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

[ChartBuddy]

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Explanation

[1714050775]

1714050775

[Fatman3001]

There's pretty good volume on this dump.

There is a lot of trading at 362. Will be interesting to see if we slide up when the panic selling settles.

Edit: How many of those who sold post dumpage did so because they thought the price will fall further and how many because they thought: "JEEEEEEEBUS, GTFO ASAP!!!!"?

i would have held if i could edit my damn stop loss on magnr.  instead i sold automatically at 363.  I'm gonna go with there being support at 364.  just bought back in at 364.7. 

Of course. Stop Loss.

I don't think my brain is awake yet.

[Rallye]

There's pretty good volume on this dump.

There is a lot of trading at 362. Will be interesting to see if we slide up when the panic selling settles.

Edit: How many of those who sold post dumpage did so because they thought the price will fall further and how many because they thought: "JEEEEEEEBUS, GTFO ASAP!!!!"?

i would have held if i could edit my damn stop loss on magnr.  instead i sold automatically at 363.  I'm gonna go with there being support at 364.  just bought back in at 364.7. 

Of course. Stop Loss.

I don't think my brain is awake yet.

The worst is when you wake up at 4 AM to your bitcoinwisdom alarm and end up making poor trading decisions because you are still 90% asleep. 

[r0ach]

I saw a lot of manipulation trying to extend the wedge to the upside and it took FOREVER for that wedge to break down and go one direction or another so I didn't go by my original gut instinct:

01[21:24] <r0ach> dump that breaks the trend and wedge is usually more harmful that one after immediate pump, which would probably take it to $362ish

Oh well, all my coins were bought at $230 anyway.

[coinpr0n]

The correction to a slightly lower price is alright (still above $360, so that's nice) ... but I'm going to go ahead and blame reddit for the crash.

[r0ach]

zzz

[ChartBuddy]

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Explanation

[marcus_of_augustus]

The correction to a slightly lower price is alright (still above $360, so that's nice) ... but I'm going to go ahead and blame reddit for the crash.

always dumps when the big blocker rektors go on another rampage.

[Mervyn_Pumpkinhead]

I think that there will be a series of dumps cause by the black Friday/cyber Monday sales. Many early adopters, who don't earn very much with their day jobs, used their coins to buy cheap stuff and now Bitpay needs to unload.

[r0ach]

I think that there will be a series of dumps cause by the black Friday/cyber Monday sales. Many early adopters, who don't earn very much with their day jobs, used their coins to buy cheap stuff and now Bitpay needs to unload.

That was a pretty half azz thought pattern.  Any Bitcoin super early adopter is a technology freak that wants the best, nicest, most powerful thing around, you know the stuff that costs money.  They aren't buying cheap, trashy, 1ghz athlon netbooks off holiday sales.  Even if the stuff they wanted was on sale for Black Friday, they aren't waiting until Black Friday to buy it!  And if they were an early adopter, they already bought gold plated toilets and gold plated Nvidia Titans and don't care about some trivial sale.

[Tzupy]

Come one dumpers, you can do it... one more effort... you only hit my bid at 355$, how about the lower ones?

[dloghwak]

I think that there will be a series of dumps cause by the black Friday/cyber Monday sales. Many early adopters, who don't earn very much with their day jobs, used their coins to buy cheap stuff and now Bitpay needs to unload.

That was a pretty half azz thought pattern.  Any Bitcoin super early adopter is a technology freak that wants the best, nicest, most powerful thing around, you know the stuff that costs money.  They aren't buying cheap, trashy, 1ghz athlon netbooks off holiday sales.  Even if the stuff they wanted was on sale for Black Friday, they aren't waiting until Black Friday to buy it!

That was an even more half azz thought pattern tho.

[aminorex]

Good buying opportunity? 

What do you think?

Monkey thinks its a buyable dip NOW.

[r0ach]

I think that there will be a series of dumps cause by the black Friday/cyber Monday sales. Many early adopters, who don't earn very much with their day jobs, used their coins to buy cheap stuff and now Bitpay needs to unload.

That was a pretty half azz thought pattern.  Any Bitcoin super early adopter is a technology freak that wants the best, nicest, most powerful thing around, you know the stuff that costs money.  They aren't buying cheap, trashy, 1ghz athlon netbooks off holiday sales.  Even if the stuff they wanted was on sale for Black Friday, they aren't waiting until Black Friday to buy it!

That was an even more half azz thought pattern tho.

No, you people keep repeating some lame, Jorge Stolfi propaganda.  That it's only possible for the price to increase due to Russian Ponzi schemes, and toilet paper rolls being on sale for 20% off at the Dollar Store on Black Friday will cause the price to crash.

[gotmilk_]

Those who sold sub 360$ on Bitstamp will have some problems with buying back... Ask side is empty  

[Mervyn_Pumpkinhead]

No, you people keep repeating some lame, Jorge Stolfi propaganda.  That it's only possible for the price to increase due to Russian Ponzi schemes, and toilet paper rolls being on sale for 20% off at the Dollar Store on Black Friday will cause the price to crash.

[marcus_of_augustus]

Good buying opportunity? 

What do you think?

Monkey thinks its a buyable dip NOW.

yep, could be last chance for quantity buying, on the market, sub-400.

[r0ach]

Did anyone else see that 1200 coin market buy lol.  Now it's only 500 coins till $380 on Bitstamp, wtf is going on here.

[TReano]

anybody planing / shorted already here?

* scalp short ofc.

quiet easily catched a yet 10% move

[ChartBuddy]

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Explanation