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

[ChartBuddy]

Explanation

[chessnut]

How did the price become so darn stable after being so darn unstable?

[Taras]

WE'RE FALLING RIIGHT OUT OF THE SKY!
WE'VE GOTTA DROP THE LOOOAD!
325 BTC sell brought us to a $492.06 low.

[rpietila]

And, sometimes in this thread, I am amazed by the quantity of FUD and naysayers participated herein b/c in reality a forum such as this should have a larger percentage of bulls and circle jerkers... instead we are continuously dealing with the negativity .. and maybe some of them are legitimate bears investing in BTC and trying to profit off of shorts, etc etc... but others seem to be engaged in a sort of sabotage attempt, manipulation and disinformation campaign that seems to be coming from another deeper and eviler place and yes seems likely that they are being paid by someone...   Maybe NOT government agencies, but more likely by financial institutions.. but there could be some government entities that are motivated and or funded by banking-type interests?  which we know that this frequently occurs when wars are fought over oil and resources.. the USA people do NOT necessarily profit in any kind of meaningful way as compared with the billions in profits that go into private hands of the filthy rich.

You are right. The cost to employ a sockpuppet is so little that it does not even count. I had a troll in my thread who admitted that before getting banned  

Facts are that many months of time has passed since November and almost the whole world knows about Bitcoin now (only when you know, you can buy), and it takes on average 12-24 months for people to buy. So just look at an explosive adoption peaking in 12-24 months, which means millions of users this year and 10s of millions next year. Or more. And the absolutely ridiculous number of bitcoins in existence - 11 million, if you discount Satoshi coins and lost coins. For a $500,000, which is nothing, you can buy 1/10,000 of ALL BITCOINS IN EXISTENCE.

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

[arepo]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

[windjc]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

up or down in your opinion?

[chessnut]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

I know I know....... in fact Im just disappointed that the triangle seems to be breaking downwards. oh well, I guess Ill have to turn bearish again.

[chessnut]

its telling me go short.

[windjc]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

I know I know....... in fact Im just disappointed that the triangle seems to be breaking downwards. oh well, I guess Ill have to turn bearish again.

too early to tell. its been leaning bearish for 48 hours, but it would not take much to get this market to $541 area.

[arepo]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

up or down in your opinion?

i think it's likely that we'll at least retest the last low before moving anywhere else. the recent break under the $530 support is a significant bear signal to me.

[windjc]

How did the price become so darn stable after being so darn unstable?

it's called a triangle consolidation pattern. but don't worry, we're just about to break out

up or down in your opinion?

i think it's likely that we'll at least retest the last low before moving anywhere else. the recent break under the $530 support is a significant bear signal to me.

The last low was 466. Most people seem to be suggesting 470 or 475 would technically be a "retest". Its interesting to see the different rational for those different #s.

[JayJuanGee]

And, sometimes in this thread, I am amazed by the quantity of FUD and naysayers participated herein b/c in reality a forum such as this should have a larger percentage of bulls and circle jerkers... instead we are continuously dealing with the negativity .. and maybe some of them are legitimate bears investing in BTC and trying to profit off of shorts, etc etc... but others seem to be engaged in a sort of sabotage attempt, manipulation and disinformation campaign that seems to be coming from another deeper and eviler place and yes seems likely that they are being paid by someone...   Maybe NOT government agencies, but more likely by financial institutions.. but there could be some government entities that are motivated and or funded by banking-type interests?  which we know that this frequently occurs when wars are fought over oil and resources.. the USA people do NOT necessarily profit in any kind of meaningful way as compared with the billions in profits that go into private hands of the filthy rich.

You are right. The cost to employ a sockpuppet is so little that it does not even count. I had a troll in my thread who admitted that before getting banned  

Facts are that many months of time has passed since November and almost the whole world knows about Bitcoin now (only when you know, you can buy), and it takes on average 12-24 months for people to buy. So just look at an explosive adoption peaking in 12-24 months, which means millions of users this year and 10s of millions next year. Or more. And the absolutely ridiculous number of bitcoins in existence - 11 million, if you discount Satoshi coins and lost coins. For a $500,000, which is nothing, you can buy 1/10,000 of ALL BITCOINS IN EXISTENCE.

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

I had something like this in my mind too about some kind of lag time for people to become aware about bitcoin and start to get into bitcoin in various ways.  I believe that we also have various issues and needs in the bitcoin sphere to improve upon the user interface in various kinds of way to make bitcoin easier for regular people to point and shoot... .. and to do so with enough ease that there is little to  no fear that some scheister is going to run off with his/her life savings.  Currently, these various interfaces are all over the place.. and there are few ease of use interfaces... including the fact that a company known for its ease of use (Apple) seems to be working against bitcoin...

[JorgeStolfi]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.   

[windjc]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.   

Jorgi, are you a paid troll? Serious question.

[JayJuanGee]

its telling me go short.

I do NOT understand why the bottom line is shorter than the top one.  You are just trying to line them up with what you consider to be logical points?   I am NOT suggesting any manipulation.. I am just wondering, since there seems to be quite a bit of line drawing variation.

[JorgeStolfi]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.   

Jorgi, are you a paid troll? Serious question.

Of course the answer is not.  Are you a paid salesman?

[chessnut]

its telling me go short.

I do NOT understand why the bottom line is shorter than the top one.  You are just trying to line them up with what you consider to be logical points?   I am NOT suggesting any manipulation.. I am just wondering, since there seems to be quite a bit of line drawing variation.

im not sure what you mean by the bottom line shorter, do you mean why have I shaved off the tip of the low?

because Im trying to illustrate what I believe is a wedge to the best of my ability, not because it's shaped like a pretty triangle, but because it is a contracting range, and liquidity is dry.

Those lines meet the points of greatest co-incidence. Also notice how the bottom was quickly rejected out of the the territory of 465, and rested on the lower trend line I have drawn.

[windjc]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.  

Jorgi, are you a paid troll? Serious question.

Of course the answer is not.  Are you a paid salesman?

Why so defensive?? If you are a paid troll, are you allowed to deny it? I guess you would be. But your defensiveness makes it seem like you're more guilty.

[BTCfan1]

"I know these numbers.  They're going down, down, down."

[chessnut]

how to test positive if a person is a witch - tie their hands and throw them in a river. if they drown, they are a not a witch. if they do not drown and escape, they are a witch.