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

[Schickeria]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

Can I get a short description of the difference? Thanks

A dead bounce is a not sustainable recovery after a very sharp decline.



Bull and bear traps are all over the way:

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[grappa_barricata]

Monero took a head start +20% today...

Too bad that when you hear the noise you have been scammed already.

[ibrahim11]

BOUGHT A bitcoin at £330 ($538) 

i'm thinking down to test 490 support.

given my trade record, you probably made a really good move.

really?   

[adamstgBit]

Monero took a head start +20% today...

Too bad that when you hear the noise you have been scammed already.

shit i forget to sell my cannabis coin.

oh well, pretty sure i'll end up with life time supply worth if i just HODL!!

[oda.krell]

Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either.

Anyway...

Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you.  Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank.  Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.

Pay attention to the moving averages.  until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.

Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining.

[Newbie1022]

Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either.

Anyway...

Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you.  Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank.  Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.

Pay attention to the moving averages.  until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.

Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining.

This.

[ChartBuddy]

Explanation

[Schickeria]

Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either.

Anyway...

Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you.  Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank.  Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.

Pay attention to the moving averages.  until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.

Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining.

This.

Voices of reason. Good to have them here.

[adamstgBit]

we are inching higher! insane mix of emotions these past few days...

not sure if i should be happy the market is up 3% from its recent low, or sad its down 50% from its not so recent high.

[mmitech]

Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either.

Anyway...

Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you.  Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank.  Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.

Pay attention to the moving averages.  until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.

Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining.

the lowest we've touched since the last ATH was $339.79 (stamp), if you zoom out the 3d/1w chart and take a close look, you will notice how ugly that MACD is looking like, considering the fact that MACD is a lagging indicator and cant be considered a 100% signal for trades, but with momentum it is still a good indicator for possible directions.

We went up from $480 to $510 on low volume and the chart is still looking ugly, the thing about the 1w/3d charts is that you have to be sure and confident when others are jumping around and yelling reversal and ATH, and by looking at Bitstamp's book order I can tell that this push wasn't mostly from new fresh money coming to the exchange, so my suggestion is that the group of " sell low and buy high" that is cheering and getting over excited are on action again.

billyjoeallen, see you leave for 3 months and you come back to a lower price, people should learn something from you.

[Walsoraj]

TO THE OORT CLOUD AND BEYOND! <sup>fn1











1</sup> CCMF

[fonzie]

Stupid bears, should have better listened to the almighty Walsoraj!

[SirChiko]

Aww i sold my whole 0.9 when we were at 478, i should maybe buy back in with more asap.

[tarmi]

TO THE OORT CLOUD AND BEYOND! ^fn1

[abercrombie]

[Newbie1022]

Reality Post -- What is probably really going on in the past 24 hours...

Shorts watched other shorts just get squeezed out extremely hard in Litecoin (or they are the same peeps shorting both), hence the spike up to the $505ish range.

What will happen next?
(1) Shorts get squeezed further on Bitcoin and we get a hurry up bump to $550 before the price levels to about $530;
(2) The shorts get squeezed further on Bitcoin and we get a hurry up bump to $550 and the shorts lose heart, the longs jump back in, and the rally takes on a life of its own... any rally from there would be toppy and would introduce increased volatility over the next few weeks... it would be a fun up ride, though; OR
(3) Both BTC and LTC come back down to earth and the bear market deepens.

In a nutshell... the price at the end of the week will be somewhere between $250 and $660. I hope this is specific enough for you to make decisions on... =D

Joking aside, look for trigger points of where shorts get squeezed and don't get too hoggy on the run up and you'll at least avoid losing money today. This is probably a real rally unlike the bounce earlier this week because it has been fairly balanced between the exchanges and led by China. In the last run up, earlier this week, Bitfinex and Stamp were trading $20+ over China. In retrospect... we really should have caught the hint. This seems different, though.

[bzzard]

[BTCfan1]

510 wall about fall on stamp - 4hr MACD about to cross

[Funzie]

http://www.wired.com/images_blogs/wiredscience/2010/11/oort-cloud-nasa.jpg


TO THE OORT CLOUD AND BEYOND! <sup>fn1











1</sup> CCMF

WALSORAJ!!!!!!!

http://media0.faz.net/ppmedia/aktuell/rhein-main/2737416963/1.2137278/article_aufmacher_klein/filmen-kreischen-atmen-nicht-vergessen-wer-einen-platz-vor-der-buehne-ergattern-wollte-stand-meist-schon-im-morgengrauen-vor-der-festhalle.jpg

[ibrahim11]

I want to buy another btc but I can't until someday next week because my bank account is currently suspended for trying to buy 2btc.