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

[ElectricMucus]

enforcing proper procedures.

Good luck with deciding what's proper for everyone else.

They have done so for longer than you are around, and I expect them to do it as long as people live in urbanized environments. The only thing to effectively fight bureaucracy is self-sufficiency.

[Tzupy]

Wall at 112 eaten, price going down, possible panic sale.

[JimboToronto]

Mini-whale dump part 2.

[gandhibt]

Wall at 112 eaten, price going down, possible panic sale.

Or not.

[notme]

Come on, for once there's actual news. The Feds are going to try and fight Bitcoin. If you think they'll fail it's quite bullish don't you think?

Don't underestimate the disdain that TA devotees feel towards anything not based on traditional stock/commodity-market technical analysis.

The very idea that news might affect a market (even as new and unprecedented a market as BTC) is heresy, an affront to their existing orthodoxy.

 

Nope, I believe news affect FX markets, but not bitcoin.

I guess I'm a bit of a market analysis agnostic. I don't buy into either philosophy wholeheartedly, but try to use both to my advantage.

As for news not affecting Bitcoin, how about the news of the Satoshi Dice sale and payment to shareholders in BTC? Almost immediately the price dropped by over $10 and while the expected great selloff never happened, it took a week to recover. I'd say that news affected the Bitcoin market, albeit only temporarily.

It wasn't almost immediately... it was 6 hours later after pages of discussion on where cheerleaders made up bullshit reasons why it would drop.  Once they had enough people convinced, it happened.  It is not the news per se... it is speculators overreacting to news and whipping to forums into a panic.  The news didn't change fundamentals and the market made that clear by burning most of the idiots who sold off.

[Tzupy]

Wall at 112 eaten, price going down, possible panic sale.

Or not.

Oh yes, bid sum dropped like a rock, price should follow.

[ElectricMucus]

The news didn't change fundamentals and the market made that clear by burning most of the idiots who sold off.

This idiot actually profited from this.

[01BTC10]

Wall at 112 eaten, price going down, possible panic sale.

Or not.

Oh yes, bid sum dropped like a rock, price should follow.

Not much.

[JimboToronto]

Here we go again.

[gandhibt]

Wall at 112 eaten, price going down, possible panic sale.

Or not.

Oh yes, bid sum dropped like a rock, price should follow.

See?

[Tzupy]

OK, no panic sale yet. I must confess I have a craving for panic sales.
But what are those suckers trying to do, push the price towards 114 again?
The correct price right now is 110 - 111, so they have no chance, just losing money.
Once the ask sum rises, the down trend will resume IMO.

[JimboToronto]

what are those suckers trying to do, push the price towards 114 again?

Probably beyond. They seem hell-bent on pushing the price steadily higher while amassing a very large holding.

[gandhibt]

This is great opportunity to buy lots of coins with small slippage, because people sell so easily.

[ShroomsKit]

OK, no panic sale yet. I must confess I have a craving for panic sales.
But what are those suckers trying to do, push the price towards 114 again?
The correct price right now is 110 - 111, so they have no chance, just losing money.
Once the ask sum rises, the down trend will resume IMO.

You are the new Rampion, aren't you?
My god...
When i thought it couldn't get worse.
Actually you are like a combination of Rampion and Blitz.

[ElectricMucus]

OK, no panic sale yet. I must confess I have a craving for panic sales.
But what are those suckers trying to do, push the price towards 114 again?
The correct price right now is 110 - 111, so they have no chance, just losing money.
Once the ask sum rises, the down trend will resume IMO.

You are the new Rampion, aren't you?
My god...
When i thought it couldn't get worse.
Actually you are like a combination of Rampion and Blitz.

You are having a pavlovian reaction.

[JimboToronto]

Once the ask sum rises, the down trend will resume IMO.

Down trend? LOL

Take a look at the past week. The trend is up.

The slippage from 115 to 111 was probably just a combination of profit taking and correction, and possibly just a nice little bear trap.

Someone has invested too much in the last few weeks to allow a trend reversal.

[ShroomsKit]

OK, no panic sale yet. I must confess I have a craving for panic sales.
But what are those suckers trying to do, push the price towards 114 again?
The correct price right now is 110 - 111, so they have no chance, just losing money.
Once the ask sum rises, the down trend will resume IMO.

You are the new Rampion, aren't you?
My god...
When i thought it couldn't get worse.
Actually you are like a combination of Rampion and Blitz.

You are having a pavlovian reaction.

You mean when i see someone who is so full of it, it reminds me of those 2 clowns?

[ElectricMucus]

You mean when i see someone who is so full of it, it reminds me of those 2 clowns?

From your perspective.
It looks like you miss them so much you are seeing them in other people.

[ShroomsKit]

You mean when i see someone who is so full of it, it reminds me of those 2 clowns?

From your perspective.
It looks like you miss them so much you are seeing them in other people.

 

You should work on your psychology a bit.
You make as much sense as they do.

[ChartBuddy]