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

[vleroybrown]

How long before we get to 300s..  Its my opinion that we will find a floor there, but I was shocked the price held up as well as it did despite MtGox.

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[fonzie]

In the meanwhile on Coindesk:

Will a $10,000 Bitcoin Help or Hurt Transactions?

 

[TERA]

looks like the bottom is in at huobi

Wrong. Look at the volume. It has decreased significantly on this wave down from the last wave down. That is very bearish. It is no longer up to Huobi to find the bottom. It is up to Bitstamp. I predict that the final bottom will be on a day when Bitstamp has over 200,000BTC of volume.

[derpinheimer]

puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines

You shorted at $474? Are you fckin nuts?

[Davyd05]

How long before we get to 300s..  Its my opinion that we will find a floor there, but I was shocked the price held up as well as it did despite MtGox.

Have you looked at a chart.. you know the bottoms.. its 380 way back on the last oh my god they (china) might ban bitcoin time frame.. the oh shit gox is really goxxing it went to 401 .. so if you think 481 isn't the current bottom please explain why?

[fonzie]

looks like the bottom is in at huobi

Wrong. Look at the volume. It has decreased significantly on this wave down from the last wave down. That is very bearish. It is no longer up to Huobi to find the bottom. It is up to Bitstamp. I predict that the final bottom will be on a day when Bitstamp has over 200,000BTC of volume.

TERA did you short this crash? I´m just curious

[kurious]

This is what goes passes for capitulation for me. I'm out of fiat. out of leverage. Might lose everything in a margin call. Pawn shops are closed and I just bet the mortgage money. I'm just a spectator now. Good luck, Gentleman. I did everything I could.

If it is serious - good luck.  Really, Billjoeallen.

I am $100 + under average buy now - so, I am buying a few in for fiat to lower the average - but not with much relish.

If it goes a whole lot lower then I will be looking back at a hell of a lot of time in Bitcoinland with only an increasing loss to show - and it will look like a long way up again.

Time for a rethink about how I spend my precious time, perhaps!

[fabrizziop]

puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines

You shorted at $474? Are you fckin nuts?

He's smarter than everyone here      

[aminorex]

new exchange opening in vietnam

[TERA]

looks like the bottom is in at huobi

Wrong. Look at the volume. It has decreased significantly on this wave down from the last wave down. That is very bearish. It is no longer up to Huobi to find the bottom. It is up to Bitstamp. I predict that the final bottom will be on a day when Bitstamp has over 200,000BTC of volume.

TERA did you short this crash?

I am already sold from $630 still and never bought back. I thought about shorting, but didn't .  I'm still 20% BTC and 80% fiat, which up until now has been my the max bearish position I would allow.  Yesterday for the first time I considered actually going short so that I was -(20)% BTC but I pussied out and everything happened too fast with the news.

[Taras]

I'm not selling!
I'm never selling!
Not until the banks learn that we want our freedom back!
Guess the bottom, even with 100% accuracy, and I will HODL!!!!!!!!!!!!!!!

[fonzie]

Could you all please provide an epic bulltrap to 520-550$?

Thanks

[MAbtc]

Could you all please provide an epic bulltrap to 520-550$?

Thanks

Yeah pretty oversold and strong support in 465-480 zone. I'd be surprised if we don't see a test of 518 level. My channel top is at 570 -- don't see that happening.

[JayJuanGee]

guys stop freaking china news is completely fake.

The poll is NOW outdated.  I actually predicted that we would NOT get under $500 - except maybe a flash crash... and maybe this will NOT last for long - however, it seems that we have been trading below $500 for more than 1.5 hours... so must be official that the "yeses" won this particular poll.

[TeeBone]

puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines

You shorted at $474? Are you fckin nuts?

Same was said to those who shorted at 1000, 800 and 600. 10K by spring yadda yadda. No one should be listening to bulltards right now.

[fonzie]

looks like the bottom is in at huobi

Wrong. Look at the volume. It has decreased significantly on this wave down from the last wave down. That is very bearish. It is no longer up to Huobi to find the bottom. It is up to Bitstamp. I predict that the final bottom will be on a day when Bitstamp has over 200,000BTC of volume.

TERA did you short this crash?

I am already sold from $630 still and never bought back. I thought about shorting, but didn't .  I'm still 20% BTC and 80% fiat, which up until now has been my the max bearish position I would allow.  Yesterday for the first time I considered actually going short so that I was -(20)% BTC but I pussied out and everything happened too fast with the news.

  OK. Thanks, i´m always interested in other peoples trading behavior.

Where and when do you expect the bottom? Roughly

[adamstgBit]

new exchange opening in vietnam

anyone want some vietnamese fiat?

 

[Davyd05]

looks like the bottom is in at huobi

Wrong. Look at the volume. It has decreased significantly on this wave down from the last wave down. That is very bearish. It is no longer up to Huobi to find the bottom. It is up to Bitstamp. I predict that the final bottom will be on a day when Bitstamp has over 200,000BTC of volume.

so 137k took us to $380 .. and you think 200k is going to hit the market to help us hit a bottom. Despite almost all of the news being a bunch of shit and the fundamentals of bitcoin are moving forward and at new speeds... sometimes I wonder if you have a bi-polar bear bull disorder.

IMO you are under playing how skiddish the market has become after gox.. they wanted to believe it was all lies that the coins we're missing. Now no1 wants to hodl through China fud and we have big sheep sales.

They almost had a domestic bank run due to one or two people getting turned away from withdrawals of 10,000+ usd ( in yuan ), this is with out tweets.. just word of mouth IIRC.

edit: In conclusion.. low volume + china murmurs = a reason to sell just in case.. which in reality is the reason we see so many flash crashes.. people being greedy and selling to buy back in lower on the rebound.

[fcmatt]

Could you all please provide an epic bulltrap to 520-550$?

Thanks

Wont happen until they get their next paycheck plus deposit time...
Or their parents give them their allowance.

[TERA]

puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines

You shorted at $474? Are you fckin nuts?

Same was said to those who shorted at 1000, 800 and 600. 10K by spring yadda yadda. No one should be listening to bulltards right now.

The point is that you don't sell DURING the crash, when a bounce could happen at any time. You sell BEFORE the crash right after a bulltrap when there is low volume and everything is fizzling out and all the indicators are going down.