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

[derpinheimer]

When was tehre a 10k dump? I dont remember that.

Biggest thing was like a single 4k sell at like $150.

[adamstgBit]

bitcoin is the only way we are going to stop the evil NWO and put in place a good NWO

everyone must buy!!!

i am drunk and high!
i wish i had more weed

i am one of you i am part of the 99%

we need only believe  we have the power and we will!!
its so silly, yet so serious we must buy more!!

how do we get the avg joe to understand what's happening???

wtv  BUY BUY BUY!!!

[ChartBuddy]

[adamstgBit]

wtf are you people wait for? Xmas!?, fuck this I'm emptying my bank account tonight.

[SheHadMANHands]

wtf are you people wait for? Xmas!?, fuck this I'm emptying my bank account tonight.

Good idea or best idea?

[adamstgBit]

do i need to paint and arrow for you???

[EvilLizardApparel]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

[justusranvier]

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

Don't Get Zhou Tonged.

[Nemesis]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

If you have to take opinions on a forum for your trading,........................................you're fcked.

[adamstgBit]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

fuck your wealth its a matter of principles at this point!

BUY BUY BUY

[adamstgBit]

http://www.youtube.com/watch?v=pYqqS7aTBVQ&list=PL3C264C70646796C4


agrrrrrr i'm so mad!!!!!!!!!!!


* opens window *


I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANYMORE!!!!!!!!!!!!

[EvilLizardApparel]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

If you have to take opinions on a forum for your trading,........................................you're fcked.

I might not be a professional or anything...but I've done well trading stocks the past few years, and since entering the crypto-market I've made over $168,000. Mostly due to LTC... At any rate, public sentiment can often be a better market indicator than any technical analysis.

Disclaimer: I am one of those assholes that lost big the day of the Blackberry announcement this year. Around $30,000, so I am not tooting my own horn. I am also one of those assholes that clicked a malicious link on BTC-e this past April and had their account cleared out. Roughly $40,000 lost.

So yes, I make stupid mistakes. Asking for opinions, and gauging public sentiment, is not one of them.

[adamstgBit]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

If you have to take opinions on a forum for your trading,........................................you're fcked.

I might not be a professional or anything...but I've done well trading stocks the past few years, and since entering the crypto-market I've made over $168,000. Mostly due to LTC... At any rate, public sentiment can often be a better market indicator than any technical analysis.

Disclaimer: I am one of those assholes that lost big the day of the Blackberry announcement this year. Around $30,000, so I am not tooting my own horn.

I am also one of those assholes that clicked a malicious on BTC-e this past April and had their account cleared out. Roughly $40,000 lost.

So yes, I make stupid mistakes. Asking for opinions, and gauging public sentiment, is not one of them.

holy shit wtf!

you lost over 70,000K trusting your money with a third party, and you're asking us what to do???

let me slap some cents into you

*slap*

[SheHadMANHands]

I think we're busting north, and I'd cut your loses... but that's just me.  If you're looking for any remote resemblance of consensus among speculators (r/BitcoinMarkets, Speculation sub-forum, etc), that's it right now.  

Doubtful it's happening tonight or tomorrow with this volume, but once it start moving it could move pretty quick.  In my amateur opinion, shorting is very risky right now.  Going long after another drop would probably be a real nice spot... if it happened.

EDIT: There's also a lot of people picking up long positions on Bitfinex the last few days.  Can't find a USD loan under ~100/200% APR right now (a month ago you could find 30 or 40% easily).  This at least says something about sentiment.

[EvilLizardApparel]

I can't decide where this is going, too little volume.

I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.

Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...

Opinions?

If you have to take opinions on a forum for your trading,........................................you're fcked.

I might not be a professional or anything...but I've done well trading stocks the past few years, and since entering the crypto-market I've made over $168,000. Mostly due to LTC... At any rate, public sentiment can often be a better market indicator than any technical analysis.

Disclaimer: I am one of those assholes that lost big the day of the Blackberry announcement this year. Around $30,000, so I am not tooting my own horn.

I am also one of those assholes that clicked a malicious on BTC-e this past April and had their account cleared out. Roughly $40,000 lost.

So yes, I make stupid mistakes. Asking for opinions, and gauging public sentiment, is not one of them.

holy shit wtf!

you lost over 70,000K trusting your money with a third party, and you're asking us what to do???

let me slap some cents into you

*slap*

The 30k loss on Blackberry was my fault. I was going to sell, but by the time I remembered it was after the market was closed. I forgot to call my broker at tdameritrade to sell after-hours, fearing the announcement could be bad. I woke up to a phonecall fom him, telling me I had 10 minutes to liquidate the position or he'd have to himself. It was already liquidated by the time I got downstairs. He actually saved me some money by doing it, it went down more from there.

The 40k loss on BTC-e was due to an arb account that didn't have 2FA enabled. And a malicious link... Ya, I know, retarded...

[ChartBuddy]

[MikeH]

advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.

[SheHadMANHands]

advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.

lol, you're probably the most honest person in this thread.

[EvilLizardApparel]

advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.

That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?

I did get a good laugh out of that though, so thanks for that atleast.

[windjc]

advice: do the opposite to me as I always sell low and buy high..  currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.

That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?

I did get a good laugh out of that though, so thanks for that atleast.

Sentiment is higher.  However, given that Asia led this rally initially, I am not sure higher will be determined by English speaking sentiment. In my opinion, although non-Asian markets seem to lead on resistance, I still think Asia could lead where this goes next.

I think there are 3 possible ways this could go:
A. Higher based on average sentiment.
B. Lower to retest the lows of the initial pullback and possibly a little lower.
C. A longer correction below that 150, that could take us down to 130, 120, 100 or lower. But that would be a long term thing, and not a short term trade, imo.