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

[virtualfaqs]

MTGOX - Something's happening!

Some cool bot setting up 300 Buy wall at 799. Another buying slowly (and selling.)

Entertaining nonethless might reach the 24 hour high.

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[OldGeek]

Yup.  Gox, BTC-e, and Huobi show nice green candles and Stamp says 'Meh'.

[TERA]

The bots on the bid were putting on some christmas lightshow (until they got filled).

[Miz4r]

The proof is in:  My short term TA is OTL.  I'm beginning to think I could do just as well with chicken entrails mixed with some green tea leaves (Chinese of course) and limp noodles (again Chinese) spread on a ouija board.  Seeing the patterns presented by past actions is completely different from what someone else thinks they see.  Bah.

tl;dr  I'm starting to get nervous again.  Went long at 688 a while back and that may have been a mistake.

That's the first time I have ever heard someone say that they may have made a mistake while they're sitting on a 40+ dollar per bitcoin profit. If you get nervous this easily even though you're in profit land I wonder how you'd feel when your long or short position is sitting in the red? Are you sure trading is something for you?

[virtualfaqs]

Mtgox: And it's gone!  

Got to be 1 guy buying and selling to increase artificial volume.

[OldGeek]

That's the first time I have ever heard someone say that they may have made a mistake while they're sitting on a 40+ dollar per bitcoin profit. If you get nervous this easily even though you're in profit land I wonder how you'd feel when your long or short position is sitting in the red? Are you sure trading is something for you?

No, I'm not nervous about my position.  I'm OK with small gains/losses.  I'm nervous about the 'feeling', something just doesn't seem right.  I had a similar feeling after the ATH when we fell back to the 1k level.  As long as I have XBT I'm all right.

[virtualfaqs]

That's the first time I have ever heard someone say that they may have made a mistake while they're sitting on a 40+ dollar per bitcoin profit. If you get nervous this easily even though you're in profit land I wonder how you'd feel when your long or short position is sitting in the red? Are you sure trading is something for you?

No, I'm not nervous about my position.  I'm OK with small gains/losses.  I'm nervous about the 'feeling', something just doesn't seem right.  I had a similar feeling after the ATH when we fell back to the 1k level.  As long as I have XBT I'm all right.

I know the feeling. I've went only 60% one way or the other so far. Now I'm back to 50% BTC / 50% fiat. With Jan 31 coming up, I just don't want to overcommit. I only had 20% BTC when Mtgox went from 700 to 800.

[TERA]

That's the first time I have ever heard someone say that they may have made a mistake while they're sitting on a 40+ dollar per bitcoin profit. If you get nervous this easily even though you're in profit land I wonder how you'd feel when your long or short position is sitting in the red? Are you sure trading is something for you?

No, I'm not nervous about my position.  I'm OK with small gains/losses.  I'm nervous about the 'feeling', something just doesn't seem right.  I had a similar feeling after the ATH when we fell back to the 1k level.  As long as I have XBT I'm all right.

It's our beary-sense, like spidey-sense.

[Parazyd]

I love how the bears are wrong about stuff 

[virtualfaqs]

Random late night question:

Have any of you actually started a rally or crash with your order? I'm curious how that feels. 

[OldGeek]

I love how the bears are wrong about stuff 

I resolved part of the situation by selling half.  But I'm still a long-term bull.

[Davyd05]

possible bull fud on reddit says the Chinese exchanges are dropping fees/

[OldGeek]

Random late night question:

Have any of you actually started a rally or crash with your order? I'm curious how that feels. 

If you believe that some of the regulars here have deep enough pockets to accomplish that feat (I do believe that) it would be something worth seeing.

I don't have the means to do so.  Ya, I could put up a candle but it wouldn't last.

[OldGeek]

possible bull fud on reddit says the Chinese exchanges are dropping fees/

Adjusted your comment.

[ChartBuddy]

[MAbtc]

So, seriously. How does one avoid the image block?

https://i.imgur.com/ZFGqlEi.png
Lines and stuff

[Voodah]

So, seriously. How does one avoid the image block?

https://i.imgur.com/ZFGqlEi.png
Lines and stuff

If TA were an exact science, that would be pretty conclusive.

[thefunkybits]

So, seriously. How does one avoid the image block?

https://i.imgur.com/ZFGqlEi.png
Lines and stuff

If TA were an exact science, that would be pretty conclusive.

+1 lets see what happens

[Miz4r]

So, seriously. How does one avoid the image block?

https://i.imgur.com/ZFGqlEi.png
Lines and stuff

The fact that the volume is weak doesn't mean much, volume was very weak just before the rally from 200 to 400 as well and also it's holiday. And RSI and StochRSI are not very reliable indicators imo, I prefer to look at MACD which is about to crossover on both the 1d and 4h timescale. That is usually a bullish sign, and the volume might be coming very soon with it as well. But we'll see, the bearish scenario is not out of the picture just yet.

[F-bernanke]

MACD which is about to crossover on both the 1d and 4h timescale.

+1,

Would those timeframes be the most important with bitcoin?