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

[Hen0xyd]

Did I just saw a 1million $ buy order on stamp bitfinex around 480 ?

[chessnut]

Not convinced yet, but waking up and seeing price somewhat higher is nice

yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.

That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.

There's 2 ways that the market goes up. One, fresh fiat. Two, day traders covering short or margining long.

The latter one cannot sustain a rally.  The money flow indicators have been drying up for months. How long can this rally go without fresh money coming back in? $550? $530?

If/when this rally dies, what happens then? Do we get a chance at a high volume capitulation?

This weekend was the first time I started to sense real fear and anger on here. Since this is my first bubble, I can only go by my best guesses on this, but it seemed like the start of fear and anger, not the height of it.

Maybe I'm wrong.

when the short squeeze dies, the case remains, there is no more selling pressure left. we enter consolidation, and watch the fresh fiat pour in. and it always has been, all along.

well it was just the other day when investors representing 250 billion capital met with that bitcoin rep guy... fresh capital is never far away.

[dreamspark]

To think that no fresh fiat is heading to exchanges is absurd...

[spooderman]

Not trying to be a btc-e style troll, but this very well could be the last we see of the 400s

[billyjoeallen]

Just spiked to $509.48 on Bitfinex!

[PoolMinor]

<12h left to sell below 500$


FTFY

I guess it was only 11 hours. 

[dreamspark]

Through $500 without a spot of resistance.

[Davyd05]

bit of chooing suddenly

a day to absorb the news.

my guess is we punch close to 500 if panic buying occurs...perhaps all the Fiat has finally be credited over at stamp

queue smug self quotes for insta ingnores....

510 already wow.. hmm lets see if this goes all trappy on us or we break free of bearish fear.

[maximum]

bids keep adding up, i think we will touch 500 this week.

my prediction got true 10 minutes later. im epic

[silverston]

lol btc-e loading upside down? really?

That was admin`s 1 april joke

[Todorius]

Trend reversal always happens when despair is the greatest. Maybe the overall pessimism here is a good indicator for that.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.

Technical indicators cannot tell you when it will happen. They can only give you small hints.

[ErisDiscordia]

Today I discovered a new contrarian indicator: my own dreams.

Just before waking up I had very lucid dreams of living with bears in my home. There were several of them and they were like Schrodingers bears - not quite there or not there until we looked - just like ask walls nowadays. The timing of this dream coincided very precisely with the start of the current rally...

damn you Bitcointalk! There's so much bearish sentiment that I'm dreaming about bears all night  

[chessnut]

To think that no fresh fiat is heading to exchanges is absurd...

did anyone say exchanges?

all this time, just like the winkelvii have done, bitcoins are being gobbled up off exchanges.

one day, this will catch up to the exchanges, like today perhaps. everyone be like, "wheres all the coins? I thought there were more. "

[chessnut]

Trend reversal always happens when despair is the greatest. Maybe the overall pessimism here is a good indicator for that.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.

Technical indicators cannot tell you when it will happen. They can only give you small hints.

I think we could be friends 

people seem to neglect this the most.

[magicmexican]

Not convinced yet, but waking up and seeing price somewhat higher is nice

yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.

That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.

1 unusual (positive?) thing that i noticed yesterday is a lack of the normal "delay dump", that usually happens after the initial dumps on the news later in the day, i was surprised, i was prepared to see china going to 2500 and below

[magicmexican]

This weekend was the first time I started to sense real fear and anger on here. Since this is my first bubble, I can only go by my best guesses on this, but it seemed like the start of fear and anger, not the height of it.

Maybe I'm wrong.

Dont think this subforum is a good place to weight fear&anger values.

[chessnut]

for the last 3 days, the market has been pressured upwards in risk off situations.

over the weekend, when there was no chance of a PBOC announcement, the market was stable and lifted. furthermore, news of law enforcement on chinese exchanges failed to carve new lows on western based exchanges.

- there is lots of buying pressure.

today the market is nervously creeping up despite yesterdays fiasco.

If by the end of the chinese day there are no more announcements, the chances grow slimmer that there will be one before April 15th.

This said, I believe we should expect a rally in the next 48 hours, perhaps entering the low 500s.

hollar out.

[bamsbamx]

BUY OR NOT BUY?  

[billyjoeallen]

BUY OR NOT BUY?  

Wait. It'll go down some and you can get a better price. So people are going to take their profits now and some nervous people think this is a good exit point.

[bangersdad]

BUY OR NOT BUY?  

use this to help your decision.