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

[billyjoeallen]

Cup and handle. Here comes the bounce. Sell @ $420-430. 

I see no cup and handle. It went $440 -> $410 then has sat around there for a few hours now.

Right. I was hoping some of you who hadn't already sold would have a chance to sell less painlessly. I could tell it was another dead cat bounce when volume petered out instead of building.

After further review of the order book, My highest buy order now is around $300 with a possible flash crash to ~$156 on Bitfinex, the place where the order book has the same number of bids as asks. The possible short squeeze target is ~ $588. These estimates are subject to change as the order book changes.

The trend is not reversed and only has an 85% chance of reversing even after the China situation is resolved. IF it is resolved. Something has to happen in order for a downtrend to be reversed equal in magnitude to the thing that caused it. In short, it likely has to get worse before it gets better.

My highest buy order before April $15 is near $300 and that may be too optimistic. Successful day trading requires you to quickly reassess situations, cut losses and turn on a dime if new information warrants. I still see no signs of hidden support. I'm hoping that's because it is too well hidden and not because it doesn't exist.

[fonzie]

Spike until 460$ possible?

[chromosoma]

Dammit, i want to see BTC under the  400$ mark, why does it take so long??

[uhoh]

Spike until 460$ possible?

Bullish now ?! make your mind up! 

[JorgeStolfi]

[ ... ] People who have gotten rich with all kinds of shady shenanigans. And the best food for BTC growth would be someone who has money, but whose only knowledge about finance are youtube videos telling about banksters and their alien overlords of reptilian race. [ ... ]  I'm not lying to myself about bitcoin, it's not about liberty, freedom and saving the world. Bitcoin growth has the most potential where there is the most crime, corruption and dumb money.

Well, I appreciate your frankness, at least.

However, when bitcoin is sold as a hedge against inflation, as a get-rich-quick scheme, or whatever, it ends up being bought by many people who are not rich, criminals, or corrupt politicians: just ordinary people who hope to get a little better life, and do not know enough economics to see through the bitcoiners' hype.  Many of them are induced to put all their savings, sell their houses and make debts by the promises of bitcoiners whose goal is, essentially, to take their money.

Sorry, but that moral excuse does not work. 

[adamstgBit]

feels low

buys are rolling in at a rapid rate.

420 in a few hours.

then spike to 460 tomorrow ish

[adamstgBit]

what happened?

[JayJuanGee]

Well, one more time, it really looks like its over. I HODL but lets see how this one works out. I almost halved all my savings in just a few weeks, buying @700  

You can also buy some more, no? and then your average BTC buy price will drop.

NOT always practical for everyone, but a possibility for you?

[Davyd05]

Well, one more time, it really looks like its over. I HODL but lets see how this one works out. I almost halved all my savings in just a few weeks, buying @700  

You can also buy some more, no? and then your average BTC buy price will drop.

NOT always practical for everyone, but a possibility for you?

avoided this issue by waiting till the buy price was lower than my avg. buy in cost. I would be selling before the coins if I were a seller while above that point...as it went below that It became a buy signal TO ONLY ME <

[fonzie]

what happened?

bull trap in progresss i´m leveraged long from 408 to 435-460$ COO CHOO Adam  

[cbutters]

Time to buy! 380-400 defended what... 3-4 times now!?

[hdbuck]

bitcoin's newtork computing power: almost 600 exaFLOPS!

yeayyyy

[JorgeStolfi]

I don't know what is the point of growing my stash at this point.

Well, when BTC succeeds, would you want to buy Germany, or would you be satisfied with Estonia and a slice of Angola? 

[Ivanhoe]

Where do you find the time to react all the time fonzie? You got 1700 posts since you registered, and none of them shows any intelligence. You really should find some friends or do something productive with your time kid. It's ok to be a bear, but don't annoy the wrong people.  

[Bronstad]

[fonzie]

Where do you find the time to react all the time fonzie? You got 1700 posts since you registered, and none of them shows any intelligence. You really should find some friends or do something productive with your time kid. It's ok to be a bear, but don't annoy the wrong people.  

Ok, thanks for your consideration. Who exactly are the wrong people, is this a threat?

[ErisDiscordia]

can someone please take my hand and tell me it will all be good... ,

Don't you worry and no need to turn into a Panda because of China



We'll have our "Bitcoin hits 1K$ party" soon enough

[jonoiv]

Naw, its pretty obvious who they are. If you want to act ignorant of that, it is cool with me.

Yeah, it's very obvious. It's like a solid 90% of posters on here.

Come on, you know there are plenty of bull "trolls" on here, too. You know, the guys who call sellers idiots and scream HODL all day long?

Now, if you mean ignore all the bear trolls, that's fine, but you have to specify that. Yeah, it's a smaller portion (simply due to the fact that this is a heavily pro bitcoin forum), and yes, it's pretty obvious who those people are.

funny how I don't quote the perma bulls ccmf pics etc

Wouldn't even go close to 90% of poster as these guys are the only ones I think really make their position uber obvious.

Bear; I've just completely given up on expecting anything mildly intelligent or well formed as an argument from Fonzie, Joinov, this Pumpkin character.
Neutral zone; which is Stolfi but probably a bear and or just enjoys trolling bitcoin.
bull bears; Billy
permabulls; I just don't re quote ccmf and trains page fillers ( however I will post ccmf myself to poke fun, when bears see the bulls bringing it out to early) however I've seen very little in the form of ccmf memes, and trains besides that of bears posting train wrecks compared to during the nov - dec rally.

give me an example of a permabull who shouts that we're going to a 1000 tomorrow everyday, I seem to be missing thier posts but don't deny that it maybe happening. Cause I have to read from bears were going to double digits on the daily..

edit: yeah I mainly ignore the troll bears, but I've give up on the others from time to time.

I gave you the bearish argument.  You put your head in the sand, fingers in your ears and preferred not to listen.  Yet most of my predictions are coming or have already come true.  I said the best the bulls can hope for is a double bottom.. (here we are)  Ive seen many rocket ships, and lovely train pictures,  yet, as I stated we will not break the December trend line and we will bounce off it (guess what happened).

This has happened, this is happening and I am sure my unfulfilled predictions will come true in the next few days.  I said we are going down further.  I am still confident of this and have provided TA for you to look at....  but still you put your head in the sand.  

The one thing you can't grasp is your own mind. Here is the truth you can't handle....   In a bear market it's best to listen to the advise of a bear.  In a very bearish market, then listen to a very bearish point of view.  

You however are incapable, as this contradicts what you ... Want... Hope and maybe need.  But thats you tough shit, not mine, so do yourself a favor and stop trying to blame bears and get a grip on reality.


Don't call me a troll when my predictions are infinitely more accurate than yours...  Take your blinkers off for a minute you may save yourself heartache.  

[Davyd05]

but it did lol.

[adamstgBit]

but it did lol.

the low is 400.1 not 400