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

[adamstgBit]

Feels pretty bearish. Lower low incoming, it seems:

that data assumes the last candle is complete , the day just started.

but it dose feel rather bearish, we might drop another 100 or 200$ before going to 10K  lol!

I honestly believe the big money wants everyone to sell here.

DON'T DO IT!

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[tHash]

Feels pretty bearish. Lower low incoming, it seems:

How does the fact that we had a higher low fit into your bearish sentiment?

I still see a possibility we are in a closing triangle with a 6 day frequency, so we could go down for two more days yet before bouncing from a higher(than $576) low.

[Davyd05]

Missed you guys, I can't wait till the bears comprehend that there could be a eurozone bail in. That should create a real bubble if anything

[OldGeek]

Missed you guys, I can't wait till the bears comprehend that there could be a eurozone bail in. That should create a real bubble if anything

They should be waking up about now in the EU.  If they peek at BTC-e they might just jump in.

China is still bearish and who knows what's up with gox.  Stamp and BTC-e have been more or less on the same trend.

[DaRude]

did bitcoincharts.com pull btc-e from their list of USD markets?!?!

[ChartBuddy]

[OldGeek]

did bitcoincharts.com pull btc-e from their list of USD markets?!?!

It's working fine for me.

[solex]

MtGox really sliding down the ranks:

exchange     volume %   volume ฿       last price
bitstamp   35.9%   29710.3   865.4 USD
btce          29.8%   24640.5   848.0 USD
mtgox       24.8%   20525.1   902.5 USD

https://bitcoinaverage.com/#USD|nomillibit

[OldGeek]

MtGox really sliding down the ranks:

Serves them right.  They got the last ounce of blood from me.

[iarsenaux]

any bad news today? price in btcchina dropping again..

[OldGeek]

Don't know of any bad news.  Perhaps it is as some have implied; the news earlier is taking a while to fit the digestion.

[iarsenaux]

Don't know of any bad news.  Perhaps it is as some have implied; the news earlier is taking a while to fit the digestion.

any good news today? I'm not yet updated.

[beetcoin]

MtGox really sliding down the ranks:

exchange     volume %   volume ฿       last price
bitstamp   35.9%   29710.3   865.4 USD
btce          29.8%   24640.5   848.0 USD
mtgox       24.8%   20525.1   902.5 USD

https://bitcoinaverage.com/#USD|nomillibit

score.. they are trailing behind bitstamp by about 9 million. i love when this happens, as the onus is on them to improve their system.

[Davyd05]

Missed you guys, I can't wait till the bears comprehend that there could be a eurozone bail in. That should create a real bubble if anything

They should be waking up about now in the EU.  If they peek at BTC-e they might just jump in.

China is still bearish and who knows what's up with gox.  Stamp and BTC-e have been more or less on the same trend.

Next Wed will probably have a more concrete outlook on the whole euro zone issues. The coins could be relatively cheap compared to a panic to protect savings

[OldGeek]

any good news today? I'm not yet updated.

You mean besides the usual MtSux screw up?  And, this forum going offline?  Yeah.  See the above postings about the possibility of placing BTC in an IRA.  

@Davy:  I agree.

[ChartBuddy]

[seleme]

That non-existing volume 

[MAbtc]

Feels pretty bearish. Lower low incoming, it seems:

How does the fact that we had a higher low fit into your bearish sentiment?

This leg isn't complete. I don't think it means anything unless the next leg is up, and convincingly. Buy pressure has been looking exhausted. Looking at volume, MFI and RSI give me very little hope that a rally can sustain. Some whales could try to prop up the price, but given the weakness behind the bounce from Friday, I think they know they risk being run over.

Considering how the other exchanges followed China on the last drop, it's probably worthy to note that BTCChina's chart is more bearish than Gox.

I'm not saying that a new uptrend is impossible. But previous trend was very much broken -- look at MACD, or the 2 lower highs/2 lower lows.

But, shrug. I dunno. If this level holds, or we see a nice bounce on volume at 5050 CNY or $850, could just stave off the bears...  

Having cold storage and knowing that I made bundles of money the past month will console me if the market moves against me.  

[OldGeek]

Yeah.  China had a pretty robust run up to about 6100 so this retrace to about half of the increase is likely to be profit taking.  Still, that exchange seems really bearish to me.

[beetcoin]

has anyone realized how lopsided btc china is? when is there going to be competition there? that exchange by itself, when it's daytime there and night here, is bigger than every other exchanged combined.. that's nuts.