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

[bnjmnkent]

The 4h chart on bitcoinwisdom is just unreal.

Why?

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[windjc]

I think we are done for the day fellows (and ladies).  I think we consolidate 255-260 on Gox and just under 250 on Stamp.

Tomorrow morning with the new wires and transfers hit the exchanges we will make new ATHs and there will be some crazy buying and selling at that resistance. Should be fun.

[hlynur]

The 4h chart on bitcoinwisdom is just unreal.

look at weekly chart
that really gets you going  

[spooderman]

A moment of silence please for our friends in the bear zone.

[hlynur]

A moment of silence please for our friends in the bear zone.

[Sitarow]

A moment of silence please for our friends in the bear zone.

More like this.

[TERA]

The Collector (of coins) strikes again.

[ChartBuddy]

[NewLiberty]

If I were following-da-money, the DDOS today is bullish short-mid term.  It looks like it was orchestrated to drive the price lower as it was coordinated with eating up the bids and preventing new bids suggesting that the initiators are looking to buy much lower.  It appears most of the DDOS activity is on that side of the order book historically as well, which makes sense sociologically.

The geeks are fleecing the wall-streeters...

It is the 5th of November after all.

[Sitarow]

I'm not a bear, you can check me out, but as soon as we hit ATH, beware of the sell off!
Just saying!

There's nothing wrong with profit taking.

Realized gains is just that.

[SheHadMANHands]

that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.

You're making pretty obvious observations.  So you're telling us all that there's likely to be selling pressure at an ATH?

Let me write that one down before I forget...

[byronbb]

Beware the bear trap!!! This market just switched gears, just as it did at $5 and $20 and so forth. Forget the previous price action, it's all irrelevant. Smarter and smarter money is moving into bitcoin and much of it will have trading experience behind it, don't lose your bitcoins chasing waterfalls.

[Sitarow]

[spooderman]

Buy and hold. Beat warren buffet. Don't get greedy. Get patient.

[hlynur]

that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.

*goxxed user not affected atm*

waiting now for more than 7 hours for a delayed coin withdrawal from gox

 


by the way wtf...that must be the ugliest bear on earth...

A moment of silence please for our friends in the bear zone.

More like this.

that pride & elegance 

[Sitarow]

that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.

You're making pretty obvious observations.  So you're telling us all that there's likely to be selling pressure at an ATH?

Let me write that one down before I forget...

If it's that obvious, then I'm sure you don't need to write them down.
You'd be surprised of the amount of people that thinks we'll reach 400 in a week...

If it does... The Next question is... Will it go higher?

Oh so much fun!

[CryptStorm]

that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.

Beware the bear trap!!! This market just switched gears, just as it did at $5 and $20 and so forth. Forget the previous price action, it's all irrelevant. Smarter and smarter money is moving into bitcoin and much of it will have trading experience behind it, don't lose your bitcoins chasing waterfalls.

Right, between the huge/MEGA cup-and-handle that is fully formed at the ATH (and the smaller that started this rally), China taking new huge orders, the ineffective FUD research article from Cornell on the Selfish Miners (which, admittedly, was probably started months ago, but, is now, ostensibly, moot), very little sell pressure, DDOS's doing little and the rise of Bitstamp as a new rallier, we are looking at a whole new game in terms of what is the new '100' or #{your_benchmark}.

tl'dr: +1

[Sitarow]

that's what I'm saying... at some point there will be a big sell off from the whales that will take their profit.
Nothing wrong with it, just a fair warning for every bull here.
Be ready to sell and rebut at cheaper prices. We all know that everything that skyrockets like this will soon come down.

*goxxed user not affected atm*

waiting now for more than 7 hours for a delayed coin withdrawal from gox

 


by the way wtf...that must be the ugliest bear on earth...

A moment of silence please for our friends in the bear zone.

More like this.

that pride & elegance 

It had been shaved.

[hlynur]

It had been shaved.

oh, i thought it's one of these new breedings like naked cats.

that bear would be the perfect pet for some russian oligarch with allergy to animal hair.

[spooderman]

1800 by Friday!

edit: wow, did stamp have $10m volume today?

edit 2:

10