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

[BTCfan1]

How soon until $640 I wonder?  maybe not very long.

I feel like on the weekend there is always a rise in price so hopefully by Sunday

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[empowering]

How soon until $640 I wonder?  maybe not very long.

I feel like on the weekend there is always a rise in price so hopefully by Sunday

Maybe... looks to me like it wants to breakout a little.

[wachtwoord]

How soon until $640 I wonder?  maybe not very long.

I feel like on the weekend there is always a rise in price so hopefully by Sunday

I remember when it was the other way around and everyone was waiting for fiat deposits on Monday.

[keewee]

How soon until $640 I wonder?  maybe not very long.

I feel like on the weekend there is always a rise in price so hopefully by Sunday

I remember when it was the other way around and everyone was waiting for fiat deposits on Monday.

+1 The "weekend dip theory" came out of that and it even got its own thread

[ChartBuddy]

Explanation

[adamstgBit]

honestly I think some of the blocks will sell for -30% / coin

I don't think well see much of these coins hit the market, but i can see the market want to gravitate toward the avg price / coin, wtv that may be.

Can't wait to buy me my 3K Block!  
i wish!

One thing seem clear tho, higher prices ahead.

[JorgeStolfi]

Huobi's chart in bitconwisdom has been 1-2 hours out of date for several hours now.  But OKCoin's chart is fine, and the chart on Huobi's homepage is up-to-date.

Curious detail that I noticed now: On Huobi's own chart (30分 intervals), red candles denote rising price, and green candles falling price.  Is that due to the Chinese traditional fondness for red, to the webmaster being color-blind, or to political prudence (like the rule in certain Southern US papers, decades ago, that White should always be the winning side in chess puzzles)?

[adamstgBit]

[aminorex]

Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.   Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price).

monkey thinks silver is starting wave 1 now.  his view of the s&p is utterly apocalyptic, more so every day.  what a gloomy monkey!
but, he is increasingly long btc now, after being short last week, which was a respectable call.  intraday he thinks this is a good time to buy.
i could wish he had not gotten so wishy-washy about USDJPY.  i closed my short a missed a big move south.
monkey wants oil to go down now on a daily basis, at least a week.

[shmadz]

Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.   Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price).

monkey thinks silver is starting wave 1 now.  his view of the s&p is utterly apocalyptic, more so every day.  what a gloomy monkey!
but, he is increasingly long btc now, after being short last week, which was a respectable call.  intraday he thinks this is a good time to buy.
i could wish he had not gotten so wishy-washy about USDJPY.  i closed my short a missed a big move south.
monkey wants oil to go down now on a daily basis, at least a week.

emphasis mine

I really hope the monkey is right about silver - unless wave 1 means down - in which case I think that monkey deserves a spanking

seriously though, silver is looking like the only hedge I have against bitcoin.

(and perhaps some monero on the side

[nrd525]

It's a bubble because Bitcoin tends to overshoot its value.  Either that or it was massively underpriced before the bubble.  In both cases, the market isn't accurate.  The only way the market is accurate is if Bitcoin increases in value because it increases in value (eg. the bubble causes publicity that increases demand for bitcoin and the number of bitcoin projects).

You also have frenzied buying and people borrowing money at 1%/day interest just to invest.

[adamstgBit]

Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.   Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price).

monkey thinks silver is starting wave 1 now.  his view of the s&p is utterly apocalyptic, more so every day.  what a gloomy monkey!
but, he is increasingly long btc now, after being short last week, which was a respectable call.  intraday he thinks this is a good time to buy.
i could wish he had not gotten so wishy-washy about USDJPY.  i closed my short a missed a big move south.
monkey wants oil to go down now on a daily basis, at least a week.

emphasis mine

I really hope the monkey is right about silver. it's looking like the only hedge I have against bitcoin.

I've long thought that it couldn't go any lower, and while I don't think there is the same upside potential as something like bitcoin, I still feel the need for a safety blanket of some kind.

(and perhaps some monero on the side

I want to buy some cool silver coins with a few bits myself. but i'm going to wait for 17$ at least. I think 13.8 within 24 months is in the cards for silver, that will be the low... i wana buy on the low...

[TERA]

unconfirmed 1W MACD cross again just like the last 2 candles.

[empowering]

Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.   Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price).

monkey thinks silver is starting wave 1 now.  his view of the s&p is utterly apocalyptic, more so every day.  what a gloomy monkey!
but, he is increasingly long btc now, after being short last week, which was a respectable call.  intraday he thinks this is a good time to buy.
i could wish he had not gotten so wishy-washy about USDJPY.  i closed my short a missed a big move south.
monkey wants oil to go down now on a daily basis, at least a week.

What does Monkey feel about current developments in Iraq in relation to Oil...  my monkey thinks developments could be Bullish for Oil, or does Monkey think we have had the spike already due to Iraq, and now prices will ebb down again

[samsonn25]

EMA over $600 and rising

[ChartBuddy]

Explanation

[shmadz]

I want to buy some cool silver coins with a few bits myself. but i'm going to wait for 17$ at least. I think 13.8 within 24 months is in the cards for silver, that will be the low... i wana buy on the low...

yeah, I don't know about 13.8 - I bought my fill at 20. though if it hits 15, I'm sure my appetite will return.

[adamstgBit]

I want to buy some cool silver coins with a few bits myself. but i'm going to wait for 17$ at least. I think 13.8 within 24 months is in the cards for silver, that will be the low... i wana buy on the low...

yeah, I don't know about 13.8 - I bought my fill at 20. though if it hits 15, I'm sure my appetite will return.

oh ya at 15 i'm a buyer too  
at 18.00USD i might just make my firstbuy.

i figure owning silver is good. much better then fiat savings, and its traded alot for bitcoin (there is even a SLV/BTC exchange ), so when the USD goes bust at least you'll be holding something you can trade in for bitcoin

[adamstgBit]

[aminorex]

What does Monkey feel about current developments in Iraq in relation to Oil...  my monkey thinks developments could be Bullish for Oil, or does Monkey think we have had the spike already due to Iraq, and now prices will ebb down again

I have not taught the monkey about geopolitics yet.  I plan to do so, and my plan is principled, detailed, and approximately state of the art.  But it is also a time-consuming plan, sadly, and will not bear fruit for many months.  Monkey is very focused on price action right now.  Surprise events (and even unsurprising events) tend to catch him flat-footed.