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

[aminorex]

new PLH on huobi, 2500 breached, stamp lagging by $10 now

[derpinheimer]

I think $339.8 was the bottom. Whats ya'lls thoughts?

not even close, this gonna get fugly me thinks

Glad I didnt listen to you :O

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.

Or you!



Making some BTC on this drop.. for once!

[seleme]

Huobi had fairly low volume yesterday, 100k only. March 27th was more than double of that.

[JayJuanGee]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime!  

That is assuming that these guys are dumping to make money in the short-term.  Some of these dumps are probably NOT directly profitable... and those costs of unprofitable dumps may likely be built in.. to get bigger rewards in other ways and on other days.

@BitChick, agreed.

I have no idea what JJG is talking about but if we could power BTC on hot air we'd be laughing  

O.k.  If you do not understand, that's fine. 

You don't really seem to want to get into any substantive discussions of anything anyhow.. 

You seem to just want to throw out random comments, insults or to purposefully speak vaguely.  I prefer NOT to have those kinds of non-grounded conversations anyhow.

[seleme]

Pretty thin ask side on Huobi, this might have some legs.

[cAPSLOCK]

...patronizing statements ...

pots and kettles

that's racist

Nominated for post of the day.

[aminorex]

time to start sending btc to china again, broke 432 437

[JayJuanGee]

...patronizing statements ...

pots and kettles

that's racist

he he he .. o.k now I get it....

Nanobrain likes to speak vaguely and with out specifics... so I will await for him to provide specifics before exploring this topic further.

[andyatcrux]

Did everyone step into a bear panda trap? That would not be surprising at all.

[seleme]

Time to short soon.

[infofront]

Did everyone step into a bear panda trap? That would not be surprising at all.

No, but a few people are likely stepping into a bull trap right now.

[JayJuanGee]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

Doubt it. Final bottoms don't get such weak bounces.

I know that we are all speculating here... but When do you think the $340 will be retested?   in the next several hours? or over the weekend or sometime later?  It seems if they are going to retest, it is better to do it while there is some momentum.. sooner rather than later.

Not necessarily immediately but it might happen, it's been long downtrend and with China stuff neverending story you never know when it will hit again.

I don't have idea really, just doesn't look as proper bounce from final bottom and I am playing it safe this time even if it means buying higher.

I was thinking that we were going to get some downward pressures over the weekend.. but you never know if we shoot back up to mid $400s, we may float there for a while.

[ChartBuddy]

Explanation

[TeeBone]

Time to short soon.

What a gift.   

[aminorex]

you will have a hard time breaking below 400 after tonight.

[TeeBone]

you will have a hard time breaking below 400 after tonight.

Bwahahaha can i quote you ?

[seleme]

Time to short soon.

What a gift.   

17 btc at 410, let's see how it will play.

[cbutters]

Breaking news... bitcoin not banned in china

http://finance.china.com.cn/news/special/boao2014/20140411/2327233.shtml

Excerpt:
China Network Finance April 11 news (reporter Zhang Qian) noon today, the central bank governor Zhou Xiaochuan participate in Boao Forum on the future of the central bank. Zhou Xiaochuan on the forum, said the central bank was not actually bitcoin start, not to mention what banned. But Zhou said his concern is that "Bitcoin is an energy asset transactions, not quite like the currency of payment, such as stamps and the like, are mainly collections."
　　He said that as trading assets. Bitcoin is not part of our jurisdiction, there is no ban issue.

Seems like the chinese are taking the statements to heart though.

[aminorex]

you will have a hard time breaking below 400 after tonight.

Bwahahaha can i quote you ?

sorry to make you cry.  you already did

[seleme]

Time to short soon.

What a gift.   

17 btc at 410, let's see how it will play.

117$, not bad for 5 minutes