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

[ChartBuddy]

[molecular]

down we go

oh my god, now I see it, too (after looking very hard): we went down $0.60 in 30 minutes!

[Traktion]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

[JimboToronto]

down we go

oh my god, now I see it, too (after looking very hard): we went down $0.60 in 30 minutes!

It reminds me of an old W.C. Fields/Charlie McCarthy skit.

Fields: It's very small.

McCarthy: How small? Do you need glasses to see it?

Fields: Yes, several.

[oda.krell]

*cough* volatility squeeze *cough*

*cough cough* looks pretty clear to me what the bias is *cough cough*


I should really get some cough syrup.

[lucas.sev]

*cough* volatility squeeze *cough*

*cough cough* looks pretty clear to me what the bias is *cough cough*


I should really get some cough syrup.

What the bias is? I guess it could be interpreted as bullish flag.

[Its About Sharing]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

[WeltMaster]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

I think the tension to the drop is killing me, get it over with bears.

[sarc]

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

it's definitely an emu.

[Its About Sharing]

Is the tide turning? Sells are building just a bit...





And the Ask/Bid ratio still below 1.

[wonkytonky]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

the boobs and fat hanging arm pattern

[ChartBuddy]

[Its About Sharing]

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

it's definitely an emu.

I was debating on which Bird to name it, I like Dropping/Rising Emu. My other choice is A Dropping/Rising Big Bird.
Let's see how this pattern develops and then we can decide. Bookmark this, I think we are on to something.

I just see a vote for "Boobs and Fat Hanging Arm Pattern." I shouldn't count the chickens before the eggs are hatched.
Hmmmm, anything more guys? Perhaps we see how it develops to help the naming.

[marvinrouge]

It's a dragon

[sarc]

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

it's definitely an emu.

I was debating on which Bird to name it, I like Dropping/Rising Emu. My other choice is A Dropping/Rising Big Bird.
Let's see how this pattern develops and then we can decide. Bookmark this, I think we are on to something.

I just see a vote for "Boobs and Fat Hanging Arm Pattern." I shouldn't count the chickens before the eggs are hatched.
Hmmmm, anything more guys? Perhaps we see how it develops to help the naming.

Rod hull's obese ghost?

yes, I know...off topic.

[Traktion]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

Yup, that illustrates it pretty well I think!

"Boobs and Fat Hanging Arm Pattern" - LOL!

[uhoh]

I bought back in at 65 (Bitstamp). 63-64 has been tested 3 times and has held. My guess is that the price will rally for a while now.

A quick update.

I sold at just under 75 on Bitstamp yesterday, as there seems to be little in the way of upward momentum. There now seems to be a vague triple bottom and/or downward triangle forming around 70. I suspect selling pressure will break through this and we will push back down towards 65 and possibly lower.

I think I will sit on my hands and buy when it feels right, rather than putting an order at this time. There doesn't seem to be much support above 60 on the books and I'm unsure whether 65 would survive another sell off.

If only I had done the same. Funny, your numbers matched mine...

Thanks for sharing your observations with selling pressure as I haven't been watching much. I have seen the larger blocks in buys stagnate though.

And look at this double double reverse bottom descending triangle. What do you all think? 

Yup, that illustrates it pretty well I think!

"Boobs and Fat Hanging Arm Pattern" - LOL!

Pinktit

[barbs]

at some point would the bird not get hungry and lean forward... beak to the ground? 

Or shall it fly to da moon?? 

[Rampion]

at some point would the bird not get hungry and lean forward... beak to the ground? 

Or shall it fly to da moon?? 

I guess it will go up before it goes down. At least I'm putting my money there, let's see how that plays out.

[WeltMaster]

at some point would the bird not get hungry and lean forward... beak to the ground?  

Or shall it fly to da moon??