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

[hdbuck]

Bitstamp´s small orderbook will be wrecked in the next hours. I can´t see us going down slowly anymore.
After 380$ is done the floodgates will be opened and we will probably see some real huge red candles.
I think we might get near the real bottom in the next 2-3 days, wherever that is.
70-80$ eventually will hold!  

down we go!

[ampere9765]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

We have slowly descended from 710 to 390 over 5 weeks...

[TeeBone]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

You think this was it? Watch out, as you might be proven very wrong. Nothing is certain at this stage.

Last cries of desperate permabulls, noone in their right mind should be listening to them at this point, they've been calling cheap coins since 1K.

[hdbuck]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

You think this was it? Watch out, as you might be proven very wrong. Nothing is certain at this stage.

Last cries of desperate permabulls, noone in their right mind should be listening to them at this point, they've been calling cheap coins since 1K.

$1k will be cheap coins 5 years from now 

[coins101]

All that effort to get LTC on to the big Chinese exchanges.

[smoothie]

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.

All of this movement makes no difference to me. It really is about being able to weather the storms that matters long term.

[MinermanNC]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

You think this was it? Watch out, as you might be proven very wrong. Nothing is certain at this stage.

Yes I agree, but we have had weeks of anticipation of what impact China would have,,, we all knew it was coming and yes we have suffered a 150ish drop since all the bad news started really sinking in,,, the previous drops can be attributed to MT Gox and alike and tons of fud  to boot. I still have some faith left that the underlying concept of BTC is strong, alive and well and will continue on and grow and we will recover robustly. Keep Hodling  

[seleme]

We're so lucky to have an option to see order books on Bitcoin exchanges. Last few days, I'm trying to get myself into Forex and charts are all you got, so different to trade.

[fonzie]

Stamp and co. are in dump mood but still waiting for the starting signal from China.
BTC-E looks like Gox in it´s last days.

[virtualfaqs]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

You think this was it? Watch out, as you might be proven very wrong. Nothing is certain at this stage.

Yes I agree, but we have had weeks of anticipation of what impact China would have,,, we all knew it was coming and yes we have suffered a 150ish drop since all the bad news started really sinking in,,, the previous drops can be attributed to MT Gox and alike and tons of fud  to boot. I still have some faith left that the underlying concept of BTC is strong, alive and well and will continue on and grow and we will recover robustly. Keep Hodling  

I'm not sure what you mean by this. We all knew any news coming out of China would lower BTC price. No one knew if China would ban BTC. As of this time, it's still not banned. If it is, the price will go down more.

[Mythul]

Guys really now, do you really think that all those investors which put millions of dollars into the infrastructure, hired developers and sponsored start ups will let bitcoin die and go to 0 just because China banned it ?

[fonzie]

Byebye 380$ @BTC-E. 

[coins101]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

You think this was it? Watch out, as you might be proven very wrong. Nothing is certain at this stage.

Yes I agree, but we have had weeks of anticipation of what impact China would have,,, we all knew it was coming and yes we have suffered a 150ish drop since all the bad news started really sinking in,,, the previous drops can be attributed to MT Gox and alike and tons of fud  to boot. I still have some faith left that the underlying concept of BTC is strong, alive and well and will continue on and grow and we will recover robustly. Keep Hodling  

I'm not sure what you mean by this. We all knew any news coming out of China would lower BTC price. No one knew if China would ban BTC. As of this time, it's still not banned. If it is, the price will go down more.

They won't ban it.

Just currency controls and stopping people from taking their wealth out of the country.

[fonzie]

Guys really now, do you really think that all those investors which put millions of dollars into the infrastructure, hired developers and sponsored start ups will let bitcoin die and go to 0 just because China banned it ?

Yes

[MinermanNC]

I think we see back over 400 by tonight, really everyone was fearing when the big China day came (and now its here) it would be the end of BTC for a while anyways.....and were only down 50 bux??? all day now......I guess make what ya want of it.... Ill just be glad when the China fears are flushed out so we can begin to move forward and focus on all the positives as of late for Crypto again

We have slowly descended from 710 to 390 over 5 weeks...

Believe me I know, but its been in segments and then levels off until the next event. I keep waiting for the next positive event to turn this ship around again. There has been some good things lately that I would have thought would encourage the market, but still tho we are in the shadow of Gox, fud and China,,, just trying to keep things in perspective  

[lemonte]

Guys really now, do you really think that all those investors which put millions of dollars into the infrastructure, hired developers and sponsored start ups will let bitcoin die and go to 0 just because China banned it ?

+1

[magicmexican]

hm why is btc-e going full retard

[seleme]

lol, btc-e 15+ below Huobi. WTF 

[hdbuck]

Guys really now, do you really think that all those investors which put millions of dollars into the infrastructure, hired developers and sponsored start ups will let bitcoin die and go to 0 just because China banned it ?

it's precisely them who are pulling the price down. need to stack more cheap cash

[jonoiv]

Stamp and co. are in dump mood but still waiting for the starting signal from China.
BTC-E looks like Gox in it´s last days.

I think there  won't be any further movements until, 8-10am ish in China!  (5 or so hours)

There is quite often a small rally in huobi / China at this time.  On all weekdays.  I noticed this, as a bear it really pissed me off.  No matter the mood there always seems to be this small rally at this time.

The dumping is BTC-e at the moment.  some bear / whale dumping and this death bot that has been popping up for the last few weeks.