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

[adamstgBit]

It's not over yet. On Mtgox Resistance Wall at 921.3.....  

Resistance is futile.


it is! it turely is!  

[JimboToronto]

It's not over yet. On Mtgox Resistance Wall at 921.3.....  

Bought.

Bitcoin Bozo bounces back.

[Davyd05]

It's not over yet. On Mtgox Resistance Wall at 921.3.....  

Bought.

Bitcoin Bozo bounces back.

all on a Saturday night who said nerds don't have fun.

[Richy_T]

Can't drop the commission below 5%. Donate as you see fit

If I get more than 50mBTC, I'll post up the SVG & PNG for anyone to do with as they wish.



This image proxy doesn't take images from Blockchain.info? Whatever next?

[solex]

this is the now infamous "super-exponential" chart ... it has closer correlation with current price data 0.945 (than the simple log plot , 0.9) ... posted here https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

if we really are going super-exponential (and it is remote possibility if we are looking at step-change adoption event on the S-curve, akin to an algal population bloom) ... then much mind will be blown.

And much 1MB block size will be blown too...

[JimboToronto]

It's not over yet. On Mtgox Resistance Wall at 921.3.....  

Bought.

Bitcoin Bozo bounces back.

all on a Saturday night who said nerds don't have fun.

Better alliterate than illiterate.

btw Some of us nerds actually like to participate in S&D&R&R on a Saturday night.

It's just a little too early (9:37PM local time).

[Erdogan]

Young Tot Ank Amon: Father, shouldn't we get rid of all the wheat we have collected, at least all that we don't need for ourselfs and our servants the next 5 years? It seems that gold is the new money. The caravane captains seem to prefer it, it is more compact and durable...

Father: No son, you can't eat it. It has no intrinsic value. It's a bubble.

[spooderman]

I can't wait to see the wall at 941 on gox get munched. And the 910 guy needs to catch up!

edit: anyone remember that 10k ask wall at 270 after we broke the April ATH? Seriously, who was that? And have they joined a bitcoin support group now?

edit 2:aaaand 5k in cny again

[adamstgBit]

I can't wait to see the wall at 941 on gox get munched. And the 910 guy needs to catch up!

lol gox dollars cashing bitcoins

[Erdogan]

Tut Ank Amon: Father, I think we should sell our wheat, that part that we don't need to feed ourselves and the servants for the next five years. The traders from the east seems to prefer gold. It is durable and compact.

Akhenaten: No son, it is unusable. You can't eat it. It has no intrinsic value. It's a bubble.

[adamstgBit]

Tut Ank Amon: Father, I think we should sell our wheat, that part that we don't need to feed ourselves and the servants for the next five years. The traders from the east seems to prefer gold. It is durable and compact.

Akhenaten: No son, it is unusable. You can't eat it. It has no intrinsic value. It's a bubble.

gold is dyeing, wheat is a better store of value at this point..

bitcoin is stealing golds thunder, i would expect to see sub 1000$ gold coins and >10,000$ bitcoins soon enough.

[Erdogan]

Thanks Adam. 10 bucks down, and everybody goes to sleep. What party. Typical. Pour us another, Chartbuddy.

[Richy_T]

i store wheat and there is no way i could ever think of trying to store $500,000 worth of wheat. Gold, well that could fit in a shoe box...

How about $500,000 worth of shoes then?

[adamstgBit]

gold is dyeing, wheat is a better store of value at this point..

i store wheat and there is no way i could ever think of trying to store $500,000 worth of wheat. Gold, well that could fit in a shoe box...

you dont have to store it framers love to sell wheat IOU's  

[JimboToronto]

i store wheat and there is no way i could ever think of trying to store $500,000 worth of wheat. Gold, well that could fit in a shoe box...

How about $500,000 worth of shoes then?

Better ask Imelda Marcos.

[Erdogan]

i store wheat and there is no way i could ever think of trying to store $500,000 worth of wheat. Gold, well that could fit in a shoe box...

How about $500,000 worth of shoes then?

Better ask Imelda Marcos.

Good one. She has still not worn out her rubber boots. What an investment.

[Erdogan]

Trending upwards last hour.

If the sleepers have alarms on 940, will they have time to brush their teeth and shave before AWH (all week high)?

[solex]

this is the now infamous "super-exponential" chart ... it has closer correlation with current price data 0.945 (than the simple log plot , 0.9) ... posted here https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

if we really are going super-exponential (and it is remote possibility if we are looking at step-change adoption event on the S-curve, akin to an algal population bloom) ... then much mind will be blown.

And much 1MB block size will be blown too...

I don't know why but this super-exponential thing is starting to grow on me ... surely it is impossible. It just seems like the market action is more like reverting to trend .... seems like pretty solid gains than any bubbly toppy mania getting ready to plunge back into the abyss (i.e. back to trend)

My heart (and wallet) likes the super-exponential fit, but my head still goes with the straight-line on a log-chart. Perhaps it will bounce around between $800 and $1200 for a few more months. June/July seems to be "right" time for $1000 as a norm. It still leaves $2000 due in Oct/Nov this year.

[shmadz]

this is the now infamous "super-exponential" chart ... it has closer correlation with current price data 0.945 (than the simple log plot , 0.9) ... posted here https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

if we really are going super-exponential (and it is remote possibility if we are looking at step-change adoption event on the S-curve, akin to an algal population bloom) ... then much mind will be blown.

And much 1MB block size will be blown too...

I don't know why but this super-exponential thing is starting to grow on me ... surely it is impossible. It just seems like the market action is more like reverting to trend .... seems like pretty solid gains than any bubbly toppy mania getting ready to plunge back into the abyss (i.e. back to trend)

My heart (and wallet) likes the super-exponential fit, but my head still goes with the straight-line on a log-chart. Perhaps it will bounce around between $800 and $1200 for a few more months. June/July seems to be "right" time for $1000 as a norm. It still leaves $2000 due in Oct/Nov this year.

someone else posted this chart - https://www.tradingview.com/e/eBL7nAJN/  it's a straight-line on a log chart and I like it very much.

It's very cool, if you zoom out and scroll left you can see the exact same angle of move when compared to the beginning of the run up to the April high. If you scroll back further you can see the mini-run to 15 that kick-started this whole thing. Unfortunately it does not seem to go far enough back to see the run up to 32, but I suspect it looks quite similar.

The thing I find most interesting is that after each run was a longish period of consolidation.

I would wish for nothing more than a 2 month period where we could stay in a range of 1000 plus or minus 200.

Beware that I also think that the longer the consolidation period, the more violent the breakout, but then again, I'm just some joker on the internet and nothing I say means anything.

I'm turning off my alarms and looking forward to a nice, long, sleep. good night now.

[Voodah]

Yes, super exponential would most probably lead to infrastructure collapse.