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

[ChartBuddy]

Coin
Explanation

[1714310775]

1714310775

[inca]

NLC believing his own rubbish and caught short! Lol

[YourMother]

[bad trader]

NLC believing his own rubbish and caught short! Lol

If this keeps going up, he might lose his 2 BTC for real!

Thanks for that 1000 BTC long position that you opened for me which resulted in a 8000$ loss. Have fun with my 2BTC that i originally deposited,  maybe 1 day they will become 8000$ and pay the rest of my "debt" at your gambling institution.

Thanks

One happy customer

[Tzupy]

Is it possible to tell who has been pulling these two rallies?

Could it be people buying bitcoins somewhere else to move them to ITBit?

Or a reaction to the GBTC recovery?  (BTW, what happened to that 50'000 share bid?)

Dear prof, IIRC some time ago you discovered the fractal nature of bitcoin price.
I suggest to take a look at the action of the 30th July 2014. The difference is that there was no drop and fast recovery like now before the pump.
Expect high volume and turbulence the next days, possibly up to ~260$, and permabulls raving over the action.

[Feri22]

This is it gentlemen.
Don't look back, we go forward together.
Buy my friends, buy.



Let's reach an ATH together.

¨

You do know they all died by painfull death, do you?  

[Feri22]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

[gentlemand]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

For me at least it would be getting firmly over 320 and lingering. Anything below that would possibly be another rinse and repeat.

[Feri22]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

For me at least it would be getting firmly over 320 and lingering. Anything below that would possibly be another rinse and repeat.

Ok, can you please elaborate some reasons for 320? I would like to hear your theory...

[JorgeStolfi]

India not friendly to Bitcoin:

http://www.reddit.com/r/Bitcoin/comments/35are5/btcxindia_closing/

Is it possible that a computer science professor that purports to have only an academic interest in a disruptive new technology would spend most of his time obsessing over market moves?

IIRC, during World War II someone proposed to use trained pigeons to steer bombs or rockets towards their targets.  The pigeon would see the target through some optical device, and would be trained to poke at the steering controls so as to keep the target on the crosshairs. (I do not remember whether this was actually used, or just proposed.)

I have an academic interest in bitcoin, but the part of the protocol that runs on computers is boring. To me, the interesting part is the one that uses humans, like the trained pigeons above, to keep the computers running the right software -- motivated by the occasional (bit)corn.

Yesterday, for example I was discussing on reddit the ticketing policy of the Satoshi Bus Lines.  They have no set ticket prices or reservations.  You just buy a ticket with the amout of money that you feel should be enough, and go wait on the platform.  When a bus pulls up, the driver looks at the values printed on the tickets and decides which passengers he will take.  He is not required to fill all seats, and may even drive off with the bus empty, no matter how many passengers are waiting.  If you are not selected, you can just wait for the next bus, or go back to the ticket machine and top up the value to an amount that you hope may be enough to make you attractive for the next driver.  If the next driver would have let you ride for much less, "sorry for your loss".

I was told that this system is good because it is free market in action.

[LFC_Bitcoin]

I feel like I've made it on bitcointalk.
I have my very own, personal troll.
This must be how the legends feel.

[bad trader]

Ok, can you please elaborate some reasons for 320? I would like to hear your theory...

The big downtrend line is at about $300 on Bitfinex.

[Norway]

[Elwar]

I was told that this system is good because it is free market in action.

As nobody was forcing them one way or another, technically it was the free market.

Voluntary trade may be a foreign concept to most people of the world. But some people actually prefer it.

[inca]

Don't quote please LFC!!

The falling exponential trend line is in the 290's now..if we take 300 in the coming weeks then we break out IMO.

[billyjoeallen]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

Not confirmed yet. Moving averages are all green out to the three day. We have to wait for the weekly moving average to go positive before it's confirmed.  That could take a month if it happens at all. I'm long but not excessively so. Look for a possible entry point this weekend if you missed the first couple stops on the train. A  nine to twelve dollar pullback ought to do.

[gentlemand]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

For me at least it would be getting firmly over 320 and lingering. Anything below that would possibly be another rinse and repeat.

Ok, can you please elaborate some reasons for 320? I would like to hear your theory...

I ain't got one. I'm just rather fond of that number.

[bitebits]

Bunch of quoted troll gifs

I feel like I've made it on bitcointalk.
I have my very own, personal troll.
This must be how the legends feel.

Congrats. But you know you broke rule number one regarding trolls and quoting?

It seems like a swarm of trolls is instructed to head to the Wall Observer tread, as soon as the price moves a few dollars up or down, including Trollfi.
Wonder if something like a troll farm exists.

[hdbuck]

if this little (volume) tour doesnt end above 300, things will get boring again. and then, well.. there is no small profits.

[bassclef]

What has to happen to be sure that we have a confirmed reversal? Break 260? 270? 280? 290? 300?

For me at least it would be getting firmly over 320 and lingering. Anything below that would possibly be another rinse and repeat.

Ok, can you please elaborate some reasons for 320? I would like to hear your theory...

~$200-$300 is the market's trading range since January. $300-$400 was the previous trading range toward the end of 2014. It takes lots of volume (up or down) to break out of a range, or else the price will continue to bounce around within it.

Once the price begins moving back above $300 and tests it as support, $320 will be easily achieved. Traders need to see this action to have the confidence to place a low-risk long position. Otherwise the long would be high-risk (a big no-no). A firm break above into a new trading range will be a sign that the long-term bottom is in and everyone who wanted to sell, sold, and that the big-moneyed interests have filled their bags. It is an important psychological milestone more than anything else, but it gives investors confidence that the market will begin turning bull and $500-$800 is within reach.