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.
Well, I was about right for this phase. Unfortunately, I wimped out at 98 just before the drop, as an insurance against it going up! I should have stuck!
Still, I made a good BTC profit regardless and bought the other half at 91. I'm hoping to sell on a bounce up to the high 80s, then buy back at the low 80s. I'm hoping to gain a few more BTC in the process and claw back some USD losses.
EDIT: P.S. Unfortunately, I was away during the weekend and couldn't trade it out. Ofc, the last few weekends it was dead... when I was free to trade!
