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

[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.

[empowering]

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?

+1

[empowering]

Does Monkey have a fallout shelter?  

Or at least something to shoot a black swan with ?

(in the wider world I mean , not necessarily in "BTC world")

[Schickeria]

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

Adam? Please, tell me you are joking! You bears? Who is this "you bears"? Is the market driven by a mystery interconnected "you bears"-force and this mystery force (with 1000 heads and one body) is posting here?

I better go out here for a while...

[N12]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

Sentiment is in the shitter, r/bitcoin is proof of that. Take advantage now or complain later.

[Torque]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a true reversal.  I'll happily buy more then.

Until then, it's still a bear downturn.  Acting like it's all over now is just silly.  It's the equivalent of shouting "We'll never see sub 500 again!" just yesterday.

[mmitech]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

Sentiment is in the shitter, r/bitcoin is proof of that. Take advantage now or complain later.

I wouldn't feel a shit, in fact I would feel sorry for the "buy high and sell low" folks, because I think this train is not stopping here yet, I think it is still going south. r/Bitcoin is a catastrophic sub, I wonder how old the guys who hang there...

[N12]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a reversal.  I'll happily buy more then.

Until then, it's still a bear downturn.  Acting like it's all over now is just silly.

I'm talking short term here. Not saying this bear downturn is down, just that things can bounce for now, and have already begun bouncing a while ago.

Why in the hell am I, accused "bear troll", arguing with former permabulls about the price rising? Funny how that goes, isn't it? The former bullish people giving up hope.

Thing is, if I'm wrong, I just CUT LOOSE.

[ErisDiscordia]

My guess is that this is mostly from big boys creating entrance points prior to ETFs.

Hey proudhon, are you currently a bear a bull or a proudhon?

It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow.

[JorgeStolfi]

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.

Yes, many people here do not agree with my opinions.  I read theirs. So?

[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

Adam? Please, tell me you are joking! You bears? Who is this "you bears"? Is the market driven by a mystery interconnected "you bears"-force and this mystery force (with 1000 heads and one body) is posting here?

I better go out here for a while...

people's nerves are shot.

i don't blame them... this is horrific!

and no good reason for it, senseless massacre... we bulls will be vindicated! your bears just focus on exiting.

 

[Torque]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a reversal.  I'll happily buy more then.

Until then, it's still a bear downturn.  Acting like it's all over now is just silly.

I'm talking short term here. Not saying this bear downturn is down, just that things can bounce for now, and have already begun bouncing a while ago.

Why in the hell am I, accused "bear troll", arguing with former permabulls about the price rising?

Funny how that goes, isn't it? The former bullish people giving up hope.

You're not, you are just talking your book.  I'm sure you just got some cheap coins that you want to unload.  So transparent.

I have no interest in day trading, I'm in it for the long term.

[X7]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a reversal.  I'll happily buy more then.

Until then, it's still a bear downturn.  Acting like it's all over now is just silly.

I'm talking short term here. Not saying this bear downturn is down, just that things can bounce for now, and have already begun bouncing a while ago.

Why in the hell am I, accused "bear troll", arguing with former permabulls about the price rising? Funny how that goes, isn't it? The former bullish people giving up hope.

Thing is, if I'm wrong, I just CUT LOOSE.

All in the pursuit of a quick profit - we keep making BTC look like a volatile joke to the uneducated :/

[empowering]

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.

Yes, many people here do not agree with my opinions.  I read theirs. So?

So... I am not going around in another pointless circle with you is all...

I was just pointing out that this forum is rubbing off on your style, you are becoming more troll like in your posts... is all I was pointing out as I believe I said... you brought up your theory again, and I am politely declining the dance.

[Spaceman_Spiff]

Question is, how will you feel if the price rebounds to 500 soon? Or even 550.

If it hits 550, and stays at that minimum for 2 weeks or more, then it's likely a reversal.  I'll happily buy more then.

Until then, it's still a bear downturn.  Acting like it's all over now is just silly.

I'm talking short term here. Not saying this bear downturn is down, just that things can bounce for now, and have already begun bouncing a while ago.

Why in the hell am I, accused "bear troll", arguing with former permabulls about the price rising? Funny how that goes, isn't it? The former bullish people giving up hope.

Thing is, if I'm wrong, I just CUT LOOSE.

All in the pursuit of a quick profit - we keep making BTC look like a volatile joke to the uneducated :/

Good traders reduce volatility

[N12]

Why did I buy coins in the first place? It's because I believed in a good opportunity for the price to rise, based on my analysis. My god, a trader! How horrifying. Someone who changes his stance based on the market's actions.

Do you truly believe I believe I could influence anyone here in such a way as to fulfill my price targets? What I'm doing on this forum is meaningless to the market, I'm only having fun.

[Dabs]

Go go go!