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

[N12]

guys i shorted @ $462

that means within the next 48h ~$500 will be breached...

and I will literally lose my shorts or eat them.

Thank you!

[adamstgBit]

guys i shorted @ $462

that means within the next 48h ~$500 will be breached...

and I will literally lose my shorts or eat them.

good to know

A user on here posted on reddit that he got btc on btc-e for $350!

not the first time btc-e gr8ly overreacts to a swing down...

[adamstgBit]

this is horrific

i'm going to go hide in a hole, ill be back...

[T.Stuart]

Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

Oh come on Jorge. These are regular whales we're talking about. Everyone knows narwhals don't exist.  

[N12]

this is horrific

i'm going to go hide in a hole, ill be back...

Why hide? Sentiment is completely down, the price can bounce now in the short term. Post your trains now, don't post them at >500 if we get there.

[T.Stuart]

Going for big green candles on 4, 6 and 12 hr charts

[Spaceman_Spiff]

Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

Oh come on Jorge. These are regular whales we're talking about. Everyone knows narwhals don't exist.  

You know they do, right?  (I am confused). 

[X7]

With this much market manipulation - what are the chances we will see 399?

[the joint]

guys i shorted @ $462

that means within the next 48h ~$500 will be breached...

and I will literally lose my shorts or eat them.

Just a word of friendly advice, *never* post your position!

Anyone else remember that one dude who posted his leveraged position on Bitcoinica to brag about the ~$24k profit he made, only to be forced out of his position 10 minutes later?

[adamstgBit]

guys i shorted @ $462

that means within the next 48h ~$500 will be breached...

and I will literally lose my shorts or eat them.

Just a word of friendly advice, *never* post your position!

Anyone else remember that one dude who posted his leveraged position on Bitcoinica to brag about the ~$24k profit he made, only to be forced out of his position 10 minutes later?

I AM MAX LEVERAGE SHORT

somone wana squeeze me?

please?

 

[adamstgBit]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

[mmitech]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

don't you think it is too early for celebration ?

[adamstgBit]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

don't you think it is too early for celebration ?

i'm not celebrating.

just asking

this is indeed the sentiment isn't

[seleme]

A user on here posted on reddit that he got btc on btc-e for $350!

It went down to 309.

[adamstgBit]

did someone forget to crash virtex properly?

oh ya that would be my job...  

hopefully i muster up the balls to send more fiat later.

[Tzupy]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

Not me, I still believe that support should hold, even if it was pierced at 442$ on Bitstamp.
I would be surprised by a fast crash to 350$, and would have to reconsider my analysis.
That crash should come after the rebound, and could be some 15 - 20 days from now, in my current favorite scenario.

[empowering]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

The language may be a failed attempt to be funny but the opinion is quite serious.  What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either.   Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

We have been through this before... lots of people have explained or expressed their opinion that you are wrong in your assertion/theory/guess,  and you just do not seem to listen, anyway I am taking a rain check on another slow dance.

[ibrahim11]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

Not me, I still believe that support should hold, even if it was pierced at 442$ on Bitstamp.
I would be surprised by a fast crash to 350$, and would have to reconsider my analysis.
That crash should come after the rebound, and could be some 15 - 20 days from now, in my current favorite scenario.

but the question is, how big is the rebound???

[adamstgBit]

weren't you bears thinking 490-480 was a breaking point which would lead to fast crash to 350?

Not me, I still believe that support should hold, even if it was pierced at 442$ on Bitstamp.
I would be surprised by a fast crash to 350$, and would have to reconsider my analysis.
That crash should come after the rebound, and could be some 15 - 20 days from now, in my current favorite scenario.

this is why i gata send more fiat today.

[CoinsCoinsEverywhere]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

The language may be a failed attempt to be funny but the opinion is quite serious.  What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either.   Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

I'm not sure how accurate it is, but a Coindesk article from a few days ago (http://www.coindesk.com/margin-trading-crash-price-bitcoin/) gave a good hypothesis: margin trading.  A lot of people borrowed money on margin to buy at the end of May, which led to the rally.  Now all of those trades are being undone as people's positions are being liquidated due to margin calls.  That seems very plausible.  I just wish someone had made light of that (prominently) in June.