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

[podyx]

Tomorrow should be the day to make mad stacks

[chessnut]

Tomorrow should be the day to make mad stacks

one way or the other  which way are you thinking??

[ChartBuddy]

Explanation

[keithers]

Price point of $500 seems to be the psychological barrier right now. We rise above and fall slightly below, but ultimately gravitate back towards $500

[fr33d0miz3r]

Price point of $500 seems to be the psychological barrier right now. We rise above and fall slightly below, but ultimately gravitate back towards $500

The next possible psychological barrier is $0. We can't go below $0.

[podyx]

Tomorrow should be the day to make mad stacks

one way or the other  which way are you thinking??

I'm thinking a healthy bear trap before we see any upwards movement

[fr33d0miz3r]

Tomorrow should be the day to make mad stacks

one way or the other  which way are you thinking??

I'm thinking a healthy bear trap before we see any upwards movement

Agreed. A healthy bear trap to $266

[windjc]

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.

There. You drew it for me. Good job!

[ChartBuddy]

Explanation

[windjc]

If someone with 5000+ coins wanted to make some quick money, they could dump their bitcoins anytime (not all at one time of course) over the next 24 hours and break us out of the triangle to the downside and people would join the bear party. Similarly someone could do it to the upside too, but, in this case I think there are more people with the bitcoins who could do this than with the cash to do the opposite.

[windjc]

An attempted breakout to the downside out of this triangle.



If we go below 3060, it will not be bullish.

[dreamspark]

Just wait until the new fiat hits the exchanges as theres been no deposits for four days. I think its quiet bullish that we maintained the price we did.

[surfer43]

Love the poll. 

price tomorrow?

    high
    super high
    super-duper high
    BUY BUY BUY!
   

[dreamspark]

Also the 3D MACD is due to cross today aswell.

[windjc]

Just wait until the new fiat hits the exchanges as theres been no deposits for four days. I think its quiet bullish that we maintained the price we did.

Yes. That mysterious allusive fresh fiat that we haven't seen since December 3-4.

Maybe it arrives. And the 3 day MACD just turned green on Houbi. These are the bulls only real hope at this point.

[gizmoh]

Maybe it arrives. And the 3 day MACD just turned green on Houbi. These are the bulls only real hope at this point.

Buy the Rumor, Sell the News.
3D MACD green on huobi, china dumps. 

[chessnut]

Maybe it arrives. And the 3 day MACD just turned green on Houbi. These are the bulls only real hope at this point.

Buy the Rumor, Sell the News.
3D MACD green on huobi, china dumps. 

 

haha nice one!

is PBOC going to make an announcement about the 3d macd? 

[windjc]

Yeah, I don't see the 3 day MACD playing a huge role here. Maybe, but to me its all about whether there are new buyers with fresh fiat ready to push us higher. There's plenty of daytraders willing to go lower or higher depending on the current. But the current has been south for 5+ months because of a lack of fresh money.

[JorgeStolfi]

Bitcoinwisdom down?

[dreamspark]

Bitcoinwisdom down?

That appears to be the case Prof.