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

[bitleif]

Back in the day I'd now have no coins and a load of fiat stuck in an exchange and be cursing my luck.

I resemble that remark.

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[kurious]

http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSza1gSMAzm1g50zm2g25zl

I think this chart is pretty interesting, may signal that we're not done correcting yet. Someone smarter than me have any insights?

We can all only guess - it's a pretty chaotic system.  Unless you have big enough (and I mean huge) resources that mean they can 'make' it happen, no-one can tell what comes next.   Even the big guys screw up: too young a market - too many variables, too many fragile exchanges...

Unpredictable.  Truly.

[freethink2013]

market sentiment is "anything under $1000 is a bargain."

[kurious]

Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.

That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.

All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.

I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!

[Ivanhoe]

Inverse head & shoulders on the 1H chart.

[dwdoc]

Inverse head & shoulders on the 1H chart.

[dwdoc]

Inverse head & shoulders on the 1H chart.

Isn't that a cup and handle?

[wachtwoord]

Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.

That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.

All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.

I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!

You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?

[Syke]

http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSza1gSMAzm1g50zm2g25zl

I think this chart is pretty interesting, may signal that we're not done correcting yet. Someone smarter than me have any insights?

To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.

[kurious]

Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.

That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.

All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.

I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!

You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?

No - I meant on a whole weekend - maybe 20 hours of red-eyed watching candles - altogether!

EDIT: So, no it wasn't worth it- I am not a great trader, even after studying this stuff since earlier this year - anyone smarter than me might have...

[ChartBuddy]

[bitleif]

To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.

Interesting observation. I wonder if the long plateaus and then jumps at .1, 1, 10, 100 and 1000 are purely due to psychological factors with round numbers.

[XBTSTOCKS]

/\12OO:::HERE WE GOOOOO//^BITCOIN TAKE US HIGHERRRR!!!;-)
//^$$$LOVE YOU GUYS!$$$^\\
http://www.socwall.com/images/wallpapers/15609-1680x1050.jpg

[freethink2013]

Inverse head & shoulders on the 1H chart.

Isn't that a cup and handle?

slithering snake imho

[Nemo1024]

Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.

That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.

All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.

I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!

You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?

No - I meant on a whole weekend - maybe 20 hours of red-eyed watching candles - altogether!

EDIT: So, no it wasn't worth it- I am not a great trader, even after studying this stuff since earlier this year - anyone smarter than me might have...

I find watching Parabolic SAR to be rewarding... That said, I feel your suffering, as this week-end left me for an emotional wreck, and only about a bitcoin to show for the suffering.

[wachtwoord]

To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.

Interesting observation. I wonder if the long plateaus and then jumps at .1, 1, 10, 100 and 1000 are purely due to psychological factors with round numbers.

It look like it because it's a logarithmic chart (also I don't know how you get 2 months out of this)

[seleme]

Inverse head & shoulders on the 1H chart.

Isn't that a cup and handle?

slithering snake imho

jmping dog and running horse imo

[freethink2013]

we should call these incorrections tbh

[kurious]

Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.

That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.

All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.

I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!

You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?

No - I meant on a whole weekend - maybe 20 hours of red-eyed watching candles - altogether!

EDIT: So, no it wasn't worth it- I am not a great trader, even after studying this stuff since earlier this year - anyone smarter than me might have...

I find watching Parabolic SAR to be rewarding... That said, I feel your suffering, as this week-end left me for an emotional wreck, and only about a bitcoin to show for the suffering.

That makes you twice as smart as me - but equally drained!

The only saving grace - was in the wee small hours I remembered (I confess, and yes - I know!) I bought some 'ripples' ages ago, and assumed they were worthless - but checked in and with BTC tanking they had shot up, so I flogged most of them for coin.  

Last time I looked it was about 80,000 per BTC, but it suddenly went to 15,000 on Saturday - so cashed 'em out for a few coins - they have tanked again now, so that was a lucky break - made me feel stupid about watching the candles after that, went out and had a good drink and left my phone behind so I couldn't check Bitcoinwisdom - the forum was down too, it was good idea to get out....   There is life outside - really!

[rebuilder]

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How many alts does this person have?