I don't think we've ever seen quite this level of entrenchment after January. This might be the stability we've been waiting for 
enjoy while it lasts.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33624. (Read 26495679 times)
May 09, 2013, 06:26:16 AM
enjoy while it lasts.
May 09, 2013, 06:24:34 AM
RELIABLE
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May 09, 2013, 06:23:26 AM
May 09, 2013, 06:23:11 AM
This is pretty much my analysis too. I think there's some real powerful resistance at $90, and that breaking $80 is very unlikely unless something disruptive happens and panic is triggered (this is always a possibility with a bleeding edge technology like Bitcoin).
I therefore believe that unless something negative happens we're headed towards a consolidation phase and not a bear market. But the truth is that only time will tell.
Quote
All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15.
Possible blockchain fork ? May 09, 2013, 06:22:34 AM
Gox down again? WFT?
May 09, 2013, 06:19:51 AM
Bid sum creeping up, but no greed in the bulls side. No fear in the bears side.
Nice.
Nice.
May 09, 2013, 06:17:41 AM
I don't think we've ever seen quite this level of entrenchment after January. This might be the stability we've been waiting for
May 09, 2013, 06:14:02 AM
Sleep is for the weak. 
May 09, 2013, 06:12:50 AM
A lot of bitcoin traders finally able to sleep/live life.
Dont speak too soon.
May 09, 2013, 06:12:40 AM
A lot of bitcoin traders finally able to sleep/live life.
Usually those who fall asleep or go out and enjoy life on low volume wake up / come back to a radically changed picture.
I'm not suggesting to not do that, though.
May 09, 2013, 06:12:30 AM
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
True, and that scenario exists (let's call it the "grey" scenario). That exhibition is not complete.
btw: I think "green" is most likely, followed by "grey", then "red", then "yellow". That might be based on wishful thinking, though.
I believe "grey" is most likely, then "red", then "green", then "yellow". Anyhow impossible to be sure ATM. Buying or selling now is just a gamble.
May 09, 2013, 06:10:57 AM
A lot of bitcoin traders finally able to sleep/live life.
May 09, 2013, 06:09:57 AM
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
True, and that scenario exists (let's call it the "grey" scenario). That exhibition of mine is not complete.
btw: I think "green" is most likely, followed by "grey", then "red", then "yellow". That might be based on wishful thinking, though.
May 09, 2013, 06:07:34 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
This is pretty much my analysis too. I think there's some real powerful resistance at $90, and that breaking $80 is very unlikely unless something disruptive happens and panic is triggered (this is always a possibility with a bleeding edge technology like Bitcoin).
I therefore believe that unless something negative happens we're headed towards a consolidation phase and not a bear market. But the truth is that only time will tell.
May 09, 2013, 06:05:51 AM
May 09, 2013, 06:02:54 AM
I dont think we will break out of $266 at least until November or December. That may even be too soon.
Hmm time will tell.
Hmm time will tell.
May 09, 2013, 06:01:32 AM
Next spike may be a long time coming.
Quoted for posterity
Fair enough
Shall I define that as a 100% spike in say a month? And say late summer? I'm digging myself deeper aren't I? I'll continue to be vague. Worked well for Nostradamus 
Rampion: yes with regards to BTC volume it's WAY down but I personally think it's more relevant to look as currency volume now that there are a lot of new hands on board.
May 09, 2013, 06:00:15 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
Interesting, but no scenario has the rate between $80 and $120 during the last week of May, which must have a high probability...
May 09, 2013, 05:57:31 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
Yep, this is what I've been thinking for awhile. Nice to see it backed up with definitions and looking quite fancy.
May 09, 2013, 05:47:17 AM
due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalksearch.org/topic/m.2084624
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break:
- the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then)
I don't think we have to wait more than a month to see this resolved.
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