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

[Jamievs]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

[joesmoe2012]

Panic sell is my guess

[ajax3592]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

US will shit their pants and sell all they got  

[gandhibt]

Bought back my solded 50 BTC at avg 590 (70 BTC). Maybe we bounce from here. Stamp.

[Pooyan]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

D) All of the Above.

[NamelessOne]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

I feel we still have some downwards movement left to go so panic selling may be in order. This currently feels like another bulltrap. We will see.

[pdawg]

if Citibank or BofA says fair value is 1300, they have an agenda.   They are buying on the way down.  This is a correction not a crash.

[Davyd05]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

I feel we still have some downwards movement left to go so panic selling may be in order. This currently feels like another bulltrap. We will see.

but dat push for 700 doe.. we'll see how long we can sustain this bounce.

[OldGeek]

btce only has about 8300 coins to sell at these levels.  So, may be at a low point.  For a while?

[pdawg]

on the 3 min chart look for 3 legs of buying up, if so we may have put in a bottom

[Jamievs]

I'm curious about what is gonna happen when the US wakes up. Will they
a) Panic sell even more
b) Buy all the cheap BTC
c) Do nothing

I feel we still have some downwards movement left to go so panic selling may be in order. This currently feels like another bulltrap. We will see.

but dat push for 700 doe.. we'll see how long we can sustain this bounce.

I can't tell about other exchanges, but what I see on bitstamp is that the trading volume is very low and the price is very easily manipulated at the moment. A lot of 0.x BTC trades, which makes me guess bots are trading with each other at the moment 

[Vigil]

I sold back too soon.

[Davyd05]

on the 3 min chart look for 3 legs of buying up, is so we may have put in a bottom

Gox dollars might help those legs appear. If some feel that they have too much in Gox dollars vs btc you could see the shift back into btc and this raise is assumed by the bullish. However I don't know how bearish some are feeling and waiting for the next higher exit point in the 750-850 range.

[11ams]

on the 3 min chart look for 3 legs of buying up, if so we may have put in a bottom

We've seen quite a few '3 legs up' on this correction, no bottom yet...

edit: although this seems to have some momentum.

[Davyd05]

no bottom here, just a small bull trap.

very well could be. we'll see I think it would appear in the 750-850 range

[pdawg]

2 of 3 legs up so far....

[pdawg]

on the 3 min chart look for 3 legs of buying up, if so we may have put in a bottom

We've seen quite a few '3 legs up' on this correction, no bottom yet...

Not on the 3 min, not for a while.....

[windjc]

Dat weekend dip 

lol

[traderCJ]

Looks like a bot run amok, haha.  I'm betting bad news + people running for the hills + people cashing out to buy lower + bots are going to make this a real headache.  Can't help but chuckle.  Well hopefully this will scare all the pussies away for awhile.  The trolls wanted cheap coins, well here you go kids.

Sooooo .. this takes us back (price wise) to 11/18 or so.  Not even a month ago.  Heh.

[Bitcoines]

nice bull trap here or what?

 smells like it