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

[podyx]

dear god that ass, lord have mercy lol

[NotLambchop]

Chow time?

[JayJuanGee]

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

Ok so I'm being logical thinking that this upward trend can't be sustained.

Well I think regardless of whether or not a true reversal occurred at $300 or not, a retrace is due..

The market clearly wants to move down but there are still plenty of buyers.

a double bottom would be a very strong indication of a true reversal



after the double bottom happens the rocket ship will be ready for the moon

Oh MY!!!!!   I forgot what we were talking about...       

[YogoH]

Nice pit-stop to pick up the slow ones at 370,  next its 395 and potentially taking down 400.   All-time high active swaps on bitfinex

[prophetx]

dear god that ass, lord have mercy lol

amen lol

[hyphymikey]

Get trapped bears!

[WeltMaster]

Hahah all these smart "investors" saying bitcoin is a good short right now with such certainty...

Yes, we might test new lows or maybe a double bottom. IMO pretty unlikely but it could happen.

But they really don't have a clue about the honey badger do they

[Moria843]

The days of wine and roses? I hope not. For those of you who are too young, this is an old movie and it didn't end well.

[ChartBuddy]

Explanation

[adamstgBit]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit 

[JayJuanGee]

Hahah all these smart "investors" saying bitcoin is a good short right now with such certainty...

Yes, we might test new lows or maybe a double bottom. IMO pretty unlikely but it could happen.

But they really don't have a clue about the honey badger do they

Maybe that explains, in part, why people tend to lose a lot of money when they attempt to trade and time the market?  b/c shorting bitcion would have been very good in the last 10 months; however, i have pretty strong doubts that shorting is NOT going to play out as well, as an over all strategy in the next 10 months - and in that regard, probably the exact opposite will be the better gamble, in the next 10 months-ish... and if history is any indicator, the bull period may be even shorter - once it does hit.

[WeltMaster]

China leads the rally again...

What is it with the rest of the world?

[adamstgBit]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit  

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in    

[podyx]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit  

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in    

I do think we gonna have a big bear trap down to 330-340 after we've hit 440 sometime this weekend

Don't take my word for it though

[adamstgBit]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit  

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in    

I do think we gonna have a big bear trap down to 330-340 after we've hit 440 sometime this weekend

Don't take my word for it though

i know, bye bye my little coins, it was nice hodling you 

[staffsan]

I want to be a pro tradah^, should i short now? Anyone? Adam?

Also, could someone explain this whole honey badger thing?I tried to understand, i googled honey badger and found a youtube video about the "crazy nastyass honey badger", and i also read the wiki from which my favourite part is:

"The voice of the honey badger is a hoarse "khrya-ya-ya-"ya" sound. When mating, males emit loud grunting sounds.[5] Cubs vocalise through plaintive whines.[7] When confronting dogs, honey badgers scream like bear cubs.[29]"

[Wandererfromthenorth]

If you wanna watch the cftc here's the live stream.

Starts to talk about BTC in an hour and a half.

http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive

[JayJuanGee]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit  

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in    

Adam:   My post from earlier seems to respond to this: 


tl: dr:  FUCK!!!!

there we go virtex has caught up

i am so fucked.

You are NOT really attempting to trade (especially short) in these price ranges? 


 FUCK!!!!!!   

[JayJuanGee]

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit  

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in    

I do think we gonna have a big bear trap down to 330-340 after we've hit 440 sometime this weekend

Don't take my word for it though

i know, bye bye my little coins, it was nice hodling you 

You can still Cut your LOOSE, by buying them back at whatever is the current market price.

[klee]

Bears in HELL