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

[damiano]

price pretty flat lately, 

It did the same last night.  It picked up after they dumped which I think was around 10pm pst

[ChartBuddy]

Coin
Explanation

[chriswen]

First leg of the dump started.  Looks like we might go down and retest 220.

[ChartBuddy]

Coin
Explanation

[damiano]

First leg of the dump started.  Looks like we might go down and retest 220.

I'm pretty sure we will go back up to 228-230 which should take about 4-5 hours.  Rinse repeat same bs.

I don't think they will take us below 220 till the weekend.

[ChartBuddy]

Coin
Explanation

[ajaxmoor]

I don't think they will take us below 220 till the weekend.

They ? The people who dump ?

[bitgeek]

I don't think they will take us below 220 till the weekend.

They ? The people who dump ?

Yes those people with epicanthic fold 

[ChartBuddy]

Coin
Explanation

[hdbuck]

Warning: 'bubble' alert

http://www.zerohedge.com/news/2015-02-04/venezuela-runs-out-condoms-pack-now-costs-755-if-you-can-find-it

[avw1982]

Warning: 'bubble' alert

http://www.zerohedge.com/news/2015-02-04/venezuela-runs-out-condoms-pack-now-costs-755-if-you-can-find-it

That's not a bubble alert. That's a babyboom alert.

[hdbuck]

Warning: 'bubble' alert

http://www.zerohedge.com/news/2015-02-04/venezuela-runs-out-condoms-pack-now-costs-755-if-you-can-find-it

That's not a bubble alert. That's a babyboom alert.

[razorramon]

Warning: 'bubble' alert

http://www.zerohedge.com/news/2015-02-04/venezuela-runs-out-condoms-pack-now-costs-755-if-you-can-find-it

That's not a bubble alert. That's a babyboom alert.

Venezuela is doomed

[luckygenough56]

it'll be a dumpy week-end

[ChartBuddy]

Coin
Explanation

[Searing]

it'll be a dumpy week-end

yeah we are probably gonna see this for the rest of this year imho ....300 to 150 usd to 300 again etc

little volume no consensus ....little newbie action into BTC ..infrastructure is the only bright spot that seems to be going pretty good despite
the low btc price (imho)

i see this sideways crap in the above range till 2016 as the best case (hope I am incorrect)

not enough adoption legs to it all yet and too much speculation imho

[findftp]

KDJ says we should go down, but I can't really believe we are able to go much lower than 222.
My opinion is that we have a leg up, not that much.

[Morecoin Freeman]

My last action was: buy 228 and sell at 230 already.
I'm not sure at this point what to do. So I'm waiting in fiat for now.
Can go both ways. Weekend likely some lower prices though.

[KryptoFoo]

Seems like traders waiting for some upside or downside resolution before jumping back in. Me thinks the market is going to roll over and push down today. We'll see.

On the positive side, there is one less unknown out there with bit license revision being published. I don't think there will be many more revisions by the end of the 30 day comment period. So, market participants know what to expect now and don't have to price in the uncertainty.

Watching that lower trendline, not sure how much longer it can hold. Below that, support at 210/200/190. Lots of folks thinking we go down, will the market frustrate everyone and just go sideways?

[bitgeek]

Warning: 'bubble' alert

http://www.zerohedge.com/news/2015-02-04/venezuela-runs-out-condoms-pack-now-costs-755-if-you-can-find-it

That's not a bubble alert. That's a babyboom alert.

Venezuela is doomed

They have to learn to pull out I wouldn't pay 755, that's crazy. Anybody want to start air dropping them with drones and earn millions?