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

[oda.krell]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...

You just summarized one possible interpretation of why TA does what TA does. Work.

[1714278909]

1714278909

[JayJuanGee]

Price On June 1st 2014
OPTIMIST
>800    - 48 (20.3%)
720    - 10 (4.2%)
648    - 43 (18.2%)

Realist
583    - 61 (25.8%)
524    - 41 (17.4%)
472    - 15 (6.4%)

Pessimist
425    - 4 (1.7%)
382    - 2 (0.8%)
<344    - 12 (5.1%)
   
Total Voters: 236

Good to know I'm Realist and most of the members who voted

Probably many of us who voted early would like to move our vote upwards, based on recent events of the last few days.

Maybe next poll should have BTC price range predictions?  EG:

>>>>>>>>>What do you predict the BTC price to be on x date?

Above $1000
$900-$1000
$800-$899
$700-$799
$600-$699
$500-$599
$400-$499
Below$400

<<<<<<<<<

[dreamspark]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

For an educated man, you say some retarded things. I said to you yesterday get used to scratching your head, many before you have tried and failed to do the sort of analysis your doing. It just doesn't work like that, I dont see why you just ignore the people who know this market infinately better than you. Im not saying all the perma bulls but there are people around here that you have conversed with who aren't perma bulls and have attempting to explain many things to you. Instead of heeding their advice and points you just produce this waffle.

[Searing]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...

You just summarized one possible interpretation of why TA does what TA does. Work.

not sure..with all the 'bad news" in the last few months ..maybe people did not buy due to that ..ie the price was repressed below what it may have been as a base if the news had not always been negative...perhaps this is a blow back and upward to correct (hey i can wish)

anyway may surprise us

[akujin]

 

[magicmexican]

Dump is coming - good time to sell btc and buy some ripples.

[studio1one]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...

You just summarized one possible interpretation of why TA does what TA does. Work.

Agreed.

I think it all started with that tiny green dot.... the 3 day MACD for the first time since November. That was the signal that started the market reversal.

[Searing]

Dump is coming - good time to sell btc and buy some ripples.

heh..your funny

[hdbuck]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

For an educated man, you say some retarded things. I said to you yesterday get used to scratching your head, many before you have tried and failed to do the sort of analysis your doing. It just doesn't work like that, I dont see why you just ignore the people who know this market infinately better than you. Im not saying all the perma bulls but there are people around here that you have conversed with who aren't perma bulls and have attempting to explain many things to you. Instead of heeding their advice and points you just produce this waffle.

+1 this dude is just drawing conclusion based on news and external events. such analysis, much credit. just wow. but it aint funny anymore. just pathetic. ignored.

[ChartBuddy]

Explanation

[ShroomsKit]

Dump + wall back.

[ShroomsKit]

Dump is coming - good time to sell btc and buy some ripples.

You bought, kinda regret it and now want others to get in as well to feel better?

[ChrisML]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

For an educated man, you say some retarded things. I said to you yesterday get used to scratching your head, many before you have tried and failed to do the sort of analysis your doing. It just doesn't work like that, I dont see why you just ignore the people who know this market infinately better than you. Im not saying all the perma bulls but there are people around here that you have conversed with who aren't perma bulls and have attempting to explain many things to you. Instead of heeding their advice and points you just produce this waffle.

+1 this dude is just drawing conclusion based on news and external events. such analysis, much credit. just wow. but it aint funny anymore. just pathetic. ignored.

Jorge is a self forfulling cunt who has not FUCKING idea what he is talking about. It even suprises me that he is still here since this rally has started.

Fuck off? Move you're dinosaur ass somewhere else, but stop bullshitting. Your wrong, you were always wrong. Live with it, stop making up stories to try and straighten your mistakes, cant happen.

Welcome to ignore.

[Richy_T]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

I don't think you were around last time when I recommended reading this for those who seek to understand Bitcoin

http://principiadiscordia.com/

[amitrwt]

Price On June 1st 2014
OPTIMIST
>800    - 48 (20.3%)
720    - 10 (4.2%)
648    - 43 (18.2%)

Realist
583    - 61 (25.8%)
524    - 41 (17.4%)
472    - 15 (6.4%)

Pessimist
425    - 4 (1.7%)
382    - 2 (0.8%)
<344    - 12 (5.1%)
   
Total Voters: 236

Good to know I'm Realist and most of the members who voted

Probably many of us who voted early would like to move our vote upwards, based on recent events of the last few days.

Maybe next poll should have BTC price range predictions?  EG:

>>>>>>>>>What do you predict the BTC price to be on x date?
Above $1000
$900-$1000
$800-$899
$700-$799
$600-$699
$500-$599
$400-$499
Below$400
<<<<<<<<<

For this month I'll go with $500-$599 price window if that's the case  

[JorgeStolfi]

You'll get used to the feeling of confusion, I'm sure.
Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.

I find it amazing how people can put their money into something, without knowing where the profit will be coming from -- and without wanting to know.

[Richy_T]

Dump is coming - good time to sell btc and buy some ripples.

Why buy when you can just premine? Oh wait, I'm not a scammy scammer. Foiled again.

[Mythul]

At least Jorge doesn't go silent/disappear like other permabears arround here.

Where is Tera, fonzie, win ? I guess their fud-for-hire contract expired, until the next drop of course.

[bambou]

You'll get used to the feeling of confusion, I'm sure.
Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.

I find it amazing how people can put their money into something, without knowing where the profit will be coming from -- and without wanting to know.

like if you have any idea where your money goes, what you buy, what you eat or how i dont give a fuck about you and your miserable trolling here. get a life.

[magicmexican]

Dump is coming - good time to sell btc and buy some ripples.

Why buy when you can just premine? Oh wait, I'm not a scammy scammer. Foiled again.

Well seems like ppl dont care much about coin being premined at all, just look DRK