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

[ChartBuddy]

[oda.krell]

I think that mid-term trend has confirmed its reversal. 2013(/2014) will likely welcome new ATH.


(click to enlarge)

I'm using different methods and indicators, and I don't place much emphasis on support levels, but my overall interpretation is probably quite similar: since early July we are in phase that could potentially reverse the overall downtrend since the April peak.

I'm a bit more cautious than you, perhaps. We've had such potential reversals before, and they didn't last in the end, but for now, I would see the price staying above 100, or even slightly below, as a relatively strong signal that the early July trend persists, that could take us out of the larger downtrend.

[gog1]

I believe coins are showing up on the ask at gox again.  Would love to see the bid sum / ask sum graph.

[notme]

I believe coins are showing up on the ask at gox again.  Would love to see the bid sum / ask sum graph.

http://blockchained.com/

[StarenseN]

I think that mid-term trend has confirmed its reversal. 2013(/2014) will likely welcome new ATH.


(click to enlarge)

I'm using different methods and indicators, and I don't place much emphasis on support levels, but my overall interpretation is probably quite similar: since early July we are in phase that could potentially reverse the overall downtrend since the April peak.

I'm a bit more cautious than you, perhaps. We've had such potential reversals before, and they didn't last in the end, but for now, I would see the price staying above 100, or even slightly below, as a relatively strong signal that the early July trend persists, that could take us out of the larger downtrend.

I'm using also a different and more accurate method named "ichimoku". But it's less clear to display.

If you know about it, the results are realy goods regarding the daily closes above the clouds (1st time for several month)


(click to enlarge)

[ElectricMucus]

That breakout before the green rising support line crosses the red horizontal resistance aint gonna happen.

[ChartBuddy]

[derpinheimer]

Wow, CampBX is $88.

Sellers there will regret it if a whale doesnt come in soon. They sure have a steady finger for holding off this long, if they have any intents to sell...

Are you high?  The 24 hour low on CampBX is 96.00.  Put your contacts back in.

Oops, guess http://trading.i286.org/ CampBX info ticker died. It still says 88, lol.

[gandhibt]

There's no volume, it might break down also from here. It should have broke 115 USD so that it would be more possible to break up. Just have to wait a little longer so we know.

[Its About Sharing]

There's no volume, it might break down also from here. It should have broke 115 USD so that it would be more possible to break up. Just have to wait a little longer so we know.

That is not exactly true. The volume that got us here was huge. Big buyers buying 500-1000 BTC's a pop. When that buying stops, it doesn't mean interest is dead. It doesn't mean support is gone. People with the kind of money that we have witnessed since it bottomed at $65 are probably not afraid to somewhat support their investment. That said, this is a speculation and we are taking a chance.

Yes, we can go down, but the buy side has increased. But, it doesn't matter if me and you are doing the buying. It's those whales. They move this market now.
They probably hope that all that cash on the exchanges starts to come back into BTC and it is showing signs of that (Just watch the block sizes being bought and sold).

If you are a TA guy, things have turned. The weekly and monthly charts have changed. It does seem the big money follows TA and uses it to their advantage. Considering that, I'd say we go up. But, anything is possible...

[samson]

I'll just leave this here:

We do appear to be at the 'return to normal' stage - however this is Bitcoin.

I have some Bitcoin but still have plenty of USD on hand to buy more should the price start to move in either direction.

[vokain]

I'll just leave this here:

We do appear to be at the 'return to normal' stage - however this is Bitcoin.

I have some Bitcoin but still have plenty of USD on hand to buy more should the price start to move in either direction.

I had the impression that we were back to normal when we were last at 130, so there's that

[adamstgBit]

I'll just leave this here:

 The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

[fr33d0miz3r]

we are back to the mean, deal with it!

nope  

[adamstgBit]

 The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

[fr33d0miz3r]

The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

and again: nope

[ArticMine]

I'll just leave this here:

 The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

Or maybe in the bear trap after the first selloff http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2010-06-24zeg2011-04-03ztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzv

Care to go short dear bears?

[phatsphere]

and again: nope

nope.

simply because this silly simplified graph has proven itself to be wrong over and over again. at best, we are at the stage of takeoff or even before. and the rest is undecided.

[vokain]

and again: nope

nope.

simply because this silly simplified graph has proven itself to be wrong over and over again. at best, we are at the stage of takeoff or even before. and the rest is undecided.

personally i think it is pretty good. speaking from my experience 

[Walsoraj]

in my super humble opinion we are still in the Greed stage. Bubble hasn't fully inflated yet.