Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33724.

Kazu

full member

Activity: 168

Merit: 100

Quote from: rpietila on April 20, 2013, 03:21:44 PM

Quote from: Kazu on April 20, 2013, 03:08:11 PM

Quote from: Missionary on April 20, 2013, 02:58:34 PM

Seeing a fourth green candle makes me think that we are out of the bear trap.

Its gonna take at least 7 to convince me.

By that time we are overextended, and a recoil is due. Just like after the 7 consecutive red candles.

Buy low. Bitcoin is anyway headed to $300k, or zero. What exactly do you gain, by momentum trading?

Don't worry, I already own bitcoins (and a fair amount at that). I fully expect it to go up in the long term, and the risk one takes by not riding the inevitable wave is not worth the reward of getting them a few bucks cheaper. However, I still don't expect straight up from here, as I said before, I need 7 consecutive green candles.

EDIT: LOL the $130 wall is being trolled so hard right now.

Rockford

member

Activity: 87

Merit: 10

here we go!

DougTanner

sr. member

Activity: 280

Merit: 250

Last 15 hours: slow steady rise.

That usually prompts whales to jump in, but maybe because it's the weekend it won't happen this time.

... I say just as someone eats the wall @ $125...

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Kazu on April 20, 2013, 03:08:11 PM

Quote from: Missionary on April 20, 2013, 02:58:34 PM

Seeing a fourth green candle makes me think that we are out of the bear trap.

Its gonna take at least 7 to convince me.

By that time we are overextended, and a recoil is due. Just like after the 7 consecutive red candles.

Buy low. Bitcoin is anyway headed to $300k, or zero. What exactly do you gain, by momentum trading?

Kazu

full member

Activity: 168

Merit: 100

Quote from: BTCdude007 on April 20, 2013, 03:19:12 PM

Quote from: Kazu on April 20, 2013, 03:08:11 PM

Quote from: Missionary on April 20, 2013, 02:58:34 PM

Seeing a fourth green candle makes me think that we are out of the bear trap.

Its gonna take at least 7 to convince me.

nope, 6 green candle "confirmations"!

Fine. But honestly, 4? Thats like electrum.

BTCdude007

sr. member

Activity: 686

Merit: 250

Quote from: Kazu on April 20, 2013, 03:08:11 PM

Quote from: Missionary on April 20, 2013, 02:58:34 PM

Seeing a fourth green candle makes me think that we are out of the bear trap.

Its gonna take at least 7 to convince me.

nope, 6 green candle "confirmations"!

Kazu

full member

Activity: 168

Merit: 100

Quote from: Missionary on April 20, 2013, 02:58:34 PM

Seeing a fourth green candle makes me think that we are out of the bear trap.

Its gonna take at least 7 to convince me.

Missionary

full member

Activity: 224

Merit: 100

Seeing a fourth green candle makes me think that we are out of the bear trap.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

Yeah, but it's nice to dream. Wink

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

Quote from: TsuyokuNaritai on April 20, 2013, 02:26:15 PM

The Bitcoin Channel, tweeted an hour ago: "Bitcoin Shortage? Less Than 100k BTC Available Under 300 Dollars"

http://www.thebitcoinchannel.com/archives/3702

Not really short considering I myself have BTC off book ready to sell when it suits me. The book is only 'marginally' useful I think.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

And 13% more to reach $1000/BTC

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: LightRider on April 20, 2013, 02:29:09 PM

Quote from: TsuyokuNaritai on April 20, 2013, 02:26:15 PM

The Bitcoin Channel, tweeted an hour ago: "Bitcoin Shortage? Less Than 100k BTC Available Under 300 Dollars"

http://www.thebitcoinchannel.com/archives/3702

Scarcity doesn't drive up price, does it?

Not when its derived from an ever changing order book, no.

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Quote from: TsuyokuNaritai on April 20, 2013, 02:26:15 PM

The Bitcoin Channel, tweeted an hour ago: "Bitcoin Shortage? Less Than 100k BTC Available Under 300 Dollars"

http://www.thebitcoinchannel.com/archives/3702

Scarcity doesn't drive up price, does it?

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

The Bitcoin Channel, tweeted an hour ago: "Bitcoin Shortage? Less Than 100k BTC Available Under 300 Dollars"

http://www.thebitcoinchannel.com/archives/3702

LightRider

legendary

Activity: 1500

Merit: 1022

I advocate the Zeitgeist Movement & Venus Project.

Are we expected to reach a new all time high for 4/20?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Piper67 on April 20, 2013, 02:16:21 PM

"Mankind's biggest failure is our inability to understand the exponential function" Cheesy

Never before in the history of mankind, has this skill come so handy.

Wtf "skill", excel just churns out the numbers, "it almost isn't sporting, is it".

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: rpietila on April 20, 2013, 02:14:09 PM

Quote from: Kazu on April 20, 2013, 01:53:26 PM

Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.

124/120 gives you 3.3% per day.

With such boring rate, we will reach my target of $300k by...

...Christmas?

Yes. This year.

"Mankind's biggest failure is our inability to understand the exponential function" Cheesy

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Kazu on April 20, 2013, 01:53:26 PM

Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.

124/120 gives you 3.3% per day.

With such boring rate, we will reach my target of $300k by...

...Christmas?

Yes. This year.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: Kazu on April 20, 2013, 01:53:26 PM

Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.

After that, im looking at $190 as resistance.

Kazu

full member

Activity: 168

Merit: 100

Seems like a rocky road but so far the trend has generally been up. Started the day at ~120-ish, and now its $124-ish. It'll be nice if we can break the $137 level though. That's key.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33724. (Read 26462497 times)