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

[Todorius]

So... The bottom is finally in?

Maybe.

This are just arbitrary lines. Gratulations

I'd say they are not so arbitrary.
The exponential resistance and support trendlines are correct, as well as the linear downwards channel from the dec bubble pop.

[dreamspark]

There will be a delay between the time when the coins bought on Huobi will be sold on BTC-E again. There will be a lot of chaos and drama until this process is over.

What are you on about, with $0 spread and the fact the price has moved past where you could have bought Huobi coins, just be quiet if you're gonna spout dribble.

[ShroomsKit]

I love it how the bears are staring at the screen right now with their open $320 buy orders just wondering where it went wrong.

[magicmexican]

fibo levels on huobi working great now

where are you placing your lines?  from the 3000 peak?

For 15min works well so far, placing top @3000 is also ok, but this one caught the bottom of the bear trap to ~2470

[magicmexican]

I love it how the bears are staring at the screen right now with their open $320 buy orders just wondering where it went wrong.

I dont think that anyone who've sold @360-350 placed their orders that high, probably below 300, closer to 266

[dreamspark]

Definately in short squeeze territory. Feel sorry for anyone leveraged short at anything below $400, thats gotta hurt at the risk of being liquidated by this spike.

[jonoiv]

fibo levels on huobi working great now

where are you placing your lines?  from the 3000 peak?

For 15min works well so far, placing top @3000 is also ok, but this one caught the bottom of the bear trap to ~2470

Looks like it's bang on the money.

Do you think we'll break the 2700 line?

[dreamspark]

726 market buy mmmmmm

Edit: closer to 1000BTC

[_javi_]

Excuse me, but i still dont understand how can you predict a market that evolve based on NEWS (or chinese FUD).

I think you adapt your lines to what happened before.

TA doesnt fit our beloved and volatile BTC.
(imho)

[magicmexican]

huobi going for that 2700 for suuuuurrr

[rjp55]

Who sold at 360? Lolz

[Mervyn_Pumpkinhead]

There will be a delay between the time when the coins bought on Huobi will be sold on BTC-E again. There will be a lot of chaos and drama until this process is over.

What are you on about, with $0 spread and the fact the price has moved past where you could have bought Huobi coins, just be quiet if you're gonna spout dribble.

No thank you, I have told countless times that I won't buy into the rises that are only fueled by the desperation and denial of the fools Too unstable and unpredictable to be an good gamble.

Anyway, it'll be fun to see the drama when the wave breaks. When people are genuinely surprised again on why is this happening.

[ShroomsKit]

I love it how the bears are staring at the screen right now with their open $320 buy orders just wondering where it went wrong.

I dont think that anyone who've sold @360-350 placed their orders that high, probably below 300, closer to 266

Even better

[mmitech]

Good morning guys, yesterday (today) I was up till 5:00 Europe time (GMT+2), didnt sleep the whole night, I couldnt resist watching what was happening, I had price alarms going off, they kept waking me up and I had to turn my phone off but when I woke I was a bit surprised.

I still dont know how the hell we bounced back this fast, I need to finish my cofee and smoke a couple of cigarets first. then I can read up forward  

[jonoiv]

huobi going for that 2700 for suuuuurrr

If it makes it there I see a massive break out trade.

what do you think?

[jonoiv]

Good morning guys, yesterday (today) I was up till 5:00 Europe time (GMT+2), didnt sleep the whole night, I couldnt resist watching what was happening, I had price alarms going off, they kept waking me up and I had to turn my phone off but when I woke I was a bit surprised.

I still dont know how the hell we bounced back this fast, I need to finish my cofee and smoke a couple of cigarets first. then I can read up forward  

not sure myself.  someone posted a rumor that China are not in fact banning bitcoin.  I have no idea if true

[porcupine87]

One question: People said that the gox chaos was the equivalent to the Silk Road close down. But couldn't that be China as well?
-> Bitcoin needs Silk Road. Without Silk Road it will crash down. We don't like Silk Road but we like to rise prises (or rather not fall prices). It like a pact with the devil.
-> MtGox? Everyone saw the flaw with it but whales just used it.
-> China? I think not many bitcoiners like a centralized economy and strong goverment. But China has. The goverment has a lot of power and it is possible they ban Bitcoin (muuuuch more likely than western states). But hey, we don't want to decrease prices. So China is good.

But is this the value of Bitcoin? Silk Road? A shitty exchance? A country with relativly poor infrastructure, entrepeneurship and high power goverment?
Ask yourself that!

[magicmexican]

huobi going for that 2700 for suuuuurrr

If it makes it there I see a massive break out trade.

what do you think?

I really have no clue what will happen there, i could see it going to high 2800's, like 2850-2880, i dont see 3000 yet

[wachtwoord]

Good morning guys, yesterday (today) I was up till 5:00 Europe time (GMT+2), didnt sleep the whole night, I couldnt resist watching what was happening, I had price alarms going off, they kept waking me up and I had to turn my phone off but when I woke I was a bit surprised.

I still dont know how the hell we bounced back this fast, I need to finish my cofee and smoke a couple of cigarets first. then I can read up forward  

not sure myself.  someone posted a rumor that China are not in fact banning bitcoin.  I have no idea if true

It doesn't matter whether it's true because it's completely irrelevant.

[rjp55]

I'm starting to see a lot of big green candles, they are quite pretty.