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

[wobber]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

I was thinking the same thing. I see too many people waiting to buy lower and just can't stop thinking.. what if they won't be able to do so.

But also, when so many people think the same, a new low might happen.

[1714990893]

1714990893

[1714990893]

1714990893

[1714990893]

1714990893

[1714990893]

1714990893

[1714990893]

1714990893

[1714990893]

1714990893

[wonkytonky]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

lol that's what i'm seeing.. people selling below 118   and the ask price sticks to 118, so anyone has to buy them coins back more expensive

i want to buy in but i'd bring price over 120$ with  massive slippage..
put some asks up there people!..

[byronbb]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

For sure. All breakthrough discoveries are of inspiration not cold logic.

[UltimateReaper]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.

[Miz4r]

It's very simple, once everyone is a bull we've reached the top and we're going down hard. When everyone is a bear waiting for cheaper coins the market will go up, hard. When it's a 50/50 mix we're probably going nowhere and there's only consolidation.

[lebing]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.

The Venture capital, techcrunch activity and China are all massive, massive indicators on a medium/ long term... which is why I'm surprised we are not seeing more activity. Seems many are like you, not noticing how big these impacts will be. When the products/ deals/ whatever they spawn are announced (or before they are announced), make no mistake, it will be vicious and many hoping for cheap coins will be left on the sidelines.

[michaelGedi]

where can I find the bid/ask sum charts guys?

[dexX7]

where can I find the bid/ask sum charts guys?

www.blockchained.com - scroll till the end.

[UltimateReaper]

My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.

The Venture capital, techcrunch activity and China are all massive, massive indicators on a medium/ long term... which is why I'm surprised we are not seeing more activity. Seems many are like you, not noticing how big these impacts will be. When the products/ deals/ whatever they spawn are announced (or before they are announced), make no mistake, it will be vicious and many hoping for cheap coins will be left on the sidelines.

I'm certain the long term is up. I don't know about the mid term. Short term I'm certain is down.

Try to keep the insulting aura to a minimum, anyways what you do is your own decision, but if we do go down, it'll be the greed-full bulls who go down as well.

edit: i'm not a bear

[MAbtc]

I was told of breakout. Where is volume.

[michaelGedi]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

[fitty]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

[Acidman]

Laughin at all of these bears... Bitcoin is not made to go down and the only time it does is due to a downward correction caused by external factors (media hype, government attempts at intervention, etc.) after we have already skyrocketed upward. We are supposed to be right about where we are right now 118 according to the logarithmic charts that have been extremely accurate since bitcoins inception.  In about six months were supposed to be around 500 so I don't see how people are still saying $70 or $80 coins are coming.  

[michaelGedi]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

500k what??!

EDIT - after some thought, you must have meant 500k USD

[KillaMarci]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

500k what??!

I'm guessing USD. If that was BTC then that would have triggered an explosion that would have blown out all the windows in Japan.

[michaelGedi]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

500k what??!

I'm guessing USD. If that was BTC then that would have triggered an explosion that would have blown out all the windows in Japan.

yes

see edit, haha...

[fitty]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

500k what??!

EDIT - after some thought, you must have meant 500k USD

*lol* Sorry yeah USD. Was between 4-5k BTC purchase. Followed by about a 2.5k BTC purchase. Some pretty big buys.

[Coinseeker]

...so I don't see how people are still saying $70 or $80 coins are coming.  

...the only time it does is due to a downward correction caused by external factors (media hype, government attempts at intervention, etc.)

^^^This is why.  These things are inevitable and hence the allure and risk of Bitcoin trading.

[michaelGedi]

how big was the large buy at 0930 GMT that seems to have started this "break out"?

About 500k.

500k what??!

EDIT - after some thought, you must have meant 500k USD

*lol* Sorry yeah USD. Was between 4-5k BTC purchase. Followed by about a 2.5k BTC purchase. Some pretty big buys.

yes - I'm just wondering what happens if we start touching $116

[adamstgBit]

i'm trying to buy 1$'s worth... just want to cover the 1$ tip i sent the Mad Bitcoin  youtube dude http://www.youtube.com/watch?v=PtTU1Vz9jvw

I place 0.01 at the very top, and I keep getting outbid...  

 Mad Bitcoins! Mad Bitcoins! Mad Bitcoins!    love it