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

[Le Happy Merchant]

I don't do TA, but I'm amazed nobody has pointed out the closing triangle on the 6 month chart.

[windjc]

I am now full BTC. Would have never thought so going towards the weekend. But this market is building more and more support and when the damn breaks everything is going to flood north. And I don't want to miss any part of that.

[mb300sd]

CHOO CHOO ┗(°0°)┛!!!

1 K before bed, PLEASE!

Thats 20 minutes till 5am. Or until the ambien i took an hour ago hits me...

[aazssx]

Forced rally is forced. Epic trainwreck incoming.

[macsga]

I don't do TA, but I'm amazed nobody has pointed out the closing triangle on the 6 month chart.

Legit TA follows:

CHOO CHOO ┗(°0°)┛!!!

[windjc]

Forced rally is forced. Epic trainwreck incoming.

Forced rally? What the hell is a forced rally? That's a new one.

I guess now for bears, if it goes down its a natural technical thing. If it goes up its a forced movement.

[barbs]

a forced rally is when you are constipated, but you've gotta do it anyway 

[tutkarz]

my only hope is that governments will be busy with other things and this time won't disturb our intergalactic flight.

[ShroomsKit]

Forced rally is forced. Epic trainwreck incoming.

Forced rally

[windjc]

Prepare for liftoff.

[MicroFi]

BTCChina just crossed 5600 too.
Now to drag BTC-E over 900 ...

[windjc]

The significance of all this is that if we trade in a range for a few weeks it is megabullish. And right now it looks like we are going to (at worst) trade at a high range 850-1050 than a lower range 650-850.

Simply amazing. I expected more out of the bears honestly.

[seleme]

I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

This will get you with more fiat and more btc.

Lol, what do you think I am doing my trading for but to get more BTC.

I will never get more BTC just looking it going up, up and up.

I'm very fine with having bad trades, if I only would have good ones I'd be filthy rich now.

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins and who bought at single numbers or so and now talking bullshit about holding to me who bought my first coins in March or to those who bought at 1k, I care about rising quantity of Bitcoins I hold. That's why I trade and that's what I managed to do trading.

Bad trade here and there is acceptable and perfectly normal.

The only thing I have to force myself to avoid is to trade as less btc vs usd as possible. I'm not good in that and I usually make bad decisions in that pair as I'm extremely small fish in that pair and got run over too easily.

[Dragonkiller]

Bored of the 900s. When 1000s? 

[ChartBuddy]

[Erdogan]

Well, this is not funny anymore, I definitely shorted BTC at very bad time 

You could not have known. Nobody could.

[tutkarz]

I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

This will get you with more fiat and more btc.

Lol, what do you think I am doing my trading for but to get more BTC.

I will never get more BTC just looking it going up, up and up.

this is something that I can't wrap my head around. Isn't it enough that your bitcoins gain thousands of percent per year? I have few bitcoins and I'm happy with that, they will be worth a lot anyway if bitcoin will succeed. Why many of you have to have moar and moar bitcoins instead of just increase in value? When you speculate you are making volatile market and hurting bitcoin economy which is bad for all...

[Dragonkiller]

I have been saying, but it seems to be too hard to understand to some of traders here... (seleme and nemo to name a few)

If you are trading bitcoins, one good approach is that you normally have 100% BTC (from your invested fiat) and if something happens like big up or down then you should have a clear plan what to do, short-term future becomes a lot more easy to predict when these major spikes appear first.

Forget about how much USD you have short-term, focus only to get more BTC, because longest trend is UP UP UP.

I have noticed that my biggest loses (BTC) come when I'm holding USD and waiting too long. Don't wait that the price falls.

Make a plan and stick to it when something happens.

This will get you with more fiat and more btc.

Lol, what do you think I am doing my trading for but to get more BTC.

I will never get more BTC just looking it going up, up and up.

this is something that I can't wrap my head around. Isn't it enough that your bitcoins gain thousands of percent per year? I have few bitcoins and I'm happy with that, they will be worth a lot anyway if bitcoin will succeed. Why many of you have to have moar and moar bitcoins instead of just increase in value? When you speculate you are making volatile market and hurting bitcoin economy which is bad for all...

Because MOAR. MOAR is never enough

[flynn]

this is something that I can't wrap my head around. Isn't it enough that your bitcoins gain thousands of percent per year? I have few bitcoins and I'm happy with that, they will be worth a lot anyway if bitcoin will succeed. Why many of you have to have moar and moar bitcoins instead of just increase in value? When you speculate you are making volatile market and hurting bitcoin economy which is bad for all...

Human greed has no limit.

[Vycid]

And millionth time, I don't care about holding bitcoin all the time, unlike permabulls who care only about usd dollar worth of their bitcoins I care about rising my Bitcoin value. That's why I trade and that's what I managed to do trading. Bad trade here and there is acceptable and perfectly normal.

I seek constantly to increase my bitcoin holdings, but it is even more unacceptable to have fewer bitcoins than I do now than it is desirable to have additional coins.

Therefore I do not even consider currency trading unless I genuinely have a larger edge on the market than the transaction fees will cost me (I do not believe this has ever been the case).