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

[TERA]

This, and the other chart with 3 waves going down, down, down.

The market rhymes, until it doesn't.

Would you rather bet that Bitcoin experiences at least one more wave up (like the 2 pictured above), so that you make 10x with little risk of losing all?

Or that it goes down at least one more time, so that you have to use 5x leverage to double your money with real risk of losing all?

IMO it is more probable and more profitable to bet on the first option only, and leave the second one aside. As you might remember, I played the downswings a lot but stopped in February 25, not willing to be crushed by the train.

All I'm doing in my post is noting how the ichimoku cloud coincide's with his statement about a decision point occuring in 30 days. I'm not even saying which one will occur.

[dreamspark]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

[TERA]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

what news?

[lemonte]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

what news?

The final Goxxing.

[gizmoh]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

Its just a pump trying to save the 3000 barrier. Chinese whales love to market buy, trying to give impulse and momentum..

[ElectricMucus]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

what news?

http://www.reuters.com/article/2014/04/24/us-bitcoin-mtgox-bankruptcy-idUSBREA3N0KM20140424

[dreamspark]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

what news?

Coins to be liquidated.

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf

[TERA]

Huobi responding to the news in typical whatever you wouldnt think the market would do it does fashion.

what news?

The final Goxxing.

That's a negative news. I thought we were discussing the buying.

[ChartBuddy]

Explanation

[TERA]

Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

[ElectricMucus]

Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

No it's not stop spreading FUD.



...
lol seriously.

[roslinpl]

Do these sudden buys at huobi mean something?

Yeah it means that people want coins!

Perhaps they know that there will be no lower price

[Mervyn_Pumpkinhead]

It's funny how no one is actually paying attention, that 600k of MtGox coins are still missing without any information.
That should be a lot scarier then the 200k coins that will have an public auction.

The current Huobi little spike was probably caused by an late migrant, who also caused some panic buying among those with itchy fingers.

[pandacoin]

Price is between 470-484 $ in last 24 hours. Trend should break up or down these hours.

[dreamspark]

Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.

Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it...

[TERA]

Also, why would the buying immediately start just on Huobi and nowhere ele, with the other exchanges following several minutes later? It's like they're just firing up their regular pumping routine because there is 'news' yet they don't understand what it actually is.

[ShroomsKit]

I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?

And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...

Because there is a small group of people with a lot of coins who want to take us down.
It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation.
I have no idea who these people are. I'm not into conspiracies but it stinks.

[GaliX]

I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?

And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...

Because there is a small group of people with a lot of coins who want to take us down.
It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation.
I have no idea who these people are. I'm not into conspiracies but it stinks.

the devil Mark.

[TERA]

I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?

And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...

Because there is a small group of people with a lot of coins who want to take us down.
It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation.
I have no idea who these people are. I'm not into conspiracies but it stinks.

The dumping occurs because of how overbought it is relative to the current downtrend midpoint, and occurs when all the traders, longs, and distributors realize that a peak is being reached and that everyone is starting to dump. They realize that now is the point where they can take the maximum profit possible (or get the most value, or realize the least loss). Then it becomes a competition. I don't think there is a conspiracy, or an evil intent.

[akujin]

just bouncing at the line