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

[Pruden]

Like I said almost three months ago, bid sum decline in past 10 days (excluding the manipulation last weekend) signals a reversal not entirely unlike the one that unwinded through June. It's so obvious to me, an average person, that fundamentals keep getting stronger that I don't think the market will let the price fall further than the low 80's nor for longer than a month.

[ChartBuddy]

[ChartBuddy]

[Loozik]

$180 by next Friday, i promise.

This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know.

Can you postpone your promise by 10 - 14 days?

[ChartBuddy]

[Tzupy]

$180 by next Friday, i promise.

This is going to be a terrible news for me if you fulfill on your promise. I want to buy back at double digits you know.

Can you postpone your promise by 10 - 14 days?

LOL. Don't feed the trolls, please. 
The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.
But it's too early to tell when this will happen, just keep your eyes on the market. Could be 10 - 14 days as you mentioned.

[Loozik]

The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.

Can you post a mock-up chart of how you predict it happening?

[ChartBuddy]

[Tzupy]

The best time to buy back will be after 2 strong downward sub-waves, in order to profit from the fake return to bull market.

Can you post a mock-up chart of how you predict it happening?

I don't predict it, EW theory predicts it, and it happened before between about 9th to 21st June.
But I can't predict how this will unfold now, under different market conditions.
It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.

[Loozik]

EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.

I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.

[Tzupy]

EW theory predicts it [...] It's followed by the 5 downward sub-waves that lead to total capitulation, most blood in the streets, and time to buy back.

I do not see the prediction on your chart. Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.

Sorry, I don't use tradingview. And I didn't paint a prediction on the chart, I asked you to just look at the 9th to 21st June interval, that's wave B of the previous bubble period.

[phatsphere]

Can you use tradingview and paint those subwaves on a chart? I am interested to know what these waves would look like.

tradingview shows them on it's own, just enable them, they are called "Elliott Wave".

[ChartBuddy]

[Wekkel]

This is the moment for a bet all-in.

[phatsphere]

I sold about 500 above $121 yesterday, it was the right thing to do.

… please keep up posted about your short.

[byronbb]

Quite the pop on no volume.

[johnmatrix]

it has been very calm, low volume, low sales, lets see what will happen next.

[adamstgBit]

stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating...

[justusranvier]

That chart is really terrible.

It's not obvious at first glance that Mt Gox still represents a majority (>50%) of trades in BTC terms.

[byronbb]

stop comparing the volume we saw on a 60% move down while mtgox had 80%+ market share, to todays volumes, its just bad speculating...