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

[dnaleor]

breakout is very much possible today!!

downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD

[windjc]

Decision time.

Testing lower trendline of this rally on NO news.

Very bearish if support gets broken here, imo.

[windjc]

breakout is very much possible today!!

downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD

What if it breaks down?

[dnaleor]

breakout is very much possible today!!

downwards trendline is at 466 USD
Recent uptrend will cross downtrend in 36 hours at 456 USD

What if it breaks down?

then we are all fucked and I will not be able to retire when I am 26 years old



edit: crucial support tested as we speak:

[Dabs]

Looks like a brontosaurus. Or some dinosaur.

[ChartBuddy]

Explanation

[flynn]

Looks like a brontosaurus. Or some dinosaur.

These are the magic words. Add a double or a triple-bottom, and it'll skyrocket

[magicmexican]

http://www.savegox.com/?page_id=35

if anyone cares, interesting read

[blatchcorn]

Yeah I am just going to hold and wait for this to all blow over.

[ChartBuddy]

Explanation

[JorgeStolfi]

Dump like that is likely by someone with inside info. Expect a bad news article soon.

I didn't watch the trades at the time, but from the 1m chart I would say that someone at BTC-e suddenly sold all his coins into walls at 435 and 430, and marched out, stomping and slamming the door.

Another 43 like him and the price will be down to single digits.

Another 44 like him...

[JorgeStolfi]

http://www.savegox.com/?page_id=35
if anyone cares, interesting read

There is also a thread that discusses that proposal, with QA from their PR guy:
https://bitcointalk.org/index.php?topic=587295.0

Frankly, to me it looks like the goal of the project is to prevent a police investigation of what happened at MtGOX.

The police can subpoena Mark and the banks to get the identities of suspect MtGOX customers and the bank accounts of suspect insiders.  A private investigator cannot do that.  That for starters.

[xulescu]

http://www.savegox.com/?page_id=35

if anyone cares, interesting read

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0

Looks like the plan IS to get the police in.

[ShroomsKit_Disgrace]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0

Looks like the plan IS to get the police in.

WHAT THE ACTUAL FUCK is this? OMG! 

[JorgeStolfi]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0
Looks like the plan IS to get the police in.

Very interesting read indeed.

(But what a funny definition of "police" you have got there...  )

Interesting that Sunlot is based in Cyprus.  Could perhaps there be a connection to mysterious Mr. Brewster, whose past before going to Cyprus seems to be clouded in mystery denser than Mr. Karpelès's frappucinos?

[ChartBuddy]

Explanation

[xulescu]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0
Looks like the plan IS to get the police in.

Very interesting read indeed.

(But what a funny definition of "police" you have got there...  )

Interesting that Sunlot is based in Cyprus.  Could perhaps there be a connection to mysterious Mr. Brewster, whose past before going to Cyprus seems to be clouded in mystery denser than Mr. Karpelès's frappucinos?

Police is an institution, like State or Law or Church. From the Gendarmery to the SS or Three-Letter-Acronym-Agencies. They are state mandated violence (not debating right or wrong here).

I don't think there's anything remarkable about Cyprus. It's just the perfect place to run a hit-and-run money operation and that's why EVERYONE uses Cyprus.

[niothor]

The non-statist version: https://bitcointalk.org/index.php?topic=590970.0
Looks like the plan IS to get the police in.

Very interesting read indeed.

(But what a funny definition of "police" you have got there...  )

Interesting that Sunlot is based in Cyprus.  Could perhaps there be a connection to mysterious Mr. Brewster, whose past before going to Cyprus seems to be clouded in mystery denser than Mr. Karpelès's frappucinos?

Police is an institution, like State or Law or Church. From the Gendarmery to the SS or Three-Letter-Acronym-Agencies. They are state mandated violence (not debating right or wrong here).

I don't think there's anything remarkable about Cyprus. It's just the perfect place to run a hit-and-run money operation and that's why EVERYONE uses Cyprus.

So now that the Chinese have finally calmed down a little , do we get series of FUD from the gox ghost?

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

[JorgeStolfi]

So now that the Chinese have finally calmed down a little , do we get series of FUD from the gox ghost?

I don't see how those news could affect the price.  The MtGOX drama has slowed down to court speed, so it will be a year or more before it moves any coins or changes the market's perception of bitcoin's future.

By the way, is there any estimate of the amount of bitcoins (and other altcoins) currently sitting in all the exchanges' wallets?  More importantly, of the coins "on the market" -- in the those wallets, or in the hands of traders who could quickly bring them in for speculative trade?  It would be interesting to compare that to the MtGOX heist...

[xulescu]

Also I thought that Cyprus was no longer a safe heaven for hit and run  stuff , and that since last April .

I think many did. But then other things happened out of Cyprus as well, not least the Neo/Bee failwagen.

I've started to believe Cyprus was mostly bail-in beta and moving some oil-igarch money to London/Berlin. I don't think any meaningful regulation changed.