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

[kromtar]

soon 800 mill ghs, then billions and billons and billions.... 

CCMF!!!

[noobtrader]

BTC-e now $425 and Bitstamp is at $423... I smell a rat or a dump coming...

or these whole dumping  is it a bear trap ?

[ChartBuddy]

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[ChartBuddy]

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[Meuh6879]

Does anyone has a clue by now why the Chinese dumped en masse yesterday?

return (for the bitcoin farm) of the (little) vacancy (of christmas).

[bad trader]

Does anyone has a clue by now why the Chinese dumped en masse yesterday?

Charts and lines and shit.

OKCoin:


None of it makes any sense. The lines giveth and the lines taketh away.

[keats3]

BTC-e now $425 and Bitstamp is at $423... I smell a rat or a dump coming...

Bitstamps's gone down to 417.9. Your dump smelling powers are awesome. I had a suspicion a dump was coming, but my intuition is wrong so often that I can't make trades using it.

[ChartBuddy]

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[bad trader]

None of it makes any sense. The lines giveth and the lines taketh away.

But mostly, it taketh away.

I wouldn't say so. This whole rally began, because the downwardly lines were broken and the traders have been chasing their upwardly lines since. Until now, at least...

Did you know suicide rate goes up during the winter holidays? It does. In no small part, I must add, thanks to bitcoin

And I don't know what to say... If one doesn't want to kill oneself, one shouldn't invest in bitcoins, I guess.

[bad trader]

I wouldn't say so. This whole rally began, because the downwardly lines were broken and the traders have been chasing their upwardly lines since. Until now, at least...

No. 'This whole rally' began because a bunch of Chinese gamblers/exchange owners got together to fleece some starry-eyed idiots. Idiots who wanted to make money in their pajamas and stick it to daddy The Man at the same time. With no education. With zero understanding of economics. Vulnerable, susceptible idiots just asking to get raped. Repeatedly.

That might be true, but even so the manipulators definitely capitalized on the whole "the downtrend broke, it's safe to buy now" thing.

[Tmdz]

None of it makes any sense. The lines giveth and the lines taketh away.

But mostly, it taketh away.

I wouldn't say so. This whole rally began, because the downwardly lines were broken and the traders have been chasing their upwardly lines since. Until now, at least...

No. 'This whole rally' began because a bunch of Chinese gamblers/exchange owners got together to fleece some starry-eyed idiots. Idiots who wanted to make money in their pajamas and stick it to daddy The Man at the same time. With no education. With zero understanding of economics. Vulnerable, susceptible idiots just asking to get raped. Repeatedly.

Did you know suicide rate goes up during the winter holidays? It does. In no small part, I must add, thanks to bitcoin

And I don't know what to say... If one doesn't want to kill oneself, one shouldn't invest in bitcoins, I guess.

I guess. Or 'invest' in equally-promising MMM Global. Whichever.

I take offense to your hatred towards the pajama traders!  Mainly cause I am in my pajamas 

[ChartBuddy]

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[conspirosphere.tk]

No. 'This whole rally' began because a bunch of Chinese gamblers/exchange owners got together to fleece some starry-eyed idiots. Idiots who wanted to make money in their pajamas and stick it to daddy The Man at the same time. With no education. With zero understanding of economics. Vulnerable, susceptible idiots just asking to get raped. Repeatedly.

I take offense to your hatred towards the pajama traders!  Mainly cause I am in my pajamas  

pajama trader spotted:

[ChartBuddy]

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[QuestionAuthority]

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Well old friend it looks like you showed me exactly the right time to sell for Christmas. See you in January.

[TReano]

Looks like it doesn't really want to bounce.

expect further drop if we can't hold the level between 2650-2600CNY.

If we make new Lows around 2200CNY the bulltrend should be dead. But I would still expect a dead cat bounce around that area.


Daily Candle about to turn red again on top.

[hdbuck]

[JayJuanGee]

Looks like it doesn't really want to bounce.

expect further drop if we can't hold the level between 2650-2600CNY.

If we make new Lows around 2200CNY the bulltrend should be dead. But I would still expect a dead cat bounce around that area.


Daily Candle about to turn red again on top.

In essence, your prediction seems quite premature, and let's speak a little English here and get away from implied suggestions that the chinese control the price direction of the btc market or how we consider the matter in this thread.

First of all, before we even get to those $380 or $350 or $320 price levels that you suggest, we need another test of $400, which we haven't quite had yet.

I do get a sense that we will get a test of $400 over the remainder of the weekend... but $390 or $380?   hm?


I have some fiat available in case we go to those levels, but sometimes we need a bit of time to see how things are going to play out, and getting back down to $320 to end the bull trend seems quite a bit of a stretch at the moment and absent some good FUD 

[ChartBuddy]

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[ChartBuddy]

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