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

[pickard]

Yes it could go up from here (not likely),  but it can't be called a reverse head and shoulders, due to the all time high as the middle peak.  do you follow what i'm saying?

It doesn't matter, ATH or not ATH for the middle peak.
The middle peak of a H&S pattern is almost always a top of a trend.

Yes it matters!

If one of the peaks is the all time high, then how can there be a REVERSAL PATTERN?   The reverse head and shoulders is a reversal pattern formed after a long downtrend, showing that the market has been moving down for a long period and is reversing to go back up.  we are at the end of a long uptrend.  and the 1d chart referred to shows a potential head and shoulders.  the second peak being the all time high.

I mean H&S as trend reversal pattern, not reverse H&S. Sorry, didn't understand correctly the previous posts.

[babeq]

I just back from work and seeing that bitcoin fell about 100$ today, could anyone tell me what caused that? Any bank banned bitcoin?

[fr33d0miz3r]

Looks like reverse ass to me

Probably. Or reverse tits.

[Davyd05]

I just back from work and seeing that bitcoin fell about 100$ today, could anyone tell me what caused that? Any bank banned bitcoin?

we call it the ebb and flow of a developing market..

Another thought the loop shape from last Friday is awful similar to those double tops lol in reverse

[seleme]

yeah, tits are good call too. 

[jones31]

Stop buying those damn Lamborghinis , that dealer is cursed.
Every time they make a sales the price goes bananas.

[Mirsad]

Stop buying those damn Lamborghinis , that dealer is cursed.
Every time they make a sales the price goes bananas.

I'm sorry, but my wife needed a pink one.
And why shouldn't they sell btc? It's damn risky for any dealer to hold bitcoins, when you need to pay the import salesman. They can't wait 6 months after a crash to achieve the same price level.

[Davyd05]

When bears doom and gloom in times of relatively good news it seems they get bit.. they get so much further with those lovely misinterpreted non English statements.

[I_bitcoin]

Interesting article that picks apart the BAML $1300 analysis.      Overall positive in that they say Bitcoin is not a crazy investment

http://www.nasdaq.com/article/aaron-brown-can-a-value-investor-buy-a-bitcoin-cm310791

[CoinDox]

I just back from work and seeing that bitcoin fell about 100$ today, could anyone tell me what caused that? Any bank banned bitcoin?

Sheep got fleeced on Friday manip, sold low. Panic bought over fair value. IF we do go down, it will be minimal.

Also, I am just at the BTC convention in Vegas - it is good news all around here and will be released within a day or two. The community behind BTC is amazing to say the least.

All you guys with your fancy pictures predicting a move down... 1 BTC says you are mainly in FIAT atm.

[marcelus]

Check 1d at Moody. Such classic.

Yall know what to do. 

Actually, no I don't. Bounce or continuation of rally after extreme correction?

looks like a head and shoulders is maybe forming, which would mean sub $500 on gox.  

http://www.youtube.com/watch?v=1ByzZ6b4ET8&list=PL33D0C18CDEBF64B7

This is what I'm thinking. Possibly test $400.

[adamstgBit]

Check 1d at Moody. Such classic.

Yall know what to do. 

Actually, no I don't. Bounce or continuation of rally after extreme correction?

looks like a head and shoulders is maybe forming, which would mean sub $500 on gox.  

http://www.youtube.com/watch?v=1ByzZ6b4ET8&list=PL33D0C18CDEBF64B7

This is what I'm thinking. Possibly test $400.

no no no.

bears are committing suicide nothing more.

[I_bitcoin]

Lambo just bought from that dealer in newport (second car from them).

https://blockchain.info/address/1MVvYHYJxYCiP8xguQo6obqZGpxLkgTLTv

http://www.reddit.com/r/Bitcoin/comments/1sn0gi/someone_on_4chan_actually_bought_a_lamborghini/

[capsqrl]

with your fancy pictures predicting a move down... 1 BTC says you are mainly in FIAT atm.

And 1 USD says you are mainly in bitcoin atm - so what? Nobody here says what they really think, only what their position is, you as well.

[tutkarz]

Check 1d at Moody. Such classic.

Yall know what to do. 

Actually, no I don't. Bounce or continuation of rally after extreme correction?

looks like a head and shoulders is maybe forming, which would mean sub $500 on gox.  

http://www.youtube.com/watch?v=1ByzZ6b4ET8&list=PL33D0C18CDEBF64B7

This is what I'm thinking. Possibly test $400.

why so much, lets test $0.4, I can buy all you have then. You don't have any? Pity.

[fluidjax]

with your fancy pictures predicting a move down... 1 BTC says you are mainly in FIAT atm.

And 1 USD says you are mainly in bitcoin atm - so what? Nobody here says what they really think, only what their position is, you as well.

I don't get it, you aren't in a position that will be beneficial to how you are thinking?... So you are either lying to yourself, or simply believe that your best judgment is more than likely wrong.

[adamstgBit]

its so simple its not even funny


some poeple are cashing out, alot of new poeple are cashing in, who will win, OH the excitement!

[Davyd05]

with your fancy pictures predicting a move down... 1 BTC says you are mainly in FIAT atm.

And 1 USD says you are mainly in bitcoin atm - so what? Nobody here says what they really think, only what their position is, you as well.

I've never lied about my stances no way to prove that directly, nor do I totally discredit bears.. just the majority of them act like chicken little every time someone takes profits.. not everyone is in it for the long haul.

But yeah.. I don't say 10k after every rally ( I'm sure I have said it before)  some do.. there are crazy people on both sides.

[nagnagnag2]

socketio.mtgox.com does not work
websocket.mtgox.com does not work
data.mtgox.com does not work

why?

[adamstgBit]

socketio.mtgox.com does not work
websocket.mtgox.com does not work
data.mtgox.com does not work

why?

3 poeple tried to access the api at the same time.

KABOOM!