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

[Malin Keshar]

Explanation

Yay, depths looking good again.

Seems like a Monday pump

[spooderman]

I think we may have hit the bottom.

[mmitech]

I agree that fundamentals are strong.

But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more

This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind.

TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be.

Exactly what I was thinking about, but it really takes time to come to that conclusion...

[empowering]

Huboi awake

[oda.krell]

I think we may have hit the bottom.

re-up the pic to imgur, maybe?

[mmitech]

I think we may have hit the bottom.

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

[ChartBuddy]

Explanation

[spooderman]

Lol it's just a picture of a bottom being hit

edit: or....maybe that's a public address for bitcoin 2.0

[spooderman]

For those that (understandably) want to see a bottom being hit...

[Newbie1022]

This message is targeted at compulsive traders, not regular folk.

Look at the 30-minute chart. We have a series of waves developing with lower lows and lower highs... watch on the next leg down if we cross $392 or not.

[Argwai96]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

[Pala_00]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

[Newbie1022]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

[NotLambchop]

... But keeping my eyes open for a bullish move.

[ChartBuddy]

Explanation

[anujjain]

Explanation

Why we are not moving upwards, I am holding many coins now really want to sell on break even.

[raid_n]

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

[Malin Keshar]

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

Guess he selected copy image, not copy image addresss

[Argwai96]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

The most important thing is that sellers get exhausted. But I haven't seen the type of spike in volume or momentum to indicate that -- and we won't fly to the moon at this snail's pace. So, my thinking is that we are burning off steam from that corrective rally to 430s and are gearing up for more down.

[JayJuanGee]

I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!

You know I have been having the same kinds of thoughts and I am NOT sure about whether to act now or to wait until 2015.. a new tax year (for tax purposes).... .. fuck.. tough  to decide.. and easily I could add an additional 100 or 200 BTC at these prices...