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

[dreamspark]

If you don't understand why this is more likely to go down than up then I feel sorry for you. It's simple, too many leveraged longs. Don't get high on the hopium, good traders make money both ways.

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[newbiejailnoplz]

Price down 1% and some brandnew trolls are already out handling their biz.

Fascniating, isn't it

The fucking trolls are awful today.

Newbie Jail/Executions pls

http://showtimeshowdown.com/wp-content/uploads/2014/12/tobey-cry.jpg

[inca]

So we are down 5 dollars and there seems to be a real lack of selling and no increased shorting.

The reason? Retail has been burnt several times already since 230's (just ask tarmi). The bear market 'short all rallies' approach isn't the sure thing it was for the last few months - in fact a single whale can push us up at any time - and this will be accompanied by the legion of bitcoin buying if we pass 300.

Sure the long interest has risen but lets be clear it isn't unduly high by any objective measure based upon the last year.



Furthermore most of the borrowed USD is in the money and therefore not at risk of a 'squeeze' or at worry of being too expensive to maintain the position (0.7% a week after a 30% gain!).

We may drop a bit though i'm not seeing it yet. Where is the heavy speculator increased in shorting?

But short away gamblers!

[Dump3er]

So we are down 5 dollars and there seems to be a real lack of selling and no increased shorting.

The reason? Retail has been burnt several times already since 230's (just ask tarmi). The bear market 'short all rallies' approach isn't the sure thing it was for the last few months - in fact a single whale can push us up at any time - and this will be accompanied by the legion of bitcoin buying if we pass 300.

Sure the long interest has risen but lets be clear it isn't unduly high by any objective measure based upon the last year.



Furthermore most of the borrowed USD is in the money and therefore not at risk of a 'squeeze' or at worry of being too expensive to maintain the position (0.7% a week after a 30% gain!).

We may drop a bit though i'm not seeing it yet. Where is the heavy speculator increased in shorting?

But short away gamblers!

Since monthes you say: up, up, up...

...and then it goes down. Keep shouting!

[JimboToronto]

Good morning Bitcoinland. Happy St. Patty's Day.

Nothing new today so far.

Price dips $3 and its a trollfest around here. It seems to take less and less each time but $3?

The bears are getting more and more desperate.

[soullyG]

Price down 1% and some brandnew trolls are already out handling their biz.

Fascniating, isn't it

The fucking trolls are awful today.

Newbie Jail/Executions pls

Or just ban the IP address NotLambChop/Silverspoon/newbiejailnoplz is using  

[D05GTO]

Our internal indicators are flashing.  Guess I would be buying right now.

[podyx]

Price down 1% and some brandnew trolls are already out handling their biz.

Fascniating, isn't it

The fucking trolls are awful today.

Newbie Jail/Executions pls

LOL

[Silverspoon]

...
Or just ban the IP address NotLambChop/Silverspoon/newbiejailnoplz is using  

You Bitcoiners should lrn how to work computers.  Welcome to the interweb!

[ChartBuddy]

Coin
Explanation

[inca]

First chart prediction for a while*:



*especially for you dump3r.

[Kipsy89]

These positive posts in the middle of all this FUD are sweet sugar on my sundae, man! I also think that the outlook is still very bringt. It's only natural for the market to be cautious and a little frightened after 15 months of huge red candles.

[Kipsy89]

I can see my favourite pattern form again, you know the double-bottom W-pattern. Guess it'll be 2 more hours or so and we'll go back over $290 after revisiting $286

Just to keep you guys posted: We're still perfectly on track for this to play out very very nicely! I love how this pattern never fails me. It won't this time, either.

[Silverspoon]

These positive posts in the middle of all this FUD are sweet sugar on my sundae, man! I also think that the outlook is still very bringt. It's only natural for the market to be cautious and a little frightened after 15 months of huge red candles.

Exactly!  Just ignore the h8rs.  It';s all gonna work out, it always does!

[michaelGedi]

ha, where is this image from? seems great minds think alike  

https://bitcointalk.org/index.php?topic=985352.msg10736015#msg10736015

[podyx]

First chart prediction for a while*:



*especially for you dump3r.

You think we will go below 250?

[techman]

I don't sell anymore, I will only buy under 300$ and hold.

[magicmexican]

Everything points towards the dump. Probably into the 250$ range once again, sigh.

[inca]

You think we will go below 250?

Wouldn't surprise me. The log downtrend line is falling rapidly. We just have to float here and we will break it in the next few months.

Meanwhile heavy selling pressure has gone. And transactions are..



Whilst people say bitcoin isn't gaining ground (and breaking through the penultimate ATH was a hit no doubt) google trends show steady growth..



Short term predictions of market movements is a mug's game. But with companies dumping 100,000,000 dollars into stealth startups and US banks forming bitcoin alliances, former JPM commodities managers entering the space, US regulated exchanges coming on board - +/- ETF along with a halving next year, I see no reason to abandon ship. I think we have at least one last bubble left and bitcoin is cheap here.

Just over 20,000 people worldwide buying 5 coins a month can swallow the entire mining supply even now. When the next halving happens do you think there will be more or less people buying bitcoin?

[Stargazer]

Everything points towards the dump. Probably into the 250$ range once again, sigh.

I don't see it this way. The news in the bitcoin world are positive and promising. There's also a decent amount of confidence in the price since we broke the downtrend.