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

[ChartBuddy]

[ChartBuddy]

[S3052]

i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July.  I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.

You had your chance to buy cheap coins when the price was artificially below 130 during the recent beartrap.

Hm, what do you mean artificially? To me that implies manipulation. The only potential manipulation would be a cash whale wanting a lower price.. which isnt... really manipulation.

After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.

Not manipulation? This whole market is a manipulation circlejerk.

This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.

I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.

Of course the smart people don't publicize their predictions, or at least not precisely.

What a dick

He might be a dick but he's not wrong. I've been saying it for a long time, but I'll say it again. Tech analysis can work well in larger markets, but bitcoin is simply far too small for it to be of much use (I use it in some situations, but mostly stick to fundamentals).

Noone is obliged to follow technical analysis

But for those who want better results than buy and hold , they are invited to try the technical analysis for bitcoin.

The bitcoinbullbear service has outperformed buy and hold by orders of magnitudes over 3 years consistently

You must be extremely rich?

It's not about me but about helping making our subscribers richer

Ah yes, obviously. How did i miss that part.

This is no joke.
The customer is always the number one priority in our philosophy. Egoistic goals and business success comes thereafter.

[ShroomsKit]

i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July.  I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.

You had your chance to buy cheap coins when the price was artificially below 130 during the recent beartrap.

Hm, what do you mean artificially? To me that implies manipulation. The only potential manipulation would be a cash whale wanting a lower price.. which isnt... really manipulation.

After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.

Not manipulation? This whole market is a manipulation circlejerk.

This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.

I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.

Of course the smart people don't publicize their predictions, or at least not precisely.

What a dick

He might be a dick but he's not wrong. I've been saying it for a long time, but I'll say it again. Tech analysis can work well in larger markets, but bitcoin is simply far too small for it to be of much use (I use it in some situations, but mostly stick to fundamentals).

Noone is obliged to follow technical analysis

But for those who want better results than buy and hold , they are invited to try the technical analysis for bitcoin.

The bitcoinbullbear service has outperformed buy and hold by orders of magnitudes over 3 years consistently

You must be extremely rich?

It's not about me but about helping making our subscribers richer

Ah yes, obviously. How did i miss that part.

This is no joke.
The customer is always the number one priority in our philosophy. Egoistic goals and business success comes thereafter.

Ofcourse. Your mission in life is to make other people rich. Yourself you don't really care about getting rich. Eventhough it must be extremely easy for you.
I absolutely don't doubt this.

Your service is 100% free i assume. Otherwise your story wouldn't make much sense.

[prophetx]

i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July.  I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.

You had your chance to buy cheap coins when the price was artificially below 130 during the recent beartrap.

Hm, what do you mean artificially? To me that implies manipulation. The only potential manipulation would be a cash whale wanting a lower price.. which isnt... really manipulation.

After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.

Not manipulation? This whole market is a manipulation circlejerk.

This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.

I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.

Of course the smart people don't publicize their predictions, or at least not precisely.

What a dick

He might be a dick but he's not wrong. I've been saying it for a long time, but I'll say it again. Tech analysis can work well in larger markets, but bitcoin is simply far too small for it to be of much use (I use it in some situations, but mostly stick to fundamentals).

Noone is obliged to follow technical analysis

But for those who want better results than buy and hold , they are invited to try the technical analysis for bitcoin.

The bitcoinbullbear service has outperformed buy and hold by orders of magnitudes over 3 years consistently

You must be extremely rich?

It's not about me but about helping making our subscribers richer

Ah yes, obviously. How did i miss that part.

This is no joke.
The customer is always the number one priority in our philosophy. Egoistic goals and business success comes thereafter.

Ofcourse. Your mission in life is to make other people rich. Yourself you don't really care about getting rich. Eventhough it must be extremely easy for you.
I absolutely don't doubt this.

Your service is 100% free i assume. Otherwise your story wouldn't make much sense.

You guys are a bunch of dickheads lol

[ChartBuddy]

[Kj1]

i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July.  I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.

You had your chance to buy cheap coins when the price was artificially below 130 during the recent beartrap.

Hm, what do you mean artificially? To me that implies manipulation. The only potential manipulation would be a cash whale wanting a lower price.. which isnt... really manipulation.

After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.

Not manipulation? This whole market is a manipulation circlejerk.

This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.

I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.

Of course the smart people don't publicize their predictions, or at least not precisely.

What a dick

He might be a dick but he's not wrong. I've been saying it for a long time, but I'll say it again. Tech analysis can work well in larger markets, but bitcoin is simply far too small for it to be of much use (I use it in some situations, but mostly stick to fundamentals).

