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

[niothor]

Why is it that bulls speak so emotionally and inappropriately while bears speak so calmly and rationally?

[Hunyadi]

Why is it that bulls speak so emotionally and inappropriately while bears speak so calmly and rationally?

Nice troll, currently in contention for the best of 2014'

 

[600watt]

Why is it that bulls speak so emotionally and inappropriately while bears speak so calmly and rationally?

 

[Kupsi]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

[niothor]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

If that includes the above mentioned "bears" , I don't even want to think how much we're going to wait for it.

[ChartBuddy]

Explanation

[Kupsi]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

If that includes the above mentioned "bears" , I don't even want to think how much we're going to wait for it.

 

[oda.krell]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

No, not really. Actually, not similar at all.

I'm pretty much neutral on the question whether the bottom is in or not, but last year, July to be precise, saw a pitch perfect reversal that I picked up comparably easily (and remember making a number of, cautiously, bullish posts about).

This year, assuming the bottom is in fact in, looks much more restrained, bordering on timid, both in volume and price development. I'm sure tera will be quick to jump in pointing to the weekly averages that saw a bearish cross this time vs. no such thing happening last year.

Anyway, the tldr is: last year the bottom was followed by a 2 month period of stable, probably linear (how novel!) growth. This year's "bottom" is followed by sheer stagnation. What conclusion to draw from this is up to you.

[wachtwoord]

My new view of the market:



I wouldn't be suprised to see flat for an entire year.

Even permabears are drawing uptrends again!

[Kupsi]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

No, not really. Actually, not similar at all.

...

I'm talking about the volume.

[Globb0]

There be dragons

[zimmah]

My new view of the market:



I wouldn't be suprised to see flat for an entire year.

Even permabears are drawing uptrends again!

pretty funny how someone can draw an exponential growth curve prediction and still be bearish.

#justbitcointhings

[oda.krell]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

No, not really. Actually, not similar at all.

...

I'm talking about the volume.

Me too.

Which of those two look more like  "Volume is slowly picking up again a month after the bottom" to you?






Possibly the 'reversal' is more stretched out this time, because the entire correction was more stretched out, so I'm not taking the above as proof that we must go down again. I'm just pointing out that, so far, they look pretty dissimilar to me.

[TERA]

Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.

[Kupsi]

3600BTC ....now volume is really pathetic, I think that any action will be a couple weeks after the Bitcoin Amestrdam conference.

It was like this after the bottom last summer too. People don't want to sell any more at this price. Now we just have to wait for the bears to turn into bulls again.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

No, not really. Actually, not similar at all.

...

I'm talking about the volume.

Me too.

Which of those two look more like  "Volume is slowly picking up again a month after the bottom" to you?






Possibly the 'reversal' is more stretched out this time, because the entire correction was more stretched out, so I'm not taking the above as proof that we must go down again. I'm just pointing out that, so far, they look pretty dissimilar to me.

You need to look at Gox which was the biggest exchange in 2013.

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zvzl

[Hunyadi]

Walls are getting pretty steep...

[wachtwoord]

Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.

No it was based on all your other posts. This post was actually bullish. That is what made me take note. Someone, who thus far was predicting the end of the world as we know it, switching to an (exponential) uptrend. I thought that was worthy to be mentioned

[TERA]

^^^ notice the difference between the two charts: In 2013 there was a spike down from 100 to 80 after the bottom but it immediately rebounded back up and spent all of the consolidation time near the high of 100 rather than near 80. In 2014 there is a spike down from 540 to 420 but there was no rebound and it is spending all of its consolidation time near 420 and nowhere close to 540.

[xalex]

According to my data, the number of new users learning about Bitcoin is still decreasing.

(This is an index number based on statistics from websites/webpages explaining about bitcoin.)

http://btc.pizzacat.net/threerabbitswithhatssittingonsantaslapdancingrockettothemoon/learnaboutbtc.png

Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.

[niothor]

Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.

And you just realized that ?