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

[ChartBuddy]

Explanation

[halinyo]

Bitcoin will crash down and make a new all time recent low.

I have said "$254 and $233" are the two bouncing points, in DGB thread and now $257 (Ref: CMC) we have seen and bounced back from then... Now time for $233....
But it does not really look good to me... Lets see... but staying in BTC is a bit too risky, best to stay in Dollars or any other altcoin you believe in.

I have chosen mine, DigiByte is one of the safer coins at this very moment. Good Luck peeps.

HAHAHAHAHAHAHA.
Good one.
Made me LMAO. Especially the alt nonsense.

I did laugh too initially however digibyte is a catchy name I must admit.

Please check it out, new developments are on its way, 10th of the Jan is the anniversary of DigiByte!

[adaseb]

Wow. Finally some action. Covered some of my short already.

I feel bad for anyone that is holding long positions.

[halinyo]

prepare you for the incoming monster pump!!!!!!!!!!!!!!!

Melchett: 'If nothing else works, a total pig-headed unwillingness to look facts in the face will see us through.'

It is a monster dump

[adaseb]

A bit of downward pressure over the next 5 hours...expect it to hold strong at 250. Fresh fiat to hit exchage tomorrow morning and the bounce shall begin for the year!!!!

The next support actually appears to be the $260ish level. The price on bitfinex has hugged that somewhat but we haven't seen any major downward movement below it that has been sustained for more then ~an hour. It will be interesting to see how many people end up having to liquidate their margin long positions that will cause the price to decline

If you look closely this support area already broke. I don't think it will bounce from here. IT was here 4 months ago.

[Specular]

This 255ish area SHOULD be a major battle ground. If we have a daily or weekly close well below that area (the previous ATH), this would be a pretty significant break of a major support IMO.

So far we have peeked underneath, but the question is whether we will see a clean and decisive break.

[chopstick]

[thefunkybits]

This 255ish area SHOULD be a major battle ground. If we have a daily or weekly close well below that area (the previous ATH),

The daily and weekly both closed below this level...

[kenji]

soon 

[Gyrsur]

This 255ish area SHOULD be a major battle ground. If we have a daily or weekly close well below that area (the previous ATH),

The daily and weekly both closed below this level...

which timezone?

BS! look at Bitstamp UTC

[Specular]

This 255ish area SHOULD be a major battle ground. If we have a daily or weekly close well below that area (the previous ATH),

The daily and weekly both closed below this level...

I see wicks peeking under that level. I need to see a solid red candle close well under 255.

[prophetx]

soon 

yea right.... the days of easy money are over (unless you are shorting, but even that will end soon)

[kenji]

bitcoin will pumped so hard 

see you at $350 

[BlindMayorBitcorn]

soon 

yea right.... the days of easy money are over (unless you are shorting, but even that will end soon)

Dude. I think Kenji is cool. Tell him about the money button

[chopstick]

bitcoin will pumped so hard 

see you at $350 

35k per coin by end of 2016

[Specular]

OKcoin and Bitfinex have some volume coming in...

[maranello1561]

Difficulty at 340ph   already at the upper end of my prediction 3 days ago.

Lots of new Antminer S5s on the network, mainly in Bitmains data centers. But if the price continues this way I think difficulty will start stagnating again. Not to mention the possible delay or mothballing of new 14nm/16nm finfet machines. People have bills to pay, networked super computers can't live on just love and good intentions.

Discusfish is the biggest pool now.

I would think at least 10000-15000 s5 came on board and then spondoolies cranking it up too

Oh great, so we were dissing btcguild first and then ghash.io for becoming too big but chinese commies taking over bitcoin is all well and swell huh. What hypocrisy!

[maranello1561]

The next 24 hours will determine the future of crypto currency for the next decade.

Real talk bro. Someone with there head working thank god

Is that sarcasm or u really believe in God?

We only believe in Satoshi and we have failed Him because of our greed and malice. For He did say:

"For the love of the Bitcoin is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs."

Book of Satoshi: 6:24

[maranello1561]

Can I panic yet? someone hold my hand.

I'll hodl you! Come here to papa bear

[TeeBone]

Gawd, how can you not short these juicy little bounces. It's like taking candy from a baby.