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

[Salivan]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

we will pay ?? to hell with that, it is great show, popcorn ready

[T.Stuart]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

we will pay ?? to hell with that, it is great show, popcorn ready

+1 

[segeln]

don`t Panic guys

[aminorex]

bitfinex is holding the btc market up now.  the stamp/bfx pair is currently the best vehicle for price stabilization.

[arepo]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

we will pay ?? to hell with that, it is great show, popcorn ready

+1 

haha you're obviously not a merchant trying to actually use bitcoin as a currency, or anything like that

like i said, sometimes i believe the crap about speculators being good for a market, but then again this bullshit happens with frightening regularity...

[wachtwoord]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

Or, we find out we were super-exponential all this time

[magicmexican]

6h and 4h StochRSI looks bad, altho not sure how good is it for predicting the future

[aminorex]

I feel I am being offered a last chance to sell my coins at 875.

[T.Stuart]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

we will pay ?? to hell with that, it is great show, popcorn ready

+1 

haha you're obviously not a merchant trying to actually use bitcoin as a currency, or anything like that

like i said, sometimes i believe the crap about speculators being good for a market, but then again this bullshit happens with frightening regularity...

Arepo can I ask in all seriousness... do you have a technical term for this kind of pattern?

[segeln]

6h and 4h StochRSI looks bad, altho not sure how good is it for predicting the future

No, it Looks good.Because we are oversold now and buying should beginn

[aminorex]

haha you're obviously not a merchant trying to actually use bitcoin as a currency, or anything like that

like i said, sometimes i believe the crap about speculators being good for a market, but then again this bullshit happens with frightening regularity...

Price of a unit is irrelevant to use as a money transfer mechanism.  It is premature to use bitcoin without a service provider.  In future bitpay et al will be disintermediated by software, but for now they get to play monkey in the middle,because yes, you are right, I finally admit it, the volatility is too much for direct use as a currency, and is likely to remain that way until the super-exponential growth phase has finished.

[mmitech]

Anyone knows about that new china taobao crypto ban? Could it be the cause?

no.

guys... this is what happens when we go parabolic above a trendline after a bubble. the same thing happened in April-May.

i hope all of the newer traders who were confused as to why i was unsettled by this weekends rally, and the multiple warnings of "we'll pay for this later" understand now.

yes speculators and daily traders may pay if this turns out to be true, but a long term holder wont be effected

[magicmexican]

I usually hang out in a small'ish community irc channel, and in times like this i tell em "bitcoin is dead".


And they always ask "Again?"

[Davyd05]

6h and 4h StochRSI looks bad, altho not sure how good is it for predicting the future

No, it Looks good.Because we are oversold now and byuing should beginn

Do you think SecondMarket and other btc funds are acquiring on dips and or in general not just solely off the exchanges

[alexeft]

I usually hang out in a small'ish community irc channel, and in times like this i tell em "bitcoin is dead".


And they always ask "Again?"

 

[aminorex]

do you have a technical term for this kind of pattern?

I would call it the bitch-slap pattern.

[segeln]

and is likely to remain that way until the super-exponential growth phase has finished.

It will take end of this year to be finished. Or even 2015 too.

[T.Stuart]

do you have a technical term for this kind of pattern?

I would call it the bitch-slap pattern.

That's perfect! Thanks! 

[magicmexican]

dat ltc spread

[mellowyellow]

Are you guys watching the same charts as me? That 'recovery' was led by Huobi. Btc-e picked up on the Huobi buys v quickly, with stamp begrudgingly dragging it's heals responding a minute later, meanwhile Gox just looked stunned.