Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28419. (Read 26607997 times)

I went to bed feeling I'd wake up to this price, starting to feeling safer as does the market. Monday could be make or break, as no bad news = continued recovery

Bitstamp tryna start it's engine

Funny guy. I am not binary, but this is an important break through.
I was nervous that the wedge was gonna break down, I even stated this in an earlier post, and then everyone said "ooh chessnut's changed his mind again" like tossers.

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

If anyone wants to watch anything else besides these boring as fuck charts i can truly recommend this movie:

it's sneaking up like nobody noticed.

That trendline formed a lil wedge.

I am an idiot. The difference between you and me is that I know it.

The "current" situation starts from any point before November as easily as it as it starts from any point after December.  It is just arbitrary to select one to the exclusion of the other in order to arrive at a simple conclusion... Yes, we can attempt to predict short term on more current, but both short and long term predictions is also affected by more than just the short-term snapshot.

That's pretty close, yes. $429 his weekend is more like a 15% chance, but over the next two weeks it's more like a 55% chance.

Pathetic little moaner. Moaned at 650$ because it's cheap, moans at 450 because it's expensive. He just enjoys making himself to look like idiot 

Ok.  I don't know what people do exactly or how they trade.. however, let's take some of the information that you already provided to us and then speculate a little. 

Let's say for example that you bet wrong b/c you were betting that BTC prices would go to sub $400.  Accordingly, you sold 100 BTC at $430. 

From info you provided, we already know that your average BTC buy in price is less than $40.  Therefore, your total buy in price for 100 BTC is $4,000, but your sell price is $43,000.  You bet wrong, and the train leaves the station, and at some point you say, "shit, i better get on this train or I am going to be left when they get to the rocket liftoff."  Therefore, you buy back in at $500 rather than $400.  You are only able to buy 86 BTC with your $43,000 rather than 107.5 BTC at $400.  You are still ahead by $39,000 with your initial investment, even though you could have been ahead by more. 

In this hypothetical, you lost $4000, but the difference in what you could have gained is 21.5 BTC.  Yet, that is part of the risk in taking chances.  NO?


I know that I am speculating on the numbers, and maybe you bet 500BTC but the same theory applies - just multiply by 5.  There is still a fairly decent chance that prices could reach $429 again before the weekend is up... ... maybe 40% chance?

B.C. Bud only.

do you accept colorful canadian money?

another satisfied sucker customer. I got 2 BTC at $559 up for grabs. Anyone? anyone?

Theoretically, people would buy on Sunday on anticipation of a run up.  It's happened before. I think its about as likely as a dump tomorrow. Or sitting flat.

True. But buyers had ample time to test the top of the trendline before the latest sell off(s). Are they willing to do anything now?

IS BEING DESTROYED in China. Present tense.

Based upon the monthly trend the market is oversold, and even a rally to $540 would be within the overall downtrend.

Who's gonna buy on Sunday @ $460 what they couldn't have bought on Friday @ $447? Is there some way to transfer fiat to exchanges on weekends that I don't know about?
I hope you're right.

Well it does tell you that there is small bullish sentiment at these levels.  People are dipping their toes in the water. Of course it could all be reversed within minutes, as its shark infested waters for sure.