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

[h3speros]

so..... 450 buy on Huobi and absolutely no one followed. it's like all the bulls up and disappeared. i think we are gonna slowly slide down here and break 500. hopefully not too far below...

didn't you get the memo? we may never see sub 500 prices ^TM

 

never ever

[ErisDiscordia]

Tonight I dreamed that I am watching the charts on wisdom and a huge dump brings the price all the way to 0, followed by an instant rebound to well over 20% from where it started. Pretty exciting 

[Teppino]

for a dump it did not drag many sellers with it..

[ZeroEnergy]

[AceWallen]

for a dump it did not drag many sellers with it..

there's a term that you see around here from time to time...... long slow slide ....... just like the action of 680 level, we are on a long slow slide down, and we just popped through key support. should probably pause or bounce but the trend is becoming clear.....

[bitebits]

hey there, 400s! it's so nice to see you again! i heard a rumor you were gone for good..... no dice. sorry bulls! we go down now.

It is just too funny what an impact a 500k $ dump still has on the bitcoin exchange rate value. I am going to quote myself in five years, so we can all have a laugh about those good old times.

[bassclef]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

[AceWallen]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

a bullish reversal pattern? is it the inverse head and shoulders that everyone and their mother is posting in the TV chat? dunno, it's certainly possible. whales love to paint the TA....

[klee]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

Please elaborate and ignore the trolls!

[ErnieX]

Down to $470 one more time then we're ready for the next bullride.

[fonzie]

Down to $470 one more time then we're ready for the next bullride.

Drop your unrealistic bear hope! Better cut your shorts loose now!

[bassclef]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

a bullish reversal pattern? is it the inverse head and shoulders that everyone and their mother is posting in the TV chat? dunno, it's certainly possible. whales love to paint the TA....

That's the one. Easily seen on the 12h chart.

Could be invalidated easily though if we don't get volume on the upside. All about the psychology playing out, these reversal patterns. They don't always look textbook.

[Sandia]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

a bullish reversal pattern? is it the inverse head and shoulders that everyone and their mother is posting in the TV chat? dunno, it's certainly possible. whales love to paint the TA....

When a whale dumps 1500 coins to break 500 support, it is a valid support break?
But when a whale paints a TA pattern it is invalid?

Seems inconsistent.

[AceWallen]

I see a reversal pattern forming. But the trolls can yell louder than me so I'll keep the TA to myself.

a bullish reversal pattern? is it the inverse head and shoulders that everyone and their mother is posting in the TV chat? dunno, it's certainly possible. whales love to paint the TA....

When a whale dumps 1500 coins to break 500 support, it is a valid support break?
But when a whale paints a TA pattern it is invalid?

Seems inconsistent.

they are both valid. what would lead you to believe any differently? whales can try to swing their weight one way or the other, but it's up to the market to follow.

[podyx]

This market can really make a man sick...

I honestly was expecting some good upside right about now

[bassclef]

This market can really make a man sick...

I honestly was expecting some good upside right about now

Final bear trap. Low volume. Sellers being shaken out one final time.

[AceWallen]

This market can really make a man sick...

I honestly was expecting some good upside right about now

Final bear trap. Low volume. Sellers being shaken out one final time.

i'm a bit torn. on one hand, i expected a break of 500 to unleash a waterfall. it didn't. on the other hand, i remember that the post-680 level price action was similar -- slow slide, no panic. selling, but no panic, so everyone remained bullish. until we fell enough that the bulls ran for the exit....

[fonzie]

http://youtu.be/-lzC_UujlY8?t=1m17s

HODLERS ANTHEM

"We never knew what we had, we never thought that it would end.
I want so much to bring it back. I know I will never see those
times(SUB-500$) again. But I still believe, where does this leave me? I
have seen them come and go, I have seen my friends changed, so
why am I cast aside just because I have stayed the same? But I
still believe, where does this leave me now? You want to forget,
but I will hold on to those days and I don't hate you just
because we have gone our separate ways. ONLY THE DIEHARD REMAIN "

[ShroomsKit]

As i said before 480. That's where the idiot dumpers want us to be for whatever reason. They simply won't let us go up. And i'm so tired of it.

[fonzie]

And when on earth did you become so bullish fonzie?

Blame it on the drugs!



http://youtu.be/qdo5E8v9vXo?t=1m45s