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

[Miz4r]

Things are starting to move now, hold onto your hats ladies and gentlemen.

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[just1nmc]

Is the U.S. the only one trading on gox lately? Lol, absolutely nothing happened the whole time they were asleep and now we're at $129.5 when they start to wake up.

[DougTanner]

Bids continue to pile up. Asks as well, but much fewer.



And now some action. Whoever is doing these big morning buys is waking up at the same time I am  



Uh, daaaaammmmnnnn.



And through.



And up and away.

[Zomdifros]

Someone just bought over 5k BTC in one move. The smart money is taking it's position to prepare for the next great bull market.

[Missionary]

Yiiiiiiiihhhaaaaa!

[just1nmc]

Well that didn't last long  

[BadPenny]

That $130 wall just got wrecked.

[Mouser]

$132.45 and rising (for now). Correction soon.

[Missionary]

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

[oakpacific]

These are taken from the old Wall Observer thread:
April 3:

Haven't seen Loaded around for quite some time.

April 7:

Wild week ahead...

April 9:

This is only the beginning.

April 10: Crash!
Recently:

This week is gonna be fun.

Why should I welcome you, Loaded Stormcrow?

A just question, my liege. Late is the hour in which this venture capitalist chooses to appear. "Lathspell" I name him. Ill news is an ill guest.

Maybe Loaded just got furious because of your comment, now repent before you feel his wrath.

[el_rlee]

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

Shall I sell my BTC, that would make the price explode for sure!

[Missionary]

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

Shall I sell my BTC, that would make the price explode for sure!

I find these indicators to be the most reliable, far better than all the TA. My theory is: "The price moves in the direction that creates the most grief for the highest amount of people."

[Morblias]

Alright guys, I just sold some at $132. This means the price will be ~$200 by the end of the week.

You're welcome.

[DougTanner]

Round 2 is starting.



The smaller fish have noticed and have started noming.

[hannesnaude]

$115 never again, takers?


Reasoning:

I have charted the spot_price/ATH price over Jan-Mar, and I think the rally has already resumed. You can offer to bet with quite good odds that we will never cross 0.95*previous_ATH. And you win the bet with a surprisingly good probability. Chart it yourself, lol. I almost always bought at ATH during those months, since it was the least risky entry point.

The supply of people that think that we are in a bubble/denial/bear market/correction/consolidation/younameit is dwindling, and it's dwindling fast. Especially their economic share of the market is about to be crushed if they do not buy back soon.

Do you still see the people that sold out in February? Where are they? LOL, they made their $10k and are out for good. The next time they will hold bitcoins is when they receive their salary.

Any takers? 

Yeah sure, I'll take that bet at even odds. If at any point in the future, the price drops below $115 you pay me 1000 BTC. If not, I pay you 1000 BTC. 

[smoothie]

$115 never again, takers?


Reasoning:

I have charted the spot_price/ATH price over Jan-Mar, and I think the rally has already resumed. You can offer to bet with quite good odds that we will never cross 0.95*previous_ATH. And you win the bet with a surprisingly good probability. Chart it yourself, lol. I almost always bought at ATH during those months, since it was the least risky entry point.

The supply of people that think that we are in a bubble/denial/bear market/correction/consolidation/younameit is dwindling, and it's dwindling fast. Especially their economic share of the market is about to be crushed if they do not buy back soon.

Do you still see the people that sold out in February? Where are they? LOL, they made their $10k and are out for good. The next time they will hold bitcoins is when they receive their salary.

Any takers? 

Yeah sure, I'll take that bet at even odds. If at any point in the future, the price drops below $115 you pay me 1000 BTC. If not, I pay you 1000 BTC. 

lol lovely odds

[SlipperySlope]

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

Shall I sell my BTC, that would make the price explode for sure!

I find these indicators to be the most reliable, far better than all the TA. My theory is: "The price moves in the direction that creates the most grief for the highest amount of people."

Right! Financial markets are zero-sum games. If a trader makes a profit, there is a corresponding loss somewhere else. Pareto's Principal, I think applies to the proportion of traders that profit the most, i.e. 20% of traders make 80% of profit. Accordingly, most traders suffer - they may profit but not as much as the 'average'.

[Rockford]

Sent money to the exchange today. Prices are bound to go up with at least 25% the next 2 days with my luck.

Shall I sell my BTC, that would make the price explode for sure!

I find these indicators to be the most reliable, far better than all the TA. My theory is: "The price moves in the direction that creates the most grief for the highest amount of people."

Right! Financial markets are zero-sum games. If a trader makes a profit, there is a corresponding loss somewhere else. Pareto's Principal, I think applies to the proportion of traders that profit the most, i.e. 20% of traders make 80% of profit. Accordingly, most traders suffer - they may profit but not as much as the 'average'.

isn't that why we love our bears so much?

[el_rlee]

what caused the "crash" when it went to 136 on the 19th?

[DougTanner]

Triangle spotted. Ooops, I drew the volume line in the wrong spot, but whatever.



It was a bullish triangle!