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

[CryptStorm]

Whew! I'm glad the forum's back-- that was a bit scary  

Well, my read on this situation is that, like the big drop from 900 => 450, we have broken out of the parabolic channel (of goodness seen in the blue bracketed lines), and we are on the cusp of re-entering it. As we reenter, we look forward to Fresh Fiat Monday, and today appears to be yet another example of manipulation. Still, as we re-enter the channel, we can expect to stay within it until we break through it again-- my guess is next time we come through we will have more trajectory, and we'll see a larger 'correction' (maybe 1800 to 700 or 2300 to 1200, or something like that).

[the lower blue line is approximately at the long term (roughly from rpietila) trend]

Choo choo.  

[Awhut]

https://i.imgur.com/TjhQk1l.png

[Miz4r]

Wow we haven't seen this pic before... u r so clever!

[Boxman90]

Whew! I'm glad the forum's back-- that was a bit scary  

Well, my read on this situation is that, like the big drop from 900 => 450, we have broken out of the parabolic channel (of goodness seen in the blue bracketed lines), and we are on the cusp of re-entering it. As we reenter, we look forward to Fresh Fiat Monday, and today appears to be yet another example of manipulation. Still, as we re-enter the channel, we can expect to stay within it until we break through it again-- my guess is next time we come through we will have more trajectory, and we'll see a larger 'correction' (maybe 1800 to 700 or 2300 to 1200, or something like that).

[the lower blue line is approximately at the long term (roughly from rpietila) trend]

Choo choo.  

Are you a millionaire yet?

[byronbb]

So media phase was last week, so we are now at the top, so thus, we can then conclude sub 100 by next week. 

[Carra23]

So media phase was last week, so we are now at the top, so thus, we can then conclude sub 100 by next week. 

You are so smart. You should sell right now

[byronbb]

So media phase was last week, so we are now at the top, so thus, we can then conclude sub 100 by next week. 

You are so smart. You should sell right now

It's this chart, it's been free money since I first saw it when bitcoin was $3.

[wobber]

I can see the Greed right there, wanted to sell a coin for fiat at 1243 but we went only at 1242. Greed!

[bqxpd]

Ah, no. I'd say we're maybe 25% of the way into "Awareness Phase". Institutional investors are just getting started. The current rally, however it ultimately turns out, is naught but a tiny blip on that chart. Figure "first sell off" maybe this time next year, then the real growth kicks off.

[windjc]

Ah, no. I'd say we're maybe 25% of the way into "Awareness Phase". Institutional investors are just getting started. The current rally, however it ultimately turns out, is naught but a tiny blip on that chart. Figure "first sell off" maybe this time next year, then the real growth kicks off.

I could live with that scenario.

[CryptStorm]

Whew! I'm glad the forum's back-- that was a bit scary  

Well, my read on this situation is that, like the big drop from 900 => 450, we have broken out of the parabolic channel (of goodness seen in the blue bracketed lines), and we are on the cusp of re-entering it. As we reenter, we look forward to Fresh Fiat Monday, and today appears to be yet another example of manipulation. Still, as we re-enter the channel, we can expect to stay within it until we break through it again-- my guess is next time we come through we will have more trajectory, and we'll see a larger 'correction' (maybe 1800 to 700 or 2300 to 1200, or something like that).

[the lower blue line is approximately at the long term (roughly from rpietila) trend]

Choo choo.  

...[pic here]...

Are you a millionaire yet?

No, I wish. And, are you making fun of me for technical analysis?

[BTCTRADERZ]

since bitcoin traded below 900$ today, its time for a new poll

after some consideration... i came up with "Are you still bullish, even at >1000$?"

vote!

/\BITCOIN BACK UPPP >>>WE IS ALL GOOD BROHAM!!!!!
====> WUZ JUST EURO MONKEY$$$ ON DA KEYBOARD!!!    +LOL!

(((((((((((((vvvvvvv***click***vvvvvvv))))))))))))))))
http://www.morethings.com/fan/quentin_tarantino/pulp_fiction/pulp_fiction5380.jpg

[hmmmstrange]

Boy, it's nice and quiet here.

[beetcoin]

it is.. what's going on? it was growing by 1 page every 30 minutes it seems.. now it's all a sudden halt.

[CryptStorm]

Well, it is late Sunday night on the West Coast US-- most everyone is probably is asleep.

[beetcoin]

Well, it is late Sunday night on the West Coast US-- most everyone is probably is asleep.

bitcoiners sleep? there is definitely something wrong then.. normally they'd be here, ready for speculating for the upcoming week.

[windjc]

I have to assume the dns problem is making it impossible to log in from certain parts of the world as it propagates.

Thus, there are only like 5 of us on here at the moment it seems.

I am still not convinced that this correction is over. In fact, I think we retest lows soon unless fresh money into exchanges leads us in a northerly direction.

[CryptStorm]

Well, it is late Sunday night on the West Coast US-- most everyone is probably is asleep.

bitcoiners sleep? there is definitely something wrong then.. normally they'd be here, ready for speculating for the upcoming week.

choo choozzzzzzzzzz ...zzzz

[MikeH]

had a feeling we'd drop from the 1200's to mid 800s - shame I never follow my gut and got back in around $990.

seems having more than double the volume on the buyers side of the order book doesn't mean squat when people dump at market during high lag.

[MikeH]

I have to assume the dns problem is making it impossible to log in from certain parts of the world as it propagates.

yeah the forum was unreachable til just now for me.