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

[macsga]

I don't think that all you people should stare at the wall and not getting a nice winter walk outside. Relax. BTC is here to stay.

* macsga is hodling 

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[rpietila]

I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears

[Xiaoxiao]

I have a bad feeling about this trend, I am afraid that we will see a new low over the next couple of days

There is a strong support @ 630

It will probably fall, since other exchanges are leading lower. I doubt that the 640 bid wall in Gox wants to get eaten.

The market is clearly looking for blood, and my question is whether it will bounce back at 500 or go all the way down to new lows.

You predicted a settlement @ 666 and then a fall to 400s. What was your reasoning then?

[macsga]

Price being the same as last night is the last thing i expected. No volume at all.. Will the next big candle be red or green?

Consolidation works good (longterm wise). Ask Risto.
FWIW: I don't think we're heading for lows in the range of 3xx as he says though. But then again; I'm not a trader - only an observer.

[mmitech]

WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction  

Why wouldn't you pay a 0.0001 fee at the least??

the client never asked about paying a fee  



we should have at least 14 block the last 2 hours and half but we have only 7

[Xiaoxiao]

Tipping point about to happen seems like

[mmitech]

now this is ridiculous really, another block and still no confirmation, why developers don't add a forced fee !!! now I have to wait for hours so the F#$%"& transaction get proceeded...  

[Xiaoxiao]

Why will it take hours?  Plus it might not even go down that much or that fast. Might just settle around 550-575 until tomorrow.

[tutkarz]

I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears

are you actually trying to buy coins at these prices? Because it sounds weird to me that you would publicly post your strategy. I would expect that whales do the opposite to what they say.

[rpietila]

Is there an argument for not selling at the moment?

I try to make one:

- It is possible to construct the Elliot waves such that the 3-wave contrarian move UP has not consummated yet, rather this is its second leg down, which will be followed by yet another one up (to about $750-$780). It will go so high because many expect that the correction is then over and panic buy is the norm of the day. But then the 5-wave down will commence...  

[Xiaoxiao]

gox 640 wall being eaten FAST, gone

[rpietila]

I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears

are you actually trying to buy coins at these prices? Because it sounds weird to me that you would publicly post your strategy. I would expect that whales do the opposite to what they say.

No, sell, of course. There is not even volume enough for buying. But I sent the coins anyway, just in case it's still there when they arrive (4 conf now).

[Xiaoxiao]

Is there an argument for not selling at the moment?

I try to make one:

- It is possible to construct the Elliot waves such that the 3-wave contrarian move UP has not consummated yet, rather this is its second leg down, which will be followed by yet another one up (to about $750-$780). It will go so high because many expect that the correction is then over and panic buy is the norm of the day. But then the 5-wave down will commence...  

is this analysis based on stamp or gox?

[mmitech]

I feel bad that there is so much juicy fiat in Mt.Gox at good terms (640), but it takes 1 hour to get the coins there and it sure is gone before that clears

are you actually trying to buy coins at these prices? Because it sounds weird to me that you would publicly post your strategy. I would expect that whales do the opposite to what they say.

No, sell, of course. There is not even volume enough for buying. But I sent the coins anyway, just in case it's still there when they arrive (4 conf now).

ok my transaction finally got included, were you having the same problem ?

[jl2012]

WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction  

So you saved $0.06 and lost hundreds or thousands? 

[gandhibt]

WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction  

So you saved $0.06 and lost hundreds or thousands?  

software didnt offer the option to pay fee, he said

[granathus]

So now everyone is agreeing that SELL is the thing? Sounds like someone is being manipulated..

[wachtwoord]

WTF another Block and my transaction still not included !!!!! I didn't pay any fee thought....I missed 610 and 600 and now it is 592.... F#$% the free transaction  

So you saved $0.06 and lost hundreds or thousands?  

software didnt offer the option to pay fee, he said

Both QT and Armory do. Not sure about others but it probably just wasn't necessary according to the rules. It's always possible to manually set a fee in the settings.

[rpietila]

Is there an argument for not selling at the moment?

I try to make one:

- It is possible to construct the Elliot waves such that the 3-wave contrarian move UP has not consummated yet, rather this is its second leg down, which will be followed by yet another one up (to about $750-$780). It will go so high because many expect that the correction is then over and panic buy is the norm of the day. But then the 5-wave down will commence...  

is this analysis based on stamp or gox?

Does not really matter, since this was a tongue-in-the-cheek reply to magicmexican whether there is anything that supports not selling.

I usually use stamp for analysis, because it is bigger, and possible to withdraw.

ok my transaction finally got included, were you having the same problem ?

No, but mine was large + I paid a fee.

[gandhibt]

So now everyone is agreeing that SELL is the thing? Sounds like someone is being manipulated..

yep, i know, but i don't say anything because im a greedy bastard (except i said this)