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

[adamstgBit]

>dump doesn't break daily low.

BOOoOooOring...

You serious?
All support lines have been broken and it's weekend.

isn't it friday?

are there no more support lines

we are official fucked if there are no more support lines

[1714981982]

1714981982

[1714981982]

1714981982

[1714981982]

1714981982

[ChartBuddy]

Explanation

[ShroomsKit]

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014

http://www.coindesk.com/56-of-bitcoiners-believe-bitcoin-will-reach-10000-in-2014/

And it feels like 90% of them are dumping.

[N12]

There's been a lack of actual technical analysis on this forum. There are indeed some technical bullish arguments, the most important of which I listed right as it happened: Volume. I don't post much chart analysis anymore since I stopped using SierraChart, but here it goes:

[N12]

And here's another way to think about it: People were ready to buy 30k @300, and even more below. Don't you think that's a likely support level?

[inca]

Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.

[JayJuanGee]

Looking to buy again next day or two. 3day MACD kept barely negative by the obvious selling yesterday. This weekend could be exciting. We may dip lower, or instead take out 4xx again and stairstep higher. If we go below 350 for any length of time I will just buy immediately. At this stage I am assuming we have bottomed at 275, with some pretty monumental support visible there. I suspect we have a few weeks at most before surging higher on high volume, leaving bears scratching their heads and remembering that little heard word on here, fundamentals.

"We are about to go up" Inca - every day.

Are you and pork chop the troll double act?

+1... "the toll double act"... he hehehe... 

I believe a lot of us are in similar thinking as Inca, but maybe he made some statements in the past that "the troll double act" latch upon..... like two Doberman birds....

Surely the price is going to go up past $400 and beyond, and it is going to go up at any minute.. which may NOT be until next week or later...

I recall when BTC prices went below $500..... I made a statement such as "we are going to be below $500 for 4 hours at most,"  and we have NOT returned above $500 ever since.... and I say to that, so fucking what?  I also say to that we should NOT be below $500 and there is NO reason to be below $500 and we are gonna get back there sooner than later because BTC price is way below BTC value.

TL;DR.... BTC prices are gonna go up above $400 and $500 and beyond... just a question of when..... Shroomster and porkster: "the toll double act"... he hehehe... 



 

[N12]

Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.

Way later IMO, I think there will be denial unless we break 680.

Also, a good technical picture doesn't guarantee anything, it just gives good chances that any downturn will likely not be severe. I actually wouldn't be surprised if we saw a longer period of sideways/fakeouts.

[fonzie]

Take this as a clear warning sign sellers or you are most likely going to be sacrificed.

[inca]

Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.

Way later IMO, I think there will be denial unless we break 680.

Also, a good technical picture doesn't guarantee anything, it just gives good chances that any downturn will likely not be severe. I actually wouldn't be surprised if we saw a longer period of sideways/fakeouts.

Very possibly. Unless something unexpected spurs things on sooner.

Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.

[NotLambchop]

...
Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.

Banking on newcomers to prop up the price. 

[ShroomsKit]

Yes blitz. But some on here won't see any bull scenario until we are well up into the high 4xx's.

Way later IMO, I think there will be denial unless we break 680.

Also, a good technical picture doesn't guarantee anything, it just gives good chances that any downturn will likely not be severe. I actually wouldn't be surprised if we saw a longer period of sideways/fakeouts.

Very possibly. Unless something unexpected spurs things on sooner.

Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.

Every newcomer quickly leaves after he realize every buy he makes gets dumped on.

[inca]

Every newcomer quickly leaves after he realize every buy he makes gets dumped on.

Evidence? You talk about dumping more than a colorectal surgeon.

[N12]

Please don't engage the Shroomsy troll, he's just butthurt because his unrealistic expectations have been disappointed again and again, and now he's turned a cynical fool, more of a crybaby actually.

The only way for the price to move upwards that could get him to STFU is if it would be a flawless linear rise. No dips, no corrections, no red bars, only a steady increase.

[noobtrader]

bla bla bla bla bla

Evidence? You talk about dumping more than a colorectal surgeon.

i think it was his personal experience...

[noobtrader]

...
Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.

blablablabla

stock market is a pyramid scheme

[derpinheimer]

There's been a lack of actual technical analysis on this forum. There are indeed some technical bullish arguments, the most important of which I listed right as it happened: Volume. I don't post much chart analysis anymore since I stopped using SierraChart, but here it goes:

Keep posting that chart. The 38k single entity sell completely destroys any chance of TA on that day, meaning apparent volume spikes, and apparent reversal, are not real in a traditional sense... Aka are meaningless.

[JayJuanGee]

Please don't engage the Shroomsy troll, he's just butthurt because his unrealistic expectations have been disappointed again and again, and now he's turned a cynical fool, more of a crybaby actually.

The only way for the price to move upwards that could get him to STFU is if it would be a flawless linear rise. No dips, no corrections, no red bars, only a steady increase.

Agreed that we are NOT gonna get the upward trajectory within the expectations of the Shroomster.


On another note, the stock market seems to be on an upward trajectory rebound for the last two days... maybe temporary, who knows, because it remains overall down for the week and the month and there seems to be quite a bit of negative news (based largely on irresponsibility) in the various stock markets and fiat systems around the world.

[N12]

Keep posting? I've only posted it once, and I don't intend to do it again.

How did the 30k guy "destroy TA" when his entire asks were bought up, by MULTIPLE ENTITIES (=organic)? It's the complete opposite, he invigorated this market.

[NotLambchop]

...
Buying at 70% below the previous ATH seems a good place to accumulate. Newcomers will likely think so too.

blablablabla

stock market is a pyramid scheme

No reason to get upset, my aptly-named friend.  How 'bout you tell me how much coin you're holding, so I can put some numbers to teh lel?