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

[NotLambchop]

*Good morning, gentlemen!

[sleger]

Support at 270 seems to be rock solid 

Great timing !

[betterangels]

just bought some btcs... and then :

sub $260



How do I prepare my anus... someone can help me??  

[ssmc2]

I picture Lambie and his ilk still posting ridiculous pics like the one above when we have drops from 3500 to 2500 or 10k to 7k lmao  

[YourMother]

I like how everybody disregarded that 50000 BTC auction that is about to happen in approximately 48 hours. I'm so impatient to see the post dumpage that i've been sleeping alot lately.



He's ready to tap that ass

You see that 201 ? We are heading to that numba, ma dumbski bulltards

[Tzupy]

Look at this wonderful cup&handle pattern.



Target is $380 within 3 weeks from now. Write this down and check back later.

Quoted for checking 3 weeks from now.

[Silverspoon]

I picture Lambie and his ilk still posting ridiculous pics like the one above when we have drops from 3500 to 2500 or 10k to 7k lmao  

I suppose your inevitable poverty won't bother you much--with such rich fantasy life & all

[ChartBuddy]

Coin
Explanation

[oda.krell]

Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.

Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.

[Swordsoffreedom]

Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.

Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.

That has been the pattern for a year or so
Drops then higher lows followed by a rise up then a drop again to a new low area before that pattern roughly repeats
Kind of curious though when that trendline will be broken

[ssmc2]

Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.

Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.

It looks to me to be playing out very similarly to the 63 bottom of 2013...

[Ultros]

The owl deployment's figure is a clear sign of medium-term toppishing. I'm afraid we're not done heading down gentlemen. (or something)

[oda.krell]

Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.

Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.

That has been the pattern for a year or so
Drops then higher lows followed by a rise up then a drop again to a new low area before that pattern roughly repeats
Kind of curious though when that trendline will be broken

On the larger scale, sure. It's a bear market we're in, after all But I'm talking about the January trend alone, so no new low (yet). And right now, I see more signs for consolidation + (upwards) continuation than reversal of the local trend from January.

[NotLambchop]

The owl deployment's figure is a clear sign of medium-term toppishing. I'm afraid we're not done heading down gentlemen. (or something)

Owl nice, I like

[atlosas]

This owl is actually head and shoulders pattern which indicates downtrend in the short term.

[JimboToronto]

Good morning Bitcoinland.

We finally got a red daily candle after a week of fairly steady rise and I see the silly little bears are picnicking again.



So much pent up frustration after cowering in their caves dump for a week.

 

[damiano]

similar no?

[okthen]

The owl deployment's figure is a clear sign of medium-term toppishing. I'm afraid we're not done heading down gentlemen. (or something)

Best.graph.drawing.ever!!

[JorgeStolfi]

What time do auction details get released?

The USMS is receiving the bid forms today.  Tomorrow they will notify the winners, privately.  Monday the winners must issue a bank wire for the full amount (minus their deposit). If any winners fail to pay on Monday, the USMS will keep their deposits and may give the opportunity to the to the next unsatisfied bidders; which of course will have another day or two to pay.  Once all winners have paid, or the USMS workers get bored, the USMS will move the coins to the winners' blockchain addresses, and will notify the losers, returning their deposits.

Like last time, the USMS may release some information at the end of today about the number of bidders and bids received, and, in due time, how many distinct winners there were.  As in previous times, they will not reveal the price fetched by each lot, nor the identity of the winners. (User @BurtW submitted a FOIA request to know the price fetched at the first auction, but I heard nothing more about it.)

In the two previous auctions, SecondMarket organized syndicates (associations) of small bidders who could not afford a whole 2000 or 3000 BTC lot.  (They lost in the first auction, and won 48'000 or the 50'000 in the second one.) I haven't seen any news of them forming such a syndicate this time.  (Perhaps they felt that such a syndicate could take potential investors away from their BIT/GBTC fund?)

[NotLambchop]

Good morning Bitcoinland.