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

[Chancellor]

In the meantime we have another painfull approach to $850 on Bitstamp... I guess, this is not the time yet.

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[San1ty]

Two whole data points!  Damn, that is certainty.

Sounds legit. Came from The Bitcoin Foundation. So no need to worry

[fluidjax]

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Ahhh yes, that tried and tested indicator, the 7 week moving average....lol. 

[knarzo]

You have to see it as service provided by The Bitcoin Foundation. If you want to invest in stock and stuff you don't get this kind of service without paying for it

[ChartBuddy]

Explanation

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.

[fr33d0miz3r]

Thanks for sharing your insight with us sheep

I thnik we'll go to $13-$26 in a few months... And then will bounce to $50 and will trade at ~$50 with 4-5 months and then will grow up slowly.

 
Actually, I was a newbie that times.
Now I know more. Bad scary news is coming.

But, of course you can "ignore the truth".

[The Bitcoin Foundation]

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Ahhh yes, that tried and tested indicator, the 7 week moving average....lol. 

Its actually a very safe play in many ways. Looking at the chart. setting a rebuy to 20% cheaper than Current price and stepping away. Again, selling here are $950 is what Im saying. unless you think well just magically blow past ATH withought some more fear / selloff which in that case Id say youre in fantasy land.

[aminorex]

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.

hmm.... not so sure about that.  An edge is an edge.  Combining indicators can turn signal into noise, if not done properly.  
I would rather trade on one signal which had both empirical and theoretical support (strong) than a thousand weak oracles all in perfect agreement.
Well, maybe.  I'd have to do the math.

[knarzo]

Thanks for sharing your insight with us sheep

I thnik we'll go to $13-$26 in a few months... And then will bounce to $50 and will trade at ~$50 with 4-5 months and then will grow up slowly.

 
Actually, I was a newbie that times.
Now I know more. Bad scary news is coming.

But, of course you can "ignore the truth".

Damn! I always knew it's true... http://www.jpost.com/Iranian-Threat/News/US-run-by-Nazi-space-aliens-Iran-claims-338159

[fluidjax]

What is happening at the end of this month in China, I hear so much FUD, but can someone point me to some facts

[The Bitcoin Foundation]

http://s17.postimg.org/3kbtbnwkv/Screenshot_4.png

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

[samson]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

[San1ty]

Thanks for sharing your insight with us sheep

I thnik we'll go to $13-$26 in a few months... And then will bounce to $50 and will trade at ~$50 with 4-5 months and then will grow up slowly.

 
Actually, I was a newbie that times.
Now I know more. Bad scary news is coming.

But, of course you can "ignore the truth".

Meh, if the news was truly scary and bad you would have just sold all and you would have never looked back.
Instead you feel the urge to spam nonsense, because all you want is for people to sell so you can buy back cheaper.

If you are willing to buy back cheaper, truly how bad can the news be, hmm?

I've grown so tired of kids.

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

[fr33d0miz3r]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

And also this law will mean "anonymous money transfers", from/to unverified accounts. (It wasn't said in this article, but I saw this news in Russian).

[macsga]

I must admit it, this is one Brit with HUGE...


Watch

Seriously, can we PLEASE vote for mr Farage as a president of the EU? The huge political crash will be coming the next April IMHO (accompanied with the rise of BTC). After the EU elections. We'll see...

[knarzo]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

But how long do we have to wait until the "really bad" news you are talking about are kicking in? So i know when to sell, you know.

[samson]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

Maybe it will affect the Russians who use it ?

[fr33d0miz3r]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

Maybe it will affect the Russians who use it ?

unverified Russians.