Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25667.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: inca on September 21, 2014, 10:06:20 AM

I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!

You know I have been having the same kinds of thoughts and I am NOT sure about whether to act now or to wait until 2015.. a new tax year (for tax purposes).... .. fuck.. tough to decide.. and easily I could add an additional 100 or 200 BTC at these prices...

Argwai96

legendary

Activity: 1036

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Thug for life!

Quote from: Newbie1022 on September 21, 2014, 01:44:08 PM

Quote from: Argwai96 on September 21, 2014, 01:40:06 PM

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

The most important thing is that sellers get exhausted. But I haven't seen the type of spike in volume or momentum to indicate that -- and we won't fly to the moon at this snail's pace. So, my thinking is that we are burning off steam from that corrective rally to 430s and are gearing up for more down.

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: raid_n on September 21, 2014, 02:32:20 PM

Quote from: mmitech on September 21, 2014, 12:57:31 PM

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

Guess he selected copy image, not copy image addresss

raid_n

sr. member

Activity: 269

Merit: 250

Quote from: mmitech on September 21, 2014, 12:57:31 PM

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: ChartBuddy on September 21, 2014, 02:01:25 PM

Explanation

Why we are not moving upwards, I am holding many coins now really want to sell on break even.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Argwai96 on September 21, 2014, 01:40:06 PM

... But keeping my eyes open for a bullish move.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: Argwai96 on September 21, 2014, 01:40:06 PM

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

Pala_00

hero member

Activity: 728

Merit: 500

Quote from: Argwai96 on September 21, 2014, 01:40:06 PM

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

Newbie1022

full member

Activity: 238

Merit: 100

This message is targeted at compulsive traders, not regular folk.

Look at the 30-minute chart. We have a series of waves developing with lower lows and lower highs... watch on the next leg down if we cross $392 or not.

spooderman

legendary

Activity: 1652

Merit: 1029

For those that (understandably) want to see a bottom being hit...

spooderman

legendary

Activity: 1652

Merit: 1029

Lol it's just a picture of a bottom being hit

edit: or....maybe that's a public address for bitcoin 2.0 Tongue

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: spooderman on September 21, 2014, 12:39:23 PM

I think we may have hit the bottom.

re-up the pic to imgur, maybe?

empowering

legendary

Activity: 1078

Merit: 1441

Huboi awake

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: rebuilder on September 21, 2014, 08:52:12 AM

Quote from: S3052 on September 21, 2014, 06:38:57 AM

I agree that fundamentals are strong.

But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more

This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind.

TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be.

Exactly what I was thinking about, but it really takes time to come to that conclusion...

spooderman

legendary

Activity: 1652

Merit: 1029