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

[kehtolo]

its all about darth raven
used to love pimping my lightsaber

This sounds..    ...wrong!

[studio1one]

Am I paranoid or are we starting to form a rising wedge?

[podyx]

Am I paranoid or are we starting to form a rising wedge?

Why would that be paranoid?

[dreamspark]

Am I paranoid or are we starting to form a rising wedge?

I think your being a little paranoid but its good to keep an eye on it.

I fully expect to see some gains when peoples fiat arrives for the day. If we can hold this throught the weekend monday could be fireworks.

[kehtolo]

Why would that be paranoid?

Because, usually a rising wedge is a bearish signal, whereas a falling wedge is taken as a bullish signal.

[kehtolo]

10 am EST i predict the $550.. let's see.

EDIT: $560

[podyx]

Why would that be paranoid?

Because, usually a rising wedge is a bearish signal, whereas a falling wedge is taken as a bullish signal.

Ah ok, thanks

[kehtolo]

Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.

[ChartBuddy]

Explanation

[studio1one]

Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.

https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281


ahthangyou

[kehtolo]

Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.

https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281


ahthangyou

I did read this today.. but I also saw it for myself. I saw one yesterday which behaved more or less as i expected it to, except it OVERSHOT my price prediction.. I thought ~536 - but it went as far as 541. This is why i thought i'd make a fun prediction today, see what happens. I'm not saying I'll be right, it's just for my own fun.

[dreamspark]

Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.

https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281


ahthangyou

It is a nice pattern forming, I would have thought though you would see a drop of more than $5 to complete a real handle. If the pattern does complete I'd expect a drop closer to the $505 area personally.

[kehtolo]

Meanwhile.. i think there is a cup and handle forming.. Meaning a rise to  ~$540 ... then slight fall back to around $535 or so.. before going up to about $555-$560 by around 10 am EST.

If you've notice i have a lot of ~ and made liberal use of the word 'around' that's because i'm only speculating.
Let's see how it plays out though.

https://bitcointalk.org/index.php?topic=178336.msg6889281#msg6889281


ahthangyou

It is a nice pattern forming, I would have thought though you would see a drop of more than $5 to complete a real handle. If the pattern does complete I'd expect a drop closer to the $505 area personally.

You're right.. it should drop more, i expect around $10 dollars in this case.. but not so much as $35 drop.
I'm basing this of my observation of yesterdays pattern. Which of course doesn't mean today's will be the same.. this cup has deeper 'sides'.. so.

[Hunyadi]

For facebook:

Roger Ver
30 minutes ago near Swiss Cottage Estate, Singapore
I need to contact Patrick Khajehtoorian right now!!! If anyone has his contact info or know where he lives. Please wake him up right now!!!!! Please have him call me ASAP!!! He has my number
Like ·  · Share
Kiyokazu Yamamoto likes this.

Eddie Darosa At 3am? You alright?
28 minutes ago · Like · 1

Rob Rash Probably some btc news. Sure he's fine
16 minutes ago · Like

Roger Ver I'm not fine! 10 point emergency!
16 minutes ago · Like

Roger Ver All my stuff is getting hacked! I need Patrick ASAP!
16 minutes ago · Like

[bamsbamx]

http://4.bp.blogspot.com/-dSA02oDqhPo/TtFfWy3F9nI/AAAAAAAAKCA/gw3dYdziBI8/s1600/324757_227912600611480_123621931040548_553443_336373051_o.jpg

[magicmexican]

I am still holding my ripples, i think huge pump is just around the corner..

[dreamspark]

You're right.. it should drop more, i expect around $10 dollars in this case.. but not so much as $35 drop.
I'm basing this of my observation of yesterdays pattern. Which of course doesn't mean today's will be the same.. this cup has deeper 'sides'.. so.

Yeah I agree $35 may be a bit much, will be a text book example if it completes nicely though. I can see us powering straight throught the target anyway tbh, always good to spot patterns and make predictions but Im not going to break my rule of not shorting into rallies it hurts too bad when you get it wrong and requires too much emotional stress if it runs away from you. After the stresses of the last few months its  nice to just watch the rollercoaster for a bit!

[wachtwoord]

For facebook:

Roger Ver
30 minutes ago near Swiss Cottage Estate, Singapore
I need to contact Patrick Khajehtoorian right now!!! If anyone has his contact info or know where he lives. Please wake him up right now!!!!! Please have him call me ASAP!!! He has my number
Like ·  · Share
Kiyokazu Yamamoto likes this.

Eddie Darosa At 3am? You alright?
28 minutes ago · Like · 1

Rob Rash Probably some btc news. Sure he's fine
16 minutes ago · Like

Roger Ver I'm not fine! 10 point emergency!
16 minutes ago · Like

Roger Ver All my stuff is getting hacked! I need Patrick ASAP!
16 minutes ago · Like

Wow, if FB is the best way to get a hold of someone you need in that situation you know you're fucked.

[kurious]

Darkcoin (DRK) up 30%. It's officially higher than LTC now, and will probably remain so. X11 is simply better than Scrypt

You should start selling those pretty soon.

I don't own any unfortunately. In fact, I've never owned any, period. I'll never buy an instamined scam-coin, but IMO most people will endorse it as the next "LTC" for the X11 algo

Even LTC looks useless to me right now. BTC is the only way to go.

Hmmm... You may have a point.

I'm not sure LTC will follow up as much this time, it's not always going to be Batman and Robin.

I have hunch a lot of funds going into DRK / MRO has been by cashing LTC rather than BTC, I say this as it is effectively what I did.

IMO LTC can't hang onto being No. 2 forever, people are looking beyond scrypt and there are options out there.  

Too many coins for LTC to fight against with just market cap and speed to offer.  Darwinian stuff.

EDIT: sense!

[dreamspark]

For facebook:

Roger Ver
30 minutes ago near Swiss Cottage Estate, Singapore
I need to contact Patrick Khajehtoorian right now!!! If anyone has his contact info or know where he lives. Please wake him up right now!!!!! Please have him call me ASAP!!! He has my number
Like ·  · Share
Kiyokazu Yamamoto likes this.

Eddie Darosa At 3am? You alright?
28 minutes ago · Like · 1

Rob Rash Probably some btc news. Sure he's fine
16 minutes ago · Like

Roger Ver I'm not fine! 10 point emergency!
16 minutes ago · Like

Roger Ver All my stuff is getting hacked! I need Patrick ASAP!
16 minutes ago · Like

What! Please don't tell me he's as competent as Mark and has his fortune on localbitcoins or something!