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

[seleme]

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

That's why you don't say anything about bitcoin price with any kind of authoritative sound unless you have 20-30 millions to move markets up or down.

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[deadfi$h]

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

Careful now guys, just because we missed a mark doesn't mean there won't still be a correction to the correction. Check back to every other major crash and see the bars flying up and down.

Fib resistance around $550 and a round number, so selling in the $540s and then we retest $500 at the very least.

[ChrisML]

aaand $530 is gone.

[empowering]

Hearing rumors that gox has been bought out, can't confirm.

Well the rummors were in their html:



acq = acquisition

who would want to buy that crap.. i dont know

I hate to fuel rumors, but this is the speculation forum.  

Pure speculation, but in a logical world, the ONLY buyer would be someone whose reputation could dramatically overwhelm that of Gox.  this organization would suddenly benefit from hundreds of thousands (or whatever) of verified bitcoin accounts.  

An existing bitcoin player would seem undercapitalized.  It would have to be a financial services company.  But it all depends on how much Gox is under-capitalized.  Repairing a couple million dollar shortfall would be nothing to a large company -- in fact it could result in a massive profit if they've been buying Gox coins at the discount.

This would explain the activity on Gox and bitcoinbuilder -- it might be illegal and unethical for Gox to buy their own coins for 100 bucks, but I think that it would not be for agent X who (for example) buys 90% of the Gox coins trading at 5-20% of other exchanges, then turns around and buys the company for keep-me-out-of-jail prices.

We all know the rocket is going to take off sooner or later.... b b b but d d d do you think they have had their fill of c c c cheap coins yet?? out of Mt g g gox?

<putsontinfoilhatandsparksacrackpipe>

ring ring

"Howdy doody Mark how are you on this fine American day? My name is Mr X and Mark the reason I am calling all the way from NY city today is to make you an offer, I think you should put down your frappacuinno extra large, and park your extra large butt on one of them big blue balls... I have an offer that you cannot refuse, it will keep you in blueballs and extra decorative tubs of coffee for ever..................
.......but first show me your books"

Mark pisses himself with glee and hands over the books

"Interesting so back in 20** this dip in price here what caused this? what is that you say? you halted withdrawals and everyone shit themselves? and the price tanked...... hmm interesting..."

"ok the offer stands...here is a giant stack of cash... but you are now mine!!  dance fat boy!!  dance!-
 
Ahem sorry I mean here is what we are going to do......I want you to halt all Bitcoin withdrawals now..."

Price tanks

Mr X buys lots and lots of cheap coins...

MtGox reopens withdrawals slowly

Price creeps back up

MK announces he is taking early retirement

MtGox gets bought out by a fund, maybe intending to open an NY office in 2015

Confidence re MTGox soars

Price soars

They got cheap entry into the market, and picked up a "distressed asset" along the way  
and played a lovely game of manipulate the market with a healthy dose of fear.

<removestinfoilhatbutkeepsthecrackpipeforanotherblast>

Yeah we could have just seen this play out in the past week, and continue to play out now... the broken trust the other exchanges are talking about , insider trading?

Who knows ... but something is in the works

[San1ty]

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

Careful now guys, just because we missed a mark doesn't mean there won't still be a correction to the correction. Check back to every other major crash and see the bars flying up and down.

Fib resistance around $550 and a round number, so selling in the $540s and then we retest $500 at the very least.

I like fib retracements. Might be a good call but I have a feeling this market is still waiting for gox to drop the bomb either good or bad, so be on the lookout guys!

[deadfi$h]

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

Sure.

Hey everybody can be wrong sometimes. These are exceptional times, TA won't cut it in this environment.

Careful now guys, just because we missed a mark doesn't mean there won't still be a correction to the correction. Check back to every other major crash and see the bars flying up and down.

Fib resistance around $550 and a round number, so selling in the $540s and then we retest $500 at the very least.

I like fib retracements. Might be a good call but I have a feeling this market is still waiting for gox to drop the bomb either good or bad, so be on the lookout guys!

Exactly, and we wait at $500.

[adamstgBit]

really blows virtex is down 

[BubbaGumpShrimpinBoatCapn]

Coinbase price is $10 higher than it shows on bitcoinwisdom and bitcoin wisdom shows ~15$ more than bitstamp.  Anyone tell me why?

cuz its not stamps.

But why are they so much higher than it shows on their coinbase bitcoinwisdom chart?

[adamstgBit]

Coinbase price is $10 higher than it shows on bitcoinwisdom and bitcoin wisdom shows ~15$ more than bitstamp.  Anyone tell me why?

cuz its not stamps.

But why are they so much higher than it shows on their coinbase bitcoinwisdom chart?

1% higher? idk

maybe they bought high and thats the best offer then can do at this point

[JudgeHearst]

I know very little about TA, but I try to follow the threads here and learn what I can.  So, quick question: am I seeing a cup and handle on stamp (via bitcoin wisdom)?

[ChrisML]

How should we describe the last 2 months... oh wait.

Will it hold for long?

[CoolStoryBro]

Just to make sure: that "scribd document" obviously a fake

just look at this slide.. it's a freaking joke..



Goat?

[magicmexican]

I think the goat is stylish

[ChrisML]

It's a capricorn, not a goat 

[deadfi$h]

I know very little about TA, but I try to follow the threads here and learn what I can.  So, quick question: am I seeing a cup and handle on stamp (via bitcoin wisdom)?

Looks like a similar pattern although a cup and handle will usually have a more rounded bottom to the cup.

I don't trust the breakout above the "handle" yet though.

[magicmexican]

It's a capricorn, not a goat  

I think its a mountain goat

[kkaspar]

Disclosure:

The rumor regarding Mt.Gox being bought out by a private investor should be CONFIRMED soon.

Some acknowledgeable sources have already released teasing material with pictures of Gox new Head Quarters:

I just wanted to tell you that I am finalizing the purchase of Malla Manor this week, and we will have a party there starting Friday.

yeayyy

I think I have been to that mansion. In SecondLife.

Picture of that manor in a less modified state:
http://upload.wikimedia.org/wikipedia/commons/0/05/Malla_m%C3%B5isa_peahoone_2012.jpg
It's funny that rpietila actually deleted this link from his thread.
If he is able enough to restore that manor, then my respects. Always good to see historical manors restored in my country.
I don't consider bad photoshopping as proper restoration though.

[JudgeHearst]

I know very little about TA, but I try to follow the threads here and learn what I can.  So, quick question: am I seeing a cup and handle on stamp (via bitcoin wisdom)?

Looks like a similar pattern although a cup and handle will usually have a more rounded bottom to the cup.

I don't trust the breakout above the "handle" yet though.

Thanks, appreciate the feedback.

[eiprol]

Picture of that manor in a less modified state:
http://upload.wikimedia.org/wikipedia/commons/0/05/Malla_m%C3%B5isa_peahoone_2012.jpg
It's funny that rpietila actually deleted this link from his thread.
If he is able enough to restore that manor, then my respects. Always good to see historical manors restored in my country.
I don't consider bad photoshopping as proper restoration though.

I don't even consider that photoshopping 

[hmmmstrange]

The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.