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

[yolalanda]

...
So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well lose it all? ...

FTFY

@skeet: first denial, then panic selling.

[gizmoh]

Guess the Chinese Fomo rally is over ( or eased) with this news.

http://www.zerohedge.com/news/2015-10-30/yuan-soars-most-decade-china-moves-relax-capital-controls

Except your link says:  

"expectations that Beijing is ultimately targeting a 20% devaluation in order to boost said imploding economy"

So stay in Yuan and lose 20%?  Or buy Bitcoin and gain at least 50% from halving and avoid the 20% devaluation as well?  Usually white kids with autism win all the math tournaments, but the Chinese might be able to figure that problem out.

That particular comment is from zerohedge pseudonymous writer..  Zerohedge  = An apocalyptic world viewing angle!

[becoin]

DUMPPPPPP

Was done few minutes to the close of the hour obviously to manipulate hourly charts. Didn't worked as intended as it met strong demand. Still a strong buy on dips!

[ImI]

correction to 300$ imminent?

[BlindMayorBitcorn]

Sounds like you guys had an exciting night. There's no way I can read all those posts before work!

[pleaseexplainagain]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

[!! pop]

Where are you guys?

http://s11.postimg.org/alskwhuo3/404_Anonymous_7.jpg

[inca]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Either it's moon or doom on here.

The price is 318 after a parabolic rise and a minor pullback. Could it go lower? Sure. But bitcoin is heavily shorted and the ask side is looking mighty thin everywhere. And of course retail is expecting the price to return back from whence it came. Short away!

[gizmoh]

DUMPPPPPP

Was done few minutes to the close of the hour obviously to manipulate hourly charts. Didn't worked as intended as it met strong demand. Still a strong buy on dips!

"manipulate" - Come on,  We had 9 daily green candles!


"Still a strong buy on dips!" - Whales now have juicy  bids for sell off.

The charts on daily, are already painting a nice top doji .

[r0ach]

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Here comes the fraud posts from shorters and people who were waiting to buy the bottom but got left behind.

That particular comment is from zerohedge pseudonymous writer..  Zerohedge  = An apocalyptic world viewing angle!

Zerohedge is always right, just off by timings of months, years, decades.

[madmat]

Daily shooting star in formation. Prepare your parachute.

[ImI]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

[Nimbulan]

well i guess reaching 330 was the top now we should get ready for landing to about 250 each

[pleaseexplainagain]

correction to 300$ imminent?

yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.

Either it's moon or doom on here.

The price is 318 after a parabolic rise and a minor pullback. Could it go lower? Sure. But bitcoin is heavily shorted and the ask side is looking mighty thin everywhere. And of course retail is expecting the price to return back from whence it came. Short away!

can someone tell me the difference between "parabolic rise" and "bubble". to me the first just sounds less potentially frightening but are they not ( with bitcoin at least since 21012) the same thing?

[podyx]

You're overexaggerating this. China is still $20 above bitstamp. We had a nice run up, of course there'll be a correction after

[Lauda]

What's wrong with people here? If the price returns back from green (e.g. $10) into a daily green of e.g. $2 you'e trying to tell me that it is going down by $100? If anything, this rise is very similar to that one in late 2013. You can easily see this at Bitstamp (note: I'm not saying that it will follow the same pattern). Stop with the trolling and pointless observations.

we should get ready for landing to about 250 each

No.

[dragonseer]

well i guess reaching 330 was the top now we should get ready for landing to about 250 each

I doubt we'll see any coins cheaper than 280 for quite some time, possibly ever.  If it consolidates above 310 in the next while, we'll be good for another push upwards.

[!! pop]

...
can someone tell me the difference between "parabolic rise" and "bubble". to me the first just sounds less potentially frightening but are they not ( with bitcoin at least since 21012) the same thing?

Parabolic rise: The thing that's happening now. Healthy organic growth, as mathematically assured by satoshi's magical algorithm and science.

Bubble: What happened the last time, something to be forgotten.
Use in sentence: BTC was never $1200, that was a bubble.

[becoin]

DUMPPPPPP

Was done few minutes to the close of the hour obviously to manipulate hourly charts. Didn't worked as intended as it met strong demand. Still a strong buy on dips!

"manipulate" - Come on,  We had 9 daily green candles!


"Still a strong buy on dips!" - Whales now have juicy  bids for sell off.

The charts on daily, are already painting a nice top doji .

Never open shorts if you have a new daily top! 9 daily green candles can easily become 11 green daily candles!

[r0ach]

What's wrong with people here? If the price returns back from green (e.g. $10) into a daily green of e.g. $2 you'e trying to tell me that it is going down by $100? If anything, this rise is very similar to that one in late 2013. You can easily see this at Bitstamp (note: I'm not saying that it will follow the same pattern). Stop with the trolling and pointless observations.

It's all the idiots who were full fiat and 0 coins and were waiting for "the bottom" to go all in for momentum trade but it went up without them.  Now they're waiting on the first dip to go all in and they pray it will be as large as possible.  The absolute worst case scenario would be taking the average of the increase, $240 to $330 = 90/2 = $45, then adding that to the base = $285.  But then the huge amount of shorts + people who wanted in on dip would instantly take it back to $300.  So even in worst case scenario, you're looking at somewhere around $300 if it actually did crash, but the Chinese seem pretty set on building a $325 base.  

If I had to guess what would happen in the next 48 hours, I give it 50% chance China and the US meet at $325 and go sideways, and 50% chance China keeps pushing to god knows wherever they are going.