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

850 would be the top in this hypothetical double-top, yes?

more like 839 but 806 is also acceptable

doesn't have to perfectly line up with the previous top

I am all in at 800.

The top is a long way off...

well that's a ballsy move.

In the immediate short term, just looking at the 21/10 EMA crossover there was a buy signal in the last 24 hours. It could touch 400-500 again, but we're probably in some sort of rally at the moment: http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

good time to go all in i guess

I didn't say it was a good time to go all in. If anything, I was just providing counter-evidence to the double-top mention. No one knows what is going to go on.

Those crossovers have been proven to lose money over at Goombo's post. Too many people using those exact numbers.

Be careful if you rely on them too heavily.