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

[octaft]

10 days ago you were expressing a strong opinion that we were going upto $500....you were posting all your fictitious charts trying to justify your claims....when others suggested you should go short instead as it was obvious we were heading for $400 you lambasted them..i told you we were on a clear downtrend and you expressed your opinion it would be a great time to buy as it was a "classic bottom" - and now you are arrogant enough to still try and claim your accuracy...what planet are you living on?

nothing was obvious, and nothing was strong, and I never said it was. a 'classic' bottom was the context of that bottom, which it was. the sentiment and news that surrounded it. if you didnt notice, we spent weeks in consolidation after that bottom. when/if I call the bottom, note how I will call it the Bottom. but for crying out loud, you are reading a day traders thread!

I imagine you have wriggled out of some fights in your time with your endless contradictions.

This isn't a day traders thread...its the wall observation thread...big difference.

We used to discuss medium to long term as well as daily movements...if you want to talk about the next 15 minutes, why don't you and your endless, meaningless, inaccurate charts fuck off and start a new thread where you and the other ADD sufferers can circle jerk each other.

Thanks for the support Bangersdad and Creekbore -- I'm glad I'm not the only person this guy is annoying.

He's not annoying to me, but he does seem kinda full if it, considering he was calling bottom like $100-$150 ago.

[Kramerc]

This is just like the gox downtrend. Once day something concrete and obvious happens to show everyone gox is in trouble.  The next day some piece of news comes out where some guy says everything is ok at gox. And it goes up and down and on and on with everyone in denial until finally gox just closes. I cannot wait till Huobi is simply closed, and there is no more debate about it.

I agree completely. And I think that will be a hell of a bullish day. Maybe then the market will finally realize that the chinese actually hold/trade at most a quarter of the volume presented by the exchanges. Realistically, way less than that, maybe a 10th.

[nanobrain]

He's not annoying to me, but he does seem kinda full if it, considering he was calling bottom like $100-$150 ago.

It's annoying when you ask him to tone the arrogance down and he misrepresents you and then attempts to coerce you.

[magicmexican]

Looks like btc-e will be first to trap some noobs

[PoolMinor]

nanobrain killin it up in here

I'm sorry but as one of the few female contributors here all this endless dick measuring by boys whose brains are still growing really irks me.  I come here to learn but the hubris that some display is overwhelming.

[nanobrain]

nanobrain killin it up in here

I'm sorry but as one of the few female contributors here all this endless dick measuring by boys whose brains are still growing really irks me.  I come here to learn but the hubris that some display is overwhelming.

Classic...thanks...kickin' myself

[octaft]

He's not annoying to me, but he does seem kinda full if it, considering he was calling bottom like $100-$150 ago.

It's annoying when you ask him to tone the arrogance down and he misrepresents you and then attempts to coerce you.

Yeah I believe the post was edited before I saw it because I'm not sure what you're referencing with the misrepresentation thing.

There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.

Your best bet in my opinion is not to waste your time crusading against it, because it won't work, and because the only people suckered in are the ones who don't care to spend the time to educate themselves on how to do the analysis on their own. That being said, I don't tell people what to do with their lives, so if you wish to continue arguing with people like that, you don't need my permission. You guys are kinda crushing him, and it is pretty entertaining, so if it floats your boat, do your thing.

[dreamspark]

Looks like btc-e will be first to trap some noobs

You feeling a bear trap ? I personally think this bounce to $4XX was another good chance to short as I'm confident in the next few days we will retest those lows. As per bullish mid to long term but bearish right now.

[runam0k]

There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.

Easy to call him out by pointing to his original posts on the mirror site.

[magicmexican]

Looks like btc-e will be first to trap some noobs

You feeling a bear trap ? I personally think this bounce to $4XX was another good chance to short as I'm confident in the next few days we will retest those lows. As per bullish mid to long term but bearish right now.

No i dont think that retest is coming, 360-370 maybe, 35-40% chance

[JayJuanGee]

He's not annoying to me, but he does seem kinda full if it, considering he was calling bottom like $100-$150 ago.

It's annoying when you ask him to tone the arrogance down and he misrepresents you and then attempts to coerce you.

Yeah I believe the post was edited before I saw it because I'm not sure what you're referencing with the misrepresentation thing.

There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.

Your best bet in my opinion is not to waste your time crusading against it, because it won't work, and because the only people suckered in are the ones who don't care to spend the time to educate themselves on how to do the analysis on their own. That being said, I don't tell people what to do with their lives, so if you wish to continue arguing with people like that, you don't need my permission. You guys are kinda crushing him, and it is pretty entertaining, so if it floats your boat, do your thing.

I would think that Chestnut becomes annoying only in the sense that he is having troubles knowing how to effectively respond to personal attacks from a few of you posters, who are tricky and he is having trouble reacting so he employs some of the same less than honest spin techniques to exaggerate points. 

I am NOT annoyed by it, but I do get a sense that Chestnut is outgunned by some tricky bullies.  I personally, attempt NOT to sink to the low levels to get back at you guys, but he seems to think that may be an effective technique.

Also @ Creekbore:  I think that speculation is fair in this thread..   this thread is in the speculation subsection of the forum...   I agree that sometimes too much speculation can be annoying especially when it seems to shift too frequently, but a lot of us are guilty of the same thing.. shifting speculations based on new facts and reassessments of the situation in front of us.

[JayJuanGee]

There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.

Easy to call him out by pointing to his original posts on the mirror site.

We should NOT be able to edit or delete our posts after a certain period of time.  That is just screwed up.

[podyx]

There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.

Easy to call him out by pointing to his original posts on the mirror site.

We should NOT be able to edit or delete our posts after a certain period of time.  That is just screwed up.

just so that some dickriders can brag about how good they are speculating?

lol, cmon man

[ChartBuddy]

Explanation

[dreamspark]

Looks like btc-e will be first to trap some noobs

You feeling a bear trap ? I personally think this bounce to $4XX was another good chance to short as I'm confident in the next few days we will retest those lows. As per bullish mid to long term but bearish right now.

No i dont think that retest is coming, 360-370 maybe, 35-40% chance

I hope your right but it wouldn't take much to take it back down, at this point in time theres a plethora of FUD that could take us back there.

[TERA]

Train pics or it didn't happen.

[Cassius]

did we see bottom?

I'm going to say yes, because of this.
http://finance.china.com.cn/news/special/boao2014/20140411/2327233.shtml

Is there anything in this we didn't already know? It's a little hard to tell through Google translate and Chinese circumlocution, but doesn't it just restate that bitcoin isn't banned, and nothing about how the exchanges will have their banking services withdrawn shortly?

[spooderman]

so much for double/triple bottoms.

I thought they were a real thing.

Anyone care to post a picture of an example of one ocuring?

[mah87]

so much for double/triple bottoms.

I thought they were a real thing.

Anyone care to post a picture of an example of one ocuring?

Technical analysis is shit

[BBmodBB]

shitstorm hasn't even started yet...but then again the Mt. Gox episode was prolly the most substantial event to erode consumer confidence? :\ jmo