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

[bassclef]

Careful guys. Bear trap. Look@ volume.

[ParabellumLite]

...There are no absolutes.

^except that.  Btw, dat price

Yep, sometimes exceptions have to be made. It's same about being tolerant towards intolerant people: you simply can't .

[Dilla]

This dump is currently about even from the 260s as the last pump in the 300s. Could be a bear trap.

[ParabellumLite]

Relevant question: if the price were to go below 1400 CNY, which it won't as it seems like, would that trigger another round of stop losses? I wonder.

[luckygenough56]

According to the poll, people don't expect sub 200 coins in February. For me, that's a good indicator that it will happen. Always stick to what the majority of the people in this topic say, and do the exact opposite as that will actually take place.

That would be more than $30 in roughly 40 hours or so. That would be quite a drop.

But it doesn't seem impossible.

They have to dump a lot more coins to push us below 200.

This price action is disappointing.  Let's see if we are in mega bear trap territory or not.

Oh and to the trolls saying I told you so, did you predict the price would be 315 last week? Of course not. In the same way you have no idea where we will next week. Useful idiots are still idiots.

just sayin that bitcoin is a gigantic manipulated ponzi. I don't care if it bounces to 300 because coinbase puts a countdown with a rocket/moon on it. Just show how bitcoin is a joke and will go to 0 at some point. Credibility ded.

[DanielT]

Relevant question: if the price were to go below 1400 CNY, which it won't as it seems like, would that trigger another round of stop losses? I wonder.

The panic threshold looks like more 1000- CNY.

[Kupsi]

Buy pressure is building up at Coinbase 

[StoraGottes]

Anyone else getting dollars credited into bank accounts after a Coinbase sale dramatically more quickly?

[itod]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

[NotLambchop]

Now this, gentlemen, THIS is a true rocket!  
And you, sweet cherry blossoms, have been granted the honor to die for your divine emperor Nakamoto!

[podyx]

LOL cmon, let's reach $210 atleast..

[ParabellumLite]

LOL cmon, let's reach $210 atleast..

Not now. God called: the apocalypse will be postponed another few hours/days. You can get to sleep .

[damiano]

Bulls are definitely standing by

[Dilla]

Today: attempted shake up. Coins dumped. Bulls bought in lower.  I'm seeing a trend, I think this all is bullish.

[ParabellumLite]

Today: attempted shake up. Coins dumped. Bulls bought in lower.  I'm seeing a trend, I think this all is bullish.

Everything is bullish in this topic. Even Bitcoin being declared illegal would be interpreted as a bullish signal.

[luckygenough56]

Today: attempted shake up. Coins dumped. Bulls bought in lower.  I'm seeing a trend, I think this all is bullish.

thanks for sharing ur genius brain outputs with us

[Dilla]

......I guess jokes and sarcasm are hard to detect. 

[DaRude]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

[ParabellumLite]

Wops, my bad then. Didn't notice the sarcasm going on here.

[BayAreaCoins]

Hopefully it is Coinbase cashing some out to get ready to fork that cash over in court.  Leaking fake fucking news and "rick rolling" Californians.