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

[Hunyadi]

Everyone's eyes should be glued to the charts at this pivotal point.

Could you elaborate more please.

Daily and weekly Bollinger bands are at the tightest levels they've been at for years. This is in addition to the volume flattening out over a long time. A breakout here is likely to set the tone for the coming weeks and months.

Considering that daily PSAR is bearish and daily MACD turned negative, while price is hugging the lower daily BB, the likely scenario is bearish.

Bearish scenario is too obvious...so up UP! 

[ChartBuddy]

Coin
Explanation

[inca]

Lots of bears waiting to click the margin sell button..lol

Off to the gym. Let's see some real shock and awe please.

Oh and Jammalayan: confusing your own poor disposable cashflow with everyone being poor and having no ability to buy a few coins a week is pretty stupid considering the distribution of wealth on this forum! Take off your blinkers!

Edit: love that 554 coin wall on finex..

[Wandererfromthenorth]

Soon™





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



 

[inca]

Wall to disappear in 3 2..

[Fatman3001]

I wouldn't mind a bounce to $600-$850 right now.

[inca]

Non nom nom

And given up

[Meuh6879]

[yefi]

Soon™





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



 

I await the re-emergence of the Beast from his slumber. Brimstone shall rain from the skies like spears and great chasms swallow the weak like strumpets.

[LFC_Bitcoin]

So the Gavin 'news' has devastated the bitcoin community & sent the price into free fall.
Free fall to the tune of 5 whole US dollars.
Oh no, whatever will we do, bitcoin is dead, double digits incoming etc etc, 'insert more pathetic FUD, sinking ships, ponies'.
Somebody wake me up if there's actually anything to worry about.

[inca]

So the Gavin 'news' has devastated the bitcoin community & sent the price into free fall.
Free fall to the tune of 5 whole US dollars.
Oh no, whatever will we do, bitcoin is dead, double digits incoming etc etc, 'insert more pathetic FUD, sinking ships, ponies'.
Somebody wake me up if there's actually anything to worry about.

No one has a crystal ball but if bitcoin is failing then why are companies investing hundreds of millions into the space? Why would NY be about to issue regulation? Why would a top tier regulator be about to open a virtual currency consulting firm?

If bitcoin is actually fine and is going to rally this year then this looks like a pretty fabulous entry!

Ediy: missus finally ready..gym!

[Fatman3001]

So the Gavin 'news' has devastated the bitcoin community & sent the price into free fall.
Free fall to the tune of 5 whole US dollars.
Oh no, whatever will we do, bitcoin is dead, double digits incoming etc etc, 'insert more pathetic FUD, sinking ships, ponies'.
Somebody wake me up if there's actually anything to worry about.

It's the middle of the day. I didn't know scousers took siestas.

[luckygenough56]

I FEEL BEARISH

[alani123]

Scariest thing right now is the volume, let's hope the outcome isn't going to be bearish.

[Fatman3001]

Scariest thing right now is the volume, let's hope the outcome isn't going to be bearish.

It sure ain't healthy.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

"From February 6, 2011 to July 23, 2013 there were approximately 1,229,465 transactions completed on the site. The total revenue generated from these sales was 9,519,664 Bitcoins, and the total commissions collected by Silk Road from the sales amounted to 614,305 Bitcoins. These figures are equivalent to roughly $1.2 billion in revenue and $79.8 million in commissions, at current Bitcoin exchange rates...",

Not really sure but its def in the tens of billions per year.

Thanks!

Also there is a bigger shadow economy operating on the darkweb, worth hundreds of billions, the users include, big pharma corps/politicians/businessmen/bankers and lords of war. They turnover more than the world economy every year.

Hundreds of billions is still tiny compared to the world's economy.  Visa alone processes trillions of dollars in payments per year.

[Fakhoury]

I FEEL BEARISH

Why ?

I guess there is something happening in the backstage and I don't know it yet, com'on people, I'm a Bull and I want to understand what is going on 

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation