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

[thoughtfan]

I could believe that this is the bottom if we just get more momentum and even if just a small uptrend.

We're a loooong way to me being convinced the trend has reversed though I can't help but wonder.  My favourite conservative trend reversal parameters chart indicated once over the winter holidays that it had turned (though I didn't believe it) and then again through most of May - that I admit I did begin to believe - but turned out not to be the case.  It's not even showing a blip on yesterday and today's!

I thought the lowest point was in April and reversal takes place at lowest point?

Of course, technically speaking if in April 2015 we are a cent above April 2014 we can call the last year to have been reversal - as would we if it's a cent below, providing it's not broken Nov 13's record, be able to say the downward trend from Nov 13 continues.  All this of course in retrospect.  In the meantime all we can do is give it our best guess using the tools available.  If I believe there be a fair likelihood that it go below April's low within weeks then it is not unreasonable to consider this to be the downward trend still.  On the other hand, if the chart with my favourite parameters is giving me sustainable growth over a number of weeks - or something so fast upwards that it drags the weekly average upwards with it - then I'm inclined to think maybe we have finally reversed* - though as I mentioned above, I may be wrong.    

*If I'd need a spirit level against the chart on my monitor (or more sophisticated tool to accomplish the same ) to tell whether yesterday or April was lower then I don't think it unreasonable not to conclude we are already in a long-term upward trend.

[NotLambchop]

...


btw looks like a breakout W = winner dont they say?

Common mistake.  You're seeing the classic Beelzebub formation

[grappa_barricata]

...


btw looks like a breakout W = winner dont they say?

Common mistake.  You're seeing the classic Beelzebub formation

Amazing  , and diabolical haha.

[ChartBuddy]

Explanation

[coins101]

The path to $100,000 BTC

-> Apple launch own payments system [check] Sept 9

-> PayPal sign posts to the market it is doing something to counter with BTC [check] Sept 8-10

-> More traders take notice of BTC [check] Sept 10

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

-> Pension funds buy as much BIT and COIN as they can get their hands on

-> Warren Buffett changes his mind on BTC

-> Retail investors buy as much BTC, BIT and COIN as they can

-> Microsoft thinks about buying all the BTC, but decides to create MSN Coin

-> We [who have BTC] all live happily ever after

-> Bitcoin will be used as global reserve currency

I've read it 10 times. Although I'm sceptic with the last point...  

Made a minor edit. I think reads better now.

Thanks.

You're welcome (did an extra addition)

Everything getting checked off, as planned. We are still on target.

[grappa_barricata]

Hey guys, this graph try to estimate trading activity at any given moment of the day.
It is based on population and an arbitrary coefficient per-country.
It include both 08:00-18:00 traders as well as more night-oriented ones.
Time is in GMT+0. Maybe is useful for someone. Enjoy! 

[grappa_barricata]

More shorts just opened 

Why doesn't bitcoin even go above 500$$??

You bulls have zero money? Just talking on some forum living in your moms basement with 100$?

Why don't you guys buy bitcorns?

You, Sir, are an asshole.

[ChancellorOnABrink]

Just talking on some forum living in your moms basement with 100$?

Dont talk to much about your life (commun mistake to report is own problem on other btw, soo classic)

but thanks for sharing, always more easy when you can picture a troll

[razorramon]

More shorts just opened  

You, Sir, are an asshole.

new shorts opened? yes...more pressure in the oven

[ChartBuddy]

Explanation

[grappa_barricata]

[adamstgBit]

i fucking hate mcdonalds , why do they give me a coffee so hot i cannot drink it for 30mins! why, i ordered coffee to go, not coffee to bring home with me and wait 30mins to drink!


it feels better bitching about it to you guys, i'm ok now.

carry on.

[Schickeria]

Our troll juniors here have to learn a lot from fonzie, dump3er and keirinha. They are terrible and not amusing - more like a plague of fleas and ticks.

[lemonte]

My ignore list gets longer every day

[upupup]

i fucking hate mcdonalds , why do they give me a coffee so hot i cannot drink it for 30mins! why, i ordered coffee to go, not coffee to bring home with me and wait 30mins to drink!


it feels better bitching about it to you guys, i'm ok now.

carry on.

sell ur btc and get some proper food, u poor little thing. Otherwise u'll become fat and health-less.

[kryptopojken]

So I suppose that was it for this time? :/

[adamstgBit]

shorts are building again. looks like the only reason we drop is because shorts are shorting.

[Sandia]

So I suppose that was it for this time? :/

Be patient.  We have cleared out thousands of coins below 500.
The next run will be better, maybe achieve a breakout.

[ShroomsKit]

So I suppose that was it for this time? :/

Of course. All these traders must take their 59 bucks profit so at 490 they start dumping. If possible all the way back to 460.

[adamstgBit]

today is gonna be another good day.