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

[JayJuanGee]

Do you think Ripple is the future ?

There's only one person who thinks that ripple is the future!

Hehehehe... a network of 1.

[ChartBuddy]

Explanation

[mah87]

Do you think Ripple is the future ?

There's only one person who thinks that ripple is the future!

Hehehehe... a network of 1.

what if you are wrong ?

[JorgeStolfi]

Chinese Slumber Method prediction for Monday April 21

Prediction valid for: Monday 2014-04-20, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3097 CNY
Bitstamp's predicted price: 496 USD





Plot legend

Today's data point was fair, (S = 0.0 035 W = 0.782) and, like the previous one, totally off the trend of Apr/16--18.  Whatever external causes sustained that trend must have ceased, so it is appropriate to start a new trend, the straight line defined by the last two points.  Namely, A + B*(d-d0), where d-d0 is the number of days since Apr/19, A = 3153 and B = -28.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.24 CNY/USD. It was 6.25, 6.26, 6.18, 6.21, 6.23 at the last five Slumber Times.
 
Checking the previous prediction

Prediction was posted on: Saturday 2014-04-19, 23:37 UTC
Prediction was valid for: Sunday 2014-04-20, 19:00--19:59 UTC (~19 hours later)

Punished for my stubborness:

Huobi's predicted price: 2788 CNY
Huobi's actual price (L+H)/2: 3125 CNY
Error: 337 CNY (~54 USD)

Bitstamp's predicted price: 450 USD
Bitstamp's actual price (L+H)/2: 500 USD
Error: 50 USD
 
NOTE:
  "On two occasions I have been asked, 'Pray, Mr. Babbage, if you
  put into the machine wrong figures, will the right answers come out?'"

[chessnut]

if you like to use head and shoulders...
twice rejected by support. I am still expecting 580 in the coming days.

[aminorex]

fractal inverse batman heads alert

[mah87]

fractal inverse batman heads alert

this is a Joker reversal trend, obvious.

[chessnut]

fractal inverse batman heads alert

hmm cant see why you say fractal but yeah batman heads watever. not my cup of tea. best to be in before this happens.

[mah87]

What do you guys think?  Price seemed un effected by the easter holiday.  What will next week bring us?

Probably a harsh crash, the hype is going down  and bitcoin has no utility

[solex]

...

Only a few more weeks until Dogecoin overtakes Ripple.
http://coinmarketcap.com/

[mah87]

...

Only a few more weeks until Dogecoin overtakes Ripple.
http://coinmarketcap.com/

yeah, talking about marketcap with crypto is quiet meaningless to me. Real question about Ripple don't you think you may be wrong about it ? I mean well known economist are part of the team now https://ripple.com/blog/welcome-susan-athey-to-ripple-labs/
and they are still hiring and working hard on the protocol.

Bad trolling appart , what do you think ?

[bigdave]

Looks like we may be headed downward soon. Huobi is slowly inching down.

[ChartBuddy]

Explanation

[solex]

...

Only a few more weeks until Dogecoin overtakes Ripple.
http://coinmarketcap.com/

yeah, talking about marketcap with crypto is quiet meaningless to me. Real question about Ripple don't you think you may be wrong about it ? I mean well known economist are part of the team now https://ripple.com/blog/welcome-susan-athey-to-ripple-labs/
and they are still hiring and working hard on the protocol.

Bad trolling appart , what do you think ?

Yes. Saw that item about Athey, and agree that the value of XRP is not massively important. I remain unconvinced about the trust model, and the utility of its gateways. It works, but does it have the potential of even NXT or Etherium, let alone Bitcoin?  I will watch longer before investing in XRP.

[pepo]

HAHA , its not going to collpase , tomorrow 520. 8 months 1500 or more.

[Post-Cosmic]

...

Only a few more weeks until Dogecoin overtakes Ripple.
http://coinmarketcap.com/

HA HWAH HAWAHAA - Nice one, giving that joker a taste of his own coin-trolling medicine ;p

Not a week goes by without this farcical clown bringing us yet another dose of hilarious entertainment w/ his inane XRP-pumping rhetoric 

And sorry but daim that Athey woman was such a perfect milf babe in some of the longer-haired younger pics.. whoah ;o

[nioc]

Looks like we may be headed downward soon. Huobi is slowly inching down.

Has Huobi ever inched slowly down before?

[ChartBuddy]

Explanation

[chessnut]

next 12 hours.... here it comes  



significant reaction to EW analysts.

[KFR]

Ummm ....

https://bitcoinwisdom.com/markets/okcoin/ltccny

Edit:  Seems to have lifted off there a couple of minutes before Huobi et al.  Didn't analyse it - just an impression fwiw.