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

[chessnut]

This is set to consolidate for another whole day.

If it breaks 540, Im gonna get really excited because I see that as a reversal. This will be just like October 2nd, closure of silk road.

[cbutters]

Everyone... if you don't know how to trade... please hodl.... I have been taken to the cleaners just now trying to trade... I'll be ok, but just buy on dips.

[Dr. LY]

Is the retrace over already? 

[GameStarter]

Is the retrace over already? 

Probably a W coming

[vleroybrown]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

[chessnut]

Is the retrace over already? 

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

[seleme]

Is the retrace over already?  

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer  

Though I almost agree with him. WOn't give any bold statements and it might go down from here again but I can smell trend reversal coming soon. I don't see lot of interest of selling under 500$.

[JayJuanGee]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

[chessnut]

Is the retrace over already? 

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer 

Seleme, you always misunderstand me. dont mock me. I talk in probabilities, when I note the market is changing, it has strategical significance, not always long term weight. I never knew there was going to be chinese FUD, and yet I sold spontaneously at 577 because I was flexible enough to change as the market changed. dont follow my advice if you dont understand it.

[vleroybrown]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar u lucky SOB..

[seleme]

Is the retrace over already? 

If you want my advice, this retrace will not be over for many hours if not days, and even forever.

Today was an exercise in picking bottoms for longs. not a good day for opening shorts.

Dr. Ly, if you ask me, ask chessnut about that tomorrow. You might get completely different answer 

Seleme, you always misunderstand me. dont mock me. I talk in probabilities, when I note the market is changing, it has strategical significance, not always long term weight. I never knew there was going to be chinese FUD, and yet I sold spontaneously at 577 because I was flexible enough to change as the market changed. dont follow my advice if you dont understand it.

I don't mock you mate, chilling a bit  . Though I don't like TAers who change their mind on such short terms as you do.

I've added this to my post:

Though I almost agree with him. WOn't give any bold statements and it might go down from here again but I can smell trend reversal coming soon. I don't see lot of interest of selling under 500$.

[JorgeStolfi]

And, for those who did not like either my bullish or my bearish predictions, here is the Chinese Slumber Method prediction.  Since the Chinese did not sleep last night, the last data point (3126 CNY) is invalid (W practically zero). So the Method says to stick to the previous trend, which predicts 3667 CNY on Huobi and 600 USD on Bitstamp by Friday March 28 19:00--19:59. 

[adamstgBit]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar..

magic 8 ball works better.
i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"



and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure



so there you have it!

[RHCwebhosting]

http://i.telegraph.co.uk/multimedia/archive/01001/traders_1001067c.jpg

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

[adamstgBit]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar..

magic 8 ball works better.
i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"



and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure



so there you have it!

now lets try "will bitcoin go the moon?"



it works it really works!!

[vleroybrown]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar..

magic 8 ball works better.
i did what the site said, i contrasted very hard on the question "will bitcoin go into the 300's"



and the first answers wasn't exactly conclusive... so i asked again just to be absolutely sure



so there you have it!

now lets try "will bitcoin go the moon?"



it works it really works!!

Losing MY MIND!   HAHA

[spooderman]

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

yes because guise like the ones in that picture tend to do things on a very long term basis :|

This capital gainz thing is a pain, it's gonna take me ages to work out how much I need to pay to keep the gang away from me.

[billyjoeallen]

There's always this sharp rebound when the price enters a new area (breaks a support level) and goes down hard due to a thin order book area. It is as if the price is trying to deny that it went there and say that the drop was due to a glitch.  Eventually it falls back down.

As long as it doesn't crash far enough to trigger a margin call before I can sell everything I own, I can live with that.  This four month nightmare has to end sometime, and I can't take it with me when I die.

[JayJuanGee]

loving the volatility as anything else seems unhealthy in Bitcoin markets!  Still waiting for that dip to the 3s to buuuuuyyyyyy!!!

It seems very likely that you are gonna be waiting for a while, and such dip into the 3s may NOT happen... buen suerte

Yeah may I borrow your crystal ball pls!  I wanna buy moar u lucky SOB..

Surely, each of us in this thread come to varying conclusions about the probabilities of one thing happening or another thing happening, and some posters will have better abilities with these predictions.  I certainly am NO expert, and my comment reflects my pessimism that we are going to get into the 300s... Three weeks ago, I believed that we would NOT get into the $500s and about a week ago, and even a few days ago, I was pretty pessimistic about the possibility that we would get into the $500s - actually, I believed we would NOT get below $530.   

So, I do NOT have any specific insight concerning the direction of BTC.. yet my comment reflects my sentiment.  If I wanted into BTC, I would NOT wait until $399.  I would likely buy in increments, including buying today. 

However, it sounds as if you have a different buying strategy.  So for example, if you already bought a bunch of BTC at lower prices, then you may be willing to wait for $399 or whatever your buying point happens to be.  Currently, my next buying point is at $460-ish, if the price gets there in the next 24-48 hours.  However, if the price shoots up to $550 and then back down, I may buy again at $500.  So, each of us may have our own strategy, and certainly, I am NO expert...especially regarding your own situation.

[bull1692]

http://i.telegraph.co.uk/multimedia/archive/01001/traders_1001067c.jpg

Investors panic as Bitcoin is only up +8000% in 2 years instead of +11000%
 

Gold, sir.