Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26884. (Read 26728347 times)
July 15, 2014, 09:48:38 PM
Huobi just loves to dump lately
July 15, 2014, 09:00:57 PM
July 15, 2014, 08:48:09 PM
For the last 4 weeks every day people post charts that show how we are about to go up. If anything we go down.
Could it be that drawing lines on a chart is completely and totally useless?
Perception is reality in auction-based markets like bitcoin. What matters most is what everyone believes. If enough people believe it's going up, then it will go up, and vice-versa. That's why chart patterns work fairly often. Most people look at the same or similar charts. So if a classic pattern like a wedge, double-top/bottom, head and shoulders, etc., sets up, a lot of people are looking for it to follow through. They act based on that, and it becomes a self-fulfilling prophecy. Of course there are other things that can change perception, like fundamentals. But in the absence of ground-shaking news, technical analysis tends to do pretty well. Could it be that drawing lines on a chart is completely and totally useless?
July 15, 2014, 08:25:25 PM
Evening bitcoiners:) Nice that google started that thing...
July 15, 2014, 08:00:19 PM
July 15, 2014, 07:28:38 PM
China is waking up
And Europe is sleeping
have you seen that usually at this hour there is few $ ++ ?
July 15, 2014, 07:25:32 PM
...
more often then not its half right half the time.
more often then not its half right half the time.
I'll take those odds!
July 15, 2014, 07:13:28 PM
down or up ... bitcoin is still amazing 
July 15, 2014, 07:00:21 PM
July 15, 2014, 06:24:24 PM
I'm already seated in the bumpy Monero train:
+1! Full speed to 0.015
lol, that will take a while
We'll see a lot of selling above 0.008 I guess
but back on topic (maybe we should create a Monero Wall Observer
)I've updated my favorite chart: It's time to go up:
Blue: actual exchange rate
Red: April 2013 repeating (low of this bubble matched with low after China bubble)
Green: Nov/dec 2013 repeating (low of this bubble matched with low after the same bubble)
black: exponential trendline current data
DATA: bitcoinaverage.com
For the last 4 weeks every day people post charts that show how we are about to go up. If anything we go down.
Could it be that drawing lines on a chart is completely and totally useless?
still waiting for that 640 break out, launch pad still looks good, we are getting closer to decision time, 4-9.5 days till break out. ( should launch pad hold
)
July 15, 2014, 06:14:33 PM
I'm already seated in the bumpy Monero train:
+1! Full speed to 0.015
lol, that will take a while
We'll see a lot of selling above 0.008 I guess
but back on topic (maybe we should create a Monero Wall Observer
)I've updated my favorite chart: It's time to go up:
Blue: actual exchange rate
Red: April 2013 repeating (low of this bubble matched with low after China bubble)
Green: Nov/dec 2013 repeating (low of this bubble matched with low after the same bubble)
black: exponential trendline current data
DATA: bitcoinaverage.com
For the last 4 weeks every day people post charts that show how we are about to go up. If anything we go down.
Could it be that drawing lines on a chart is completely and totally useless?
July 15, 2014, 06:00:39 PM
Fuck this sideways shit
I need my money!!
I need my money!!
Bitcoin needs people like you, great mindset sir!
July 15, 2014, 06:00:18 PM
July 15, 2014, 05:57:56 PM
Fuck this sideways shit
I need my money!!
I need my money!!
July 15, 2014, 05:25:30 PM
I'm already seated in the bumpy Monero train:
+1! Full speed to 0.015
lol, that will take a while
We'll see a lot of selling above 0.008 I guess
but back on topic (maybe we should create a Monero Wall Observer
)I've updated my favorite chart: It's time to go up:
Blue: actual exchange rate
Red: April 2013 repeating (low of this bubble matched with low after China bubble)
Green: Nov/dec 2013 repeating (low of this bubble matched with low after the same bubble)
black: exponential trendline current data
DATA: bitcoinaverage.com
July 15, 2014, 05:00:17 PM
July 15, 2014, 04:16:16 PM
i'm not holding out on any hopes of bitcoin taking off on a bull-run, at least not in the near future. i'm just hoping something will happen from october onwards.
Same. Hopefully Mr. Dump BTC500 will be finished, the Bitfinex swap bubble will have sorted itself out, and the market will have maintained its sideways action throughout.
July 15, 2014, 04:11:49 PM
i'm not holding out on any hopes of bitcoin taking off on a bull-run, at least not in the near future. i'm just hoping something will happen from october onwards.
July 15, 2014, 04:00:18 PM
July 15, 2014, 03:52:50 PM
dnaleor, where do you trade Monero? Isn't this bitcoinwisdom chart? Can't find ticker there...
poloniex (you can also go to mintpal or hitbtc).
You can find the chart here: https://bitcoinwisdom.com/markets/poloniex/xmrbtc
bitcoinwisdom has a lot of "hidden charts"
for example: XPM/BTC @BTC-e: https://bitcoinwisdom.com/markets/btce/xpmbtc
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