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

[windjc]

This is not ment to be technically correct TA. Anyways I wanted to share this point ov view. Exchange is 1day @Huobi.

My apologies, but this chart makes no sense.

[JayJuanGee]

Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"

So you finally SODL , bulls changing minds, i guess the low isn't that far!

I said it would probably be an okay idea, but i didnt sell , because overall the price is too low

I have a difficult time, too, bringing myself to sell at such a low price.. even though there could be a negative price reaction in 8 hours or so... maybe I will just buy more at that time.. I cannot see a for sure or guarantee that the price will drop by more than possibly $20.. to $420 or so?... Who da fuck knows, for sure?  If I knew for sure, id be rich.. and Id be in the black rather than currently being in the red.

[JayJuanGee]

For negative stuff isn't it sell on rumours buy on news?

It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.

Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s

We need real capitulation and I think we are going to have a chance at it when these two forces meet.

ARe these supposed forces, about which you speak, real?

[sonofliberty]

Dude.

[Todorius]

Dude.

That looks more correct. It is an exponential trendline, and the support at 400 is very high, because it's the lower exponential bound.
I just can't see bears breaking that support, they already are running out of ammo, and the support forming is very strong.

I set 400 as the lowest limit, just can't see it drop any further.

[8up]

Dude.

Yeah, that looks more legit than mine. 

[YogoH]

NEW ANNOUNCEMENT ON BTER.COM

Tanslation:

Issues of concern for us to make further explanation: Notice from the central bank, issued to third-party payment agencies, we have just received a notification by a third-party payment agencies to stop third-party prepaid channels. Bit child has not opened directly receiving channels of commercial banks, so we do not know the central bank to commercial banks receiving channel clear policies and management efforts. Once there is news, we will inform through announcements and Sina Weibo.

Even the world's barren, someone your followers,


https://bter.com/article/403


Looks like only 3rd party, not bank transfers are shut down.

[JayJuanGee]

Looking through the last 10 pages and nobody has used the term "cheap coins" even once.
That's quite bearish:)

We should have some pictures of some tired-ass bulls - or bulls getting run over by trains... ... and I am saying this, even though I am BTC bullish.... but the downward stagnation is kind of taking its toll on my world view...

buy buy bye.

[Erdogan]

Thats not how Chinas gov does things. They wouldnt address directly to anyone, let along small pottatos like this. A vague announcement will follow soon.
I expect the banks to make the first move, since they are always sucking up to the gov.

You mean, just like here?

[Erdogan]

In psychology, cognitive dissonance is the excessive mental stress and discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time

And you can stay in that state, or resolve it, or just bury your head in the sand.

[Hypnoise]

Real victims here is the miners, who just in matter to be able survive have to sale mined coins at such low price. I feel for them.

[dreamspark]

Dude.

That looks more correct. It is an exponential trendline, and the support at 400 is very high, because it's the lower exponential bound.
I just can't see bears breaking that support, they already are running out of ammo, and the support forming is very strong.

I set 400 as the lowest limit, just can't see it drop any further.

I would agree with you here, watching the bid sum increasing this morning gives me confidence that $400 really is a place thats well defended. During the down trend of the last few months we watched the bidsum dry up as no one wants to catch the falling knife. Its always the same situation, everyones looking for the bottom and then moans when it flys back up when really they could have been buying all the way down and be in a much better position.

[niothor]

Real victims here is the miners, who just in matter to be able survive have to sale mined coins at such low price. I feel for them.

Miners are people that have payed from 1000 to 10000$ or even more for their asics.
Those people can afford a 50$ electricity bill.

[JayJuanGee]

This is not ment to be technically correct TA. Anyways I wanted to share this point ov view. Exchange is 1day @Huobi.

My apologies, but this chart makes no sense.

I believe that he is saying he wants BTC prices to go up.. by wishing such...


we could just hmm, hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm


Does this make more sense? hmmmmm?

[mmitech]

[segeln]

I'm really looking forward to see how much btc will Second Market buy today or tomorow  

+1
so do I.
It is a good indicator for me

[dreamspark]

I'm really looking forward to see how much btc will Second Market buy today or tomorow  

+1
so do I.
It is a good indicator for me

Do they publish their buys in real time or a few days after ?

[jl2012]

I'm really looking forward to see how much btc will Second Market buy today or tomorow  

+1
so do I.
It is a good indicator for me

Do they publish their buys in real time or a few days after ?

Once a day. See my thread: https://bitcointalk.org/index.php?topic=337486.0

[dreamspark]

I'm really looking forward to see how much btc will Second Market buy today or tomorow  

+1
so do I.
It is a good indicator for me

Do they publish their buys in real time or a few days after ?

Once a day. See my thread: https://bitcointalk.org/index.php?topic=337486.0

Thanks for that. Excellent thread, keep up the good work!

[8up]

This is not ment to be technically correct TA. Anyways I wanted to share this point ov view. Exchange is 1day @Huobi.

My apologies, but this chart makes no sense.

I believe that he is saying he wants BTC prices to go up.. by wishing such...


we could just hmm, hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm hmmmm , hmmm, hmmmmm , hmmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm prices go up.... hmmmm , hmmmmm , hmmm prices go up... hmmm


Does this make more sense? hmmmmm?

You got me. The lines looked somehow funny. Methinks: Even if it will go further down. Before that to happen, it will go up from here at least 100-200$.