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

[empowering]

[beetcoin]

oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.

[ensurance982]

Oh boy breaking the current support and re-testing the prev. bottom would be a disaster

Where do you see that support line drawn in that graph, I mean $USD-wise? The resolution and scale make it difficult to figure it out.

[BuildTheFuture]

oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.

What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch.

[Richy_T]

I wonder whether one could make money with arbitrage between two such ATMs, say two guys communicating byphone? Or between an ATM and the exchanges?

Probably. But this would not be a bad thing. These people would be doing a service that otherwise you would be having to pay someone to do.

[ChartBuddy]

Explanation

[ShroomsKit]

And down we go. All the smart people are getting out.

[beetcoin]

oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.

What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch.

i'm not sure, but i have lived through the last 2 bull-runs. april 2013 to early november.. so about a 6-7 month span. when was the bull-run prior to the april 2013 one? it's possible it could have been in 2011 right? i followed btc in december 2012.

[adamstgBit]

this is such torture

[Torque]

And down we go. All the smart people are getting out refusing to buy more bitcoins until we see the absolute bottom of this fucking thing.

FTFY

[Pump3r]

And down we go. All the smart people are getting out refusing to buy more bitcoins until we see the absolute bottom of this fucking thing.

FTFY

The absolute bottom? :-D

0$.

[BTCfan1]

And down we go. All the smart people are getting out refusing to buy more bitcoins until we see the absolute bottom of this fucking thing.

FTFY

is this still because of Ethereum? what gives?

[JorgeStolfi]

What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch.

At Huobi I see 6 in a row (like the current run) only on Feb/05--10, after the Chinese bank holidays, when the MtGox drama was at its climax (Feb/10 was the "Bug in Bitcoin Day").

At OKCoin that red run was 8 days long, Feb/03--10, and the current one is only 5 days long.

[empowering]

oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.

What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch.

Between feb 3 and 13th ish on stamp there was 6 days on a trot, with 1 up day inbetween which  broke a 10-11 day run

Ditto for 14th March - 23rd March 14

[Torque]

And down we go. All the smart people are getting out refusing to buy more bitcoins until we see the absolute bottom of this fucking thing.

FTFY

is this still because of Ethereum? what gives?

Don't think so, just the extreme impatience of those that thought that July was somehow going to be the magical month.

1W MACD on Stamp is now red for the first time in weeks.

[fred1111]

And down we go. All the smart people are getting out.

Haha I just bought 4 more coins :p

[inca]

Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.

Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!

[esse83]

oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.

What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch.

Better call Guinness and tell them the happy news. Looks like record territory.

[bassclef]

Oh boy breaking the current support and re-testing the prev. bottom would be a disaster

Where do you see that support line drawn in that graph, I mean $USD-wise? The resolution and scale make it difficult to figure it out.

Looks like a daily chart with the lows being in the 400s. Doubt very highly that we'll get there, sorry bears. Look at all those recent red candles in a row; the sellers will run out of ammo eventually and we'll form a nice bottom.

[adamstgBit]