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

[hyphymikey]

I just noticed the 1W MACD, after the last few bubbles, it would finally turn green then went back red for a week or two then once it broke green the second time the next bubble started. We have only gone green the first time since the last bubble. That may be holding back some TA strict whales. That doesn't necessarily mean it has to happen, as now I think the market participation is so big people will try to jump the gun and may keep the MACD from turning back red. All it would take is one whale to dump and make it red, but who would take the risk?

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[ShameOnYou]

Looks like everyone is still waiting for a move from China. Holding some bags from 623 BTC-E and 633 Bitfinex, nothing too heavy. Just hope we turn this around soon.

[molecular]

What stage are we at? Like I said: no market goes straight up. And if it had continued the way it was all the easy money guys, the speculators, the get-rich-quick people, those people almost never get rewarded. They jump in and out of things and they loose. There has to be a shakeout to have a healthy bull market. If it continued going, the blow-off top (the peak) would be a lot sooner and a lot lower. It's going to go far far higher because of this healthy shakeout we've got.

Mike Maloney (in a different context, but who cares?)

[ChartBuddy]

Explanation

[wachtwoord]

What stage are we at? Like I said: no market goes straight up. And if it had continued the way it was all the easy money guys, the speculators, the get-rich-quick people, those people almost never get rewarded. They jump in and out of things and they loose. There has to be a shakeout to have a healthy bull market. If it continued going, the blow-off top (the peak) would be a lot sooner and a lot lower. It's going to go far far higher because of this healthy shakeout we've got.

Mike Maloney (in a different context, but who cares?)

Didn't the tree shake enough for this already?

[hyphymikey]

Anyone in this thread know when the Winklevii can legally announce the launch date of their ETF?  I heard they cannot discuss the launch date yet, so will there be a heads up or does it just go live one day?

[ChartBuddy]

Explanation

[ShroomsKit_Disgrace]

So sad about Klee's lost 

Do we now if the theft has dumped klee's 1170btc already?

[windjc]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

[cech4204a]

I just noticed the 1W MACD, after the last few bubbles, it would finally turn green then went back red for a week or two then once it broke green the second time the next bubble started. We have only gone green the first time since the last bubble. That may be holding back some TA strict whales. That doesn't necessarily mean it has to happen, as now I think the market participation is so big people will try to jump the gun and may keep the MACD from turning back red. All it would take is one whale to dump and make it red, but who would take the risk?

I think you are right with that, and MACD is clear, it should be red now but i guess we will have to wait for one more week for that to happen.

[theonewhowaskazu]

I just noticed the 1W MACD, after the last few bubbles, it would finally turn green then went back red for a week or two then once it broke green the second time the next bubble started. We have only gone green the first time since the last bubble. That may be holding back some TA strict whales. That doesn't necessarily mean it has to happen, as now I think the market participation is so big people will try to jump the gun and may keep the MACD from turning back red. All it would take is one whale to dump and make it red, but who would take the risk?

I noticed this too. Somehow I doubt people will try and stop the MACD from switching. Why? Because nobody's reputation hinges on it. TA-loving bulls would probably love for it to switch, so it could switch back, and the bubble could be on its way. TA-loving bears can't declare a bear market until its red. Non-TA-loving people wouldn't care, and TA-lovers without any specific bull/bear bias would just trade with the indicator, no matter which direction it points.

[roslinpl]

According to our pool we haven't got much time to hit >$700

But well ... in the thread's poll there is no "$" sign so well .. we will hit >700 yuan with no problem
hehe

This seems like it will be another very flat weekend ...

[Wary]

To everyone selling:

Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.

To the whales:

Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.

Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!

[ChartBuddy]

Explanation

[wachtwoord]

To everyone selling:

Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.

To the whales:

Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.

Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!

100s of coins in NOT a whale. A whale is something like 5k BTC and up.

[600watt]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

what happened to Klee ?

[windjc]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

what happened to Klee ?

Hacker stole around $1mil in BTC and NXT from him.

[Patel]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

what happened to Klee ?

Were his funds not in cold storage?

[600watt]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

what happened to Klee ?

Hacker stole around $1mil in BTC and NXT from him.

Thx 4 info; that is terrible!
How?  No cold storage? Has he btc left?

[bitcodo]

So sad about Klee's lost  

Do we now if the theft has dumped klee's 1170btc already?

Looks like it might have been last night. Sad. He's devastated.


EDIT: Actually its not been moved:
https://blockchain.info/address/1GwNLwoCQiobJzmURSAq54vH4BYjFkwaxr

what happened to Klee ?

Were his funds not in cold storage?

I had ALL my pwds in a txt file in my iMac