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

[LFC_Bitcoin]

I thought we might fall to around 255-260. It's good to see the price consolidating above 260 though, if we spend another 24 hours above 260 then we may have found a new bottom, for the short - medium term at least.

Anybody agree?

[ChartBuddy]

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[rjclarke2000]

I agree with this. It's not much but it's something!

[ElectricMucus]

Sources? lel.

I'm sure they weren't just knocked up to be dropped in the wall observer thread. It does look like fairly wild speculation but I'd like to read more.

It's from a wishful thinking "hypothetical", in small text article from the XT cult.

[Fatman3001]

Sources? lel.

I'm sure they weren't just knocked up to be dropped in the wall observer thread. It does look like fairly wild speculation but I'd like to read more.

It's from a wishful thinking "hypothetical", in small text article from the XT cult.

But isn't it good that someone is doing some thinking, wishful or otherwise?

[Blazin8888]

Loving this price ! I think BTC will continue to rise until the halving next year!

[Christianne_Gottlieb]

Loving this price ! I think BTC will continue to rise until the halving next year!

Yeap, just like your BitShares went to the moon.

[billyjoeallen]

I saw the price is still stay in 264.84$. Yesterday and today still the same.. I will wait next week if the bitcoin price will rise..

Below  is a decent short article summarizing the current BTC price dynamics and giving a summary assessment regarding whether BTC prices will rise in the near future to meet a potential $300 price point. 




http://www.newsbtc.com/2015/10/19/bitcoin-price-technical-analysis-headed-for-300/


By the way, waiting until next week  doesn't help you if there is a price movement this week. ..... hahahahahahahahahahahaha

That depends on which way the price moves, doesn't it?

[ChartBuddy]

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[JayJuanGee]

Sources? lel.

I'm sure they weren't just knocked up to be dropped in the wall observer thread. It does look like fairly wild speculation but I'd like to read more.

It's from a wishful thinking "hypothetical", in small text article from the XT cult.

Even if it is wishful thinking, is there a link for such article? 

One question would be if it is based on actual facts and another thing is if it is a projection.

If it is a projection, then the question may be what needs to happen in order for the projection to occur.

For example, if pigs would have to fly in order for the projection to occur, then it is NOT very likely to occur.   On the other hand, if it only required some kind of realistic and probable events to occur (such as BTC price reaching $300 and/or transactions per day reaching 300 thousand and/or hash rate reaching blah blah blah,  then it would become more likely that the outcome is feasible and or reasonable to occur). 

ON the other hand, I know I am running out of hands, when the outcome relies on the behavior of other humans, then it becomes more of a political question rather than a question of math or inevitability (because humans are NOT always very predictable in their conduct, especially when they are either attempting to be controlled or when they are told that the outcome is inevitable, they may do the opposite, just to prove the point).

[JayJuanGee]

I saw the price is still stay in 264.84$. Yesterday and today still the same.. I will wait next week if the bitcoin price will rise..

Below  is a decent short article summarizing the current BTC price dynamics and giving a summary assessment regarding whether BTC prices will rise in the near future to meet a potential $300 price point. 




http://www.newsbtc.com/2015/10/19/bitcoin-price-technical-analysis-headed-for-300/


By the way, waiting until next week  doesn't help you if there is a price movement this week. ..... hahahahahahahahahahahaha

That depends on which way the price moves, doesn't it?

The article, in no way suggests price movement in either direction, it only describes some of the current price dynamics and how we got here, which I believe is a fairly safe assessment.

Also, I believe that part of the point of my earlier post was to highlight the fairly ridiculous premise of earlier assertion that the poster should wait a week in order to decide what to do about his/her bitcoin...

Waiting until next week is all fine and dandy if this week ends up being an uneventful week in bitcoinlandia and full of consolidation-like price activities.

On the other hand, merely because there seems to have been a couple days gravitation towards lower $260s does NOT signify that BTC prices are going to stay in this range throughout this week.

It is possible, that we could experience some consolidation while bears and bulls reassess their positions - yet sometimes it could take only a few extra active and motivated whales to cause the volume to once again increase and the price to move - either way..... especially during the week, when there is a real decent ability to quickly put some fiat onto various exchanges.

[Meuh6879]

Sources? lel.

Could you link to the source for these. I think it would be an interesting article.

https://bitcointalk.org/index.php?topic=1162684.msg12613626#msg12613626

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Tzupy]

Carl Force sentenced to 78 months in prison.
http://arstechnica.com/tech-policy/2015/10/corrupt-silk-road-agent-carl-force-sentenced-to-78-months/

[ChartBuddy]

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[Meuh6879]

EURO (high volume ... good).










STAY or sell ...

[ChartBuddy]

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[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.