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

[wobber]

Short term memo: price going down. Next stop 600-610

[Jren]

Short term memo: price going down. Next stop 600-610

Thanks. Sold all my coins

[gandhibt]

Bounce target is 550-600 Euro. With an overshoot that could reach 10% more.
We have not seen the bottom yet.

btw. I allready bought back, very close to the bottom (@ 350 Euro). But I'll take profits the whole ride. Thanks weak hands.

how can you be so sure?

Because bitcoin is still overbought.
And I'm pretty sure, but I allways have a backup plan. If it goes up more.. that's ok. I'm never all in or out. But I'll manage my risks different. I won't ever make the biggest profits (virtual), but I take "real" profits and better profit allways small time, then once bigtime (with the chance to lose all).


Just ask yourself a few question:
Has the situation changed after the chinese news?
What's different?
Who is going to keep the price stable a higher levels?

Would you bet with your life, that we are going straight to a new ATH? Without further waterfalls? I wouldn't. And I simple don't bet on one horse.

im with you about the bounce, but im not so sure about new lows, we could easily low at 400-500 stamp

we might just witnessed this bounces top

[ChartBuddy]

[wobber]

Short term memo: price going down. Next stop 600-610

Thanks. Sold all my coins

Sell just 50% goddamit...

[Mirsad]

we might just witnessed this bounces top

There is still some power left. We need to go up 10-15% more, so we can crash harder.

[rpietila]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

[Ashitank]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

So Should I sell all the coins I have now ?

[Jren]

Short term memo: price going down. Next stop 600-610

Thanks. Sold all my coins

Sell just 50% goddamit...

No. And if i don't double my coins i'm going to blame you for everything.
 

[gandhibt]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

good call

[mmitech]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

you have no idea of what you are talking about, everyone took your advice is heavily burned, I would like to see a screen shot of your trades from your account at gox/stamp, this is the only way for me to believe that you really stick to what you say here in which is really really bad strategy ....

[Dragonkiller]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

credit where credit is due, your last couple of calls have been spot on.

[mmitech]

meanwhile this is an important news, that can make the price go up really fast http://www.cryptocoinsnews.com/2013/12/19/chinese-bitcoin-exchange-accepting-deposits/


deposits are back again, we need to confirm that from someone who has an account on a Chinese exchange.


edit: BTCChina and OKcoin still not accepting deposits

[Mirsad]

Fake news. But love it!
More idiots buy -> better bounce -> more profit

This is a part of the Cryptocurrency Investment Club by CryptoCoinsNews.com.

The want more buyers -> more pigs -> more profit

[accord01]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

meh I shorted it at around 585... this thing is ridiculously oversold the last 6 hours...

[Dragonkiller]

meanwhile this is an important news, that can make the price go up really fast http://www.cryptocoinsnews.com/2013/12/19/chinese-bitcoin-exchange-accepting-deposits/


deposits are back again, we need to confirm that from someone who has an account on a Chinese exchange.


edit: BTCChina and OKcoin still not accepting deposits

will probably be blocked again, china doesn't like bitcoin at all

[mmitech]

BTW, I am really amazed how can the price rise at this rate when Chinese can not deposit funds, and when you compare the price between USD exchanges and RMB exchanges there is at least $100 dfference, this only means that people understood the Chinese situation and they do not pay much attention anymore .....

[Dragonkiller]

BTW, I am really amazed how can the price rise at this rate when Chinese can not deposit funds, and when you compare the price between USD exchanges and RMB exchanges there is at least $100 dfference, this only means that people understood the Chinese situation and they do not pay much attention anymore .....

Loaded showed up with a suitcase full of cash to buy all the cheap bitcoins in china

EDIT: so I think btcchina should be even lower than it is right now

[mmitech]

BTW, I am really amazed how can the price rise at this rate when Chinese can not deposit funds, and when you compare the price between USD exchanges and RMB exchanges there is at least $100 dfference, this only means that people understood the Chinese situation and they do not pay much attention anymore .....

Loaded showed up with a suitcase full of cash to buy all the cheap bitcoins in china

this is the problem with Bitcoin market today, it is still so small community that people gives so many fucks about single individuals, when the community grows even more and the buy support become larger, such individuals wont effect the price that much, because when they try to dump/manipulate the market there will be tons of investors waiting for a sweet entry.... and they will get burned trying to manipulate that they will just quit doing it...

[damiano]

So now we go down ?