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

[MicroFi]

Europe wakes up over the next couple of hours. Wonder what the reaction will be?

Woke up at exactly the right time to buy in some more.
I'm sure we hit the bottom and will only go up from now.

You Sir are part of the P2P - voluntary Bitcoin Central Bank managers. I only wish my fiat had shown up in time.

Localbitcoins ...

[1714721055]

1714721055

[bitboyben]

Those who are about to sell, we salute you!

[ChartBuddy]

[accord01]

Recovery.  This seems like a false attempt to cause panic selling.  It happened in middle of weekend when everywhere people are out of money and bought their btc's over the week.

[pera]

Maybe I'm crazy but I'm expecting something like this:

This made me laugh.  

I don't know why, until now it's 100% accurate

[CoinDox]

Maybe I'm crazy but I'm expecting something like this:

This made me laugh.  

I don't know why, until now it's 100% accurate

Personally, I think this will hold, this is classic re-distribution VSA http://imgur.com/0km9Q0r

[gizmoh]

I don't know why, until now it's 100% accurate

Tell me when did you sold out? 200 ish i read. And now you pretend to be the guru of price prediction!

[bnjmnkent]

Maybe I'm crazy but I'm expecting something like this:

This made me laugh.  

I don't know why, until now it's 100% accurate

Isn't this obvious? The longer MA is trailing the shorter one

[pera]

I don't know why, until now it's 100% accurate

Tell me when did you sold out? 200 ish i read. And now you pretend to be the guru of price prediction!

some pages ago i said it: 350  

[zuckerant]

Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.

You are right.

When I woke up the big (usual weekend) crash was already over and it was 3:00 am. Made very little profit on a flashcrash but still a good learning opportunity. Looking forward to the responses (up or down?).

[BitAddict]

Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.

You are right.

When I woke up the big (usual weekend) crash was already over and it was 3:00 am. Made very little profit on a flashcrash but still a good learning opportunity. Looking forward to the responses (up or down?).

I think Europe is going to wake up and buy, lot of people waiting for this opportunity.

[derpinheimer]

Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.

You are right.

When I woke up the big (usual weekend) crash was already over and it was 3:00 am. Made very little profit on a flashcrash but still a good learning opportunity. Looking forward to the responses (up or down?).

I think Europe is going to wake up and buy, lot of people waiting for this opportunity.

I dont think so, with a rise so quick, its only a few hours of people who were queued up waiting for a better entry point. The rest market order or bid.

[mmitech]

what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.

do you think it will crush further ?

[adamstgBit]

what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.

do you think it will crush further ?

classic bear trap, everyone here feel for it.

no this is pretty much bottom, try and catch the last few panic sellers.

[Rannasha]

Tomorrow the banks decide that their automated electronic wiring systems have had enough rest over the weekend and will start to move fiat around again, new fiat will hit exchanges and folks will get cheaper entry-points.

Unless a crash happens on a weekday, I'm not convinced.

[seanneko]

Tomorrow the banks decide that their automated electronic wiring systems have had enough rest over the weekend and will start to move fiat around again, new fiat will hit exchanges and folks will get cheaper entry-points.

Unless a crash happens on a weekday, I'm not convinced.

I agree. That's the only thing which has stopped me buying during these corrections today. I've been desperate to buy every time it hits $280. Stupid banking system.

[ChartBuddy]

[windjc]

what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.

do you think it will crush further ?

classic bear trap, everyone here feel for it.

no this is pretty much bottom, try and catch the last few panic sellers.

We keep making lower lows. Plus, no fresh money is going to hit any exchanges for at least 24 hours.

This is short term bearish.

There are 3 ways this could go.

We could keep making lower lows for the next day or so.

We could see a bull trap rise before we capitulate this down swing.

Or we could recover.

But right now there is only a 33% of a recovery short term.  I'm calling bearish for the next week or two.

However, this "BUBBLE" wasn't nearly the magnitude of April. And it won't crash with the same force of April. That is a good thing and long term bullish.

[mmitech]

Bitstamp is still crashing, it is sunday so it is still early for Europeans to wake up, we are a bit lazy and we like to sleep longer on Sundays, I just got lucky because I am in duty and they called me and woke me up, I might just catch a sweet spot

[zuckerant]

I agree. The bidwall (edit: not askwall, bidwall) on bitstamp is slowly moving down. I buy back in small increments so I won't lose out on an upturn. The ongoing crashing isn't that convincing for buying.