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

[blackreplica]

I haven't seen that many bubbles but I don't recall ever seeing one where the bottom was immediately followed by a massive unstoppable bull run?

Am I crazy? Too cautious?

Quoting my post from the last page. Be careful out there guys

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[Its About Sharing]

[1]The problem, as stated before, with TA and BTC is that it is a small market and easily affected/manipulated by a few cats with lots of money.

A learning lesson for all of us, is to be careful how much we let the posts here affect us all. We (including me) have no one to blame but ourselves. Don't direct emotional upset outwards, it all comes back to you.
[2]I even have a paid service and a part of the reason I didn't get back in at 68 was because of them "yelling" 50 is close. I just won't renew... You can "do" the same...

1. Then it was obvious TA shouldn't have been given as heavy of a consideration as many gave it.
2. try cypherdoc instead his perspective which is different than waveaddicts might be what we all need here (long term vision!!!). I swear the average forum user here has the attention span of a gnat

Regarding TA, actually it is the opposite. I called the 4 bounces coming down and just didn't enter as I was worried about a big seller coming. Had I just went with the TA and been conservative, I would
have raised my fiat by 50%. If I had been aggressive and just followed the charts I would have easily doubled my position, really. Ouch.

And today I was told to watch out for a break above 92 102, I did watch, it broke and I bought. Sold back out for a small loss.  
So is it but eventually I'll be back in and mostly for good.  

[vokain]

[1]The problem, as stated before, with TA and BTC is that it is a small market and easily affected/manipulated by a few cats with lots of money.

A learning lesson for all of us, is to be careful how much we let the posts here affect us all. We (including me) have no one to blame but ourselves. Don't direct emotional upset outwards, it all comes back to you.
[2]I even have a paid service and a part of the reason I didn't get back in at 68 was because of them "yelling" 50 is close. I just won't renew... You can "do" the same...

1. Then it was obvious TA shouldn't have been given as heavy of a consideration as many gave it.
2. try cypherdoc instead his perspective which is different than waveaddicts might be what we all need here (long term vision!!!). I swear the average forum user here has the attention span of a gnat

Regarding TA, actually it is the opposite. I called the 4 bounces coming down and just didn't enter as I was worried about a big seller coming. Had I just went with the TA and been conservative, I would
have raised my fiat by 50%. If I had been aggressive and just followed the charts I would have easily doubled my position, really. Ouch.

And today I was told to watch out for a break above 92, I did watch, it broke and I bought. Sold back out for a small loss. 
So is it but eventually I'll be back in and mostly for good. 

it's okay i needed some excitement in my life this long summer too )

[MickeyT2008]

Holy crap! Waking up to this !
Thank god I covered my shorts below $70. Wish I had held onto the long though ...
Oh well ... sidelined for now
Happy Bull Day people !

Thanks, it's been a long time coming

[dan99]

Today high of $104.17 is amazing .. going back to its post $100 plus level

[MikeH]

Adam, why is this picture so small?

it's not when you click on it.

bah, I accidently sold at 93 forgetting how my script worked, hope we drop a bit - temporarily :]

[dexX7]

There is a little flaw in this statement. Right now there are bids for 32k BTC down till 70, but actually it's $ 2.64M and the amount of buyable Bitcoin will be less, if the buying price is higher. Those $ 2.64M could buy up coins till 109.77 at the moment.

1k up or down doesn't matter, the point is that matters. You shouldn't think like that... 50%+ of that money on lower bids surely won't buy at those or higher prices.

I'm not sure, if I understand, what you are saying. 100 to almost 110 or to 120 is a very significant difference and depending on range and walls, this difference could be even bigger:

There is $ 5.75M down till 50 or bids for 87.65k Bitcoin. And there are roughly 90k Bitcoin till 250, but for a total amount of around $ 12M. So could you buy all coins up to 250 with the bids down to 50? Of course not, those $ 5.75M only allow you to buy coins up to around 135.

[cosmicblue]

[lucas.sev]

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

[Its About Sharing]

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price 
We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

[ChartBuddy]

[vokain]

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price 
We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

http://i42.tinypic.com/2j2ymad.png

so why down, IAS?

[Dalib]

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price  
We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.
Up or Down? I really say down, but can feel the psychological push up.

Yes, I can also see a lot of interesting that we are again just past the support line of lows and breakouts ...



It seems that if we keep above this line (around 97) go up above 120 at least, otherwise we are heading for $ 60

[cosmicblue]

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

 You are so smart .. 

[lucas.sev]

...

So big buys trigger new price levels, this is enlightening. Or did you try to convey something else?

 You are so smart .. 

That was a serious question, you posted a screenshot with no explaination, what were you trying to show?

[wonkytonky]

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price 
We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

I agree .. if big buys happen..   this could be another up run
but it's friday..   some people switch to fiat on friday..  starting a selloff ..
one thing is sure.. this fast run up will have a correction at some point..

[Its About Sharing]

Really interesting, we are (obviously) at a key spot. I didn't draw that green line, that is the price 
We are overbought I'd say, very much so after the last big "bounce". And the candle appears like it was "pushed" down to the current level.

Up or Down? I really say down, but can feel the psychological push up.

http://i42.tinypic.com/2j2ymad.png

so why down, IAS?

As I posted yesterday (and a few others have mentioned), we have made lower highs and lower lows since April 24th or so. (Very clear in the chart)
If we break out above 110 or so then that trend is reversed. Also, we are still in the downward channel - I posted that chart yesterday.

But, this all means nothing if a buyer comes in with lots of money. Ahhhh the pain...

[lucas.sev]

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall <scratch head thoughtfully>

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

[vokain]

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall <scratch head thoughtfully>

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

Why should it? Versus in 2011, we thought we were going to go down past $2 because we thought bitcoin was over, here in 2013 we passed the two year old ATH of $32, and we're staying above it at this point in time. we know full well now bitcoin is not over,  when it is in fact is making huge leaps in the background.

[Its About Sharing]

50k coins up to $110 on Gox
Go any ideas who might want to push panic buying up into that wall <scratch head thoughtfully>

Ah ... I got an idea ... the bloke that pushed us up from the $70's to here

Just a thought ...

I panic bought in, surely hope that he will do it. Although this whole rally makes me scratch my head.

But is it really a "rally" if driven by 1 or two buyers putting down $1,000,000 for each huge leg up?
Seems like we are just along for the ride, really.