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Question: June 30 24-Hour High:
<$4,000 - 6 (9.7%)
$4,000-$4,500 - 0 (0%)
$4,500-$5,000 - 2 (3.2%)
$5,000-$5,500 - 3 (4.8%)
$5,500-$6,000 - 8 (12.9%)
$6,000-$6,500 - 8 (12.9%)
$6,500-$7,000 - 4 (6.5%)
$7,000-$7,500 - 5 (8.1%)
$7,500-$8,000 - 6 (9.7%)
$8,000-$8,500 - 6 (9.7%)
$8,500-$9,000 - 3 (4.8%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
>$10,000 - 11 (17.7%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20301743 times)
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magicmexican
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April 01, 2014, 08:23:05 AM

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
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magicmexican
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April 01, 2014, 08:27:09 AM


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
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April 01, 2014, 08:29:24 AM

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
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April 01, 2014, 08:29:49 AM

BUY OR NOT BUY?HuhHuhHuhHuh   Grin Grin Grin Grin Grin
billyjoeallen
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April 01, 2014, 08:34:11 AM

BUY OR NOT BUY?HuhHuhHuhHuh   Grin Grin Grin Grin Grin

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
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April 01, 2014, 08:34:28 AM

BUY OR NOT BUY?HuhHuhHuhHuh   Grin Grin Grin Grin Grin



use this to help your decision.
chessnut
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April 01, 2014, 08:37:04 AM

BUY OR NOT BUY?HuhHuhHuhHuh   Grin Grin Grin Grin Grin



use this to help your decision.

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!
TERA
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April 01, 2014, 08:40:49 AM

What's with the muppets on wisdom?
lebing
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April 01, 2014, 08:41:55 AM

annnd. there is that panic buying i was talking about.
windjc
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April 01, 2014, 08:43:01 AM

BUY OR NOT BUY?HuhHuhHuhHuh   Grin Grin Grin Grin Grin



use this to help your decision.

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

So you are saying we are no longer in a bear market? Can I quote you on this?
chessnut
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April 01, 2014, 08:45:34 AM

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.
windjc
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April 01, 2014, 08:47:58 AM

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?
windjc
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April 01, 2014, 08:49:13 AM

People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

438 actually.

Depends which market you look at.
TERA
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April 01, 2014, 08:49:42 AM

damn that was crazy. half of my standing short orders got hit. i was down at one point and thought the bulls had gotten one by me but now im up 4%.
schizoid
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April 01, 2014, 08:50:40 AM

Houbi didn't make a higher high and is pooping on the party.
bangersdad
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April 01, 2014, 08:51:18 AM


thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

if thats what you need to keep telling yourself then i think you are in denial.
chessnut
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April 01, 2014, 08:51:52 AM


thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

if thats what you need to keep telling yourself then i think you are in denial.

go ahead, short the market!
bangersdad
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April 01, 2014, 08:52:59 AM

chessnut
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April 01, 2014, 08:54:23 AM

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?

If you want to argue like that, then 1200 never happened either, did it?

your chart says sideway for the next 3 days at least, and that a higher low means bull market.

sorry if you are short. there is nobody left to bail you out, not even fearful noobs.
billyjoeallen
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April 01, 2014, 08:55:43 AM

damn that was crazy. half of my standing short orders got hit. i was down at one point and thought the bulls had gotten one by me but now im up 4%.

I'm curious as to where you are going to close those shorts on the way down. This is what some people don't understand. Bears actually help to prevent crashes when they take their profits and close short positions. It's bulls with leverage getting margin calls that really make it tank.
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