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

[windjc]

Hows this?

Well I think it is totally possible we are still just in the original uptrend.  The downtrend has been broken, but the overall uptrend has not.

[Peter R]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

[rpietila]

If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.

Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.

[windjc]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

The 900s will bring lots of panic.

[T.Stuart]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

Just panic buy now

[windjc]

If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.

Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.

Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.

[wachtwoord]

If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.

Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.

Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.

Jan+Feb are usually nice months

[Peter R]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

Just panic buy now

But that wouldn't maximize my loss JJ.  I'm thinking of giving up on this swing trading with 10% of my coins.  I seem to be good at calling the bottoms but terrible at calling the tops.  I may buy back in a few % and consider the rest an early SSS divestment if we keep going up.  

[windjc]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

Just panic buy now

But that wouldn't maximize my loss JJ.  I'm thinking of giving up on this swing trading with 10% of my coins.  I seem to be good at calling the bottoms but terrible at calling the tops.  I may buy back in a few % and consider the rest an early SSS divestment if we keep going up.  

Consolidation sucks for day trading. A lot of casualties this last week.

[adamstgBit]

mtgox traders have lost there minds 

[thefunkybits]

Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to sell boys!

[T.Stuart]

Yep, I'm hoping to calmly buy back the 10% I sold in the $500s but will likely panic buy in the $900s.  

Just panic buy now

But that wouldn't maximize my loss JJ.  I'm thinking of giving up on this swing trading with 10% of my coins.  I seem to be good at calling the bottoms but terrible at calling the tops.  I may buy back in a few % and consider the rest an early SSS divestment if we keep going up.  

Consolidation sucks for day trading. A lot of casualties this last week.

No more day trading. Time to believe in Bitcoin.

[windjc]

Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to buy boys!

FTFY

[mmitech]

Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to sell boys!

too much fiat ?

[thefunkybits]

Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to buy boys!

FTFY

lol go for it, im not touching this rally

[farnsworth7]

Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe.

Yes, very good idea !

[mmitech]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

are we still at now ? or were you just trying your luck ?

[windjc]

Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to buy boys!

FTFY

lol go for it, im not touching this rally

Its low volume because of the holidays. The fact that the holidays- the time when fresh fiat is less likely to come into the market - has not seen us retest lows, is bullish.

What are you going to do if in January we continue up but on higher volume?

At what point do you concede? 900's?

[Parazyd]

New poll: "Price by 1st Jan 2014.?"

[mmitech]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

are we still at now ? or were you just trying your luck ?

its about how you define "short-term"

"now" defines it