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

[Peter R]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

[TERA2]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

[zazzbg]

[EtherCoin]

Have we hit despair or is it yet to come?

I have not seen a single media report that Bitcoin is dead.

Nouriel has been flappin' his gums lately.

https://twitter.com/Nouriel/status/960743853748883456

 Nouriel Roubini‏

As expected Bitcoin now crashes below $6000. Now the $5K handle is reached.  And the US Congressional Hearing on Crypto-Scams is still a day away.  HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run...

Isn't this the guy that keeps saying that bitcoin is dead since $100?

Eth.

[Peter R]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

I dunno.  Doesn't look like that much volume:

[somac.]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

So bearish? bullish?

[EtherCoin]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

I dunno.  Doesn't look like that much volume:

I think that he means the volume needed to keep the downwards movement has had to increase, therefore meeting more (hopefully organic) resistance.

Eth.

[HairyMaclairy]

Look at the volume. Look at it.

You cannot sum the sell volume and the buy volume.  Of course the macro red candles are huge.  

You have to look at the micro green candles after the first bounce. They die away and then the price turns down again.

By the way, I think this is a very healthy discussion that we are having. I have already modified my trading in light of your feedback to acknowledge the possibility of a large bounce. 

[FractalUniverse]

good bitcoin party hangover morning.

Got filled on my massive {relatively} buy order of 0.14BTC overnight.
+im still keeping some ammunition for new lows, in case this tethers pump continues during the week.

[Dakustaking76]

There is No buy pressure???
Why arent we going up......


Stil hodling

[JayJuanGee]

The floor is in. A certain family member just sold, the poor bastard.

Could be.  Had someone I know swallow a 50% loss and leave.  The problem of course is they aren’t coming back any time soon so where the fresh money will come from?

Fuck them.  It's called weak hand, because it appears that they failed or refused to plan for down. 

Of course, this down is a bit much, but if we buy during a pump, we have to expect that the pump could reverse.

We will see them back in about 2-5 years, perhaps, and maybe even less when they are buying when the price goes between $25k and $50k..

[rezurect007]

cex.io is down.

[TERA2]

Why does bitcoin follow stocks? Are people using stocks as margin equity for bitcoin?

[HairyMaclairy]

No they aren’t.  But there is no such thing as negatively correlated financial assets.  It’s a myth.

[Typex]

Why does bitcoin follow stocks? Are people using stocks as margin equity for bitcoin?

What happened the past 24 hours would have happened regardless of wall street.

[PaivanTreidi]

8k will be touched today. We are way overdue a bigger bounce. Not saying it will stay above it though.

[explorer]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

I dunno.  Doesn't look like that much volume:

Did you seriously just compare a 3 month chart of BTC on Bitstamp to a 1 day 12 hour chart of ? on ?

[Wolf Rainer]

Here we go down again. 

[somac.]

The good thing about this drop being so quick, compared to the 2013/14 drop, is that we will be put out of our misery quicker.

[megadeth]

Billyjoeallen could explain how the raids are taking place.