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

[findftp]

I'm still expecting a plunge to as low as $220, but I'm buying anyway. These prices are just too low to pass up. I just don't think there was enough volume in the bounce off of $255 for it to be a final bottom. Worst case scenario is cascading margin calls that drop us to $200. Unlikely but possible. Ironically Stamp's suspended operations has given me and I suspect others time to pad our margins.  It also halted some panicked people.

A successful retest of $255 where it holds on even higher volume means a very likely end of the bear market, but it's way too soon to call it. Best case scenario is that Coinbase went down due to overwhelming buying. I doubt that's really the case but it's possible. If people really were naked short-selling, then there will be (and possibly is) a scramble to find coins in order to cover.

The least likely scenario is we go straight up from here. If that happens, a lot of short positions will be force liquidated causing a massive spike with a major retracement. If that happens, go margin short as close to the top as you can and then cover on the retracement.

Thank you for confirming my thoughts.
Next 5 days are critical

[ParabellumLite]

Just wanted this on the current page

thank you

I had the exact same idea... you beat me to it 

If you're a shallow guy and into the fake and unnatural, than this gif is indeed the way to go. I for one will look at real women.

[inca]

Thank you for confirming my thoughts.
Next 5 days are critical

Care to repost your recent price chart with the future guessed on it?

[ChartBuddy]

Bitfinex

Explanation

[findftp]

Thank you for confirming my thoughts.
Next 5 days are critical

Care to repost your recent price chart with the future guessed on it?

Yes I have a detailed one,.. but I've only sent it to a good friend and stored it for future reference.
You can still take the first one which is pretty accurate about relative movement, but not about the price.

This picture is pretty much what happened although the chart is much more bullish than reality.
We do not go as low as the deepest spike. 240 should hold more or less.

You should rotate the picture a bit to make it realistic.
Arrow on the right is where we're at.

By request, here:
A picture I made december 17th. A lot has changed since then.

[0x3d]

Just wanted this on the current page

thank you

I had the exact same idea... you beat me to it 

http://www.reddit.com/r/KateeOwen
*NSFW

You're welcome

[findftp]

Last opportunity to go short at 290

[Tzupy]

Last opportunity to go short at 290

Maybe, but I'll wait for another 5 - 6 hours for market indicators to confirm it, even if price will be at 285$ by then.

[cbeast]

Looks like sellers on stamp will have some hard time buying back their coins 

I wonder how many dozens of posts I made warning about this?

[findftp]

In about 6 days, 6 hours and 6 minutes blood will flow through the streets.
These times gentlemen, are very critical for the future of bitcoin and any other cryptocoin.
I'm finally making some profit. That means more coins, fuck it when they become worthless shit. I can say I was there,.... and be poor and broke...

My bearish scenario also says THE bottom in 6 - 7 days, according to the speed of the latest events, but it's a moving target.
And the bearish scenario requires (for start) some dumps during the next hours.

Need to start dumping within minutes. Cannot go higher than 292. Otherwise we're (I am) fucked.
At least there is already a nice fake wall

Doesn't look like serious dumping will start within minutes, more like testing resistance at 290$ again. IMO it will take 2 - 3 hours for more consistent dumps.

You were right
What indicators do you use trade?

[inca]

stmphax coins moving

Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time.

[ChartBuddy]

Bitfinex

Explanation

[shmadz]

stmphax coins moving

Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time.

I'm not so sure. Just move the coins around a bit, wait for more peer to peer exchanges to pop up, then slowly unload.

Traditional law enforcement is simply not incentivized to put a large amount of resources into tracking down these kind of criminals. I mean, it's not like they stole from an organization that has lobbyists in Washington or anything.

[soullyG]

Anyone else experiencing deposit delays on Circle? I only put in $10 and it's been sitting there with a "pending" status for 30 minutes or so..

[inca]

stmphax coins moving

Doesn't matter where they go. Unless it is back to stamp in a deal they aren't being spent on an exchange for a looooong time.

I'm not so sure. Just move the coins around a bit, wait for distributed exchanges to pop up, then slowly unload.

Traditional law enforcement is simply not incentivized to put a large amount of resources into tracking down these kind of criminals. I mean, it's not like they stole from an organization that has lobbyists in Washington or anything.

Could be true. But in the sense that the coins are unlikely in the short term to reach an exchange I think their effect is neutral. What happens when stamp opens is interesting.

[Tzupy]

In about 6 days, 6 hours and 6 minutes blood will flow through the streets.
These times gentlemen, are very critical for the future of bitcoin and any other cryptocoin.
I'm finally making some profit. That means more coins, fuck it when they become worthless shit. I can say I was there,.... and be poor and broke...

My bearish scenario also says THE bottom in 6 - 7 days, according to the speed of the latest events, but it's a moving target.
And the bearish scenario requires (for start) some dumps during the next hours.

Need to start dumping within minutes. Cannot go higher than 292. Otherwise we're (I am) fucked.
At least there is already a nice fake wall

Doesn't look like serious dumping will start within minutes, more like testing resistance at 290$ again. IMO it will take 2 - 3 hours for more consistent dumps.

You were right
What indicators do you use trade?

That's what I'm looking at, in different time frames and intervals.

[findftp]

In about 6 days, 6 hours and 6 minutes blood will flow through the streets.
These times gentlemen, are very critical for the future of bitcoin and any other cryptocoin.
I'm finally making some profit. That means more coins, fuck it when they become worthless shit. I can say I was there,.... and be poor and broke...

My bearish scenario also says THE bottom in 6 - 7 days, according to the speed of the latest events, but it's a moving target.
And the bearish scenario requires (for start) some dumps during the next hours.

Need to start dumping within minutes. Cannot go higher than 292. Otherwise we're (I am) fucked.
At least there is already a nice fake wall

Doesn't look like serious dumping will start within minutes, more like testing resistance at 290$ again. IMO it will take 2 - 3 hours for more consistent dumps.

You were right
What indicators do you use trade?

That's what I'm looking at, in different time frames and intervals.

Thanks! bitcoincharts.com, I recently switched to them as well. I currently make use of both wisdom and bitcoincharts. I focus on DMI and RSI and for the bigger picture KDJ

[freebit13]

That's what I'm looking at, in different time frames and intervals.

Nice to see some charts resembling dinosaurs... looks like this thread is getting back on track 

[soullyG]

Bitstamp coins are on the move:

https://blockchain.info/tx/8328a2ab8d4d22f8a098c8fa5a113a4a77c708c7d2c8fd358dd0cf0633b1edad

[aclass]

lots of them are moving

https://blockchain.info/address/1L2JsXHPMYuAa9ugvHGLwkdstCPUDemNCf