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Question: Price Target for Nov. 30, 2024:
<$75K - 2 (3.1%)
$75K to $80K - 1 (1.6%)
$80K to $85K - 2 (3.1%)
$85K to $90K - 7 (10.9%)
$90K to $95K - 12 (18.8%)
$95K to $100K - 11 (17.2%)
>$100K - 29 (45.3%)
Total Voters: 64

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26494378 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
JorgeStolfi
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July 17, 2014, 12:43:46 AM

I don't believe the over 70, no way!
I am almost 64...  Undecided
ChartBuddy
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July 17, 2014, 01:00:16 AM


Explanation
seleme
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July 17, 2014, 01:05:23 AM

Like watching paint dry.
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July 17, 2014, 01:26:13 AM

I don't believe the over 70, no way!
I am almost 64...  Undecided

Explains a lot. I'm suddenly a little critical of you, it's less your fault your stuck in your belief-structure at age 64.
gentlemand
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July 17, 2014, 01:36:36 AM

Almost 64 is a pretty darned cool age to be. If you hold it together you're still fully functional with a large dose of silver fox too. I'm looking forward to it.
edwardspitz
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July 17, 2014, 01:49:22 AM

Like watching paint dry.



Yes, but according to my lines it is soon decision time. Will support at $615 hold or will we break down? If we break down it could get brutal. If we break up (again) will we be able to go beyond $630?

 
ShroomsKit
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July 17, 2014, 01:55:46 AM

Like watching paint dry.



Yes, but according to my lines it is soon decision time. Will support at $615 hold or will we break down? If we break down it could get brutal. If we break up (again) will we be able to go beyond $630?

 

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.
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July 17, 2014, 02:00:16 AM


Explanation
wachtwoord
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July 17, 2014, 02:15:28 AM


According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

Well:


we won't be going sideways for 2 yrs that's for sure.

2 years is a sure thing. I am thinking weeks though Wink. (Of course it's impossible to be certain).
DieJohnny
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July 17, 2014, 02:20:07 AM


According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

I disagree, lines work great when you are looking into the past Smiley

I do think that all this eminent bubble BS is turning me more and more bearish. We could be hanging around 8 billion market cap for a long long time.



edwardspitz
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July 17, 2014, 02:23:29 AM

Like watching paint dry.



Yes, but according to my lines it is soon decision time. Will support at $615 hold or will we break down? If we break down it could get brutal. If we break up (again) will we be able to go beyond $630?

 

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

So, concepts like support and resistance is something I imagine? I can tell you that these lines help me a lot. I new it was significant last time we broke $615 and I bought as soon as I saw it. We ended up at $664. The following days I shorted twice at $660 (it was the right decision, but I would have done better if I had had not closed my shorts early). A few pages back I predicted that we could be seeing a new descending wedge forming and you must admit that we have been forming a new wedge...
edwardspitz
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July 17, 2014, 02:39:33 AM


According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

I disagree, lines work great when you are looking into the past Smiley

I do think that all this eminent bubble BS is turning me more and more bearish. We could be hanging around 8 billion market cap for a long long time.


I agree with the bubble thing Smiley I believe there were special conditions that caused previous bubbles and I don't think those conditions are here now (I don't have any experience with previous bubbles, so I could be wrong about this).

Regarding my lines and indicators I am frequently wrong, but you have to base your trading on something. So when I enter a trade the lines help me make a decision. If price starts moving differently than I expect, that can serve as an early indicator that I need reevaluate what is going on or that I need to close my position.
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July 17, 2014, 03:00:16 AM


Explanation
ChartBuddy
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July 17, 2014, 04:00:17 AM


Explanation
JayJuanGee
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July 17, 2014, 04:11:18 AM

In my thinking your comments are misleading b/c you are projecting the future, as if BTC prices are going to be on a continuous downward projection from December 2013 and thereafter.
Please point out the comma in those posts that you think can be interpreted as a hint of an insinuation of some innuendo about the future...

I stated several times, and repeat again: I do not see how one could make any fundamented prediction about the price of bitcoin, even in the short term.  I would not hazard making any.  It may go to 6'000$ next week, or it may go down to 6$.

All one can say is that,  if this or that event were to happen, then the price could go signifcantly up or down.  But none of the events that we can think of is sufficiently certain to happen, and other events may happen that would have the opposite effect.


Jorge:   

I appreciate your response here; nonetheless, I am NOT going to go back through your posts to point out the various flaws and/or assumptions contained therein.  Through several months that I have been participating in this thread, I have noticed that a lot of people call you out b/c of the general tendency that you have to be misleading in your posts.   And, for example in your earlier post, you described the recent rise from $350 to $650 as if it were a bubble, and such a characterization seems to assume that BTC prices are going down, rather than up.

In this most recent post (above), you seem to be attempting to be more objective and reasonable in your assertion that prices could go either way (up or down); however, in many instances, your posts do NOT tend to be of this same character b/c they tend to contain a considerable amount of spin and a considerable amount of embedded assumptions that strive to lead the reader(s) towards your predetermined conclusion(s) that bitcoin is bound for failure.





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July 17, 2014, 05:00:16 AM


Explanation
BitChick
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July 17, 2014, 05:41:35 AM

I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin
ChartBuddy
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July 17, 2014, 06:00:15 AM


Explanation
derpinheimer
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July 17, 2014, 06:05:42 AM

I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Same feeling here.

But I have said this many times now Sad

THIS TIME ITS DIFFERENT. Smiley
$635 within 24 hours?
lay785
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July 17, 2014, 07:07:07 AM

I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Same feeling here.

But I have said this many times now Sad

THIS TIME ITS DIFFERENT. Smiley
$635 within 24 hours?
downward breakout mate. dumpers are too strong.
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