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

[ChartBuddy]

Explanation

[fonzie]

Bloomberg:

"The problem with the bank account ban for chinese bitcoin exchanges was just a translation error, sorry.
But the next ban will definitely be real, sóurces said!
No more excuses!"

[cbeast]

Rule of thirds may put us back to 384, but expanded volume will probably put us back at 510 until the next event. But really, how bad can any news get anymore? May China will get a second wind, or maybe Japan will get a divine wind.

[GaliX]

800 btc support wall at btc-e

rocket is fueled.

lmao.. a 800BTC bidwall is "a fueled rocket"?

There is a 6000BTC wall on Bitstamp. And even it doesnt mean much.

we have to stop being sad about the dropping price.

We need new moon stories to stop the depression!

[TwinWinNerD]

800 btc support wall at btc-e

rocket is fueled.

lmao.. a 800BTC bidwall is "a fueled rocket"?

There is a 6000BTC wall on Bitstamp. And even it doesnt mean much.

yeah, 800 BTC is like a drop of water on a hot stone!

PSHHHHHHHHHHHHHHHHHHH

[ustone]

800 btc support wall at btc-e

rocket is fueled.

lmao.. a 800BTC bidwall is "a fueled rocket"?

There is a 6000BTC wall on Bitstamp. And even it doesnt mean much.

we have to stop being sad about the dropping price.

We need new moon stories to stop the depression!

go short if you have no moon stories...who cares?

[JayJuanGee]

At $1,100: "BUY BUY BUY! Next stop will be $1,000,000 Bitcoins!"
At $450: "BUY BUY BUY! Next stop will be $10,000 Bitcoins!"

Let's see what the permabulls are saying at $350.

think we'll see 270 in the next weeks and if those constant negative news hold on a spike to 150 is not impossible...

$150 is more of a dream then $10k

its not the bulls who are in denial

its the bears

I would like to know: When are we gonna see $10K?  Are we gonna get there in a few flash crashes (upward) in 2015 and then maybe in 2016 or so, $10k will be the new bottom, and in $2017 $10k will be a distant memory of earlier years?  Or would you envision some other kind of scenario involving the $10K?  like further down the road? or earlier?

[JayJuanGee]

16k to $700,- 17k to $380,- where is the ask side? Lol. I guess some weak hands were shaken out

Maybe they sold all their BTC? 

[BitChick]

At $1,100: "BUY BUY BUY! Next stop will be $1,000,000 Bitcoins!"
At $450: "BUY BUY BUY! Next stop will be $10,000 Bitcoins!"

Let's see what the permabulls are saying at $350.

think we'll see 270 in the next weeks and if those constant negative news hold on a spike to 150 is not impossible...

$150 is more of a dream then $10k

its not the bulls who are in denial

its the bears

I would like to know: When are we gonna see $10K?  Are we gonna get there in a few flash crashes (upward) in 2015 and then maybe in 2016 or so, $10k will be the new bottom, and in $2017 $10k will be a distant memory of earlier years?  Or would you envision some other kind of scenario involving the $10K?  like further down the road? or earlier?

I think it could happen at the end of 2014 but I would think by 2015 for sure.  With the amount of money that is expected to be poured in by Wall Street in the fourth quarter of this year $10,000 should be quite easy to reach.

This is why we should not panic on days like today.  Just hold on for the ride and try to pick up a few more coins in the process.

[klopper]

DuoBTCle-BTCottom confirmed!

[cbeast]

I would like to know: When are we gonna see $10K?  Are we gonna get there in a few flash crashes (upward) in 2015 and then maybe in 2016 or so, $10k will be the new bottom, and in $2017 $10k will be a distant memory of earlier years?  Or would you envision some other kind of scenario involving the $10K?  like further down the road? or earlier?

Clients have to become extremely secure, easy, portable, and fool proof to use before their will be much adoption beyond enthusiasts and speculators. Bitcoin ATMs are a good step, but we also need better wallets.

DuoBTCle-BTCottom confirmed!

Haven't you heard? Double bottoms are out and triple bottoms are in.

[Walsoraj]

DuoBTCle-BTCottom confirmed!

Looks photoshopped.

Unconfirmed.

[dnaleor]

All that bearish sentiment. I get the same feeling as in the summer of 2013:



Keep calm and HODL

edit:

130 USD ~ 720-800 USD
65 USD ~ 400-450 USD

I thought we have already been there. This was the 400$ crash a few weeks ago. Now again?

I am not pretty sure but at this price I think it is either great to buy or great to sell. Very risky. BTC-e got back to 466...

the previous low of 400 USD was artificial. It was a flash crash and due to mt gox. This one is the real "FUD low". It is much slower.

[hailtopitt]

https://pbs.twimg.com/media/BGa1NwjCAAApRcE.jpg
DuoBTCle-BTCottom confirmed!

Such sexy!  Much firmness!  

[dnaleor]

This?

DuoBTCle-BTCottom confirmed!

or this?



That is the question 

[klopper]

This?

DuoBTCle-BTCottom confirmed!

or this?



That is the question 

Yeah, guess you might be on to something... this could turn into a:

[JorgeStolfi]

Chinese Slumber Method (non-)prediction for Monday March 31

We interrupt the advanced TA gallery to inform that today's Slumber Point was very unreliable (S = 0.014, W = 0.017) and way off the previous trend, so the Chinese Slumber Method refuses to give a prediction, even under advanced interrogation techniques.


Plot legend

Checking the previous prediction

Prediction was posted on: Sunday 2014-03-30, 00:41 UTC
Prediction was valid for: Sunday 2014-03-30, 19:00--19:59 UTC (~18 hours later)

Huobi's predicted price: 2987 CNY.
Huobi's actual price (L+H)/2: 2819 CNY
Error: 168 CNY (~28 USD)

Bitstamp's predicted price: 493 USD.
Bitstamp's actual price (L+H)/2: 456 USD
Error: 37 USD

EDIT: removed bogus "Bitstamp prediction is" line

NOTE: The last two squares show that the method can predict tomorrow's price fairly accurately, it just can't predict tomorrow's date.

[rebuilder]

/\

How many accounts have you made here by now?

[cAPSLOCK]

DuoBTCle-BTCottom confirmed!

[BBmodBB]

DuoBTCle-BTCottom confirmed!

butcoin is back two for one deal! weeeeee