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

[chessnut]

I am amazed at how 5-6 dollars swings do change the sentiments here.

example?

You

you assume far too much. I can see bullish and bearish things at the same time. Can you? when I note that momentum is stalling on stamp, do you think I just changed my long term view?
This really annoys me. ^^

[thefunkybits]

I am amazed at how 5-6 dollars swings do change the sentiments here.

^This lol...

You bitches ready for Huobi round 2?? Here's hoping Stamp and BFX finally have a proper breakout

[magicmexican]

[windjc]

I dont expect any decent movent with dat volume we have, especially  on the weekend

I agree. Assuming the market can get through tomorrow without a major downturn, and unless someone comes and dumps I think that will probably be the case, then we will see an attempt to move up higher on Monday and Tuesday. But the more we move up the more we are subseptible to bad news causing us to tank again.

And by bad news, I actually mean expected news. Like the expected day when Houbi finally gets or admits to getting the bank order for no more wire transactions. When Houbi says "we can no longer accept bank deposits and/or make bank withdrawals after April 15th" I don't think the market is going to take that well.

And that could be any day next week.

[thefunkybits]

Why do I have the feeling that waiting for Huobi's "bad news" is similar to the sentiment around mtgox adding LTC. Waiting for something that's "sure to happen" usually results in an unexpected outcome

[windjc]

Why do I have the feeling that waiting for Huobi's "bad news" is similar to the sentiment around mtgox adding LTC. Waiting for something that's "sure to happen" usually results in an unexpected outcome

We will see.

I'm curious who is buying coins on Houbi. How many new Chinese are sending fresh fiat to exchanges? That sounds hard to imagine. Maybe non-nationals looking for cheap bitcoins? Maybe, but the price is even now, so can't arbitrage anymore. Fiat sitting on the sidelines? That's my guess. Also short covering perhaps. Probably likely too to some degree.

[EuroTrash]

Btw.

Some actually good news to cheer you up on an otherwise dull moment:
http://www.reddit.com/r/Bitcoin/comments/228rfd/bitcoin_app_store_for_ios_android_no_jailbreak/

[chessnut]

I think that if the market is oversold (I think so), we will see it on the weekend. Whenever the market is offered a period of low risk it rallies.

Unfortunately the last rally (500) was interrupted by a surprise announcement in the late evening in china, but the weekend will offer better security.

This would only get rolling in about 6 hours though, or perhaps tomorrow morning (china time) in about 16 hours.

[windjc]

I think that if the market is oversold (I think so), we will see it on the weekend. Whenever the market is offered a period of low risk it rallies.

Unfortunately the last rally (500) was interrupted by a surprise announcement in the late evening in china, but the weekend will offer better security.

This would only get rolling in about 6 hours though, or perhaps tomorrow morning (china time) in about 16 hours.

Maybe so. But I think either way its going to be a hella boring weekend.  More consolidation. Probably up some unless there is a big dump from someone.

[nanobrain]

I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.

Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long.

I am a seasoned trader and I don't need confirmation  

I've just seen your profile, if you really are only a 21 year old Kiwi then trust me - you are not a seasoned trader, nor an expert in anything, especially not human psychology as you claim.   I mention Kiwi because, while I love Auckland but prefer Wellington, your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London.

But your age would explain your urge for validation here.  
 

Get over yourself. Ive spent five years at university and 4 years trading markets. Im pretty darn successful too. I am a seasoned trader. Like I said, I dont need your judgement.

A kiwi split the atom.

it is a strength to separate yourself from the crowd. the fact that I have different values and attitudes than in say NY or London is a strength. And why are you so Eurocentric? the chinese are kings of the world if there are any.

The more I read what you have written there the more BS I see. I never said I was an expert in Human psychology. Of coarse I'm here to try validate things, this is a frieakin speculation forum. you have no idea if I am not an expert at anything. I have a masters degree. Ill have you know that Auckland where I live is a metting ground for cultures all around the world. I have seen and met more than poms and yankees.

So, you are not 21 as you state.

I apologize re. the psychology...its just you say everything with such certainty I assumed you are expert in everything.  

The only thing I'm sure of "you sir, are no Ernest Rutherford".

