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

[natewelt]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

Thanks for confirming once again I am wasting my time on this forum.

ok, awesome chart you got there! you must be a TA expert or something?

I'm genuinely trying to post helpful stuff here so you might wanna cool the sarcasm. With that said, I don't claim to be an expert, but when I look at candlestick charts I see patterns almost instantaneously just because I've done it for so many years in the stock market. Patterns repeat themselves A LOT which is what I've learned.

So as of now it looks like we are bouncing off the EXACT level I told everyone to watch out for. If we can stay above the upper trend line then the 273 high will be taken out very quickly IMO. Also Stamps bid wall is looking much much more impressive than it normally does. Seems like buyers are gaining confidence as we hold these levels.

[ChartBuddy]

Coin

Explanation

[ChartBuddy]

Coin

Explanation

[ChartBuddy]

Coin

Explanation

[ChartBuddy]

Coin

Explanation

[noobtrader]

i think we stuck at 265-270 until christmas  

[peonminer]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

Thanks for confirming once again I am wasting my time on this forum.

ok, awesome chart you got there! you must be a TA expert or something?

I'm genuinely trying to post helpful stuff here so you might wanna cool the sarcasm. With that said, I don't claim to be an expert, but when I look at candlestick charts I see patterns almost instantaneously just because I've done it for so many years in the stock market. Patterns repeat themselves A LOT which is what I've learned.

So as of now it looks like we are bouncing off the EXACT level I told everyone to watch out for. If we can stay above the upper trend line then the 273 high will be taken out very quickly IMO. Also Stamps bid wall is looking much much more impressive than it normally does. Seems like buyers are gaining confidence as we hold these levels.

I lol'd. Chart prediction looks very similar to

EURO (high volume ... good).










STAY or sell ...

I commend you

[JayJuanGee]

i think we stuck at 265-270 until christmas  

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

[noobtrader]

i think we stuck at 265-270 until christmas  

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

[JayJuanGee]

i think we stuck at 265-270 until christmas  

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

You still have provided little to NO rationale for your assertion.

There is a lot of volume and even record breaking in some perspectives  - also the mere fact that BTC prices have been largely floating in the $260s for the past few days, provides little rationale that they are likely to remain here.  I could see some foundation in your statement if the volume were a lot lower or if the price had been at this point for a lot longer.

Neither the fed auction nor the holidays would significantly impact some price break-out, because there are other potential overriding forces that seem to be brewing... and people seem to becoming generally more interested in getting involved in bitcoin, in spite of upcoming holidays

[ChartBuddy]

Coin

Explanation

[noobtrader]

i think we stuck at 265-270 until christmas  

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

You still have provided little to NO rationale for your assertion.

There is a lot of volume and even record breaking in some perspectives  - also the mere fact that BTC prices have been largely floating in the $260s for the past few days, provides little rationale that they are likely to remain here.  I could see some foundation in your statement if the volume were a lot lower or if the price had been at this point for a lot longer.

Neither the fed auction nor the holidays would significantly impact some price break-out, because there are other potential overriding forces that seem to be brewing... and people seem to becoming generally more interested in getting involved in bitcoin, in spite of upcoming holidays

yes, but according to chart it was reasonable to cool down market because we already saw steep increase already. nevertheless i expect 311 in late dec and 400+ through halving.

that if whale agree with me... 

ps: last time i called 268 as target, teh whale agree with me 

[JayJuanGee]

i think we stuck at 265-270 until christmas  

What's your basis for that statement, and what exchange are you using?

Seems to be a kind of FUD-ish assertion without much if any foundation to justify it.

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

You still have provided little to NO rationale for your assertion.

There is a lot of volume and even record breaking in some perspectives  - also the mere fact that BTC prices have been largely floating in the $260s for the past few days, provides little rationale that they are likely to remain here.  I could see some foundation in your statement if the volume were a lot lower or if the price had been at this point for a lot longer.

Neither the fed auction nor the holidays would significantly impact some price break-out, because there are other potential overriding forces that seem to be brewing... and people seem to becoming generally more interested in getting involved in bitcoin, in spite of upcoming holidays

yes, but according to chart it was reasonable to cool down market because we already saw steep increase already. nevertheless i expect 311 in late dec and 400+ through halving.

that if whale agree with me... 

ps: last time i called 268 as target, teh whale agree with me 

You are correct that sometimes consolidation comes into play after periods in which the sides seem to be battling, yet the price is NOT really moving, and this could be one of those times.

Even though several of us who are bullish regarding would welcome some additional upward price action, several of us also don't mind spending more time in these $200-ish territories in order to continue to accumulate BTC.   

[ChartBuddy]

Coin

Explanation

[ChartBuddy]

Coin

Explanation

[Lauda]

i think we stuck at 265-270 until christmas  

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

[hdbuck]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

[Fatman3001]

BTC-E is pushing up the rear. Up?

[noobtrader]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

thats good, bear can fuel the next rally then 

[hdbuck]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

thats good, bear can fuel the next rally then 

or at some point, better cash in some profits.

then business as usual: rinse and repeat.