Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33410.

Miz4r

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Activity: 1246

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Quote from: Frozenlock on May 24, 2013, 08:19:51 PM

Quote from: Miz4r on May 24, 2013, 08:18:20 PM

Although I'm a huge bull and all in, I don't think the value of bitcoin should be rising that fast. The infrastructure just isn't ready for it and new hyperbolic growth will only attract the wrong crowd of people who think they can get rich fast and don't really care about bitcoin itself. Slow and steady growth would be best for long term holders and for bitcoin.

I agree. We should go back to $20 then. Grin

No I'd rather not see trolls like Jaroslaw get their filthy hands on cheap coins. Tongue

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Miz4r on May 24, 2013, 08:18:20 PM

Although I'm a huge bull and all in, I don't think the value of bitcoin should be rising that fast. The infrastructure just isn't ready for it and new hyperbolic growth will only attract the wrong crowd of people who think they can get rich fast and don't really care about bitcoin itself. Slow and steady growth would be best for long term holders and for bitcoin.

I agree. We should go back to $20 then. Grin

Miz4r

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Activity: 1246

Merit: 1000

Although I'm a huge bull and all in, I don't think the value of bitcoin should be rising that fast. The infrastructure just isn't ready for it and new hyperbolic growth will only attract the wrong crowd of people who think they can get rich fast and don't really care about bitcoin itself. Slow and steady growth would be best for long term holders and for bitcoin.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Frozenlock on May 24, 2013, 07:22:55 PM

Quote from: adamstgBit on May 24, 2013, 07:22:18 PM

PS: if you're a bear now would be a good time to sell.

Double top?

Or rather: on what do you base this?

I base my analyst purely on intuition and emotion Tongue

I feel its make or break time in bitcoin speculation world.
next week will be a big deal no matter what happens.
there will be no stability, thats for sure.

bears have a distinct advantage as no one has a clue what resistance will be like at and above 150

I think resistance will be minimal and we will cost up and over 200 with ease, but breaking the resistance at 130 140 is key to victory!

bears either show their teeth here and now or the bear pack will spread out and head for the hills, making them an as benign as a 500 btc wall 5$ over spot.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Frozenlock

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Activity: 434

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Quote from: adamstgBit on May 24, 2013, 07:22:18 PM

PS: if you're a bear now would be a good time to sell.

Double top?

Or rather: on what do you base this?

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: adamstgBit on May 24, 2013, 07:15:43 PM

This rally is just a taste of next week's action IMO.

Inb4 flatline week. Lips sealed

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

PS: if you're a bear now would be a good time to sell.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

I hope we'll see stability in the 130's this weekend
130's definitely has some resistance, it would make sense to pause there some time to accumulate coins.
This rally is just a taste of next week's action IMO.

icekiss

member

Activity: 70

Merit: 10

Please party on without me. Cheesy

I'm finished trading for the day. It's after midnight here, and it was quite a headache to get in once mt.gox started creeping upwards again (was 1/3 in fiat) since bitstamp reacted really fast this time around.

Luckily a 400BTC bidwall appeared, which is still creeping downward. At 128.1 I couldn't resist anymore and bought in again. Grin

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: CMMPro on May 24, 2013, 06:59:11 PM

I'm mixing the drinks...what will it be tonight Frozenlock?

Coffee bailey for me, I need to stay alert to savor this volatility. Wink

ChartBuddy

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Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

CMMPro

hero member

Activity: 588

Merit: 500

I'm mixing the drinks...what will it be tonight Frozenlock?

EuroTrash

hero member

Activity: 728

Merit: 500

Looks like there is a party going on here!

Cool, I love parties Grin

ChartBuddy

legendary

Activity: 2352

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Frozenlock

sr. member

Activity: 434

Merit: 250

It's not as if someone could paint the tape for such a time interval anyway.

Oh, wait... Cheesy

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: CMMPro on May 24, 2013, 04:41:02 PM

Looks like a head and shoulders forming....watch for the width of that right shoulder.

If the neckline breaks, the pattern and trend reversal is confirmed, before that the neckline can be considered as support.

CMMPro

hero member

Activity: 588

Merit: 500

My second proposal of the day is to rename the "head and shoulders top" pattern to the "Mt Gox" pattern....it looks like a small mountain range if you squint and it also exemplifies the true meaning of disappointment.

icekiss

member

Activity: 70

Merit: 10

Quote from: Frozenlock on May 24, 2013, 05:18:53 PM

Quote from: Frozenlock on May 24, 2013, 05:06:48 PM

I don't think so, but many here are trading on 1.5% profit...

Quote from: icekiss on May 24, 2013, 05:13:08 PM

bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5 Grin

I am long term bullish, and so try to stay in bitcoins. But whenever I see a chance to increase my bitcoin holdings by selling/rebuying, I'll do so. Otherwise, there would be little point in watching the charts and walls, now would there? Cheesy

I believe in the effects of compound interest

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Frozenlock on May 24, 2013, 05:06:48 PM

I don't think so, but many here are trading on 1.5% profit...

Quote from: icekiss on May 24, 2013, 05:13:08 PM

bitstamp:
that was very satisfying: an 400BTC ask wall appeared at 128.7. Put my bitcoins in front of it. After a bit of leapfrogging, most of my bitcoins were sold, when the wall moved a whole point down!
Rebought my bitcoins minutes later at 126.5 Grin

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