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

[medialab101]

didn't think it would jump that much over the weekend.. i was away for some time. kinda surprised.. what's the cause for this run-up?

The downtrend is broken and we are in a bull market... this is what it's going to be like until we smash the ATH, hit the next bubble peak and crash back down to somewhere between 1,000 and 2,000.

I agree except for crashing down as low as $1000.

Yes, I know that past performance is no guarantee but historically, BTC bubbles have never crashed down anywhere near as low as the previous bubble's high. I'd expect the crash to bottom out somewhere between $1800-$2500.

Historically this would be correct but I don't think there is enough infrastructure in place yet to sustain past trends. I hope I'm wrong though.

[1714702078]

1714702078

[thezerg]

Good thing we slowed down.  Turning on the afterburners too soon will flare out early

[shmadz]

LOL day.

I can see the first dump at 683 (profit taking) but the lemmings who sold at less than 650 make me laugh.

 

There was no large "first dump" till $670, just small sells. Dumps started at $655 and down. Although they are still in profit by selling at $650  

I should have said "first dumps" (plural).

Sure, people who sold at $650 still made a profit, but that's no big thing.

Most people here would make a profit selling at $200, wouldn't they?

Selling at the bottom of this minor correction doesn't make a lot of sense.

I'm hoping that buying at the bottom of this minor correction makes more sense..


670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.



that's what I'm hoping anyways.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

LOL day.

I can see the first dump at 683 (profit taking) but the lemmings who sold at less than 650 make me laugh.

 

There was no large "first dump" till $670, just small sells. Dumps started at $655 and down. Although they are still in profit by selling at $650  

I should have said "first dumps" (plural).

Sure, people who sold at $650 still made a profit, but that's no big thing.

Most people here would make a profit selling at $200, wouldn't they?

Selling at the bottom of this minor correction doesn't make a lot of sense.

I'm hoping that buying at the bottom of this minor correction makes more sense..


670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.



that's what I'm hoping anyways.

Bottomed out at yesterday's resistance. Spot on. I agree.

This is a excellent re-entry point.

[JimboToronto]

I'm hoping that buying at the bottom of this minor correction makes more sense..

Indeed.

I've got no fiat at Virtex, though. Too bad Bitcoin Decentral is closed on Sundays.

670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.

It seems to be holding for now.  It's the 160 coin ask at $693.49 holding things back that concerns me more now.

I can't see it falling too much below current levels.

Edit: That 160 coin ask has been bumped up to $702.35. I guess someone's feeling less panicky now.

[keithers]

What is the over/under on us stabilizing back at $666 by the end of the day?

[keithers]

OKCoin is still putting up volumes that are about as high as Stamp and Houbi combined...

[JimboToronto]

What is the over/under on us stabilizing back at $666 by the end of the day?

Very good, I'd say.

The correction of the over-correction has already started.

[Davyd05]

I'm hoping that buying at the bottom of this minor correction makes more sense..

Indeed.

I've got no fiat at Virtex, though. Too bad Bitcoin Decentral is closed on Sundays.

670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.

It seems to be holding for now.  It's the 160 coin ask at $693.49 holding things back that concerns me more now.

I can't see it falling too much below current levels.

have you heard that they have a btc atm at snakes and lattes? http://www.snakesandlattes.com/

[JayJuanGee]

Anybody get a circle.com invite yet? 

From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago. 

However, I have received No invite from them, so far.

I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.

[BBmodBB]

Explanation

750-900 : IN SIGHT!!! 

[Gingermod]

Explanation

750-900 : IN SIGHT!!! 

Oh fug

[ChrisML]

750-900

A bit optimistic? lol

[JimboToronto]

have you heard that they have a btc atm at snakes and lattes? http://www.snakesandlattes.com/

Cool. Thanks for the tip.

I'm more of a Snakes and Lagers type though. I'll have to see if they have a BTC ATM there. It's a little closer to where I live in Kensington Market than BTC Decentral.

The thing about Bitcoin Decentral is that often someone there will sell you coins directly phone-to-phone anonymously. I've never had to pay more than 5% over Stamp or Virtex.

Tonight I'll be lucky to make it as far as Grossman's where bartender Rob will accept bitcoins for beer. At least it's in my neighborhood and has live music.

[mogrith]

omg i missed this soo much

we should do this ever sunday

I LOVE YOU GUYS


who need a beer?

post your BTC address

Soo thirsty..

I buy buy beer here with bitcoin
http://thecopperdoorbar.com
1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp

[Nightowlace]

I'm just going to leave this here;
$666 by Monday June 2, 2014

I love it when I'm right!

[smiley123]

Anybody get a circle.com invite yet? 

From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago. 

However, I have received No invite from them, so far.

I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.

I'm wondering the same thing.  I'm just guessing, but the thought occurred to me that they might be waiting for some regulation that might be coming soon before sending out the invites.

[ChartBuddy]

Explanation

[aminorex]

Last 2 weekly MACD crosses produced this:

I say 7x this time.

7x from what price point do we measure? 

From seleme's box, bottom left: 648