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

[billyjoeallen]

Goxcoins gonna rocket. It's just a matter of time. Window of opportunity is finite. In this game, you have to put your self in a position to get lucky.

>60% in less than 12 hours! Sometimes it hurts to be this good.

Nailed it. again.

*sold what I bought yesterday in the $570s just to have more dry powder to defend $530 if necessary. Still massively long.*

[ChartBuddy]

Explanation

[fonzie]

@BillieJean

Don´t you ever feel ashamed. It´s people like you who are responsible that i can´t ever turn real bull again.

[Richard Branson]

Goxcoins gonna rocket. It's just a matter of time. Window of opportunity is finite. In this game, you have to put your self in a position to get lucky.

>60% in less than 12 hours! Sometimes it hurts to be this good.

Nailed it. again.

*sold what I bought yesterday in the $570s just to have more dry powder to defend $530 if necessary. Still massively long.*

Real pro...
Selling @ 1100 is much better 

Got cheaper coins than you. And I've picked up a few sub 100$ GOX-BTC. Allways have dirty fiat in every "major" exchange.

[billyjoeallen]

Goxcoins gonna rocket. It's just a matter of time. Window of opportunity is finite. In this game, you have to put your self in a position to get lucky.

>60% in less than 12 hours! Sometimes it hurts to be this good.

Nailed it. again.

*sold what I bought yesterday in the $570s just to have more dry powder to defend $530 if necessary. Still massively long.*

Real pro...
Selling @ 1100 is much better 

Got cheaper coins than you. And I've picked up a few sub 100$ GOX-BTC. Allways have dirty fiat in every "major" exchange.

So far all you have are goxIOUs unless you sold on bitcoinbuilder. What makes you think I didn't sell @ $1100? I sold some. bought 'em back on the way down. Now if MK can just get this little issue of withdrawals taken care of, we can both make money and i can congratulate you on your trades.

[electronistul]

Always have dirty fiat in every "major" exchange.

Good advice. Failed to follow it, though - but very good, nonetheless.

[michaelGedi]

[ErisDiscordia]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

[billyjoeallen]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b

[ErisDiscordia]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b

looks kind of similar-ish to my untrained eye. Your prediction of 530 being the bottom seems pretty solid. I'm pretty torn between 530 being the bottom or a continuation of the downtrend until a final capitulation in the 400s (like Risto has been preaching).

[dreamspark]

TA is hard with bitcoin at the best of time but is almost immpossible with the markets being completely gox/news driven.

[ChartBuddy]

Explanation

[magicmexican]

bears dumping from the shadows again

[Speedie]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

Inverse H&S, yes. We'd need to hold $560 and then break out above $590 with a surge in volume. Measured target in that scenario would be $650 calculated as $590 neckline + ($590 neckline - $530 head).

[billyjoeallen]

bears dumping from the shadows again

Everyone's just trying to get back in lower. Friday being payday for many, I doubt there will be an opportunity as great as yesterday's.

[oda.krell]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b

looks kind of similar-ish to my untrained eye. Your prediction of 530 being the bottom seems pretty solid. I'm pretty torn between 530 being the bottom or a continuation of the downtrend until a final capitulation in the 400s (like Risto has been preaching).

...

"The weekend after a bad news week, with a jittery market in the midst of bearish period -- hold onto your cash and buy lower you conchy drongos." said Rupert

Agree. Taking a look at:



and concluding "now is the time to buy back in, big time" takes balls of steel. Then again, maybe you'll be richly rewarded by being this bold

Anyway... what's a "conchy drongo". Google seems to think it's a "conscientious idiot", which sounds like a contradiction in terms.

[ErisDiscordia]

I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

Inverse H&S, yes. We'd need to hold $560 and then break out above $590 with a surge in volume. Measured target in that scenario would be $650 calculated as $590 neckline + ($590 neckline - $530 head).

Thanks for the explanation! Now I feel a bit less dumb. Seeing there seems to have just been a 1K+ btc dump on stamp I assume it's safe to say that we didn't break out, but break down. So it was a fake Head & shoulders! Gotta watch out for that, you'll get dandruff.

[tarmi]

bears dumping from the shadows again

Everyone's just trying to get back in lower. Friday being payday for many, I doubt there will be an opportunity as great as yesterday's.

you call yesterday's 530 $ an opportunity?

all I saw yesterday was weak support, no buying frenzy, and no volume.

400s here we come!

[seleme]

we're going below 500.

[billyjoeallen]

bears dumping from the shadows again

Everyone's just trying to get back in lower. Friday being payday for many, I doubt there will be an opportunity as great as yesterday's.

you call yesterday's 530 $ an opportunity?

all I saw yesterday was weak support, no buying frenzy, and no volume.

400s here we come!

can I quote you on that?