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

[Ivanhoe]

Falling wedge on 3H chart.

[macsga]

Finally a trader who has proper priorities in life and in trading  

Life is not funny if you're not happy buddy... We need more fun in our days!

Falling wedge on 3H chart.

Just recovered... Don't judge at these moments. It's too vague to predict ANYTHING...

[Ivanhoe]

Keep those bottoms coming Macsga

[Mirsad]

Falling wedge on 3H chart.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge

• Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old.
• Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be lower than the previous highs.
• Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be lower than the previous lows.
• Contraction: The upper resistance line and lower support line converge to form a cone as the pattern matures. The reaction lows still penetrate the previous lows, but this penetration becomes shallower. Shallower lows indicate a decrease in selling pressure and create a lower support line with less negative slope than the upper resistance line.
• Resistance Break: Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.
• Volume: While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.

[Ivanhoe]

Your right, should have said triangle. My bad.

[ChartBuddy]

[adamstgBit]

knock knock i here opportunity  knocking

https://www.havelockinvestments.com/

has what looks like a very promising fund that still in IPO, but not for long!

Seedcoin Fund I (SFI)

check it out!

[merkin51]

knock knock i here opportunity  knocking

https://www.havelockinvestments.com/

has what looks like a very promising fund that still in IPO, but not for long!

Seedcoin Fund I (SFI)

check it out!

For a complete noob... out of interest, what is this exactly?

[owlbear]

I mainly trade based on a combination of the amount of media hype, the rate of increase or decrease in media hype and my own incredulity about the price. This seems to work okay during the bubble phases. Outside of those I just buy and hold.

Right now I'm feeling very slightly bullish about the next day or two (or three) and bearish about the rest of the year.

[adamstgBit]

knock knock i here opportunity  knocking

https://www.havelockinvestments.com/

has what looks like a very promising fund that still in IPO, but not for long!

Seedcoin Fund I (SFI)

check it out!

For a complete noob... out of interest, what is this exactly?

https://www.havelockinvestments.com/

 allows bitcoin companies to publicly offer shares. havelock is runned by a long time bitcoiner, has been around for a long time, never been hacked, the site offers many security features ( my money feels safe ).


this fund i pointed out (SFI), will invest in a few bitcoin start ups. just read the description here.

https://www.havelockinvestments.com/fund.php?symbol=SFI


this is a worth while fund to invest into, as the results is better infrastructure! which will probably lead to bitcoin itself performing better

This fund may or may not pay 50% dividends, but I believe it will turn out to be a phenomenal long term investment.

[mbets]

knock knock i here opportunity  knocking

https://www.havelockinvestments.com/

has what looks like a very promising fund that still in IPO, but not for long!

Seedcoin Fund I (SFI)

check it out!

For a complete noob... out of interest, what is this exactly?

Bitcoin startups are the darling of venture capitalists at the mo, that fund aims to invest in the startups the smart money is following. Some of them wouldn't be accessible to small investors and diversity management is complicated so its an easy way for anyone to take advantage of what will likely be a booming industry.

That said you would be putting your money into an online exchange that could disappear any time and with a random group on the internet that could also run of with the funds any time. Havelocks been around for a while and a lot have done the research and chosen to trust them, no idea about the fund managers but with anything like this its esential to do the research and asses the risks before making a decision. Buy and hold is still the best option from an all round perspective but if everything goes well there's a chance investments like this could offer a 10x return and/or stable dividends for a long time to come. Like any investments that comes with risk, don't rush in blindly.

How much is required to invest? Can we invest in small amounts? i.e. less than 1 BTC?

[Erdogan]

I wouldn't trade BTC now in any direction if my life would depend on it..

Get in, don't worry, be happy.

Not only dip your toes, get in with head and shoulder, teacup with handle, beer glass, butt and tits and everything. Edit: and your alpaca socks, iranian hand made shoes and your lamborghini.

