Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33447. (Read 26496648 times)
May 21, 2013, 05:20:50 PM
but what about this one?
May 21, 2013, 05:07:20 PM
It obviously broke a very strong support a while before it started to crash
So did we.
Just stay on your toes, that's all I'm saying.
Would this trendline look the same if it weren't for the exponential scale?
It was growing exponentialy for a while before it went nova, so the trend line is difficult to discern. Either way, it will pick back up on it eventually.
May 21, 2013, 05:06:33 PM
A candy for the bulls:
May 21, 2013, 05:05:26 PM
Would this trendline look the same if it weren't for the exponential scale?
Well no, it would look like an exponential function on a linear scale.
May 21, 2013, 05:02:43 PM
May 21, 2013, 05:01:21 PM
It obviously broke a very strong support a while before it started to crash
So did we.Just stay on your toes, that's all I'm saying.
Would this trendline look the same if it weren't for the exponential scale?
May 21, 2013, 04:43:31 PM
I don't have that many. 
May 21, 2013, 04:35:57 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
So what's your prediction?
I don't have one. I just don't think this overly bullish ambiance is a good thing.
Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.
http://www.youtube.com/watch?v=S8QM79i-lXQ
May 21, 2013, 04:34:33 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
This is want you think it will happen , or what you WANT to happen ?
Both, but the market doesn't care what I want. So I go with what I think will happen, if what I want and what I think both happen to coincide, so be it.
Some notes:
The bitcoin loans are getting increasingly more expensive on Bitfinex.
The buy wall at $121 is very strong, because that's the lowest it will go in this consolidating triangle.
Not much of a sell wall between $123-124, which is about where the resistance is right now.
Lots of positive/neutral news recently.
May 21, 2013, 04:23:50 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
So what's your prediction?
I don't have one. I just don't think this overly bullish ambiance is a good thing.
Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.
The bigger difference in the fact you'll buy back in when it bottoms out, which was contrary to what most people did in 2011.
May 21, 2013, 04:23:01 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
This is want you think it will happen , or what you WANT to happen ?
May 21, 2013, 04:15:30 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
So what's your prediction?
I don't have one. I just don't think this overly bullish ambiance is a good thing.
Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011.
May 21, 2013, 04:13:07 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
May 21, 2013, 04:11:57 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
So what's your prediction?
May 21, 2013, 04:11:29 PM
It's different this time™
May 21, 2013, 04:09:23 PM
Clearly someone did, or they wouldn't have sold.
Glad you see my point.
May 21, 2013, 04:08:19 PM
Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
The $30 price peak revealed Bitcoin to the world.
It was unthinkable that the price would go down when so many people had been exposed to this world changing invention.
Clearly someone did, or they wouldn't have sold.
May 21, 2013, 04:05:37 PM
Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
The $30 price peak revealed Bitcoin to the world.
It was unthinkable that the price would go down when so many people had been exposed to this world changing invention.
May 21, 2013, 04:02:51 PM
May 21, 2013, 04:02:41 PM
A friendly reminder from a 2011 survivor.
Graph
Graph
Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
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