thx.
Be really really careful with your placements. You might very well make a profit but if the volume there is so low that it will slice through and won't bounce off the bottom till it hits resistance (which may be at $60 - $70). Looking at the chart last weekend I came up with these key support levels: $90, $82, $60, low $50's and possibly 20's. Nothing really new with my numbers but I did verify some of the patterns with the past bubble correction.
Yes, approx. 91 and 81 are my immediate goals. I suspect there will be bounces to profit off these resistance points. I would expect to buy in again lower should the price permit.