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

[KeyserSoze]

...there is much support.

If I only had a bitcoin for every time I've heard this.

[TERA]

   

[windjc]

   

The bitcoin community's reaction to MtGox?  What the hell is he talking about?

Who is the f***ing community and how did "they" react exactly? And what does this have to do with accepting payments?

[chessnut]

   

this is an authentic sample of social mood. bearish.

[windjc]

   

this is an authentic sample of social mood. bearish.

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

[KeyserSoze]

Tell them world's reaction to USD inflation has caused you not to use it. Continue to look for a company that wants your business. Vote with your Bitcoin.

[ChartBuddy]

Explanation

[Asrael999]

If someone with 5000+ coins wanted to make some quick money, they could dump their bitcoins anytime (not all at one time of course) over the next 24 hours and break us out of the triangle to the downside and people would join the bear party. Similarly someone could do it to the upside too, but, in this case I think there are more people with the bitcoins who could do this than with the cash to do the opposite.

Actually there are a lot more people globally with say USD 3,500,000 than there are with BTC 5,000. Its just a question of how many of them want 5000 coins, and how many people with 5000 coins want circa $2.3mm

[chessnut]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

[windjc]

If someone with 5000+ coins wanted to make some quick money, they could dump their bitcoins anytime (not all at one time of course) over the next 24 hours and break us out of the triangle to the downside and people would join the bear party. Similarly someone could do it to the upside too, but, in this case I think there are more people with the bitcoins who could do this than with the cash to do the opposite.

Actually there are a lot more people globally with say USD 3,500,000 than there are with BTC 5,000. Its just a question of how many of them want 5000 coins, and how many people with 5000 coins want circa $2.3mm

Of course, but that money has to be sitting on an exchange today. And there are A LOT less of those people in the world today.

[windjc]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

[chessnut]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

FUD. Ill keep this in my collection of forum facts for later 

give me a reason.

[windjc]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

FUD. Ill keep this in my collection of forum facts for later  

give me a reason.

What? I'm not making this up. I'm getting it from your posts. You said today in another thread that if this doesn't take off as Wave 5 it would be a C and that would mean lower.

You also admit a bearish fundamental sentiment.

I can go on. But I am not sure why you are trying to keep up appearances. I think you know this is at least as likely to go down than up from here.

[jl2012]

   

The bitcoin community's reaction to MtGox?  What the hell is he talking about?

Who is the f***ing community and how did "they" react exactly? And what does this have to do with accepting payments?

https://www.survivalfood.com/mountain-house-turkey-tetrazzini-pouch/



They use mtgox as payment processor (!!!) Obviously they are goxxed

[ShroomsKit]

My crystal ball says it's dumping time

[TERA]

First of all the 3D MACD is going on and off at bitstamp and at Huobi it is there but it is unconfirmed. You need to see two green bars for it to be confirmed.  Second, the 3D MACD cross is NOT the holy grail of bitcoin. If you look at 2011, the 3D MACD crossed up at $4 only to proceed to crash a second time to $1.9. You then had another chance to buy at $4 2 months later, this time using the 1W MACD as an indicator.

[chessnut]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

FUD. Ill keep this in my collection of forum facts for later 

give me a reason.

What? I'm not making this up. I'm getting it from your posts. You said today in another thread that if this doesn't take of as Wave 5 it would be a C and that would mean lower.

You also admit a bearish fundamental sentiment.

I can go on. But I am not sure why you are trying to keep up appearances. I think this is at least as likely to go down than up from here.

no no, you said the market is about to flip. that is not a fact. there is still time left for a wave V interpretation, but it is running out.

if you dont understand that sentiment is a contrary indicator, then sorry for you.

sounds more like you are trying to convince yourself.

[dreamspark]

   

The bitcoin community's reaction to MtGox?  What the hell is he talking about?

Who is the f***ing community and how did "they" react exactly? And what does this have to do with accepting payments?

https://www.survivalfood.com/mountain-house-turkey-tetrazzini-pouch/



They use mtgox as payment processor (!!!) Obviously they are goxxed

LOL and it still tries to load a gox payment page.

No wonder they think the community reaction is bad Gox probably owes them loads of money!

[windjc]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

How low will we go do you think?

I have no idea. I would guess low 400s at least one more time.

But I keep waiting to see new fiat. I thought this might reverse into a bull market weeks ago, but new fiat never showed up.

I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

I also feel like we technically we haven't hit a low at 340, but really that doesn't matter if all the bitcoin holders of the world hold.

There must be a record low of non-chinese coins on the exchanges these days and we can't really see what's happening offline.

If the China news is over, then I think the bear market is close to finished. If China news gets worse, we will test lows again possibly or lower.

The thing is that there are so few bitcoins that it doesn't take a lot to keep them at these prices.

[windjc]

Right now you are like the 3 day MACD but in reverse. You are slowly getting ready to flip.

who me? hey I just read the charts. Ill flip when the market flips.

Like I said. You are about to flip.

FUD. Ill keep this in my collection of forum facts for later 

give me a reason.

What? I'm not making this up. I'm getting it from your posts. You said today in another thread that if this doesn't take of as Wave 5 it would be a C and that would mean lower.

You also admit a bearish fundamental sentiment.

I can go on. But I am not sure why you are trying to keep up appearances. I think this is at least as likely to go down than up from here.

no no, you said the market is about to flip. that is not a fact. there is still time left for a wave V interpretation, but it is running out.

if you dont understand that sentiment is a contrary indicator, then sorry for you.

sounds more like you are trying to convince yourself.

You're confused. I was simply comparing the 3 Day MACD going bullish to you going bearish.