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

[JayJuanGee]

I made so many bad decisions today it's not even funny. I can't fucking believe that I managed to lose some money on this drop to 340 and rise up instead of making a killing.

I'm in the same club. I took my principal away long time ago, but still! Almost half of my gains in coins since December have been wiped.

told you guys this is not safe to trade, we will be going up on waves till the end of this month then the price will be somehow stable for some time (couple of weeks).

and good morning

Stable $750 to $850 .. .would be good.. but I think that we have to stay between $600 and $700 for a little while before going to the next level.. my current thinking....

[dreamspark]

Well this is fun, I thought we would have had a deeper correction by now, fine by me but it makes me suspect about how authentic any of this China news is. Either way we're at their mercy ...

[koryu]

Litecoin went from 14.17 to 13.1 in 5 minutes then back to 13.95.... talk about volatility and making profits....

my plan is to hold and not trade till the end of May

i am trading the ltc/btc pair for a week now, buying at 0.025 selling at 0.026. because its bit boring when you are only holding
its a little extra profit.

[billyjoeallen]

I know this sounds whacky, and it probably is, but the 12 HR chart on Huobi looks like one giant bot trading pattern. I have certain advanced pattern recognitions skills I have been tested for, but I can't explain how they work. It's just a feeling.  The danger is that the lower the signal to noise ratio, the greater your risk of picking up false patterns. It's not unlike Professor Nash reading Russian Codes into all those newspapers in the movie " A Beautiful Mind".

So I'm going to preface this by saying I'm probably wrong and it's most likely sour grapes from missing a bunch of trades, but I get the feeling that this is something massive, like a fraud on the scale of Mt. Gox or even greater.

I'm not a conspiracy guy. 911 truthers weird me out. I think Oswald acted alone. I don't believe in Bigfoot, Nessie or the Loch Ness Sea Monster. I think conspiracy types use the Illuminati or whatever to avoid the personal blame for being losers. So I know how stupid this is going to make me look, but something is just not right.

I don't feel like someone's out to get me. I feel like someone's out to get everyone. I'm a dude. I can't afford to make decisions based on feelings. I have to make decisions based on reason. So I need to step back and try to regain some self-awareness. This is much more likely a problem with my perception than a problem with the market, but it is such a powerful feeling of foreboding and I have no evidence at all to back it up.

Man,
Why are you flipping ideas every hour. With your idea about china wanted all the bitcoins, you must have been right. They are manipulating us since the beginning. That is just fair b/c they are putting their money on the line.

You just pushed it a little too far with the gov wanted bitcoin as a reserve currency that must have been some good weed ^^
But chinese individuals, surely wanted a biggest share of the pie. They are just buying as quick as they could before western people wake up. This is the first buying round. All chinese doing.

Well, this is only what i think anyway.

I was NOT putting that forward as a real working theory, but more of a joke, something that just popped in my head.  I didn't say the Chinese want Bitcoins as the world reserve currency. I jokingly said they wanted it as part of their foreign currency reserves so that the renminbi could become a major world currency. It is a whacky theory. Occam's razor applies. The simplest explanation is most likely correct.  If there is a major manipulation plan, which there probably isn't, it is most likely private actors doing it for personal benefit.

[windjc]

Here comes the correction folks.

[gizmoh]

Look at that long Red wick on Huobi.. Chinese says Fuck u white boy!

Usually when the wick is that long, expect bad chinese news later on..

[dreamspark]

Here comes the correction folks.

Or the bear trap...

[rudius]

I know this sounds whacky, and it probably is, but the 12 HR chart on Huobi looks like one giant bot trading pattern. I have certain advanced pattern recognitions skills I have been tested for, but I can't explain how they work. It's just a feeling.  The danger is that the lower the signal to noise ratio, the greater your risk of picking up false patterns. It's not unlike Professor Nash reading Russian Codes into all those newspapers in the movie " A Beautiful Mind".

So I'm going to preface this by saying I'm probably wrong and it's most likely sour grapes from missing a bunch of trades, but I get the feeling that this is something massive, like a fraud on the scale of Mt. Gox or even greater.

I'm not a conspiracy guy. 911 truthers weird me out. I think Oswald acted alone. I don't believe in Bigfoot, Nessie or the Loch Ness Sea Monster. I think conspiracy types use the Illuminati or whatever to avoid the personal blame for being losers. So I know how stupid this is going to make me look, but something is just not right.

