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

[ChartBuddy]

Explanation

[adamstgBit]

tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.

CHEAP COINS AND PLENTY OF THEM

[FattyMcButterpants]

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash. 

i'd like to think that, but i've been staring at charts for much longer than i'd like to admit, everyday, for months. and i saw the manipulators pushing down months ago. massive sells into massive support that repeatedly would not budge. until the bulls gave way. i don't see that now. what i see is 1) those whales are not stepping in and rebuying yet, and 2) there are no buyers at the current level. when the whales decide to step in, expect panic buying to ensue very quickly.

[fr33d0miz3r]

tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.

CHEAP COINS AND PLENTY OF THEM

+1. Buy buy buy!  

I was joking about "RIP Bitcoin". I love bitcoin and everyone should know this!!! BUY BITCOINS NOW AND GET RICH IN 3 WEEKS!

[adamstgBit]

tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.

CHEAP COINS AND PLENTY OF THEM

+1. Buy buy buy!  

I was joking about "RIP Bitcoin". I love bitcoin and everyone should know this!!! BUY BITCOINS NOW AND GET RICH IN 3 WEEKS!

more like after 3 years of panic hold

but anything is possible.

i wana see 520 again b4 i sleep. aw its talking to long...

[JayJuanGee]

tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.

CHEAP COINS AND PLENTY OF THEM

+1. Buy buy buy!  

I was joking about "RIP Bitcoin". I love bitcoin and everyone should know this!!! BUY BITCOINS NOW AND GET RICH IN 3 WEEKS!

more like after 3 years of panic hold

but anything is possible.

i wana see 520 again b4 i sleep. aw its talking to long...

$521.29 on Bitstamp, as I type...

[solex]

i wana see 520 again b4 i sleep. aw its talking to long...

That didn't take long

[JayJuanGee]

i wana see 520 again b4 i sleep. aw its talking to long...

That didn't take long

The poor penquin is exhausted from his attempts to rally the other penquins.   

[jaberwock]

i wana see 520 again b4 i sleep. aw its talking to long...

Now you can sleep:



Have a good night, and dream with moon missions

[S3052]

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash. 

unfortunately it is not that easy. There is always a reason to sell and reason to buy
It just depends on the technical state of the market.
You can't make fundamentals responsible for the price move short term.

Big technical support has been broken at 540-550 and it will be hard to climb back above short term.

Most probably we'll see lower prices before bottoming first.

[JorgeStolfi]

We had some good news today:
http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Indeed.  Now those of you who are still buying bitcoins will have many more opportunities to pay for the Winlevosses's purchases. 

[ChartBuddy]

Explanation

[CEG5952]

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

[5cMXezpBtm]

Just to mention that we have been at 360 USD just about four months ago (2014-04-10) according to CoinDesk price index.

[hlynur]

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

i picked up something about margin call cascade on tradingview chat:
https://www.tradingview.com/v/w5i8knMU/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish

[inca]

Well the sellers can keep selling. Someone is buying each and everyone.

EBay upcoming integration suggests bitcoin is becoming the darling of internet corporations. It's merchant adoption rate is incredible this year, especially considering the negative price action.

Don't be shaken out of your holdings. If bitcoin was a buy at 650 it is a great buy at 515!

[minerpumpkin]

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

People say that a single big sell started the whole thing that lead to a cascade of longs being liquidated forcefully. That candle went down to the $450s in one single big hit.

[camu6]

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

[Malin Keshar]

The day going to end and no dump so far?

That was a so damn boring night, was expecting something to happen, not a stall on the 510's

[ShroomsKit]

Well the sellers can keep selling. Someone is buying each and everyone.

EBay upcoming integration suggests bitcoin is becoming the darling of internet corporations. It's merchant adoption rate is incredible this year, especially considering the negative price action.

Don't be shaken out of your holdings. If bitcoin was a buy at 650 it is a great buy at 515!

Exactly.
These people are complete idiots. You'd have to be very ignorant to think Bitcoin will just stop. That it will just go away. So many companies are getting in.
But short term greed makes people just stupid.