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

[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..

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 whipsawed could indicate a change.. Although I think that  whipsawing indicates in bull markets indicate that a bear market is on the horizon?

On the horizon? I think we have had the vast majority of the bear market! This is the full stop at the end of the sentence

[ChartBuddy]

Explanation

[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 whipsawed could indicate a change.. Although I think that  whipsawing indicates in bull markets indicate that a bear market is on the horizon?

On the horizon? I think we have had the vast majority of the bear market! This is the full stop at the end of the sentence

Sorry that last bit did not make any sense at all

[paul2000]

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.

Where do you gain 1.5% interest a month if I may ask?

[Pala_00]

[79b79aa8d5047da6d3XX]

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?).

monkey is the in-house oracle. its predictions are right about half the time.

[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.

Where do you gain 1.5% interest a month if I may ask?

Well i'm holding LTC at the moment and lending it out on bitfinex at 0.05% per day.

[adamstgBit]

drop your bags of riches... i'm waiting.

[paul2000]

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.

Where do you gain 1.5% interest a month if I may ask?

Well i'm holding LTC at the moment and lending it out on bitfinex at 0.05% per day.

Thanks :-)

[findftp]

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.

Where do you gain 1.5% interest a month if I may ask?

Well i'm holding LTC at the moment and lending it out on bitfinex at 0.05% per day.

Isn't that more close to 2% a month?

edit: no it's not.

[macsga]

I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...

https://bitcoinwisdom.com/markets/bitstamp/btcusd

[ChartBuddy]

Explanation

[esse83]

I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...

https://bitcoinwisdom.com/markets/bitstamp/btcusd

We're going sideways, then down, then sideways, then down, etc. It can only be stopped by stamp installing Willy (China can't because PBOC will be pissed) and tricking the world into believing that the world is going nuts for bitcoin (lol).

[inca]

I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...

https://bitcoinwisdom.com/markets/bitstamp/btcusd

We're going sideways, then down, then sideways, then down, etc. It can only be stopped by stamp installing Willy (China can't because PBOC will be pissed) and tricking the world into believing that the world is going nuts for bitcoin (lol).

All trends go on forever. Quite right old chap.

[esse83]

I'd like a certain prediction please. Someone with the gut to say "we're going up" or "we're going down". Dumping or buying at this volume is just a joke. What exactly are we talking about here? mBTCs per HOUR? I think I will pass for a couple of days...

https://bitcoinwisdom.com/markets/bitstamp/btcusd

We're going sideways, then down, then sideways, then down, etc. It can only be stopped by stamp installing Willy (China can't because PBOC will be pissed) and tricking the world into believing that the world is going nuts for bitcoin (lol).

All trends go on forever. Quite right old chap.

It will stop at $0 though.. so not forever old chap.

[podyx]

Speaking of willy, why have nobody invented another bot like this??

I mean it makes fucking billions out of thin air, we can all live in $500 million mansions and ride $100 million yachts, even the homeless! It's fucking beautiful!

[anujjain]

drop your bags of riches... i'm waiting.

So are you buying now, do you think price will hold 400 now.

[adamstgBit]

drop your bags of riches... i'm waiting.

So are you buying now, do you think price will hold 400 now.

i'm just waiting...

i will not buy if you poeple don't sell.

i sure as hell won't be suckered into buying high either, so dont even think about it.

[bitcodo]

Slovenia’s biggest Bank NLB published article ''Bitcoin: Is this the beginning of the end of the money?''.

But don't get excited. Slovenia is small and the bank is not doing well.

[karolina]

Something to look forward to! Their target is to raise $200 million this year.

http://www.futuresmag.com/2014/09/22/bitcoin-fund-launches

They are up there with Pantera Capital. http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494

Bullish.