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Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404528 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
fonzie
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April 06, 2014, 12:25:47 AM

What the hell happend with bitstamp? no trades in 7 mins

Same here. Maybe they are cooling down their servers  Cheesy

Edit: and they´re back
chessnut
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April 06, 2014, 12:26:03 AM

This rise with this volume is a joke.

It's called bidding. Thats how all rises start. you wont see the volume until the metaphorical auctioneer says 'sold!'.
That could be soon or not so soon. will see.
jojo69
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April 06, 2014, 12:27:19 AM

the next dump could be brutal
Le Happy Merchant
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April 06, 2014, 12:28:52 AM

the next dump could be brutal

For the dumper yes. Who would dump at these prices?
mooncake
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April 06, 2014, 12:29:33 AM

340$ until tuesday is my guess.  Smiley

Make it 34.0$.
byronbb
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April 06, 2014, 12:30:33 AM



FlyingLotus
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April 06, 2014, 12:31:30 AM

This looks as promising as anything we've seen recently.. cover your arses though, gents, it could get bumpy!
seleme
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April 06, 2014, 12:32:36 AM

Let's be fair, this is not R of reversal.
FlyingLotus
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April 06, 2014, 12:35:13 AM

I don't think we we see anything confidently permanent until the china business is put to bed, but perhaps an opportunity is arising to play the game a little is all.
TERA
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April 06, 2014, 12:35:34 AM

This is just a weak pushback and dead cat bounce from the 400 support level. Will bounce to $540 max. Anyone who thinks this is the actual reversal is being deluded and drinking some koolaid from bobby lee about how everything is ok in China. Wait until at least a 3 day MACD cross to start calling a reversal.
adamstgBit
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April 06, 2014, 12:38:28 AM

495 or more   - 19 (10.6%)
480   - 14 (7.8%)
465   - 38 (21.1%)
450   - 71 (39.4%)
435   - 15 (8.3%)
420   - 3 (1.7%)
405 or less   - 20 (11.1%)

closed at 464.8 21.1% got it right

I voted for 480, close but no cigar.

I changed the poll question up a bit today.

go vote!
magicmexican
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April 06, 2014, 12:39:14 AM

This is just a weak pushback and dead cat bounce from the 400 support level. Will bounce to $540 max. Anyone who thinks this is the actual reversal is being deluded and drinking some koolaid from bobby lee about how everything is ok in China. Wait until at least a 3 day MACD cross to start calling a reversal.

3 day Macd too risky, i prefer to wait 1 year Macd cross to be safe
TERA
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April 06, 2014, 12:40:29 AM

This is just a weak pushback and dead cat bounce from the 400 support level. Will bounce to $540 max. Anyone who thinks this is the actual reversal is being deluded and drinking some koolaid from bobby lee about how everything is ok in China. Wait until at least a 3 day MACD cross to start calling a reversal.

3 day Macd too risky, i prefer to wait 1 year Macd cross to be safe
The 1 day MACD is good to trade in on (and out of) but you can't call the reversal on it.
chessnut
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April 06, 2014, 12:42:03 AM

Nothing beats the human eye when it comes to lagging indicators. you only have a 50% chance that your macd is in tune with he market forces.
billyjoeallen
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April 06, 2014, 12:42:18 AM

the next dump could be brutal

For the dumper yes. Who would dump at these prices?

I just market sold 3 BTC @ $465.  If this shit continues, I'll double that and then double it again. Then I'll leverage short.
chessnut
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April 06, 2014, 12:44:19 AM


I just market sold 3 BTC @ $465.  If this shit continues, I'll double that and then double it again. Then I'll leverage short.

I thought you learned your lesson with leverage.

Imagine the possibility that you take another hit while watching your would be investment take a hike.

maybe you need to take a break, you sound angry.
TERA
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April 06, 2014, 12:45:23 AM

Nothing beats the human eye when it comes to lagging indicators. you only have a 50% chance that your macd is in tune with he market forces.

I think of this when there is high volume but not when there is low volume.
podyx
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April 06, 2014, 12:45:57 AM


I just market sold 3 BTC @ $465.  If this shit continues, I'll double that and then double it again. Then I'll leverage short.

billyjoe, take a pause from the bitcoin market and watch The counselor

see what happens when greed takes over Cool
p0peji
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April 06, 2014, 12:46:02 AM

Leverage shorting now would not be a bad idea imo.
billyjoeallen
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April 06, 2014, 12:47:11 AM


I just market sold 3 BTC @ $465.  If this shit continues, I'll double that and then double it again. Then I'll leverage short.

I thought you learned your lesson with leverage.

Imagine the possibility that you take another hit while watching your would be investment take a hike.

maybe you need to take a break, you sound angry.

Good point. Maybe I'll double it four times before margin shorting.
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