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

[Bitcoin_is_here_to_stay]

Whales are desperately trying to 'paint' a head and shoulders pattern they started on May 4th.

Don't let them win!  Don't give in, hodl!  

Yeah, this last drop went below putative head and shoulders neckline

https://www.tradingview.com/v/q3nV14D3/

[fonzie]

You all can hodl as long and as much as you want(this won´t prevent the crash), the real question is how much pain can the Finex leveraged long holders take? It should get funny around 620-630$

 


PS: Also, China Ban! soonish

[JayJuanGee]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

More important question is - why would every bubble look the same?

To me, it seems that Hyphymikey is referring to the overall trendline and its upward direction from bubble to bubble, and in that regard, Hyphymikey does NOT seem to be referring to the price pattern of any particular bubble resembling another but instead, he may be referring to the timeliness of when an investor or a HODLR could reasonably expect the next bubble to take place. 

We can use an overall trendline to see past performance and to gauge probabilities of another bubble occurring while at the same time realizing that there will likely exist some degree of variance between bubbles, in terms of their size, their intensity, their timing and/or even whether they are explosive or gradual.

Even though frequently posters will accuse other posters of being naive in their outlook (their optimism or pessimism) towards bitcoin; however, a large majority of us realize that the overall specifics of BTC price performance retains a considerable amount of variance.

[YogoH]

here




More http://imgur.com/a/eNTR1#lWHqwDV

[fonsie]

PS: Also, China Ban! soonish

Always nice to hear that we are going to ban China, good riddance. Glad to see you turning bullish.

[boumalo]

The big players are waking up and making moves

A Bitcoin millionaire has been playing huge on JD and lost 500BTC an hour ago

[fonsie]

I am offering 5000BTC at a 10% discount for sale via Paypal. PM me if interested, otherwise i will dump them in Bitstamp with a market order in 12 hours.

Did you market sell already? Or didn't mommy let you?

[samsonn25]

You only lose if you buy high and sell low. 

Or sell low and buy back high.

[Bitcoin_is_here_to_stay]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

More important question is - why would every bubble look the same?

Surface tension.
Less facetiously, there is a classic bubble progression - Google "Anatomy of a Bubble". Bitcoin does seem to do it well for some reason.

I agree in the large term scale - but for trading successfully, we need more details.

In terms of very long term view, just go long anytime now, should be fine 3-5 years from now Or a year.

[CoinHamster]

triangle on bitstamp will close in about 10h:


 

You are telling us that in 10 hours value will go down?

sorry, seems so.
didn't really expect that
actually it seems trend starts following a new line downwards 
 

 

[JayJuanGee]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

More important question is - why would every bubble look the same?

Surface tension.
Less facetiously, there is a classic bubble progression - Google "Anatomy of a Bubble". Bitcoin does seem to do it well for some reason.

Whether you describe upward price projection as a bubble or as a series of bubbles, past performance of rhyming of patterns does NOT indicate that the future performance patterns are going to follow similarly.... though there is some eeriness to the similarity of the bubble patterns.

Oh yeah, and by the way, it seems that description of bubble has various negative connotations, even suggesting that bitcoin is a short-lived phenomenon... which really does NOT seem to be the case.

And frequently, if we look at a bubble pattern, described in Anatomy of a Bubble, some people will question whether the anatomy applies to bitcoin, and if it does, then where exactly is the current status of bitcoin on the bubble chart.  Much easier to look back historically than to project ahead, and it is even more difficult to project ahead with bitcoin if you are assuming bitcoin is a bubble or incorporating ideas that the current status of bitcoin is that it was in a bubble.  On the other hand, if you are projecting that a bitcoin bubble is coming, then your predictive results will be more likely to take place, in my thinking.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

Trinagle on Huobi closing soon. Considering that we are in a long term uptrend (trend reversal), the weekly MACD crossing, the PayPayl/Ebay and the ECB negative interest rate news I would say up is the only way.

[adamstgBit]

scary wall probably has regenerative shields 

[manitou]

I would say up is the only way.

http://youtu.be/UtKADQnjQmc

[fonzie]

Bull trap getting closed! If you haven´t shorted at 580$, now is the right time!

[CoinHamster]

on bitstamp has the triangle bottom line just been crossed downwards


so let's see where it will end
perhaps some consolidation   and cheap coins  
or directly "to the moon"    
[I like trains (CCMF)  http://www.youtube.com/watch?v=hHkKJfcBXcw]

[Adrian-x]

Bull trap getting closed! If you haven´t shorted at 580$, now is the right time!

Thanks for your concern fonz, I don't recall you putting in a buy recommendation. But anyway does that recommendation come with an guarantee? Or are you training on your social capital?

I'm still thinking shorting anywhere above $11 before the end of June may be good just on the off chance Professor Bitcoin is correct.

[JimboToronto]

blah blah blah

Getting old Fonzie.

[CanaryInTheMine]

Cool! I'm ignoring Jesus Christ now.

I guess you can no longer use the tried and true excuse "If he's so real, why doesn't he just come tell me himself?"

Jesus Christ be like, "But watchwoord, I am real, you had me on ignore."

Even so, he holds his coins and that's what matters.

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

I expected you to say: "Render unto Satoshi the things that are satoshis, and unto God the things that are God's"
devastated now.