Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 237. (Read 907212 times)

This is looking too obvious inverse head and shoulders, could it be?

Hold on for a few more days, we are working on an idea that will solve your problem....

Have a nice day

Thanks. Too bad I'm stuck on iOS for the time being, so I'll have to find something.

https://play.google.com/store/apps/details?id=com.mobnetic.coinguardian

Also using Bitcoinium, it provides nice widgets and alarms. The best free app for this use IMO, but maybe some paid app are better.

I personally use Bitcoinium for Android. Check the play store.

Any good price alarm you can recommend? Thanks.

or use a price alarm... I bearly slept this night

Managed to buy back my coins with a little profit

2011 we had a double bottom 4 weeks apart.

I don't believe we can be such epic anymore, due to the emergence of professional investors. But you never know..

Imagine it - after this bloodbath, we rise to $600, and then decline to $330 in MAY, even lower than today. Surely Bitcoin is doomed!

(Last time it was not, rather we saw a rise from $2 to $266 without significant declines, this time it would translate $330->$44,000 by the end of 2015).

Bitcoin price behaves in log-scale, which means that for every 1-point move down, you lose only 90% of your money, but every 1-point move up, you gain 900%. Therefore, it is rational to be long if you can derive more benefit from multiplying your wealth than you suffer from losing the invested part of it.

No, but i can see the bear trap to 370, maybe 360 even

So... was that the floor? Or are we going to go back and retest the 340s again?

Over 100,000 BTC and still growing.

And BIT is a difficult to access fund, imagine the amount of BTC demand when the ETFs and other investment mechanisms hit the market.

I still think we see $6k in july to be honest (optimistic, yessir)

We'll see

Don't you think this is a blessing? the base we will launch from will be broad before the next rally. the shallower the log curve is now, means it will be a giant when it goes vertical.

Hey, but the support zone in 382-400 was broken intraday (it was intraday support, the "daily close" support was previously at 500 and was broken in this latest slide many days ago)! Is there anything you think it affects the big picture?

My thoughts:
- It is either a cause or effect of an increased probability for Bitcoin to fail, and therefore justifiable by EV (expected value) analysis. Like if the scenario weighted expected price of BTC1 in 5 years was $1M in December, now it is only $400k. It is rational that the exchange rate takes into account the decreased percentage of a home run, but I posit the EV is still orders of magnitude higher than PV, and that the ratio EV/PV (can be expressed as discount rate [I = (EV/PV)^(1/5) - 1]) has hardly gotten worse, likely better.
- The price is now -0.39 below trendline, which is a new record! Last time we got this low when going down in price, was in 2011-11-15. I was pretty amused to find out the similarity in sentiment and the moves in exchange rate around the date. The upside seems better than downside at the moment, in fact around 2011-11-15 was the single most coveted buy zone since the $32 bubble.
- After going so deep, the probability that it takes longer than expected to get back to the ATH is increased. I still think the baseline case is to smash the ATH this autumn, but it is not as sure as before.
- Fundamentally the crypto adoption is doing good and the news about it in last months have not really been depressing, rather many have just watched the price and thought that the news are also bad, even though they're good! In absence of exchanges and agenda setting in forum boards, I would think Bitcoin is doing just fine, and so would you.

Too little volume. Even all the exchanges have too little volume. That's why I rarely trade and just breathe hot air.

Have you tried bitcoin.de? SEPA transferrals from person to person. Sometimes a bit complicated though and volume is not enormous, but you don't have to wire them your fiat at least.

No, the problem was I boycott all the exchanges until there is one who let me trade without giving them my money and fiat. Otherwise I would have used a spread of buys ofc.

Yep....that's what happened. It was 339-360s and I decided to go eat, not sweat it - tomorrow it'll be below 300.

Twenty minutes later, one last check for tonight - 390s and up...fuckit...I cracked but I at least got my first BTC at a smidge under $400. I wanted lower but whatever...400 was my sweat zone. If it drops lower, I'll do more - but will anyway in the coming weeks. Just needed the first one to get on the roller coaster. YAY I CAN FINALLY PLAY!!!

So NOW if I check in Saturday and it's 89 bucks, I'm gonna cry  

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