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

[Krabby]

What a way to celebrate 8000

[Bittings]

If this is a dump of the ethereum investment, someone is going to lose. Is it ethereum, or is it the investors dumping coins via bitpay?

not directly at least: https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

[podyx]

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread.  

Support broken, bullish scenario invalidated, it's time for a healthy capitulation!
But it will take a couple of months to reach the bottom, so prepare for lots of whining and moaning in this forum.

PS. I got to post on page 8000, cool!

So 541 and 539 is the difference between a huge bear market and a huge bull market??

[Erdogan]

What a way to celebrate 8000

9000 at 9000!

[dakota neat]

Bloody Wednesday. Waiting for the US to wake up.

[ChartBuddy]

Explanation

[hmmkay]

"the dip in price makes me feel a little buy-curious"

some redditpost, lol

[akujin]

160,000th post!  

[JimboToronto]

Well good morning.

Page 8000? LOL

Time to buy some more.

[falllling]

Well good morning.

Page 8000? LOL

Time to buy some more.

what did i tell you? stop buying! sell!

[N12]

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread.  

Support broken, bullish scenario invalidated, it's time for a healthy capitulation!
But it will take a couple of months to reach the bottom, so prepare for lots of whining and moaning in this forum.

PS. I got to post on page 8000, cool!

What's your target? <340?

[Tzupy]

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread.  

Support broken, bullish scenario invalidated, it's time for a healthy capitulation!
But it will take a couple of months to reach the bottom, so prepare for lots of whining and moaning in this forum.

PS. I got to post on page 8000, cool!

So 541 and 539 is the difference between a huge bear market and a huge bull market??

Some time ago I and others warned of a turning point at which the market will choose a bullish or bearish scenario.
It's not just that 540$ support broke, look at the bid sum / ask sum ratio, it dropped down to 230$ on Bitstamp.
There is no bullish recovery from this, just a couple of (possibly strong) rebounds, but for the next couple of months the trend is down.

[lay785]

Bloody Wednesday. Waiting for the US to wake up.

just watch it crash further as people stop-loss when they wake up.

[JimboToronto]

what did i tell you? stop buying! sell!

Nobody cares what you said.

Buy on dips, hold on rallies.

[Tzupy]

568 this is pretty disastrous... wtf is happening...

Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread.  

Support broken, bullish scenario invalidated, it's time for a healthy capitulation!
But it will take a couple of months to reach the bottom, so prepare for lots of whining and moaning in this forum.

PS. I got to post on page 8000, cool!

What's your target? <340?

At the very bottom yes, below 340$, but for now support at 420$ - 450$ should hold, followed by a rather strong rebound, that won't
last long, because large holders will understand where the market is going and sell on it.

[Schickeria]

Being an ecomist does not qualify me to make valid judgements about the bitcoin future. In some cases even high qualified economists fail to make valid conclusions regarding very young and volatile markets:

http://www.handelsblatt.com/unternehmen/banken/commerzbank-chefvolkswirt-bitcoins-haben-auf-dauer-keine-chance/9118802.html

Commerzbank? Srsly? You got a PhD in clownsian economics too?

No matter what you study, one thing is important: you have to read attentively to not to misunderstand and build up false conclusions on this.

[findftp]

HURRY HURRY, WE NEED THIS MOTHER FUCKING 8888 PAGE!!!!1

[molecular]

HEPL ME

what do you need? coins or fiat?

[Richy_T]

Looks like I picked the wrong week to quit sniffing glue.

[mmitech]

someone made me smile yesterday when he said "if you turn your screen upside down everything will look great"... exactly as planned, a bubble in the wrong direction.