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

[N12]

You start to short at the top of a bounce, definitely not while it's going down.

No, you always wait for confirmation except in the circumstances I listed, especially when you enter a margin trade that's not only price but time sensitive. If you don't, and categorically short every bounce, good luck in the long run.

The polar opposite to this is people who buy every dip.

[Wandererfromthenorth]

We are at previous historic support from a few days ago. Previous support becomes resistance.

The bounce is weak. shorting at the top of it is a sound strategy.

I give 0 fucks about the quantity of shorts right now. Look at the quantity of longs if you guys want something exciting to think about.


Tight stops as always in case it's REKT time.

[janos666]

You start to short at the top of a bounce, definitely not while it's going down.

No, you always wait for confirmation except in the circumstances I listed, especially when you enter a margin trade that's not only price but time sensitive. If you don't, and categorically short every bounce, good luck in the long run.

Aren't these crossing MACD graphs good enough confirmations to open a short posotion when coupled with the overal attitude of the forum trolls?



Yeah, I know, I know. Just say no to robot porn!

[Wandererfromthenorth]

You start to short at the top of a bounce, definitely not while it's going down.

No, you always wait for confirmation except in the circumstances I listed, especially when you enter a margin trade that's not only price but time sensitive. If you don't, and categorically short every bounce, good luck in the long run.

The polar opposite to this is people who buy every dip.

But yes shorting every bounce is not a good idea. Depends on the circumstances I agree.

[BBmmBB]

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http://mallimages.mallfinder.com/sales/2137020655/Screen-Shot-2014-10-23-at-8-42-43-AM.png

[Wandererfromthenorth]

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LMAO

[ChartBuddy]

Explanation

[grappa_barricata]

[Dotto]

FUC

Fear
Uncertain
Confusion


Confirmed FUC

[magicmexican]

What kind of trap is this?

1D macd turned red with the dumping pattern, retest of 300 is coming, cut the loose.

[elasticband]

What kind of trap is this?

1D macd turned red with the dumping pattern, retest of 300 is coming, cut the loose.

It's not a trap my friend........

[Newbie1022]

Trap music... to go along with the trap... http://www.youtube.com/watch?v=RpSWBFVDxzc

[NotLambchop]

I'm not looking at the price but it seems we're going up when everybody says trap

My guess is we're at 354?

Nah, load blown @ 355 and back in the 340s.

[porcupine87]

I'm sure everyone realizes by now this will end in a dump?

see you at 377 in 29 hours.

I think rpietila called the 340 bottom (before it went to 280)!  

We could go straight up from here.  

the bottom is 23.8% of peak, same as the last bubble.   Check it if you don't believe me. 

yeah and the bottom was 3month after the april bubble 2013. So the bottom after the december bubble will be in Feb 14. Right?

[POM]

I'm not gonna say $340 was ebola but it was ebola. 

[Newbie1022]

Stamp and Finex are both below BTC-e. This was precisely the make-up right before each flash crash. Will it happen, again. Time will tell.

[BlindMayorBitcorn]

Stamp and Finex are both below BTC-e. This was precisely the make-up right before each flash crash. Will it happen, again. Time will tell.

BTC-e should never be above Stamp. I smell harbour

[Newbie1022]

Note: Stamp and Finex trading below BTC-e is a sign of manipulation. Manipulation has at time precipitated into a flash crash. That's how I'd explain the phenomenon in a nutshell.

[jonoiv]

What kind of trap is this?

1D macd turned red with the dumping pattern, retest of 300 is coming, cut the loose.

You are wrong this time.  it will never test 330 again.  this is it!

If people short here they will lose out big time we are just over a day from + 370
 

[Pala_00]

Paypal's whales are buying a lot of shares...