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

[mccorvic]

Well, the dumpers will run out of steam if the price doesn't go below 120 before Saturday is through.  Once the dumpers have dumped their last dump, the price will go up to around 150ish or so easy.

Don't you know what some dumps create more dumpers? And when this new dumpers dump and create even more dumpers. And...

Yes, but that's why I said "if the price doesn't go below 120..."

If the dumpers fail people stop jumping on the bandwagon.  Well, at least until the next round.

[Jaroslaw]

Popcorn ready and...

[ScrapOfCat]

[mccorvic]

Popcorn ready and...

This is a strangely hypnotic gif

[Jaques]

Popcorn ready and...

"stolen" from lucif ...  

edit: https://bitcointalk.org/index.php?topic=131065.msg1953346#msg1953346

[DougTanner]

Fairly uneventful day, bids slowly rising, so are asks.

[Jaques]

for the bigger picture ...


a weekly chart;

http://bitcoincharts.com/charts/mtgoxUSD#rg180zigWeeklyztgSza1gSMAzm1g10za2gSMAzm2g100zi1gAccDistzi3gMomentumzvzcvzl

doesn't look that bad at all
allthough momentum and price are somewhat lower than before 10./11. of april
accumulation seems to be still at the rise ...

... whatever that may tell us


edit:

[420]

Popcorn ready and...

whats that from? (Degrassi?)

[Piper67]

Popcorn ready and...

whats that from? (Degrassi?)

My guess is Lost Girl

[ManBearPig]

I think a weekly chart lumps a lot of different movements together during a time when the whole thing changes every days or three.

On the short-term, I like chopsticks and am bored so I drew some on the 3 hour chart:



What will we scoop from the bowl, beef or bear steak?

[adamstgBit]

I think a weekly chart lumps a lot of different movements together during a time when the whole thing changes every days or three.

On the short-term, I like chopsticks and am bored so I drew some on the 3 hour chart:



What will we scoop from the bowl, beef or bear steak?

this trend will continue till we hit 120 ( in ~30hours? )
120 is going to be spectacular
120$ / BTC
... can't wait

[NamelessOne]

I think a weekly chart lumps a lot of different movements together during a time when the whole thing changes every days or three.

On the short-term, I like chopsticks and am bored so I drew some on the 3 hour chart:



What will we scoop from the bowl, beef or bear steak?

I'd say three hours a little too short term. What really appears to be happening is a triangle if you look at the 24hour chart.

[BTCThousandaire]

I sold some at 95 thinking it would drop lower but it didn't. Now I just want it to go to 120 so I can buy in with those again.

[adamstgBit]

as you can see the previous support at 140 is now resistance
when the new triangle breaks downward will 120 support become resistance?

idk but i have a feeling will find out soon.

i'm buying at 120 120.001

[DougTanner]

I think a weekly chart lumps a lot of different movements together during a time when the whole thing changes every days or three.

On the short-term, I like chopsticks and am bored so I drew some on the 3 hour chart:



What will we scoop from the bowl, beef or bear steak?

I can draw too! Are Friday afternoons ever interesting? If anything is going to happen today I would guess it will in the next hour.



Break upwards!

[AJS_]

Bots R Us. There are so many tiny transactions going through right now.

[crazy_rabbit]

If we could just stay here for a solid week I would be happy. The rollercoaster is making me sick.

that said, anyone else see the nonstop .02 bids?

[ronaldlee0917]

I think two bots are fighting

[Miz4r]

Support at 120 is now bigger for the first time than the total ask sum at 160. Looking good for the short term bulls so far.

[DougTanner]

BOOM