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

[ShroomsKit]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

[podyx]

This gotta be the fucking bottom

I had a weird dream today, one of those who feel like it actually happend when you wake up.
It was a really fast rally to about $650-670 and I had gotten my buy order filled on 430 just before.
Was really disapointed when I woke up and checked my phone for ticker.




65 to 105 is about 65% rise, same as from 430-670

What do you say? Maybe we are in for a little weekend treat today or tomorrow

[coins101]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

wall observer. pop in and out when the shit hits the fan.

troll. noted.

[Bronstad]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

Don't requote the troll  

[magicmexican]

almost the same price across stamp/btc-e/huobi

interesting

[podyx]

almost the same price across stamp/btc-e/huobi

interesting

Very interetsing indeed

[cee-euros]

almost the same price across stamp/btc-e/huobi

interesting

Very interetsing indeed

all 4's would be nice

[JayJuanGee]

almost the same price across stamp/btc-e/huobi

interesting

Very interetsing indeed

Everybody is hovering at 444... which is like the new 666

[ShroomsKit]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

Don't requote the troll  

Yeah, my bad.

[fcmatt]

Lower highs and lower lows. Downtrend confirmed repeatedly. No reason to think it will change. < 400 incoming.
I am holding what I have left though. Sold enough to be content for this year. When things change for the upside it will be dramatic.

[EuroTrash]

Yup. We're pretty much dead in the water, and drowning.

[fonzie]

Talkin about "priced in". MtGox believers bought coins on bitcoinbuilder and sent money until the last minute(their website went down).
The price didn´t really crash until they announced bankruptcy altough it was obvious to anyone with two brain-cells what is going to happen.
The same sentiment is present right now, a lot of people believe that PBOC will suddenly change their attitude, and out of the dark fairy whales appear and buy the price up to 1000(000)$, just because China might eventually not get banned 100%.
I don´t believe that the common chinese trader is smarter than the western ones, and so most of them will trade(and even sent fresh money) until the last minute till they realize that it´s suddenly too late to get money or coins out.
Bitcoiners are often in denial, we will know the true china-free price when they have completly shutdown their service.
Price is again (probably) artificially being upheld by your favorite whales. I assume that a lot of people that are truly in the know are
cashing out as much as possible without crashing the price too much. The 400$ support has been built to vreate an atmosphere of safety for the traders(pigs). "Cause hey, 400$ it must be the bottom we bounced of that 3 times before, so let´s buy all those cheap coins
it´s basically free money"

[fonzie]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

Don't requote the troll  

Yeah, my bad.

ShroomsKit stop quoting me or i will put you on my ignore list. Last warning!

[jonoiv]

[uhoh]

[fcmatt]

combined with that happening on a friday.. historically that means breaking downwards.

[Adrian-x]

444.44 quite fascinating .!

  this is so funny it's cook!

666 is a number Christian nations find bad.

4 is a bad Chinese number it has same symbol or pronunciation as death. 4 4's in a row is the ultimate death  

Having worked a lot with China I'll confirm there national religion is superstition.  

I'm buying this is a shaking of the Chinese hands.

[ChartBuddy]

Explanation

[podyx]

Moment of truth. How many hours left??

[Nicholas-Carraway]

My is watching potential bottoming fomration.

https://www.tradingview.com/v/2M3hwYUf/

same pattern last time. followed by a huge dump

You are correct, of course, Sir or Madam:  

One must always consider the longer view:
https://www.tradingview.com/v/YRAGYRzq/

(The same red lines are included for context).
I was amused many years ago when reading "Random Walk down Wall Street,"  a required read at Harvard Business School I understand.  Shortly thereafter, I read "Reminiscences of a Stock Market Operator," and was amused in an entirely different way.

Looking at the longer view chart, it would seem counter-intuitive to suddenly turn bearish this week.  2014 is the much hearlded year of Wall Street (VC) entering a very small unregulated market where anything goes.   A pause is in order, and attention should be given to subtle clues.  Grave attention should be paid to the "Random" forces that are creating such a picture.  Who profits most by a low price at this time and why?  Nearly every word you read is an attempt by someone else to take your money.

Kind Regards,
Nick