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

[Chef Ramsay]

the trolls, FUDSTERS & doom mongers were declaring sub 200 coins for ages, it doesn't look like it's going to happen now, certainly not imminently.

Walsoraj was predicting double digit coins when we were at USD1100.

All hail Wally, the oracle.

I don't even remember this prediction as I've had him on ignore for over a year it seems, before I even decided to oust lambtroll from my view. If I can't take someone seriously, off they go.

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[bassclef]

yea, of all the times to get out, now makes the most sense in the last 18 months

I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.

Should be a sure thing.

[ricmi]

Time to sell. I am not convinced by this volume.

If we go above 250 I plan to open some nice short positions.

[inca]

yea, of all the times to get out, now makes the most sense in the last 18 months

I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.

Should be a sure thing.

I would ask tarmi, but he seems to have left the building.

[adamstgBit]

yea, of all the times to get out, now makes the most sense in the last 18 months

I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.

Should be a sure thing.

just wait till price fakes 260  

[ChartBuddy]

Coin
Explanation

[Chef Ramsay]

yea, of all the times to get out, now makes the most sense in the last 18 months

Indeed. It takes a lot of sand or intestinal fortitude to weather such a long down trend and I think we're all stronger because of it, not that I preferred it to happen that way. Most ordinary people have never had to deal with such a factor especially in such a new market.

[Chef Ramsay]

yea, of all the times to get out, now makes the most sense in the last 18 months

I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.

Should be a sure thing.

I would ask tarmi, but he seems to have left the building.

If he got margin'd up, he's either ruined for good or in such a strong state of shock that he had to undergo treatment and this might speak to his absence.

[bassclef]

yea, of all the times to get out, now makes the most sense in the last 18 months

I agree. Those five high volume bottoms at $210 just seemed fake to me, as if buyers were actually buying but only to sell $5 later. For this reason I'm unloading my cold storage and putting it max leverage short on OKCoin.

Should be a sure thing.

I would ask tarmi, but he seems to have left the building.

If he got margin'd up, he's either ruined for good or in such a strong state of shock that he had to undergo treatment and this might speak to his absence.

Oh he's fine, probably all talk anyway. He'll be back soon with his BTC1 short, trying to talk the market down.

[ErisDiscordia]

EDIT:
This is actually one of few prediction charts i really believed from almost day 1 i saw it

if this was really posted at that time this turned out to be extremely accurate so far, good find.

[ricmi]

You bitcoiners wishing to other market participants the worst possible outcomes will backfire on you once we go to double digits.

[bassclef]

In seriousness, I wasn't sure about this morning's little uptrend, but it did gain some steam later on. It's good that we bounced off $243--let's see if it double tops or keeps going. People are afraid to sell with $500 paper bitcoin being thrown around and more good news rolling in.

[bassclef]

You bitcoiners wishing to other market participants the worst possible outcomes will backfire on you once we go to double digits.

And how do you suggest we get there? Dump Team Six failed to break the market below $230 and you know they were gunning for $210.

The market is not magic, there needs to be actual selling for the price to go down.

[Bagatell]

EDIT:
This is actually one of few prediction charts i really believed from almost day 1 i saw it

if this was really posted at that time this turned out to be extremely accurate so far, good find.

https://www.tradingview.com/chart/BTCUSD/8ss69KFu-Perfect-Bubble-in-the-making/

Hit the update button.

[bassclef]

Here's a better one, because human behavior is predictable.

[ssmc2]

EDIT:
This is actually one of few prediction charts i really believed from almost day 1 i saw it

if this was really posted at that time this turned out to be extremely accurate so far, good find.

https://www.tradingview.com/chart/BTCUSD/8ss69KFu-Perfect-Bubble-in-the-making/

Hit the update button.

He definitely nailed it. I would argue though that the healthy growth line should/will track the dotted line for several more months.

[ricmi]

You bitcoiners wishing to other market participants the worst possible outcomes will backfire on you once we go to double digits.

And how do you suggest we get there? Dump Team Six failed to break the market below $230 and you know they were gunning for $210.

The market is not magic, there needs to be actual selling for the price to go down.

15 mil of coins in circulation and 3600 minted every day, so not so difficult.

The only question is when. I am betting this summer: june~august.

[hdbuck]

1d stoch high as f***, expect dump after another bull fail.

[SnokkomBTC]

1d stoch high as f***, expect dump after another bull fail.

1d? high as f***? lol

[bassclef]

You bitcoiners wishing to other market participants the worst possible outcomes will backfire on you once we go to double digits.

And how do you suggest we get there? Dump Team Six failed to break the market below $230 and you know they were gunning for $210.

The market is not magic, there needs to be actual selling for the price to go down.

15 mil of coins in circulation and 3600 minted every day, so not so difficult.

The only question is when. I am betting this summer: june~august.

Once it's clear that the bear trend is all but over miners will start to hold in expectation of higher prices. They sure weren't dumping 3600 coins per day during Q4 2013.