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

[macsga]

Attention! Legit TA follows:

I DEFINITELY see a triple bottom.


THE ONLY WAY IS UP

[Dargumin]

Sold at 840...it rebounded back...so quickly rebought at 860.  Went for a nap, see the price at 740. Sold again.  Buy order at 495.  If it doesnt hit in the next couple of days I'm just cashing the rest out on localbitcoins.

[EuroTrash]

resistance is building up at bitstamp at 710.

that will make the new low go to 610, I suppose.

mmm.... dead cat bouncing off the stairs again  

[emanymton]

China going down slowly. Not sure if I should buy back or not  

Last crash played out over 2 days ( dec5-7 almost in to 8 ) however the low was hit about 24hrs from the first drop.. I sold at 870 had I waited 24 hrs I was laughing got back in much earlier and saved myself some stress but lost future profits.

With that being said analyze the information you have.. and find a re-entry point(at a gain and loss) that seems reasonable since I believe you already sold.
Either way you need to find a reason why you think the crash slides, drops or ends.

Yes I sold at the bottom @650 and would be happy if I only could get my coins back. I had 35 coins before I registered here in the forum. With listening to some people here I panic sold so many times. With a loss of 4 BTC´s. And now I panic sold again because people here were writing it is the end, adam was even crying. So I sold all at the bottom. Looks like its better to move the coins to a wallet and forget the forum here.

Just have some patients and you will get your coins back and then some...
This is just the first dead cat bounce

Agreed. I think the current price is close to the price Bitcoin would have had (following the trendline) if China had never entered the game. Price may get a bit lower, because people always panic a bit more than the situation warrants, but ultimately even if the price dips 100 dollars more, it would mean that all expectations of China will have been bled out of the system. Bitcoin can then continue to grow on with normal expectations restored.

I think we still have a ways to go down before all the china money has exited the system... rally started around $120 if i'm not mistaken?

[mmitech]

ok I think we will stay here -+50$ for few hours before the next move, will the price go up/down.... I dont know we will see about it

[RAJSALLIN]

definitely going to new lows. so bellow 540 @ Stamp

Discuss.

[mmitech]

already bought, I made 7.44 BTC profit, not bad....

[Nemo1024]

This thing is testing my resolve not to buy back at a minute loss from the previous averaged sell.
Wonder if I just should place a lower buy order and go to bed...

[Spaceman_Spiff]

http://www.zerohedge.com/news/2013-12-16/bitcoin-banged-bear-market-again-precious-metals-rise

I love how some zerohedge articles pull these correlations out of their ass.  

[jojo69]

I think this has another panic down leg in it yet

It's been so gradual so far, I don't even think we've reached the panic stage yet

It wasnt gradual at all @btc-e

enough with the btc-e

there is no money there

[freethink2013]

Can anyone link me up the new china crisis? There was something about no withdrawals  at btcchina. Interesting that this floor seems similar to the original china crisis floor on the 7th.

edit: http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

[jojo69]

getting a bad feeling about this

[spooderman]

Very obvious dinosaur pattern on the graph, looks bearish as hell.

Looks like the pattern i spotted was spot on. Do i win any bitcoins for predicting the future?

This is still my favorite post of the year.

[gandhibt]

already bought, I made 7.44 BTC profit, not bad....

I have 10 BTC unrealized profit now

[emanymton]

I think this has another panic down leg in it yet

It's been so gradual so far, I don't even think we've reached the panic stage yet

It wasnt gradual at all @btc-e

I'm talking about gox and btcchina, btc-e is sketchy as fuck as far as I'm concerned...

[gizmoh]

Can anyone link me up the new china crisis? There was something about no withdrawals  at btcchina. Interesting that this floor seems similar to the original china crisis floor on the 7th.

edit: http://www.coindesk.com/china-bans-payment-companies-working-bitcoin-exchanges-sources-claim/

I noticed that too around 3600-3700. Guess if that support is not broken, its way up from here.

[Nemo1024]

I made an interesting observation. If I just held fiat from the morning and didn't do any trade, then bought back about an hour ago, I would have made 10BTC.
As it stands now, I only made 3.
I look at it as an insurance that I secure BTC at lower price and don't botch the bottom (like I did the previous time, when I didn't place a buy order at 550 and then waited through 650 and 750, expecting a second drop).
Still, not making the full potential stings..

[Coma]

[crazy_rabbit]

getting a bad feeling about this

oh, just now?

[EFS]

Very obvious dinosaur pattern on the graph, looks bearish as hell.

Looks like the pattern i spotted was spot on. Do i win any bitcoins for predicting the future?

Kudos to this.