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

[silverfuture]

beartrap=confirmed

[abercrombie]

Yes, cut your loose and move on.

Please stop quoting that idiot. It's seriously one of the dumbest, least entertaining trolls on this forum.

Even though I'm probably on ignore from my 'ol buddy shroomy...

[adaseb]

I am glad I started my short yesterday. I knew this wasn't going to reach $500, most of the rise was short covering and profit taking.

[ChartBuddy]

Explanation

[inca]

Inca, this is bullish right? We're about to go up?

I don't day trade something like bitcoin. An excellent way to think you can predict the market and lose money when you belatedly realise you can't.

It is a price correction, not a particularly surprising one after several big up % days in a row. Looks like someone either took profit badly by selling 3k coins or decided to keep the MACD negative another few days. Either way the short term trends to not particularly bother me. Wake me up if we drop below 300.

You endlessly drone on about dumpers preventing further price rises. But in fact it is simply traders selling into strength. They do this expecting further opportunities to buy in, usually lower, because they do not expect higher prices in the short term. As market sentiment alters from bear to bull, coupled with shorts getting killed a few times, this will happen less as the price rises. Or bitcoin is going nowhere before the next halving.

If i had to predict future price movements they would be of stair step rises over the next few months as the memories of the bear market (and last bubble) fade. I think this because technicals can be manipulated and exaggerated easily for a time, but fundamentals cannot. As new users adopt the currency, transactions rise and new on ramps and investment modalities such as the ETF's come online bitcoin could look very undervalued in a hurry.

So yes, I remain intermediate and long term bullish. Short term who cares?

[Boom143]

ahhh not again

btc to the core

[silverfuture]

The real value of bitcoin

[AntiWarGod]

The real value of bitcoin

This pump and dump action is so depressing and is severely affecting new entrants optimism about BTC.
So frustrating...!!

[NotLambchop]

Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop

G'mornin' inca.  

[podyx]

Lol gotta love how everybody is losing mad faith when we drop $10-$15 (could be a indicator that we are in fact in a reversal)

Even me have lost faith the last week, I was more bullish then ever when we were at $300 with the wall and refused to go down.
That said, I still think this is a beartrap but i've been expecting a beartrap all along

I personally will be looking for consolidation or a steady uptrend after touching $340-$350

[dz5]

Woke up today, checked the price, and felt like this about 400:

http://www.silverdoctors.com/wp-content/uploads/2014/02/bitcoin-gone.jpg

[inca]

Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop

G'mornin' inca.  

And thats why I don't trade but instead do something else far more interesting for a living

[NotLambchop]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

[inca]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

Well that made no sense. What exactly are you on about?

[dakota neat]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

Congrats. You're the new #1 troll here. Short since 300s?

[podyx]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

Well that made no sense. What exactly are you on about?

I think it's trying to communicate with you

[JayJuanGee]

The real value of bitcoin

I would describe that as an overview of bitcoin and the blockchain.

[inca]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

Well that made no sense. What exactly are you on about?

I think it's trying to communicate with you

Quite.

[hyphymikey]

^
How is constantly losing money interesting?  I mean, it's sorta fun to watch from the sidelines, but actually doing it?
Nevermind, not for me to judge, carry on.

Congrats. You're the new #1 troll here. Short since 300s?

Yes he is the #1 troll, now please stop quoting him.

[NotLambchop]

..@inca; dakota neat; podyx; hyphymikey:  Thanks, heroes!

Hodl, Gentlemen, Hodl!!  For Honor!  For Bitcoin!



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