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

[arepo]

The chart looks like two people stepped on land mines. Short sellers gotta wonder how many more are out there.

lol you're pretty transparent in your desperate attempts at arguing why the price would go up. It really shines through that you're in a bad big long position that you are looking to exit.

Have you even looked at the actual stats I shared a few posts back? Shorts are reducing their positions not adding. We are taking profit since we, unlike you, have a profit not a loss.

You're such a beta, I bet you don't even lift. Keep posting, btw, I'd put you on ignore for our pure stupidity but watching you loose money is too fun.

The massive bitfinex long positions have even increased, standing at more than 17 millions. During this drop nobody has covered. I guess they will go kamikaze style until they are margin called.

coupled with the bearish sentiment and indicators, this is a perfect indication of a solid long squeeze into capitulation which could finally mark the short-term bottom.

[Pruden]

The 0.01BTC/second sells keep on pounding

465 low just broken.

[mmitech]

2011 repeating ? will 2014 be the year of the depression ? I don't get what is happening but even if you try to explain it to me it just wont make sense...

If 2014 is a year of depression, it will be similar to 2012: Only 200% gain per year, ending the year at $2,000-$3,000 and bitcoin is dead as always.

I am almost sure (lets say 60%) that we will trade side ways with a feeling of a bear market to mid-end of April, I cant even imagine what the bottom will be, but if I would guess from looking in to the charts and how ast we came from a high of $710 to $466, I would say somewhere in the 300's but for some reason my guts tell me to not trade this...

I don know why but I am good with holding, I cant trade when there is fear...

[magicmexican]

400 incoming i guess

[N12]

Hehe, Bearstamp. Now it is them who are dragging down the Chinese. And over at Chinese forums, they'll be cursing us for it.

[arepo]

400 incoming i guess

will huobi follow? its ticker hasn't even tested its last low yet...

[EuroTrash]

Why is the daily volume still ridiculous if compared to 2011/2013 bottoms?  

[N12]

Why is the daily volume still ridiculous if compared to 2011/2013 bottoms?  

It's because you are looking at Emptygox data.

[seleme]

lol, bitstamb and huobi same

[EuroTrash]

Why is the daily volume still ridiculous if compared to 2011/2013 bottoms?  

It's because you are looking at Emptygox data.

OK it might as well be fake Gox volume for 2011. But for 2013 I am looking at Stamp data...

[UnDerDoG81]

Wow hard times! This time it really must be the end!






Not...

[ChartBuddy]

Explanation

[magicmexican]

Wow hard times! This time it really must be the end!






Not...

No, this time is for real

[arepo]

Wow hard times! This time it really must be the end!






Not...

No, this time is for real

it's neither, but with all the wannabe HODLers who bought in the past 4 months and have seen serious losses, and denial from folks like underdog, we're in for a loooooong squeeeeze.

[seleme]

Wow hard times! This time it really must be the end!






Not...

No, this time is for real

it's neither, but with all the wannabe HODLers who bought in the past 4 months and have seen serious losses, and denial from folks like underdog, we're in for a loooooong squeeeeze.

and that's different to previous situations, how?
BTW, what's looooooong for you?

[roslinpl]

I wasn't looking at charts from more than 24h -- and I must say it is not so baaad not very good ... but situation is under control IMO

[magicmexican]

This is depressing, probably should avoid the graphs for the next 2 weeks

[arepo]

Wow hard times! This time it really must be the end!
Not...

No, this time is for real

it's neither, but with all the wannabe HODLers who bought in the past 4 months and have seen serious losses, and denial from folks like underdog, we're in for a loooooong squeeeeze.

and that's different to previous situations, how?
BTW, what's looooooong for you?

haha i just meant a long squeeze. like, longs covering their position on the way down, exacerbating the trend.

i did also mean that this could be the tail end of a short-term downtrend and not play out in a massive capitulation event like in the past. a few indicators are showing unprecedented bearish signals, that is, unprecedented in bitcoin price history for this point in the bubble recovery cycle. so this time will likely be a little different than in the past, but certainly not the death of bitcoin

i am a little sad though, because i thought i could profit more from this movement in the litecoin market, but of course it picks now to decouple! i suppose bitcoiners are actually using it to hedge again. these are certainly strange times.

[ph111]

Will BTC recover ? if so how long and when ?

[seleme]

It's not big difference on litecoin than it was 3 days ago, 30-40 cents.