But if you want to argue with a researcher:

13th Feb

I cashed out at 750.... gonna buy at 380, I think 300 is right on the mark but dont count on it!!

1st March
we will likely be around 500-700 for a long time.

3rd March
this is a critical point..... Im warming up to the prospect of 'to da moon!'

7th MArch
bought at 100, sold at 750, bought at 500, sold at 650, price now = 620......

16th March
I bought at $120, purely speculative, held, and sold at 750 after the AHT, bought at 450 - 500, and I am day trading the volatility now.  soon I will return to hibernation as a long term trader and wait for the moon.

18th MArch
I think it will go to 580 if not 560 according to EW analysis. but best not be too greedy, 594 is a good price fo sho.  Grin

28th March
Consider 465 a very significant bottom.

29th March
everyone take one last look at my witch craft before I throw some dice and the market goes as I please.

and still hodling long from 475  
predicts market will rise to 3400CNY using EW - market stays flat then falls
2nd April
Huobi is showing a lot of strength. I expect 540 in 12 hours.
and
I have evidence that large investors are buying;
-Risto is buying (LOLing hard at this one)

3rd April
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.

later…

China has awoken! today is the day of the BULL!
 
4th April
Ive been able to scrape together profit from calling 465, 435 and 425 bottoms.
later

ok bitcoin, now's your chance. go go go! fly!

Today
OMG I owe you one for this link!
cheers!  (seasoned trader only today finds hypron.net LOL)

Im holding from $100 average.
Ive been following it since $2 and Ive been speculating since $80.

I appreciate modifying and changing your opinion is not a bad thing but you do seem to have an almost psychotic urge to post every thought that crosses your mind.  The list of quotes above is neither comprehensive nor complete, just a random sample but you do contradict yourself quite often.  I'm not trying to embarrass you but do this in the hope others are not taken in by your apparent 'competency'.  

I'll be taking your posts with a large grain of 'seasoning'.

[schizoid]

I'm curious who is buying coins on Houbi. How many new Chinese are sending fresh fiat to exchanges? That sounds hard to imagine.

I'm surprised the Chinese aren't buying with both hands while they still can. They clearly don't think like Americans.

[kurious]

I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.

Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long.

I am a seasoned trader and I don't need confirmation  

I've just seen your profile, if you really are only a 21 year old Kiwi then trust me - you are not a seasoned trader, nor an expert in anything, especially not human psychology as you claim.   I mention Kiwi because, while I love Auckland but prefer Wellington, your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London.

But your age would explain your urge for validation here.  
 

Get over yourself. Ive spent five years at university and 4 years trading markets. Im pretty darn successful too. I am a seasoned trader. Like I said, I dont need your judgement.

A kiwi split the atom.

it is a strength to separate yourself from the crowd. the fact that I have different values and attitudes than in say NY or London is a strength. And why are you so Eurocentric? the chinese are kings of the world if there are any.

The more I read what you have written there the more BS I see. I never said I was an expert in Human psychology. Of coarse I'm here to try validate things, this is a frieakin speculation forum. you have no idea if I am not an expert at anything. I have a masters degree. Ill have you know that Auckland where I live is a metting ground for cultures all around the world. I have seen and met more than poms and yankees.

So, you are not 21 as you state.

I apologize re. the psychology...its just you say everything with such certainty I assumed you are expert in everything.  

The only thing I'm sure of "you sir, are no Ernest Rutherford".

But if you want to argue with a researcher:

13th Feb

I cashed out at 750.... gonna buy at 380, I think 300 is right on the mark but dont count on it!!

1st March
we will likely be around 500-700 for a long time.

3rd March
this is a critical point..... Im warming up to the prospect of 'to da moon!'

7th MArch
bought at 100, sold at 750, bought at 500, sold at 650, price now = 620......

16th March
I bought at $120, purely speculative, held, and sold at 750 after the AHT, bought at 450 - 500, and I am day trading the volatility now.  soon I will return to hibernation as a long term trader and wait for the moon.

18th MArch
I think it will go to 580 if not 560 according to EW analysis. but best not be too greedy, 594 is a good price fo sho.  Grin

28th March
Consider 465 a very significant bottom.

