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

[Tzupy]

And it didn't take much red volume to break support, I wonder what will happen with large volume.

something tells me you aren't thinking of a big fat green dildo

 

I do expect to see some green dildos after hitting support at lower levels, maybe like 320$. But that won't last long, testing 275$ is a must now.

[NotLambchop]

Look at China go...

[abercrombie]

http://thebostontelegraph.com.nipsysnews.com/fbi-marshall-bitcoin-auction-$317-average-bid/r/185010

[JorgeStolfi]

For those who asked for more deadlines, December 14 is the last day to oppose this trademark aplication at the US Patent Office:

Trademark application for: BITCOIN
Serial Number    86135516
Goods and Services : Barware, namely, flasks, bottle openers, corkscrews; beverage glassware; housewares and accessories, namely, shot glasses, and decanters

http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4810:x6ra4a.2.13

If the link does not work, go to http://tmsearch.uspto.gov/ and search for "bitcoin".

The trademark seems limited to barware, so it may not prevent the sale of abstract bit patterns under that name.  But it may prevent sending beers as bitcoins. 

[criptix]

http://thebostontelegraph.com.nipsysnews.com/fbi-marshall-bitcoin-auction-$317-average-bid/r/185010

tzz nice try 

[adamstgBit]

For those who asked for more deadlines, December 14 is the last day to oppose this trademark aplication at the US Patent Office:

Trademark application for: BITCOIN
Serial Number    86135516
Goods and Services : Barware, namely, flasks, bottle openers, corkscrews; beverage glassware; housewares and accessories, namely, shot glasses, and decanters

http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4810:x6ra4a.2.13

If the link does not work, go to http://tmsearch.uspto.gov/ and search for "bitcoin".

The trademark seems limited to barware, so it may not prevent the sale of abstract bit patterns under that name.  But it may prevent sending beers as bitcoins. 

    

[Davyd05]

Sometimes I feel that bitcoin is going to be so huge...just because so many trolls dedicate so much time trying to save us from ourselves.. Instead of trying to milk us for every dollar like a wallstreet psychopath would.

[N12]

IMO let just assume the coins were sold cause we can safely do that. Fuck Above or below...both sides have lauded each sides reason.

I am just interested in seeing IF the 1w can go green.

I also don't care if bears want to dump us into another bottom, I'll buy more coins near that bottom...I am pretty much past the point of worrying bitcoin is going to disappear over night magically.

Weekly MACD crossovers aren't a good indicator, and certainly not by themselves.

And even though Bitcoin will certainly not magically disappear over night, averaging down is always a bad trading strategy.

[Tzupy]

You can't save a fish from water, nor a hodler from missing huge profits. Anyway:
https://www.cryptocoinsnews.com/bears-win-bitcoin-price-battle/

[BlindMayorBitcorn]

Sometimes I feel that bitcoin is going to be so huge...just because so many trolls dedicate so much time trying to save us from ourselves.. Instead of trying to milk us for every dollar like a wallstreet psychopath would.

Most trolls were people once...people with bitcoins. Just like you

[NotLambchop]

360 support on stamp gone

[ChartBuddy]

Explanation

[BlindMayorBitcorn]

360 support on stamp gone

Is there a price at which you will consider buying back in?

[Davyd05]

IMO let just assume the coins were sold cause we can safely do that. Fuck Above or below...both sides have lauded each sides reason.

I am just interested in seeing IF the 1w can go green.

I also don't care if bears want to dump us into another bottom, I'll buy more coins near that bottom...I am pretty much past the point of worrying bitcoin is going to disappear over night magically.

Weekly MACD crossovers aren't a good indicator, and certainly not by themselves.

And even though Bitcoin will certainly not magically disappear over night, averaging down is always a bad trading strategy.

Just saying everytime I've done it..it has increased my opportunity for profits.. with bitcoin.. if I wanted to lock fiat profits in.

It's like saying the people who bought at 266, are going to regret avg down on the rebound from 80ish last november. If you thought bitcoin was going to 0 .. then sure..averaging down makes zero sense.


I am lost to why you think weekly macd crossover are not a good indicator of a buy signal.. just looking at the charts.. makes me think that you're not 100% serious with that statement. In regards to bitcoin trading.

[hd060053]

flashcrash on stamp now possible, very low bid sum until 300

[coinmaster222]

Not the first time certain supports have been taken out,forget about the price just mine and save and if price cheap enough buy more.

[NotLambchop]

360 support on stamp gone

Is there a price at which you will consider buying back in?

Based on price alone probably no.  Things could happen tho.

[N12]

I am lost to why you think weekly macd crossover are not a good indicator of a buy signal.. just looking at the charts.. makes me think that you're not 100% serious with that statement. In regards to bitcoin trading.

Because it has a poor historical performance as far as I see (have you looked at the last signals it gave?), and it's been my experience with the daily as well. Much more important than crossovers are the establishment and break of the zero and signal line as support and resistance.

It's like saying the people who bought at 266, are going to regret avg down on the rebound from 80ish last november. If you thought bitcoin was going to 0 .. then sure..averaging down makes zero sense.

No, but it can go a lot lower than you imagine (will you have sufficient size to buy with to equal the others if it falls again and again and again?) and stay there for longer than you can imagine. Averaging is viable if you only want exposure and determine beforehand that this will be your strategy for entry, but then it should be bound to progressing time, and not decreasing price.

[Davyd05]

I am lost to why you think weekly macd crossover are not a good indicator of a buy signal.. just looking at the charts.. makes me think that you're not 100% serious with that statement. In regards to bitcoin trading.

Because it has a poor historical performance as far as I see (have you looked at the last signals it gave?), and it's been my experience with the daily as well. Much more important than crossovers are the establishment and break of the zero and signal line as support and resistance.

The june fakeout? which you still made a ton if you bought when the 1w macd bottomed out? at @408usd, stamp, april 13th. Sell after the macd starts decending near july 13 for @608 usd

Due to my permabullish nature as I was 100% noob to TA still am very new. I wish I had stuck with the play I made at 800cad and stayed out on a longer term perspective.. trying to day trade requires a focus I don't have. But these longer term plays are seemingly.. and I really meant that seemingly obvious.

[N12]

What do you mean, "bottomed out"? How do you know if it did?

I thought it was supposed to be MACD crossovers, ie the MACD line closes above its signal line. According to Tradingview, the last time such a buy signal was generated, @weekly, the price closed at 658. Sell signal was 590.