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

[TERA]

You draw the super-exponential rise in September.

These paths are drawn solely based on following lines from earlier in the chart (which tends not to work). I don't have any faith in the exactness of either of them and think of it more like a spectrum of possibilities.

[molecular]

I present the Matroska Cup & Handle pattern:

This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?

No, we will break $1260 according to this. Around October.

[Blue]

I present the Matroska Cup & Handle pattern:



$1000 bitcoin party around October... see you there

EDIT: which, by the way, has worked before very well:

handle side: man your cups are leaking /broken, all of them !!

[molecular]

handle side: man your cups are leaking /broken, all of them !!

true. Couple holes got punched in. Better use only liquids with high viscosity!

[wachtwoord]

I present the Matroska Cup & Handle pattern:

This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?

No, we will break $1260 according to this. Around October.

Why do you consider $1260 to be the ATH and not $1163?

[dreamspark]

We're moving the wrong way. Can someone please tell these people.

Its all these crazies I tell ye, in all honesty we know its going to $2000 so these people should just hurry up and get us there

[wachtwoord]

We're moving the wrong way. Can someone please tell these people.

Its all these crazies I tell ye, in all honesty we know its going to $2000 so these people should just hurry up and get us there

Sometimes it's nice to take your time

[TERA]

I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

[dreamspark]

We're moving the wrong way. Can someone please tell these people.

Its all these crazies I tell ye, in all honesty we know its going to $2000 so these people should just hurry up and get us there

Sometimes it's nice to take your time

I know I know, just this internet thing and all these on demand services have given the population the patience of a 3 year old

[dreamspark]

I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least

[wachtwoord]

I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least

ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect

[aminorex]

I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least

ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect

Reminder: An ETP will provide an inflow channel sufficient to support a second super-bubble (~100x last time)

[wachtwoord]

I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.

I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least

ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect

Reminder: An ETP will provide an inflow channel sufficient to support a second super-bubble (~100x last time)

The ETFs will be cataclysmic yes. Any ETPs expected besides the ETFs?

[GreekGeek]

Here is a bullish and a bearish possibility moving forward, though I am no longer placing bets on the downside as it is too risky at this point, even if that case were to materialize.

Stop loss at $460.

please get out of my mind

[TERA]

What is going on at Cryptsy?

[billyjoeallen]

What's notable is that Trolfi admitted he couldn't be argued out of his position, so only empirical evidence will convince him.

The original poster asked what I would consider proof of success.  Obviously that can only be empirical.

Logic can only change someone's expectations of success.  I could be argued out of my position, but I see big flaws in the supporter's arguments (like "the price will go to the moon because the supply is limited") which they refuse to acknowledge. Why should I change my expectations then?

That's bullshit. I asked you what it would take to convince you of the merits of Bitcoin and you responded that I shouldn't bother to even try. For an academic, you don't appear to have a strong understanding of your own thought processes. You appear to use reason and logic only in an ex post facto attempt to rationalize beliefs you obtained though other than rational means.

Again, what is the economic framework you are operating under? Classical, neoclassical, Keynesian, monetarist, Austrian or other? Do you even know? Your economic model (assuming you even have one) is not intuitively obvious to your interlocutors. Without some common frame of reference your communication is so poor that many assume miscommunication and sophistry is your aim. It's getting rather difficult to avoid that conclusion.

[aminorex]

560 support has held.  Next supports would be 520 and 480.  Outlook is biased bullish unless 600 is rejected again.  (My excessively precise buy point is 599.17.)  Magic monkey is not impressed, however.  I don't expect much adrenaline to flow this week in bitcoin.

I know of no ETPs other than those announced and filed in the U.S., but if history is any guide, I would expect one to list in London in 16 months or less.  The Winklevoss fund would suffice, I think.  Flash smash 50k in a clock time on the order of milliseconds would be conceivable, were it not for circuit breakers.  Infrastructure there is amazing.

[ChartBuddy]

Explanation

[Blue]

We're moving the wrong way. Can someone please tell these people.

Someone misconfigured Willy. Someone call Mark!

I just did.

He said Willy spawned a virus that took control of his electric razor

and the razor then tried to skin the cat.

[Blue]

I present the Matroska Cup & Handle pattern:


$1000 bitcoin party around October... see you there

EDIT: which, by the way, has worked before very well:

can there be a cup & handle inside a cup & handle ?

This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?

Very imaginative

wow you have that recursive retro tea pot from James Blinn, early computer graphics research in the late 70s