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

[adamstgBit]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

[jballs]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

[gandhibt]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

lets say +/- 0.5%

[byronbb]

It's higher risk but also higher reward.  I wouldn't be completely shocked if in the next few months we saw LTC hit .1BTC.

I would. That would imply that LTC is 40% of the value of BTC. That's just insane.

Many new investors think LTC is better than BTC and will once day be worth much more.

No joke...

Good LTC chart here: https://www.tradingview.com/e/Y43ETJHk/

[adamstgBit]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

[hmmmstrange]

no idea, but when LTC was trading at like 1/10th of half a cent it looked like a good risk/reward opportunity.

Some of us struggle with math. 1/20th of a cent

[adamstgBit]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

is this your first buy?

[spooderman]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

is this your first buy?

The man's got some balls alright!

[ablewasiereisawelba]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

In the immediate short term, just looking at the 21/10 EMA crossover there was a buy signal in the last 24 hours. It could touch 400-500 again, but we're probably in some sort of rally at the moment: http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

[adamstgBit]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

In the immediate short term, just looking at the 21/10 EMA crossover there was a buy signal in the last 24 hours. It could touch 400-500 again, but we're probably in some sort of rally at the moment: http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

good time to go all in i guess

[ablewasiereisawelba]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

In the immediate short term, just looking at the 21/10 EMA crossover there was a buy signal in the last 24 hours. It could touch 400-500 again, but we're probably in some sort of rally at the moment: http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

good time to go all in i guess

I didn't say it was a good time to go all in. If anything, I was just providing counter-evidence to the double-top mention. No one knows what is going to go on.

[adamstgBit]

Double top

Go down on her, you know you wana

[ChartBuddy]

[Voodah]

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

In the immediate short term, just looking at the 21/10 EMA crossover there was a buy signal in the last 24 hours. It could touch 400-500 again, but we're probably in some sort of rally at the moment: http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

good time to go all in i guess

I didn't say it was a good time to go all in. If anything, I was just providing counter-evidence to the double-top mention. No one knows what is going to go on.

Those crossovers have been proven to lose money over at Goombo's post. Too many people using those exact numbers.

Be careful if you rely on them too heavily.

[WeltMaster]

Anyone else noticed the dip in forecast difficulty? Bug or some pool not been counted?



http://imgur.com/QmfeacJ

[adamstgBit]

fuck there goes another one of my coins....
damn it, i think i'm starting to believe my own FUD

oh well

when i wake up price will be.... 760

good night!

[Peter R]

If a Zimbabwean farmer wants to avoid the devalued 'trillion dollar note' to sell his wares, what if he can trade (via a cell phone) to transfer value cheaply and just GET PAID?

Is he interested in the price of Bitcoin, or what it can do for him? I don't think so.

7 billion people are NOT going to become Bitcoin speculators, but they might use BTC (or its successor) to transmit money, to trade universally and to create a whole new world system of value exchange.

This.  Just this.

Anyone who wants to discuss this would be welcome, as I think we might be all missing the point.

And this is why wall street is not 'in', because you cannot buy the idea, and the coins are ultimately not what it's about.

It's the idea of freedom of exchange - it's so fucking radical..... and we are just playing with speculation, but this is a game-changer for the planet.

How many trillions of dollars traded per milli-second in HST data centres in NY State, but MAYBE the man on the street can escape and be free of the massive manipulation of his world....  by trading for his production directly with the buyer, without a middleman in a suit scalping him.

Revolution.   

And 5 billion people want THIS. I worked in NYC for years, I know manipulation is all about .

Wall street is fucked if the network allows this and billions of tiny transactions will crush their 'master-of-the-universe' world.

I really think we are watching something special happen - but it isn't going to be what this forum is focusing on, it's going to be something completely different.

Mark my words / ignore me - but this is what I am thinking about.  Not TA on next week's price.

I am interested in free-thinking start-ups with game changing plans for the 4.5 billion (plus) people who want to find a way out of corruption / exclusion and disenfranchisement the financial world is offering them now.

Pent up demand?

Yeah.

+1

Nice post.  I think Wall Street will find a way to thrive too though, and this is not a bad thing. 

[virtualfaqs]

Don't know what to do! Went from 58%BTC down to 50%BTC again. I need more information before making a move.

[rolanberry]

Don't know what to do! Went from 58%BTC down to 50%BTC again. I need more information before making a move.

woo FFXI avatar?

[RandyMagnum]

We'll just have to wait for the kids to get out of school in China and start running the markets again; maybe another 3 hours unless some of them have after school clubs.  I'm starting to believe the market's ebb and flow is in their hands.  And Huobi is on notice, btw.