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

[JorgeStolfi]

Russians move into bitcoin as ruble tanks
http://www.cnbc.com/id/102275772

BTC:RUR volume on BTC-e has "exploded" from ~200 BTC/day to ~800 BTC/day over the last 2-3 days. That is ~260'000 USD/day.  Wow.  In another few days those millions of desperate Russians will be able to buy a modest house in the Bay Area and relocate there.

Seriously, volume has been up in all exchanges, as it usually does when the price changes fast (up or down). 

[caga]

2014, the year of the trolls, is almost in the books. Hope has faded, interest is all but gone, will 2015 be more of the same? Another year like this one would be difficult, to say the least.
 

Maybe the halving would get the miners away and increase the price.

[samsonn25]

2014, the year of the trolls, is almost in the books. Hope has faded, interest is all but gone, will 2015 be more of the same? Another year like this one would be difficult, to say the least.
 

Maybe the halving would get the miners away and increase the price.

is possible if people still value it

[BoatsandBitcheswithBits]

She going down boys..how low will she go?

[ChartBuddy]

Explanation

[mrkavasaki]

di YOU guys think we will drop below 250$?

[Hunyadi]

di YOU guys think we will drop below 250$?

You "sold" already. Why the sad face 

[ndnh]

di YOU guys think we will drop below 250$?

I don't really think so. If it hits around $270, a lot of people are going to buy in.
If it doesn't hit there soon, those people will buy in.

Anyway, I will keep buying up till price crosses $330.

[lyth0s]

I think we will see a high-mid 200$ range very soon, after that, it all depends on our regular consumer getting into Bitcoin. It's funny to hear my mom suddenly talk about it, I think that's a good thing.

What made her talk about it? How often do you speak to her about it? What is her current sentiment about bitcoin?


I'm always interested in the "average joe (or josephina's)" perspective and how it changes over time.

[cbeast]

We're still in the Greater Rule of Thirds zone with 300 as the bottom and 600 as the top. It's fun to watch the big patterns play out just like the small ones. Bitcoin is so fractal.

[ChartBuddy]

Explanation

[freebit13]

I don't think we will go sub $300, unless someone picks up a lucky fish like they did for $275 back in October, but that corrected itself quite quickly.

Bitcoin was supposed to "go to zero" months ago, but it's still around and even more big players are getting in... I guess Microsoft are just a bunch of internet noobs...go figure.

Sorry billyjoeallen, but you won't get my coins...I'm still hodling.

[lyth0s]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

[mymenace]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

[lyth0s]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur.

Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno

[mymenace]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur.

Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno

yeah i agree the recent 3D MACD isn't the same as it was in the previous bubbles

 the trend down from this past high has certainly been different, still it can be compared a little to 2011

[kenji]

triple top?

[brg444]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur.

Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno

You can't have it both ways though.

Either the 3D MACD is misrepresentative and "useless" or it is not.

The historical trend after it turns red could turn out to be as irrelevant to predict the future as this turn to green ended being

[mikeh2]

surely TA only works when a decent % trade using the same methodology, I don't think that has ever been the case with btc

[ChartBuddy]

Explanation