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

[rebuilder]

http://imgur.com/fX0xfpQ

Just a quick observation.

First major dump, from 504

Next 'high' was 475 which is a lower high..

And the dump that just happened from 467

Lower highs if you ask me!

My point was, isn't it kind of early to call 467 a high? If this keeps going up, that dump will end up looking like noise.

[spooderman]

the guy who sold his house for bitcoin last year is about to break even!

Well, well, well... I am back for an update.

Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!

HODL!

Happy Holidays and Happy New Year,

Tay More

good to hear that he hasn't panic sold

wow! that is ballz of steel.

[DaRude]

Whoa that was beautiful on finex

[ErisDiscordia]

http://imgur.com/fX0xfpQ

Just a quick observation.

First major dump, from 504

Next 'high' was 475 which is a lower high..

And the dump that just happened from 467

Lower highs if you ask me!

My point was, isn't it kind of early to call 467 a high? If this keeps going up, that dump will end up looking like noise.

what 467 top?

[AlexGR]

Whoa that was beautiful on finex

Someone FOMO'ed

[BlindMayorBitcorn]

Whoa that was beautiful on finex

Someone FOMO'ed

Wasn't me I swear.

[ChartBuddy]

Coin



Explanation

[Karartma1]

@roach

You made my day! 
And you ruined it as well because now I'm listening to that song in a loop! Great! 

[dreamspark]

the guy who sold his house for bitcoin last year is about to break even!

Well, well, well... I am back for an update.

Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!

HODL!

Happy Holidays and Happy New Year,

Tay More

good to hear that he hasn't panic sold

wow! that is ballz of steel.

Because the Canadian dollar has also been taking a beating over that time as well he probably broke even a while ago in regards to the value in Canadian dollars that his house was worth

[dloghwak]

the guy who sold his house for bitcoin last year is about to break even!

Well, well, well... I am back for an update.

Originally (in Post #1) sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction. BTC is currently at approximately $450 US each. This makes my investment worth $291,600 in U.S. Dollars. Now also note that the Canadian Dollar has tanked really hard in the last year and is now at a 12 year low, around .72c US. That makes my Bitcoin currently worth $405,000 Canadian!. I am currently up on my initial investment! I did weather the storm when it sat at $200 for a long time (and crapped my pants from time to time and did a lot of drinking), but now my time has come. For all those that laughed, we will see who is laughing in 2016!

HODL!

Happy Holidays and Happy New Year,

Tay More

good to hear that he hasn't panic sold

wow! that is ballz of steel.

Because the Canadian dollar has also been taking a beating over that time as well he probably broke even a while ago in regards to the value in Canadian dollars that his house was worth

He is well aware of the Canadian dollar decline, dunno what you are talking about.

[Tzupy]

Bitcoin foundation may shut down next year due to lack of funds:
http://www.coindesk.com/harper-janssens-exit-bitcoin-foundation/

[MatTheCat]

Whoa that was beautiful on finex

Probs an exchange insider Short Stop trigger run.

Seriously...did I ever mention that Bitfinex is run by crooks?

[spooderman]

the bitcoin foundation is actually the innovative technology that underpins bitcoin. it's far more important than the currency itself.

i will be sad to see it go, but i look forward to banks making use of it in the coming years.

[mladen00]

can't wait for news from FED...

[ChartBuddy]

Coin



Explanation

[lama-hunter]

Ahhkw what an price drop this morning night eze recoverd by the btc. Price was at 419€ so far an 475 dolalrs on xapo.
Very great prices for the btc but still not enough. I think the Price will rise again over the 500$ soon.

regards
lama-hunter

[ChartBuddy]

Coin



Explanation

[oda.krell]

Meanwhile, we've made lower highs after each time, which isn't healthy at all.

Are we looking at the same charts?

He's technically right: lower highs, in terms of candle peaks.

What he's missing (or fails to mention) is that we're going through a series of higher candle close values in the same series, like a little structure internal triangle hehe

Candle closes are a good way to look at it. You are right. From that perspective, things are looking rosey.

Not sure if I'd go that far, but by comparing peak and close, it looks we're getting close to a decision point. I'm also leaning towards 'up' at the moment, but I don't think it's a given. Here are the time scales I mentioned earlier:


Weekly peak vs. close = Falling peaks, rising closes. NB: Last relevant candle still open.




Daily. Same pattern as weekly: falling peaks, rising corresponding closes.




6h is the last (relevant, imo) time scale that hasn't completed the above pattern yet: still no higher 6h close than the one printed at the $502 peak.




We're getting close... Will be interesting to see where this is going.

[lama-hunter]

Price rising in 2015´6    Wait for it

[Wekkel]

Nice analysis in the charts. I expect an interim plunge to $370 before continuation price rise. Indicators have weaker tops with weaker price action. Only a large buyer can save this rally.

Beware.