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

[Elwar]

Any prediction about the price in 2 months? Going up or going down?

$525 in 2 months

[FrostStick]

Any prediction about the price in 2 months? Going up or going down?

$525 in 2 months

No come on..... I'm hoping for it to stay the same so when I get that GBP I'll buy a decent amount

[ChartBuddy]

Coin



Explanation

[elite3000]

Any prediction about the price in 2 months? Going up or going down?

Going up, quote me

Alright  Let's hope your prediction is correct.

i also think it will go up not only in 2 months, but also before this month ends i can see 500 peeking once again before november ends, just keep the faith

[Parazyd]

This is 2013 all over again

[Globb0]

Almost the weekend now.

[JayJuanGee]

Since we seem to be having a little bit of a slow time in wall watching  (even though there seems to be quite a bit of volume and up and down price pressure in this $320- to $340 range), Can someone explain the meaning of the new bar below chart buddy? 

What is it?  What does it mean? 

Maybe 24 hour volume somewhere? bitstamp? or something else?

[jaberwock]

This is 2013 all over again

More like than the 2013 pre or inter bubbles stagnation period than the bubbles periods it selves.

But still good, at least we know where the floor is and are rising, even if slowly

[3x2]

Any prediction about the price in 2 months? Going up or going down?

$525 in 2 months

seems legit 

[ghandi]

I'm shorting this horse down to double digits!

[Globb0]

Since we seem to be having a little bit of a slow time in wall watching  (even though there seems to be quite a bit of volume and up and down price pressure in this $320- to $340 range), Can someone explain the meaning of the new bar below chart buddy? 

What is it?  What does it mean? 

Maybe 24 hour volume somewhere? bitstamp? or something else?

Its counting down the blocks until halving.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

This is 2013 all over again

More like than the 2013 pre or inter bubbles stagnation period than the bubbles periods it selves.

But still good, at least we know where the floor is and are rising, even if slowly

I am a bit unclear of your reference jabber?  We got considerable action going on right now that has been building since mid-August, right before (and likely including the $198 low of that time).  The trend has been up since then and the volume up and in recent weeks it only got more explosive with the move to $500. 

Surely this could all die with little to no fanfare, but that is too big of an assumption to make at this point because there continues to be too much underlying rumblings, like plate techtonics... and even we do not see a lot of price movement, the battle is continuing.  No one really can predict exactly which way it is going to go, but after it goes, many will likely be asserting that they called that one.. etc etc etc... yeah, right?  There are too many variables and with this much increase in volume, even the whales may be having some difficulties containing prices in certain ranges. 

I have been thinking about various strategies that they can employ to mostly play stamp.. and surely their strategies can be profitable at various price levels.  I just wished that more ways will evolve in order that it is more difficult for the whales to manipulate, and it seems that the best solution is to cause the price to go up 10 or 100 fold in order that it becomes much more costly to attempt to engage in such manipulations, and thereafter they may decide to just retire or something and let the markets be more free flowing and less dominated by a few insiders.

[n3o111]

I'm shorting this horse down to double digits!

Good luck wasting money.

[ChartBuddy]

Coin



Explanation

[andulolika]

Price going crazy lately, should be buying as much as possible because surprises are nice :p.

[Tzupy]

2h PSAR flipped to bearish on BTCChina and Bitfinex.

Seems to be an unreliable indicator

In this case, it was misleading... Oh shit...

Your short term technical indicators have no power here. 

Well done, bulls... You made me close my short at a loss, but fortunately I didn't buy into this fools' mini-rally.
Failure to break resistance IMO will result in the formation of a larger triangle that will break down in a couple of days.  

[noobtrader]

2h PSAR flipped to bearish on BTCChina and Bitfinex.

Seems to be an unreliable indicator

In this case, it was misleading... Oh shit...

Your short term technical indicators have no power here. 

Well done, bulls... You made me close my short at a loss, but fortunately I didn't buy into this fools' mini-rally.
Failure to break resistance IMO will result in the formation of a larger triangle that will break down in a couple of days.  

omg what happened, u didnt short at 340

[ChartBuddy]

Coin



Explanation

[ghandi]

I'm shorting this horse down to double digits!

Go all in and tell your friends also. Rocket needs more shorts.

All my friends think i'm crazy for speculating on this Bitcoin thingy since 2011