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

[ChartBuddy]

Explanation

[Judas_Iscariot]

I want so badly to put Jesus Christ on ignore, but I just can't bring myself to do it.

Do it, I might give you 30 pieces of silver...

[Gingermod]

Explanation

Dat supportttt

[derpinheimer]

I want so badly to put Jesus Christ on ignore, but I just can't bring myself to do it.

Do it, I might give you 30 pieces of silver...

Did shrooms ever buy all the bitcoins?

[watcoin]

"He who holds his coins will enter the kingdom of Satoshi" - Me.

Cool story bro. Anyone got 30 pieces of silver so I can dump my BTC?

How much BTC?

[Jesus Christ]

How much BTC?

Don't do it! Speaking from experience, that guy will SCREW you over!

[greenlion]

TERA, very interesting. So it means that currently resistance is $678 and support $566? I think we also have a smaller resistance now at ~$650, which coincides with sMA 200 and the neckline from recent triple top.

If you draw the bottom at $340, then you have support at $530 and resistance at $650. If you draw the bottom at $380, then you have support at $560 and resistance at $675. I'm not sure which one to use.

Both are in play at the same time.

[adamstgBit]

How much BTC?

Don't do it! Speaking from experience, that guy will SCREW you over!

after 6 confirmations

who gives a shit!

[KFR]

I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).

I have run out of painkillers, which is making me grumpy.  I am rather annoyed with the monkey as well.  If I report his cogitations (which are always indecisive until he calls a turn)  I risk my own reputation.  Oh well, I am pseudonymous for a reason:

Monkey says 625 on the 10pm bar was a low.  (He decided that at midnight, two hours later, with the price at 638.50.)  Monkey likes the upside for at least 4 more hours, considers 656 likely resistance.  EDIT: Monkey changed his mind and thinks its going down for 5 hours now.

On a daily basis, monkey is expecting to stay biased long until next Tuesday.  He first started to like the upside on the 16th, which was a pretty good call, methinks.  He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.

On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013.  He failed to call that top out clearly, although he was on the verge of doing so.  He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.

Disclaimer:  The monkey swills expensive single malts constantly.  Invest accordingly (i.e., in distillers).  Monkey is a fuzzy reasoner.

[img]

Sorry for my ignorance but what the fuck are you guys calling magic monkey? Is it a price prediction model?

Sigh. Evolutionary psychology 101:
Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'.
In Aminorex's case, these instinctive functions also include financial modelling.
Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.)
What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention.
Ignore it at your peril.

Well said Cassius.  

While we're here: http://www.youtube.com/watch?v=fWtDB3poavw

[akujin]

600 sell wall on finex!  


-- fail 

[Judas_Iscariot]

after 6 confirmations

who gives a shit!

Exactly! Now, does anyone know where Satoshi is? Some religious priests are willing to give me 21 million silver coins if I turn him in. I will even consider splitting the reward.

[adamstgBit]

640?
NEVER AGAIN!

[ChartBuddy]

Explanation

[Taras]

Goodbye, fiat.
Hello, more coins.

[Mythul]

So nice to be in a bull market 

[hyphymikey]

[MaxwellsDemon]

I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).

I have run out of painkillers, which is making me grumpy.  I am rather annoyed with the monkey as well.  If I report his cogitations (which are always indecisive until he calls a turn)  I risk my own reputation.  Oh well, I am pseudonymous for a reason:

Monkey says 625 on the 10pm bar was a low.  (He decided that at midnight, two hours later, with the price at 638.50.)  Monkey likes the upside for at least 4 more hours, considers 656 likely resistance.  EDIT: Monkey changed his mind and thinks its going down for 5 hours now.

On a daily basis, monkey is expecting to stay biased long until next Tuesday.  He first started to like the upside on the 16th, which was a pretty good call, methinks.  He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.

On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013.  He failed to call that top out clearly, although he was on the verge of doing so.  He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.

Disclaimer:  The monkey swills expensive single malts constantly.  Invest accordingly (i.e., in distillers).  Monkey is a fuzzy reasoner.

Sorry for my ignorance but what the fuck are you guys calling magic monkey? Is it a price prediction model?

Sigh. Evolutionary psychology 101:
Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'.
In Aminorex's case, these instinctive functions also include financial modelling.
Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.)
What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention.
Ignore it at your peril.

This is why I bother to wade through these abominable forums. Once you've macheted your way through the thicket of unabashed trolling and relentless stupidity, you can find some real gems 

[adamstgBit]

[amitrwt]

back n forth n back n forth n back n forth
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market 

[Pruden]

In the stock market, bullishness from investors is a contrarian omen when seen after a bull market has fully developed, and a very good, straight, indicator after the first signs of reversal coming from a bear market. In my opinion, the latter case is of application to the current Bitcoin market.