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

[theonewhowaskazu]

I think its going to be trending slightly upward but with not enough momentum do do much of anything for the next couple weeks.

[NewLiberty]

I am happy when it passes $640. Thats it.

That would be the mark it passes the left shoulder on the reverse H&S.  Otherwise, just more consolidation.

[Davyd05]

I think its going to be trending slightly upward but with not enough momentum do do much of anything for the next couple weeks.

what do you mean much of anything... yesterday we were in 570s

[lumierre]

"Hope" has entered the market. Let's rock'n roll!

[sonofliberty]

The end of the bear market?

[seleme]

Now, some support beside that whale's wall is required to stay here. Since he started buying, there's not much support around his walls at all.

[theonewhowaskazu]

I think its going to be trending slightly upward but with not enough momentum do do much of anything for the next couple weeks.

what do you mean much of anything... yesterday we were in 570s

Much of anything from here on I mean. Well, we could easily go back to the $650s I think. By much of anything I meant we won't be entering some kind of extended strong upward trend. We'll just be bouncing around for a bit.

[TERA]

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. Like everyone was just waiting for the go signal and now they're ready to buy back every coin on the book at any price. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

[Davyd05]

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

cause that is what happens when demand takes over...

edit : I do however think 650 is a more significant point to break.

[dreamspark]

BTC-e looks like its about to fall off a cliff as does China, most the support around here was the guys own walls. Back down we go and panic selling ensues.

[ShroomsKit]

Bear traps are gonna happen, but I feel today we'll be near 700.

There's no way it'll reach 700 because the 3 day emas are are $615 and $666. This will be a congestion zone which will not be broken until 3 day MACD is up. Until then $666 will be this evil resistance. It could go sideways for weeks.

God, please tell me you got your cheap coins and will stop your non stop we're going down bs. I guess not, right. We go up a few dollars and you're already starting. This probably means you missed the train AGAIN and now will annoy everyone with daily posts how we're going down because your TA says so.
I might have to put you on ignore if that's the case. Let me know.

[njcarlos]

BTC-e looks like its about to fall off a cliff as does China, most the support around here was the guys own walls. Back down we go and panic selling ensues.

Amazing how one guy can turn a bunch of bears "100% bullish" with a little capital?

[San1ty]

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. Like everyone was just waiting for the go signal and now they're ready to buy back every coin on the book at any price. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

You're right, but looking at the 3D MACD has little to no meaning. the 1D has become positive and I believe were going to see an extended uptrend coupled with a bunch of resistance areas ofc.

[dreamspark]

BTC-e looks like its about to fall off a cliff as does China, most the support around here was the guys own walls. Back down we go and panic selling ensues.

Amazing how one guy can turn a bunch of bears "100% bullish" with a little capital?

Its hilarious 

[barbs]

Time to panic sodl!

[TERA]

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

cause that is what happens when demand takes over...

False. It takes weeks of sideways trading and gradual uptrending to break the major resistance levels. They don't just go down because everyone suddenly decides the party is on. Look at bitcoin's history and you'll see.

[lumierre]

Gold is up like 2.3% because of the Ukraine-Russia issue so why wouldn't bitcoin go up? 2.3% gain in one day is incredible for gold prices.

[coins101]

I do not understand this mindset that people get in when they see a rising price or a reversal, that all the sudden it has to reach an even higher level on the same day, and then an even higher level tomorrow, breaking every known resistance on the chart. "It's going to go all the way $XXX!!!". Why? They think that once the reversal is in, all the work is done and we might as well go to ATH right away and skip the whole recovery part. People get caught up in this emotional exuberance that has nothing to do with actual trading trends.

cause that is what happens when demand takes over...

False. It takes weeks of sideways trading and gradual uptrending to break the major resistance levels. They don't just go down because everyone suddenly decides the party is on. Look at bitcoin's history and you'll see.

This.

+1

[dreamspark]

Saying that though, wait till he comes back with another million 

[rjp55]

Bear traps are gonna happen, but I feel today we'll be near 700.

There's no way it'll reach 700 because the 3 day emas are are $615 and $666. This will be a congestion zone which will not be broken until 3 day MACD is up. Until then $666 will be this evil resistance. It could go sideways for weeks.

God, please tell me you got your cheap coins and will stop your non stop we're going down bs. I guess not, right. We go up a few dollars and you're already starting. This probably means you missed the train AGAIN and now will annoy everyone with daily posts how we're going down because your TA says so.
I might have to put you on ignore if that's the case. Let me know.

This.