Yeah, now is an exceptional time to get in. Last time the trend and its direction were in this level was at 11th April, noon GMT

And that would have been an awesome investment compared to practically everything else available to average people on 11th April, noon GMT.

Exactly. What is wrong with 400 % profit in less than a year, especially when it is low risk=

[adamstgBit]

knock knock i here opportunity  knocking

https://www.havelockinvestments.com/

has what looks like a very promising fund that still in IPO, but not for long!

Seedcoin Fund I (SFI)

check it out!

For a complete noob... out of interest, what is this exactly?

Bitcoin startups are the darling of venture capitalists at the mo, that fund aims to invest in the startups the smart money is following. Some of them wouldn't be accessible to small investors and diversity management is complicated so its an easy way for anyone to take advantage of what will likely be a booming industry.

That said you would be putting your money into an online exchange that could disappear any time and with a random group on the internet that could also run of with the funds any time. Havelocks been around for a while and a lot have done the research and chosen to trust them, no idea about the fund managers but with anything like this its esential to do the research and asses the risks before making a decision. Buy and hold is still the best option from an all round perspective but if everything goes well there's a chance investments like this could offer a 10x return and/or stable dividends for a long time to come. Like any investments that comes with risk, don't rush in blindly.

How much is required to invest? Can we invest in small amounts? i.e. less than 1 BTC?

yes these companies are split up in millions of shares, you can buy just 1 if you like.

go try it out send a bitcoin and build yourself a profoilo

its FUN FUN FUN  

way better opportunities then "investing" in SCAMCOIN of the week

[rpietila]

Can some of the oldtimers help the community and post bid/ask ratio charts, please

[EuroTrash]

http://uk.news.yahoo.com/video/ireland-ready-leave-eu-bailout-072618985.html

Ireland Ready To Leave EU Bailout

In reality its more like using one credit card to pay off another, we're all waving flags and patting ourselves on the back here but most don't realise we've not actually paid back anything significant yet and that government gluttony is still hanging around our necks. It gets those IMF bastards out of here though so its not totally stupid.

Is AIB is still in deep shit, and 98% state-owned?

[bito]

Bitcoin, why u do this to me?  

Welcome to the club.   Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members.

I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.

I've lost 4.5k and it's now on the level I would be 1-1.5k at loss.

But fuck it, that's why it is fun, there's still lot more good moments than bad

Guys. If I had just hold all the time I would be a multi millionaire, in dollars, today. Just saying.

Sorry to pick on your post, but I've been meaning to say words to this effect for a while.

You would only be a theoretical multi millionaire (in dollars) if you had just held.

BTC owners will eventually sell, whether it be to cash out (ie, I want to realise some of my profits now, or limit my losses), or they want to panic the market.

It is people who have a healthy balance of BTC and cash in their trading account that actually support the price when new money runs out. It's not all about how many coins you have, but what are they worth. This point may very well be lost on a lot of people.

I don't recommend trading unless you have a well thought out and tested strategy, but it ain't rocket surgery.

PS: Love your work rpietila

[Richy_T]

We are in dire need of a resurgment(sp?) of the Usenet approach, where a bunch of different people just synchronized their message databases, where no single company had control over so many people's online social life, and anyone could get in the busyness...

Centralization is bad for the Internet, and bad for it's users.

There are decentralized social networking efforts out there (Diaspora for one). Maybe Facebook will fall from favor as Myspace did. It's a bit of a juggernaut at the moment though.

[adamstgBit]

look at that, tight ass!

[Erdogan]

We are in dire need of a resurgment(sp?) of the Usenet approach, where a bunch of different people just synchronized their message databases, where no single company had control over so many people's online social life, and anyone could get in the busyness...

Centralization is bad for the Internet, and bad for it's users.

There are decentralized social networking efforts out there (Diaspora for one). Maybe Facebook will fall from favor as Myspace did. It's a bit of a juggernaut at the moment though.

Usenet is not going away.

[ChartBuddy]