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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31242. (Read 26610822 times)

legendary
Activity: 1615
Merit: 1000
Ofc it can go higher for an extended period of time. But aren't we kind of in a bear market now? Wink Ending the year at $500 sounds very good to me.

And if the price goes off the trendline for very long, the trendline will shift... So how do we know whether Bitcoin has been mostly trading above or below whatever the trendline will turn out to be, so far? I'm guessing some tea leaves will be involved.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
I was going to buy at 730 usd but now it's 815 usd per btc on gox. Is it going to go down again?

Possibly, but don't count on it immediately.

If it goes up from here, we may not see it until the next bubble pops.
full member
Activity: 160
Merit: 101
I was going to buy at 730 usd but now it's 815 usd per btc on gox. Is it going to go down again?
No you have to panic buy. No one here can answer that, and don't expect people to answer you with _your_ interest in mind.
donator
Activity: 1722
Merit: 1036
Breaking out of that triangle in a big way. Anyone want to place bets on recovery or bull trap?

You mean an actual bet? Yeah, sure. I feel we will go visit the exponential trendline.
what point are we currently at on that trendline? i forget where that thread is  Cheesy

December target at about $428.

Ofc it can go higher for an extended period of time. But aren't we kind of in a bear market now? Wink Ending the year at $500 sounds very good to me.


hero member
Activity: 777
Merit: 500
I was going to buy at 730 usd but now it's 815 usd per btc on gox. Is it going to go down again?
full member
Activity: 126
Merit: 100
We are now back in the channel of 11 - 21 November.

I would temper this sentiment with being *under* the moving averages on so many charts. QED Downtrend.
sr. member
Activity: 252
Merit: 250
We need to break through the 50-60% retrace zone from the highs to the 576 low.  There will be resistance there, if we get through that then the ATH will be back in the crosshairs.
full member
Activity: 126
Merit: 100
The three magic numbers I am looking at for the short term are:

576: The low.
860: The bounce high.
864: 50% off the low.

How do you mean, 50% off the low. Excuse me, I just don't know what you mean by that. Smiley

.5 x 576 + 576 = 864


not sure that it means anything but that is how he got it...

thank you, sir
full member
Activity: 224
Merit: 100
for me the numbers are 600 and 850. There was quite a battle around 850 but once it was breached we went into free fall until we dipped under 600 at which point the demand returned
hero member
Activity: 841
Merit: 1000
We are now back in the channel of 11 - 21 November.
sr. member
Activity: 476
Merit: 250
The three magic numbers I am looking at for the short term are:

576: The low.
860: The bounce high.
864: 50% off the low.

How do you mean, 50% off the low. Excuse me, I just don't know what you mean by that. Smiley

576 * 1.5 = 864
full member
Activity: 224
Merit: 100
The three magic numbers I am looking at for the short term are:

576: The low.
860: The bounce high.
864: 50% off the low.

How do you mean, 50% off the low. Excuse me, I just don't know what you mean by that. Smiley

576 x 1.5
hero member
Activity: 624
Merit: 500
Still intact:

Go bears! Cheesy
newbie
Activity: 15
Merit: 0
Finally, sold once @the right time. Now we can go down please  Cheesy

Well done, so far the downtrend looks intact.
a few mini whales are trying very hard to break upwards at strategic moments (i.e. last couple hours nearing close of pennant), but i dont think this takes. down soon IMO.
+1
full member
Activity: 126
Merit: 100
The three magic numbers I am looking at for the short term are:

576: The low.
860: The bounce high.
864: 50% off the low.

How do you mean, 50% off the low. Excuse me, I just don't know what you mean by that. Smiley
sr. member
Activity: 476
Merit: 250
The three magic numbers I am looking at for the short term are:

576: The low.
860: The bounce high.
864: 50% off the low.
sr. member
Activity: 361
Merit: 250
Finally, sold once @the right time. Now we can go down please  Cheesy

Well done, so far the downtrend looks intact.
a few mini whales are trying very hard to break upwards at strategic moments (i.e. last couple hours nearing close of pennant), but i dont think this takes. down soon IMO.

I would not be surprised if this was one person or a small group of people trying to manipulate to get others to break the trend
full member
Activity: 126
Merit: 100
If anyone's making smart swing trades from mid 600s to 800ish, I'd think now it's profitland. Smiley

Edit: Just saying, looks like it's after one of the whale's buy and before their sell.
full member
Activity: 224
Merit: 100
gox really need to sort their shit out.
hero member
Activity: 854
Merit: 1000
Breaking out of that triangle in a big way. Anyone want to place bets on recovery or bull trap?

You mean an actual bet? Yeah, sure. I feel we will go visit the exponential trendline.

arg why did you have to say this. Now i'm questioning my position because you are truly a contrarian indicator.
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