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

[anujjain]

Sinking ship pics... the new train pic.

You keep forgetting that we bounced back from $420 really fast. People won't like this price and they'll get it up.

We will again bounce back, downside is just temporarily.

[TERA]

I'm just saying due to the length of this 6 month sideways trend, the pessimists have finally now adopted their own picture. The optimists always post a train pic during a false breakout. Now the pessimists post a sinking ship pic during a false breakdown.

[NewLiberty]

Why the HELL someone with Petahash needs pool at all? They should have been mining solo since start.

BitFury/CEX/GHash are all the same. They are three branches of the same vertically-integrated operation.

Rather than sell their ASIC chips wholesale, they use CEX to attract retail buyers and point all that hashing power at their own pool.

Perhaps the move provides a false sense of security as mining control remains centralized.  GHash will likely attract others due to the perceived risk reduction.

[fonzie]

Shorts closed, ready to go to the moon 

[dgarcia]

No more dinosaur pics? 

[ChartBuddy]

Explanation

[gizmoh]

Shorts closed, ready to go to the moon  

You disappoint me fonzie Not a loyal bear we are heading towards 500..

[Parazyd]

You silly bears!

It's an upward trend.

[ChartBuddy]

Explanation

[dnaleor]

This is starting to look ugly. I hope the fibonacci level at 534 USD holds...

[Tzupy]

You silly bears!

It's an upward trend.

That remains to be seen. If during the next month the price breaks 700$, then it's an uptrend.
If it breaks 450$, then it's a downtrend. Patience, it will resolve one way or the other.

[fonzie]

Shorts closed, ready to go to the moon  

You disappoint me fonzie Not a loyal bear we are heading towards 500..

I thought we would see a small but powerful bull trap, didn´t happen. I´m full short again now. 

[Parazyd]

You silly bears!

It's an upward trend.

That remains to be seen. If during the next month the price breaks 700$, then it's an uptrend.
If it breaks 450$, then it's a downtrend. Patience, it will resolve one way or the other.

Either way it's good. Now we need fhe the Wall Street mentality.

[bodogb]

Shorts closed, ready to go to the moon  

You disappoint me fonzie Not a loyal bear we are heading towards 500..

I thought we would see a small but powerful bull trap, didn´t happen. I´m full short again now. 

So you are changing between full long and full short back and forth, based on sub-5$ price swings? Either you are a very good or a very bad trader. Let me guess...

[fonzie]

Shorts closed, ready to go to the moon  

You disappoint me fonzie Not a loyal bear we are heading towards 500..

I thought we would see a small but powerful bull trap, didn´t happen. I´m full short again now.  

So you are changing between full long and full short back and forth, based on sub-5$ price swings? Either you are a very good or a very bad trader. Let me guess...

I put in my shorts @ around 665~ closed em @ 580 and waited for the signs of another bulltrap to enter a long, didn´t happen. so i´m back in my old (short) position.  
Fonzie´s main trend stays the same, down down down. But that doesn´t mean that i´m not open to make money with a long position .

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

Nobody sold part of his btc stash rebought @ sub 400$?

I did, unfortunately sold in the second week after ATH, but then rebought at:



Had an order for 340, but since we didn't quite hit that on BTC-e, you've got the 400 orders. Have been holding since.

So you have now more than twice the amount of btc you would have if you hold - why is that unfortunate 

[bitcoinsrus]

http://coinfire.cf/2014/06/14/1-800-flowers-going-accept-bitcoin/
what do you guys think about this?

[fonzie]

http://coinfire.cf/2014/06/14/1-800-flowers-going-accept-bitcoin/
what do you guys think about this?

This should shoot us to 2000$ by Monday. Bullish as fuck 

[ShroomsKit]

Looks like China just banned Bitcoin.