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

[Frozenlock]

More TA bullshit then, for the interested:

The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle

[1715544500]

1715544500

[1715544500]

1715544500

[fitty]

The market has absorbed all the recent investment and news, so the next 3 months may well be like the last three months of 2012. A gentle track with an upward bias, depending upon the success of the v0.8.1 deadline, and the conference this month too.

I have no idea where the Bitcoin market is going, but I'm pretty sure it's not going to be gentle.

[hlynur]

some bear couldn't hold it any longer and took a big dump

[Jaques]

nearly half way down to 106 ...

[Miz4r]

Finally some action, let's see who comes out on top, bear or bull?

[UltimateReaper]

Are you legit autistic?

As a 'legit' autistic I don't think you know what that means.

I was half referencing 4chan and half serious.

[ChartBuddy]

[MickeyT2008]

Has everyone gone?  Is it just me and ChartBuddy here now? 

[Frozenlock]

Has everyone gone?  Is it just me and ChartBuddy here now? 

Nothing's gonna happen before the coinapolypse.

[Nightowlace]

Anyone care to place a friendly wager on the "coinageddon"?

I say we all make our prediction, deposit .1 BTC with John K and the winner gets the pool.

So it will look like this

May 11, 2013 by 11:59 PM EST Coins hit a low of ______________

Rules;

Prediction must be announced here: https://bitcointalk.org/index.php?topic=199596.new#new

[Frozenlock]

Isn't this assuming the price is going down?

[fitty]

Isn't this assuming the price is going down?

I was going to put a low of $200.16. Maybe I didn't read the question right. :p

[ineededausername]

We may be entering an September-December 2012 sort of situation.  Some panics, but the concept of "panic" is just a drop from resistance to support, and we trade in a relatively narrow range of, say, $80-$120.

I see bid depth going way up, although most of it is far below current price.  Ask depth is also very good.  This indicates a potential prolonged period of relative stability to me.

[ineededausername]

Shot from the era of stability:

Imagine we are at $11 in that picture.  That's 30k BTC down to $10, which is similar support to what we currently have.

[solex]

Shot from the era of stability:

Imagine we are at $11 in that picture.  That's 30k BTC down to $10, which is similar support to what we currently have.

Agreed. The main difference now is that I would remortgage my house to murder a $12 ask wall 

[hlynur]

damn watched some tv and still nothing happening...

ehr...i mean GOOD, i love it for the sake of stability

good night chartbuddy...

[ChartBuddy]

[Nightowlace]

Isn't this assuming the price is going down?

I was going to put a low of $200.16. Maybe I didn't read the question right. :p

It is whatever you think the low will be. If you are reptilia you will post $300,000

[oroboras]

Going down???

[fourkey2001]

Going down???

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