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

[Its About Sharing]

I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'.  I have come up with bubkis as it seems so arbitrary.  I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF

Well, a lot of us saw a bounce there (key tech support and also was very oversold) but then some HUGE buyers came in and decided to take it higher. Still not a whole lot of bids piling up so I don't think they want to dump yet...

[1714945059]

1714945059

[stereotype]

I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'.  I have come up with bubkis as it seems so arbitrary.  I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF

Could be this? I don't know what to think.

 

Max has said this before in April. But this was out around the same time as Max's tweet above, which takes some important hurdles of doubt away......

http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/

[wachtwoord]

I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'.  I have come up with bubkis as it seems so arbitrary.  I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF

Could be this? I don't know what to think.

 

Price stability (long term) is impossible without a 1000 fold price increase or a reduction to zero.

[Pompobit]

it's just me or the canldes on clarkmoody are often the wrong color?

[samson]

it's just me or the canldes on clarkmoody are often the wrong color?

The Clark Moody site sucks lately.

[Spaceman_Spiff]

Price stability (long term) is impossible without a 1000 fold price increase or a reduction to zero.

Indeed, this is BS.

[ChartBuddy]

[Loozik]

Highly recommend Croatia - Split is amazing and the sailing culture there is a part of every-day life, not some wizzed up nonsense for people who don't know a forestay from a jib-sheet.  Great pizzas too.

If you're going to Croatia then go to the real gem - Dubrovnik. Not only because I was born there

What hotels do you recommend?- please links if possible. I intended to go to Cuba in September but there seems to be cholera outbreak there, which scared me. I am looking for alternatives.

[Loozik]

Some kind of triangle happening MAYBE.

[ChartBuddy]

[Abandon]

Some kind of triangle happening MAYBE.

I seriously doubt it would break 100 again just to fall down again.

[bitcryptonit]

Some kind of triangle happening MAYBE.

I seriously doubt it would break 100 again just to fall down again.

i doubt we will ever be in double digits again. Why? Because i want to sell now. And i am always making wrong decisions ...

[Loozik]

Some kind of triangle happening MAYBE.

I seriously doubt it would break 100 again just to fall down again.

If (this is conditional) Mrs Market does as per my picture, then experienced traders already know how many orgasms Mrs Market will experience during this bullish wave (where to put their TPs).

[Cablez]

I am still trying to figure out what the heck happened on July 5-6 that would cause this so called 'trend reversal'.  I have come up with bubkis as it seems so arbitrary.  I would have expected it to touch closer to 50s first and then slowly increase, not a shot right to 100. WTF man WTF

Well, a lot of us saw a bounce there (key tech support and also was very oversold) but then some HUGE buyers came in and decided to take it higher. Still not a whole lot of bids piling up so I don't think they want to dump yet...

I get the bounce of of the 60s level, that made sense aka 'cheap coins'.  The stiff rise afterwards is the confusing part. Traders on cialis? 

Anyway now that it appears we are consolidating a bit what is the consensus on where we go from here?  Not trading just learning.

[Loozik]

I still havent seen the massive buying at bottom..  

The massiveness of volume is not very important at this type of trend reversals.

It is the shape of volume histogram (+ some other conditions that must be met) that informs you the trend reversal is happening, and that your TRADE NOW signal is valid.

[dexX7]

I noticed they are doing exactly the opposite people here think. Nobody was expecting that rise in the price last week. Now everybody expecting a dump but it wont happen. When you start to feel comfortably and buy back at $140 then they will dump.

No offence, but ...

[Dalib]

Some kind of triangle happening MAYBE.

I seriously doubt it would break 100 again just to fall down again.

If (this is conditional) Mrs Market does as per my picture, then experienced traders already know how many orgasms Mrs Market will experience during this bullish wave (where to put their TPs).

I think that Bitcoin isn't  lady mature multiple orgasm, but the man who showed a great performance after the excitement last week.
But now he is somehow drained and wilted.
Perhaps he needs a break and more excitement before the next performance.  

[Loozik]

Perhaps he needs a break and more excitement before the next performance.  

Yes. Good idea. I need a break 

See you.

[superduh]

I sense the up your ass formation using the outta my ass TA method

[ChartBuddy]