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

[KillaMarci]

The 1 thing that I didn't want to happen actually ended up happening. We broke out upwards. I have been wrong all along with my predictions and I feel like a complete coward. No $60 coins.

Anyways, BULL-mode is ON! Let's get them coins going real good!

[Rampion]

The 1 thing that I didn't want to happen actually ended up happening. We broke out upwards. I have been wrong all along with my predictions and I feel like a complete coward. No $60 coins.

Anyways, BULL-mode is ON! Let's get them coins going real good!

I think than in this moment the wisest thing is to have a 50/50 strategy. You all know I'm not eager to sell any coins, I hate when I sell at the bottom and I end up with less - that's unacceptable in my book and I really feel like shit. But I didn't go all in - if it goes up, good enough. If it goes down, even better - more cheap coins for all of us.

[solex]

more wall.jpg and less text

Pardonnez-moi? I prefer PNG myself but what the hey.

PIC

Reach little Bitcoin, reach.

1.8% daily growth rate is too fast for more than a short-term/mid-term outlook (anything a few months or less). The equivalent annual return is 7400%, which would bring us to $80k per coin by May 2014. I guess Risto would support such notions...  

It *is* indeed a short/mid-term outlook

MBP. I think the log trendline using data back to Gox start (mid-2010) suggests the long-term return. It predicts $500 per coin by May 2014. Incredible but still credible if you see what I mean...

[muyuu]

The 1 thing that I didn't want to happen actually ended up happening. We broke out upwards. I have been wrong all along with my predictions and I feel like a complete coward. No $60 coins.

Anyways, BULL-mode is ON! Let's get them coins going real good!

Good thing you capitulate on time to get these sweet sub-$150 coins. Yeeehaa.

Choo choo motherfuckers.

[Rampion]

The 1 thing that I didn't want to happen actually ended up happening. We broke out upwards. I have been wrong all along with my predictions and I feel like a complete coward. No $60 coins.

Anyways, BULL-mode is ON! Let's get them coins going real good!

Good thing you capitulate on time to get these sweet sub-$150 coins. Yeeehaa.

Choo choo motherfuckers.

Man, you're killing me today muyuu. I gotta love you

[StarenseN]

Now the important question is whether America will back up this break out with some real volume when they wake up in 1-2hrs from now. Either we rally on, or people start taking their small profits and we go back down to 110-115.

I will say it again: I feel bullish. Too many good things are happening.

And no, I'm not all-in yet, so a bearapocalypse is welcome any time.

+1, time will tell, but the momentum is really interesting and exiting to follow.

[ChartBuddy]

[dexX7]

Bears are running low on ammo, what's happening bulls? I thought you had bigger balls and a consistent attack was about to happen.

I like to see things go more gentle. That way some backup (i.e. 2,3k @116) is guaranteed and there is less price oscillation when the rally pauses. There is indeed still some resistance ahead.

[lebing]

fyi, there's a short 2500btc+- sitting there to pop(buy order) .. probably when prices go to 120 ish..  let's find out

Where do you see this?

[ManBearPig]

more wall.jpg and less text

Pardonnez-moi? I prefer PNG myself but what the hey.

PIC

Reach little Bitcoin, reach.

1.8% daily growth rate is too fast for more than a short-term/mid-term outlook (anything a few months or less). The equivalent annual return is 7400%, which would bring us to $80k per coin by May 2014. I guess Risto would support such notions...  

It *is* indeed a short/mid-term outlook

MBP. I think the log trendline using data back to Gox start (mid-2010) suggests the long-term return. It predicts $500 per coin by May 2014. Incredible but still credible if you see what I mean...

Yes indeed. When we think in a linear scale $500/ $1,000 per coin seems high but the log charts bear out that a 4 figure price is only a question of time. We can't sustain another 10x rise yet but we saw that happen this year already.

[DougTanner]

Well, that stability didn't last.

[Rampion]

zzzzz... so sleepy....

[wonkytonky]

well you could eat the mini ask wall that's trying to get cheap coins ..

[rezurect]

US sentiment ? Profit taking or Upwards?

Volumes down.

[Rampion]

US sentiment ? Profit taking or Upwards?

Volumes down.

[ChartBuddy]

[fitty]

Hey Bears! *knock knock*

[phatsphere]

The Bitcoin market is more polar.
i.e.

Depending on the frequency of steps in the polar graph.

I've mastered Bitcoin trading with this pattern..... 

you can plot a slight variation over the complex plane in a much more insightful way:



code in Sage:

Code:

var('x y'); complex_plot((x*sin(2 * x^2)^3), (x,-2,2), (y, -2, 2), plot_points=300)

http://imgur.com/wYbFIHm

[phoenix1]

Hey Bears! *knock knock*

Is it just me or does it look like rpietila flying through the door of the plush hotel ? 

[fitty]

Hey Bears! *knock knock*

Is it just me or does it look like rpietila flying through the door of the plush hotel ?  

LOL! Supernode style!

Almost made me choke on my breakfast burrito. Good call.