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

[oda.krell]

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.



Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

[Crazy]

Zuckerberg says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

To FB? For what? So I can pay them to show me more useless posts from my friends?

[Richy_T]

when the charts are flat this forum reminds me of school just a wee bit

I haven't been watching the charts but I think they're likely not that flat. I think Gox is feeding bad data.

[cedivad]

Zuckerberg Palihapitiya says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

[telemaco]

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

[cedivad]

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news

[phoenix1]

Zuckerberg Palihapitiya says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

Bitcoin invested Venture Capitalist says ...

[Richy_T]

when the charts are flat this forum reminds me of school just a wee bit

I haven't been watching the charts but I think they're likely not that flat. I think Gox is feeding bad data.

Confirmed. Every dataset retrieved for that hour is identical. I'll have to find a way to flag that.

[Rampion]

Zuckerberg Palihapitiya says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

Bitcoin invested Venture Capitalist says ...

Yeah, he may be feeding the hype so he can sell higher

[Richy_T]

Zuckerberg says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

To FB? For what? So I can pay them to show me more useless posts from my friends?

What is the going rate for smurfberries in mBTC?

[Jaques]

Get out of your losers quickly and run the winners as long as you dare IMO
Whatever your intended profit is, the stop loss should be considerably less than that.

Anyone agree with this ?

yes, as it is a standard advice for trading ...

[micalith]

when the charts are flat this forum reminds me of school just a wee bit

I haven't been watching the charts but I think they're likely not that flat. I think Gox is feeding bad data.

No, Gox is fine. I meant flatish, as in not rising or falling notably. 100-110 limbo cold war calms...

[KillaMarci]

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.



Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

[telemaco]

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news

Sorry man I took less than a minute to correct the post.  I guess I was so impressed by an initial article scan that did not pay attention

[telemaco]

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.



Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

[KillaMarci]

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.
Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

The 11th. day of May shall be known as Bitcoin Doomsday from now on.

[telemaco]

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.
Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

The 11th. day of May shall be known as Bitcoin Doomsday from now on.

Or maybe the, Mysterious Triangle of the Bitcoin

[zby]

EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?

Looks like a bearish pennant.

[phoenix1]

Yup. I'm watching these triangles form and agree that they forecast some further consolidation followed by the start/continuation of the next trend
Exciting times coming  

[Rampion]

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news

Sorry man I took less than a minute to correct the post.  I guess I was so impressed by an initial article scan that did not pay attention

I think he is joking - irony, sarcasm, etc.

Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish.

Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it.