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

[Bebopzzz]

https://stripe.com/bitcoin

Interedasting...

[Zapffe]

So... we finally looking into the bigger triangle yet for support?

https://i.imgur.com/w93EAdM.png

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

[oda.krell]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

[darklight]

Its middle of the night now in China, it will be at least 8 hours before this news gets confirmed as real or not and probably more. Until that happens we are still on very shaky gorund

[Pruden]

Kachiiing... 

Damn, that bet wasn't good for my health...

Damn your FUD-o-matic. 

[T.Stuart]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

It's not that fancy

[billyjoeallen]

Its middle of the night now in China, it will be at least 8 hours before this news gets confirmed as real or not and probably more. Until that happens we are still on very shaky gorund

Yeah and it's still $507 on Huobi weighing like a boat anchor on the price. Huobi actually dipped LOWER than the Goxing at $400! I would have liked to have had access to those coinz. Still might, I guess.

[boumalo]

Its middle of the night now in China, it will be at least 8 hours before this news gets confirmed as real or not and probably more. Until that happens we are still on very shaky gorund

If it is confirmed the price should drop, we have been on "shaky ground" for a while and that is why the price is @520USD

Personally I think the trend and the sentiment are negative or very negative and there is some room below but there is a lot of room above the current price and most people think correctly that we will see a huge spike us in price within 6months so it should happen

[Zapffe]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.

[keithers]

did any major news roll out today?   I woke up this morning to lower prices on all exchanges..I haven't been following the news too much lately, as I don't plan on selling anyway

[infofront]

did any major news roll out today?   I woke up this morning to lower prices on all exchanges..I haven't been following the news too much lately, as I don't plan on selling anyway

New rumours of Chinese BTC bans.

[oda.krell]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.

Jup, suspected that much. And because you don't draw those silly little charts you're posting one bitter comment after another, because you either missed the train, or jumped off too early, or whatever pathetic trading decisions you made in the past, while I can afford to look at the price in a more, hm, relaxed way. But good luck with your approach, whatever it is.

[tailor]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.

But add some dinosaurs or other animals, and it's totally legit. Or showing a double bottom cup and handle with a pennant breakout works, too.  Graphs with these scribbles have been shown to be 100% accurate 110% of the time at showing future price (+/- $1000).  If you can work in a CCMF to the moon into your analysis accuracy improves 120% of the time.

All we need is some bajillions invested, probably coming from MTGOX rebuys, mixed in with Wall Street hedge funds looking to diversify into more risky investments.

[JayJuanGee]

I'm also back in. Time for upwards departure

this aint bull market, son.

only possible departure is to the sub 500 zone.

Every bear market ends at some point. You just don't know when exactly. Sub 500 coins is a gamble. Could be, could not be.
It's anyones guess I think.

That's why I sucked it up and bought a little at $517....... for sure I am buying again below $500, unless some actual and real news affects my decision...

[JayJuanGee]

So... we finally looking into the bigger triangle yet for support?

[...]

Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!

That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.

I certainly would NOT claim to understand your chart, either.... or any of the charts that are frequently depicted in this thread b/c I remain unclear about frequently why a chart would start at some seemingly random place in the middle....   

Sometimes, however, there is some explanation about the chart that makes sense b/c it is merely describing past recent performance... and of course, I am NOT doubting that there can be some valid contributions of the chart to provide some perspective in that regard - even though it may NOT spell certainty about what's coming next and approximately when it will be coming....

[JayJuanGee]

Kachiiing... 

Damn, that bet wasn't good for my health...

Damn your FUD-o-matic. 

Yeah... that was quite the bet... and certainly, I was pretty confident that we were NOT going to see sub $530 - especially once the price began moving towards $600... with no apparent return in sight...

[bitcool]

Why does anyone care about China at all?

A dead Chinese btc market is a good thing, and it should have been factored in already.

Chinese gamblers is what took bitcoin to 1K.

From 266 to 1.2K, I'd give them $500 credit, max.

PBOC has taken all those back, and more.

[porcupine87]

Hm I don't know. On stamp 5000 coins to 500$. Wasn't that the same yesterday?

[JayJuanGee]

I'm also back in. Time for upwards departure

this aint bull market, son.

only possible departure is to the sub 500 zone.

Agreed. Now is not the time to buy.

Here I am walking through the woods, desperately fumbling around the minute options on my Iphone's display to close my long position on bitfinex on the advice of unknown strangers on bitcointalk

Took my little profit at 528 and am now in fiat. Don't make me get angry at you guys  

thanks for the hint

Yeah... I suppose that it depends upon who you trust... I certainly am of the sentiment that we could hit $495, maybe 50% chance... but it is very likely that I am NOT selling any BTC until we are over $700... he he he he ...

[spike420211]

If this is already poasted [or perhaps it's your wallet!],
please disregard:

http://www.electronicproducts.com/Computer_Peripherals/Systems/MtGox_discovers_200_000_bitcoins_valued_at_116m_in_forgotten_wallet.aspx