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

[kurious]

My 2 cents:  We have had the bottom.

For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.

I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).

Yup - that's me 

[kenji]

is now a good time to short?

[Jammalan the Prophet]

is now a good time to short?

no

[solex]

is now a good time to short?

Kenji, you need a chart where the red candles are green, and the green ones are red. Then you can really let loose trading on your instincts.

[kodtycoon]

am i doing it right?

[galdur]

This is looking mighty scary now. A major crash has been building in those limp tops. Question is how it´ll effect Bitcoin

Considering the scale at right, it is not that scary.  Not in bitcoin terms, at least.

I guess scary is like total market cap decreasing by trillions of dollars virtually overnight.

BTC market cap amounts to about what Facebook stock turns over in a session. Pocket lint in this comparison.

[ChartBuddy]

Coin
Explanation

[freedomno1]

is now a good time to short?

Tough question I would say it's a time to observe and maybe consider long instead of short
It depends on the movement from here

[Dotto]

[galdur]

So, how is the coming stock market crash going to affect BTC price action.

Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.

[kodtycoon]

am i doing it right?

LOL

[BrewCrewFan]

So, how is the coming stock market crash going to affect BTC price action.

Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.

Didnt one of the grading services just downgrade Russia to junk? I think it takes 2 of the 3 to rate it at that, but usually when one does it, another follows suit.

[galdur]

Merv "The Swerv" King - former governor of The Bank of England - has joined the ranks of those ex-central-planners-who-feel-the-need-to-protect-their-legacy-by-rewriting-history-and-admitting-the-entire-thing-is-crazy. Speaking in Tokyo overnight, King said he’s concerned that financial markets believe real interest rates will remain very low for a very long time which has created "a significant disequilibrium in the world economy," adding that he does "not believe and expect a market economy to thrive on real interest rates that are close to zero." Warning that many nations realize "they have pushed monetary policy as far as it can go," King added that with the additional risk of currency wars, "markets will discover that they have been pushing asset prices to an excessively high level and there will be a major downward shock to asset prices."

zerohedge.com

[bytezero]

Although the low volume might make these walls less relevant, they are still fun to observe.

[galdur]

So, how is the coming stock market crash going to affect BTC price action.

Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.

Didnt one of the grading services just downgrade Russia to junk? I think it takes 2 of the 3 to rate it at that, but usually when one does it, another follows suit.

Yeah, those rating agencies have an excellent record as we know. They have never rated junk as A+ for their Wall St. partners, that´s for sure. Great credibility,

[galdur]

If you´re fucking retarded that is.

[drbrock]

So, how is the coming stock market crash going to affect BTC price action.

Remember that the 2008 crash took 18 months to fully bottom. So the exact start is impossible to pinpoint beforehand. But the chart I posted looks very ominous and when you add the current turbulance in the financial markets and the manic warmongering we´ve witnessed over the last year, well chances seem to be excellent that a substantial market decline/crash is pretty imminent.

Didnt one of the grading services just downgrade Russia to junk? I think it takes 2 of the 3 to rate it at that, but usually when one does it, another follows suit.

Yeah, those rating agencies have an excellent record as we know. They have never rated junk as A+ for their Wall St. partners, that´s for sure. Great credibility,

+1

[damiano]

Looks like the picnic is coming to an end

[aztecminer]

is now a good time to short?

Tough question I would say it's a time to observe and maybe consider long instead of short
It depends on the movement from here

'chinese panic' battle for 240 .. who's going to win ??

[ChartBuddy]

Coin
Explanation