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

[tarmi]

I'm starting to see this long term bearish trend coming.  This last bubble pop is somehow just different from before; the increase in price was just too fast... the the slower pop just makes this look more bearish.

+1

We didn't see a triangle after this bubble pop. We are just going to go down strong and hard.

it is going to be just like masterluc said - long and painful bearish downtrend.

[Vigil]

Hey, guys! I have an idea. Lets try to break $1000 for the third time in 36 hrs. Third time's a charm.

Is it just me, or does this guy sound desperate?

Maybe he bought at $1200

Sold at $1228. Bought at $610. Sold at $950. Why didn't I wait to sell higher? Because it isn't going higher until it goes lower. I am waiting for the retards to come out of their delusion and stop trying to buy up thinking they are headed toward $3000 any time soon. Anyone thinking we are still going higher is still under the euphoria of the mania that has burst.

when will you buy back if it is, out of some irrational reason, rising and rising ? @1000 ? @1100 ? @1200 ? ... never ?

 

It isn't going over that now. Don't you get it? That is what I am bitching about. There are about 1000 idiots in the world who are throwing their money at these insane prices because they think we are about to repeat what happened over the last 30 days, but it isn't going to happen. All they are doing is delaying the inevitable price decline so people like me who were smart and sold can't get back in for days. I would buy in at $900-925 and sell at $970 for a small profit, if it was profitable. It is not when Gox is taking $40 per trade.

These guys buying now are just going to be sitting on their BTC.05 for the next months waiting for it to return to $1000 or beyond, after they lost half of it in Gox trading fees.

[JimboToronto]

I'm starting to see this long term bearish trend coming.  This last bubble pop is somehow just different from before; the increase in price was just too fast... the the slower pop just makes this look more bearish.

You guys can see something bad in nearly everything. Non-exponential growth isn't automatically 'bearish'. Even if it went to $500 and hung out there for awhile, that's still not bearish, that's still incredibly bullish growth.

Thank you for instilling a little sanity and common sense amongst all the negative angst.

[alexeft]

Guys, difficulty just jumped up by 200 mil!!!  

[Vigil]

Sold at $1228. Bought at $610. Sold at $950. Why didn't I wait to sell higher?

That's a bad question.
The good question is why did you decide to sell at $1228 and not lower?

Why would I have sold lower? I sold before the initial burst when it went to $900 - I got out about 15 minutes before it burst at $770. I bought back in at about $700 and sold before the burst again at $1228. It was obviously not going higher, so why let my profits disappear?

[ardana123]

Everyone buy, Buy, BUY 

Make that price go up, Up, UP 

[Nemo1024]

Guys, difficulty just jumped up by 200 mil!!!  

November KnC hardware hit the market. I'll have less BTC to throw away, trading...  

[Nemo1024]

Sold at $1228. Bought at $610. Sold at $950. Why didn't I wait to sell higher?

That's a bad question.
The good question is why did you decide to sell at $1228 and not lower?

Why would I have sold lower? I sold before the initial burst when it went to $900 - I got out about 15 minutes before it burst at $770. I bought back in at about $700 and sold before the burst again at $1228. It was obviously not going higher, so why let my profits disappear?

Are you my antimatter twin?

[accord01]

I'm starting to see this long term bearish trend coming.  This last bubble pop is somehow just different from before; the increase in price was just too fast... the the slower pop just makes this look more bearish.

You guys can see something bad in nearly everything. Non-exponential growth isn't automatically 'bearish'. Even if it went to $500 and hung out there for awhile, that's still not bearish, that's still incredibly bullish growth.

Thank you for instilling a little sanity and common sense amongst all the negative angst.

Who is instilling sanity and common sense?  Look at the charts.  A double top at 1100-1200, china almost has a triple top.  Now a dead cat bounce to 900-1000 on almost no volume.  Preceding this was a 130-1000+ rally in about 40 days.  We are at the absolute top of the bounce right now.

[alexeft]

It was obviously not going higher

yeah, ok

Also if you are bear, everything is bearish - volume too low, volume too high, rally is too fast, growth is too slow, no movements at all

LOL!!!

[Vigil]

It was obviously not going higher

yeah, ok

btw yes, ~1200 was the obvious top for me too.

These guys are silly on here. They act like it takes a prophet to make basic guesses about where the market is going. When you make multiple attempts to get past $1250 and none of them succeed, you are going down. When a price shoots up 20 or 30% in a day (first burst), you are going parabolic and there will be a massive sell-off. How much is the question. But once it was possible to see the massive sell-off that lead to Gox freaking out, why keep your money in there to get slaughtered?

[MicroFi]

Who is instilling sanity and common sense?  Look at the charts.  A double top at 1100-1200, china almost has a triple top.  Now a dead cat bounce to 900-1000 on almost no volume.  Preceding this was a 130-1000+ rally in about 40 days.  We are at the absolute top of the bounce right now.

Are you seriously saying this still looks like a dead cat bounce to you?

[alexeft]

Guys, difficulty just jumped up by 200 mil!!!  

November KnC hardware hit the market. I'll have less BTC to throw away, trading...  

Pretty bullish, isn't it?  

[alexeft]

NOBODY HURT THE CAT!!! I'LL TAKE IT HOME!!! 

[fr33d0miz3r]

Weekly chart also agrees with me about a downtrend.

[Ivanhoe]

Weekly chart also agrees with me about a downtrend.

The daily disagrees.

[pickard]

Hey, guys! I have an idea. Lets try to break $1000 for the third time in 36 hrs. Third time's a charm.

Is it just me, or does this guy sound desperate?

Maybe he bought at $1200

Sold at $1228. Bought at $610. Sold at $950. Why didn't I wait to sell higher? Because it isn't going higher until it goes lower. I am waiting for the retards to come out of their delusion and stop trying to buy up thinking they are headed toward $3000 any time soon. Anyone thinking we are still going higher is still under the euphoria of the mania that has burst. That is all this is, that is why the nonsensical push three consecutive times in 36 hrs to go to $1000 - they really believe it is going higher when there are like 1000 people all blowing their money over and over again with expensive coins.

+1

[alexeft]

Guys, difficulty just jumped up by 200 mil!!!  

November KnC hardware hit the market. I'll have less BTC to throw away, trading...  

Pretty bullish, isn't it?  

If the price falls it's going to be painful for miners. Not even talking about ROI.

Nothing bitcoin is painful unless one overinvests! Don't you think?

[fr33d0miz3r]

The daily disagrees.

Look at MACD on daily.

And also, indicators on weekly chart give us stronger signals, don't they?

[fr33d0miz3r]

Most of the miners did overinvest. But if I'm wrong throw me the numbers.

I will buy their cheapest ASICs when the price falls to $10