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

[QuestionAuthority]

It's about to shoot off like a rocket. Buy now!

[600watt]

It's about to shoot off like a rocket. Buy now!

it took me a while to notice the apple.

[Bagatell]

it took me a while to notice the apple.

I thought they were the appendages formerly attached to the projectile.

[Newbie1022]

Hey guys, you should take note of the fact that there has been more dumping by the Ethereum exodus wallet in the past week. That, by no means, has caused the collapse (the numbers are just insufficient to do that even if tossed all at one exchange). However, it does look like they may be trying to wind down their position which suggests two things: (a) they're scared; and (b) that sentiment, given how many overall coins they have, could severely exacerbate any coming downturn.

I mean, they unloaded 1200 coins around $400. They could be, and probably are, just stupid and panicked. But, their weak hands can make things scary pretty quickly.

Alternatively, they unleashed coins on Sept. 11 and 18th... they may be doing this weekly to cover costs for their project. If that's the case, then we have a little extra downside pressure every Thursday.

[mmitech]

good morning Europe, and can we please stop posting the NSFW pictures, it makes this thread unreadable in public places...

[Erdogan]

Bermuda waking up. That has to mean new action!

[Davyd05]

and a 600 coin dump trying to induce the panic

[Erdogan]

Hey. I just peeked into the future, and I saw bitcoin everywhere. Bullish!

[jeezy]

good morning Europe, and can we please stop posting the NSFW pictures, it makes this thread unreadable in public places...

Yeah, like you are not sitting in a lonely cellar somewhere 

[ChartBuddy]

Explanation

[mmitech]

good morning Europe, and can we please stop posting the NSFW pictures, it makes this thread unreadable in public places...

Yeah, like you are not sitting in a lonely cellar somewhere  

I wish...

Edit: do you live like that ? it is a good thing to be alone from time to time but living that way must be depressing...

[mmitech]

I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.

[Gimmelfarb]

I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.

same, generally, but the time part is so hard to nail down. it's impossible to get the short term details right, but everything has been pointing for me to that general range. we could bounce a bit, hell, given all the shorts taken out at 400, we could bounce 30 or 40 points, but i think low-mid 300s are coming in the next couple weeks.

[ShroomsKit]

I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.

same, generally, but the time part is so hard to nail down. it's impossible to get the short term details right, but everything has been pointing for me to that general range. we could bounce a bit, hell, given all the shorts taken out at 400, we could bounce 30 or 40 points, but i think low-mid 300s are coming in the next couple weeks.

There are no buyers. It's that simple. The result of 9 months of dumping and chasing cheap coins.
Everybody thought that after crashing down tons of buyers were dying to get in with cheap coins. Nope. There is nobody.
Now of course i keep reading we need to hit 350 before we can get back up. And after that 260. Well, these new buyers won't suddenly appear then. Also there is no guarantee we will go back again. As i keep saying one day it will stop. People will get tired of losing money. Of getting dumped on by traders every time they invest some money.
For now the Bitcoin hype is over and we better hope for something good to happen or all your cheap coins will be just that. Cheap coins.
The question is will we learn from this situation. And the answer is most likely no.  

[Searing]

I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.

same, generally, but the time part is so hard to nail down. it's impossible to get the short term details right, but everything has been pointing for me to that general range. we could bounce a bit, hell, given all the shorts taken out at 400, we could bounce 30 or 40 points, but i think low-mid 300s are coming in the next couple weeks.

There are no buyers. It's that simple. The result of 9 months of dumping and chasing cheap coins.
Everybody thought that after crashing down tons of buyers were dying to get in with cheap coins. Nope. There is nobody.
Now of course i keep reading we need to hit 350 before we can get back up. And after that 260. Well, these new buyers won't suddenly appear then.
For now the Bitcoin hype is over and we better hope for something good to happen or all your cheap coins will be just that. Cheap coins.
The question is will we learn from this situation. And the answer is most likely no. 

If it goes below $350 usd I'll be even steven below that I'll be hurting....(that is due to my not so wise choice of a NO ROI KNC Titan don't ya know be lucky to get 1/2 price
back on that)...as to the KNC Jupiter miner...well that would be $150 (the majority of my coins made with this beastie)

so figuring I just got screwed by KNC and moving on ..I will pucker up around the $200 or $150 usd mark

but then again only (with equip/etc/buying of btc) 3% of my net worth is tied up in this experiment..but your point is correct I an't buying much more
at this point even with reduced prices..plump and full at the moment

now I understand farmers when the crop is good and everyone sells corn ..or tries to at the same time...and finds out you shoulda planted something
else or kept the cash!

green acres theme here

[esse83]

I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.

same, generally, but the time part is so hard to nail down. it's impossible to get the short term details right, but everything has been pointing for me to that general range. we could bounce a bit, hell, given all the shorts taken out at 400, we could bounce 30 or 40 points, but i think low-mid 300s are coming in the next couple weeks.

There are no buyers. It's that simple. The result of 9 months of dumping and chasing cheap coins.
Everybody thought that after crashing down tons of buyers were dying to get in with cheap coins. Nope. There is nobody.
Now of course i keep reading we need to hit 350 before we can get back up. And after that 260. Well, these new buyers won't suddenly appear then. Also there is no guarantee we will go back again. As i keep saying one day it will stop. People will get tired of losing money. Of getting dumped on by traders every time they invest some money.
For now the Bitcoin hype is over and we better hope for something good to happen or all your cheap coins will be just that. Cheap coins.
The question is will we learn from this situation. And the answer is most likely no.  

https://www.youtube.com/watch?v=9u0EL_u4nvw#t=16

[ChartBuddy]

Explanation

[jaberwock]

Explanation

oh dear, we are going down

[Pala_00]

[Gimmelfarb]

while i am still generally bearish, i do see a bit of short term bullish momentum developing here. having trouble posting an image from my phone, but 15min RSI and MACD showing hidden bullish, and looks like 23.6% is holding. could be a leg up here.