Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31141. (Read 26652636 times)

We are in a full bull market now and wishful thinking won't change a thing. Expect the price to go up for a long while (except the bounces here and there).

Chart astrology.

Throbbing Anus

Whats TA?

I really think (and hope) that the 2nd scenario is the most probable. Anyway I'm not giving up my coins even if the price falls lower than 600. I believe that most here think the same way even if they are partialy BTC/Fiat.

?

I left them last summer. what is going on?

are they broke or something?

what. is. going. on. at. gox.

love their email "we would have liked to communicate more"

"i would have liked to not punch you in the face and take your lunch money"

After studying these markets daily, I believe I have a pretty good pulse on where things are going. Here are my 2 cents currently.

There is a groundswell of buying pressure sitting off to the sidelines and its growing. Its growing for 2 reasons. First, most traders are not 100% bitcoin at the moment. Just look on this mostly bullish forum. Most of us are partly fiat right now. We have $$$ sitting on the sidelines. Second,
there is a lot of new money coming into the exchanges that are not buying right away. That is why the bid sum is increasing. People want to invest, but do not necessarily want to invest if the price is going to go lower.

So every possible mid term scenario (minus a catastrophic one, which always exists) has one final result - an strong upswing in which the money is forced to come back into the market. This will eventually cause another large rally. To where, I do not know. But it is coming.

I think there are 3 near/mid term scenarios. I will list them most unlikely to most likely.

A.  Incredibly bullish news spurns the market upward suddenly forcing the money on the sidelines back in causing a new huge rally.  

B. The market consolidates where it is (around $900) for 1-4/5 weeks. This would be the most bullish scenario and would be similar to the consolidation around $120-$130 a few months ago.

C. The market ebbs sideways and downward over the holidays as the holiday season wins the news cycles and people hold off on investing and sending more funds to markets.  In this scenario, we DO NOT reach another low past the $600ish already established. This would be very similar to the April rally where people expected it to test the low of $50s but it only got to $66, because everyone wanted to buy low.

I think C is most likely given the holidays. We will trend sideways to down, we will start a slow upswing sometime before $600. Somewhere from Dec. 30th to Jan. 31st that upswing will gain momentum and by sometime in February we will be in full fledge rally mode again. I also think this scenario could happen before February as well.

what? another pump to 1 k incoming?

I really hope so.

we're all expecting a dip. You know what that means . . .

Up, because I am all out, waiting for a dip.

everyone seems to hope news will turn things around, exposure is nice but it's the wrong time to have a big effect on price, people are scared to enter after these latest events. i entered in april sat on the sidelines for a while after watching it crash....

Any predictions on movements in the BTC markets in the next 24 hours?

Bitstamp seems to be at an all time high for bid sum, or close to it, at $17.25M.