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

[Bitcoin_is_here_to_stay]

bitfinex shows that there is still more leveraged longs than shorts - wonder if they will be squeezed any time soon?

[Bitcoin_is_here_to_stay]

F***ing bloodbath.

"Buy When There's Blood In The Streets" - Baron Rothschild

you buying? another saying is to never attempt to catch a falling knife ...

[aminorex]

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.

coinffeine.com

[shmadz]

F***ing bloodbath.

woot!

blood on the streets is what we're looking for right?

this is looking gorgeous on every exchange except cavirtex  

stupid Adam convinced all those silly Canadians to HODL! Damn you Adam!!!


jk  

[ShroomsKit]

And the idiots on stamp just keep on dumping. They have no clue what's going on but dump they must.

[podyx]

[shmadz]

And the idiots on stamp just keep on dumping. They have no clue what's going on but dump they must.

hey, now,

in their defense...

when you gotta dump, you gotta dump.

[KeyserSoze]

We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.

If there was supposed to be support at 472 and it didn't materialize, why in the world would you believe other magic numbers will work?

[chessnut]

it's only a blood bath after everyone who is subject to sell has sold. buy when there is blood, but make sure everyone is done bleeding.

we gonna look for an impulsive exhaustion the EW folks will keep ya'll updated  

[windjc]

Chessnut is in denial.

I told you Chessnut. I told you.

says the guy who bought at 475 then sold at 500. lol im not in denial Im short from 485.

you didn't tell me that Alipay would ban it, and that cash deposits would stop. you just chanted there was not enough fresh fiat or some rubbish like that.

Classic butthurt bull.

You bought at 486 and made no profit. I sold at 475 bought at 480. Sold at 492 and am banking.

Where is your EW "science" now?  God, no wonder so many people have you on ignore.

[wachtwoord]

F***ing bloodbath.

"Buy When There's Blood In The Streets" - Baron Rothschild

you buying? another saying is to never attempt to catch a falling knife ...

I always try to catch falling knives

[JorgeStolfi]

Note that the price MAY recover temporarily after the panic, if and when the exchanges post notices on their websites explaining what has stopped and what will keep working until May 10th.

(Or may not...)

[jl2012]

They also gave us the solution: cash.

The new PBoC "clarification of the clarification" mentions cash too.  But I cannot figure out exactly what they mean.

As of April 24 , all Bitcoin trading platform has been fully recharge way to stop third-party payment . Most bank card remittance channels have been closed , however , are still allowed to bitcoin bank transfer and cash withdrawal services platform .

In the interviews emphasized the central bank , cash function must also be stopped.

截至4月24日，各比特币交易平台已全面停止第三方支付充值方式。银行卡转账汇款渠道大多数已经关闭，然而，仍有银行允许给比特币平台汇款和提现服务。

央行在约谈中强调，提现功能也必须停止。

IMHO, it's really stupid to comment based on google translation.

The correct translation of the last sentence should be: "fiat withdrawal must also be stopped".

[nanobrain]

Chessnut is in denial.

I told you Chessnut. I told you.

says the guy who bought at 475 then sold at 500. lol im not in denial Im short from 485.

you didn't tell me that Alipay would ban it, and that cash deposits would stop. you just chanted there was not enough fresh fiat or some rubbish like that.

Classic butthurt bull.

You bought at 486 and made no profit. I sold at 475 bought at 480. Sold at 492 and am banking.

Where is your EW "science" now?  God, no wonder so many people have you on ignore.

Chessnut is ALWAYS right...haven't you realised that by now.  

[windjc]

Bad news going into a weekend. Not good. We will bounce here and then retest in the next day or so. Houbi is bouncing off its 50% Fib retracement from 2223 bottom.

It will get tested again.

[JorgeStolfi]

央行在约谈中强调，提现功能也必须停止。

IMHO, it's really stupid to comment based on google translation.

The correct translation of the last sentence should be: "fiat withdrawal must also be stopped".

Thanks!  But this is bad news anyway, isn't it? What do they mean by "cash withdrawal"?

[Bitcoin_is_here_to_stay]

F***ing bloodbath.

"Buy When There's Blood In The Streets" - Baron Rothschild

you buying? another saying is to never attempt to catch a falling knife ...

I always try to catch falling knives

I tried it - painful   And less profitable than patiently waiting for trend confirmation  

[chessnut]

Classic butthurt bull.

You bought at 486 and made no profit. I sold at 475 bought at 480. Sold at 492 and am banking.

Where is your EW "science" now?  God, no wonder so many people have you on ignore.

EW cannot predict news events.... it can tell when weasles like you are done bleeding though.

why don't you do me a favour, and ignore me too?

[podyx]

Wait what? there have been more news??

[giletto]

Shaking of the last weak hands.
China FUD is having less and less impact on the market, only 10% decrease.

Obviously is it not done yet.