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

[NotLambchop]

...Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

So...  The worse things look, the better they actually are?  I think I'm starting to understand.

[Blazin604]

...Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

So...  The worse things look, the better they actually are?  I think I'm starting to understand.

Exactly.

[Afrikoin]

Everything about this screams indecision! Whichever way we break, it'll be massive.

Not necessarily. I'm half expecting a revisit to $160-$170 if things get bearish. But it will be on lower volume and act as a way to clear out the few remaining bears and weak hands--however the initial crash did a pretty good job with that--and will act as a spring upwards. Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

Found this on some thread. That is the second bottom you decribe, right?

[yefi]

lol, that's great  

[heartastack]

The Alts... Will.... RISE

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Coinshot]

According to my research based on mining cost, general interest (not based on exchanges data or Google stats), shy TA divergence and a few things from my trading methodology, from this point we are going up.

Oh great...I just sold my stash...couldn't you have told me this sooner?

It's going to take 3 days for me to make a bank transfer.

Do you think it will stay at 200 until then?

It will stay here for now. You have enough time and may even get some cheaper price.

[luckygenough56]

keep throwing your chicken bones voodoo analysis, you've been wrong all year

[YourMother]

"BITCOIN TRADING BEARS CAN’T GET THE PRICE DOWN"

Holy shit! Is this the title of an article posted on a news website ? Talking about being a frustrated dumb autistic bull that bought at $1000 and is now angered by the fact that the bubble exploded like a grenade right in front of his retarded looking face.

"But mommy, i thought...i thought that..."

Shut the fuck up!

[Dump3er]

...Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

So...  The worse things look, the better they actually are?  I think I'm starting to understand.

Exactly.

But you don´t follow this rule searching for girlfriends, do you? 

[Bisha]

Even always bearish CCN analysts are now on bull side?  
https://www.cryptocoinsnews.com/bitcoin-trading-bears-cant-get-price/

If coindesk and a few others would publish articles like that we would have a bull market in 1 day. Oh I love the power of the hype

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Bitcoin_BOy$]

Bitfinex

Bitstamp

Explanation

This is a hard time for me I don't know if i should sell or keep my btc

[ronald98]

Bitfinex

Bitstamp

Explanation

This is a hard time for me I don't know if i should sell or keep my btc

Judging by the volume it looks like everyone else is thinking the same way.

[esse83]

Bitfinex

Bitstamp

Explanation

This is a hard time for me I don't know if i should sell or keep my btc

Sell, but buy back with a loss if it establishes itself above $235 (last standing support line from nov2013 bubble that was broken in this last crash). It will be a strong buy signal, but it seems we will call 1xx home for some time now. We might go much lower (I think double digits are quite likely). But do as you please. Good luck.

edit: Also the 3d chart looks terrible, absolutely nothing like we are used to see when we have a powerful recovery. Check it out.

[podyx]

Everything about this screams indecision! Whichever way we break, it'll be massive.

Not necessarily. I'm half expecting a revisit to $160-$170 if things get bearish. But it will be on lower volume and act as a way to clear out the few remaining bears and weak hands--however the initial crash did a pretty good job with that--and will act as a spring upwards. Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

Found this on some thread. That is the second bottom you decribe, right?

If we follow the 2011 pattern it seems to go perfect with my $266 sell and my $134 buy that I was planning

[esse83]

Everything about this screams indecision! Whichever way we break, it'll be massive.

Not necessarily. I'm half expecting a revisit to $160-$170 if things get bearish. But it will be on lower volume and act as a way to clear out the few remaining bears and weak hands--however the initial crash did a pretty good job with that--and will act as a spring upwards. Since the weak hands won't be there to dump into a rally, it will be stronger and more sustained. This is why large reversals follow large crashes, and vice versa.

Found this on some thread. That is the second bottom you decribe, right?

If we follow the 2011 pattern it seems to go perfect with my $266 sell and my $134 buy that I was planning

Gox was around then, meaning Karpeles. He is gone and so is gox. But perhaps? Good luck.

[Bitcoin_BOy$]

Waw you are a good analyser . Please help me to analyse the price . Tricks not cheat 

[macsga]

Gox was around then, meaning Karpeles. He is gone and so is gox. But perhaps? Good luck.

Karpeles is STILL around, but he doesn't play with his Willy...

[luckygenough56]

If we follow the 2011 pattern it seems to go perfect with my $266 sell and my $134 buy that I was planning

Seems like a very plausible scenario, 260 then drop to a new low. Or just straight to drop