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

[Chef Ramsay]

Oh look over 370 again

Time to open your shorts

Short theze nuts if you dare.

[1714666910]

1714666910

[1714666910]

1714666910

[1714666910]

1714666910

[Hyperjacked]

Guys, is it time to sell yet? Should I wait for the price to drop another $20?
I'm young and new and in need of guidance from seasoned gentleman-traders like you.

Blythe Masters...? is that you babe?

What do you think of the TA?  

Disclaimer: It's almost 2 am in the big apple...

cheers

[Hyperjacked]

Oh look over 370 again

Time to open your shorts

Short theze nuts if you dare.

Can you sing chef...?

"chestnuts roasting on an open fire...Jack...."?

[ChartBuddy]

Coin

Explanation

[Hyperjacked]

Bears need to consider covering.

Too late, another trend reversal; 5 out of 7 1min candles green, major resistance @370 ...what was the phrase? "conclusively breached"? "decisively breached"? "Emphatically breached," that's it.
Anyhow, might as well ride it out

Well I did say we might see some newbie Anon hero accounts opening as Wall Street gets hip to the groovy tips at bitcointalk...

welcome

Disclaimer:Chef might be singing "Route 66" anytime now

[inca]

Longs down another half mil.

Great setup for a rally. Retail start shorting again..

[Hyperjacked]

Oh look over 370 again

Time to open your shorts

Short theze nuts if you dare.

Sorry for ribbing you about your singing...

you never apologized for your analysis of the BitChick conversation months ago...

anyway it's all in good fun bro!

Disclaimer: chef might be singing some Robert Thomas next "2am" in NYC

[elyas772]

LTC down and bitcoin down ?

[Hyperjacked]

LTC down and bitcoin down ?

Maybe keep and eye on the btc/ltc ratio...I made a killing on that in da day!

[ChartBuddy]

Coin

Explanation

[JayJuanGee]

New 5 day low

I have no problem with the concept that there is going to be a one more attempt at $350 and even an attempt to go below $350; however, I have some difficulties envisioning the price going below that point - without potentially causing the price to become stagnant in the $300s for some time.

Surely, anything is possible in Bitcoinlandia, but it seems that bitcoin prices are on their way up rather than down, and if anyone is holding out for prices below, $355, then there is likely going to be some luck in that, seeming less probable under the current conditions. 

That is my sense of things; however,

Caveat... never say never in bitcoinlandia.

360 is like the initial support once the run up is corrected, initial support never holds...

and it doesn't seem to even be a technically important level, people are buying 360 because it FEELS cheep after seeing 500. 500 was BS, 500 was hit to make 360 look cheap, it's going lower...

For people holding BTC, we do need to prepare for price swings in either direction, and surely it is beginning to seem possible that we are going to be experiencing another test of the $360 resistance level. 

Nonetheless, I do stick by my earlier assertion, though - even though I am fearful that $360 remains in fairly close striking distance of the current price - and really we are not yet seeing any considerable volume level to create a greater buffer away from the $360 striking zone.

Certainly, price could move in either direction, and as a continuing BTC holder, my portfolio would be very happy to experience further upward price movements.

Auctioned bitcoins will be received by later today, and it is possible that the winner could chose to make himself (itself) public starting later today.

[8up]

The faster bulls give up the better.

$300/320 is the target - after that we'' see an oscillating price up to $450 till jan/feb. - it'll feel more or less like sideways.

[JayJuanGee]

The faster bulls give up the better.

$300/320 is the target - after that we'' see an oscillating price up to $450 till jan/feb. - it'll feel more or less like sideways.

It's a process 8up. 

Neither side will just give up, and surely there are also some rogue elements within pushes for either price direction.

Also, your personal target does not signify that it is going to materialize, people have various opinions, and since investment involves people, technical analysis is not always going to capture with certainty when exactly price directions are going to change or if such change in direction is for sure.

[ChartBuddy]

Coin

Explanation

[AmazonStuff]

The faster bulls give up the better.

$300/320 is the target - after that we'' see an oscillating price up to $450 till jan/feb. - it'll feel more or less like sideways.

It's a process 8up.  

Neither side will just give up, and surely there are also some rogue elements within pushes for either price direction.

Also, your personal target does not signify that it is going to materialize, people have various opinions, and since investment involves people, technical analysis is not always going to capture with certainty when exactly price directions are going to change or if such change in direction is for sure.

Sure, I can agree with your statement, market is a living tissue, any news can change the sentiment, a lot of people think different and at the end it, all of this determines the direction where the market is heading.

On the other side, I can say that IF fundamentals don't change, no significant news or breakthroughs, I can agree with the first target +/- something, at least from the TA side. Also, I can't agree with the second target in the given time frame.

[JayJuanGee]

The faster bulls give up the better.

$300/320 is the target - after that we'' see an oscillating price up to $450 till jan/feb. - it'll feel more or less like sideways.

It's a process 8up.  

Neither side will just give up, and surely there are also some rogue elements within pushes for either price direction.

Also, your personal target does not signify that it is going to materialize, people have various opinions, and since investment involves people, technical analysis is not always going to capture with certainty when exactly price directions are going to change or if such change in direction is for sure.

Sure, I can agree with your statement, market is a living tissue, any news can change the sentiment, a lot of people think different and at the end it, all of this determines the direction where the market is heading.

On the other side, I can say that IF fundamentals don't change, no significant news or breakthroughs, I can agree with the first target +/- something, at least from the TA side. Also, I can't agree with the second target in the given time frame.

Yes, but none of this is all or nothing, and accordingly, each of us who is attempting to trade, is going to place some bets based on probabilities, and if the news (or apparent direction) changes we are going to tweak our bets in order to better reflect our sense of probabilities.  At this point I really only have a beef with the calling of a $300 to $320 downside in the coming weeks.

Therefore, if we were to bet in $10 increments, then personally, I would place a pretty low probability to anything below $330. 

Currently prices are floating around $370.  Therefore, approximately,  I would place my bets as follows regarding the upcoming weeks.

Below $300 < 3%
Below $310 < 5%
Below $320 < 10%
Below $330 < 15%
Below $340 < 25%
Below $350 < 30%
Below $360 about 50%
Below $365 > 90%

Above $375 > 98%
Above $380 >85%
Above $390 >75%
Above $400 >50%
Above $410 about 50%
Above $420 about 50%
Above $430 about 40%
Above $440 about 40%
Above $450 about 30%

In essence, you see that I consider much more upside potential and probabilities, maybe I am just optimistic or maybe I just get the sense that once the price starts going in the upward direction, then there is more potential for it to snowball, as compared with the downward direction... but what do I know?  I'm just one random wall observer.

[ChartBuddy]

Coin

Explanation

[Fatman3001]

BAAAAAAAHHH!!!!!

To all of those who's followed this thread for the last year:


$374!!!!! WOOOOOHOOOOO!!!!!!!

[inget]

BAAAAAAAHHH!!!!!

To all of those who's followed this thread for the last year:


$374!!!!! WOOOOOHOOOOO!!!!!!!

Is it good thing or bad? I remember price was 600$ last year, 1200$ 2 years ago. Now we are excited to see 374$.

[ChartBuddy]

Coin

Explanation