Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33865.

telemaco

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Merit: 250

Quote from: blackreplica on May 07, 2013, 03:00:37 PM

Quote from: Frozenlock on May 07, 2013, 02:50:19 PM

Quote from: zby on May 07, 2013, 02:35:36 PM

Looks like a bearish pennant.

Shouldn't the bottom line be straight to call it a bearish pennant?

He might call it bearish because the bear trendline (going down the tops) is steeper than the bull line (going up the bottoms).

I wanted to post the same chart but many others here beat me to it.Something big is going to happen around May 13th. I lean slightly to the bullish side thank to recent positive news but where it goes is anyone's guess. For anyone who has some surety as to where we will go next: It's either time to buy coins or buy fiat. Movement is coming

In case winter is coming...

We might have a long glaciation period in which our bear hibernate on the deepest of the cave at 50 or even 30 degrees Fahrenheit hearing the howls of the fincen wolf's regulating everything to hell and limiting the access of bitcoin exchanges from the rest of the financial world

Or maybe this is just yogui bear land and hundred thousand Chinese start to pour money on the bitcoin

phoenix1

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Quote from: blackreplica on May 07, 2013, 03:00:37 PM

Movement is coming

Yup

Roll up, roll up, ladies and gentlemen, place your bets !

blackreplica

full member

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Quote from: Frozenlock on May 07, 2013, 02:50:19 PM

Quote from: zby on May 07, 2013, 02:35:36 PM

Looks like a bearish pennant.

Shouldn't the bottom line be straight to call it a bearish pennant?

He might call it bearish because the bear trendline (going down the tops) is steeper than the bull line (going up the bottoms).

I wanted to post the same chart but many others here beat me to it.Something big is going to happen around May 13th. I lean slightly to the bullish side thank to recent positive news but where it goes is anyone's guess. For anyone who has some surety as to where we will go next: It's either time to buy coins or buy fiat. Movement is coming

Frozenlock

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Activity: 434

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Quote from: zby on May 07, 2013, 02:35:36 PM

Looks like a bearish pennant.

Shouldn't the bottom line be straight to call it a bearish pennant?

telemaco

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Activity: 371

Merit: 250

Quote from: Rampion on May 07, 2013, 02:39:34 PM

Quote from: telemaco on May 07, 2013, 02:29:03 PM

Quote from: cedivad on May 07, 2013, 02:17:29 PM

Quote from: telemaco on May 07, 2013, 02:16:31 PM

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news Wink

Sorry man I took less than a minute to correct the post. I guess I was so impressed by an initial article scan that did not pay attention

I think he is joking - irony, sarcasm, etc.

Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish.

Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it.

The guy from the bitcoin channel was even talking about a year winter hibernation on a bear cave at 50 or maybe even 30

Richy_T

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Activity: 2674

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: randrace on May 07, 2013, 02:45:12 PM

Hey Richy, I finally found a place to put that sticker. Now anyone who sees me open my moleskin will know where my loyalties lie.

Sweet. I don't have one up. I tend to be sticker shy with my vehicles but I think I'll get one on the back window soon.

Odalv

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Quote from: telemaco on May 07, 2013, 02:30:56 PM

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

$91 or break through $123 and fight at $140

randrace

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Activity: 329

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LTC -> BTC -> Silver!

Hey Richy, I finally found a place to put that sticker. Now anyone who sees me open my moleskin will know where my loyalties lie.

micalith

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Activity: 894

Merit: 501

Quote from: ?? on ??

Quote from: oda.krell on May 07, 2013, 02:11:06 PM

EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?

It looks to me like high volume correlates with steep gradients more than it does to lows.

Rampion

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Quote from: telemaco on May 07, 2013, 02:29:03 PM

Quote from: cedivad on May 07, 2013, 02:17:29 PM

Quote from: telemaco on May 07, 2013, 02:16:31 PM

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news Wink

Sorry man I took less than a minute to correct the post. I guess I was so impressed by an initial article scan that did not pay attention

I think he is joking - irony, sarcasm, etc.

Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish.

Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it.

phoenix1

hero member

Activity: 798

Merit: 1000

Yup. I'm watching these triangles form and agree that they forecast some further consolidation followed by the start/continuation of the next trend
Exciting times coming Wink

zby

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Quote from: ?? on ??

EDIT: So i was thinking the other day, in a channel like the one above, if the volume is much higher at the lows then at the peaks, that would mean there is more resistance against breaking the lower support line right?

Looks like a bearish pennant.

telemaco

sr. member

Activity: 371

Merit: 250

Quote from: KillaMarci on May 07, 2013, 02:33:44 PM

Quote from: telemaco on May 07, 2013, 02:30:56 PM

Quote from: KillaMarci on May 07, 2013, 02:28:36 PM

Quote from: oda.krell on May 07, 2013, 02:11:06 PM

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.
Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

The 11th. day of May shall be known as Bitcoin Doomsday from now on.

Or maybe the, Mysterious Triangle of the Bitcoin

KillaMarci

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Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: telemaco on May 07, 2013, 02:30:56 PM

Quote from: KillaMarci on May 07, 2013, 02:28:36 PM

Quote from: oda.krell on May 07, 2013, 02:11:06 PM

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.
Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

The 11th. day of May shall be known as Bitcoin Doomsday from now on.

telemaco

sr. member

Activity: 371

Merit: 250

Quote from: KillaMarci on May 07, 2013, 02:28:36 PM

Quote from: oda.krell on May 07, 2013, 02:11:06 PM

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.

Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

That is a really scary triangle. We could go to seventh heaven or seventh he'll.

telemaco

sr. member

Activity: 371

Merit: 250

Quote from: cedivad on May 07, 2013, 02:17:29 PM

Quote from: telemaco on May 07, 2013, 02:16:31 PM

yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.

You know, i was so tired to find a point of entry that i was going all in at that very news Wink

Sorry man I took less than a minute to correct the post. I guess I was so impressed by an initial article scan that did not pay attention

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: oda.krell on May 07, 2013, 02:11:06 PM

Let's get back on topic maybe?

Like I wrote in SlipperySlope's thread, I think we're at a critical point where two trendlines are about to collide.

Any relevant movement upwards, crossing 120, is evidence that the post-bubble correction trendline is broken, or at least getting weaker. Any sharp decline, 90 or lower, would be evidence that the mid-January growth trendline is no longer valid or weakened.

No idea where we're going from here, but I believe that whatever direction it is will give us a good idea where we're going in the coming weeks.

Oh that one is absolutely beautiful. Wish I had known about this earlier...

micalith

hero member

Activity: 894

Merit: 501

Quote from: Richy_T on May 07, 2013, 02:13:26 PM

Quote from: micalith on May 07, 2013, 02:07:25 PM

when the charts are flat this forum reminds me of school just a wee bit

I haven't been watching the charts but I think they're likely not that flat. I think Gox is feeding bad data.

No, Gox is fine. I meant flatish, as in not rising or falling notably. 100-110 limbo cold war calms...

Jaques

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Activity: 112

Merit: 10

Quote from: phoenix1 on May 07, 2013, 12:30:19 PM

Get out of your losers quickly and run the winners as long as you dare IMO
Whatever your intended profit is, the stop loss should be considerably less than that.

Anyone agree with this ?

yes, as it is a standard advice for trading ...

Richy_T

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Crazy on May 07, 2013, 02:12:43 PM

Quote from: telemaco on May 07, 2013, 02:10:33 PM

Zuckerberg says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB

To FB? For what? So I can pay them to show me more useless posts from my friends?

What is the going rate for smurfberries in mBTC?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33865. (Read 26712930 times)