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

[toknormal]

What's the reason for this sudden drop ?

No ETF rejection, no more BU shilling, exchanges are still closed in China ?

Simple T/A.

Market had become overbought at the higher ranges (12 hour, 1 Day) after passing around $1010. It continued on up due to positive momentum at the lower ranges.

Once the 6-hour, 4-hour MACD crossed to the downside it was inevitable that a correction was required to consolidate. That triggered the correction at the longer ranges as well, so consolidation now in progress.

[JayJuanGee]

What is this, just out of interest ?

https://www.sec.gov/rules/sro/batsbzx/2017/34-80169.pdf

Looks like the last hurdle to COIN ETF approval is cleared:

The Commission is publishing this notice to solicit comments on Amendment Nos. 1 and 2 from interested persons, and is approving the proposed rule change, as modified by Amendment Nos. 1 and 2, on an accelerated basis.

There could be some kind of Notice that requires a publish and comment period, but it seems already that all comment and publish periods have been used up.


So if some issue comes up that is beyond what has already reasonably contemplated, then they would have to deny the ETF.

But if the issues are largely already covered, then they may not need to deny the ETF.

I don't know what kinds of issues would be significantly material and/or new that would cause the ETF to be disapproved because there was not already a sufficient opportunity to consider it and to allow public comment.

[BinaryReign]

Any tips from you experts if you have strong fear and strong greed at the same time ?

In the end, 1 BTC = 1 BTC. These dips are buying opportunity's to increase your stash. Just hold on to your coins and wait till they reach your target price. Might take a week, might take a month, might take a year. Uptrent wil continue over the years. 

"He's absolutely right" lol

https://www.youtube.com/watch?v=ZXk5ru5gJQM

[Stevenirving]

Life savings 100% in at 1190.
Pray for me.
My wife will leave me and is taking the kids if I am wrong here.  

Gambling is always wrong!

You were told many times. Buy bitcoins ONLY with long term money and ONLY that amount you can afford to lose entirely. If you do that you'll always win!

Surely this goofball is a troll.

But just to continue with the non gambling theme... yep... and incremental is good, too... rather than jumping in all at one price.

So if you are just beginning and you are a bit bullish (and you have a stash that you want to invest, but you are afraid that it is just going up from here), then you might consider reasonably investing anywhere between 30% and 70% at this price point, and then seeing what happens, but to have some money in reserve in case the price goes in the opposite direction than you expect.

My account is from 2013. I have been investing in bitcoin since 2010.
I am no troll

[bitcoinvest]

I literally have no clue what's going on at the moment with the price. So where are we? We all good?


Up, down, up, down. Welcome to bitcoin

We are in dirty waters right now to see any light... the facts are the 2 big dumps and in my opinion we another one in the corner waiting for us.
i hope i am wrong on that because will be bigger from the past ones....

I hope you are right because I want to buy more coins and it is better to buy them low.

Do you have 500 usd in your books?

i not have this number in my books or in my thoughts but i will be unbelievable happy if this happen as i will need to buy as many as i can,
I do believe we are going to see prices under 1000€ but i can't tell the exactly number, but if you see my posts i did predict both dumps.
since gox not give me back my coins feel free to send a beer if you listen me and win something
From the time i made the post the price went down about 40€ ...it was a small dump...my books warn me for bigger one and it will happen if this not finish soon...

Good afternoon bitcoin land!!

not to forget read here: http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

[becoin]

Who bought at the top?

Looks like we got a new Lambie. 

Whoever bought at the top will see new top in just couple of weeks if not days. But Lambies that sold at the bottom will never have the chance to rebuy at same price.

[Torque]

I'm calling a double bottom at $1180.

[toknormal]

But Lambies that sold at the bottom will never have the chance to rebuy at same price.

That's not very friendly.

[Lionidas]

THE SKY IS FALLING !!!!

AIIIIEEEEEEEE !!!!!!!!

MEIN LEBEN !

HIDE YOUR KIDS. HIDE YOUR WIFE !!!

What charts are you looking at?
I see the price hasn't moved all morning.
Insider trading information? Have an exact time of the ETF's approval maybe
I am certain there would be a lot of people here who would like to know this valuable tweet that might get leaked early.

[Stevenirving]

Where should I be looking to see the news the moment it comes out?

[ErikvanBreen]

Where should I be looking to see the news the moment it comes out?

The price charts 

[Ted E. Bare]

I'm calling a double bottom at $1180.

Confirmed.

[BinaryReign]

Where should I be looking to see the news the moment it comes out?

The price charts 

Right.. I've found that places like bitcointicker.co show related news links above the chart, but it's never in time to avoid any losses or anything

[Stevenirving]

Where should I be looking to see the news the moment it comes out?

The price charts 

I knew this would be the response. Lol.

Someone better post here the second it's official!

[toknormal]

http://seekingalpha.com/article/4053177-betting-sec-will-approve-coin

[abercrombie]

https://news.bitcoin.com/major-chinese-exchanges-postpone-return-withdrawals/

[JimboToronto]

Good morning Bitcoinland.

Consolidation continues, right back to where we were yesterday... $1183 (Bitcoinaverage).

Seems the Chinese exchanges have extended their Bitcoin withdrawal suspension indefinitely. Meanwhile we're still waiting for the ETF decision.

Still not a deep enough dip for me to buy. Soon come.

troll troll troll

You sound like a NLC shill account.

No kidding.



 

[toknormal]

Bullish post...bearish post...bullish post...bearish post...

[r0ach]

Adam trolling about BU forks brings all the bears to the yard:

[podyx]

Life savings 100% in at 1190.
Pray for me.
My wife will leave me and is taking the kids if I am wrong here.  

Boy you gonna win.

But maybe should of waited for the ETF decision first. Just make sure to have a stop loss/selling point, maybe 950-1050