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

[ChartBuddy]

Explanation

[rpietila]

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

[molecular]

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope

[molecular]

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

coke?

[Newbie1022]

 

Our left shoulder has drastically less sell volume than our right shoulder, which tells me this might not be a true H&S pattern

Looks like a margin hunter to me...

I was thinking that, too... I figured maybe it is just a retarded shoulder... like those guys with the little deformed hand... I had a law professor with a little deformed hand... funny and brilliant guy.

Then again, if you look at the 1 day map on Bitfinex... it is a perfect head and shoulder... but that perspective is creepy and way more pessimistic than I am when I look at the market.

[zby]

It's always amusing to log in and see the change in sentiment you guys get from a 3-5% swing in either direction.

5% up this thread is TO DA MOON with happy gifs, rockets and bulls.

5% down and everyones crying into their hankies, talking about blood and posting expert analyses on why bitcoin will be worthless soon.

There's no middle ground with many of you

Outside of bitcoin 5% swing is huge.

[Newbie1022]

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope

Interesting!

[Newbie1022]

We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?

I have eaten rather well, thank you for asking. Slept - not so much. But the said dinner lasted 8 hours from the appointed time, what can I do?

Fun!!

[fonzie]

@Newbie1022

How long did it take until you became fully gambling addicted?  

[thefunkybits]

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope

The SR bust only relieved sell pressure that had built up and I believe the price would have turned bearish around that point anyways.

I remember thinking before the SR crash that there was some sell pressure that needed to be relieved (although I knew we were well in place for another exponential rise in the price). I was right in this thinking, but the news was just a catalyst for this pressure to be released.

I believe the same thing is happening now without the "news"

[Newbie1022]

@Newbie1022

How long did it take until you became fully gambling addicted?  

Couple weeks. Is it that obvious? =D

[Wandererfromthenorth]

Rock bottom huh?

LTC is Rock Bottom, one needs glasses if you can't see its downtrend has nearly stopped! At $5 it's a steal imho...

[FattyMcButterpants]

quadruple, quintuple, etc etc bottom? or we gonna finally break through down below? my money is on going downtown. maybe not today, but it's gonna happen soon, me thinks. good luck out there, bulls.

[FattyMcButterpants]

And this time LTC/USD says "so?".  

LTC is Rock Bottom, one needs glasses if you can't see its downtrend has nearly stopped! At $5 it's a steal imho...

this was sarcastic, i hope.

$4 broken today, and looking to break it again after it bounced. looks like BTC might take the piss as well. let's watch.

[fonzie]

Good Riddance crypto. RxIxP

[Wandererfromthenorth]

And this time LTC/USD says "so?".  

LTC is Rock Bottom, one needs glasses if you can't see its downtrend has nearly stopped! At $5 it's a steal imho...

this was sarcastic, i hope.

$4 broken today, and looking to break it again after it bounced. looks like BTC might take the piss as well. let's watch.

Yeah i was trolling the poster that said so  

I still think LTC has nothing to offer.

[Newbie1022]

Well in today's news... s--- just got real, again. This refusal to bathe myself, sleep, or eat may just pay off after all!!

[Newbie1022]

And, of course, this picture explains it all. "For the love of God and all that is holy, my anus is bleeding!"

[Dalmar]

I think these (1: april 2013 aftermath, 2: december 2013 aftermath) are quite similar.

Now we even have the final blip down. In case of 1 this was caused by the silkroad bust, in case of 2, I don't even know. There are of course differences, too. 2 is quite a bit slower (takes longer time), for example.

Of course I'm not the first one to notice this, just wanted to remind the bulls there still is hope

The SR sell off never closed below the daily and weekly ichimoku cloud or the 300 day moving average.
This current sell off is significantly more bearish in its structure and not comparable at all to the SR event.

[findftp]

And this time LTC/USD says "so?".  

LTC is Rock Bottom, one needs glasses if you can't see its downtrend has nearly stopped! At $5 it's a steal imho...

this was sarcastic, i hope.

$4 broken today, and looking to break it again after it bounced. looks like BTC might take the piss as well. let's watch.

Yeah i was trolling the poster that said so  

I still think LTC has nothing to offer.

Yeah, but new noobs don't know that yet.
Wait for pop and mom invetors jump onto LTC because BTC is too expensive (they think)