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

[Mervyn_Pumpkinhead]

the retard who dumped to 380 now will lose in any way. all know btc will go higher in future and even will reach a new ATH 100%.

he still can take that reward if he buys below 380. Yet to see if he will.

As uncomfortable as it is to feel the psychological pressure to join the panic, it's just as exciting to think that this could be the last good opportunity to jump in before all the institutional infrastructure is in place.

I think that the chase for institutional money will be the wonderful unicorn of bitcoin, that will always stay close but never caught. There will be officials like Lawsky who try to pump BTC for their personal gain and there will be plenty of promises that "just couple of more steps, and we're there..." but there will always be "unforeseen circumstances" that'll stop the red carpets from rolling.

[Davyd05]

poll shows how you feel Adam, I am feeling super opportunistic right now, should really be wiring the last of the money I allotted for the year to the exchange. Stagger the buys towards 339 and pray we reverse before it's hit.

[igorr]

Game is over.

LOL

[spooderman]

I sodl at 400 when gox finally died. SOOOOO regretted it, but didn't buy back.....until now

I am a pig.

I sodl low in true pig fashion after having hodl all the way from low double digits.

But at least I get to buy back lower

Let my story be a lesson to you.

Try not to panic! Ever!

[oda.krell]

Game is over.

LOL

For some reason, I read his comment in the tone of "I spill my drink!"

[porcupine87]

I was checking out Fib's on the 1day starting at the bottom of the sr1.0 closing down and ending at the top of Dec rally, the 23.6% retrace @ 339.41 wouldn't surprise me to be the actual bottom, but that is only if the China ban becomes even clearer and cause some expedited heading for the doors, and sheep selling.

How does this fibonacci work? I don't see there any pattern. Not even at best will. So I conclude that too less traders on Bitcoin work with Fib's?

[TeeBone]

<yawn> good morning bears. And what a fine morning indeed.

I see a few of my sub 385 orders got filled and now a nice meow bounce to sell into. We havent seen a proper attack of 380, if that gets taken out say hello to 200's.

[chesthing]

I think the poll needs to add pissed off and sick to your stomach.
I already sold in the $500s but if I still held that's what I'd be feeling. All I have left is about 60k Hirocoins mined and earned trading, and I still feel a bit of the above can't imagine what it would feel like to hold a bunch of $700+ coins.

[rpietila]

I think that the chase for institutional money will be the wonderful unicorn of bitcoin, that will always stay close but never caught. There will be officials like Lawsky who try to pump BTC for their personal gain and there will be plenty of promises that "just couple of more steps, and we're there..." but there will always be "unforeseen circumstances" that'll stop the red carpets from rolling.

...and while BTC waits for the red carpets, it continues its boring 23.5% per month ascent that it has been doing 5.25 years, institutional money or not. Yawn.

[jonoiv]

<yawn> good morning bears. And what a fine morning indeed.

I see a few of my sub 385 orders got filled and now a nice meow bounce to sell into. We havent seen a proper attack of 380, if that gets taken out say hello to 200's.

That little bounce just gearing up now.  some small but steady green candles on huobi on the way.

EDIT: Maybe

[igorr]

View Screen Capture

[Davyd05]

I was checking out Fib's on the 1day starting at the bottom of the sr1.0 closing down and ending at the top of Dec rally, the 23.6% retrace @ 339.41 wouldn't surprise me to be the actual bottom, but that is only if the China ban becomes even clearer and cause some expedited heading for the doors, and sheep selling.

How does this fibonacci work? I don't see there any pattern. Not even at best will. So I conclude that too less traders on Bitcoin work with Fib's?

http://www.investopedia.com/terms/f/fibonacciretracement.asp

I don't live or die by anything, but I like checking out the Fib's.

[derpinheimer]

This is not a chart reversal pattern, not yet anyway. The way $400 fell so easily makes me think that there is more blood to come. Why head fake @ $380 when you can do it at $350? or $250?  15 minute chart looks like a mini version of the $710 whale. $382 will be retested. It looks like a false bottom so far. The enemy of the manipulator is time.

I agree we should see some more dumping, to the mid 300's. Its very rare for a massive support to fail and not overshoot a good deal.. $383 is nothing.

[proudhon]

This is not a chart reversal pattern, not yet anyway. The way $400 fell so easily makes me think that there is more blood to come. Why head fake @ $380 when you can do it at $350? or $250?  15 minute chart looks like a mini version of the $710 whale. $382 will be retested. It looks like a false bottom so far. The enemy of the manipulator is time.

I agree we should see some more dumping, to the mid 300's. Its very rare for a massive support to fail and not overshoot a good deal.. $383 is nothing.

This

[hlynur]

I was checking out Fib's on the 1day starting at the bottom of the sr1.0 closing down and ending at the top of Dec rally, the 23.6% retrace @ 339.41 wouldn't surprise me to be the actual bottom, but that is only if the China ban becomes even clearer and cause some expedited heading for the doors, and sheep selling.

How does this fibonacci work? I don't see there any pattern. Not even at best will. So I conclude that too less traders on Bitcoin work with Fib's?

http://www.investopedia.com/terms/f/fibonacciretracement.asp

I don't live or die by anything, but I like checking out the Fib's.

+1

daily fibs worked quite good during the last bubble. Besides often overshooting stages it helped me to roughly estimate the lows of both flashcrashes in dec and feb.

[BRADLEYPLOOF]

The poll is missing  because we're HODLING!!!11!1!

[rpietila]

This is not a chart reversal pattern, not yet anyway. The way $400 fell so easily makes me think that there is more blood to come. Why head fake @ $380 when you can do it at $350? or $250?  15 minute chart looks like a mini version of the $710 whale. $382 will be retested. It looks like a false bottom so far. The enemy of the manipulator is time.

I agree we should see some more dumping, to the mid 300's. Its very rare for a massive support to fail and not overshoot a good deal.. $383 is nothing.

It took a full 2 weeks for 400 to fall, and the support zone is actually in 382-384 from the previous bottoms. More likely than not your dream will not come true, sorry.

[BRADLEYPLOOF]

Also, when did proudhon and rpietlila show back up?

[cbutters]

Is this silk road crash 2.0?

[adamstgBit]

Is this silk road crash 2.0?

this is an entirely new crash