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

[icekiss]

Usually it's sell at resistance and buy at support. Doesn't always work though when the buying or selling pressure is too great, use your own judgment.

I would normally have tried to exploit the 130 wall to catch the price correction for a nice small profit. The problem was that I had no idea what the price was supposed to be on bitstamp (since it was still catching up from a 5$ offset), and no walls around either to help. So I let it pass.

Appears that currently bitstamp is trading at an 1.5-2$ offset.

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[ShroomsKit]

I think were done for today. Or maybe even the weekend. That would be fine with me. Lets not get over excited. That usually results in a crash.

[kickinyou]

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

It depends on your timeframe. If you like to trade within +- $2 range, this is the time. I don't see any reason for lower prices and what's happening here is some minor price oscillation between the smaller walls. I'm very bullish.

Be careful, who you listen to.

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

[kickinyou]

It was a 750 coins cash out

IMO with that many coins, you should be able to make your own opinions about selling/buying or not...

Sorry for the miss understanding i dont have 750 coins , it was a cash out that was 750 coins .

[Rampion]

Rally on volume?

Tide is changing, bears are puzzled... Wasn't this like 2011?

 

[icekiss]

I think were done for today. Or maybe even the weekend. That would be fine with me. Lets not get over excited. That usually results in a crash.

I don't think the action is over for today. mt.gox appears just about ready to retest 130 again (and will most likely fail once more - still about 5000BTC there).

[ChartBuddy]

[dexX7]

So shuld i listen to you ?

What I wanted to say.. in this forum are many different opinions and you can take them into consideration, but what you read here shouldn't be the only basis for your decision.

[Grafzep]

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

I think you're trolling. But, if you're straight you should just stop now and watch from the sidelines for a month or two. Either that or lose the lot and call it an education. Honestly, you'll get raped.

[dexX7]

Rally on volume?

Tide is changing, bears are puzzled... Wasn't this like 2011?

 

It's quite remarkable how things have changed. Remember a few days before?

If you did not get it, the graph means that ATM the total amount of fiat in Bitstamp's order book is not enough to bring the price over $125.

[ShroomsKit]

I think were done for today. Or maybe even the weekend. That would be fine with me. Lets not get over excited. That usually results in a crash.

I don't think the action is over for today. mt.gox appears just about ready to retest 130 again (and will most likely fail once more - still about 5000BTC there).

YeH, probably not the action itself but i can see it stay around 129 for a few days. But i can also see myself veing wrong

[kickinyou]

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

I think you're trolling. But, if you're straight you should just stop now and watch from the sidelines for a month or two. Either that or lose the lot and call it an education. Honestly, you'll get raped.

I got in to bitcoin when it was at 60$ dont remember the date , and just becuse i dont have been eriting in this forum fousent mean that i dont have read it.

[Miz4r]

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

You sound way too emotional for day trading. My advice to you would be to buy and hold or to cash out with a profit and set a new buy order at $120-125 and let the market do its own thing until your order gets filled. Might be painful to watch though if the market keeps going up, so personally I prefer to buy and hold, and buy more in dips.

[Rampion]

Rally on volume?

Tide is changing, bears are puzzled... Wasn't this like 2011?

 

It's quite remarkable how things have changed. Remember a few days before?

If you did not get it, the graph means that ATM the total amount of fiat in Bitstamp's order book is not enough to bring the price over $125.

Fiat and coins decreasing quickly at Gox, really hope Bitstamp can absorb Gox's volume smoothly.

Kind of stress test, if it's successful it is a great step forward for BTC. Hope they did well with their money transmitter shit, etc.

Good times to launch am exchange, Kraken is to be followed.

[kickinyou]

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

You sound way too emotional for day trading. My advice to you would be to buy and hold or to cash out with a profit and set a new buy order at $120-125 and let the market do its own thing until your order gets filled. Might be painful to watch though if the market keeps going up, so personally I prefer to buy and hold, and buy more in dips.

Im here to learn

[Rampion]

Cash out or not ?

Sure, if you think it's gonna crash to 120 then i would cash out.

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

Just trust your won analysis.

In these forums you will see a lot of fun trolling and FUD-spreading, some hilarious gif, and a little useful insights that should just complement your very own analysis.

[San1ty]

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

You sound way too emotional for day trading. My advice to you would be to buy and hold or to cash out with a profit and set a new buy order at $120-125 and let the market do its own thing until your order gets filled. Might be painful to watch though if the market keeps going up, so personally I prefer to buy and hold, and buy more in dips.

Im here to learn

You seem like the person that will end up in tears with every investing opportunity. This forum isn't going to learn you anything, just get a book and learn some fundamentals. Do not trade without basic knowledge!!!

[BTC Books]

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

I think you're trolling. But, if you're straight you should just stop now and watch from the sidelines for a month or two. Either that or lose the lot and call it an education. Honestly, you'll get raped.

I got in to bitcoin when it was at 60$ dont remember the date , and just becuse i dont have been eriting in this forum fousent mean that i dont have read it.

60 bucks?  If you're not desperate for cash just listen to people.  Sit it out - watch and learn.  Let it ride.

[Grafzep]

I think that it will , but people here are not thinking so :/  but you cant trust anyone here ? I dont know ho to trust and who not to trust

So shuld i listen to you ?

This is that making it so hard becuse bitcoin is my first try in this type marketing

I think you're trolling. But, if you're straight you should just stop now and watch from the sidelines for a month or two. Either that or lose the lot and call it an education. Honestly, you'll get raped.

I got in to bitcoin when it was at 60$ dont remember the date , and just becuse i dont have been eriting in this forum fousent mean that i dont have read it.

Hey fella, whatever, its your money.

[MickeyT2008]

So shuld i listen to you ?

What I wanted to say.. in this forum are many different opinions and you can take them into consideration, but what you read here shouldn't be the only basis for your decision.

This ^^^^

Spot on, +1

You have to draw your own conclusions, other people can be completely wrong regardless of how much trading experience they have.  If you get it wrong then you don't end up angry with someone else, if you get it right then all the credit is yours too.

Anyway, whatever opinion someone is giving here you'll usually find that someone else is saying the opposite anyway.  What is useful to learn from is the methods that people use to reach those conclusions, such as the way that they analyse the charts.

Often I prefer to ignore this or other speculation threads and go it alone, this works out better a lot of the time because there's less 'noise' to cloud my judgement

The word 'noise' isn't meant as an insult by the way, I enjoy reading what everyone else has to say