Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33077. (Read 26497014 times)

That 8% thing is typical Pembury greed preying on local hipsters. Their carbonara pizza looks amazing and filled with goodness until you touch it and it deflates to an empty nothing. I'll not be giving them my BTC

I'd say its still too dangerous to buy.

Back in long sleeves 

Nice data on Cup and Handle. Thanks.

It does look like a cup and handle but it doesn't follow the rules, most notably the time and shape (not saying it won't breakout though). Anyway here is something:

http://www.investopedia.com/terms/c/cupandhandle.asp

Definition of 'Cup and Handle'
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off. Below is an example of a cup and handle chart pattern:



Investopedia explains 'Cup and Handle'
A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be.

 "adds an eight percent hedge in his favour as a way of offsetting potential fees in converting bitcoins."

what a great deal that is...i'll definately use bitcoin over cash for a mere 8% fee...what a bargain.

Good business sense... cheap publicity (groan). I'll visit when I'm back in the UK, if only for the novelty factor...

I'm looking forward to seeing $115 breached today... going to be fun.

another pump and dump day. too much activity on 0.01 trades.

I was surprised yesterday's session didn't fallback more. Maybe the bulls only need a little reassurance. Blastoff or crash. Always 50/50.

edit: hop http://www.forexminute.com/bitcoin/pay-in-bitcoins-for-drinks-at-this-london-restaurant-7888

i'm still not buying though..     8k wazilla is still out there

Our big boys are back, 5k at 100.2 and 2.5k at 102..

I'm thinking along the same lines.

Nope. I am happy too, especially after reloading in a major way at $91...
Still think $200 by the end of this year is possible. Fingers crossed.

Didn't take long to find a buyer  

2200 bought.

Got consumed.

TANGO DOWN

"People were just buying my wall at 107.4"

"I know, I'll drop it to 107."

Retardation. Just forget about your shorts already. It's easier that way.

There's a massive reason to buy, right there: The only way the market falls is through manipulation...