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

[shmadz]

article was just mentioned on tradingview:

http://www.dailymail.co.uk/news/article-2609971/Disturbing-new-internet-child-abuse-sees-toddlers-raped-burned-live-webcam-paedophiles-use-Bitcoin-stop-traced-warns-police-chief.html

As always, media prefer to report sick things done by 0.0000001% of the population, rather than the good done by a ridiculously bigger number. For every article like this one, there should be thousands about the potential contributions of cryptocurrencies to a global economy, about the millions of dollars given to charity by communities related to cryptos, and about how cryptocurrencies are currently teaching so much about economy to all those who take the time to read about them, and making a whole generation rethink what was almost unquestionned about fiat currencies.

How perverted they are.

well said.
sadly i expect more and more of this stuff to show up the bigger the threat of bitcoin grows for existing structures.
populism has always been the best instrument to move the masses.

the old paradigm will not go down without a fight.

interesting times indeed.

*edit* I should have said "the ancient paradigm"

This shit has been going on for thousands of years.

[hlynur]

well said.
sadly i expect more and more of this stuff to show up the bigger the threat of bitcoin grows for existing structures.
populism has always been the best instrument to move the masses.

Thankfully, the decentralised nature of internet and cryptocurrencies offer a great medium of resistance against the existing structures. I'm sure more and more people will get tired of their shit and start to use rationality.

depends on the scale of education & free speech/thinking in a society and how much the internet will stay decentralised in the coming years.
i haven't seen too much rationality talking to john does about the snowden affair so i don't expect that to change as long as facebook isn't blocked.
it seems there's still a lot of room to make things worse until people start to oppose.
social networks' role during arab spring was definitively an aha experience for the class in charge to make plans for the future.

[ChartBuddy]

Explanation

[Richy_T]

This concept loses its meaning in forex.  

Yes and no. If you have ways of using the foreign currency, you do not have to "cash it out" but if you need to turn it back into your local currency, then it is just like cashing it out. Having inherited pounds but living in a dollar world, that is my life. Of course, from time to time if I go on vacation, I get to spend some pounds.

[windjc]

Breakout - high or low - is coming soon.

The triangle is closing.

[chessnut]

Breakout - high or low - is coming soon.

The triangle is closing.

can you give us an illustration of the triangle?

[keithers]

Breakout - high or low - is coming soon.

The triangle is closing.

We are overdue for a solid rally, so I am hoping for a breakout high.  We have had plenty of opportunities to stock up on lower priced BTC lately, and with the amount of adoption occurring daily, it is only a matter of time until we have a significant rise..

[ChartBuddy]

Explanation

[keithers]

we are lacking sufficient buy support for a strong rally ATM though.  It's weird though how all the buys just come out of the wood works when prices start climbing.   I know there is a lot of cash waiting on the sidelines, but it is truly amazing how quickly it all floods in...

[qbd1313]

I think BTC/USD will be 1/2000$ In 2014

[shmadz]

we are lacking sufficient buy support for a strong rally ATM though.  It's weird though how all the buys just come out of the wood works when prices start climbing.   I know there is a lot of cash waiting on the sidelines, but it is truly amazing how quickly it all floods in...

ahh, keithers, I think I remember you from the ole days, but now my memories are fading,

one thing seems consistent, that cash on the sidelines always seems to flood in when you're least expecting it...

[billyjoeallen]

we are lacking sufficient buy support for a strong rally ATM though.  It's weird though how all the buys just come out of the wood works when prices start climbing.   I know there is a lot of cash waiting on the sidelines, but it is truly amazing how quickly it all floods in...

ahh, keithers, I think I remember you from the ole days, but now my memories are fading,

one thing seems consistent, that cash on the sidelines always seems to flood in when you're least expecting it...

The only people I know with a lot of cash made it from selling. so why the hell would they buy back unless the price drops?

[dropt]

we are lacking sufficient buy support for a strong rally ATM though.  It's weird though how all the buys just come out of the wood works when prices start climbing.   I know there is a lot of cash waiting on the sidelines, but it is truly amazing how quickly it all floods in...

ahh, keithers, I think I remember you from the ole days, but now my memories are fading,

one thing seems consistent, that cash on the sidelines always seems to flood in when you're least expecting it...

The only people I know with a lot of cash made it from selling. so why the hell would they buy back unless the price drops?

Surely you can work the logic out on that one for yourself.

[silverfuture]

I see very little downside for the price for the next two months with a possible slight and brief exception. We (most likely IMO) are going sideways and up... get ready for rocket moon bull trains on mars by end of June at the latest.

People start to buy in tepidly at first and gain confidence as time goes on and price goes sideways and slightly up for a while. Soon, bad news doesn't seem to affect price at all and any good news seemingly shoots the price up with ease.

[ChartBuddy]

Explanation

[Guinpen]

https://i.imgur.com/oVJp4tB.jpg

[akujin]

what's up with that dump at btc-e? LOL 

[OldGeek]

what's up with that dump at btc-e? LOL 

That's a really good question.

[ShroomsKit]

I really thought we would be going up but i have a feeling it might go the other way again soon.
I think it's because the 5 or so times we did go up someone dumped on it right away. Can't blame people for not buying anymore.

[chessnut]

long consolidation lasting days. this contracting wedge needs to break out soonish, rule of thumb, it will continue in the direction in came. UP.
breaking support at 470ish is quite bearish, although this has been proven very hard to do in bearish cases in the last few days. there is much support.