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

[hd060053]

buying pressure too high right now. china wants to go over 3100

[ChartBuddy]

Explanation

[San1ty]

Wait till those bitfinex shorts try to fill itchy :-D....

[FNG]

buying pressure too high right now. china wants to go over 3100

Sign of things to come...silk road crash in slow motion.

Can see a duplicate of the  oct / nov rally happening here

[Dragonkiller]

Popcorn time

[abercrombie]

Not too late, don't miss the train!  

[iram3130]

510 is the lucky number on Bitfinex

I really like how suddenly we have good buying pressure.

I was expecting this move yesterday, but market denied/wrong my prediction.
But I am still happy I bought 2 Bitcoins on good price now waiting for more upwards movement.

[grappa_barricata]

OK, i read conspiracy theories so here is mine:

Code:

- those that shorted at 450$ are about to being margin-called, then we drop a few 10s then we start a more sane slow uptrend

[Asrael999]

now lets see if it can stay above 500

[Sandia]

I am waiting for the retracement.  If there is a good push, I will be in big.

I still want 465, but am starting to doubt we will see it again.  Ever.

[wingsfan23]

Everyone's getting really excited? Sigh, time to sell I guess. If everyone could act depressed as the price goes up, maybe we could sustain a rally.

[hyphymikey]

Dumpers seem scared to have their shorts squeezed and Bulls look to weak to push far enough.

Round 2.... Fight!

[JimboToronto]

Well good morning Bitcoin.

Back over $500 I see.

Not quite moon train time yet but the teddy bear picnic was definitely getting boring.

Mmmm, coffee.

[Octavius]

buying pressure too high right now. china wants to go over 3100

They pumped ltc hard then btc.

They want to cash out because it will crash, the smart money knows where to go and where not to go.

[dgagli1]

Final wave down will be brutal.  Best opportunity to close out your long position.

[Ab-Soul]

Here we go +500 again.

[JayJuanGee]

When an exchange has troubles (relatively big one) we usually drop... More cheap coins for me  

Ive been away for a while.  what exchange has troubles?

MTGOX   !!!!!!

[vuduchyld]

I am waiting for the retracement.  If there is a good push, I will be in big.

I still want 465, but am starting to doubt we will see it again.  Ever.

It's not September 1 yet.  I think we'll see more volatility for at least the next week.

[Dragonkiller]

Final wave down will be brutal.  Best opportunity to close out your long position.

Thank you for your analysis. You don't happen to be short, do you?

[billyjoeallen]

unbelievable. I had a sell order in @ $509.11 in bitfinex and in went up to $508.88 before dropping back down. 23 rotten cents. what are the odds that's as high as it goes for a while?