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

[magicmexican]

BearTC-e doing their own thing

[dreamspark]

Thing is is its literally controlled by China not technicals $382 as support doesnt mean anything when we're following Chinas every move...

[Mythul]

Man, I'm so depressed right now...

[billyjoeallen]

Say what.....36% voters think btc over 500 on april 20th ? Talk about delusional.

That is soonish, and I did not vote so. But surely when it snaps back, 500 is the first line to fall, not the last. My forecast stands: "if 382 holds, 500 is breached by the end of month".

I think that's right also, but it won't hold. 75% probability of breach, IMHO.

[Davyd05]

I wonder if people are depressed because they invested more than they could afford to lose.

[aminorex]

The $10 buy wasn't just smart, it was genius.  Holding through the drawdown transcended genius itself.  You make a god-like move, and now you repent it?
I've heard that perfect is the enemy of good, but that's just crazy.

It was a good move, but hardly god-like. A god-like move would have me SHORTING at $10, buying back in at $2 and making 5X as much. or selling at $30 after my original buy- in @ $6, then buying back in at $3 and making 50X as much without spending an extra cent. I was just so afraid of missing the next choo choo train that didn't really come along until 2013.

Okay, I concede.  Your greed will kill you in 3 years time anyhow, so you had might as well enjoy the moment.

[slapper]

I wonder if people are depressed because they invested more than they could afford to lose.

The ones selling you their "cheap coins" from around a month or so are obviously not as depressed.

[fonzie]

Bitfinex dumpin hard. BTC-testin new lows. 300$ soon?
I´m pretty amazed that we didn´t see the lightest bull-trap at all.

[TeeBone]

Say what.....36% voters think btc over 500 on april 20th ? Talk about delusional.

That is soonish, and I did not vote so. But surely when it snaps back, 500 is the first line to fall, not the last. My forecast stands: "if 382 holds, 500 is breached by the end of month".

I think that's right also, but it won't hold. 75% probability of breach, IMHO.

Generous. I put it at 90%+

Party's just beginning, it aint even friday !

[ampere9765]

Nope

to 420-430 then retest 380 and break down

I don't even think we make it now

Never seen the bulls so weak!!! We did got the 61.8% fibbo tag but damn!!!

People gonna be hurting when 380 breaks

[TERA]

Thing is is its literally controlled by China not technicals

Ever since $120

[btcsean]

Thing is is its literally controlled by China not technicals $382 as support doesnt mean anything when we're following Chinas every move...

I agree. This is the main reason I cashed out at $410 this morning and will hold fiat until after the 15th, and possibly the 18th. Every time we think the bad news is priced in, the market proves otherwise. The reason the value will continue to drop until those dates is because I can't be the only one with this mentality right now. I don't care if bitcoin drops to $100, I will not buy until this China crap is gone and over. Which as it seems, might never happen...

[ampere9765]

Don't worry wall street is moving in any day now. On Jun 1, btc will IPO on nasdaq and there will just be one giant candle to $5000 regardless of whatever the chart was.

Is there a way to set stop losses when margin shorting on bitfinex? or a way to automatically close them after making  say 5%?  I'd like to get a little bit back from of that $6K that I gave you, if you don't mind. Not that I'm complaining. I consider it tuition money.

Margin selling --> Stop buy = stop loss (from the pulldown)

Margin selling --> Limit buy = auto close once tagged

[AngelSky]

China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China China ...

I'm bored of this old stupid news all over again. We get it, China => Sell

Can we move on and see how Bitcoin can evolve with the world now ?

[TooDumbForBitcoin]

After a year on the sidelines, missing the $100 and $200 boats because my user name, I broke my cherry today at $393.

Anybody see the movie, "The Cooler"?  Whatever happens next is my fault.

[fonzie]

Nope

to 420-430 then retest 380 and break down

I don't even think we make it now

Never seen the bulls so weak!!! We did got the 61.8% fibbo tag but damn!!!

People gonna be hurting when 380 breaks

I don´t see any possible upwards movement, besides a fairy whale.
I´m sitting with my finger above the shorting button. And i think i will have to hit him hard soon.
I really miss those bull traps we had 4-8 weeks ago, they were so predictable, and some nice extra profit.
But the further down we felt the weaker they got, right now almost non-existable.

[jonoiv]

China / okcoin / huobi / has hardly moved.  this was that Bot on BTC-e that triggered this move.  

[mb300sd]

Just sold some to cover this months credit card bill... Time to go back up now.

[Davyd05]

After a year on the sidelines, missing the $100 and $200 boats because my user name, I broke my cherry today at $393.

Anybody see the movie, "The Cooler"?  Whatever happens next is my fault.

welcome to, ONE OF US, ONE OF US... lol

this guy joined up as well, and he used to call us Tulipmania.. maybe he's pumping now lol

http://www.cnbc.com/id/101573131

[jonoiv]

The bot is very effective by the look of it !