Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21765. (Read 26609436 times)

BTC SHORTS ====> (run shorty run!)weeeeee
http://drawception.com/pub/panels/2012/6-27/DkcBB5rX7z-2.png

My favorite conspiracy theory is that NotLambChop is a group of people pretending to be a single person posting from multiple accounts.

Long interest down to 25.2 million. Shorts down to 25k. Lots more shorts to cover as we approach 260.

wow, that $10 price jump.

Coin
Explanation

/\BTC /-+-\ HODL HODL HODL HODLLLL!!!!!!


#TEAMBTC ===> THIS TIME WEEE FLYYYYYYYY!!!!



*watch the rideee+!*///UPTICKING///+

Geez, daily volume of GBTC will break 10,000 any minute now.  They are selling chunks of 1000 shares @ $50/share pretty fast 

~$200-$300 is the market's trading range since January. $300-$400 was the previous trading range toward the end of 2014. It takes lots of volume (up or down) to break out of a range, or else the price will continue to bounce around within it.

Once the price begins moving back above $300 and tests it as support, $320 will be easily achieved. Traders need to see this action to have the confidence to place a low-risk long position. Otherwise the long would be high-risk (a big no-no). A firm break above into a new trading range will be a sign that the long-term bottom is in and everyone who wanted to sell, sold, and that the big-moneyed interests have filled their bags. It is an important psychological milestone more than anything else, but it gives investors confidence that the market will begin turning bull and $500-$800 is within reach.

if this little (volume) tour doesnt end above 300, things will get boring again. and then, well.. there is no small profits.

Congrats. But you know you broke rule number one regarding trolls and quoting?

It seems like a swarm of trolls is instructed to head to the Wall Observer tread, as soon as the price moves a few dollars up or down, including Trollfi.
Wonder if something like a troll farm exists.

I ain't got one. I'm just rather fond of that number.

Not confirmed yet. Moving averages are all green out to the three day. We have to wait for the weekly moving average to go positive before it's confirmed.  That could take a month if it happens at all. I'm long but not excessively so. Look for a possible entry point this weekend if you missed the first couple stops on the train. A  nine to twelve dollar pullback ought to do.

Don't quote please LFC!!

The falling exponential trend line is in the 290's now..if we take 300 in the coming weeks then we break out IMO.

As nobody was forcing them one way or another, technically it was the free market.

Voluntary trade may be a foreign concept to most people of the world. But some people actually prefer it.

The big downtrend line is at about $300 on Bitfinex.

I feel like I've made it on bitcointalk.
I have my very own, personal troll.
This must be how the legends feel.

India not friendly to Bitcoin:

http://www.reddit.com/r/Bitcoin/comments/35are5/btcxindia_closing/



IIRC, during World War II someone proposed to use trained pigeons to steer bombs or rockets towards their targets.  The pigeon would see the target through some optical device, and would be trained to poke at the steering controls so as to keep the target on the crosshairs. (I do not remember whether this was actually used, or just proposed.)

I have an academic interest in bitcoin, but the part of the protocol that runs on computers is boring. To me, the interesting part is the one that uses humans, like the trained pigeons above, to keep the computers running the right software -- motivated by the occasional (bit)corn.

Yesterday, for example I was discussing on reddit the ticketing policy of the Satoshi Bus Lines.  They have no set ticket prices or reservations.  You just buy a ticket with the amout of money that you feel should be enough, and go wait on the platform.  When a bus pulls up, the driver looks at the values printed on the tickets and decides which passengers he will take.  He is not required to fill all seats, and may even drive off with the bus empty, no matter how many passengers are waiting.  If you are not selected, you can just wait for the next bus, or go back to the ticket machine and top up the value to an amount that you hope may be enough to make you attractive for the next driver.  If the next driver would have let you ride for much less, "sorry for your loss".

I was told that this system is good because it is free market in action.

Ok, can you please elaborate some reasons for 320? I would like to hear your theory...