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

[Mervyn_Pumpkinhead]

If you are NOT trying to influence people.. why share your opinion?
There must be better ways to "pass time"

Also, where I am "slightly" bullish on BTC.. I do understand we below 600 for quite a while.. so I'm not preaching BUY NOW.. because even though there is a lot of momentum to go up, there are also some reasons why we could visit 400 before we do that.

Anyway, good luck.

I personally express myself to encourage discussions and to share different perspectives.
It seems like you telling me, how you're only posting here to influence people and that there couldn't be any other reason for posting anything?

Thanks, good luck is always needed, though it's foolish to count on luck
Good luck to you as well!

[TERA]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 4 times.

[cee-euros]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 8 times.

yep, all i see is pumps followed by unstable high shelves. Whats happening today happened yesterday nearly within the same timeframe

[chessnut]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 8 times.

key word 'leading'

which way is it leading? UP

it's obvious it's reversal. we've had 100% confirmation and worse, but the chinese just don't care.

you would know it's a textbook reversal when there is bad news, the market spikes and then rallies. sellers are exhausted. you should expect a big rally, at least before the 14th.

[magicmexican]

epic dump

[TERA]

[surfer43]

epic dump

+1 very scary

[Mervyn_Pumpkinhead]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 4 times.

That's desperation, mate. Desperation makes people do stupid things. That's why you shouldn't make high risk investments with more money that you could afford. Easier to keep your head cool and to make solid choices. If you get emotional, then you will start to mess up your hopes and speculations. That is the reason why some people see every small spike as trend reversals. They really hope that it would be so.

[TERA]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 8 times.

key word 'leading'

which way is it leading? UP

it's obvious it's reversal. we've had 100% confirmation and worse, but the chinese just don't care.

you would know it's a textbook reversal when there is bad news, the market spikes and then rallies. sellers are exhausted. you should expect a big rally, at least before the 14th.

I don't care about "news" - I care about what happens when the Chinese banks actually get shut down.

[dreamspark]

Such dumping. China needs to just leave 

Could be a bear trap. Im hoping to pick some more up at a lower price but I expect this to bounce.

[magicmexican]

didi anyone catch the volume on those huobi sells? 2-3k btc or something?

[chessnut]

Will have to do better than that Huobi.....

[chessnut]

didi anyone catch the volume on those huobi sells? 2-3k btc or something?

Thats about right.

[simmo77]

didi anyone catch the volume on those huobi sells? 2-3k btc or something?

Not quite epic though... and I still don't trust the volume on Huobi.

Would be nice to see one of the other exchanges lead for a change.

[Davyd05]

mild dumping volume wise. but who really thought the bears wouldn't put up a fight

[chessnut]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 8 times.

key word 'leading'

which way is it leading? UP

it's obvious it's reversal. we've had 100% confirmation and worse, but the chinese just don't care.

you would know it's a textbook reversal when there is bad news, the market spikes and then rallies. sellers are exhausted. you should expect a big rally, at least before the 14th.

I don't care about "news" - I care about what happens when the Chinese banks actually get shut down.

how did you learn that they would?

[TERA]

I don't get the people who actually think this is a major trend reversal into the next bubble when huobi is still open and still leading. Like they didn't learn the first 8 times.

key word 'leading'

which way is it leading? UP

it's obvious it's reversal. we've had 100% confirmation and worse, but the chinese just don't care.

you would know it's a textbook reversal when there is bad news, the market spikes and then rallies. sellers are exhausted. you should expect a big rally, at least before the 14th.

I don't care about "news" - I care about what happens when the Chinese banks actually get shut down.

how did you learn that they would?

My point is I believe that the inpact of an actual shuwdown would be much greater than the impact of the mere information that such is a possibility. As long is it is not actually done yet, there are still people with hope, still people believing in "FUD", still Chinese buying bitcoins, and still Chinese not selling their bitcoins. The 'chinese ban' has happened so many times that people think of it like the boy who cried wolf now, but wait until it actually happens.

[obitoo]

Bulls pump, Bulls dump

[chessnut]

My point is I believe that the inpact of an actual shuwdown would be much greater than the impact of the mere information that such is a possibility. As long is it is not actually done yet, there are still people with hope, still people believing in "FUD", still Chinese buying bitcoins, and still Chinese not selling their bitcoins. The 'chinese ban' has happened so many times that people think of it like the boy who cried wolf now, but wait until it actually happens.

The FUD is certainly not chinese buying bitcoins, the FUD is chines banning bitcoins, which is not true in effect or in legislation.

The market has had many months to prepare for this. it's not a convincing theory.

if the chinese dont want to sell their bitcoins, maybe they wont?

[magicmexican]

looks like its 2800 and below again