I don't feel like someone's out to get me. I feel like someone's out to get everyone. I'm a dude. I can't afford to make decisions based on feelings. I have to make decisions based on reason. So I need to step back and try to regain some self-awareness. This is much more likely a problem with my perception than a problem with the market, but it is such a powerful feeling of foreboding and I have no evidence at all to back it up.

Man,
Why are you flipping ideas every hour. With your idea about china wanted all the bitcoins, you must have been right. They are manipulating us since the beginning. That is just fair b/c they are putting their money on the line.

You just pushed it a little too far with the gov wanted bitcoin as a reserve currency that must have been some good weed ^^
But chinese individuals, surely wanted a biggest share of the pie. They are just buying as quick as they could before western people wake up. This is the first buying round. All chinese doing.

Well, this is only what i think anyway.

I was NOT putting that forward as a real working theory, but more of a joke, something that just popped in my head.  I didn't say the Chinese want Bitcoins as the world reserve currency. I jokingly said they wanted it as part of their foreign currency reserves so that the renminbi could become a major world currency. It is a whacky theory. Occam's razor applies. The simplest explanation is most likely correct.  If there is a major manipulation plan, which there probably isn't, it is most likely private actors doing it for personal benefit.

Ok, didn t know if you were kidding. I like your posts.

I don t think that they want the renminbi to be a major world currency. They want it to be weak and manipulating it to do so since years. The US try to get them to stop manipulating it.

There is so much corruption in china that we shouldn t under estimate individuals manipulating gov statement. I don t know if you recall, but there was at the time, many posts about chinese people telling us to stop believing the shit they spread.

[Bitcoin_is_here_to_stay]

Here comes the correction folks.

Huobi has been certainly acting crazy today

[cech4204a]

Here comes the correction folks.

Huobi has been certainly acting crazy today

even bitstamp is not that bad at beeing crazy..

[koryu]

Here comes the correction folks.

Or the bear trap...

either way, high volume   exciting

[rudius]

Here comes the correction folks.

Hope you will have what you want. You hold the riskier position around here.

At what point you will rebuy your shorts?

[seanneko]

Here comes the correction folks.

All the way back to where we were 3 hours ago.

[windjc]

This will be the highest volume 1 HR red candle on Houbi since the recent low.

[cech4204a]

This will be the highest volume 1 HR red candle on Houbi since the recent low.

and it is still growing!

[Broseph Stalin]

I'm still waiting for $590. Unless we break $540-550 on volume and keep going, there may still be time for a pullback.
But I'm becoming more and more bullish. Fingers crossed etc.

I'm still waiting... this will be an interesting day either way. But so far we haven't been able to push far enough to convince me that the down trend is broken.
We're very close though... sooo close.

[ShroomsKit]

Here comes the correction folks.

Hope you will have what you want. You hold the riskier position around here.

At what point you will rebuy your shorts?

People like him always set their buy orders too low, always lose money and as a result spend 24/7 on the forum screaming and crying how Bitcoin is doomed and how it will go down.
Yes, it's sad and they will never learn. Those kind of traders are some of the dumbest and most annoying traders you will find. It's best to just ignore them.

[windjc]

Here comes the correction folks.

Hope you will have what you want. You hold the riskier position around here.

At what point you will rebuy your shorts?

People like him always set their buy orders too low, always lose money and as a result spend 24/7 on the forum screaming and crying how Bitcoin is doomed and how it will go down.
Yes, it's sad and they will never learn. Those kind of traders are some of the dumbest and most annoying traders you will find. It's best to just ignore them.

Fuck you mushroom.

You know nothing about me. Go read my posts. I am very honest about my hits and misses.

Its pretty obvious we are correcting. Which is normal and healthy. Corrections happen both ways. So why don't you do me a favor and add me to your ignore list like the 8000 other posters who say things you dont agree with.

[rudius]

They are just buying... lol no rest for shorts i guess. They want badly to squeeze them.

[ShroomsKit]

Can we just stop following China! This is ridiculous. Damn sheep!
Also the chance of new China FUD is quite big and we all know how that will go. Is that really what people want? We can avoid it. Stop following China!