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

[sidhujag]

ready for the greatest bull ride of your life? Coming sooon..

[macsga]

i was asked why i post here.  i realized this while reading Epsilon Theory today: 

common knowledge is the fulcrum of sentiment.  i post in an effort to elevate and influence common knowledge in a way that reduces the gap between one local pareto optimum and the next, hopefully superior local optimum, and increasingly congenial to my personal taste.  not to manipulate the hive mind, as though i could -- i can not, but to contribute what is hopefully a positive increment, aptly timed.

that, and a perverse dopamine fix.  gotta cut that out.

Keep it up.

[spooderman]

I feel it is very risky to short now. I bought in the 300s and feel if I short now best case scenario is I buy back at 390-400. Because dinosaur.

[mah87]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

[niothor]

china china china......  that's the problem.  when the bots stop caring about china, we will decouple and be on our way.

https://bitcoinaverage.com/#CNY

ignored exchange   reason
bitxf   unreachable since 09 Apr, 10:47 UTC
btctrade   volume data suspect
coinbase   volume data not published
fxbtc   unreachable since 11 Apr, 11:22 UTC
huobi   volume data suspect
okcoin   volume data suspect


http://bitcoincharts.com/markets/currency/CNY.html

[magicmexican]

I feel it is very risky to short now. I bought in the 300s and feel if I short now best case scenario is I buy back at 390-400. Because dinosaur.

ye i can see it dropping to 390'ish

[billyjoeallen]

I feel it is very risky to short now. I bought in the 300s and feel if I short now best case scenario is I buy back at 390-400. Because dinosaur.

It'll break up, break down, or slog. I least want it to slog so it will slog.

[sidhujag]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

[chessnut]

hmmm..... If we were to see under 400 again, we would have to leave the almighty wedge again. let's see if support has reformed. H&S suggest support at 380.

[ChartBuddy]

Explanation

[JayJuanGee]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

[TERA]

If it's not obvious which direction to trade, don't trade. These consolidations are here to give you a break.

[podyx]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

2016 is delusional
Probably this year, perhaps 2015 though if things start to slow down

[podyx]

It appears as if we have a beartrap in progress

[JayJuanGee]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

2016 is delusional
Probably this year, perhaps 2015 though if things start to slow down

You mean that if I am suggesting that we may NOT see $7,000 until 2016, then I am being too much of a bear, and I need bull re-education?  Hehehe..... 

[TERA]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

2016 is delusional
Probably this year, perhaps 2015 though if things start to slow down

Probably this year? That means the price has to reverse out of this 1W downtrend, rally back to ATH, and then rally 600% on top of ATH, all within 9 months. It really doesn't look like that's going to happen at the rate things are doing and even when things are at their best it doesn't move that fast.

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

2016 is delusional
Probably this year, perhaps 2015 though if things start to slow down

You mean that if I am suggesting that we may NOT see $7,000 until 2016, then I am being too much of a bear, and I need bull re-education?  Hehehe.....  

Normally in an investment if you said you expected 1500% growth in 2 years, or 1500% growth in any amount of time ever, that would be phenomenal and unbelievable. And here people think that's bearish... This is such a cukoo nut job place.

[podyx]

Probably this year? That means the price has to reverse out of this 1W downtrend, rally back to ATH, and then rally 600% on top of ATH, all within 9 months. It really doesn't look like that's going to happen at the rate things are doing and even when things are at their best it doesn't move that fast.

True, might not see $7k this year but $5k definately

[Mervyn_Pumpkinhead]

Probably this year? That means the price has to reverse out of this 1W downtrend, rally back to ATH, and then rally 600% on top of ATH, all within 9 months. It really doesn't look like that's going to happen at the rate things are doing and even when things are at their best it doesn't move that fast.

True, might not see $7k this year but $5k definately

All on the presumption that bitcoin will get institutional funding and this happening is far from certainty.

[niothor]

ready for the greatest bull ride of your life? Coming sooon..

LOL sure;...!

K np see u at 7000

I like that.  What is the basis for $7,000, and when is it coming?  this year? or 2015?  or later? I think that $7,000 is fairly reasonable for 2016 or thereafter.  It is possible for this year and/or next year, but much less likely, especially for this year..  But never say never.. lot's of action going on in BTC behind the scenes and some wall street types seems to be considering aspects of BTC...

2016 is delusional
Probably this year, perhaps 2015 though if things start to slow down

Probably this year? That means the price has to reverse out of this 1W downtrend, rally back to ATH, and then rally 600% on top of ATH, all within 9 months. It really doesn't look like that's going to happen at the rate things are doing and even when things are at their best it doesn't move that fast.

People who have seen a mouse jumping 100 meters and can't believe a tiger can jump 10 , have a bit too much bone in their heads

[podyx]