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

[gizmoh]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

[1714692779]

1714692779

[1714692779]

1714692779

[1714692779]

1714692779

[1714692779]

1714692779

[1714692779]

1714692779

[billyjoeallen]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The idiots are washed out. The people who sold low and bought high. Smart bulls and bears BOTH made money

[ChartBuddy]

Explanation

[magicmexican]

1min on huobi is scary

[EuroTrash]

Most obvious prediction is down to 2500 on huobi

Huobi is dying, if I read this right.

http://bitcoinblog.de/2014/04/12/its-not-a-survivors-game-its-a-losers-game/

[roslinpl]

Explanation

I guess this doesn't looks too bad.  I was expecting exciting weekend but still this is better than worse.

[minerpumpkin]

Explanation

I guess this doesn't looks too bad.  I was expecting exciting weekend but still this is better than worse.

Well Bitcoin performed very well for a falling-friday and is still holding strong on a sell-of-saturday. Let's see what happens tomorrow and on monday. Everything can happen, but I'm quite optimistic. It somehow feels a lot better than the whole last month!

[minerpumpkin]

It seems as if huobi, btcchina and BTC-e have detached themselves from the rest. Stamp and Bitfinex are doing just fine!

[jonoiv]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

[JayJuanGee]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

I am more worried about the bag being on the train, while I am standing at the railway station platform trying to figure out how to get to the next train station so I can get on the train.

[rudius]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

You think? funny, cause my bet is that they want some bears to retest the 400 barrier.

Some people are worried they will be squeezed.

[billyjoeallen]

1min on huobi is scary

On that volume? Almost meaningless. Many if not post panic sellers sold in the crash to $340. When and if The China Syndrome plays out, we know the likely support is $340. Big players aren't selling right now. They're holding and looking for an opportunity to buy more.  A second test pf $340 on high volume is a double bottom and an end to the bear market.

Some people define a bull or bear market as a change of more than 20%. In that case, we're already in a bull market. 

[rpietila]

some people are worried of being a 450 bag holder.  

Okay, let's give it 100 days!


(Anyone who bought at 450 is not worried of anything. Some who entered at 1000 and doubled down at 600-800 may be, but they have already shed a lot of coins so after 100 days we should be at about 4000)

Haha, bulls feel the need to refute such accusations. When they don't refute, just ridicule, it's time to sell

[roslinpl]

Explanation

I guess this doesn't looks too bad.  I was expecting exciting weekend but still this is better than worse.

Well Bitcoin performed very well for a falling-friday and is still holding strong on a sell-of-saturday. Let's see what happens tomorrow and on monday. Everything can happen, but I'm quite optimistic. It somehow feels a lot better than the whole last month!

I agree I have same optimistic thoughts about price in next few days.  Tomorrow is Sunday so I expect a little drop at the end of a day.  But I would bet Monday will bring few bucks more to the value.

China bitcoin crisis is no more treating me.

[jonoiv]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

I am more worried about the bag being on the train, while I am standing at the railway station platform trying to figure out how to get to the next train station so I can get on the train.

And there are plenty of people like you that feel the same.  

I think when we finally hit the bottom we will level out for a while.  I don't see a big bounce, followed by choo choo.  So for me at least there is a lot less risk in dollars or yuan.

All the gox, China, Australia news, does not go away overnight, and it's new investors that are needed. More bad news could be just around the corner.  Many personal investors with serious cash are older, and don't understand bitcoin, and are naturally more conservative.  Corporations, wouldn't touch bitcoin with a shitty stick right now, as it looks risky on price and it looks even riskier on regulation.  Lets face it, there is no good news for new investment.

[jonoiv]

some people are worried of being a 450 bag holder.  

Okay, let's give it 100 days!


