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

[Wandererfromthenorth]

Is this little pump over the last few days based on any good news?

Or have weak hands finally been shaken out and more people are beginning to HODL?

It's a (short term) technical breakout (out of the bitstamp pennant) so it means price is pumping at least for a while. It's not a mistery. Doesn't have to do with news.
It could be already over or could still go a little bit higher. It it goes higher next target is probably $275 or something.

Long term still looks bearish to me.

[inca]

I have my eyes on 285 territory. I doubt we get there for a bit though. If we bust through that with high volume then things should get exciting for the next few months

[600watt]

we are on the way up to 370, if not 400...  

[Morecoin Freeman]

Is this little pump over the last few days based on any good news?

Or have weak hands finally been shaken out and more people are beginning to HODL?

It's a (short term) technical breakout (out of the bitstamp pennant) so it means price is pumping at least for a while. It's not a mistery. Doesn't have to do with news.
It could be already over or could still go a little bit higher. It it goes higher next target is probably $275 or something.

Long term still looks bearish to me.

Are you going to short this pump?

[billyjoeallen]

Is this little pump over the last few days based on any good news?

Or have weak hands finally been shaken out and more people are beginning to HODL?

We buy because we anticipate selling at a small profit soon or a large profit eventually. This is the short squeeze of the FPR pattern.

[mymenace]

current news

may not have anything to do with wall

https://cryptocrypt.org/index.php?topic=6335.0

other news

https://cryptocrypt.org/index.php?topic=6329.0



now this  is my idea a year ago about alt coins

https://cryptocrypt.org/index.php?topic=6332.0

[ajaxmoor]

Lets just hope we reach over 300 by sunday . Would be a great achievement.

[Xiaoxiao]

The sell orders are starting to stack up on bitstamp and bitfinex.... and it seems to be hitting a brick wall @ 260.

The trend is about to move down again and follow course.

[D05GTO]

Or so you hope.  So funny watching all the "Oh BTC dead crowd" go quiet and make dumb comments.

[manfred]

[Wandererfromthenorth]

Is this little pump over the last few days based on any good news?

Or have weak hands finally been shaken out and more people are beginning to HODL?

It's a (short term) technical breakout (out of the bitstamp pennant) so it means price is pumping at least for a while. It's not a mistery. Doesn't have to do with news.
It could be already over or could still go a little bit higher. It it goes higher next target is probably $275 or something.

Long term still looks bearish to me.

Are you going to short this pump?

I'm not trading bitcoin right now.

But no I wouldn't go short now, seems risky (because it  could go a little higher for now). I would probably start to take profit on exchange (only sell coin) if you bought at like $220-$230. But that's because I don't trust these short term pumps that much and I am still bearish long term.

I would maybe open some shorts if it goes to $275 right away and it starts to show clear signs of weakness. But not before.

[billyjoeallen]

The sell orders are starting to stack up on bitstamp and bitfinex.... and it seems to be hitting a brick wall @ 260.

The trend is about to move down again and follow course.

The only thing that's going down is your mom. Thanks for your coins 

[Odalv]

April 2013 ATH (~$260) under attack.

[JimboToronto]

So, when price pumps short term after still being 70% or whatever since ATH the bulls start insulting the "beartrolls" and laugh at them.
Pretty sure you have done that at every spike during the bearmarket before another drop to a new low eventually. Not sure tho, can't remember well.

Actually, I've been laughing at the bear trolls since the price was in double digits, regardless of whether it is temporarily going up or down.

Short term (last 5 days), the price is up. Long term (last 5 years), the price is way up.

Only in the medium term is it down.

Some of what you call "beartrolls" have simply been saying that bitcoin is a bubble, and by looking at the all time linear chart (the log one is perfect to mislead who can't read a chart) they are more right than wrong so far.
What you are saying is that bitcoin price could go to double or single digits and we shouldn't worry because it started trading in the $0.1-$1 range so it would still be a long term uptrend?

If as you seem to think, Bitcoin is a bubble, you should make that plural. There have been lots of Bitcoin "bubbles" and it's still early in the adoption curve.

I tend to agree with Risto that Bitcoin is nearly finished with the Innovator stage and is almost ready to move on to the Early Adopter stage.

As for the use of log charts versus linear, you do realize that s-curves are generally parabolic until they go vertical, don't you? Eventually with saturation, the curve will bend the other way.

If anything, the use of linear charts is misleading to those who can't read a chart.

[SnokkomBTC]

So, when price pumps short term after still being 70% or whatever since ATH the bulls start insulting the "beartrolls" and laugh at them.
Pretty sure you have done that at every spike during the bearmarket before another drop to a new low eventually. Not sure tho, can't remember well.

Actually, I've been laughing at the bear trolls since the price was in double digits, regardless of whether it is temporarily going up or down.

Short term (last 5 days), the price is up. Long term (last 5 years), the price is way up.

Only in the medium term is it down.

Some of what you call "beartrolls" have simply been saying that bitcoin is a bubble, and by looking at the all time linear chart (the log one is perfect to mislead who can't read a chart) they are more right than wrong so far.
What you are saying is that bitcoin price could go to double or single digits and we shouldn't worry because it started trading in the $0.1-$1 range so it would still be a long term uptrend?

If as you seem to think, Bitcoin is a bubble, you should make that plural. There have been lots of Bitcoin "bubbles" and it's still early in the adoption curve.

I tend to agree with Risto that Bitcoin is nearly finished with the Innovator stage and is almost ready to move on to the Early Adopter stage.

As for the use of log charts versus linear, you do realize that s-curves are generally parabolic until they go vertical, don't you? Eventually with saturation, the curve will bend the other way.

If anything, the use of linear charts is misleading to those who can't read a chart.

to the moon!!! Mmmmmmm beer.... Beer...

[BusyBeaverHP]

The sell orders are starting to stack up on bitstamp and bitfinex.... and it seems to be hitting a brick wall @ 260.

The trend is about to move down again and follow course.

The only thing that's going down is your mom. Thanks for your coins 

^--- BA-DUM TISH!!! 

[tarmi]

yes, time to dump those coins into billyoje face.

[Morecoin Freeman]

Is this little pump over the last few days based on any good news?

Or have weak hands finally been shaken out and more people are beginning to HODL?

It's a (short term) technical breakout (out of the bitstamp pennant) so it means price is pumping at least for a while. It's not a mistery. Doesn't have to do with news.
It could be already over or could still go a little bit higher. It it goes higher next target is probably $275 or something.

Long term still looks bearish to me.

Are you going to short this pump?

I'm not trading bitcoin right now.

But no I wouldn't go short now, seems risky (because it  could go a little higher for now). I would probably start to take profit on exchange (only sell coin) if you bought at like $220-$230. But that's because I don't trust these short term pumps that much and I am still bearish long term.

I would maybe open some shorts if it goes to $275 right away and it starts to show clear signs of weakness. But not before.

Ah ok thanks for your reply. I'm debating shorting since $250. Watching for now.

[ChartBuddy]

Coin
Explanation

[Xiaoxiao]

Or so you hope.  So funny watching all the "Oh BTC dead crowd" go quiet and make dumb comments.

When did I become part of the BTC is dead crowd.  I am just saying that it will likely continue to follow the long term trend until we see a real reversal, but its gotta go sideways for a long long time before a reversal of the long term trend.