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

[oroboras]

If I sell now, you can guarantee the drop will stop. Immediately.

[Ultraviolet]

Not a lot of bounce back when testing 110.

[fourkey2001]

If I sell now, you can guarantee the drop will stop. Immediately.

sell now. unless u want to be with a loss

what price did u buy at?

110 tested

[fourkey2001]

If I sell now, you can guarantee the drop will stop. Immediately.

sell now. unless u want to be with a loss

what price did u buy at?

110 tested

110 broken next is 105

[Richy_T]

You guys and gals are driving like this:



The excitement was in the past. That triangle completion will be a big "ho hum".

This is all TA bullsh*t in a nutshell.

I agree. But I just though Coinageddon!!! (Now with added exclamations) would be a bit of a larf (innit?)

[Frozenlock]

Is http://bitcoin.clarkmoody.com/ bugging out for anyone else?

[fourkey2001]

Is http://bitcoin.clarkmoody.com/ bugging out for anyone else?

there is a lag

[Richy_T]

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

It's usually drawn as a triangle. But as someone with a physics background, I see it like this:

[Richy_T]

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

Pfft. We won't ever see below 320,000 again!

[Richy_T]

If I sell now, you can guarantee the drop will stop. Immediately.

Buy and sell with a plan. Your emotions will f*ck you over. Royally.

[Frozenlock]

As the old saying says:

Disregard emotions, acquire BTCs.

[Nightowlace]

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

[solex]

It's usually drawn as a triangle. But as someone with a physics background, I see it like this:

Right. But an alteration is required to reflect markets being different from analogue wave-forms. The Y-axis can't go below zero, so the quiescent state is at some positive value. For Bitcoin, during the first oscillation it was $115.34, the 2nd it was $114.66 and the last it is $110.36 (as it changes with time).

[Nightowlace]

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

Scratch that buys are coming in strong for 109

[fourkey2001]

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

Do it... and then together we buy 500!!

[smoothie]

If I sell now, you can guarantee the drop will stop. Immediately.

Buy and sell with a plan. Your emotions will f*ck you over. Royally.

if you learn one thing from speculation...THIS ^ should be it.

Take emotion out of it.

[Nightowlace]

Looks like if I dropped 126 coins on gox right now I could bring the price to 108 and make 1 BTC. I wonder how many times I could do that right now? 3-4? Thoughts?

Do it... and then together we buy 500!!

I'm so tempted. I am watching the orders right now.

[ChartBuddy]

[Frozenlock]

Time to sell little Goomboos 

[SlipperySlope]

Looks like a definite change of trend. Give a few more hours to confirm direction. More volume on the downside would also be expected if this is a major move.