Good morning Bitcoinland (and traders too).
Once again, not much doing.
I suppose a dollar or two up is better than a buck or two down.
Yawn. Sip.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21670. (Read 26620334 times)
May 21, 2015, 11:06:04 AM
May 21, 2015, 10:58:20 AM
May 21, 2015, 10:51:37 AM
looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.
you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...
you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...
up or down boss? :-) *eZ^$$$
up Up UP! topping out at 500 in the coming months... Mass adoption pushing price to >32,000$ in < 2 years
May 21, 2015, 10:48:08 AM
We are been invaded by aliens.
Confirmed.
Btc to to jupiter.
Double-confirmed.
Confirmed.
Btc to to jupiter.
Double-confirmed.
moon is not enough
May 21, 2015, 10:40:49 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
So it's going up, down or sideways? Wow, that TA shit is powerful!
What is it that you don't understand?
TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc
Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me
News/fundamentals? Would have worked out great in 2014...
I admit that I can't predict the short term future. It's important to know what you don't know. So I don't daytrade, I'm in it for the long run. I have done my own calculations about bitcoins potential as global money, and I think the odds for bitcoin to succeed are good. My gut feeling based on all the stuff I read about bitcoin is 80% chance of success
May 21, 2015, 10:34:11 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
So it's going up, down or sideways? Wow, that TA shit is powerful!
What is it that you don't understand?
TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc
Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me
News/fundamentals? Would have worked out great in 2014...
Losing 80% of value in one year. Who needs TA right?
May 21, 2015, 10:32:28 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
So it's going up, down or sideways? Wow, that TA shit is powerful!
What is it that you don't understand?
TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc
Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me
May 21, 2015, 10:22:33 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
So it's going up, down or sideways? Wow, that TA shit is powerful!
What is it that you don't understand?
TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc
May 21, 2015, 10:19:20 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
So it's going up, down or sideways? Wow, that TA shit is powerful!
May 21, 2015, 10:17:52 AM
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
Bulls and bears balance each other very well atm.
Guess the next two month will become boring to an almost unbearable level.
Guess the next two month will become boring to an almost unbearable level.
Everything comes to an end. I guess we'll see some smaller (than expected) movements in the next 10 days when trendlines are breached down/up. Only thing clear then is the midterm prospect. This means uncertainty will not leave the marketplace for now (next month).
May 21, 2015, 10:03:47 AM
Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), long on bitfinex still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), long on bitfinex still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).
Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.
I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.
My 2 satoshis.
May 21, 2015, 09:57:43 AM
May 21, 2015, 09:46:45 AM
Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up. 
More buys today though. If there are more buyers than sellers over time the issuer has to issue more notes. And if someone goes xbt-crazy over there it might be noticeable on exchanges.
So far I would say that is a success. Not exactly overwhelming, but my expectaions were not so high, so they have been met. As has been mentioned elsewhere, this is just another entry point into the system for when interest is higher. For now I suspect that most action is from existing Bitcoiners. Will be interesting to see how it evoves with time ...
May 21, 2015, 09:40:11 AM
Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.
More buys today though. If there are more buyers than sellers over time the issuer has to issue more notes. And if someone goes xbt-crazy over there it might be noticeable on exchanges.
May 21, 2015, 09:34:07 AM
Fun Event.
Quote
REGULAMENTO
Promoção
“CHUVA DE MOEDAS DIGITAIS IBM”
IBM BRASIL – INDÚSTRIA, MÁQUINAS E SERVIÇOS LTDA.
Avenida Pasteur nº 138/146
Rio de Janeiro - RJ – CEP 22290-240
CNPJ/MF: 33.372.251/0001-56
http://www.ibm.com/smarterplanet/br/pt/madewithibm/regulamento.htm
https://bitcointalksearch.org/topic/ibm-bitcoin-rain-1066612
Promoção
“CHUVA DE MOEDAS DIGITAIS IBM”
IBM BRASIL – INDÚSTRIA, MÁQUINAS E SERVIÇOS LTDA.
Avenida Pasteur nº 138/146
Rio de Janeiro - RJ – CEP 22290-240
CNPJ/MF: 33.372.251/0001-56
http://www.ibm.com/smarterplanet/br/pt/madewithibm/regulamento.htm
https://bitcointalksearch.org/topic/ibm-bitcoin-rain-1066612
May 21, 2015, 09:27:34 AM
Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.
May 21, 2015, 08:57:41 AM
May 21, 2015, 08:37:37 AM
A couple good size asks were pulled from Finex. (or moved, can't see them yet)
Clear the way!
Clear the way!
May 21, 2015, 08:32:32 AM
hopefully 0,1 BTC shall be considered a wall one day
May 21, 2015, 08:25:26 AM
Keep your eyes open......
(there are walls everywhere
)Thx for pulling it back on topic
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