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

[aminorex]

we are working on the handle of a cup which dates back to early march.  be patient.  it takes a little time.  i am beginning to think that 700 will be no resistance at all.

I present the Matroska Cup & Handle pattern:

[1714901310]

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[oda.krell]

we are working on the handle of a cup which dates back to early march.  be patient.  it takes a little time.  i am beginning to think that 700 will be no resistance at all.

I present the Matroska Cup & Handle pattern:

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

[scarsbergholden]

Still looking bullish IMO. I think some may be getting bearish because of the sideways...but we're sitting on strong MA and fib support. And looking at a bull flag.

[flynn]

One way or another, any minute now =>

[Torque]

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

As much as I'd like to see a rally in 2014, I'm secretly hoping for one in early 2015 instead.  Reason being, a) I plan to sell some and for tax purposes would like that to happen after Jan 1st 2015 so I don't have to report any gains until 2016, and b) because I think the rally will go much higher the longer it holds off.

[Krabby]

One way or another, any minute now =>

Thank you based monkey man.

[FUD!]

I still have some Ammo left! Don´t you ever feel safe! We´ll hear from each other very soon!

[scarsbergholden]

One way or another, any minute now =>

Doesn't look like a proper triangle to me. And once it's to the end it is very unreliable. Any "breakout" could just be continued sideways at this point.

[JimboToronto]

I still have some Ammo left! Don´t you ever feel safe! We´ll hear from each other very soon!

Well, what do we have here?

First post ever. Looks like you came to troll.

This is a one-time feeding to make you feel welcome to the forum.

Perhaps you'll catch some LOLs but more likely just a bunch of ignores.

 

[aminorex]

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

As much as I'd like to see a rally in 2014, I'm secretly hoping for one in early 2015 instead.  Reason being, a) I plan to sell some and for tax purposes would like that to happen after Jan 1st 2015 so I don't have to report any gains until 2016, and b) because I think the rally will go much higher the longer it holds off.

If you are a U.S. resident, you could move coins into a Roth vehicle, up to about 50k USD in value per year.  Then you could actually hold them offshore, and have no tax reporting obligations, no FATCA or FBAR reporting, and no tax liability regardless of reporting.  Note that I am not a tax attorney and this is not legal advice.

It bears repeating that if we do not make an ATH before an ETP gets listed, the next hype cycle may be a 50x-100x supercycle.

[ChartBuddy]

Explanation

[BBmodBB]

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

As much as I'd like to see a rally in 2014, I'm secretly hoping for one in early 2015 instead.  Reason being, a) I plan to sell some and for tax purposes would like that to happen after Jan 1st 2015 so I don't have to report any gains until 2016, and b) because I think the rally will go much higher the longer it holds off.

If you are a U.S. resident, you could move coins into a Roth vehicle, up to about 50k USD in value per year.  Then you could actually hold them offshore, and have no tax reporting obligations, no FATCA or FBAR reporting, and no tax liability regardless of reporting.  Note that I am not a tax attorney and this is not legal advice.

It bears repeating that if we do not make an ATH before an ETP gets listed, the next hype cycle may be a 50x-100x supercycle.

generate paper wallet and hide under mattress?? lol =O

[bitcoinsrus]

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

As much as I'd like to see a rally in 2014, I'm secretly hoping for one in early 2015 instead.  Reason being, a) I plan to sell some and for tax purposes would like that to happen after Jan 1st 2015 so I don't have to report any gains until 2016, and b) because I think the rally will go much higher the longer it holds off.

If you are a U.S. resident, you could move coins into a Roth vehicle, up to about 50k USD in value per year.  Then you could actually hold them offshore, and have no tax reporting obligations, no FATCA or FBAR reporting, and no tax liability regardless of reporting.  Note that I am not a tax attorney and this is not legal advice.

It bears repeating that if we do not make an ATH before an ETP gets listed, the next hype cycle may be a 50x-100x supercycle.

generate paper wallet and hide under mattress?? lol =O

you wouldnt need one

[BBmodBB]

Which would place touching the previous ATH into late Q3/early Q4 2014, and actually making a new one into 2015.

I'm okay with that, matches my own (fuzzy, LT) ideas pretty well, but this is probably a hard sell  to the salivating bulls that want to break $1000 in 2 weeks from now.

As much as I'd like to see a rally in 2014, I'm secretly hoping for one in early 2015 instead.  Reason being, a) I plan to sell some and for tax purposes would like that to happen after Jan 1st 2015 so I don't have to report any gains until 2016, and b) because I think the rally will go much higher the longer it holds off.

If you are a U.S. resident, you could move coins into a Roth vehicle, up to about 50k USD in value per year.  Then you could actually hold them offshore, and have no tax reporting obligations, no FATCA or FBAR reporting, and no tax liability regardless of reporting.  Note that I am not a tax attorney and this is not legal advice.

It bears repeating that if we do not make an ATH before an ETP gets listed, the next hype cycle may be a 50x-100x supercycle.

generate paper wallet and hide under mattress?? lol =O

you wouldnt need one

~true i think there has been a bear sleeping in my bed!!! lol   

[Parazyd]

One way or another, any minute now =>

Doesn't look like a proper triangle to me. And once it's to the end it is very unreliable. Any "breakout" could just be continued sideways at this point.

Agreed completely. We'll be seeing a lot more sideways movement.

[boumalo]

One way or another, any minute now =>

Doesn't look like a proper triangle to me. And once it's to the end it is very unreliable. Any "breakout" could just be continued sideways at this point.

A breakout could continued sideways but is it more likely?

597$ steady on Bitstamp; if we get to 620$ tonight we may see a lot of shorts buying back

[aminorex]

monkey is getting frisky and wants me to go long btc now, for the rest of the week at least.  but he lacks conviction.  i'm going to ignore him.  cold btc stay cold and hot money goes into xmr/bbr trading on the margins, for my part.

monkey sees support at 567, horizontal trend at 597 (duh) resistance at 652.

monkey says good time to buy long bonds in u.s. for sale next week.  monkey remains a stubborn contrarian on u.s. bonds.  i hope he's right but i'm reducing my bets.

monkey says sell gold & silver now, buy back next week or so at a better price.  i sold calls today to hedge.

monkey is talking out of both sides of his mouth about u.s equities, so i'm going neutral, hedging my shorts with an expectation of removing hedges roughly friday or monday next.

monkey says to short oil today for a 2% gain in a week or so.  i may just do it.  not sure yet.

monkey says usdjpy is getting fussy, so close the short while it is still in the black.  done.


When monkey gets indecisive like this, I recall the lines of W.B. Yeats:

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.

[spooderman]

Were balancing around 600 for days now. I feel safe to post this.

Lol excellent. Funny pictures and tongue in cheek TA are the only reasons I come to this thread. I like to see this stuff, the pages and pages of pyramids made by mmitech and jayonejee gets pretty boring

[ChartBuddy]

Explanation

[podyx]

http://moneymorning.com/2014/06/16/venture-capitalists-are-investing-in-bitcoin-at-the-fastest-pace-to-date/#.U5_NKz5gkGg.twitter

Follow the sharp money my friends