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

[boumalo]

Is the retrace over already? 

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer 

Seleme, you always misunderstand me. dont mock me. I talk in probabilities, when I note the market is changing, it has strategical significance, not always long term weight. I never knew there was going to be chinese FUD, and yet I sold spontaneously at 577 because I was flexible enough to change as the market changed. dont follow my advice if you dont understand it.

that is what everyone is doing, following the trends

And, for those who did not like either my bullish or my bearish predictions, here is the Chinese Slumber Method prediction.  Since the Chinese did not sleep last night, the last data point (3126 CNY) is invalid (W practically zero). So the Method says to stick to the previous trend, which predicts 3667 CNY on Huobi and 600 USD on Bitstamp by Friday March 28 19:00--19:59. 

very precise predictions, it gives you some guidance but you are probably wrong 49% of the time and still making a profit

[billyjoeallen]

that's the most beautiful cup and handle I've ever seen. 3 min chart.

[JorgeStolfi]

Since I am bound to be hated anyway, why not post this:

  CoinDesk, March 27, 2014 at 19:06 GMT
  Reddit CEO Thinks the World of [ censored ], Slams ‘Crazy’ Bitcoiners
  http://www.coindesk.com/reddit-ceo-thinks-world-dogecoin-slams-crazy-bitcoiners/

[vleroybrown]

that's the most beautiful cup and handle I've ever seen. 3 min chart.

Well lets all drink from the fountain of..  SAVE THE FUCKIN WORLD!

[Davyd05]

the candle stick formation of today's occurrence is very interesting to me, can't find a similar looking one.. closest was like April 5th of last years in the 12hr. mainly skipping over that and 1day

wow that tried to go all Fibo on us out of the blue not lol

[JayJuanGee]

Is the retrace over already? 

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer 

Seleme, you always misunderstand me. dont mock me. I talk in probabilities, when I note the market is changing, it has strategical significance, not always long term weight. I never knew there was going to be chinese FUD, and yet I sold spontaneously at 577 because I was flexible enough to change as the market changed. dont follow my advice if you dont understand it.

I don't mock you mate, chilling a bit  . Though I don't like TAers who change their mind on such short terms as you do.

I've added this to my post:

Though I almost agree with him. WOn't give any bold statements and it might go down from here again but I can smell trend reversal coming soon. I don't see lot of interest of selling under 500$.

Some predictions are more all over the place than others, and sometimes, the seeming internal contradiction may just be due to hitting "POST" too early.  Occasionally, I have been guilty of such lack of clarity and internal contradictions.   

And, sometimes, if we are NOT really sure which way we are predicting, we may have a tendency to express that in a less than clear manner.

[JorgeStolfi]

very precise predictions, it gives you some guidance but you are probably wrong 49% of the time and still making a profit

I forgot to put the disclaimer that my predictions are entirely free of charge and worth every cent of it. 

[vleroybrown]

that's the most beautiful cup and handle I've ever seen. 3 min chart.

From not a pot to piss in, to a cup and handle, all in 3 minutes!

maKING ME ROFLMFAO

[aminorex]

made the 528 retrace (38.2%) in 3 hours.  next stop is 50% at 542

[PoolMinor]

[ChartBuddy]

Explanation

[JayJuanGee]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar..

magic 8 ball works better.
i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"



and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure



so there you have it!

Hey for the ones here criticizing line drawing, this 8 ball may be better?

Even though I am NOT going to use it, THANKS ADAM.  This method may help some people who may NOT have yet figured out what to do.... ... My default if I do NOT know what to do is HODL, which is NOT exactly unique.   

[seleme]

To take some profit or not. Hm, probably not. 530+ was tempting, I didn't pay attention to it though.

[vleroybrown]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar..

magic 8 ball works better.
i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"



and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure



so there you have it!

Hey for the ones here criticizing line drawing, this 8 ball may be better?

Even though I am NOT going to use it, THANKS ADAM.  This method may help some people who may NOT have yet figured out what to do.... ... My default if I do NOT know what to do is HODL, which is NOT exactly unique.   

BURN BURN BURN.. I surrender, hedging

[JayJuanGee]

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

yes because guise like the ones in that picture tend to do things on a very long term basis :|

This capital gainz thing is a pain, it's gonna take me ages to work out how much I need to pay to keep the gang away from me.

YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling..

[adamstgBit]

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

yes because guise like the ones in that picture tend to do things on a very long term basis :|

This capital gainz thing is a pain, it's gonna take me ages to work out how much I need to pay to keep the gang away from me.

YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling..

its reasonable to assume they dont care about buying a beers and a burger at a bar with some bitcions

but if you buy a lambo with mad bitcoin profits.... Goat!

[seleme]

Interesting... SilkRoad bottom, 400 bottom from February 25th and today bottom.

[vleroybrown]

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

yes because guise like the ones in that picture tend to do things on a very long term basis :|

This capital gainz thing is a pain, it's gonna take me ages to work out how much I need to pay to keep the gang away from me.

YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling..

its reasonable to assume they dont care about buying a beers and a burger at a bar with some bitcions

but if you buy a lambo with mad bitcoin profits.... Goat!

HEY! GOAT IS GOOD.. Got a shining new LAMBO!

[cbutters]

LOL did you guys notice that if you draw a line from todays bottom to the 400 bottom, it lines up exactly with the SILK ROAD BOTTOM?
http://pbrd.co/1l90UUR

EDIT:
awww crap Seleme
you beat me to that.

[JayJuanGee]

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

yes because guise like the ones in that picture tend to do things on a very long term basis :|

This capital gainz thing is a pain, it's gonna take me ages to work out how much I need to pay to keep the gang away from me.

YOU only have to pay when you cash out; however, if you have used your bitcoins to purchase various items, then you may NOT have gotten a gain... I think that there is some discretion on how to figure it out.. so yes, maybe you will have to do some finagling..

its reasonable to assume they dont care about buying a beers and a burger at a bar with some bitcions

but if you buy a lambo with mad bitcoin profits.... Goat!

I think if you buy a lambo, then you better figure out how to make that long term rather than short term capital gains.... ...   .. and surely, more difficult to hide a lambo...

Is that why you were drunk off your ass the other day, Adam?  trying to avoid your uncle.... hehehe  sam that is...