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

[derpinheimer]

Jaroslaw my PM wont send, please place the wall at 400 on Gox. Start it small.

Thank you.

[HairyMaclairy]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

[derpinheimer]

It was. I called it 2 hours ago. And I'm always right, hence my infinite riches. And the fact I still have fiat on Gox.

[OldGeek]

Hmmm.  BTC-e back up.  My 500 bid might get filled tonight.

[creekbore]

Hmmm.  BTC-e back up.  My 500 bid might get filled tonight.

Not if my $501 doesn't

[derpinheimer]

Hmmm.  BTC-e back up.  My 500 bid might get filled tonight.

Better move that bid down buddy.

[billyjoeallen]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

For me, catching the falling knives is the easy part. It's knowing when to throw them back that's hard. Resistance at ~$500 has been tested twice, and held up under extreme conditions. This is the range we are in unless some other factor comes into play.

[podyx]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

For me, catching the falling knives is the easy part. It's knowing when to throw them back that's hard. Resistance at ~$500 has been tested twice, and held up under extreme conditions. This is the range we are in unless some other factor comes into play.

u mean support??

[derpinheimer]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

For me, catching the falling knives is the easy part. It's knowing when to throw them back that's hard. Resistance at ~$500 has been tested twice, and held up under extreme conditions. This is the range we are in unless some other factor comes into play.

u mean support??

He lives in the future. This is after the Great Bitcoin Crash of February 19th, and the recovery from $12.62.

SPOILER ALERT: It never breaks that $500 barrier.

[HairyMaclairy]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

For me, catching the falling knives is the easy part. It's knowing when to throw them back that's hard. Resistance at ~$500 has been tested twice, and held up under extreme conditions. This is the range we are in unless some other factor comes into play.

We have gone to $100 on two different exchanges this week. I hold no confidence in 500 or any other number.  

[OldGeek]

Hmmm.  BTC-e back up.  My 500 bid might get filled tonight.

Better move that bid down buddy.

You could be right.

[billyjoeallen]

I'm hoping 588 is not a bull trap.  It's ok though it's just one position of many. 

For me, catching the falling knives is the easy part. It's knowing when to throw them back that's hard. Resistance at ~$500 has been tested twice, and held up under extreme conditions. This is the range we are in unless some other factor comes into play.

We have gone to $100 on two different exchanges this week. I hold no confidence in 500 or any other number.  

confidence and profit usually are mutually exclusive.

[podyx]

we bounced on high volume and now going down on low volume

maybe its safe to say we are going up from here?

[OldGeek]

Seems to be a lot of sell pressure on the western exchanges.

[podyx]

Seems to be a lot of sell pressure on the western exchanges.

indeed but still low volume meaning not many people are selling cheap?

edit: 250 coins to 582 now..

[billyjoeallen]

Seems to be a lot of sell pressure on the western exchanges.

Are you worried that you'll get your cheap coins faster than you wanted to?  

[OldGeek]

Seems to be a lot of sell pressure on the western exchanges.

Are you worried that you'll get your cheap coins faster than you wanted to?  

Nope.  Just an observation.  Cheap is relative.

[HairyMaclairy]

I see two outcomes here.  We bounce around 600. Or Gox takes us into the abyss. I don't know which is more likely but the second concerns me.

[creekbore]

The US East coast is going to wake up in 4 to 5 hours and which way they jump is going to decide just how bloody this weekend gets.

I've said it before, kudos to Risto, he called the date for a major correction/capitulation weeks ago.

[surfer43]

The US East coast is going to wake up in 4 to 5 hours and which way they jump is going to decide just how bloody this weekend gets.

I've said it before, kudos to Risto, he called the date for a major correction/capitulation weeks ago.

Us easterners are panicky eh?