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

[chessnut]

HOLLAR OUT TO ELLIOT WAVE ANALYSTS

y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.

3200 is critical on Huobi. if we break that level, it is highly bullish.

 

So what excuse do you have that your TA hasn't made you a millionaire yet? All you people who believe in their own TA nonsense have one. What's yours?

The PBOC China statement was an enuxpected event that had a binary outcome on the market. This has happened many times over history, an unexpected binary event. these events unfold in natural ways because they are not controlled or prepared for. Their nature is unpredictable, so I couldnt sell at the top, but EW analysis, the study of these naturally unfolding forces lead me to believe that we hit a bottom at 465 and I bough at 475.

I dont need an excuse you stupid budgie. Im making big bucks right now on leverage.

and whats your excuse?

 

 

[chessnut]

Elliot wave analysis is bound to fundamentals and sentiment. other methods of TA do not cater for this, but only go hand in hand.

[droptable]

this may be the only thread thats gets shorter and shorter, every time i hit F5.

[JayJuanGee]

I just feel sorry for Jorgi.

With the Chinese exchanges most likely shutting down and/or moving elsewhere, he'll need to find a new, unimportant, meticulous, and painstaking data and stats hobby now that there will be no information about when the fucking Chinese people sleep.

Going to be a bear market for Jorgi and his misguided fact checks.

Yes, sniff sniff.   And no more Chinese Slumber predictions.  

Perhaps I can still use the method to predict the number of pages in this thread.  

You will have to figure out some kind of new Quackery system to maintain your relevance and your current notoriety on this thread.

[cAPSLOCK]

HOLLAR OUT TO ELLIOT WAVE ANALYSTS

y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.

3200 is critical on Huobi. if we break that level, it is highly bullish.

Well here comes try #1.

[seriouscoin]

Check this out: https://bitcointalk.org/index.php?topic=178336.msg1858465#msg1858465

See anything similar?

[TERA]

Anyone else watch this just for entertainment?

[FullLife]

Anyone else watch this just for entertainment?

That depends, what am I looking at?

[TERA]

Anyone else watch this just for entertainment?

That depends, what am I looking at?

LTC/CNY on okcoin,  where supposedly half of all litecoins are traded daily.

[cAPSLOCK]

HOLLAR OUT TO ELLIOT WAVE ANALYSTS

y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.

3200 is critical on Huobi. if we break that level, it is highly bullish.

Well here comes try #1.

*Bink*

[chessnut]

HOLLAR OUT TO ELLIOT WAVE ANALYSTS

y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.

3200 is critical on Huobi. if we break that level, it is highly bullish.

Well here comes try #1.

*Bink*

Big order at this level on stamp. (relatively)

[TERA]

Looks like 3200 was a trap. You could see there was too much resistance and it expended most of the volume from the previous spike before it even got there.

[chessnut]

yup lots of big orders I saw around that level. but it needs time to tell. Though I think this does mean that the wall that was placed there many hours ago is gone. maybe sold to market.

[windjc]

Looks like 3200 was a trap. You could see there was too much resistance and it expended most of the volume from the previous spike before it even got there.

465-475 was a BIG support level with the 300 EMA. But this bounce is on small volume. Everyone of the bounces lately have been enemic.  The bears gave the bulls every chance in the world to breach $620. And the bulls didn't even try.

Meanwhile, the bears got bored and dropped us 20% on "rumors". If and when those rumors get confirmed on the exchanges I don't see the bulls putting up a fight until $400ish. I could be wrong, but the buyers are just not around right now.

[seriouscoin]

Looks like 3200 was a trap. You could see there was too much resistance and it expended most of the volume from the previous spike before it even got there.

465-475 was a BIG support level with the 300 EMA. But this bounce is on small volume. Everyone of the bounces lately have been enemic.  The bears gave the bulls every chance in the world to breach $620. And the bulls didn't even try.

Meanwhile, the bears got bored and dropped us 20% on "rumors". If and when those rumors get confirmed on the exchanges I don't see the bulls putting up a fight until $400ish. I could be wrong, but the buyers are just not around right now.

Well less ppl leaving funds in exchanges after the MtGox fiasco, plus traditional bank wiring is too slow.

Meanwhile, moving btc is almost instant.

[TERA]

Looks like 3200 was a trap. You could see there was too much resistance and it expended most of the volume from the previous spike before it even got there.

465-475 was a BIG support level with the 300 EMA. But this bounce is on small volume. Everyone of the bounces lately have been enemic.  The bears gave the bulls every chance in the world to breach $620. And the bulls didn't even try.

Meanwhile, the bears got bored and dropped us 20% on "rumors". If and when those rumors get confirmed on the exchanges I don't see the bulls putting up a fight until $400ish. I could be wrong, but the buyers are just not around right now.

And look at emptystamp!

[seleme]

Both drop and bounce were on pretty low volume, I didn't see lot of wish to sell below 500 last night too, not more than 5-6k coins were sold below $500 on Bitstamp.

But if China news are confirmed true than we'll surely visit that again, specially if bounce is blocked at these levels. I guess 400$ will hold, we'll see. I'd be happy to buy at 400$ even if it doesn't, it would bounce there fast.

If China news is proved false than we might have seen bottom and are close to trend reversal.

[chessnut]

Looks like 3200 was a trap. You could see there was too much resistance and it expended most of the volume from the previous spike before it even got there.

465-475 was a BIG support level with the 300 EMA. But this bounce is on small volume. Everyone of the bounces lately have been enemic.  The bears gave the bulls every chance in the world to breach $620. And the bulls didn't even try.

Meanwhile, the bears got bored and dropped us 20% on "rumors". If and when those rumors get confirmed on the exchanges I don't see the bulls putting up a fight until $400ish. I could be wrong, but the buyers are just not around right now.

question; do bulls buy or do bears buy?

If I was a bull and wanted to buy, I wouldnt pay 620 even if I was offered the chance, because I could buy at market price of 520. bulls and bears are mythical creatures. more often than not, bears buy, and bulls sell. Bears fight for lower prices, Bulls fight for higher prices.

The person who drives the price to 620 will do so not out of choice.

[GameStarter]

2K coins to go to 466$ on Stamp, pretty scary.

[koryu]

what confuses me is, that the volume specially on chinese exchange was bit low for a bottom.

anyway some of my bids triggered, on ltc i hit the "bottom" exactly and also could grab some cheap btcs.  and now? i think its too risky to sell and hope for cheaper prices.