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

[seleme]

Yes they're just speculations.

This is bitcoin.

The minute you think you know something, you don't.

yep

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[nexus 6]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

by my understanding, v shapes is less trustworthy, but it could be useful

[adamstgBit]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

[Wekkel]

Enormous aks wall at BTC-E all evening already. MtGox seems to be building up for some upward pressure too on the 30min chart. China, ah well  

If the ask wall is removed, it's gonna blow sky high  

[David M]

After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.

But now... this damn thing might just finish the week on its highs.

It only has to finish above $670 to make this the best price performing week in Bitcoin history.

[Chalkbot]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lol like BTC gives a fuck

ch00oo0 cho00o0 m0therf0k0rz!!!!!!11!!

These are my sentiments as well.

[BRADLEYPLOOF]

[solex]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

What's on the top right... a red-giant star about to go supernova!?

[justusranvier]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

"The S is for sucks dragon" formation.

[windjc]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

What's on the top right... a red-giant star about to go supernova!?

I thought it was a moon.

[adamstgBit]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

What's on the top right... a red-giant star about to go supernova!?

Mars

[tHash]

After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.

But now... this damn thing might just finish the week on its highs.

It only has to finish above $670 to make this the best price performing week in Bitcoin history.

Is not price performance irrelevant?   Still an awesome gain for the week, makes the top ten.

[TERA]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

What's on the top right... a red-giant star about to go supernova!?

Or its a pinota and 200,000 bitcoins fall out.

[Equus]

Wait, to the moon only means 1200?

I am so disappointed.

[YoYa]

Sigh....

[justusranvier]

After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.

But now... this damn thing might just finish the week on its highs.

It only has to finish above $670 to make this the best price performing week in Bitcoin history.

The week of June 6, 2011 the weekly weighted price was 98% higher than the prior week.

This week still slightly more than one day left, but so far we're only 65%.

On the other hand, the volume traded on Mt Gox in USD terms so far this week has blown away all previous records, including the week of the April crash.

[adamstgBit]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

lets make up a new term.

call it, V shaped TA trap.

What's on the top right... a red-giant star about to go supernova!?

Or its a pinota and 200,000 bitcoins fall out.

that would be nice.

but their no need, fundamentals are so strong that bitcoin always has an upward drift even on low volume.

freaking out yet?

wait till i start a count down.

[batcoin]

Its not a cup and handle formation. Cup and handles are specifically supposed to be U shaped and not V shaped.

Would something like this be better? 

[David M]

After the epic start to the week, I was fairly sure that Bitcoin would end mid-range ($650) at the end of week.

But now... this damn thing might just finish the week on its highs.

It only has to finish above $670 to make this the best price performing week in Bitcoin history.

Is not price performance irrelevant?   Still an awesome gain for the week, makes the top ten.

I don't think it is.  "Joe Average" is concerned with the amount not the percent.

The week of June 6, 2011 the weekly weighted price was 98% higher than the prior week.

This week still slightly more than one day left, but so far we're only 65%.

See above.  We have added $3.5 billion in market cap this week.  No other week compares from this perspective.

[TERA]

Wait, to the moon only means 1200?

I am so disappointed.

I think the moon was at $5. Sights are now set at the Oort cloud.