Noone is obliged to follow technical analysis

But for those who want better results than buy and hold , they are invited to try the technical analysis for bitcoin.

The bitcoinbullbear service has outperformed buy and hold by orders of magnitudes over 3 years consistently

You must be extremely rich?

It's not about me but about helping making our subscribers richer

Ah yes, obviously. How did i miss that part.

This is no joke.
The customer is always the number one priority in our philosophy. Egoistic goals and business success comes thereafter.

Ofcourse. Your mission in life is to make other people rich. Yourself you don't really care about getting rich. Eventhough it must be extremely easy for you.
I absolutely don't doubt this.

Your service is 100% free i assume. Otherwise your story wouldn't make much sense.

You guys are a bunch of dickheads lol

stop quoting 15 posts :d

[JimboToronto]

What a dick

Oops. Sorry if I hit a nerve.

Was it the reference to dinosaurs in the tarpits? Maybe my rhetoric was a little too robust.  

I will stick to my belief that traditional TA, while undoubtedly very useful in assessing traditional stock and commodity markets, has far less relevance with Bitcoin.

[RationalSpeculator]

The bitcoinbullbear service has outperformed buy and hold by orders of magnitudes over 3 years consistently

That is a 'tour de force' as Bill Gates would say. Outperforming a buy and hold over a period where bitcoin went up, what 10,000% ?

Sorry but that is just a rediculous claim you make there. I won't even bother asking for evidence. :/

[capsqrl]

So how about those walls, eh? The next one is at like $145.

[JimboToronto]

I've been saying it for a long time, but I'll say it again. Tech analysis can work well in larger markets, but bitcoin is simply far too small for it to be of much use (I use it in some situations, but mostly stick to fundamentals).

Well put.
_________
 
To use a baseball analogy, sabermetrics aren't reliable with a small sample size. Sometimes actual eyeball scouting leads to a better evaluation.

[Ivanhoe]

What if the Winklevii are buying Bitcoin for their ETF's because there happens to be quite a demand for it? just speculating here.

[JimboToronto]

So how about those walls, eh? The next one is at like $145.

Walls? Are you sure you've got the right thread?

 

[MickeyT2008]

So how about those walls, eh? The next one is at like $145.

Walls? Are you sure you've got the right thread?

 

Either that was a different buyer or he's changed his strategy.  The buy was smaller and no bid wall was placed.  If that is another person wanting to buy in like that then that's bullish anyway

[phoenix1]

So how about those walls, eh? The next one is at like $145.

Walls? Are you sure you've got the right thread?

 

Either that was a different buyer or he's changed his strategy.  The buy was smaller and no bid wall was placed.  If that is another person wanting to buy in like that then that's bullish anyway

Or he's not done yet 

[RationalSpeculator]

What if the Winklevii are buying Bitcoin for their ETF's because there happens to be quite a demand for it? just speculating here.

In that case they would take all the financial risk by buying coins already without having the clients their money.

(Since they cannot accept clients money before the ETF is approved and launched.)

I don't think it's them. They have enough coins themselves too.


I don't think it is a new buyer since he would buy where it is cheapest: bitstamp.

I still think it's someone wanting out of gox. And preferring coins for the moment over directly liquidating at bitstamp.

[JimboToronto]

Either that was a different buyer or he's changed his strategy.  The buy was smaller and no bid wall was placed.  If that is another person wanting to buy in like that then that's bullish anyway

You read my mind. We've seen a few of these that don't seem to fit the pattern. If it was someone else though, why the market buy instead of a bid?

[phoenix1]

What if the Winklevii are buying Bitcoin for their ETF's because there happens to be quite a demand for it? just speculating here.

In that case they would take all the financial risk by buying coins already without having the clients their money.

(Since they cannot accept clients money before the ETF is approved and launched.)

I don't think it's them. They have enough coins themselves too.


I don't think it is a new buyer since he would buy where it is cheapest: bitstamp.

I still think it's someone wanting out of gox. And preferring coins for the moment over directly liquidating at bitstamp.

^^ This.... and I don't blame them
How much longer will people keep exchanging coins for Gox IOU's ?

[Nikolaj06]

What if the Winklevii are buying Bitcoin for their ETF's because there happens to be quite a demand for it? just speculating here.

In that case they would take all the financial risk by buying coins already without having the clients their money.

(Since they cannot accept clients money before the ETF is approved and launched.)

So no, I don't think it's them.

http://www.quickmeme.com/meme/3vreju/

What would it be, like 5-10% of their wealth?.....

[rampantparanoia]

^^ This.... and I don't blame them
How much longer will people keep exchanging coins for Gox IOU's ?

Probably til theres only 1 person left with IOU's. Its a game of survival, except the person who wins gets fucked