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Question: Will we break out from this range to the upside or downside?
Upside - 71 (65.1%)
Downside - 38 (34.9%)
Total Voters: 109

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26177911 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
Geist
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May 07, 2013, 02:32:49 AM
 #5101

Bulls, any last words?
We choose the Moon, not because it's easy, but because it is hard.
Haha, I'm going to use that as my sig if you don't mind.
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Frozenlock
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May 07, 2013, 02:34:29 AM
 #5102

It doesn't work in a signature...  Undecided
SlipperySlope
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May 07, 2013, 02:35:44 AM
 #5103

I love sitting on the sidelines with my bitcoins just watching the madness. The debating, the speculation, the sob stories and the cheers. So glad I'm not fighting the market right now.

That, dollar cost averaging, and automated market making are the only trading methods I recommend in this market.

Would you care to share your trading rules for automated market making?
Geist
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May 07, 2013, 02:36:46 AM
 #5104

It doesn't work in a signature...  Undecided
Fixed.
Frozenlock
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May 07, 2013, 02:37:23 AM
 #5105

I didn't say that! He did!  Wink
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May 07, 2013, 02:41:26 AM
 #5106

Eating the $106 wall! Brace yourselves!
SlipperySlope
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May 07, 2013, 02:44:57 AM
 #5107

So I don't usually draw lines on a chart... but I am bored and it seemed like fun.



Alright, chart mystics, tell me the significance of this channel!  Smiley

The top trend line touches more times and thus has more significance when understanding the trend.
justusranvier
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May 07, 2013, 02:46:42 AM
 #5108

But what happens when the upper blue line collides with the lower blue line?  Grin
Total protonic reversal.

Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
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May 07, 2013, 02:49:56 AM
 #5109

So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open.  Theoretically it looks like a time to buy but TA and the order book make me feel otherwise
SlipperySlope
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May 07, 2013, 02:54:57 AM
 #5110



Interesting downtrend that could be a part of new multi-leg strike towards $80.
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May 07, 2013, 02:59:21 AM
 #5111

So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open.  Theoretically it looks like a time to buy but TA and the order book make me feel otherwise

It can take nearly two days to get your money into Mt.Gox, and that's sending it from a British bank, I have no idea how long it takes to get it through from a Chinese bank.  My money didn't arrive in my Mt.Gox account until the close of business in Japan the following day.  Obviously although it'll be nice if prices skyrocket that doesn't mean that it'll definitely happen - or that it won't of course.  I'm just going to wait and see, that's all I can do anyway but my funds are now mostly in BTC so if it does, then me and my half a satoshi are ready for it!
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May 07, 2013, 03:02:23 AM
 #5112

Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $104 $102 with 1m lag


Ares
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May 07, 2013, 03:02:42 AM
 #5113

Dump city bitch, dump dump city bitch
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May 07, 2013, 03:03:58 AM
 #5114

Even I'm surprised by today. It's going down. I wonder if we'll breach 100 by the days end.
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May 07, 2013, 03:04:34 AM
 #5115

Shit happens..
wiak2
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May 07, 2013, 03:04:44 AM
 #5116

Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $104 with 1m lag

Probably because their prices are based on pure speculation, while bitcoin does have some utility.  Thus when a drop happens, confidence is lost without fundamentals to rely on, making for much more volatility.
mccorvic
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May 07, 2013, 03:06:05 AM
 #5117

Right in the gonads Sad
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May 07, 2013, 03:06:25 AM
 #5118

Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $104 with 1m lag

Probably because their prices are based on pure speculation, while bitcoin does have some utility.  Thus when a drop happens, confidence is lost with not fundamentals to rely on, making for much more volatility.

They are purely speculative but let's not kid ourself - bitcoin is not far from that Wink
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May 07, 2013, 03:07:08 AM
 #5119

SlipperySlope
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May 07, 2013, 03:09:12 AM
 #5120

Volume picking up on this downtrend.

If anybody cares, I cancelled my highest outstanding bid at $95 and moved it to join another lower existing bid as part of a spread of bids should this downtrend indeed make a strike for $80. I now believe that a retracement from a retest of $80 might not get as high as the last one did.
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