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

[massivebitman]

10k btc to 100$ i think i might sell this ammount and wait 2 weekes to windraw

Don't talk, just dump it

must transfer btc to gox first, chill dude

Tell us the exact time you're going to dump it, then dump it. Only then will I believe you.

Otherwise you're just another internet moron all talk, and no money.

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[Jaroslaw]

10k btc to 100$ i think i might sell this ammount and wait 2 weekes to windraw

Don't talk, just dump it

must transfer btc to gox first, chill dude

Tell us the exact time you're going to dump it, then dump it. Only then will I believe you.

Otherwise you're just another internet moron all talk, and no money.

You wll know when the price hit the 100$, Otherwise send me 10BTCto know exact date.

[Voodah]

10k btc to 100$ i think i might sell this ammount and wait 2 weekes to windraw

Don't talk, just dump it

must transfer btc to gox first, chill dude

Tell us the exact time you're going to dump it, then dump it. Only then will I believe you.

Otherwise you're just another internet moron all talk, and no money.

You wll know when the price hit the 100$, Otherwise send me 10BTCto know exact date.

Suave.

[Jaroslaw]

10k btc to 100$ i think i might sell this ammount and wait 2 weekes to windraw

Don't talk, just dump it

must transfer btc to gox first, chill dude

Tell us the exact time you're going to dump it, then dump it. Only then will I believe you.

Otherwise you're just another internet moron all talk, and no money.

You wll know when the price hit the 100$, Otherwise send me 10BTCto know exact date.

Suave.

Kurwa.

[Voodah]

10k btc to 100$ i think i might sell this ammount and wait 2 weekes to windraw

Don't talk, just dump it

must transfer btc to gox first, chill dude

Tell us the exact time you're going to dump it, then dump it. Only then will I believe you.

Otherwise you're just another internet moron all talk, and no money.

You wll know when the price hit the 100$, Otherwise send me 10BTCto know exact date.

Suave.

Kurwa.

He just called me a whore in polish.

Nice fella. Not shady at all..

[Its About Sharing]

Interesting, there is support at 100. You can see the spread between Gox and Bitstamp narrowing. Bitstamp doesn't want to go much below 100.

I have a feeling once we go below 100, it opens up a large drop potentially. It will be our third test in the last 3 weeks.

Next support seems to be in the low 90's, then $82 ish, then $68, then $60, $50, $20s (according to me ;-)

[ft73]

Interesting, there is support at 100. You can see the spread between Gox and Bitstamp narrowing. Bitstamp doesn't want to go much below 100.

I have a feeling once we go below 100, it opens up a large drop potentially. It will be our third test in the last 3 weeks.

Next support seems to be in the low 90's, then $82 ish, then $68, then $60, $50, $20s (according to me ;-)

It should go under 100$ before.
Not saying it won't, but for the moment i'd say we're close to the recent movement bottom.

[ChartBuddy]

[Voodah]

Interesting, there is support at 100. You can see the spread between Gox and Bitstamp narrowing. Bitstamp doesn't want to go much below 100.

I have a feeling once we go below 100, it opens up a large drop potentially. It will be our third test in the last 3 weeks.

Next support seems to be in the low 90's, then $82 ish, then $68, then $60, $50, $20s (according to me ;-)

We've been up and down 100 these last few weeks. My real fear is if we go below 90 or even your 82 ish.

Double digits could set in for a  long time.

[w00dy]

Mark Karpeles uploaded a video showing what it takes to run a service like Mt Gox: http://www.youtube.com/watch?v=8d4RtvMQp10

looool good one!

[Its About Sharing]

voodah and f73,

Yes, there is support at 100. All support has a huge psychological component but 100 is a bit key (3 digits vs 2).
Looking at how things have been lately, I just don't see it holding mid term. I have the feeling that we are in a short - mid
term bear market (really a correction from the huge up move we made but it will take time to work itself out.)

Anything can happen though - some banks collapsing, another war, stock market collapse, etc. and BTC goes on the run again.
But from a technical perspective, it is down we go imo.

[Voodah]

voodah and f73,

Yes, there is support at 100. All support has a huge psychological component but 100 is a bit key (3 digits vs 2).
Looking at how things have been lately, I just don't see it holding mid term. I have the feeling that we are in a short - mid
term bear market (really a correction from the huge up move we made but it will take time to work itself out.)

Anything can happen though - some banks collapsing, another war, stock market collapse, etc. and BTC goes on the run again.
But from a technical perspective, it is down we go imo.

Yup, it looks bleaker every day. I agree.

