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

[Rampion]

@rpietila, back on board, or still waiting for cheaper coins?

He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.

And you should believe him; why exactly?

He did give up advance warning of his Saturday night sell off, which I'm equating with that well planned multi-exchange 10K sell off.

I don't think he's gonna time stamp it for us... but he's not all out.. so why is it people try to troll him as if he doesn't have the required BtC to reap the rewards of to the moon scenarios.

Ristos post are very much appreciated (especially in his "second era" on Bitcointalk). We just make a bit of fun because his last "famous prediction" was $300k per coin by the end of 2013, and he made that prediction during the bear market that followed the bubble pop on April, 10th.

It's kinda funny that his last bold prediction is precisely a bear market during a bull run. He might be right and this bubble popped too one week ago, but its not yet confirmed at all - in fact the price has climbed since he sold.

TL;DR: we are just having some healthy fun.

[gandhibt]

All rpietila coins are belong to us

I have to say that I don't feel so sorry about the rich who lose major amount of coins, but I do feel sorry for the poor who give up their few coins to the rich.

Daytrading Bitcoins is a dangerous game, and a completely reckless game during a bull market.

Most in here delude themselves by seeing their fiat profits going up, so they don't feel so bad by losing coins.

I'd say that:

a) more than 5 trades per month is reckless, considering the high fees + slippage.
b) the only good moment to trade is a bear market - and there's is no bear market ATM (this could change in the next days/hours, but I wouldn't bet on it).

+1, but I think there are short windows in bull market where you can make low risk profit by trading, but I'm not an advocate of daytrading. And yes this is not a bear market atm.

[gandhibt]

In past 24h there have been 12.1k bought and 8k sold in gox alone. That's +4.1k = +3 300 000 USD more money via gox alone. Where I could easily see these statistics from all major exchanges?

This is from bitcointicker.

[Mirsad]

In past 24h there have been 12.1k bought and 8k sold in gox alone. That's +4.1k = +3 300 000 USD more money via gox alone. Where I could easily see these statistics from all major exchanges?

This is from bitcointicker.

Bought and sold?
Trading coins are allways bought and sold. +4.1k coins? I think you logic is a bit flawed 

[gandhibt]

In past 24h there have been 12.1k bought and 8k sold in gox alone. That's +4.1k = +3 300 000 USD more money via gox alone. Where I could easily see these statistics from all major exchanges?

This is from bitcointicker.

Bought and sold?
Trading coins are allways bought and sold. +4.1k coins? I think you logic is a bit flawed  

You are right that it's not that black/white, you can always set ask and when it is filled this is considered "buying" when you could say that you sold. And btw. this is the best way to sell your coins vs market order (if you're not trying to start a panic).

So you can't directly say that's +3 300 000, but you can say that more trades are done from asks than from bids.

[rpietila]

It's back.

Last 24h price: down -3.8%.

It will break up any moment, where "any" is defined that 5x the money is needed compared to any previous breakout in Bitcoinhistory.

Still waiting

[gandhibt]

It's back.

Last 24h price: down -3.8%.

It will break up any moment, where "any" is defined that 5x the money is needed compared to any previous breakout in Bitcoinhistory.

Still waiting

yesterdays low was 747 and todays has been 790 at stamp...

[Wekkel]

The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.

Checking back after 7 hours: no big buying, signals still deteriorating.

[EuroTrash]

It's back.

Last 24h price: down -3.8%.

It will break up any moment, where "any" is defined that 5x the money is needed compared to any previous breakout in Bitcoinhistory.

Still waiting

Do you mean "up" as in this?

(sh*t I can't work)

[PrymeTyme]

if the actual indecision resolves itsway in favour of the bulls . ie. breaks out to the top , a momentum surge to the upside could be a potential result , with a rallie towards ATH
however there is also a chance of a range between pot. resistance 860 and pot. support 760 .. with 800 beeing the fair price..(800 is considerd fair as of now)

however a sign of strenght is that a former indecision (smaller TF) , was resolved to the downside . but price traded back .. ie pot. weakness was bought ! and that action is the current low @760

[Boxman90]

Daytrading Bitcoins is a dangerous game, and a completely reckless game during a bull market.

Most in here delude themselves by seeing their fiat profits going up, so they don't feel so bad by losing coins.

I'd say that:

a) more than 5 trades per month is reckless, considering the high fees + slippage.
b) the only good moment to trade is a bear market - and there's is no bear market ATM (this could change in the next days/hours, but I wouldn't bet on it).

