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

[rpietila]

For the TAists, If we don't breach $90, will this be a double bottom?

Yes. If we don't breach it today, this will likely confirm the end of the retracement, and a new violent upmove will commence in short order.

lol

funny how everyone's predictions are always aligned with their best interests

its as if their analysis is based purely on hope

&&

you admit that you suck as a short term trader

Isn't that a little bit hard on me, considering that I have never sold below $200 or bought above $120 (except to materially hedge otc trades)?

Even if I did suck, my credentials do outweigh about 99% that I know of here:
- knew of bitcoins before they were traded
- followed Mt.Gox opening, my friend wanted me to invest, I did not, and have bought less bitcoins than him since, but paid about $500k more for them.
- 16 years stock trading, of which 14 years online [edit: correction]
- 7 years full time silver dealership
- now 6 weeks full time bitcoiner

(Sorry adam my dick is normal size.)

=> another newb ignored.

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[420]

how much is the wall above $90?

[adamstgBit]

The support above 100 was really strong
Now we are hitting a new support line.
I think we can start a rally once everyones had some sleep and come to their senses...
I look forward to reading what MtGox has to say about Coinlab tomorrow.

[johnblaze]

lol what is that candle that you randomly circled and why does it have any significance whatsoever

you guys dont need to pick on rpetilia, just take the average opinion in this thread and use that as contrarian indicator

[just1nmc]

It definitely should slow down.. the asks are very thinned out and haven't filled in up to $120. It seems like most of the people buying on the dips end up selling off after the price goes up $10 though, and with all the uncertainty lately I'm not sure there can be a sustained rally yet.

[luis77]

Do you think its gonna go down to $75-$80???  time to sell some btc?

[seleme]

I'm trying to put myself in a state where I don't care, might do better in that case.

Getting tired definitely, won't be able to babysit this for long.

[solex]

A lot of coins are still in dumb weak hands.

10k just sold driving the price to $91 again.
Anyone with 10k looking to exit, then there was plenty of opportunity at $120, $140 or even $160 recently.

[Richy_T]

[BitPirate]

Do you think its gonna go down to $75-$80???  time to sell some btc?

Newsflash: If you're wondering "Is it time to sell?", it's already too late. (that means: it's time to hold or buy).

[underground_]

[notme]

Just remember the y axis is different for the two series on the bottom, so the crossover is arbitrary.  See the longer term chart for more perspective: http://blockchained.com/depth_mtgox.png

There is certainly a change happening though.

[rpietila]

There is certainly a change happening though.

As I see it, the manipulators are now cocksure that they can raise walls at $100-$120 range, thinking that they'll hold.

Which I don't think they [the walls] do What is in cards now is a violent rally to $135 "support" (now: resistance) and then retracement to $115-$120 range.

Bitcoin is a fractal, and it is marvellous.

Some of my bigger clients' buy time today...

[Jaroslaw]

Wheres this bold n00b rpietila he said that we will never have 95$ again i want to laugh to his face because he said that we can quote him hahahahahahah

[Beta-coiner1]

The Coinlab lawsuit should a big issue since it is not some script kiddy trying to simply manipulate the price.We don't know how the The Gox would be able to pay for such a lawsuit.......Cyprus taught us a few things didn't it?

[Richy_T]

[underground_]

Asks piling up under $100.

[420]

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[Richy_T]

[Jaroslaw]

80`s we are comming