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

[mah87]

I repeat: NO MORE FUEL ====> CRASH INCOMING !!!

[derpinheimer]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

This has always been the case, a few mid-sized big whales dumping and trying to cause panic to buy back lower. It was very successful with goxlag and ddos before. But with slim ask side,its having less effect. Although here,due to big run up,it did cause big distortion in price. Like i said it will be back up in no time as there is no ask filling in.

What a prophet, no one else saw that coming.

Of course its going back up, just like SR, and just like... eh, what was the other panic over? Oh yeah, debt ceiling.

10k of sells gets counteracted by a 100BTC buy, then people stop selling. Then the bidwalls pop up, and the price goes right back up. Same thing every time. Gox lag is a thing of the past. If someone wants to panic to re-buy, they need more coins than this. And thats why this is not manipulation but rather someone offloading, and others panicking because of low depth causing huge slippage.

Whether or not someone else sells later? Who knows.

Did Btc-China "crash" first or Gox?

Gox led 100%.

Look at your right, there is no ask filling in, it will slice back again in the 225 in a few hours. This is just an attempt to cause panic and buy back lower.

Sounds like nonsense. There has been no depth on either end for awhile. People panic.

Not everything is some manipulator.

crashing is the best way to really see how good support is, i see strong support. good chance we rally higher tomorrow.

i'm going to lol very hard if my bid is filled when i wake up tomorrow

Dont confuse irrational behavior as support.

[Walsoraj]

"Blessed are the sleepy ones, for they shall soon nod off." -Walsietzsche

mwahahaha 

[Sitarow]

[Walsoraj]

Dont confuse irrational behavior as support.

In a market as speculative as bitcoin, both support and resistance are the result of purely irrational gut instincts.

[derpinheimer]

Dont confuse irrational behavior as support.

In a market as speculative as bitcoin, both support and resistance are the result of purely irrational gut instincts.

Sure, all I mean is that someone selling down to prices that are clearly unwarranted is irrational, so do not confuse that as support. If bad news came out, then real supports are tested.

[Walsoraj]

Here's the deal. If we do not crash to double digits within 24hrs, I will become Ultramegabulltron 3000. My irrational optimism will dwarf anything you have seen from Adam.

[gizmoh]

Its good to have support tested, climbing higher will be less scary now. Sorry bears no crash for now.

[molecular]

my bitfinex long was so close to being closed there scary...

that would've been good for the lenders that have money stuck in loans

[windjc]

Here's the deal. If we do not crash to double digits within 24hrs, I will become Ultramegabulltron 3000. My irrational optimism will dwarf anything you have seen from Adam.

I highly doubt this. But I will say that if we continue to grow from here and this happens a few more times and we continue to grow from there, it will be very bullish. This market lacks confidence from April. Everyone waiting for it to implode. If people start to think it won't, then we might experience some exponential growth in the next few months.

[molecular]

Here's the deal. If we do not crash to double digits within 24hrs, I will become Ultramegabulltron 3000. My irrational optimism will dwarf anything you have seen from Adam.

Oh wow!

Can't wait.

And no: we wont crash do double digits.

[gandhibt]

Damn that was fast, i was sleeping and had alarm... Did manage to sell @215 and buy back @205 in the second wave down. Got almost the loss back from earlier today. But, that support! We're going to the moon, that's for certain after this!

ps. Now I can go back to sleep

[molecular]

looks like the coastal line of Norway around Bergen.

[molecular]

Its good to have support tested, climbing higher will be less scary now. Sorry bears no crash for now.

+1 exactly. However, we might yet crash a little lower. Also: Americans have not woken up yet.

[mah87]

Damn that was fast, i was sleeping and had alarm... Did manage to sell @215 and buy back @205 in the second wave down. Got almost the loss back from earlier today. But, that support! We're going to the moon, that's for certain after this!

You are going to 250 then CRASH!

[adamstgBit]

looks like the coastal line of Norway around Bergen.

beautiful!

[Sitarow]

[derpinheimer]

Here's the deal. If we do not crash to double digits within 24hrs, I will become Ultramegabulltron 3000. My irrational optimism will dwarf anything you have seen from Adam.

Oh wow!

Can't wait.

And no: we wont crash do double digits.

NONSENSE, my bids are at 88. I've not once placed an ask or bid without the price coming to that level at some point.

[Nemesis]

Here's the deal. If we do not crash to double digits within 24hrs, I will become Ultramegabulltron 3000. My irrational optimism will dwarf anything you have seen from Adam.

They dropped you as a baby didn't they?

Seems like you're dropped if you took that seriously

[molecular]

Damn that was fast, i was sleeping and had alarm... Did manage to sell @215 and buy back @205 in the second wave down. Got almost the loss back from earlier today. But, that support! We're going to the moon, that's for certain after this!

You are going to 250 then CRASH!

We'll see these corrections (not "crash", that's the wrong word, really) from time to time on the way up, just like in february '13. This is just part of the game and can be taken advantage of if one is good at timing them.