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

[infofront]

Last post for today.

ANYONE REMEMBER THIS

It´s happenin!





PS: CHINA BANS BITCOIN!!!!!!!!

 

Wake me up when we reach "Despair".

[1714761643]

1714761643

[1714761643]

1714761643

[1714761643]

1714761643

[JayJuanGee]

There is no guarantee it will go back up again.

You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K.

Or something like that.

Finally some decent humor that does NOT seem to directly criticize or denigrate anyone specifically......    Just a general anti-bull assessment

[windjc]

How big is this hidden buy wall at 476?

[chessnut]

How big is this hidden buy wall at 476?

cant tell, because it's hidden, but so far, pretty big.

[surfer43]

  we are at a very low low

[chessnut]

will need to eat through 1.3k buy orders on huobi before we can break that bottom.

[T.Stuart]

There is no guarantee it will go back up again.

You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K.

Or something like that.

Finally some decent humor that does NOT seem to directly criticize or denigrate anyone specifically......    Just a general anti-bull assessment

Although I have a feeling it could be self-deprecating  

[EuroTrash]

How big is this hidden buy wall at 476?

cant tell, because it's hidden, but so far, pretty big.

Huobi doesn't seem to care and persists in dump mode?

[chessnut]

How big is this hidden buy wall at 476?

cant tell, because it's hidden, but so far, pretty big.

Huobi doesn't seem to care and persists in dump mode?

the bidding is being absorbed very well on Huobi, and the bidding is just a trickle. It needs to pass 1.3k buy orders before it  can really dump.

[chessnut]

How big is this hidden buy wall at 476?

cant tell, because it's hidden, but so far, pretty big.

Hidden wall has absorbed more than 400 BTC.

[JayJuanGee]

NO matter what happens with GOX investors, there will be variation with what these many investors do in the future.  Some will jump back into BTC, and others will be scared off of BTC.  Probably you recognize some of this variance in how investors will respond... but you make your statements in such a way to fail to account for such variations... which end up coming across as denigrations on a broad level... which may have some truth to it, but does NOT apply to everyone in the category.. and may NOT even apply to many in the category b/c the category or the referent has been left vague.

I think you are barking up the wrong end of the stick here.

It was Aminorex who claimed that the Gox investors would be re-entering the market and that they could be considered market-movers in response to my question of new money(@Am...sorry if this summary is clumsy but hey).  You could as easily level your accusations of 'broad brushstrokes' at Aminorex as at me.

I'm not denigrating anyone for being in Gox or investing in BTC, beetles or anything else.  I'm simply saying that when a financial scandal becomes global news the people impacted tend not to reinvest in the same market.  And many will tell their friends and family not to go near BTC. 

Sure there will be variance but the majority will at best stay on the sidelines and wait and see.  Wouldn't that be a fair comment given what we are seeing in the markets -- people are leaving.

Likely more people are coming into BTC rather than leaving... I say this b/c more and more people are finding out about BTC on a global level and in many countries, more and more channels are opening up to liquidate BTC in many countries, a large number of network innovations and developments are taking place (infrastructure).  There are a variety of factors affecting bitcoin prices besides number of people "in." 

Maybe we get a price drop to $300.. ?  I doubt it, but such a price drop is possible.. especially a flash crash of such.  Actually, I did NOT think that BTC would be this low.  Three weeks ago, I bought at $610, and I thought that BTC price was going up from there.  Then kept buying MOAR BTC several times below $610.. while kept on thinking that we were NOT going to drop lower in price. but BTC prices keep getting lower.  So far there is really no negative news about BTC and the fundamentals of BTC are still strong and solid.. so anyhow, it may take BTC a few months to get BTC price's  upward momentum back.. though many people are thinking that the upward movement in price will come sooner than that.

[KFR]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

[JayJuanGee]

There is no guarantee it will go back up again.

You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K.

Or something like that.

no, no, wrong creekbore.

see me after class.

Here Sir, I've done my lines.

CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!
CCMF, BTC will go to da moon! CCMF, BTC will go to da moon! CCMF, BTC will go to da moon!

x exp(x+y)

Good job!!!!!!!  That's the spirit!!!!    You left out BUY, BUY, BUY.... and HODL, HODL, HODL... but that's o.k. .. you are in a better mindframe now.  May have even made you feel better, no?

