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

[ChartBuddy]

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[1714231555]

1714231555

[1714231555]

1714231555

[1714231555]

1714231555

[TReano]

Can we pleas have a breakout so I can decide if I want to stay long or scalp a short ?  

[ChartBuddy]

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[ChartBuddy]

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[fallinglantern]

Dear foorish westerners,

 Dissa chinaman here, preeze sell us all ur bitcoin. We want to buy all de cheap bitcoins before de halving so preeze help us and sell all your bitcoins to us very cheap preeze. We have one birrion Chinamans ready to trade our worthless papar cuwwency because or goverment wont stop printing and devarrauing our monez. Tank u wery much.

Sincewery,
Chinamans of China

[ChartBuddy]

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[peonminer]

Dear foorish westerners,

 Dissa chinaman here, preeze sell us all ur bitcoin. We want to buy all de cheap bitcoins before de halving so preeze help us and sell all your bitcoins to us very cheap preeze. We have one birrion Chinamans ready to trade our worthless papar cuwwency because or goverment wont stop printing and devarrauing our monez. Tank u wery much.

Sincewery,
Chinamans of China

[r0ach]

Moon time:

Chinese Stocks Plunge 5.5%, Their Biggest Single-Day Drop in 3 Months

http://www.nytimes.com/2015/11/28/business/china-shanghai-stock-market.html?ribbon-ad-idx=5&rref=world/asia

Chinese Cash Floods U.S. Real Estate Market

http://www.nytimes.com/2015/11/29/business/international/chinese-cash-floods-us-real-estate-market.html?ribbon-ad-idx=5&src=trending

Do the Chinese know we're still in a real estate bubble and houses will probably drop some huge amount like 30%?  They'd be better off just hodling Bitcoin. 

[r0ach]

Just read this and it made me sad
Bitcoin Price Locomotive Runs out of Steam
Don't read, will make you lose hope.

Yea, because everyone knows the price is supposed to go at a 45 degree angle upward forever and it's not possible to go sideways.

[r0ach]

Micro wedge is sideways and the macro wedge is up.  Price is right in the middle of the micro wedge.

[ChartBuddy]

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[TReano]

Just read this and it made me sad
Bitcoin Price Locomotive Runs out of Steam
Don't read, will make you lose hope.

Yea, because everyone knows the price is supposed to go at a 45 degree angle upward forever and it's not possible to go sideways.

that's what people are saying here for like 2 years now...

[JayJuanGee]

seems a little ridiculous that in the past few months that nearly every time that the BTC price is stuck in a certain price range for a few days, someone will assess that the price seems "stable here."

If you see me say it (and I do), be sure that it is tongue-in-cheek. The fundamentals to me mean we can not stay here for too long (though the direction is up for grabs)

You are correct that maybe sometimes after reading this thread for a long time we can become a little finicky, picky and irritated by words that posters choose.   

Unless we happen to be a whale ourselves (and even then???), we cannot really have too much confidence regarding how long the price is going to stay at any particular point or its direction thereafter.

At this point, this week's volume (candle is about to close) is down, overall, but is still poised to end fairly respectable (right around 100k on Bitstamp)

[r0ach]

Within an hour or two there will be a pump to $365-7ish or dump to $348-350

[natewelt]

I posted a pretty detailed chart of my current price thoughts on one of my original threads. I encourage you to check it out and contribute to the topic if you wish. I would post it here, but there is way too much jabbering...it would get lost in the shuffle quickly.

https://bitcointalk.org/index.php?topic=1223203.20

[r0ach]

Triangle attempting to converge on the upside...

[TReano]

Triangle attempting to converge on the upside...

it's always to the upside according to this forum 

[ChartBuddy]

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[marcus_of_augustus]

Triangle attempting to converge on the upside...

it's always to the upside according to this forum 

and generally they have been correct.

[ChartBuddy]

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