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

[Drabla]

Maybe i am completely wrong for not selling, but i am just not feeling it, too much resistance and not enough grounds for a panic.

[TERA]

How are we supposed to crash with all these buyers, damnit.

[kurious]

How are we supposed to crash with all these buyers, damnit.

Well, someone just threw a million bux or so into a bear trap - unless they fancy 'double or quits' they better head back into their caves

[Tzupy]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

[tarmi]

Sure, and rpietila & friends have unlimited supply of bitcoins.

[kurious]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

Correct - but we haven't really needed the big guns yet, we want more of your coins - you can keep the gox bux

Good luck panic buying back!

[TERA]

What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? You can clearly see distribution occuring since the asks have balooned about 4 four fold in the past week. I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

[kurious]

What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.

[seleme]

11k to 700, 8k to 1000.

[TERA]

What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.

China started the dumping and gox has had a very delayed reaction. It's almost as if gox doesn't approve of the movement and wants to deny it. They tried for the longest time to maintain a support at 840 while not reacting at all to China dumps.

[kurious]

What's with all the theories that every drop is caused by some manipulation group? What if people just need to sell coins? I imagine there are a lot of chinese that want to get out now, for one, plus the rally just ended and everyone was at a huge profit.

Maybe you're right - but China is still over 5K and has been while this Gox action has been happening - so I am not sure it's them.

China started the dumping and gox has had a very delayed reaction. It's almost as if gox doesn't approve of the movement and wants to deny it. They tried for the longest time to maintain a support at 840 while not reacting at all to China dumps.

Better with the edit

I was looking at 5 days and was going to say they have been more steadily descending on that view, with gox looking decoupled and flatter.

However, the links are shaky and China has not been leading since last weekend - I think the gox price is looking fairly robust in the circumstances - but we will not know until Sunday is over which way it ends up.

[RAJSALLIN]

I predict we break down trhough support soon on high volume and then fall rather quickly.

Discuss

[Carra23]

I predict we break down trhough support soon on high volume and then fall rather quickly.

Discuss

Discuss what? Wait for a few hours and find out for yourselves.

[gandhibt]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.

[RAJSALLIN]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.

No worries rpeila will easily take him out with his energy shields and then real action with light sabers begins.

[ChartBuddy]

[Miz4r]

I predict we break down trhough support soon on high volume and then fall rather quickly.

Discuss

I don't know if it will be soon, but it is the next step that can be expected.

Perhaps it is expected a little bit too much?

[gandhibt]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.

No worries rpeila will easily take him out with his energy shields and then real action with light sabers begins.

Pietila is a little bug who burns without noticeable flame when big guns starts to blast

[TERA]

How are we supposed to crash with all these buyers, damnit.

Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.

There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.

No worries rpeila will easily take him out with his energy shields and then real action with light sabers begins.

Bears have not used their true power since 2011.

[prof7bit]

This thread's sentiment is turning bearish now? I will take that as a bullish sign.