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

[dreamspark]

posting this for the sake of argument

2013 bottom


now

Looking at the volume of those two charts, why do posters in here keep telling us that we can't have a bottom without a huge increase in volume? Im not seeing a particularly large amount of volume around the 2013 bottom either or certainly not masses more than there is at the moment especially if you take $400 as the bottom from post gox shut down and this is just a China lead leg down.

[ChartBuddy]

Explanation

[EuroTrash]

Looking at the volume of those two charts, why do posters in here keep telling us that we can't have a bottom without a huge increase in volume? Im not seeing a particularly large amount of volume around the 2013 bottom either or certainly not masses more than there is at the moment especially if you take $400 as the bottom from post gox shut down and this is just a China lead leg down.

 

now, let's also give litecoiners something to worry about:

[EuroTrash]

Too early to tell.  You could have few steps down from here, or few steps up.

Agreed it is way too early to tell with reasonable certainty. Bottoms also do that to us, and so do bull traps. The fact is, we don't have much of a clue right now 

[billyjoeallen]

C'mon I have seen 450 enough times today move upto 500$ you lazy coin..!

Yeah, so I can dump the rest of my trading stash. If there's a clear trend reversal, I'll buy back at a loss and be happy to do so. Unfortunately I think that's extraordinarily unlikely until the $400 wall is tested or until all the gamblers get bored and move on. Very likely we'll move sideways for a while. Time to do other stuff.

[jonoiv]

At the moment BTC-e looks the most pessimistic of the major exchanges. 

[billyjoeallen]

posting this for the sake of argument

2013 bottom


now

Compelling argument, but if you want to argue, let's argue. If I recall correctly, Gox had halted fiat withdrawals and the rally didn't resume until the withdrawals resumed, right? Now Gox is dead and China is dying. What are the Odds that the PBoC will reverse it's pollicy? There's not even a rumor of that happening.

[igorr]

Game is over,
https://bitcointalk.org/index.php?topic=554626.0

[seljo]

Game is over,
https://bitcointalk.org/index.php?topic=554626.0

What lvl are you in this game you are talking about?

[billyjoeallen]

Game is over,
https://bitcointalk.org/index.php?topic=554626.0

That's all from April 2.  Do something useful and quit giving us history lessons.

[Mervyn_Pumpkinhead]

Suer low volume overnight again then. What is it going to take to turn this ship around ?

A magical mistery train full of fairy whales on Acid.

https://www.youtube.com/watch?v=3p2BHj8Zvvc

[dreamspark]

What are the odds that the 15th rolls around and nothing happens??

[jonoiv]

Game is over,
https://bitcointalk.org/index.php?topic=554626.0

to be honest the market has already reacted to this several times.

[igorr]

Game is over,
https://bitcointalk.org/index.php?topic=554626.0

to be honest the market has already reacted to this several times.

Now market go to zero,
here will never be growth, just constant decline, just like in the last 4 months, from $1240 to $416.

[dreamspark]

I think I'll cut my roughly 10% losses on BTC & LTC since last week and go all in on XCP since the first easy to access DEX will be live from tomorrow on the online Counterwallet https://bitcointalk.org/index.php?topic=395761.6980 , I can easily see a 400% + rise coming to put it on a level cap with the as of yet useless mastercoin.

Could you maybe give a run down of the basics of xcp??

[gentlemand]

What are the odds that the 15th rolls around and nothing happens??

I wouldn't even bother betting myself.

[ChartBuddy]

Explanation

[fonzie]

[elg]

there is also news from the 4th....
nvm still old news

[NewLiberty]

The hope it goes down for you is so strong, that the line curves back in time.