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

[findftp]

Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.

Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)

Do tell?

I will, afterwards. I don't want to look like a moron if I'm wrong

Only morons are allowed to post in this thread 

I know, maybe I should move to the "quality" thread

[adamstgBit]

one step closer to the edge, you bitches better start dumping.

[hdbuck]

[ChartBuddy]

Explanation

[aminorex]

monkey continues to say it trends down for a few hours (and days)

[derpinheimer]

Bidwall from $280 & ~$370 moved to $398; BTC800

monkey continues to say it trends down for a few hours (and days)

WTF is monkey?

[edwardspitz]

one step closer to the edge, you bitches better start dumping.

Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?

[Spaceman_Spiff]

Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.

Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)

Do tell?

I will, afterwards. I don't want to look like a moron if I'm wrong

Only morons are allowed to post in this thread  

It's spelled moran, you moran. 

[derpinheimer]

one step closer to the edge, you bitches better start dumping.

Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?

They are dumping. In the last 24 hours there has been 3 large sells (BTC1800, BTC600, BTC400) [And probably a couple more ~BTC500]

On top of hundreds of smaller sells totalling a couple kBTC.

Its just like $500 again. Or $600. Plenty of buyers. Once they are worn down the price drops again.

[kurb3l]

A little dump just happened. Let's see for how long 398 will hold.

edit: first wall removed

[Tzupy]

Bidwall from $280 & ~$370 moved to $398; BTC800

monkey continues to say it trends down for a few hours (and days)

WTF is monkey?

AFAIK it's aminorex's prediction tool (neural network?).

[edwardspitz]

one step closer to the edge, you bitches better start dumping.

Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?

They are dumping. In the last 24 hours there has been 3 large sells (BTC1800, BTC600, BTC400) [And probably a couple more ~BTC500]

On top of hundreds of smaller sells totalling a couple kBTC.

Its just like $500 again. Or $600. Plenty of buyers. Once they are worn down the price drops again.

I have been buying @ $401, and I feel pretty worn down. I just need a little push and I will dump as fast as I can There is only 1200 BTC to 396 on Stamp and that must look tempting for those who think BTC is overpriced and is bound to go down further. Around 1000 BTC was dumped on Bitfinex to break a trendline alone and there has not been much buying to the ask side... so I agree there has been much dumping today. But where is the follow up? It must be a timing issue or something.

[EuroTrash]

Agree on prolonged downtrend but were I to be in a short position right now, I'd patiently move up my bids guessing a bottom around 280.

[inca]

one step closer to the edge, you bitches better start dumping.

Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?

Seller exhaustion.

Anyone other than a miner who was going to sell has already. Everyone (including all the trolls) screaming the end is nigh sold long ago and actually despite being very vocal exert absolutely no effect on the price whatsoever.

It would be nice to see a high volume reversal after another bear raid below 400 but if we stick here for some time I can see the price moving up without it, given how oversold we are. There are a lot of people wanting to buy back in..

[ChartBuddy]

Explanation

[BitChick]

Not sure if this was posted yet, but Square announced that they will accept Bitcoin.

http://bankinnovation.net/2014/09/ceo-dorsey-says-square-will-accept-bitcoin/

[jonoiv]

In my option if you are waiting for it to test $300, you will be waiting forever.  Shorting only pushes very low when there is large momentum and volume.  We are on the verge of a small rally to $520 - $530 ish then a slow down downtrend that could gather pace back to $390 - $380.   From there in late Q1 2015 it will be bubble time.

This is just how I see it. so don't rip into me if you disagree.

 I'm holding and gaining 1.5% interest a month anyway, and can afford to be patient.  Patience wins usually in the long run.

[cbeast]

Question:   Bottom won't be reached until we see extremely high volume on a drop?
agree   - 101 (50.5%)
disagree   - 99 (49.5%)
Total Voters: 200

Still a dead heat, folks.

[spooderman]

Now even more of a dead heat

[edwardspitz]

one step closer to the edge, you bitches better start dumping.

Yes why are they not dumping? Are bears waiting for someone else to do it or do they think the timing is wrong!?

Seller exhaustion.

Anyone other than a miner who was going to sell has already. Everyone (including all the trolls) screaming the end is nigh sold long ago and actually despite being very vocal exert absolutely no effect on the price whatsoever.

It would be nice to see a high volume reversal after another bear raid below 400 but if we stick here for some time I can see the price moving up without it, given how oversold we are. There are a lot of people wanting to buy back in..

Sellers don't look to exhausted to me although volume has been lower today compared to previous days. You could be right about sideways movement lead to a rise. This is kind of what I was hoping for and why a bought a small amount (also because I always like to buy a little at the bottom of ascending lines). Also the whipsawing could indicate a change.. Although I think that  whipsawing indicates in bull markets indicate that a bear market is on the horizon?