[JayJuanGee]

A weekend dip to 480 by Saturday night, not even seriously testing $466 resistance. We are on the way back up. An official denial of the rumor by the PBoC (should that happen) should take us to $540 in the short run, close to $600 eventually provided no new disasters surface.  

I estimate this China ban is 90% priced in since rumors started four months ago, so even if it turns out to be true, the down side is much smaller than the potential upside if again it proves to be false. This is a good time to buy a small amount, IMHO.

Probability the story is fake or just plain wrong I estimate to be 51%, based on no confirmations yet by anybody, despite a market plunge and four days of looking.

Once again, I was too early. We were all expecting this test of support, so my gut was right and my second guess was wrong. There may even be a test of $400 support if $466 doesn't hold.

Now we get to see who's smarter than me and waited to buy.

So my finger has been on the buy trigger for about the last hour and a half while the price has been floating between $470 and 480.. but the price seems to be inching downward.. ... I am remaining a bit anxious and usually I can relax a bit.. once I have bought.. but according to you... maybe buy at $467 and then maybe again at $402.. if it gets there...

I don't know shit but my feeling says we're going down WAY more. Simply because there is no reason to stop going down. Whales push us down, sheep panic sell, bears cry about cheap coins. Whatever the price is it must always go lower because lower is cheaper.

I would NOT follow your prediction.. b/c you are pretty much always saying the same thing with NO context, little substance, and NOT very convincing... BTC doom and gloom over and over.. I would think that most of the people willing to follow what you are suggesting, would be out by now.. maybe would have left around $550...  HOW about you.. do you have any BTC?  Why don't you respond?

[fotosonics]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

https://www.youtube.com/watch?v=gvKBHCBBdf0


Can we get a confirmation? I'm gonna count to 10...

[BBmodBB]

There is no guarantee it will go back up again.

You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K.

Or something like that.

+1 ^that will bee EPIC!! =) haha

[arepo]

and creekbore, we all notice you dont post your trades. scared?

you can stop being 'lazy cynical and insolent now'.

and seriously, look back into the trades Ive posted. Ive made only winning trades in the last 3 days. NOT A SINGLE LOSER.

Well, you're contradicting yourself now (yesterday you told me you'd made at least one loss).

But why come on here and brag about your trades?  It makes little sense other than reveal vanity and insecurity (is it really that important that a bunch of strangers need to think highly of you?).

I doubt anyone notices that I don't post my trades (I suggest most people would care less)...but if you want to post a running commentary on your personal financial exploits, why get so touchy if someone questions the veracity of your claims.

oh one loser im sorry, have I failed in life?

this is a speculation discussion forum, we come here to articulate ourselves and discuss. numers and positions are highly relevant.

and you are just a troll, you sit in the corner until you find someone you think you could size up to. and maybe that lasts you a day of contention, being an insolent lazy cynical asshole.

go find the post where I told you that so everyone will believe you and love you. at least that will keep your mouth shut for another week, cos it doesnt exist you lunatic.

Well, there's the contradiction above plus the dick-waving you were doing yesterday about your EW chart.

You do claim to be 'right' a lot of the time...which makes a fool like me highly suspicious

If you've been around so long you'll remember (name redacted to avoid embarrassment) 'Reversal' thread (which has been deleted it seems)....that was full of very confident, highly intellectualised posts, lots of fancy graphs with lines and buckets.  It was pretty much wrong at every turn, yet every time people  would (with great agility) change their position and carry one posting new, concrete PoVs.  

And if you think I'm giving you a hard time you should have seen the stick they got.

Me, all I know is that I know little.

enough of your stupid riddles.

all you know is little, agreed.

no contradictions up there, the break out stalled and the chart is still valid fool.

this morning I sold at 495 and bought at 483.

it's easy to try bring down peoples reputations when you haven't got one isnt it?

why would you lash out like this? from the sound of it, you'd think a little bit of humility would kill the man

[JayJuanGee]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

[chessnut]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

well thats what Ive been saying, the bulls have the upper edge to any scenario.

this could take a real hike if it is true.

[surfer43]

Bitstamp seeing tons of buy support.