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

[chessnut]

LOL massive odds on BitBet. price to pass 400 odds are 4:1.

I bet up in the 500s it would not. If 400 is not passed, Ill make something like 5x my money.

A person has bet 10 BTC to make those odds. BAD BET! I think that is delusional sentiment!

[UnDerDoG81]

Food for thought: Capitulation rarely occurs when it is expected.

I remember waiting for sub $50 coins when price was 60-70

Same for the last wave, to find the top.

When everyone is waiting for sub $400 and the bulls are starting to expect more downtrend, then i'm buying with confidence

Risto is right, long live Risto. 

Is it not different this time? At $50 we had not China in the game. Just asking because I get in at ~$200

[TERA]

Food for thought: Capitulation rarely occurs when it is expected.

I remember waiting for sub $50 coins when price was 60-70

Same for the last wave, to find the top.

When everyone is waiting for sub $400 and the bulls are starting to expect more downtrend, then i'm buying with confidence

Risto is right, long live Risto.  

I don't think using forum sentiment is a good way to go since now Bitcoin is much bigger than this forum and there are huge forces in play such as the china situation which just evolved over these past weeks.

This is nothing like 'last wave' - the pattern has clearly diverged.

Risto is not always right. He said he was certain we were not going below $500 again.

[jonoiv]

nice little bull pendent formed on Huobi 15 min chart.  The result should take us to 2700 ish for a while before breaking through to 2790 ish, then the downtrend will resume.

Just my thoughts.

[billyjoeallen]

quick someone cook up some 'hot news' so we can have an epic bulltrap for me to short.

I'll be shorting with you this time (actually selling-no more margin trading for me for a while).  We need to defend $400 and need fiat to do it.

[billyjoeallen]

this could easily be the beginning of a $100 move. The Chinese customers will be going to bed. no more panic selling for the next 10 hours.

then in eleven hours you'll see a dump that'll take us back to where we are or lower.

[mmitech]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

[podyx]

[chessnut]

Podyx 

The bears have been blessed with surprise news, all the same shit. but in-between the pressure has always been up.

Give this market one chance to jump, and it will.

[Davyd05]

bears gonna go long to squeeze the bulls lol

[tarmi]

Personally I dont think the decline is over yet, Huobi will come with a statement that confirms the PBoC news. Don't be fooled, Chinese people have a way other culture when it comes to communication than most westerners.  

[gizmoh]

Food for thought: Capitulation rarely occurs when it is expected.

I remember waiting for sub $50 coins when price was 60-70

Same for the last wave, to find the top.

When everyone is waiting for sub $400 and the bulls are starting to expect more downtrend, then i'm buying with confidence

Risto is right, long live Risto.  

Is it not different this time? At $50 we had not China in the game. Just asking because I get in at ~$200

At that time we didn't have 10x exposure! Btc is distributed into more hands, much hodlers, less volume on exchanges, equal more value!
Do not underestimate Greed, Chinese gamblers aren't going anywhere, when price skyrockets again, they will be find ways to inject CNY namely via HongKong.
 

[TERA]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

All the previous reversal days were on 100-140K volume on stamp and that was WITH the help of all of the chinese exchanges and/or mtgox.

[ChartBuddy]

Explanation

[roslinpl]

Explanation

wuh .... from a long long time those charts doesn't looks like today's one ...
But anyway soon or later rain must stops.

[MinermanNC]

GM everyone, well the world hasn't ended and BTC is still there standing its own ground! lol I think its going to be a good day here

[chessnut]

this could easily be the beginning of a $100 move. The Chinese customers will be going to bed. no more panic selling for the next 10 hours.

then in eleven hours you'll see a dump that'll take us back to where we are or lower.

I dont think the market works like that. The chinese are not going to sleep blissfully unaware that market might crash to oblivion tonight. They have factored in yesterdays news today and are finished.
The chinese trading day is over, and tomorrow may open on a new page. If they like what they see, they might find a new sense of patience. After all, they have weeks to work around.

[MoreFun]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

[chessnut]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

.... my thoughts exactly.

[mmitech]

ok no volume is getting near acceptable; 40K seems OK for a start, but I think we are still going down big time...

You think or you hope?

I think and I hope


who am I kidding? you will be crying later anyways, and I will be making money....