[Its About Sharing]

voodah and f73,

Yes, there is support at 100. All support has a huge psychological component but 100 is a bit key (3 digits vs 2).
Looking at how things have been lately, I just don't see it holding mid term. I have the feeling that we are in a short - mid
term bear market (really a correction from the huge up move we made but it will take time to work itself out.)

Anything can happen though - some banks collapsing, another war, stock market collapse, etc. and BTC goes on the run again.
But from a technical perspective, it is down we go imo.

Yup, it looks bleaker every day. I agree.

I should note, like most around here, I am a HUGE BTC Bull. But I can't say the recent trend is bullish. I even got out of my LTC position this morning as it hit my mental stop and after having more thoughts on where BTC is going and the two being too tied together, it just didn't make sense to hold LTC.

Depending on world events (and that is a huge IF), I say we are in a downward sideways channel through Summer and partly into fall or there abouts.

[ft73]

voodah and f73,

Yes, there is support at 100. All support has a huge psychological component but 100 is a bit key (3 digits vs 2).
Looking at how things have been lately, I just don't see it holding mid term. I have the feeling that we are in a short - mid
term bear market (really a correction from the huge up move we made but it will take time to work itself out.)

Anything can happen though - some banks collapsing, another war, stock market collapse, etc. and BTC goes on the run again.
But from a technical perspective, it is down we go imo.

I would not overestimate the 100$ psychological bar. There's quite some true resistance from 100$ to 80$, we've seen that.
Anything is possible. For instance i would not exclude a third (growing) low within 90$-100$ range.

EDIT: back to 105$ again. 100$-105$ may become a profitable channel.

[Miz4r]

I think since the cash out problems at Mt Gox Bitstamp immediately anticipated Gox coins coming over again to cash out and so the price went back to the latest strong support level there. I think all the movement we're seeing now is uncertainty because of these problems, the price will probably hover between 98-110 with very low volume until the two week period is over. Then depending on how the issue is resolved we'll either see a sell off to test support at 90 or we're going back to test the 115 high.

[Voodah]

I think since the cash out problems at Mt Gox Bitstamp immediately anticipated Gox coins coming over again to cash out and so the price went back to the latest strong support level there. I think all the movement we're seeing now is uncertainty because of these problems, the price will probably hover between 98-110 with very low volume until the two week period is over. Then depending on how the issue is resolved we'll either see a sell off to test support at 90 or we're going back to test the 115 high.

Let's hope it really is a "two week" period..

[ChartBuddy]

[Jaroslaw]

im thinking i will bleed out bitcoins rather than one click market order

[Its About Sharing]

I think since the cash out problems at Mt Gox Bitstamp immediately anticipated Gox coins coming over again to cash out and so the price went back to the latest strong support level there. I think all the movement we're seeing now is uncertainty because of these problems, the price will probably hover between 98-110 with very low volume until the two week period is over. Then depending on how the issue is resolved we'll either see a sell off to test support at 90 or we're going back to test the 115 high.

We've gone down from roughly $130 since the beginning of this month. To say that the recent down trend is just about the Gox issue is ignoring a larger picture. I don't deny that Gox's slip up contributed to the recent down move, but it isn't really a big deal though it adds uncertainty to the already uncertain picture. Perhaps the recent down trend and the Gox thing cumulatively are responsible, but I'd say the larger of the two is the $30 down movement.

If we break and stay below $100, I think it will be clear that this is a part of the post bubble adjustment.

IAS

[Miz4r]

I think since the cash out problems at Mt Gox Bitstamp immediately anticipated Gox coins coming over again to cash out and so the price went back to the latest strong support level there. I think all the movement we're seeing now is uncertainty because of these problems, the price will probably hover between 98-110 with very low volume until the two week period is over. Then depending on how the issue is resolved we'll either see a sell off to test support at 90 or we're going back to test the 115 high.

We've gone down from roughly $130 since the beginning of this month. To say that the recent down trend is just about the Gox issue is ignoring a larger picture. I don't deny that Gox's slip up contributed to the recent down move, but it isn't really a big deal though it adds uncertainty to the already uncertain picture. Perhaps the recent down trend and the Gox thing cumulatively are responsible, but I'd say the larger of the two is the $30 down movement.

If we break and stay below $100, I think it will be clear that this is a part of the post bubble adjustment.

IAS

I never said that the downtrend that brought us down from 130 and formed a higher low at 88 was caused by this particular Gox issue. I however don't believe in the entire bubble deflation BS going on around here, although it could become a self-fulfilling prophecy if the issues at Gox are not resolved with a positive outcome. If Gox would have had no problems with USD withdrawals and services like Dwolla would still work we would not be sitting around 100-110 right now, I am pretty sure of that.