Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27462. (Read 26709642 times)

Explanation

my thoughts exactly.. June 5th is still possible no?

Weekly MACD could turn green ... soon-ish.

That charting and explanation is even nicer than the first one.  You are a bit more optimistic than me, and I kind of wonder whether you are in approximately the Rpietila camp of optimism.  I am doubtful that the future bubbles are going to be as grand as the past bubbles, yet I have NO problem if they are b/c I would benefit greatly from that, since I have expanded considerably my BTC portfolio over the last six months and I am expecting to expand my portfolio much more in the next year, as my fiat comes in.

FTFY

YOU WOT MATE?

(but seriously though that acronym is fantastic)

Hmm... That acronym works - two syllables compared to mine

Yeah, my suggestion was "Wall Observer Thread Ultimate Parity Party" or "WOTUP Party".

I want an avatar!

I was waiting up so I could post on page 7000...

Can everyone hold back on long posts or large charts until morning (BST) and not spoil it, so I can go to bed?

BTW - someone was looking for a name for the celebration when price and page counts converge.

How about 'Parity Party'?

Seems too regular to not have some factor affecting it, but once a pattern is established, it will be expected and therefore (potentially) self-fulfilling.

Depends on the Avatar...

Personally I am gutted I never bothered to get one earlier on.   But if you were buying one to scam, it might be a negative - you'd want credibility but not recognition, I would imagine.

EDIT: I would pay more than 0.1BTC for one of my choice - I think goat said you can cross Theymos' palm, but he can afford a little more then me

It would be cool if someone could work out a root cause for this. It would be interesting if it was a slight mistuning in the Bitcoin protocol. Or perhaps a harmonic of reward halving.

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/


SELL SELL SELL! 

Explanation

Is this a donation-worthy chart?



I did this up when we were stagnant in the 400's (the blue line) and was waiting to see if the channel here held, and sure enough, the price hit the lower channel boundary and is slowly creeping up (the red line).

I also found that the bubbles (or peaks, if you would prefer to call them that) seem to occur approximately every 234 days (an observation already mentioned on this forum) - with the minimum time between peaks being 213 days and the maximum time being 235 days. Considering there have been six peaks, that is a very small degree of variability for such a volatile phenomenon as Bitcoin.

I then plotted these peaks only and noticed that (bar the June 2011 peak), the others very closely follow an exponential trend which puts the next peak at approximately $4,800 (again, aligning with other predictions being tossed around the forum).

If you extrapolate this trend further, it puts the March 2015 peak at a whopping $26,000!

One last interesting point of note... the runup to the bubbles, whilst varying in duration, does appear to assume the same velocity. Assuming we hit the top of the channel in the next run-up, this price velocity has us commencing the notorious bull-run within the next 10-20 days. Is it just a coincidence that the 1w MACD crossover looks likely to occur in the next 10-20 days?.....

Final disclaimer (before someone else says it): Past behaviour is no indication of the future.
... but it sure is interesting...

Puts me in an awkward situation, though.  Suddenly I'm married to some rich guy...

I disagree - what you are referring to is a super-exponential trend. Most people seem to agree that Bitcoin is following an exponential trend (hence the exponential trendline with a linear y-axis in my plot...)

China starting to lead the markets again. I feel this won't end well again, what ever the reached price will be.

Huobi doesn't give a fuck at the moment. Keeps pushing to new short term highs.