That depends entirely on what your stance is.

If you are in it to make profit in USD (like 99% of this market is doing atm), day trading to get USD gains is perfectly fine. And I say, in a market where there's currently (and practically always) the looming danger that the value of BTC goes through half, securing FIAT profits is not that bad an idea.

If you are a utopian true believer in BTC, believing it will go to 1 million USD per coin no matter what, yeah obviously don't sell then.

[macsga]

@rpietila, back on board, or still waiting for cheaper coins?

He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.

And you should believe him; why exactly?

He did give up advance warning of his Saturday night sell off, which I'm equating with that well planned multi-exchange 10K sell off.

I don't think he's gonna time stamp it for us... but he's not all out.. so why is it people try to troll him as if he doesn't have the required BtC to reap the rewards of to the moon scenarios.

Let's make some things clear:
1. I'm not trolling rpietila.
2. I'm following his posts every day and I get precious info out of them.
3. I respect him and I also like his way of life (hoping some day I'll be able to imitate him).

On the other hand; I don't usually accept what people on a speculative forum thread like this are writing as per price predictions. I just don't. It's not wise, nor sane. People like us here are divided in 2 categories:

A. Those who are loaded.
B. Those who wish they were in the 1st category.

Speculation suggests a hunch, a pre-done mathematical approach, a statistical prediction if you wish. In any of the previous cases by ANY person who belongs in category A or B, there's no way someone is going to be 100% right. Especially with the Bitcoin. If you want to go along and trust anyone's predictions then go ahead and do it.

I just won't.

[fluidjax]

@rpietila, back on board, or still waiting for cheaper coins?

He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.

And you should believe him; why exactly?

He did give up advance warning of his Saturday night sell off, which I'm equating with that well planned multi-exchange 10K sell off.

I don't think he's gonna time stamp it for us... but he's not all out.. so why is it people try to troll him as if he doesn't have the required BtC to reap the rewards of to the moon scenarios.

I certainly wasn't trolling, the question was genuine interest, I too have respect for rpietila's opinion. I think the current position is on a knife edge, we could go either way.

[PrymeTyme]

@rpietila, back on board, or still waiting for cheaper coins?

He's made it clear when he plans to re-enter..why not just let him say he's re-entering himself if he deviated from his plan which I doubt he would do without some major revelation.

And you should believe him; why exactly?

He did give up advance warning of his Saturday night sell off, which I'm equating with that well planned multi-exchange 10K sell off.

I don't think he's gonna time stamp it for us... but he's not all out.. so why is it people try to troll him as if he doesn't have the required BtC to reap the rewards of to the moon scenarios.

I certainly wasn't trolling, the question was genuine interest, I too have respect for rpietila's opinion. I think the current position is on a knife edge, we could go either way.

true that !

but iam a lil bullished biased.. as of current action

[Coinseeker]

I think the tide is turning.  Lower highs, no really buying pressure.  Sentiment is turning and the warning from China all scream trend reversal.  Smart whales are likely seeing the same.  I say chances of a big dump are higher than breaking our ATH, let alone hitting $1,000. 

[lucas.sev]

There is also a chance that the holder of 2.5k wall at 900 buys it from himself and causes an euphoria

[PrymeTyme]

I think the tide is turning.  Lower highs, no really buying pressure.  Sentiment is turning and the warning from China all scream trend reversal.  Smart whales are likely seeing the same.  I say chances of a big dump are higher than breaking our ATH, let alone hitting $1,000. 

did i missed something ? .. whats up with china ?


however .. yes there is indecision at our hands ... and a resolve of that will gives us further insight..

[Cablez]

You guys crack me up.  A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances.  I am not saying its not going to happen but I will do as I have always done and react as quickly as I can when movements are made.  Maybe take your emotions off your sleeves?

[rpietila]

There is also a chance that the holder of 2.5k wall at 900 buys it from himself and causes an euphoria

Big holders have no use for euphoria atm, small users don't have BTC2,500. End of story.

But the tactic is in the book

[PrymeTyme]

You guys crack me up.  A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances.  I am not saying its not going to happen but I will do as I have always done and react as quickly as I can when movements are made.  Maybe take your emotions off your sleeves?

pretty easy strategy right now would be ..

bracket current highs / Lows .. (sell stop @low 758 / buy stop @high 856)

let it ride if executed (momentum) .. if it turns against your inital position give it room to correct till 50% ~800ish .. if that breaks get out and let the other trade on!