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

[garrytaylor1]

The next big crash is coming.

[1714672829]

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[1714672829]

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[goldsun]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

[natewelt]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

https://bitcointalk.org/index.php?topic=1239035.0


I am leaning towards the blue, but if we breakout above 400 then we might see another substantial run.

[ynef]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

The support is holding us above levels last seen in Dec 2014. We've never been so high before in the entire year of 2015 and we have tested the support and are now slowly making higher highs.

The downward movement a couple of days ago was due to climbing too high too fast and people were panicking because everyone kept saying we will reach the moon, but we didn't so people got scared and sold the shit out of it, but we are now gradually moving higher and coming out of this correction.

Although you can argue that we are currently correcting a huge downward trend on a yearly scale, I really doubt this is the case because there have been just too many positive news coming out regarding Bitcoin. (gemini, nyse, constant news about the rally, the halving etc.)

I personally see no way to go but up and the guys who keep telling you we're through and it's the end are most likely desperate and trying to lower the price so they can get in early because they missed out or even lost a lot in the panic.

If you happen to have a decent amount of coins I wouldn't recommend selling them right now. As for opening a long position, still not sure in the short term.

[adamstgBit]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

https://bitcointalk.org/index.php?topic=1239035.0


I am leaning towards the blue, but if we breakout above 400 then we might see another substantial run.

that would put in a spectacular double top.

I think we'll be trading in the 300's for a long time, and seeing how we are at 390 there a lot of room to go down at this point.

[natewelt]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

The support is holding us above levels last seen in Dec 2014. We've never been so high before in the entire year of 2015 and we have tested the support and are now slowly making higher highs.

The downward movement a couple of days ago was due to climbing too high too fast and people were panicking because everyone kept saying we will reach the moon, but we didn't so people got scared and sold the shit out of it, but we are now gradually moving higher and coming out of this correction.

Although you can argue that we are currently correcting a huge downward trend on a yearly scale, I really doubt this is the case because there have been just too many positive news coming out regarding Bitcoin. (gemini, nyse, constant news about the rally, the halving etc.)

I personally see no way to go but up and the guys who keep telling you we're through and it's the end are most likely desperate and trying to lower the price so they can get in early because they missed out or even lost a lot in the panic.

If you happen to have a decent amount of coins I wouldn't recommend selling them right now. As for opening a long position, still not sure in the short term.

+1

Great post

[rpietila]

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

[peonminer]

Watching bitcoin price be like

[Hyperjacked]

That is the stated Blocksrteam/small-blockian view: bitcoin should be used only for large-value settlements between institutions, like the Lightning network hubs -- not for ordinary e-purchases by ordinary citizens.

Still: why the Blocksrteam/small-blockian view states that Bitcoin should only be used by [large]-value things?

Well, you should ask them.  They seem to believe that it would make bitcoin more attarctive or valuable.  I myself don't see why.

What I can see is that Blockstream will profit (or thinks that it will profit) if e-commerce uses of bitcoin get pushed to off-chain solutions, like the Lightning network; because their business plan seems to be to provide software tools for such off-chain services (like the Liquid inter-exchange settlement tool that they just announced).

Perhaps the e-commerce traffic that will not fit in the Bitcoin blockchain will be picked up by Viacoin, the altcoin created by Core developer BTCDrak, which has hired Peter Todd as CTO.

I was just chatting with otoh on cryptsy...the biggest viacoin holder! he is hoping someone will do,something with it but doesn't sound like he thinks it's gonna happen anytime soon...

I thought you had no skin in da game?  

[ChartBuddy]

Coin

Explanation

[noobtrader]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

because he want to sell at 580... 

[TReano]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

MACD is nothing else then a lagging indicator... It's the same as looking at the chart and say "Oh wow it goes up!" ... It's just visualized for the blind trader...

[fonsie]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

because he want to sell at 580... 

Castle needs new wiring and plumbing

[Tmdz]

Weekend pump in one hour, men get your finger on that sell button!

[natewelt]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

MACD is nothing else then a lagging indicator... It's the same as looking at the chart and say "Oh wow it goes up!" ... It's just visualized for the blind trader...

It's a momentum and trend indicator which should mean a lot for Bitcoin traders. After all, Bitcoin is a momentum trade whether it be down or up.

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

[bButtercup]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

because he want to sell at 580... 

Castle needs new wiring and plumbing

A less armpitty location also wouldn't hurt

[BldSwtTrs]

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Have you turned bearish long term?

[natewelt]

4h EMA on OKcoin going to cross with next candle... some bots will probably turn into buy mode.

Once we get to 600 and then see the first weekly red candle, then the mini-rally is over. If you were in the business of speculation or wanted to lighten up, the good time to sell is the dcb after that. So wait for the bubble, and the pop, and the next bounce. Then sell.

Few words more about that? Why 600$?

10 day EMA is looking quite supportive as well.


windows 7 screen shot

[cbeast]

This part coming up is fun on a rollercoaster. Not much fun for bag holders.

[ssmc2]

This part coming up is fun on a rollercoaster. Not much fun for bag holders.

You mean fiat holders?