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

[soullyG]

Game is over.

  yes finally, glad to see that your game is over, see yaaaa

Welcome to the forum.. 

[ChartBuddy]

Explanation

[fonzie]

Would anybody call me a bulltard if i think that this is not unlikely?
A fairy whale to squeeze the shorts and afterwards slowly back to final capitulation? ~2xx$

[Davyd05]

I could recall some better times from Bitcoin  

I doubt it.  When was the last time coins were this cheap?  2011?

why even joke about something so easy to find out? nov 2013, was the last time we we're trading at this price lol based on YTL of 382.21.

[Bit_co_i_n]

It's kinda funny to see people using flawed chart analysis technique to predict the futur price of Bitcoin.
There are solid reasons why Bitcoin price is diving ( and the bleed is not over ) .
Keep it real and use your brain.
Anyway, thx, I am enjoying the show.

[kurious]

Also, when did proudhon and rpietlila show back up?

Just in time for the party?

They are making a near futile attempt to defend $480. Jawboning won't cut it. Gox and China are not additive downward forces. They are multiplicative.
The only known support level is at the pre-China ATH @ $266. I can't sleep with open buy orders much higher than that until I get new information.

If you want to take coins from us early adopters, wait until we can't hold out any longer. We have had negative income flows for four months. Embrace the pain.

I am under average buy - but feeling pretty calm.   Yes, of course I have buys set under 400 already, but I don't see 266 personally.   Coins are too cheap, volume will come in way before that IMO.

I read you, though and I have no crystal ball.  Only fiat waiting for more coins and popcorn while I watch the show.

[flynn]

I am doing a Panic Hodl !

[podyx]

I just remembered I lost 100mbtc on http://bitbet.us/bet/798/bitcoin-to-drop-under-400-before-june/

These are dark days

[ChrisML]

Would anybody call me a bulltard if i think that this is not unlikely?
A fairy whale to squeeze the shorts and afterwards slowly back to final capitulation? ~2xx$

This is moar of your style:


Right?

With a lot of:  

And all the other eye bleeding bs.

[TeeBone]

In all fiat again, suckers still buying over 400. Here's your chance to get out.

[Hypnoise]

all good things coming to those who wait 

[gizmoh]

Now that buying support at 400 is dismantled, buying in $4xx region is high risk/low reward IMO.

Enky says 300 is coming. He's often been right on to catching lows..

http://btctrading.wordpress.com/2014/04/10/long-term-update-next-stop-300/

[strawbs]

In all fiat again, suckers still buying over 400. Here's your chance to get out.

Chance to get in, more like.  These are very, very cheap coins indeed.  If only I had more fiat sitting at the exchange, I'd be grabbing as many as possible.  The Chinese banks debacle is already factored into this price.  Anyone selling now is selling on news rather than on rumour - trying to catch a falling knife, which is always a mistake.  This is a great time to buy, imo.

[adamstgBit]

I cant take it anymore

I have arranged to be cryogenically frozen.

they will though me out when bitcoin reaches 1,000,000$ or 2020 whichever comes first.

Its been fun guys.

see you in a few years, Hopefully sooner!

[Davyd05]

http://cryptocrimson.com/2014/04/chinese-bitcoin-exchanges-report-banks-will-close-accounts/

good read, not per say as gloomy as the link appears.

[magicmexican]

Now that buying support at 400 is dismantled, buying in $4xx region is high risk/low reward IMO.

Enky says 300 is coming. He's often been right on to catching lows..

Lol Enky's track record is terrible

[fotosonics]

all good things coming to those who wait 

Where are the bitcoin precogs? We are all waiting for balloons.

[fonsie]

[Hypnoise]

all good things coming to those who wait 

Where are the bitcoin precogs? We are all waiting for balloons.

simple, it is still SALE&WAIT game

[billyjoeallen]

I could recall some better times from Bitcoin  

I doubt it.  When was the last time coins were this cheap?  2011?

That's the point, my friend. Buying at $10 after the June 2011 high of $32 seemed really smart...until they dropped to $2/BTC.  and stayed down for a year.  Whales may save us but it's a poor investment strategy to count on generous rich people to bail you out.  We're in a vice and they know it. How long are you prepared to wait? If you are not prepared, then I suggest you get prepared. Insurance is a bet you hope you lose.

Pay attention to the VOLUME moves. if $482 is successfully defended on HIGHER volume, the you can START looking for trend reversal signals.

Successfully day trading bitcoin has nothing to do with understanding it's revolutionary potential or many many many merits. It has to do with understanding order flows. TERA the Green Lumber Trader is better than me and she doesn't know jack about economics. She doesn't need to. She's a confessed ponzi trader. Doesn't matter. The original Green Lumber trader thought he was trading lumber painted green.  He made a fortune anyway.

Probability of a $380 wall breach: 70%.

Early adopter greed is what causes the volatility.  We didn't provide enough liquidity when the market needed it so we didn't have the cash to soak up that liquidity when it was excessive. I accept my share of the responsibility. I am likely going to pay for it in the next few months. The crash will be an opportunity for new blood which is needed for bitcoin to grow. Self fucking regulated. Satoshi was a genius.