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

[spooderman]

where's tera these days?

[Spaceman_Spiff]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

[JayJuanGee]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea. 

[Spaceman_Spiff]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea. 

In any case the only sensible thing to do is hold. Maybe sell a small portion (permanently) if you think you need the money. You can't really trade because the exchanges suck and have low volume and it's so hard to predict a move or re-entry point, and your gain is unlikely to exceed taxes.

[Ted E. Bare]

China nearing 950$, go bitcoin go!

[JayJuanGee]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea.  

In any case the only sensible thing to do is hold. Maybe sell a small portion (permanently) if you think you need the money. You can't really trade because the exchanges suck and have low volume and it's so hard to predict a move or re-entry point, and your gain is unlikely to exceed taxes.

I don't think that the only reasonable approach is to HODL.... I do think HODL and accumulate is a reasonable approach, but it is not the ONLY reasonable approach.

[Tzupy]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

[Spaceman_Spiff]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

You know what it means when even Tzupy gets bullish  .

[Tzupy]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

You know what it means when even Tzupy gets bullish   .

Flipped now on OKCoin too. This could mean a new major leg up, or that we are close to the top of the current leg up and a sizable correction will follow soon.

[spooderman]

oh shit here we go boys

[600watt]

nope

[JayJuanGee]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal must be rubbing off on you with the numerology thingie majiggie.

hahahaha  

No numerology bro.   Just pointing out an odd coincinence.

I like logic and mathematics. That's why I like Bitcoin.

In the past day or so, I have been becoming a bit more nervous about whether we are going to witness a bit of a correction from the recent uptrend.  

Sure we got a 7% correction in the past couple of days from $920 to $860, and as I type, we are nearly back up to $920 again, but I guess I remain a bit nervous about whether more upwards price movement can continue without either some flat or some additional correction.  

We will see in the coming days (or hours when we break through $920) whether the upwards BTC price pressures is more bullish than my current trepidations.

I am also too chicken shit to cash out anything more than my normal practice of ongoing incremental and small cash outs as the price goes up... and then buying back on dips.  In recent days, I made several buy backs in the $860 to $900 price range... so yeah, my bitcoin holdings are continue to increase and they are greater than than they were the last couple of times that we visited $920, in the past couple of days.... ..

Edit:  If we go to $920 again in the coming hours and if we are able to surpass such, then maybe I will become a tiny bit more bullish about this current uptrend leg.. and then maybe $1,000 will be the next area of question?.....

Edit 2:   I may have to take back everything that I said (we are quickly at $920 and lots of coins are being gobbled up at the $920 price point).   Accordingly, it is now looking like uppity is in the current mix... and probably the next test of resistance will be $1,000 than ATH and then $2k and then will we make it into the $3 to $5k price arena before experiencing a considerable correction?   A correction seems like it would be good, but we don't seem to be inclined for such.

[Spaceman_Spiff]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

You know what it means when even Tzupy gets bullish   .

Flipped now on OKCoin too. This could mean a new major leg up, or that we are close to the top of the current leg up and a sizable correction will follow soon.

Now that's more like the bear I know.  Not like Ted E., the traitor of his kind who is only a bear in name  .

[rjclarke2000]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal must be rubbing off on you with the numerology thingie majiggie.

hahahaha  

No numerology bro.   Just pointing out an odd coincinence.

I like logic and mathematics. That's why I like Bitcoin.

In the past day or so, I have been becoming a bit more nervous about whether we are going to witness a bit of a correction from the recent uptrend.  

Sure we got a 7% correction in the past couple of days from $920 to $860, and as I type, we are nearly back up to $920 again, but I guess I remain a bit nervous about whether more upwards price movement can continue without either some flat or some additional correction.  

We will see in the coming days (or hours when we break through $920) whether the upwards BTC price pressures is more bullish than my current trepidations.

I am also too chicken shit to cash out anything more than my normal practice of ongoing incremental and small cash outs as the price goes up... and then buying back on dips.  In recent days, I made several buy backs in the $860 to $900 price range... so yeah, my bitcoin holdings are continue to increase and they are greater than than they were the last couple of times that we visited $920, in the past couple of days.... ..

Edit:  If we go to $920 again in the coming hours and if we are able to surpass such, then maybe I will become a tiny bit more bullish about this current uptrend leg.. and then maybe $1,000 will be the next area of question?.....

Edit 2:   I may have to take back everything that I said (we are quickly at $920 and lots of coins are being gobbled up at the $920 price point).   Accordingly, it is now looking like uppity is in the current mix... and probably the next test of resistance will be $1,000 than ATH and then $2k and then will we make it into the $3 to $5k price arena before experiencing a considerable correction?   A correction seems like it would be good, but we don't seem to be inclined for such.

That's quite an EDIT 2 JJG. I hope you are correct! Today looks to be a decent ride.

[julian071]

This price action certainly helps soothe my hangover.

[600watt]

NOW!

[spooderman]

nope

yep!

[JayJuanGee]

[edited out]

Edit 2:   I may have to take back everything that I said (we are quickly at $920 and lots of coins are being gobbled up at the $920 price point).   Accordingly, it is now looking like uppity is in the current mix... and probably the next test of resistance will be $1,000 than ATH and then $2k and then will we make it into the $3 to $5k price arena before experiencing a considerable correction?   A correction seems like it would be good, but we don't seem to be inclined for such.

That's quite an EDIT 2 JJG. I hope you are correct! Today looks to be a decent ride.
[/quote]

hahahahaha..

I am not saying that it is a done deal, but it is now seeming as if we have a pretty decent shot at $1,000 (thereafter we have the other price points that I mentioned).

Part of my problem with this whole situation remains the fact that we have not had a major correction since the lower $600s... so therefore, I am having to revise my thinking as we go and even sound a bit crazy and inconsistent in my various outbursts.

I do think that price movement is not predetermined, but if a certain set of events unfold, such as going all the way from $600 and passed $920 without a correction, then the next resistance point becomes $1,000,... and we still end up on a kind of precarious foundation because of the fact that we are still in a state of not having had experienced any major correction since before $600....

But who knows in Bitcoinlandia.. .. Bitcoin has a tendency to overshoot itself on a regular basis......

[600watt]

nope

yep!

wow

[spooderman]

5