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

[billyjoeallen]

Whats the price that the longs will begin to close on?
Im guessing that there are a lot of 520 longs with 2.5 on bfx and that would be force terminated around 400ish or something...

That's why I only went 2:1 long. I wanted a margin call to be below major resistance.

[1714602305]

1714602305

[1714602305]

1714602305

[podyx]

Check:

https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

He is probably buying right now

[igorr]

Check:

https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

He is probably buying right now

If you think so, then buy now, much buy.

[igorr]

Explanation

Fake wall

[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

Although I have a feeling it could be self-deprecating 

Someone gets it

@JJG, thanks for the 'sort of' compliment but I can't recall 'denigrating' or 'criticising' anyone.

Those who insist on making endless predictions may well be the target of my scorn but I attempt to make it gentle and to the point -- pricking pomposity is neither denigration nor criticism.  And as someone mentioned above humility is in short-supply around here.

You seem to have a bee in your bonnet about my comment about Gox users not returning to the market, I've explained it endlessly but if I've offended you in some way I sincerely apologise...no persoanl offense was meant and if it makes you feel better I lost a couple of coins. 

And I've done my own analysis, TA and the like but what's the point in posting an opinion contrary to what the 'group' thinks -- contrarians are instantly dismissed here, they must have a 'secret agenda' or simply 'don't understand'.  Poking fun at the constant Canute-like proclamations is pretty much all that remains.

So, I am simply a fool: "Remember, Caesar, thou art mortal."

I believe that I have made whatever point that I was attempting to make. 

Regarding ongoing and endless predictions, we are in a speculation thread.   Accordingly, I believe people can make predictions in either direction, and some predictions will be more convincing than others based on a variety of factors including evidence to support the prediction(s) and whether they line up with various presumptions that people have.  Merely b/c the group is inclined one way or another does NOT necessarily make them sheeple nor automatons - even though some of those will exist in any group.

[arepo]

the spread is unreal right now... ask side so thin that bitstamp's last hour of volume (3.5k BTC) could send the price up to $530! yet the selling pressure is sustained and the buying pressure is absent.

[boumalo]

looks like we found a bottom.

Did we? 458USD atm

We are in the region of the last low but we didn't rebound significantly yet, the trend is down and the sentiment is still panicky

EDIT 460USD

[magicmexican]

Check:

https://www.youtube.com/watch?v=HKUygyi7apQ&feature=youtu.be

He is probably buying right now

If you think so, then buy now, much buy.

Ye you did short, we get it, its going to 0$

[Spaceman_Spiff]

TERA has been suspiciously quiet.

Suspiciously? You mean he's something to do with all this?

She said she wanted to take the weekend off. I suspect those two explosions at $465 and $467 was her covering her short positions.

TERA is a woman?
Pretty big balls for an individual who isn't supposed to have any   .

[billyjoeallen]

Explanation

Fake wall

tsunami incoming!

[mmitech]

I am all in LTC in a month or so it will payout so big

[rockyram]

I don't think we gonna see a casual weekend dip when there is momentum

[arepo]

if the bottom fishers buy now, who will have fiat left when we break below $440?

[podyx]

I don't think we gonna see a casual weekend dip when there is momentum

lol what, why u posted this? ^^

[EvilPanda]

I'm holding, screw the crowd and their sheep mentality.

[Walsoraj]

https://blockchain.info/charts/hash-rate

 

[damnek]

https://blockchain.info/charts/hash-rate

 

lol, one of the many blockchain.info glitches

[N12]

blockchain.disinfo

[JayJuanGee]

2011 repeating ? will 2014 be the year of the depression ? I don't get what is happening but even if you try to explain it to me it just wont make sense...

The Chinese inspire fear, but most of all people want coins for cheap then market constantly

Seems like manipulators have been taking advantage of low volume to continue to pressure downward momentum based on what seems to be rumors, at this point.  I remain baffled as well concerning how long this downward trend will last.  The bid side  on stamp looks like a mountain and the sell side is fairly flat but still we go down in the direction of the mountain.

[adamstgBit]

https://blockchain.info/charts/hash-rate

 

Finally!