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Question: Where will this rally top out?
Already topped <$7,000 - 20 (22.7%)
$7,000-$7,499 - 7 (8%)
$7,500-$7,999 - 8 (9.1%)
$8,000-$8,499 - 6 (6.8%)
$8,500-$8,999 - 6 (6.8%)
$9,000-$9,499 - 1 (1.1%)
$9,500-$9,999 - 1 (1.1%)
$10K+ - 39 (44.3%)
Total Voters: 88

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21589936 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. (144 posts by 34 users deleted.)
molecular
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May 12, 2013, 02:17:47 PM
 #7321


The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.


I wouldn't call it scary, more a buying opportunity coming our way.

Obviously to take advantage of this you would need to sell some of your BTC and wait.


if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark! Grin

Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet.




just don't be that guy.
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May 12, 2013, 02:34:19 PM
 #7322


The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.


I wouldn't call it scary, more a buying opportunity coming our way.

Obviously to take advantage of this you would need to sell some of your BTC and wait.


if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark! Grin

Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet.




just don't be that guy.

I'm sure they said something similar to people about the Titanic.   Grin
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May 12, 2013, 02:45:12 PM
 #7323

I'm sure they said something similar to people about the Titanic.   Grin

haha, good one Wink.
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May 12, 2013, 02:56:08 PM
 #7324

Drew no lines Smiley

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May 12, 2013, 03:02:40 PM
 #7325

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May 12, 2013, 03:06:04 PM
 #7326

And me Andrew Lines http://andrewlines.com/  Grin
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May 12, 2013, 03:09:29 PM
Last edit: May 12, 2013, 03:41:26 PM by sarc
 #7327

The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.



Don't forget reward halve

True, but for that to have been a significant driver of changes (and so relevant), wouldn't there need to be a correlated reduction in coin availability in the market? There wasn't one was there?
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May 12, 2013, 04:02:34 PM
 #7328

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May 12, 2013, 04:02:40 PM
 #7329

Low volume may pick up as we have come to expect late Sunday.

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May 12, 2013, 04:49:38 PM
 #7330

Low volume may pick up as we have come to expect late Sunday.



This is my TA as well....falling wedge.
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May 12, 2013, 05:02:39 PM
 #7331

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May 12, 2013, 05:19:14 PM
 #7332

Wow, this thread is getting pretty boring. Price movements of a couple dollars is about the most anyone hopes for.

Stability. Good times!
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May 12, 2013, 05:41:11 PM
 #7333

Low volume may pick up as we have come to expect late Sunday.


This will break through the red line $10 lower, I have seen this pattern before.
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May 12, 2013, 05:42:08 PM
 #7334

It's called a descending triangle. I don't think this is anything but noise, though.
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May 12, 2013, 05:58:43 PM
 #7335

Yazz - The Only Way Is Up

https://www.youtube.com/watch?v=UtKADQnjQmc

 Grin



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May 12, 2013, 06:03:05 PM
 #7336

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May 12, 2013, 07:02:57 PM
 #7337

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May 12, 2013, 07:07:33 PM
 #7338

With the mother of all triangles that closed in the last few days, I think this is relevant:

Quote
Another point to remember — and one which does not conform at all
to the “coil” simile — is that the farther out into the apex of the Triangle
prices push without bursting its boundaries, the less force or power the
pattern seems to have. Instead of building up more pressure, it begins to
lose its efficacy after a certain stage. The best moves (up or down) seem to
ensue when prices break out decisively at a point somewhere between half
and three quarters of the horizontal distance from the base (left-hand end)
to the apex. If prices continue to move “sideways” in narrower and narrower
fluctuations from day to day after the three quarter mark is passed, they are
quite apt to keep right on to the apex and beyond in a dull drift or ripple
which leaves the chart analyst completely at sea. The best thing to do in such
cases is go away and look for something more promising elsewhere in your
chart book.

- Technical Analysis of Stock Trends

 Cry
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May 12, 2013, 07:17:13 PM
 #7339

Low volume may pick up as we have come to expect late Sunday.



You need at least 2 lows to be able to find support... and you chop through one of them?  Huh
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May 12, 2013, 07:24:11 PM
 #7340

With the mother of all triangles that closed in the last few days, I think this is relevant:

Quote
Another point to remember — and one which does not conform at all
to the “coil” simile — is that the farther out into the apex of the Triangle
prices push without bursting its boundaries, the less force or power the
pattern seems to have. Instead of building up more pressure, it begins to
lose its efficacy after a certain stage. The best moves (up or down) seem to
ensue when prices break out decisively at a point somewhere between half
and three quarters of the horizontal distance from the base (left-hand end)
to the apex. If prices continue to move “sideways” in narrower and narrower
fluctuations from day to day after the three quarter mark is passed, they are
quite apt to keep right on to the apex and beyond in a dull drift or ripple
which leaves the chart analyst completely at sea. The best thing to do in such
cases is go away and look for something more promising elsewhere in your
chart book.

- Technical Analysis of Stock Trends

 Cry


to me that would be a brilliant piece of information, if it holds true.

tentative growth would be good for bitcoins legitimacy.

in terms of volume, during feb/march were there similar periods to the last 3 days?


in other news looks like manipulator/big player took about 1mil off the bid book somewhere
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