Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[chessnut]

with 4 hr MACD turnning green, short term break of trend in a very weak bear market, and a bounce near critical trend defining lows, I must continue to assume a bullish stand point  

[1715417781]

1715417781

[magicmexican]

4 green candles on the 4h chart

[Miz4r]

3d MACD on Huobi in the green and crossing for the first time since December. Positive signs are slowly coming in, just have to wait for the volume. A downturn is still possible, but it's becoming less likely by the minute.

[roslinpl]

This came to my mind while reading previous posts



I am sure this time we wont miss it Hehe.

[sonofliberty]

Green candles every fucking where.

[Bagatell]

4 green candles on the 4h chart

I feel a song coming on..

[Raystonn]

Imagine the buy wall as a line of Spartans, shields connected.  Push forward!   PUSH!

[dnaleor]

In one hour, most chinese will eat breakfast and check the exchange rate!!!  

500 USD in a few minutes, mark my words

[chessnut]

and the 12 hour chart is just BEAUTIFUL

[Raystonn]

Imagine the buy wall as a line of Spartans, shields connected.  Push forward!   PUSH!

Those participating in the smaller buy wall at 490.10, join the 491.10 buy wall now.  We're going to walk this buy wall into the bastard sellers one step at a time, and shove it down their throats.  This is BITCOIN!

[JayJuanGee]

Imagine the buy wall as a line of Spartans, shields connected.  Push forward!   PUSH!

Those participating in the smaller buy wall at 490.10, join the 491.10 buy wall now.  We're going to walk this buy wall into the bastard sellers one step at a time, and shove it down their throats.  This is BITCOIN!

I'll rest assured, when we go past $560... which may take a while..

[dnaleor]

trendline of the downtrend now located at 501 USD

[ShroomsKit]

Not exactly a rally eh?

[adamstgBit]

i have a good feeling that we will HODL here waiting for dumb bears to be dumb, and bears are dumb so place your bids!

[ChartBuddy]

Explanation

[Kramerc]

Don't worry guys, I've just bought a little bit. This can mean only one thing.

[JorgeStolfi]

Chinese Slumber Method prediction for Friday April 25

Prediction valid for: Friday 2014-04-25, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3067 CNY
Bitstamp's predicted price: 488 USD





[ Plot legend ]

Today's data point was not bad (S = 0.0049 W = 0.614), and above the previous trend line, but not by much (by 37 CNY).  It seems still valid to use a straight-line trend, fitted by weighted least squares to the last six points, Apr/19--24.  Namely, A + B*(d-d0), where d-d0 is the number of days since Apr/19, A = 3138.67 and B = -12.01.

(The older data points should have their weights reduced when fitting the trend, but the effect on the prediction would have been small.)

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.29 CNY/USD. It was 6.30, 6.28, 6.34, 6.27, 6.25, 6.26 at the last five Slumber Times.
 
Checking the previous prediction

Prediction was posted on: Wednesday 2014-04-23, 21:47 UTC
Prediction was valid for: Thursday 2014-04-24, 19:00--19:59 UTC (~21 hours later)

Huobi's predicted price: 3059 CNY
Huobi's actual price (L+H)/2: 3096 CNY
Error: 37 CNY (~6 USD)

Bitstamp's predicted price: 487 USD
Bitstamp's actual price (L+H)/2: 491 USD
Error: 4 USD
 
NOTE: "I never think of the future.  It comes soon enough."  --Albert Einstein

[KeyserSoze]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

[frienemy]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

[JorgeStolfi]

I was thinking about MTGox's 200,000 Bitcoins they found in that old wallet or whatever it is.  At some point the bankruptcy is going to sell those coins and dump them on the market in one big go turning them into FIAT.  There is no way I see them distributing out those coins as Bitcoins.  What will that do to the market?  If they released all 200,000+ coins at one time?  Seems to me that's exactly what they are going to do.

IF they decide to sell the coins, I expect that they will divide them into manageable lots, and auction them through some auctioning house.  I believe that would be the easiest way to get the best possible price for them. (The FBI will probably do the same with the SilkRoad coins, except that they will surely use the government auctioning services.) 

But that just pushes the question forward: what wiill the auction winners do with those coins?