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

[El Cabron]

His vassals are everywhere.  

 

[igorr]

MtGox in action.

[Gimmelfarb]

still looks pretty good for at least another leg up before some correction. maybe im wrong. but it feels good to bullish. sentiment is good, price is on a steady rise..... this summer is shaping up to be better than the last!!

[Ultros]

MtGox in action.

I'm so tempted to spam that blue/red chart in your face every single day from now. Oh the trolling appeal. Oh the internet. Hold me back.

[Davyd05]

At this point.. I'm amazed that after seeing people buying up large amounts of coins in a shortish period..you'd jump on the first dump to feed the same people buying a cheaper supply coins while they make a small flip profit if they happened to be who started the dump when we have moments of calm THIS is all opinion not a fact as to what is happening but I can't help but feel this way as it appears to have been happening for a week now.

[CoinDox]

I heard a statistic recently, I think on a Bitcoin Talk episode, that spoke about the overhead costs incurred for miners being around 550 million for last year. Keep in mind that those costs have to be paid in USD/JUAN/EUR... So, while I am happy to see that the recent balance has been broken with the miners constant selling factor being overcome, the question is for how long will it last. Merchant adoption is growing, and we all know the major PSP providers have to openly sell on the market to keep the lights on. The positive news cycle is in full swing though, so that will give this rally some legs. Summer should be interesting!

[blatchcorn]

I think $1000 is achievable on Monday.  China and Mt Gox are history now

[chessnut]

I think $1000 is achievable on Monday.  China and Mt Gox are history now

sounds crazy to me but hey when we hit that 'elbow' who knows what will happen.

[El Cabron]

I think $1000 is achievable on Monday.  China and Mt Gox are history now

sounds crazy to me but hey when we hit that 'elbow' who knows what will happen.

like Risto said, if everyone is done selling who wanted to sell, $1,000 could happen in hours. There are a lot of people sitting with a lot of worthless fiat.

[ChartBuddy]

Explanation

[CEG5952]

This consolidation is looking pretttty bullish.... I was planning on waiting for a swing down to 500 or a bit below, but I think I might jump on the train while we are hovering around $560. This is getting crazy!

[blatchcorn]

We are somewhere between 14-15

If we're lucky, yes.

Worst case I can see realistically is that we're at 13 (and go back another time to 400s, maybe high 300s, but won't make a new low).

Yup worst case is 13.  But if you look at 2 year chart, it does appear that 13 was the April 16th rally

April was a bloody mess, literally.

We are now at 15 

[Ultros]

[blatchcorn]

[Argwai96]

I don't mean to be interrupting all this choo chooing and all -- it's very fun. But I cant help but notice this on the below chart. Anyone think we are due for a correction yet? I think we could be on an overall up trend, but...

[blatchcorn]

We are looking at a new ATH, with or without a new bubble by the end of the year



I could have even started my trend line from the inception of bitcoin and it would have fit 

[hyphymikey]

Our Chinese friends have crossed 3500

[edwardspitz]

Our Chinese friends have crossed 3500

Well, just one of them so far 

[MahaRamana]

[rpietila]

On the bright side, ripple labs has not yet been accused of transporting minor boys across state lines for the purpose of sex.

Everybody should know that terrorism, pedophilia, drugs and money laundering are the crimes that only wrongthinkers are accused of doing. Since Ripple Labs sides with TPTB, they can continue their activities without interruption.