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

[macsga]

I feel we need a LEGIT TA...

[mbets]

nice to start the day with 900+

[TERA]

Tutorial on bitcoin: http://www.youtube.com/watch?v=4r7wHMg5Yjg

[seleme]

Was there ever any more crazy commodity or whatever that is traded, lol?

You just can't have idea where the fucker is going 

[JimboToronto]

Hoping to see at least 1000 before going to bed but I'm starting to nod.

Goodnight all, happy uptrend.

[danielW]

Was there ever any more crazy commodity or whatever that is traded, lol?

You just can't have idea where the fucker is going 

The moon

[Nickee]

What you suggest to do now? Buy or wait?

yesterday I've tought to wait cause I was thinking that during the weekend (friday to monday)the price woud drop.....but now is not

[mbets]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

[tHash]

What you suggest to do now? Buy or wait?

yesterday I've tought to wait cause I was thinking that during the weekend (friday to monday)the price woud drop.....but now is not

There isn't one person here that can give any sort of rational answer to that.   The only consensus is that within some months, the price will be higher.   Buy now and wait it out whether it goes down or not, or wait until a clear trend is established so you don't have to see your investment worth less at some point.   The risk being you end up with less BTC.   Bitcoin will often do what no one expects, so trying to trade is just a gamble.   No one has ever realized a loss by buying bitcoins.   Many have given their money away in fear however, so my advise, is just buy and walk away for a few months.   It may go down from here, but it also may go up, and in my opinion, that is a bigger risk.

[macsga]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

It's going up. I don't think you should wait...  

What you suggest to do now? Buy or wait?

yesterday I've tought to wait cause I was thinking that during the weekend (friday to monday)the price woud drop.....but now is not

There isn't one person here that can give any sort of rational answer to that.   The only consensus is that within some months, the price will be higher.   Buy now and wait it out whether it goes down or not, or wait until a clear trend is established so you don't have to see your investment worth less at some point.   The risk being you end up with less BTC.   Bitcoin will often do what no one expects, so trying to trade is just a gamble.   No one has ever realized a loss by buying bitcoins.   Many have given their money away in fear however, so my advise, is just buy and walk away for a few months.   It may go down from here, but it also may go up, and in my opinion, that is a bigger risk.

^^^
This!

I predict more than $1000 within the day... It's clearly an uptrend.

[seleme]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

it broke 950 already but there was some medium dump half an hour ago.

[OldGeek]

Well I'm up for the day so I should quit and get some sleep.  Hoping to see 1042 when I get around in the morning.

[mbets]

Horizontal at 940s

[TERA]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

it broke 950 already but there was some medium dump half an hour ago.

5500 - 5620 on btcchina has been met with about 30K of resistance so far and now it's at 5555.

[seleme]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

it broke 950 already but there was some medium dump half an hour ago.

5500 - 5620 on btcchina has been met with about 30K of resistance so far and now it's at 5555.

I don't have idea what will happen... I might be wrong for closing my shorting position at loss earlier as some of bid walls on Stamp that we pushing it up are removed but it was just too risky and got me too nervous, don't need that shit.

[simonk83]

What you suggest to do now? Buy or wait?

yesterday I've tought to wait cause I was thinking that during the weekend (friday to monday)the price woud drop.....but now is not

There isn't one person here that can give any sort of rational answer to that.   The only consensus is that within some months, the price will be higher.   Buy now and wait it out whether it goes down or not, or wait until a clear trend is established so you don't have to see your investment worth less at some point.   The risk being you end up with less BTC.   Bitcoin will often do what no one expects, so trying to trade is just a gamble.   No one has ever realized a loss by buying bitcoins.   Many have given their money away in fear however, so my advise, is just buy and walk away for a few months.   It may go down from here, but it also may go up, and in my opinion, that is a bigger risk.

Great post dude

[windjc]

I'm going to wait a little bit more. If it breaks 950, it might go even further up.

it broke 950 already but there was some medium dump half an hour ago.

5500 - 5620 on btcchina has been met with about 30K of resistance so far and now it's at 5555.

You still trying to convince yourself we are in a bear market?

[ShroomsKit]

This is like the bounce from 120 to 145 in april, after the drop from 165 and before the drop to 80.



The symmetry.

Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.

But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.

Here's what I'm talking about. Top is March-April. Bottom is prior 60d.





The ringing cycle is shorter (system is more highly damped) because the market is larger and confidence is greater.

Similarly I expect a shorter bear market, if it manifests at all.

On the other hand, bulls will be pleased to know that I said this a month ago at the giant beartrap, shortly before it established new ATHs.

Another sell off developing.

Yup, typical "ringing" pattern after the overshoot blow-off. Same as April.

Yawn. Predictable.

We can either look at this as me being wrong, or there having been two consecutive bubbles. I prefer the latter. 

You don't really believe in all this stuff right? I mean you're just joking with all those lines and comparing charts etc right?

[seleme]

Wow, 670 buy on Gox

[ChartBuddy]