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

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[ardana123]

Ok a little off topic here but i'd to know what you trolls think.

Dollar vs euro, bullish or bearish? I know the fed wants to go ahead and window on its QE, which is bullish for the dollar. The ECB seems to be backing QE for the time being. Plus the recession is still raging in the southern states, with probably plenty more problems ahead.

[ChartBuddy]

[xxjs]

Ok a little off topic here but i'd to know what you trolls think.

Dollar vs euro, bullish or bearish? I know the fed wants to go ahead and window on its QE, which is bullish for the dollar. The ECB seems to be backing QE for the time being. Plus the recession is still raging in the southern states, with probably plenty more problems ahead.

Speculation: USD will be the last fiat standing, so i expect USD to appreciate (more users and more demand per user). More debt (including bank deposits) will not do, so they will start printing the actual dollar notes. Until they get the presses going fast enough, then the usual inflation again.

[ChartBuddy]

[Richy_T]

Are we back to boring?

[JimboToronto]

Are we back to boring?

Calm before the storm?

[Kupsi]

Are we back to boring?

Calm before the storm?

It always starts at a slow pace...

[Tzupy]

IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave, with it's 5 sub-sub-waves, although the last one is about to begin,
and may be ill defined. I am certain that a correction is coming, dropping the price to the 112 - 114 range, followed by a (slow?) rebound to maybe 117 - 118.
The uber-bulls are going to interpret this as a bear trap, but I believe it will be the prelude to more drops, after a couple of days.

[Wekkel]

Are we back to boring?

Calm before the storm?

It always starts at a slow pace...

A crash or a rally?

[JimboToronto]

Are we back to boring?

Calm before the storm?

It always starts at a slow pace...

A crash or a rally?

That might depend on the owner of the 125 wall.

[thoughtfan]

IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave...

Can someone please help me with an affliction?  Whenever I read the words 'Elliot wave' my head drops forward and before I know it I am snoring with my head on the desk having to be awoken by my colleagues!  Does anyone have a cure?

[Kupsi]

Are we back to boring?

Calm before the storm?

It always starts at a slow pace...

A crash or a rally?

Rally.

[ChartBuddy]

[crazy_rabbit]

Are we back to boring?

Calm before the storm?

It always starts at a slow pace...

A crash or a rally?

That might depend on the owner of the 125 wall.

Owners. Plural. :-)

[Traktion]

IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave, with it's 5 sub-sub-waves, although the last one is about to begin,
and may be ill defined. I am certain that a correction is coming, dropping the price to the 112 - 114 range, followed by a (slow?) rebound to maybe 117 - 118.
The uber-bulls are going to interpret this as a bear trap, but I believe it will be the prelude to more drops, after a couple of days.

We can see declining volume on MtGox over the last 4 days, with the pattern following an ascending triangle (up towards 125). I would say that is more bullish than bearish, tbh.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c

That said, it has been a steep climb, especially on Bitstamp and maybe we are in for a breather. I'd like to make a trade or two over the next few days, but holding still seems to be the most obvious plan for me atm.

[ChartBuddy]

[Wekkel]

Price remains sticky. It still does not want to go down.
The indicators are cooling down. I smell opportunity down the road.