(Anyone who bought at 450 is not worried of anything. Some who entered at 1000 and doubled down at 600-800 may be, but they have already shed a lot of coins so after 100 days we should be at about 4000)

Haha, bulls feel the need to refute such accusations. When they don't refute, just ridicule, it's time to sell

But be honest,  you have so many coins i'm guessing you could probably crash the market if you wanted.  You have a vested interest in not doing this, but you must be very concerned. 

Bitcoin is great invention, it has great support but it's no where near main stream yet.  I have been a miner since Nov 2011, and I work in a very geek orientated environment, there are over 100 working in my team.  They are all tech geeks and out of these people only maybe 3 or 4 have mined bitcoin.  It's very very niche outside of our little world. 

I  have made some money from BTC but I could never recommend it to a friend or relative, because I couldn't live with myself if they lost a lot of cash as a result of my advice.

Also in the April 2014 crash bitcoin lost 75% without any fundamental reason for the crash. We're not at 75% yet and we have been plastered with negative reports on mainstream media.  The only bitcoin stories I have seen recently on mainstream TV in the UK have been about gox and the crash.  That sticks in peoples minds.

450 remains in my mind to high imho.

[podyx]

@jonoiv

Ain't no bull who's afraid

Only bears are

That should tell you alot

[ChartBuddy]

Explanation

[billyjoeallen]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

I am more worried about the bag being on the train, while I am standing at the railway station platform trying to figure out how to get to the next train station so I can get on the train.

And there are plenty of people like you that feel the same.  

I think when we finally hit the bottom we will level out for a while.  I don't see a big bounce, followed by choo choo.  So for me at least there is a lot less risk in dollars or yuan.

All the gox, China, Australia news, does not go away overnight, and it's new investors that are needed. More bad news could be just around the corner.  Many personal investors with serious cash are older, and don't understand bitcoin, and are naturally more conservative.  Corporations, wouldn't touch bitcoin with a shitty stick right now, as it looks risky on price and it looks even riskier on regulation.  Lets face it, there is no good news for new investment.

 LOL. Can I quote you on that? What's App sold for $19 Billion dollars.  You don't think there aren't one or two VCs considering the possibility of cornering the market for the next rally? NONE??  10% of CoinBase and Blockain wallets holders could support this price level for less than $10 a day. By themselves. I have thousands of dollars waiting for bear suckers to dump so that I can take your coins. I'm pretty sure we can come up with money to buy longer than you can come up with coins to sell. The Fed is quantitatively easing ~ $50 Billion/month.

Maybe I'm wrong. We'll see.

[jonoiv]

Most obvious prediction is down to 2500 on huobi

Bears are washed out, the current selling is mainly profit taking.
We aren't going below 400 unless fresh Fud news from china comes in.

The bulls seem more washed out to me, I don't see many people buying at the moment.

some people are worried of being a 450 bag holder.  

I am more worried about the bag being on the train, while I am standing at the railway station platform trying to figure out how to get to the next train station so I can get on the train.

And there are plenty of people like you that feel the same.  

I think when we finally hit the bottom we will level out for a while.  I don't see a big bounce, followed by choo choo.  So for me at least there is a lot less risk in dollars or yuan.

All the gox, China, Australia news, does not go away overnight, and it's new investors that are needed. More bad news could be just around the corner.  Many personal investors with serious cash are older, and don't understand bitcoin, and are naturally more conservative.  Corporations, wouldn't touch bitcoin with a shitty stick right now, as it looks risky on price and it looks even riskier on regulation.  Lets face it, there is no good news for new investment.

 LOL. Can I quote you on that? What's App sold for $19 Billion dollars.  You don't think there aren't one or two VCs considering the possibility of cornering the market for the next rally? NONE??  10% of CoinBase and Blockain wallets holders could support this price level for less than $10 a day. By themselves. I have thousands of dollars waiting for bear suckers to dump so that I can take your coins. I'm pretty sure we can come up with money to buy longer than you can come up with coins to sell. The Fed is quantitatively easing ~ $50 Billion/month.

Maybe I'm wrong. We'll see.

I will be buying again too, just not at 420.   (unless something changes)