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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26899. (Read 26720873 times)

legendary
Activity: 1078
Merit: 1441

 Cheesy I cut the top of the graph off... but up there, above the blue line.... there are trains and rockets and girls and wealth and shit like that  Cheesy Cheesy

Down the bottom of the graph.... na ya do not want to see what lies down there either....  fire and brimstone n a devil with a penchant for buggery from what I hear.

All hail the mighty Bitcoin...

ahem.. I think I may have taken leave of my senses
legendary
Activity: 1372
Merit: 1000
Remember the end of may? Volume got very low.

Whale Investors: "Sell in May and go away."

They won't come back until the Fall.

sell into what? are Whale Investors holding fiat or gold?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
hero member
Activity: 728
Merit: 500
Also 1d MACD has crossed down while StochRSI seems undecided.
1d MACD, in hindsight, has been the most reliable indicator from Nov 2013 until now. Albeit we still need one day to confirm the crossing. Besides, indicators generally keep working until they don't.

Moving onto the weekly charts, I kind of have some deja-vus from August 2013. Also my own feelings now match those I had at the time. The market was going sideways; I got annoyed at myself for making a couple of wrong trading moves, then decided to move most of my coins to cold storage (except for some pocket money) and forget about trading personally for a while. So that I missed the SR-event slaughter (and probably that was a good thing).

TLDR: conflicting signals and faith in long term success make me want to stay in coins and forget trading for a while.

BTW I'd love to know what oda.krell's reversal index says today.
legendary
Activity: 1078
Merit: 1441
legendary
Activity: 1246
Merit: 1000
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?

Yup.
But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop.

That was in the middle of a bear market, we're now just coming back out of it. We may slip back in but I think the probability of that is not very high considering all the good news.
legendary
Activity: 2324
Merit: 1125
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?

Yup.
But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop.


October 2013
hero member
Activity: 728
Merit: 500
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?

Yup.
But I also remember mid-March, and the end of January. In both cases the volume went paperthin before another drop.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
I believe the selling pressure is waning.

The sell wall is just growing.  8500 coins to $680 now.
legendary
Activity: 3794
Merit: 5474
Remember the end of may? Volume got very low.

Whale Investors: "Sell in May and go away."

They won't come back until the Fall.
newbie
Activity: 11
Merit: 0
Remember the end of may? Volume got very low. Will we see another buying spree when we hit the longterm trendline?
legendary
Activity: 3794
Merit: 5474
Pathetic volume is pathetic.
It's still the summer time, all the drones are still spending money on vacations, clubbing, gin n' tonics, and home beautification projects like landscaping.  

Wheee!  I'm a consumer, and I can spend money today!  Wheeee!  Look at me go!  I'll be no better off in 20 years, but I don't care!  Wheee!  Investing, what's investing??
 Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
Pathetic volume is pathetic.
legendary
Activity: 1260
Merit: 1002

that'd be my winning lottery ticket:

1/ greece
2/ portugal
3/ italy
4/ spain
5/ france

and the extra bonus: UK out of EU Grin
sr. member
Activity: 359
Merit: 250
hero member
Activity: 669
Merit: 500
legendary
Activity: 3794
Merit: 5474

No Aston Martins, Ferraris, Maserati or Lambo's.    I'm not going to waste my BTC on a Volkswagen.
Car market not ready for bitcoin Sad

Love my TDI but I've just about run it into the ground. Time for a refresh. I won't use my stash though. It would have to be a buy BTC then spend.
Same here, absolutely love my 2006 Jetta GLI.  Still only has 92K miles.  Would buy another VW in a heartbeat.
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