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

[krudkeeper]

easy does it, keep the slow upward move going and watch momentum  


bitstamps and other exchanges are obviously very relevant these days, i'd imagine crashing & manipulating the price for personal gain is going to get much harder.

expecting to see a stable 96 - 105 with a few false breakouts over 120.

i think in the end we will settle on a very slow upward bound trend line and be Crazy stable on this exceptional line that will explode to new highs this Xmas.

I love how this sounds. I wish I could see the future ahead of time!

[micalith]

Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.

[samson]

Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.

LOL, there's no momentum at all right now.

[ChartBuddy]

[derpinheimer]

Im scared to be in fiat right now  lol

Every time 96 wall gets nibbled on, it gets reinforced.

[samson]

Im scared to be in fiat right now  lol

Every time 96 wall gets nibbled on, it gets reinforced.

You'll be glad you've got that fiat when the price goes into the 60's and lower over the next few weeks.

[Frozenlock]

With only 5.xx$ left on the exchange, i guess you could say I'm all in  

AdamstgBit has been an incredible reliable signal these last few weeks.
(short signal, that is...)

When's the $180?

[Coinseeker]

You'll be glad you've got that fiat when the price goes into the 60's and lower over the next few weeks.

+1  Barring some HUGE revelation, I just don't see how we're going to avoid that.

[Tzupy]

For those holding $ and willing to buy BTC on MtGox, it's easy for now: just place a buy order just above the 96 wall and wait to get hit.
Seller pressure is still strong above 96, quite often the 96 wall is hit by sell orders.

A correction of the price is expected once the buying whale doesn't buy on MtGox anymore, who knows when he'll stop.
But the price to go down to 60, that's wishful thinking. If it happens, I'd probably take a fiat loan from the bank just to buy more BTC.
The difference in mining difficulty between the 7th July and the 7th August is quite significant. GPU miners are quitting en masse, only ASICs remain.
And ASIC miners should rather get fiat loans than sell when the market is low, when they know next year it's going to be at least 150 if not 200.
So I believe that a price drop down to maybe 80 is possible, but in the next months we'll see the average price rise above 100, possibly 120.

[Coinseeker]

So I believe that a price drop down to maybe 80 is possible, but in the next months we'll see the average price rise above 100, possibly 120.

Based on what?  Wishful thinking?  There has to be an increase in demand for BTC and with ASIC's, more coins are being pumped out, while transactions are dropping and business' are not accepting BTC.  So, where is the increased demand going to come from, to drive prices to 120?  I don't mind being wrong, I'm just looking for something more than emotion based predictions.

[micalith]

Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.

LOL, there's no momentum at all right now.

I wouldn't have the patience to wait till bloody Christmas.

[ChartBuddy]

[wachtwoord]

Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.

LOL, there's no momentum at all right now.

I wouldn't have the patience to wait till bloody Christmas.

Seriously ...

You better learn patience because Christmas is only 5 months away. I'm expecting being patient to mean waiting significantly longer than that. 5 months is nothing.

[ardana123]

I expect a rise to at least 250, maybe 300 in the next 300 months. Followed by a sharp drop to 1$ (to allow everyone to gather cheap coinz) and then a steep rise again to 400. I say this because my word is law.


see what i did durrr

[molecular]

easy does it, keep the slow upward move going and watch momentum  


bitstamps and other exchanges are obviously very relevant these days, i'd imagine crashing & manipulating the price for personal gain is going to get much harder.

expecting to see a stable 96 - 105 with a few false breakouts over 120.

i think in the end we will settle on a very slow upward bound trend line and be Crazy stable on this exceptional line that will explode to new highs this Xmas.

I love your level of specificity. Let me try another view, trying to be equally specific:

I don't think 100 +/- 5 is a zone prone to stability: we'll have a long hard excruciatingly painful time to get over $100, then even worse $105. There will be temporary drops down to the low 90s, 80s, maybe even 70s, but no panic... $67 wont be touched again this year.

It'll be a long time before we finally break $115. No false breakout, just plain pure fucking bitcoin rocket once we break it. Maybe a little pause getting rid of the first stage fuel containers at around $180.

That'll happen before or after, but not at Christmas.

[molecular]

$100 before the end of the day?

we should really start looking at bitstamp. or at least start to quote the price including exchange. $100@gox, for example.

I don't think we'll see $100@mtgx before $95@bstp

[molecular]

The 96 wall seems solid though, for now.

yep

really solid ...

Don't you know, that a single lego brick can withstand 400kg of weight?

well... and two of them on top of each other? still only 400kg max.

[molecular]

So I believe that a price drop down to maybe 80 is possible, but in the next months we'll see the average price rise above 100, possibly 120.

Based on what?  Wishful thinking?  There has to be an increase in demand for BTC and with ASIC's, more coins are being pumped out, while transactions are dropping and business' are not accepting BTC.  So, where is the increased demand going to come from, to drive prices to 120?  I don't mind being wrong, I'm just looking for something more than emotion based predictions.

you got the bolded part the wrong way around: businesses accepting BTC is bearish. Sales in BTC are sells on mtgox.

[molecular]

Feels like big dumpers are consenting to wait to see if we can reach the necessary momentum for them to dump at sustainable prices.

LOL, there's no momentum at all right now.

I wouldn't have the patience to wait till bloody Christmas.

Dude, I've been waiting for 2.5 years now for my gold parity. Still not even close. I expect to have to wait at least another 1.5 years.

[ChartBuddy]