Could be head and shoulders we are seeing unfold (also considering the volume)?
Currently in the bitcoin market, it doesn't take much money for the whales to 'paint' whatever pattern they want you to see. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27312. (Read 26609871 times)
June 04, 2014, 04:25:22 PM
June 04, 2014, 04:13:06 PM
A couple decently sized buy orders going through at Stamp right now...hopefully we are getting ready for another little ramp up... Have a little work to do to get us back to our beloved $666
Positive signs from China after they have spent a good part of the day going in the opposite direction of everybody else. But nice little rise today. Let's see if she goes and how far she goes. Could be head and shoulders we are seeing unfold (also considering the volume)?
June 04, 2014, 04:02:29 PM
A couple decently sized buy orders going through at Stamp right now...hopefully we are getting ready for another little ramp up... Have a little work to do to get us back to our beloved $666
June 04, 2014, 04:00:35 PM
June 04, 2014, 03:43:41 PM
back n forth n back n forth n back n forth
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market
buy some bitcoin b4 you do
the sex will be amazing
trust me on this.
June 04, 2014, 03:41:26 PM
June 04, 2014, 03:37:11 PM
back n forth n back n forth n back n forth
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market
n Up n down n Up n down n Up n down
don't worry I'll be having sex in next few hours ..! just practicing my moves..! very strange that this sounds like btc market
June 04, 2014, 03:31:57 PM
June 04, 2014, 03:30:27 PM
I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).
I have run out of painkillers, which is making me grumpy. I am rather annoyed with the monkey as well. If I report his cogitations (which are always indecisive until he calls a turn) I risk my own reputation. Oh well, I am pseudonymous for a reason:
Monkey says 625 on the 10pm bar was a low. (He decided that at midnight, two hours later, with the price at 638.50.) Monkey likes the upside for at least 4 more hours, considers 656 likely resistance. EDIT: Monkey changed his mind and thinks its going down for 5 hours now.
On a daily basis, monkey is expecting to stay biased long until next Tuesday. He first started to like the upside on the 16th, which was a pretty good call, methinks. He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.
On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013. He failed to call that top out clearly, although he was on the verge of doing so. He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.
Disclaimer: The monkey swills expensive single malts constantly. Invest accordingly (i.e., in distillers). Monkey is a fuzzy reasoner.
Sigh. Evolutionary psychology 101:
Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'.
In Aminorex's case, these instinctive functions also include financial modelling.
Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.)
What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention.
Ignore it at your peril.
This is why I bother to wade through these abominable forums. Once you've macheted your way through the thicket of unabashed trolling and relentless stupidity, you can find some real gems
June 04, 2014, 03:26:17 PM
June 04, 2014, 03:20:05 PM
So nice to be in a bull market 
June 04, 2014, 03:15:26 PM
June 04, 2014, 03:00:24 PM
June 04, 2014, 02:36:54 PM
640?
NEVER AGAIN!
NEVER AGAIN!
June 04, 2014, 02:35:19 PM
after 6 confirmations
who gives a shit!
who gives a shit!
Exactly! Now, does anyone know where Satoshi is? Some religious priests are willing to give me 21 million silver coins if I turn him in. I will even consider splitting the reward.
June 04, 2014, 02:33:30 PM
600 sell wall on finex!
-- fail
-- fail
June 04, 2014, 02:31:04 PM
I've noticed a curious duality in your posts recently. Where has magic monkey gone? Whilst I appreciate your own ideas I mourn his loss (though I have to wonder about his relationship with the painkillers you were taking).
I have run out of painkillers, which is making me grumpy. I am rather annoyed with the monkey as well. If I report his cogitations (which are always indecisive until he calls a turn) I risk my own reputation. Oh well, I am pseudonymous for a reason:
Monkey says 625 on the 10pm bar was a low. (He decided that at midnight, two hours later, with the price at 638.50.) Monkey likes the upside for at least 4 more hours, considers 656 likely resistance. EDIT: Monkey changed his mind and thinks its going down for 5 hours now.
On a daily basis, monkey is expecting to stay biased long until next Tuesday. He first started to like the upside on the 16th, which was a pretty good call, methinks. He had thought the 29th might turn south, but he was (a) wrong and (b) hedging.
On a weekly basis, the last time monkey gave up on his longs was the week of the 13th of December, 2013. He failed to call that top out clearly, although he was on the verge of doing so. He decided he liked the long side again the week of the 23rd of May, 2014, and is presently expecting to stay long for at least a month and a half.
Disclaimer: The monkey swills expensive single malts constantly. Invest accordingly (i.e., in distillers). Monkey is a fuzzy reasoner.
[img]
Sigh. Evolutionary psychology 101:
Your brain is broadly divided into 3 parts. The oldest of these is the archaiopallium, which deals with the most fundamental instincts - the four "F"s (fight, flight, feeding and mating). This area of the brain is sometimes known as the reptile brain, as it's all that reptiles have, or popularly your "Chimp" (though this term can also include the limbic system). It roughly corresponds to what Freud called the 'id'.
In Aminorex's case, these instinctive functions also include financial modelling.
Most of the time the id is tempered by the superego, which deals with internalised concepts of morality, and mediated by the ego. However, when the "higher" functions are dulled through use of painkillers or expensive single malt, the chimp or monkey brain wins through. (It's why people fight and have sex a lot when they're drunk.)
What you are seeing in these instances is Aminorex's monkey: pure, instinctive, unmediated financial analysis, unfettered by social convention.
Ignore it at your peril.
Well said Cassius.
While we're here: http://www.youtube.com/watch?v=fWtDB3poavw
June 04, 2014, 02:29:39 PM
How much BTC?
Don't do it! Speaking from experience, that guy will SCREW you over!
after 6 confirmations
who gives a shit!
June 04, 2014, 02:29:05 PM
TERA, very interesting. So it means that currently resistance is $678 and support $566? I think we also have a smaller resistance now at ~$650, which coincides with sMA 200 and the neckline from recent triple top.
If you draw the bottom at $340, then you have support at $530 and resistance at $650. If you draw the bottom at $380, then you have support at $560 and resistance at $675. I'm not sure which one to use.Both are in play at the same time.
June 04, 2014, 02:28:12 PM
How much BTC?
Don't do it! Speaking from experience, that guy will SCREW you over!
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