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

[ChartBuddy]

Coin

Explanation

[becoin]

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.

Have you chosen a building to jump off if we don't get back in the $230-250 range?

[ssmc2]

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.

Have you chosen a building to jump off if we don't get back in the $230-250 range?

 

[Torque]

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.

Have you chosen a building to jump off if we don't get back in the $230-250 range?

Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point?  Lol   

[Elwar]

From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.

[Hyperjacked]

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.

Have you chosen a building to jump off if we don't get back in the $230-250 range?

Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point?  Lol   

Torque and I have been dead on over the past weeks...Most everyone else has been playing catch up!

Jump...lol! Maybe a new penthouse with a view of the smaller buildings...

[ssmc2]

From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.

It's pretty clear now that the order books don't mean shit.

[degxtra1]

Doubtful that we'll get any quick run up any time soon.

I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished.
At the same time market is flooded with many new coins - so, really don't expect epic rises.
Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit.

[Elwar]

From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.

It's pretty clear now that the order books don't mean shit.

For the short range I would agree, but up in the higher numbers it does tend to get lower over time when there is not much anticipation of the price going that high.

[Elwar]

Doubtful that we'll get any quick run up any time soon.

I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished.
At the same time market is flooded with many new coins - so, really don't expect epic rises.
Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit.

Since everyone has seen before that those at the top of these price run ups are the ones that make the money it becomes a race to be the one who sells at the top. Thus making each run up get shorter and shorter until there are none. Which is ok over time for a serious currency.

[barbs]

What the fuck am I supposed to do with these moonsuits I bought on credit at 500$\btc for me and my friends

[Torque]

Doubtful that we'll get any quick run up any time soon.

I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished.
At the same time market is flooded with many new coins - so, really don't expect epic rises.
Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit.

Since everyone has seen before that those at the top of these price run ups are the ones that make the money it becomes a race to be the one who sells at the top. Thus making each run up get shorter and shorter until there are none. Which is ok over time for a serious currency.

The other thing is that this small group of whales was hoping that their pumping would attract other, larger whale players to join in.  That's exactly what happened in 2013.  Which is the reason rallies in 2013 went so high, and then high volatility (coordinated trading) during the bear market.  And why the bear market took sooo long to deflate in 2014.

Well for whatever reason, that didn't happen this time.  So this small group of whales failed to attract other bigger whales.  Also, all buying pressure and volume completely ended on Nov 4th, the day before the USM auction.  That was a BIG giveaway that this run up was simply engineered around that event.  They also failed to attract Average Joe, who has become skeptical and completely apathetic to bitcoin price run ups.

I do believe, however, that we will eventually see another Bitcoin event year like 2013.  If you notice, it coordinated perfectly with a U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% chance of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

[ChartBuddy]

Coin

Explanation

[conspirosphere.tk]

If you notice, it coordinated perfectly with U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money.

[Torque]

If you notice, it coordinated perfectly with U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money.

Totally agree.  Also, we've never seen what happens to btc during a true financial crash, since it was born after one.  It could crash just like a stock, dunno.  People like to rush to fiat during financial crisis.  I hope it would do the opposite.

[ssmc2]

If you notice, it coordinated perfectly with U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money.

It's also interesting that the halvings will all happen during election years.

[Tstar]

If you notice, it coordinated perfectly with U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money.

Totally agree.  Also, we've never seen what happens to btc during a true financial crash, since it was born after one.  It could crash just like a stock, dunno.  People like to rush to fiat during financial crisis.

Never thought about that! Very interesting: it will be a first time and, of course, an epic one. If the US economy will start to crack a bit no one here can imagine what is going to happen next. You guys gave something to think about. Better be prepared anyway

[LFC_Bitcoin]

This is ridiculous lately, the volatility just shows how far away we are from any type of mainstream adoption, trust or legitimacy.

Imagine if you bought in at 500 thinking 'this is it'.

It's just a good thing many of us have been around long enough to shrug our shoulders & wait for the next crazy price swing. The events of the last week or two will do nothing to encourage 'average joe' to invest in bitcoin though.

[ghandi]

Which part of the world is getting up around 16:00CET? Dumps/Pumps always seem to happen around this time of the day

[Kazimir]

This is ridiculous lately, the volatility just shows how far away we are from any type of mainstream adoption, trust or legitimacy.

Imagine if you bought in at 500 thinking 'this is it'.

It's just a good thing many of us have been around long enough to shrug our shoulders & wait for the next crazy price swing. The events of the last week or two will do nothing to encourage 'average joe' to invest in bitcoin though.

But how long are you willing to keep shrugging your shoulders if you're sitting on a stack of coins.

I believe in Bitcoin 100%. Unfortunately it's not Bitcoin that determines its future, but the belief (of lack thereof) of mass audience morons. Sometimes the black hole of lacking insight and understanding of Bitcoin depresses me.