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

[JimboToronto]

Another day ends at MtGox.

[seleme]

hm, are we heading to 100 

[vokain]

Another day ends at MtGox.

“Every real story is a never ending story.”

[solex]

hm, are we heading to 100 

Yes. I think so, at least to 95-98. Interesting that the expected pullback to 80-82 is not materializing, which means the market is feeling pretty bullish.

[bzzard]

[seleme]

hm, are we heading to 100 

Yes. I think so, at least to 95-98. Interesting that the expected pullback to 80-82 is not materializing, which means the market is feeling pretty bullish.

yeah, you gotta laugh at that considering the posts from few days ago.

Can't see Blitz around last few days 

Bitcointalk moderator, what a joke..

[MickeyT2008]

It looks a lot more like a clearly established upwards trend and that $65 was the bottom when you zoom out on the charts.  Sometimes it's too easy to focus in on the close detail and miss the bigger picture.  ClarkMoody's H4 scale shows this clearly.

Not only that but it seems to me that the price only collapsed due to deliberate manipulation, those who did that will surely want the price to be high again when they sell the cheap coins that they picked up, and they have the ability to make it happen that way.

[solex]

It looks a lot more like a clearly established upwards trend and that $65 was the bottom when you zoom out on the charts.  Sometimes it's too easy to focus in on the close detail and miss the bigger picture.  ClarkMoody's H4 scale shows this clearly.

Indeed.  I find H4 the best scale to use to get a feel for the detailed and big picture at the same time, and normally keep CM set on that.

[hlynur]

i'm 30/70 btc/usd right now, because i anticipated some whale crashing the party like everytime in last month.
so now I'm thinking about watching/waiting and chewing over when to buy in again.
i stumbled upon 25 June and can't remember if there was an explanation on this forum for this again?
was it a broken trading bot? more than 45k buy and 20k sell during this day is really strange
don't want to boost the tinfoilusage, I'm just curious
any infos somebody?

[Walsoraj]

It looks a lot more like a clearly established upwards trend and that $65 was the bottom when you zoom out on the charts.  Sometimes it's too easy to focus in on the close detail and miss the bigger picture.  ClarkMoody's H4 scale shows this clearly.

Not only that but it seems to me that the price only collapsed due to deliberate manipulation, those who did that will surely want the price to be high again when they sell the cheap coins that they picked up, and they have the ability to make it happen that way.

I agree that manipulators only push the price down and are incapable of upward movement. True price is prolly closer to $1,000 but for the manipulator-terrorists. These are facts to every reasonable observer.

[MickeyT2008]

It looks a lot more like a clearly established upwards trend and that $65 was the bottom when you zoom out on the charts.  Sometimes it's too easy to focus in on the close detail and miss the bigger picture.  ClarkMoody's H4 scale shows this clearly.

Not only that but it seems to me that the price only collapsed due to deliberate manipulation, those who did that will surely want the price to be high again when they sell the cheap coins that they picked up, and they have the ability to make it happen that way.

I agree that manipulators only push the price down and are incapable of upward movement. True price is prolly closer to $1,000 but for the manipulator-terrorists. These are facts to every reasonable observer.

If it's done purely to sell BTC in bulk then it's a very short sighted and stupid way of doing it, which as usual makes me reach for the tinfoil hat of US government/bank suspicion

[dan99]

hm, are we heading to 100 

well said and couldn't agreed more

[Adrian-x]

Unfortunately, the state of global economics has become quite a bit more complex than it was in the time of Cantillon/Smith... Despite what you might read on Zerohedge.

That's funny, the other day I was trying to put a face to chodpaba and Zerohedge showed up.

I'd agree things are a more complicated, but fortunately we can distill principals down to simple laws and if we can be objective we can build on the fundamental facts.  While there is a lot to learn from the Monetarists, Chicago group, I, (if not we) now know centrally managed monetary inflation causes poverty not prosperity. (So it is ok to go back the 1700 century to build on the ideas that have stood the test of time.) Don't confuse the complexity with noise, It takes a genius to distill it and make it simple.

[Ares]

upupupupup!

[MickeyT2008]

upupupupup!

Yay!  

Is it time for the gifs of bulls and rockets yet?

[seleme]

rally

[notme]

upupupupup!

Yay!  

Is it time for the gifs of bulls and rockets yet?

[MickeyT2008]

upupupupup!

Yay!  

Is it time for the gifs of bulls and rockets yet?

+1

That's quite a rally!

[firstlast]

100->65->100 flushed out all the "weak hands"

[thezerg]

Hope all you newbie doomsayers got back in!    If not, well welcome to bitcoin and thanks for your coins.  Trading here requires a steady hand; its not for the faint of heart.  You can choose low volatility and inflation (USD), or high volatility and deflation (BTC)