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

[Voodah]

check the poll at the top of the page!

Didn't realize they changed it, thanks !

[1714606001]

1714606001

[1714606001]

1714606001

[MikeH]

the fuck's up with quarkcoin

been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it

I get the feeling that something might be, and I'm not into alts at all

Bill Still has been pumping it for some reason and I think Max Keiser got on board and has mentioned it a few times.

Sure the security aspect is good but to have 99% of coins mined in 6 months is just messed up.

[beetcoin]

the fuck's up with quarkcoin

been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it

I get the feeling that something might be, and I'm not into alts at all

Bill Still has been pumping it for some reason and I think Max Keiser got on board and has mentioned it a few times.

Sure the security aspect is good but to have 99% of coins mined in 6 months is just messed up.

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

[MikeH]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

[Bitcoines]

bulltrap in progress?

[Vycid]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

[Bitcoines]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Edit: i feel were goin down

[Vycid]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

[Bitcoines]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

agreed and i like that number, i feel we re goin down another bit because of the 1 day graph and 12 hr graph tho before we go up again

[CryptStorm]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

Hmmm, I'm thinking it's not so much 1117.80 as the fact that we are now trading under the slower moving average, and have not yet been able to break back through. So, it may just be a moving target, careful. I'd love for us to break through it, but, who knows, and, it's been one helluva a spike.

My brother asked me over the holiday (Thanksgiving) if Bitcoin goes up faster or down faster, and I replied it comes down faster (thinking about the crashes). Checked it, I was wrong. It comes down slower than it goes up, over the long haul. So this run-up is going to take several months to unwind. There's time to close out your positions, and then, take a trip somewhere nice. I'll be going to Bali for the winter 

[Vycid]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

Hmmm, I'm thinking it's not so much 1117.80 as the fact that we are now trading under the slower moving average, and have not yet been able to break back through. So, it may just be a moving target, careful. I'd love for us to break through it, but, who knows, and, it's been one helluva a spike.

My brother asked me over the holiday (Thanksgiving) if Bitcoin goes up faster or down faster, and I replied it comes down faster (thinking about the crashes). Checked it, I was wrong. It comes down slower than it goes up, over the long haul. So this run-up is going to take several months to unwind. There's time to close out your positions, and then, take a trip somewhere nice. I'll be going to Bali for the winter  

I'm honestly not convinced that the bull market is through. This time around has behaved differently than the last two bubbles and it may yet surprise us further.

I have not divested at all.

[CryptStorm]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

Hmmm, I'm thinking it's not so much 1117.80 as the fact that we are now trading under the slower moving average, and have not yet been able to break back through. So, it may just be a moving target, careful. I'd love for us to break through it, but, who knows, and, it's been one helluva a spike.

My brother asked me over the holiday (Thanksgiving) if Bitcoin goes up faster or down faster, and I replied it comes down faster (thinking about the crashes). Checked it, I was wrong. It comes down slower than it goes up, over the long haul. So this run-up is going to take several months to unwind. There's time to close out your positions, and then, take a trip somewhere nice. I'll be going to Bali for the winter  

I'm honestly not convinced that the bull market is through. This time around has behaved differently than the last two bubbles and it may yet surprise us further.

I have not divested at all.

Well, cool. I believe you've done better trading this run-up than I have (and I am too exhausted to monitor the last position I opened, so closed it). I've learned a shit ton though, especially that trading is really fucking tough. Also, that I should've just stuck with my buy from the summer and sold it now (I realize most would say 'never'). I'm planning on trading 1-4 times a year from now on. Just to realize the parabolic pushes. That said, since the price really does unwind pretty slowly, you should have plenty of time to do what you need to, if you are looking to close out.

edit: If the choo choo lights a fire and busts out, I may take another position. Unlikely, and I'd need to see some huge strength, as I think new money will look to find a smarter entry, and that we will coast tortuously downwards. Alas, no crystal ball.  

[Bitcoines]

bulltrap in progress?

