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

[RandomPedestrianN9]

Nice trades on Huobi, the whole trade window is basically 0.01 BTC sell followed by 0.01BTC buy, one after another, short time spans. Feels like everyone took a snack break in China.

[greenlion]

Nice trades on Huobi, the whole trade window is basically 0.01 BTC sell followed by 0.01BTC buy, one after another, short time spans. Feels like everyone took a snack break in China.

It's like the BTC-e trollbox has become a sentient being.

[ChartBuddy]

Explanation

[sidhujag]

So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for.  

The nature of Bitcoin - once you sell it, you can't sell it again.

After 6 months of selling, no more coins in the sellers' hands.

Volume down.

Next: UP. No other way is even possible.

When: Don't know exactly, but 650 by the end of June is a possibility. Top could be in August-September.

Maybe.. but usually No Demand is a sign of a top. I'd like to see a monthly high volume up thrust.

I tend to agree with Rpietila, here.  The markets seem to be running out of people willing to sell BTC at the current price.  A very large majority of those who wanted to sell have already sold at prices - higher than the current price point.

To suggest that there is a lack of demand based on an overall lack of volume seems to be a misreading of the current state of affairs.

If you knew the current state of affairs for the
chart of bitcoin you would be the richest and smartest man on earth. I think you lack understanding on price. Anyways like I said technically no demand is bearish.. we need that tl to break with high volume as an upthrust.

[ChartBuddy]

Explanation

[navigator]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

[UraN]

http://link.springer.com/chapter/10.1007%2F978-3-642-55220-5_1

Advances in Cryptology – EUROCRYPT 2014:

A Heuristic Quasi-Polynomial Algorithm for Discrete Logarithm in Finite Fields of Small Characteristic

[RandomPedestrianN9]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

[mmitech]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

[RandomPedestrianN9]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.

[Taxidermista]

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

There's always someone trying to save you from yourself in every fucking internet forum.

[ChartBuddy]

Explanation

[Torque]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.

Says the newb who registered on this forum just days ago? It's YOU who is on ignore.  Also Cpt. Illiterate, it's "the price may have gone up after stagnation..."

[Krabby]

Cash Money Marijuana m8ty.

[RandomPedestrianN9]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.

Says the newb who registered on this forum just days ago? It's YOU who is on ignore.  Also Cpt. Illiterate, it's "the price may have gone up after stagnation..."

Kid with stupid logic. Also on ignore.

New profile != newb.  I will take profits from shorting over having good grammar any day, bagholder.

[TooDumbForBitcoin]

Fonzie returns as a pedestrian.

[inca]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.

Says the newb who registered on this forum just days ago? It's YOU who is on ignore.  Also Cpt. Illiterate, it's "the price may have gone up after stagnation..."

Kid with stupid logic. Also on ignore.

New profile != newb.  I will take profits from shorting over having good grammar any day, bagholder.

Jeez. I am fairly sure you are a reinvented troll of the past. Anyway, /ignore.

[RandomPedestrianN9]

Im gonna need a bigger carecup.

[RandomPedestrianN9]

Cash Money Marijuana m8ty.

Does crossing this line mean it broke the growth support? Let the dumps begin.

[zimmah]

In the past, price has always went UP after any stable period.

I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.

If the price drops from here and doesn't come back up, it would be a first in bitcoin history.

In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014.

then don't waste your time here, go do something with your life instead of wasting it on a dead horse...

Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored.

Says the newb who registered on this forum just days ago? It's YOU who is on ignore.  Also Cpt. Illiterate, it's "the price may have gone up after stagnation..."

Kid with stupid logic. Also on ignore.

New profile != newb.  I will take profits from shorting over having good grammar any day, bagholder.

If you intend to ignore everyone on this forum you may as well just leave the forum, will save us all some time.

By the way, make sure you got a big bag, if you intend on using fiat for the rest of your life you'll need it. Better buy your wheelbarrow now, while you can still afford one.