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

[JayJuanGee]

Here we go again, that was a big bull trap, 60 usd of dumping and instant 30 up.

YEP>>>>> getting bear traps and bull traps mixed up.

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[adamstgBit]

fuck i gata buy!

 brb

How many coins you got, Adam?  I would've thunk that you had thousands of coins, already.   and you would have largely bought back in in the lower $400s, if NOT lower.

 

no... sadly i'm no where near being a bitlionaire

[ChartBuddy]

Explanation

[ChrisML]

600> within 12 hours

[shmadz]

600> within 12 hours

if support holds, maybe.



if support fails...

[aminorex]

fuck i gata buy!

 brb

How many coins you got, Adam?  I would've thunk that you had thousands of coins, already.   and you would have largely bought back in in the lower $400s, if NOT lower.

 

no... sadly i'm no where near being a bitlionaire

I like your math

[JayJuanGee]

Such denial of the 1W MACD

You might wanna check the 1W MACD denial early october of 2013

It might shake some sense in you kid

Chill your beans no need to get so angry you have no idea what my position is and I was making an observation. Relax.

Yeah... but what does the 1w MACD say exactly?  What does it mean to you?

I am NO expert when it comes to reading these charts; however, I noticed that it just turned red b/c of the downward spiral of  BTC prices that were taking place, today, but the 1w macD had just turned green for its new weekly bar (so the new weekly bar is only about 1 day old).  Likely the 1w macd is going to turn green again before the end of the week.. however, even if the 1week MACD does NOT turn green this week or next week, it is on the cusp of turning green within the coming few weeks.. and what that means to me, is that we will soon be entering into a bull BTC market..

Currently the BTC market is transitioning from bear to bull... but soonish, the BTC market is gonna be full bull all the way... and that means.. hang on baby!!!!!  get your cheap coins while you still can... 3-4 weeks max... maybe less.

[JayJuanGee]

omg last 10 minutes have been so booooring!!

lol wtf

we need some action no?

microwave and fast food culture.. with short attention span... seems like we already had quite a bit of "action" today?  somehow we need more action?  maybe I repeat adam...?    WTF?

[aminorex]

Interestingly, BFX volume is now on par with stamp, sometimes higher.  It would appear that we have a new leading exchange.

[greenlion]

This is the just the retracement from the triple top around June 3rd playing out, nothing too exciting going on.

[JayJuanGee]

Pretty stoked for this. Sold 9 coins at 660 thinking I might be able to increase my BTC holdings at 570, and its working out nicely.

I thought that you would have learned your lesson from your last attempt at trading, when you sold at $400 and bought back at $500?

Maybe you cannot protect yourself from yourself?  hehehehe...     Remember that both pigs and sheep get slaughtered.. but for different reasons.

Hopefully you either bought back or you are buying back soon...

[ChartBuddy]

Explanation

[samsonn25]

No advice by any means.

I think some of the posters on this board need to check out the trollbox  on btc-e its funny as shit and some of the people there actually trade, not just complain about ups and downs in the market price.

Still a trollbox

[MinermanNC]

CEX.IO at an astonishing 45% of hash now, whoa...lol

[JayJuanGee]

If we rebound now it's like SR all over again.

you know what? when SR first got busted I thought that if they actually ever went through on the auction it would be bullish.

I thought that it would give bitcoin an air of legitimacy in the public eye that their gov't is earning 15 million dollars from selling bitcoin.

This auction should get a TON of news, and it shows the impression that the US gov't is totally fine and comfortable with buying and selling bitcoin.


It would be so cool if this is just a SR type dip. These are the silk road coins after all.

 

By selling the bitcoins, the government is setting and or affirming the legality of bitcoin.

That was accomplished in about February when the Feds announced that they were going to sell them... only the specifics concerning the date came out today.. so you are referring to old news regarding the legitimizing of bitcoin by agreeing to put them back on the market.

[JayJuanGee]

Smell that $666? Mmmm mjes I can. Lets go bishes.

slow down there pard'ner

we need to eat the wall at 586 first, then digest for a while before tackling satan again.

Seems likely that BTC prices will float in the $570 to $610 arena for a few days... and maybe consolidate for a while.. before deciding what to do.. which seems more likely to be up, rather than down, but what do I know?

[U.S. Treasury]

Unofficially speaking, we have something in the works...

More to come.

I told you...  

But nobody listened.

There are some pretty interesting folks participating in the auction.

[Gingermod]

Ghash.io is a 50%

Fuuarggg

[TERA]

Such denial of the 1W MACD

You might wanna check the 1W MACD denial early october of 2013

It might shake some sense in you kid

Chill your beans no need to get so angry you have no idea what my position is and I was making an observation. Relax.

Yeah... but what does the 1w MACD say exactly?  What does it mean to you?

I am NO expert when it comes to reading these charts; however, I noticed that it just turned red b/c of the downward spiral of  BTC prices that were taking place, today, but the 1w macD had just turned green for its new weekly bar (so the new weekly bar is only about 1 day old).  Likely the 1w macd is going to turn green again before the end of the week.. however, even if the 1week MACD does NOT turn green this week or next week, it is on the cusp of turning green within the coming few weeks.. and what that means to me, is that we will soon be entering into a bull BTC market..

Currently the BTC market is transitioning from bear to bull... but soonish, the BTC market is gonna be full bull all the way... and that means.. hang on baby!!!!!  get your cheap coins while you still can... 3-4 weeks max... maybe less.

I think you should trade with a different strategy other than following a single indicator and using your expectations about what that one indicator is going to do in the future.

You are doing meta-TA: TA-about what TA is going to occur in the future. Regular TA is already unreliable enough on its own and now you compound it.

[U.S. Treasury]

This is the just the retracement from the triple top around June 3rd playing out, nothing too exciting going on.

Trust me, you haven't seen anything yet.