29th March
everyone take one last look at my witch craft before I throw some dice and the market goes as I please.

and still hodling long from 475  
predicts market will rise to 3400CNY using EW - market stays flat then falls
2nd April
Huobi is showing a lot of strength. I expect 540 in 12 hours.
and
I have evidence that large investors are buying;
-Risto is buying (LOLing hard at this one)

3rd April
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.

later…

China has awoken! today is the day of the BULL!
 
4th April
Ive been able to scrape together profit from calling 465, 435 and 425 bottoms.
later

ok bitcoin, now's your chance. go go go! fly!

Today
OMG I owe you one for this link!
cheers!  (seasoned trader only today finds hypron.net LOL)

Im holding from $100 average.
Ive been following it since $2 and Ive been speculating since $80.

I appreciate modifying and changing your opinion is not a bad thing but you do seem to have an almost psychotic urge to post every thought that crosses your mind.  The list of quotes above is neither comprehensive nor complete, just a random sample but you do contradict yourself quite often.  I'm not trying to embarrass you but do this in the hope others are not taken in by your apparent 'competency'.  

I'll be taking your posts with a large grain of 'seasoning'.

Nicely done, Nanobrain.  A little of the hubris around here needs to find its nemesis on occasion.   

Of late I have just been mostly not posting but watching...

[chessnut]

I appreciate modifying and changing your opinion is not a bad thing but you do seem to have an almost psychotic urge to post every thought that crosses your mind.  The list of quotes above is neither comprehensive nor complete, just a random sample but you do contradict yourself quite often.  I'm not trying to embarrass you but do this in the hope others are not taken in by your apparent 'competency'.  

If you wanted to spend your day arguing with me, you could have at least stayed on subject.
This thread is called the "wall observer - price movement and tracking" not called "long term fundamental out look and off topic arguments thread"
I do make spontaneous posts here. It's the practise of articulation, a very useful tool.
when did I contradict myself? be accurate now. and don't confuse impartiality with contradiction.
I would prefer if people didnt make a scene over what I say, especially when they cant read properly.

[JayJuanGee]

I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.

Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long.

I am a seasoned trader and I dont need confirmation  

CONFIRMED!

[JayJuanGee]

I don't think 'seasoned traders' make a claim about the market reversing every couple of hours....please don't patronise me.

Well I dont claim a reversal every few hours. but reversals happen over days.... we can joke all day long.

I am a seasoned trader and I don't need confirmation  

I've just seen your profile, if you really are only a 21 year old Kiwi then trust me - you are not a seasoned trader, nor an expert in anything, especially not human psychology as you claim.   I mention Kiwi because, while I love Auckland but prefer Wellington, your country is somewhat isolated and your values and attitudes somewhat different from those in say NY or London.

But your age would explain your urge for validation here.  
 

Sounds more like a message that should have been sent privately, rather than publicly.. Nanobrain...   

What's the point of criticizing Chestnut publicly... .. or to suggest that you do NOT agree with Nor appreciate his contributions..?   

[magicmexican]

Huobi bears woke up to dump

[chessnut]

watching this carefully.

[windjc]

watching this carefully.

Yes, this channel looks very vulnerable ATM. Selling pressure slowly rising.

Not sure it means much though.

[chessnut]

Yes, this channel looks very vulnerable ATM. Selling pressure slowly rising.

Not sure it means much though.

It doesnt really mean anything until something happens. If it bounces hard (not too likely) it would be an impressive edge.

[Ivanhoe]

I think Bitcoin spoiled most of us, you all want Bitcoin to go to $5000 in a couple of days and you want it to keep going up all the time non stop without correcting. some of you are familiar with stock markets and investment schemes in general, can you point an investment that paid off the same way Bitcoin did the last 5 years ? at least point me to any stock out there that is that volatile which allow traders to make huge profits the same way we do with Bitcoin?


well, I dont think so, and wait when wall street joins, we will see about this volatility and the trading opportunities, complaining much about market manipulation and insider trading ? wallstreet will show you waht is the real of that, they will fuck us all the way up and down, we will all learn just to hold if we are lucky  

+1 , and if you want a stock with volatility you should look into $PLUG