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

[ChartBuddy]

Explanation

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[fonzie]

People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."

[JimNastics]

People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."

Eh? Not nervous at all, Bitcoin isn't in some kind of crisis, neither is it about to go stratospheric. It's all good.

[stereotype]

I actually bought in on Stamp @480, purely on the strength of LTC/USD leading the movements. If LTC/USD breaks down through 3.85, i will sell BTC again.

Its been working for me, but each to their own, and all that.

[Miz4r]

I think this bounce wont go over $500, we will hit a new low in a couple of days.... so who think that we've already bottomed ?

I think we've bottomed since the leveraged longs on finex and btc-e have been squeezed out. Will take some time for the market to fully recover though so we'll bounce around for some time between 450 and 550. I could be proven wrong of course, but I am almost back 100% in coins again so this is where I have placed my bets.

[mmitech]

People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."

"new Low is good for the health of the market  give me some $100 coins, the best thing that can happen for Bitcoin is a new low  "

fonzie, is that what you want me to say ?

[fonzie]

People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."

"new Low is good for the health of the market   give me some $100 coins, the best thing that can happen for Bitcoin is a new low   "

fonzie, is that what you want me to say ?

I´m saying that an awesome amount of new traders(~10 only in the last 2 days) appeared here who are 100% sure that the bottom in the 2xx or 3xx range, probably a lot of them have sold during the downturn, when they realize that it (probably) ain´t gonna happen they will be forced to buy back @ higher prices. Ask side is totally empty which could deliver us a few nice upward spikes and enleash more bullish sentiment.  I´m all in since 450$ btw. If you sold above 550$ you´re probably not in a hurry to buy back now, as a trend reversal is far from beeing confirmed, anyone that sold below 460-470$ should probably reconsider a part of his strategy if he is in full FIAT.
In my eyes the demand around or below 400$ is way too high to get there.

[JayJuanGee]

They're saying bitcoins gonna go bankrupt, sh@ts all f**ked.

"They"?   Who are "they"?

[JayJuanGee]

I mean, just for f---ing up my life for the past week my dollar valuation of a Bitcoin is discounted at least $50. For f---s sakes, have you no decency whaletards.

You are turning out to be a bit of a drama queen, Newbie?       Whether you trade or you buy and hodl, these things should be planned in moderation, no?  If not, then lesson learned.. we have to figure out our financial lives in moderation b/c otherwise if we gamble balls to the walls on everything.. we may win a lot and win big; however, if we lose, then we lose big, too.  That  should be a lesson in life as well as in bitcoin, yet some people get extensive highs from gambling and opportunities to "make it BIG," so to each his/her own in that regard.

I am just more of a hedge your bets kind of investor, so that even though you may get worked up a bit, you still try to stick to an overall plan and NEVER get too desperate or irritated if predictions do NOT come true.. just adapt and reengage. no?

[mmitech]

People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."

"new Low is good for the health of the market   give me some $100 coins, the best thing that can happen for Bitcoin is a new low   "

fonzie, is that what you want me to say ?

I´m saying that an awesome amount of new traders(~10 only in the last 2 days) appeared here who are 100% sure that the bottom in the 2xx or 3xx range, probably a lot of them have sold during the downturn, when they realize that it (probably) ain´t gonna happen they will be forced to buy back @ higher prices. Ask side is totally empty which could deliver us a few nice upward spikes and enleash more bullish sentiment.  I´m all in since 450$ btw. If you sold above 550$ you´re probably not in a hurry to buy back now, as a trend reversal is far from beeing confirmed, anyone that sold below 460-470$ should probably reconsider a part of his strategy if he is in full FIAT.
In my eyes the demand around or below 400$ is way too high to get there.

I am playing this in a long period trade, I sold my first half of coins 2 months ago @ $630 and the second half 2 weeks ago @ $585 , I am in no hurry, I will wait for that 3xx, even if it takes weeks, if the chart shows any signs of reversal I will reconsider my position.

because right now, the chart is more bearish then bullish, both the 1w and 3d charts are showing a long slow bear market, and for that to change we need a huge pump with big volume that must bring us above $650...

3d





1w



 

[Wandererfromthenorth]

mmh

[JayJuanGee]

For whatever it's worth, I'm buying right now.

That's cool, bro. Word on the street is that nobody has a f---ing clue what is going on. That is different than fear (capitulation). Basically, we've had a non-functioning market all day due to a different type of manipulation. So now once we move people will be more erratic in one direction or another. I am not touching this with a ten foot pole that has giant ten foot condoms on it. This market has herpesgonnhasyphilAIDS right now.

Those are my thoughts, for what they are worth.

They are NOT worth too much b/c either you are too emotional or you are acting too emotional and talking your book.

[JayJuanGee]

The fact that such crazy and persistent buying wall haven't move this thing a bit shows in what state the market is. Shocking really. No news at all and we're as powerless as we have ever been in 18 months since I'm in Bitcoin.

That means that you got into bitcoin before the April 2013 Bubble.... THAT's great... I think.

[INSTANTpr]

http://www.harmonycentral.com/forum/filedata/fetch?id=31070750
weeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!!

[JayJuanGee]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

Look, somebody invited Wall Street and they are dicking us over right now. That's no one on here's fault.

Bullshit. There havent been a lot of sellers. Its just leveraged longs unwinding and traders getting the hell out of the way. Volume has been shit on both sides. No one is MANIPULATING anything. Only idiots think this.

Right now there is not enough steady money coming into the markets to maintain the price. So the price collapses under its on weight. NO NEWS. See, news doesnt really matter. Money coming into the market is what matters.

call me an idiot then b/c I think that some manipulation is going on.. even though manipulation is NOT the total explanation, it contributes to the downward momentum in BTC prices.  and when other people see the price going down, they jump on board to attempt to profit from such and hope NOT to get burned.

[ChartBuddy]

Explanation

[edwardspitz]

Well, let's go then... 

[falllling]

Well, let's go then... 

you can go to nowhere, $520? may be but get readly for the $400 crash again

[White sugar]

Fake recover, like the 500+ weekend, stabilization, or true recover? Or jut white noise.


Only time will tell.

[Junkbarman]

Well, let's go then... 

you can go to nowhere, $520? may be but get readly for the $400 crash again

Wonder if they want the price to crash more..