No, looks like we're seriously testing resistance at 1100.

i c, possible breakout you think? or we stay here for a while

Hard to say. We've been running in the 1000-1100 channel for a while, but I don't think that'll be long-lived. At the moment an upwards breakout from that channel appears more likely.

24h high is at 1117.80, so that's the number to watch if we do break resistance at 1100.

Hmmm, I'm thinking it's not so much 1117.80 as the fact that we are now trading under the slower moving average, and have not yet been able to break back through. So, it may just be a moving target, careful. I'd love for us to break through it, but, who knows, and, it's been one helluva a spike.

My brother asked me over the holiday (Thanksgiving) if Bitcoin goes up faster or down faster, and I replied it comes down faster (thinking about the crashes). Checked it, I was wrong. It comes down slower than it goes up, over the long haul. So this run-up is going to take several months to unwind. There's time to close out your positions, and then, take a trip somewhere nice. I'll be going to Bali for the winter  

I'm honestly not convinced that the bull market is through. This time around has behaved differently than the last two bubbles and it may yet surprise us further.

I have not divested at all.

me neither, but im loving the ride tho

[macsga]

Good morning people. I thought we were heading higher within the weekend; I'm glad that I was wrong and this correction came through though. I find it "healthier" than the exponential continuance to an infinite "top" (a Gauss Bell Curve always comes down as steep as it goes up). I seriously believe that it will start growing higher until the end of the week. Slower; but healthier than before...

...at least I hope so; but since the very beginning, I'm full BTC and holding anyway

[TERA]

It's all a matter of perspective. If you look at the 4 hour chart, it was pretty damn ugly when the 4 hour crossed down. But if you look at the daily chart, it's just another correction to the long daily ema, which is very bullish and happens all the time in these rallies. If the rally continues on, then the level where it bounced off the ema (840) is the new FLOOR when it actually crashes. Once I saw the massive support above the blue line, I was able to leave my PC comfortably. I panic sold only 5% of my coins (in my margin position) just so that my account wouldn't be LIQUIDATED under some fluke occurence that there was this massive drop on bitstamp or bitfinex disconnected from bitstamp and something crazy happened and it fell under 400 for a second.

[tHash]

Hmmm, I'm thinking it's not so much 1117.80 as the fact that we are now trading under the slower moving average, and have not yet been able to break back through. So, it may just be a moving target, careful. I'd love for us to break through it, but, who knows, and, it's been one helluva a spike.

My brother asked me over the holiday (Thanksgiving) if Bitcoin goes up faster or down faster, and I replied it comes down faster (thinking about the crashes). Checked it, I was wrong. It comes down slower than it goes up, over the long haul. So this run-up is going to take several months to unwind. There's time to close out your positions, and then, take a trip somewhere nice. I'll be going to Bali for the winter  

I'm honestly not convinced that the bull market is through. This time around has behaved differently than the last two bubbles and it may yet surprise us further.

I have not divested at all.

The order book has been bullish through this entire consolidation.   The asks never jumped, and while the bids were cleared by market sells, they have continuously been added to.   Even now, the bid sum is continuing to rise at a very steep rate.   At this point, while many who sold were taking profits, I think many who sold are also going to be wanting back in.   We saw a lot of coins pass to a new generation of bitcoiner, that the price is still only 10%(ish) off of the ATH, how is that not bullish?

Also, bitcoin only goes through long slow declines after a massive crash, which we have not seen, and may not.   If we do enter a bear market, it will be shorter than the one this summer.   As bitcoin matures, the crashes will be less epic, and the recoveries shorter, baring some serious negative news anyway . . .

[Vycid]

If the rally continues on, then the level where it bounced off the ema (840) is the new FLOOR when it actually crashes.

This is important. I would agree.

[macsga]

If the rally continues on, then the level where it bounced off the ema (840) is the new FLOOR when it actually crashes.

This is important. I would agree.

Yep, +1...

[CryptStorm]

You guys are great-- you make really good points. I'm glad to be here, and I'm always learning something new. Maybe this is just another consolidating pennant, with a new floor and solid bids lined up? 

[ChartBuddy]