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

[mbets]

Yes I don't think we have one here either.

Though if it rises to 960+ again, it can form one

[tutkarz]

I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.

[owlbear]

For what it's worth: the one-hour chart does show a perfect cup and handle right now.

[Mirsad]

I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.

I don't know if we watch the same charts...
But there is a clear downtrend from 11. december till today.

There was a bulltrap. But it's on the way down. The peek was reached a few hours ago.
And the peak was 10% lower then 2 days ago. I don't see any price increase here. Do you?

For what it's worth: the one-hour chart does show a perfect cup and handle right now.

Gox US?
I don't see a cup and handle and nowhere a perfect cup and handle..
Gox EU is even worse.

Same with BTCChina

[seleme]

and of course bastard is going down after I accepted a loss  

[mbets]

http://www.pcworld.com/article/2080041/bitcoin-market-price-app-bitcoin-alarm-is-carefully-cloaked-malware.html

Just in case anyone is using Bitcoin Alarm

[seleme]

At $600 the 'trends' were still peaking (as much as I hate to depend on trends), the media was still pumping the bitcoin propaganda and people's interests were being piqued.

Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.

As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.

My bearish call was about 7 hours after China popped in 19th November, public the following day. My correct calls have been to sell ALL bitcoins in 2011 for $25 (never before, nor ever after), and buy back at $2-$3 (which I did follow myself).

The fact that after the actual pop in November, the old steam still inflated the bubble to almost twice the size is fun

Perhaps selling some more today - every day mounts more evidence that it's not going anywhere.

Yesterday you said that 2nd bubble was first in which you were invested yet now you are saying that you sold at 25$ and bought back at 2$. YOu need help definitely, medical one.

It took years to recover from 2011. It took months to recover from April 2013.  This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66.  People are staring at $600 now. Everyone knows the significance of that #.   Barring bad news, I don't think we go below it.  If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.

Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like.

Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating.

I'd be unsurprised to see the next rally inside of 3 months.

I have also had my first bubble, which is characterized by disbelief, and the second (first in which I was invested) characterized by euphoria and denial of bubblepop. Now in my third bubble I am wiser and know the trendline, and the value of pi() is still 3.14159... even in heaven, and some things just don't change, and even if they do, you can quantify then mathematically. This is analysis over emotion thing now. Some point in the next 3 months we will see 0.5, possibly lower, and afterwards I will tell you how much I made.

You(pl.) sound so much like me last April that I wonder if your investor cycle is one bubble behind me 

[pickard]

http://uk.news.yahoo.com/video/ireland-ready-leave-eu-bailout-072618985.html

Ireland Ready To Leave EU Bailout

[seleme]

Bitcoin, why u do this to me? 

[Nemo1024]

Bitcoin, why u do this to me?  

Welcome to the club.   Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members.

I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.

[iarsenaux]

Looks like another FUD wave coming too, the EU warning is morphing into 'EU wants to ban bitcoin' and the energy usage has sprung up again. Pure FUD because when mining tops out it will come down to electricity costs and non renewables can't compete with renewable energy at that point. Mining will drive innovation and investment of renewable energy and sit on the border between profit from mining and profit from just selling the power to the grid:
http://upstart.bizjournals.com/news/technology/2013/12/12/bitcarbon-bitcoin-carbon-footprint.html?page=all

That guy must have missed the train and has a buy order @ 300 - 400.

[wachtwoord]

Holy crap:
http://www.bloomberg.com/news/2013-12-12/most-americans-don-t-know-bitcoin-while-some-guess-xbox.html
Yeh yeh, everyone in the US thinks Bitcoin's a brand of cat food or something but 42% frigging percent know about it! 42%!! The meaning of life and everything

I don't believe it. 42% wouldn't be able to locate the USA on a world globe.

[seleme]

Bitcoin, why u do this to me?  

Welcome to the club.   Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members.

I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.

I've lost 4.5k and it's now on the level I would be 1-1.5k at loss.

But fuck it, that's why it is fun, there's still lot more good moments than bad

[JimboToronto]

Just woke up. How disappointing.  



 

[mbets]

https://i.imgur.com/13psUxV.jpg

Also true

[seleme]

I wouldn't trade BTC now in any direction if my life would depend on it..

[ChartBuddy]

[EuroTrash]

Bitcoin, why u do this to me?  

Welcome to the club.   Please take a seat in one of the many dark corners. Please ignore quiet sobs coming from the other members.

I haven't accepted my losses, though, so I am all fiat still, trading a little on the ebb-and-flow inbetween.

I've lost 4.5k and it's now on the level I would be 1-1.5k at loss.

But fuck it, that's why it is fun, there's still lot more good moments than bad

Guys. If I had just hold all the time I would be a multi millionaire, in dollars, today. Just saying.

[macsga]

Someone is clearly dumping coinz!!!

[seleme]

I wouldn't trade BTC now in any direction if my life would depend on it..

The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while.

Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed.