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

[Bagatell]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

The worst someone can do here is tell others to buy and sell. That is up to you.

I think this too but the advice of many others months ago has saved me loosing 50% of what I have to invest. I make my own decisions still but there are others who know better. I don't listen to newbies for a start

KFR said it all earlier.

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[mmitech]

this pump is really interesting, now it has to keep going up at least 5% a day to think about a forming bubble...

[michaelGedi]

one thing I question about these 4k-7k figures mentioned regularly is that they are becoming "common knowledge".

Yet the wall st big boys may have other plans, (they can read internet forums too you know)... ie, pump it way beyond everyones expectations and dump it well below. Just a thought

[KFR]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

The worst someone can do here is tell others to buy and sell. That is up to you.

I think this too but the advice of many others months ago has saved me loosing 50% of what I have to invest. I make my own decisions still but there are others who know better. I don't listen to newbies for a start

KFR said it all earlier.

Well that's a tempting candidate for a new sig if ever I saw one.  Thanks. 

[oda.krell]

this time, it's launching from 450

my question to you is, when are you selling?

I have a resolution of not selling any below 2000.

I think that's an easy one to keep because the sell zone in the exponential trendline starts at earliest +0.4 points and we are there earliest mid-July at 4700. If it postpones till August or longer, it also goes higher.

I aim to sell at the top only, probably starting at 3000 and when it feels toppy. Apr-2013 my selling plan had just started the day before collapse. Nov-2013 I was too early (675) but managed to sell in bulk. It is hard to know the shape of the bubble top.

The ambitious plan is to buy back the same number of coins in the following crash, and use the proceeds to finish the castle repairs and miscellaneous expenses.

sounds like a good plan   

i wonder how this guys projected top is "only" at $ 1356 ??

http://www.geekcipher.com/technology/bitcoin-price-breakout-on-may-20th-2014/

my own guess is a top between $ 3000 and 7000 followed by a 60% drop

I agree with the prognosis of a top anywhere between 3000 and 7000.
I will not start selling below a certain price point, and I don't know how this guy came to the 1356$ ath conclusion, but comparing all the previous trends and bubbles,
there's no way this train will stop so low 

someone has calculated that in all previous cases the low after a top has historically always been between 1.85 and 2.2 times the previous high.

Since the previous high was about 1200 (not counting the gox price) the next low should be somewhere between 2220 and 2640

The next high should be somewhere between 4500 and 7000 or so, but most likely in the $5000 range with a good chance of $6000.

He or she calculated wrong then.

For the current cycle, the low was 340, about 1.28 times higher than the previous high of 266.

Amd if you follow the bearish EW crowd, the final capitulation bottom isn't even in yet.

[ChartBuddy]

Explanation

[JimboToronto]

all the usual trolls out on the prowl. TTM & CCMFs.

It's strange that you consider TTM and CCMF to be trollish.

When I think of trolls, I think of Karhu, "confirmed" and "URGENT... BTC will fail".

To each his own, I suppose.

Sorry for the horrible grammar on my part.
The trolls are Fonzie and mah, and sometimes wally, the list is endless. Perhaps I should have spaced the CCMFs and TTM on a different line far away from the other statement. My point was in lieu of all the recent sky is falling naysayers↑↑↑, it seems as if it were time to board a train or something like it.  

Thanks for the clarification. Sorry I misinterpreted your post.

There are trolls and then there are trolls. Some are truly humorous like ElectricMucus or occasionally Jaroslaw/Walsoraj, while others like Mat, Mah, Fonzie or Igorr are just tiresome and annoying.

I sometimes wonder if some people consider me a troll for posting silly bear pictures or referring to those who take traditional TA far too seriously as "cultists". Since they stopped using colored ignore buttons, it's hard to tell.  
_______

P.S. How could I have failed to mention Proudhon the most elegant and subtle of all the trolls?

[Erdogan]

We can not have 10% rise each day at this stage of the bubble cycle. It's too fast. I suspect it will be hovering around 500 for a few days. After a few weeks, we can accelerate.

When we have a doubling of price in 8 hours, be cautious.

[ChartBuddy]

Explanation

[ShroomsKit]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

You met someone who could predict the future? Can i have his number please?

[simtal]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

You met someone who could predict the future? Can i have his number please?

No I met someone who knows how to draw all the pretty lines that people draw around here and his lines said don't buy yet. He may not know for sure but he did predict the future and save me 1000's.

[Erdogan]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

Just wait until someone tells you to buy. If it goes sour, blame him. If nobody shows up, and you loose, blame all the rest. It's brilliant, someone to blame in all cases.

Just get in. You need nerves of steel to wait longer.

[Asrael999]

a pause for breath - or out of fiat?

[ShroomsKit]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

You met someone who could predict the future? Can i have his number please?

No I met someone who knows how to draw all the pretty lines that people draw around here and his lines said don't buy yet. He may not know for sure but he did predict the future and save me 1000's.

You seriously think anybody here can predict the future by drawing lines? Come on. How many millions does that guy make per month? He must be filthy rich right?
You/he got lucky. That's all.
Never take investment advice from anyone here. There is not one person here who knows where Bitcoin will go tomorrow let alone in a few months from now. 90% or probably more of these people drawing lines lose money. They just won't tell you of course. Bitcoin doesn't follow lines. It's that simple.
Ask any of these people who draw lines how many millions it made them. They will come up with tons of excuses but never that drawing lines simply doesn't work.

[ChartBuddy]

Explanation

[simtal]

Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?

You met someone who could predict the future? Can i have his number please?

No I met someone who knows how to draw all the pretty lines that people draw around here and his lines said don't buy yet. He may not know for sure but he did predict the future and save me 1000's.

You seriously think anybody here can predict the future by drawing lines? Come on. How many millions does that guy make per month? He must be filthy rich right?
You/he got lucky. That's all.
Never take investment advice from anyone here. There is not one person here who knows where Bitcoin will go tomorrow let alone in a few months from now. 90% or probably more of these people drawing lines lose money. They just won't tell you of course. Bitcoin doesn't follow lines. It's that simple.
Ask any of these people who draw lines how many millions it made them. They will come up with tons of excuses but never that drawing lines simply doesn't work.

No of course not I was doing the sarcasm. Im just saying you cant say always dont take advice off people (not here) because I took the advice and it saved me lots of money. This has bubbles all the time and so most people seemed to have known it was going to crash and then gox and China ruin it as well. People had very good arguments in decemeber why it would go down more so I wanted to see if anyone had the opposite argument for why it might go up.

[Bagatell]

People had very good arguments in decemeber why it would go down more so I wanted to see if anyone had the opposite argument for why it might go up.

Have you seen this?

Slippery Slope's Million Dollar Logistic Model

https://bitcointalk.org/index.php?topic=366214.0

[simtal]

People had very good arguments in decemeber why it would go down more so I wanted to see if anyone had the opposite argument for why it might go up.

Have you seen this?

Slippery Slope's Million Dollar Logistic Model

https://bitcointalk.org/index.php?topic=366214.0

Never seen this, will research and read now.

Thanks

[prophetx]

there is clearly an urgent need for some dinosaurs

LOL

Thank you Sir. You saved the day !

There is definitely  a correlation between Bitcoin's price and the number of dinosaurs in this forum

Is that a Pimposaurus?

[Cassius]

People had very good arguments in decemeber why it would go down more so I wanted to see if anyone had the opposite argument for why it might go up.

Have you seen this?

Slippery Slope's Million Dollar Logistic Model

https://bitcointalk.org/index.php?topic=366214.0

I am rather sceptical about this. Not because it's a bad model overall, but because I suspect the amount of fiat coming in does not correlate well to adoption. Namely, over-represented speculators must have vastly over-pumped the market, so it's hard to tell where we 'should' be at this point.