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

[magicmexican]

stamp dumping again, maybe panic this time to 400$?

[sonofliberty]

Dat price.

[T.Stuart]

stamp dumping again, maybe panic this time to 400$?

Starting to think the panic's over. Slow double bottom at 430-440 I reckon.

[Erdogan]

Beginning to think the whole run up to 1k was due to gox shenanigans.

Excellent. Can you get other people to believe this aswell?? That would be great, thanks

I do. Absent the gox fiasco, we are on a slow upwards trend that started in the summer 2013.

[Erdogan]

I still do NOT understand what incentive PBOC has to clarify the rumor.. Maybe in a week by 4/7 they may feel they need to clarify the rumor is NOT true.. .or if it is true.. which portion and to what extent..

If the rumor is false, I don't see why they would not deny it on Monday (last time they denied it on the same day, IIRC).

If it is true, the "confirmation" would consiste in them sending the order to the banks and the banks blocking deposits on the exchaneg accounts.  That may take a bit longer, but since the deadline is April 15, and the report has been leaked, they may want the deposits to be blocked starting tomorrow already.

If the report is true, perhaps it was leaked beforehand so that some big arbitrage traders or investors could have time on Friday to move enough CNY into the exchanges to buy all the coins that will be dumped by common clients.

Now I see, you really do have a plan.

[GaliX]

stamp dumping again, maybe panic this time to 400$?

Starting to think the panic's over. Slow double bottom at 430-440 I reckon.

I don't think we reached a basement we could fall back.

I guess 400 or 375 could be something we meet before getting into a up-trend again.

just take a look at the 1h Candles. we dropped too fast and this was just a correction of it.

[Walsoraj]

This was an insider dump. The real panic of the masses awaits.

[T.Stuart]

stamp dumping again, maybe panic this time to 400$?

Starting to think the panic's over. Slow double bottom at 430-440 I reckon.

I don't think we reached a basement we could fall back.

I guess 400 or 375 could be something we meet before getting into a up-trend again.

I think it depends on China news. The FUD lead up has now been priced in. If the news is clearly negative then yes. If anything else then I think we are more or less at the bottom.

[Erdogan]

I wonder why there was no volume and no price chang on Saturday, and so much of it today.  Perhaps:

* All active traders get the rumor on Thursday or Friday.  By Friday night all the pessimists among them have sold.

* Nothing changes on Staurday, so no trading.

* The Sunday morning newspapers carry the rumor.  The occasional and week-end traders finally get it, and the pessimists among them start to sell.

all active traders are bots, and bots do not read newspapers. Bots placing sale/buy orders when they got sale/buy signals.

And the bot owners can't do anything, because they are slaves of their master bots.

I'm lost  here .... what you talking bout, cryptocrathy or inslavery of humans by bots. Ether way it sounds real cool.

<irony> I forgot to use the irony tag.

Do you really think that the bots are autonomous?

[klopper]

Looks like a double bottom to me!  

[mah87]

Did IRS KILLED bitconi ?

[GaliX]

Looks like a double bottom to me!  

definitely the right one.

 

[jonoiv]

Chinese traders will be waking up soon, and I reckon there would be less than normal holding over the weekend.  There is bound to be some sort of mini rally in 2 - 3 hours.  Even if it is short lived.   We will get close to $500 again,  after that, who knows.  

[chessnut]

Looks like a double bottom to me!  

I could sure take a trade over that.

[hailtopitt]

http://s3.favim.com/orig/45/ass-beach-bikini-girls-sexy-Favim.com-401914.jpg
Looks like a double bottom to me!  

YES!  Much tan.  Such nice!

[Aki4real]

Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.

I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...

My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet). 

I've bought some at 500 some time ago.. bought another few at 470..
will stop buying now until we hit 400. Of course i'd like to see an (hard) uptrend soon

So it sounds as if your average buy-in price is below $500... Accordingly, you are in pretty decent shape... even though the circumstances may seem a little dire at the moment. 

My average buy-in price is currently at $662 (including transaction fees), yet I am NOT going to lock in any losses by selling b/c I am fairly confident that we will return to above my average buy-in price.. maybe by no later than end of April or maybe in May? 

In any event, even though I am nervous, I am not too worried, yet.

I agree that your average price is not too high, we should surpass it in a month.
If you are in long-term you should have no problem ending in profits (imho)

[BBmodBB]

Did IRS KILLED bitconi ?

no i doubt it lolll

[ChrisML]

BUY BUY BUY

[ustone]

BUY BUY BUY

WHY?WHY?WHY?

[ChrisML]

BUY BUY BUY

WHY?WHY?WHY?

Cheap coins, dah.