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

[PoolMinor]

Wow it's going up fast what's going on?

People are buying

And fewer people are n't selling.

FTFY

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[notme]

Wow it's going up fast what's going on?

People are buying

And fewer people are n't selling.

FTFY

Thank you for your pedantic lesson on market mechanics.  Can we get back to posting rockets and trains now?

[harrymmmm]

Wow it's going up fast what's going on?

People are buying

And people aren't selling.

Actually they are, that's how the people buy in the first place.....

For price to move up, there has to be more buyers at the current price than sellers.

This isn't even the right way to state it. There's still the same number of sellers as buyers, right?

Maybe the right way to state it is to say that the buyers are willing to cross the spread to buy, while the sellers are not...

[yonton]

Are margins back on Chinese exchanges?

[notme]

[PoolMinor]

Wow it's going up fast what's going on?

People are buying

And fewer people are n't selling.

FTFY

Thank you for your pedantic lesson on market mechanics.  Can we get back to posting rockets and trains now?

[600watt]

is it december all over again? wtf?


edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.


edited 20x 

[mymenace]

top out about 1000-1050

dropping to 750-800

averaging out about the magical $888 signifying the Chinese triple fortune numerology conspiracy theory

for rocket ships and moons to start appearing

close enough

moons and rockets please

[Gillette]

I wonder if Tzupy bear is still waiting for $600? 

[mainpmf]

is it december all over again? wtf?


edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.


edited 20x 

Is that christmas again?

I love waking up seeing I'm 10% richer than when I went to sleep.
And this, my friend, is the magic of bitcoin.
All pray the yellow coin!

[GBattaglia]

the panic sellers that didn´t want to slide down in agony with their live savings a second time around after nov.2013 are now getting the FOMO. some of them may have left btc for good, but most of them were just scared. they will jump back the closer it gets to their prior sell level.

because for a bitcoiner it is painful to see a 30% drop in price. but it is much more pain to even lose some btc when it rises again , and they haven´t bought back in.

so expect more of those 5% upward jumps. fuck yeah.


edit: $870/Y6000 will be resistance for a while, tough.

edit2: it was resistance for about 3 minutes, lol

Was coming here just to say that resistance didn't resist very long. China soon to be 6200 and BTC-E pushing $880.
China isn't leading very much in this rise though which I think is a good thing. Really I was expecting the rise to resume
when and if the PBOC says their inspection of BTC-China came out all clear.

[marcus_of_augustus]

PBOC banned leveraged buying and SELLing ... time for some price discovery without deluges of fake fiat coins.

[unknown04]

is it december all over again? wtf?


edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.


edited 20x 

Is that christmas again?

I love waking up seeing I'm 10% richer than when I went to sleep.
And this, my friend, is the magic of bitcoin.
All pray the yellow coin!

Chinese New Year is coming Jan 28-29 if not mistaken. Might expect huge changes during that period.

[notme]

Payload delivered... time for this:

[dmwardjr]

What BTCUSD "COULD" have been without Mt. Gox compared to current:  

EDIT:  Possible it could have been less high of an angle.  We'll never know...  Talking about 2013 WITHOUT Mt. Gox.

[PoolMinor]

~$870 and then ↑

[toknormal]

Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post.

See also long range view here.

[JimboToronto]

Well well well. They say a watched kettle never boils.

I go out for some live music and a few cold Guinness Extra Stouts and stop in for a lungful on my way home (without my Android device), blissfully unaware of what was happening in Bitcoinland, and I come home to this.

It's about time. I can't believe it took almost a week for people to come to their senses and realize that the PBOC-rumor-induced dip of the last 2 weeks was just a silly little panic... weaklings selling their coins at an artificially low price, while wise holders laughed and accumulated.

Congratulations to all those who took advantage of an outstanding buying opportunity and my deepest condolences to those who sold.

At no point did it ever feel like a trend reversal to me. The fact that it coincided with a time when a small correction was overdue was very fortuitous. It sent the price much lower than it should have gone, creating a chance for bulls to stock up and for bears to have their first Teddy Bears' Picnic since July.

Now we seem back on track.

[Fakhoury]

Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post.

See also long range view here.

The two I deeply love, trust and enjoy their persona and TA.

Toknormal and PoolMinor.

[toknormal]

Of course the press won't report the recovery because as far as they're concerned, anything outside the white box just didn't happen.