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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26835399 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
dakota neat
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August 13, 2014, 12:58:16 PM

Bloody Wednesday. Waiting for the US to wake up.
ChartBuddy
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August 13, 2014, 12:59:41 PM


Explanation
hmmkay
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August 13, 2014, 01:02:15 PM

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

some redditpost, lol
akujin
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August 13, 2014, 01:02:28 PM

160,000th post!  Grin Grin Grin
JimboToronto
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You're never too old to think young.


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August 13, 2014, 01:04:18 PM

Well good morning.

Page 8000? LOL

Time to buy some more.
falllling
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August 13, 2014, 01:06:03 PM

Well good morning.

Page 8000? LOL

Time to buy some more.

what did i tell you? stop buying! sell!
N12
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August 13, 2014, 01:06:40 PM

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.  Grin

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

PS. I got to post on page 8000, cool!
What's your target? <340?
Tzupy
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August 13, 2014, 01:07:24 PM

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.  Grin

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

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
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August 13, 2014, 01:07:50 PM

Bloody Wednesday. Waiting for the US to wake up.

just watch it crash further as people stop-loss when they wake up.
JimboToronto
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August 13, 2014, 01:10:04 PM

what did i tell you? stop buying! sell!

Nobody cares what you said.

Buy on dips, hold on rallies.
Tzupy
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August 13, 2014, 01:10:43 PM

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.  Grin

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

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
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August 13, 2014, 01:10:54 PM

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? Smiley


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
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Delusional crypto obsessionist


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August 13, 2014, 01:11:07 PM

HURRY HURRY, WE NEED THIS MOTHER FUCKING 8888 PAGE!!!!1
molecular
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August 13, 2014, 01:12:03 PM

HEPL ME

what do you need? coins or fiat?
Richy_T
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August 13, 2014, 01:12:15 PM

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

mmitech
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August 13, 2014, 01:15:37 PM

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.  Cheesy
Hen0xyd
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August 13, 2014, 01:16:30 PM

Last fiat used, now let's relax and watch the movie.
samsonn25
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August 13, 2014, 01:16:48 PM

They are shaking out the weak hands again.  LOL
lay785
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August 13, 2014, 01:17:23 PM

hepl!!!
fonzie
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August 13, 2014, 01:17:28 PM

Shorts closed for now, will set up new ones around 550-560$ No longs in between, i´m too scared that this could crumble any minute, lol.
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