Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31868. (Read 26717305 times)
November 20, 2013, 04:37:23 AM
Wow, just arrived at work, what happened over night? Where is the 1.1 million wall at 550? Cancelled or eaten through?
November 20, 2013, 04:31:57 AM
We have to break at least 380 on stamp that this would become crash, otherwise we will continue to follow this trend, sooner more than later.
Stick this in to your emotional head! =)
There's a lower underlying trend line. Expect to bounce off that.
November 20, 2013, 04:31:18 AM
We have to break at least 380 on stamp that this would become crash, otherwise we will continue to follow this trend, sooner more than later.
Stick this in to your emotional head! =)
FIXED
November 20, 2013, 04:28:59 AM
That trendline is faster than exponential. It is actually the tallest of three new trendlines that we have seen this year.
July trendline: Somewhat fast but reasonable continuation of march, leading to a breakout. This could be considered a hard support and representative of the actual growth happening with bitcoin.
October trendline: Once we broke out from $150, this became the new trendline, which seemed insanely fast at the time. We knew we were leading into a bubble at this point. This trendline is perhaps representative of the growth occuring with China/Bitstamp/etc, though it is pretty fast. It MIGHT become our support after this collapse and for 2014.
November trendline: Once $266 broke, the price went ballistic and started following this new trendline. It looks completely vertical on a logarithmic chart and cannot be sustained. This is the trendline in the picture you posted. We are definitely going to break it at some point. The question is is that happening now or somewhere down the line. If it holds, it will only serve to prolong the bubble further to $1400 or so before an even larger and more devestating collapse.
July trendline: Somewhat fast but reasonable continuation of march, leading to a breakout. This could be considered a hard support and representative of the actual growth happening with bitcoin.
October trendline: Once we broke out from $150, this became the new trendline, which seemed insanely fast at the time. We knew we were leading into a bubble at this point. This trendline is perhaps representative of the growth occuring with China/Bitstamp/etc, though it is pretty fast. It MIGHT become our support after this collapse and for 2014.
November trendline: Once $266 broke, the price went ballistic and started following this new trendline. It looks completely vertical on a logarithmic chart and cannot be sustained. This is the trendline in the picture you posted. We are definitely going to break it at some point. The question is is that happening now or somewhere down the line. If it holds, it will only serve to prolong the bubble further to $1400 or so before an even larger and more devestating collapse.
November 20, 2013, 04:25:03 AM
lol
i can't login at stamp, because loading time takes longer than the time my 2faAuth-key is valid.
what a joke.
i can't login at stamp, because loading time takes longer than the time my 2faAuth-key is valid.
what a joke.
November 20, 2013, 04:23:52 AM
Nice. On Gox money goes in, money doesn't go out. On Stamp, money doesn't go in, money doesn't go out. The rest of the exchanges? A bad joke.
Nice ecosystem and infrastructure we have. So much for the singularity fans
Nice ecosystem and infrastructure we have. So much for the singularity fans
November 20, 2013, 04:20:56 AM
We have to break at least 380 on stamp that this would become crash, otherwise we will continue to follow this trend, sooner more than later.
Stick this in to your emotional head! =)
November 20, 2013, 04:18:52 AM
If this was a full-blown bubble collapse btcchina wouldn't be trading at $712 USD equivalent.
China futures are trading around Y3500, a full Y1500 lower than BTCChina price.
It's only a matter of time. As soon as bitstamp sort their banking out, the gap will crumble.
November 20, 2013, 04:11:32 AM
That wall on btcchina at 4000 keeps getting smaller and smaller and eclipsed by the sell orders. When it breaks who knows where itll go.
November 20, 2013, 04:10:13 AM
If this was a full-blown bubble collapse btcchina wouldn't be trading at $712 USD equivalent.
November 20, 2013, 04:07:24 AM
Have we officially gone now from correction to full blown bubble collapse?
Nope, full blown bubble collapse is when we go below $200 again. Correction back to ~$400 on Gox would still preserve the uptrend, if we go lower things will become trickier and I may have to bring in some fresh fiat to buy.
November 20, 2013, 04:06:38 AM
Right now people are clinging for dear life onto the crazy november trendline. I guess when that breaks.. we go to the october trendline? That would be around $300.
November 20, 2013, 04:04:17 AM
Have we officially gone now from correction to full blown bubble collapse?
Not yet, there's seem to be nice support at $400, but the recent mania was so crazy that this might be the moment in which we will revisit and test the all time exponential trend line (which now sits around $370).
For the "that will not ever happen crowd": just remind that the price is bound to be 50% of the time above the trend line, and 50% below it. It's math. Place your bids and take the buying opportunity if it happens. If not, be happy and remember to realize some fiat profits at some point, preferably when we are way above the exponential trend line (above $670 it was a no brainer to secure some fiat profits especially for those who bought at double digits).
November 20, 2013, 04:03:28 AM
Have we officially gone now from correction to full blown bubble collapse?
not yet but almost, it's just a matter of time until the last bulls realize that they already made enough profit for just two weeks...
November 20, 2013, 04:02:06 AM
You're still thinking about the bad news aren't you.
November 20, 2013, 04:01:29 AM
November 20, 2013, 04:00:03 AM
Have we officially gone now from correction to full blown bubble collapse?
i'm sure stamp will do the rest.trading is a mess there.
what now either get goxed or stamped
not sure what's worse
November 20, 2013, 03:56:34 AM
Have we officially gone now from correction to full blown bubble collapse?
November 20, 2013, 03:54:40 AM
Well, stamp has now f'd me.
I give up. The past few days will be disastrous for BTC publicity.
I give up. The past few days will be disastrous for BTC publicity.
November 20, 2013, 03:51:26 AM
Quote
3) insider trading (I don't know which news can dramatically crash BTC market now)
Early knowledge that Gox will be resuming USD withdrawals shortly.
Not likely, but it was the first thing that came to mind.
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