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

[Rampion]

Tipping point approaching, up or down? I'm betting down, I say $100 will be revisited and possibly broken before breaking $120 on the upside. I give it 70/30 odds.

[4mherewego]

EDIT: 109$ on Gox, 105$ on Bitstamp

I thought about this for a moment. Can we assume that europeans are not buying as much as the rest of the world at the moment? Maybe even selling? Maybe we have a lot mot bitcoins moving to Asia, US or some other area and less is moving to Europe?

[ChartBuddy]

[ft73]

Tipping point approaching, up or down? I'm betting down, I say $100 will be revisited and possibly broken before breaking $120 on the upside. I give it 70/30 odds.

Almost unpredictable.
I would expect an acceleration up to test 110$ and eventually pierce it again.
Fact is that without backing volumes price may eventually bounce back to 106$ quickly.

However i'm selling on 110$ almost 50% of assets, to buy back on 104-105$ or over 112$.
110$-112$ area is just too risky in my opinion, better to stay almost flat.

EDIT: first sell order executed (bought @104,4$ yesterday evening, sold @110$)

[ShroomsKit]

Tipping point approaching, up or down? I'm betting down, I say $100 will be revisited and possibly broken before breaking $120 on the upside. I give it 70/30 odds.

And then to 50 right?

[ft73]

Tipping point approaching, up or down? I'm betting down, I say $100 will be revisited and possibly broken before breaking $120 on the upside. I give it 70/30 odds.

And then to 50 right?

Yes, but it can take a few minutes.
For zero you'll probably have to wait for tomorrow 

[Rampion]

And then to 50 right?

As I said I believe $50 is going to be the very bottom - and we already touched it the 6th of April. I'd expect revisiting that point during the summer, but nevertheless I acknowledge that every day that passes without breaking $79, this prediction goes further away. Just keep in mind that this game is played mid to long term, and everybody in here is looking at the very short term. I make my investment/trading decisions mid term, most of the times I don't even trade more than once every two weeks. There are times (like two weeks ago) were I feel playful and I do some daytrading, but I treat it much like gamble - as soon as I'm ahead, I quit, and I go back to investing with the vast majority of my position, while I trade only with play money.

[ft73]

Selling complete @110$.
Now i'll stay at the window, waiting either for a long red or green candle 

[ft73]

As I said I believe $50 is going to be the very bottom - and we already touched it the 6th of April. I'd expect revisiting that point during the summer, but nevertheless I acknowledge that every day that passes without breaking $79, this prediction goes further away. Just keep in mind that this game is played mid to long term, and everybody in here is looking at the very short term. I make my investment/trading decisions mid term, most of the times I don't even trade more than once every two weeks. There are times (like two weeks ago) were I feel playful and I do some daytrading, but I treat it much like gamble - as soon as I'm ahead, I quit, and I go back to investing with the vast majority of my position, while I trade only with play money.

I respect your opinion.
Personally i'd rate the chance to see 50$ again as a 50% / 50%. I'd rate 266$, or tossing a coin the same.
I mean it can happen, but in my opinion simply there's not enough evidence now to prefer such a scenario to other ones, even on long term.
Especially since going once to 50$ does not exclude going once to 266$ for instance, before or after that.

EDIT: wonder why we're not spiking to 112$ ...

[Miz4r]

Well so far all TA shown in this thread saying we're going down to 100 has turned out to be completely wrong. Guess it's not that reliable after all. Prepare for a spike to $115 when America wakes up.

[ChartBuddy]

[prof7bit]

Well so far all TA shown in this thread saying we're going down to 100 has turned out to be completely wrong.

There also has been TA that indicates a drop to $32 and that will turn out to be true.

[ChartBuddy]

[Double-Spent]

[ChartBuddy]

[ChartBuddy]

[Rampion]

A different kind of chart that is getting interesting:

[ChartBuddy]

[rezurect]

A different kind of chart that is getting interesting:

http://www.blockchained.com/chart_large_log.png

I have no idea how to relate stuff on that chart. My attempt:

Long term: Diff up, Price up.
Short term: Price-Diff crossover imminent.
Mining profits are low compared to past performance.

[ChartBuddy]