Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32925.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: strawbs on June 18, 2013, 08:25:16 AM

The G8 talks are currently being held in UK and this story is getting quite a bit of airtime on BBC at the moment:
http://www.bbc.co.uk/news/business-22948369

Washington is continuing to put pressure on Swiss banks to hand over details of US bank account holders. Potentially, account holders could end up looking for another anonymous place to store their wealth. Maybe bitcoin could benefit...

Uhm no.

gizmoh

legendary

Activity: 1428

Merit: 1000

wallzilla at 104.5 is back, waiting for you guys to eat his walls. Its going to get ugly after that..

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Miz4r on June 18, 2013, 08:48:53 AM

Quote from: ardana123 on June 18, 2013, 08:44:53 AM

don't forget the bubble deflation in general

What bubble deflation? You mean this?

Image taken from https://twitter.com/SirBitsALot

That's quite a bearish chart in my book.

barbs

hero member

Activity: 854

Merit: 1000

god to see there is some life left in this thing. IF ONLY I WENT ALL IN AT 101 Cheesy

rezurect

sr. member

Activity: 686

Merit: 250

one fuking eight.
Unfucking belivable.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: ardana123 on June 18, 2013, 08:13:50 AM

sucker rally

The suckers will be the people left behind.

barbs

hero member

Activity: 854

Merit: 1000

timed about the time when east coast wakes up and finishes their coffee... in time for morning panic buys! Cool

ElectricMucus

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Marketing manager - GO MP

Quote from: Miz4r on June 18, 2013, 09:07:58 AM

Quote from: ElectricMucus on June 18, 2013, 09:02:10 AM

Both the run up and in conclusion the run down are taking longer this year than 2 years ago. Gotta scale it, it's gonna line up much better then, but the picture ain't not so bullish as you armchair manipulators want it to.

So are you back to being a care bear again? The picture isn't really bullish by the way, more sideway-ish for the short or mid term with main support sitting around 100. I don't believe we can sustain an increase above 150 before the end of this year, so I'm really not all that bullish as you might think.

In the long run its either new highs or new lows, wait a few minutes I think I'm going to make that comparison in a more fitting manner..

barbs

hero member

Activity: 854

Merit: 1000

well someone is short term bullish with these market buys Huh

Miz4r

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Activity: 1246

Merit: 1000

Quote from: ElectricMucus on June 18, 2013, 09:02:10 AM

Quote from: Miz4r on June 18, 2013, 08:48:53 AM

Quote from: ardana123 on June 18, 2013, 08:44:53 AM

don't forget the bubble deflation in general

What bubble deflation? You mean this?

Image taken from https://twitter.com/SirBitsALot

Both the run up and in conclusion the run down are taking longer this year than 2 years ago. Gotta scale it, it's gonna line up much better then, but the picture ain't not so bullish as you armchair manipulators want it to.

So are you back to being a care bear again? The picture isn't really bullish by the way, more sideway-ish for the short or mid term with main support sitting around 100. I don't believe we can sustain an increase above 150 before the end of this year, so I'm really not all that bullish as you might think.

circuitry

member

Activity: 61

Merit: 10

Quote from: Miz4r on June 18, 2013, 08:48:53 AM

Quote from: ardana123 on June 18, 2013, 08:44:53 AM

don't forget the bubble deflation in general

What bubble deflation? You mean this?

Image taken from https://twitter.com/SirBitsALot

Well, we all know that we have hit floors of $81 in May and $93 in June, so your "upwards" "projection" is pretty much wishful thinking. If you like arrows, try to retrace yours according to, you know, actual bottoms and see where it points.

ElectricMucus

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Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Miz4r on June 18, 2013, 08:48:53 AM

Quote from: ardana123 on June 18, 2013, 08:44:53 AM

don't forget the bubble deflation in general

What bubble deflation? You mean this?

Image taken from https://twitter.com/SirBitsALot

Both the run up and in conclusion the run down are taking longer this year than 2 years ago. Gotta scale it, it's gonna line up much better then, but the picture ain't not so bullish as you armchair manipulators want it to.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: IG0BR0KE on June 18, 2013, 08:39:27 AM

Quote from: BitPirate on June 18, 2013, 08:36:37 AM

Quote from: bangersdad on June 18, 2013, 08:34:58 AM

i just dont think anything has changed to cause a rally.

until mass adoption starts imo btc is over valued. The legislation side of things worries me still.

we will see how this plays out, but im not buying yet.

Nothing changed to cause any of the recent declines.

Rly? Dwolla, LR? ...

Dwolla was the last bad news to cause a decline. Since then the dumps have been purely speculative (or manipulative)

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: ardana123 on June 18, 2013, 08:44:53 AM

don't forget the bubble deflation in general

What bubble deflation? You mean this?

Image taken from https://twitter.com/SirBitsALot

ardana123

hero member

Activity: 504

Merit: 500

don't forget the bubble deflation in general

IG0BR0KE

newbie

Activity: 56

Merit: 0

Quote from: BitPirate on June 18, 2013, 08:36:37 AM

Quote from: bangersdad on June 18, 2013, 08:34:58 AM

i just dont think anything has changed to cause a rally.

until mass adoption starts imo btc is over valued. The legislation side of things worries me still.

we will see how this plays out, but im not buying yet.

Nothing changed to cause any of the recent declines.

Rly? Dwolla, LR? ...

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: bangersdad on June 18, 2013, 08:34:58 AM

i just dont think anything has changed to cause a rally.

until mass adoption starts imo btc is over valued. The legislation side of things worries me still.

we will see how this plays out, but im not buying yet.

Nothing changed to cause any of the recent declines.

bangersdad

full member

Activity: 227

Merit: 100

i just dont think anything has changed to cause a rally.

until mass adoption starts imo btc is over valued. The legislation side of things worries me still.

we will see how this plays out, but im not buying yet.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: darklight on June 18, 2013, 08:25:06 AM

Good luck to all who are in. I'm staying out for now, it looks like standard tactics to raise the price with a big wall prior to a dump

Wall only appeared after several pretty large market orders brought the price above $106. Walzilla had nothing to do with this rise. And he already disappeared it seems, I hope he realized he is not needed nor wanted. It's buy or stay out.

Dalib

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Quote from: thezerg on June 18, 2013, 08:23:51 AM

With all the speculators on this forum claiming to have sold out waiting for 50, it was pretty obvious we weren't going anywhere near there (barring a major news event that causes a fundamental price re-eval). But the prevailing bearish sentiment is still pushing the price down. But at the same time, China is still building demand and it looks like the USG has completed its roundup of non-compliant sites...

Soon we will be in a situation where the incumbent speculators are going to be fighting the newcomers for coins

.

But is today's breakout the beginning?

Take a look at the volume for the past week and note the transition from sell-to-buy, starting right after the dump from 110:
http://www.bitcoincharts.com/charts/mtgoxUSD#rg10ztgSzm1g10zm2g25zv

Some medium-term indicators (weeks) look as if it was a drop for us, and a rise as we saw in May:

http://www.bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zi1gMACDzi2gMFIzi3gStochRSIzv

but the way to somewhere from 115 to 120 is still only one of several options for me ...

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