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

[manfred]

Has the bottom been reached?

indeed, on the 5th of October

[dreamspark]

Has the bottom been reached?

The bottom was reached a month ago, all the intelligent people who don't stare at charts 24/7 or get bothered by $20 movements loaded up the boat then and are now sitting back with a cigar laughing at all the people trying to trade a market like this, myself included. Trading short term in a market like this is a gamble at best.

[podyx]

Has the bottom been reached?

indeed, on the 5th of October

I mean temporary bitstamp bottom at $412

[Sitting Bull]

Bears need to try harder than this...

Hahah. Very true! 

http://www.youtube.com/watch?v=YRKhTvUUYMI

[LFC_Bitcoin]

Back up to $430 on Coindesk

[Phillis]

Has the bottom been reached?

indeed, on the 5th of October

I mean temporary bitstamp bottom at $412

most likely for the short term. Looks like the bounce is under way

[oda.krell]

https://en.wikipedia.org/wiki/MACD

(Ahem, I cannot resist pointing out that I helped edit that article, a few months ago. )

Glad to see you're finally warming up to technical analysis

Well, I also created this article and a few others on spirituality, quack remedies, etc.  

Looking for" reasons " yet for this one?

Of course.

My best guess at the moment is the "three billion hedge fund started trading on our platform" rumor.  It is consistent with OKCoin being the leader, leaving even Huobi behind.  

But it may be TA, indeed: namely people expecting "the next bubble" because of the 5-year WorldCom extrapolation plot and/or analogies with 2011 or 2013.  I.e. a case of self-fulfilling prophecy.

+1 for being a WP editor.

And one day, when you're ready, you will see the (technical) light, and identify the two main drivers of markets (outside fundamentals): momentum, and mean reversion

[YogoH]

China please

[podyx]

Here we go!

[LFC_Bitcoin]

Has the bottom been reached?

The bottom was reached a month ago, all the intelligent people who don't stare at charts 24/7 or get bothered by $20 movements loaded up the boat then and are now sitting back with a cigar laughing at all the people trying to trade a market like this, myself included. Trading short term in a market like this is a gamble at best.

All the charts, EW etc are bull shit.

Nobody has a mother fucking clue what's up.

HODL and enjoy the ride bitches.

[Davyd05]

or that dump was the first bear trap of the bull season? who knows?

[podyx]

I think we are gonna consolidate around 440 and move up heavy tomorrow
much like 21st may of 2014

[Room101]

another $50 rise while i sleep would be good bulls. Buy now or forever miss out.

[LFC_Bitcoin]

[oldm8]

or that dump was the first bear trap of the bull season? who knows?

Pure speculation this.
Or the 7am. UTC dumper who has for months dumped about 1k at this time usually an hour later at weekends.
The dumpers timing changed at the end of september by one hour ( daylight savings time in Iran and Egypt). Both countries have cheap electricity - dumper could be mining syndicate.
Anyhow the dumper has held back for several days so this mornings dump could just be the backlog of saved coins.
Yesterdays Fiat transfers will be reaching Bitstamp around now lunchtime, speculators with their buying shoes on.
Anyone notice difficulty logging into Stamp as the dump was in progress? When the dump was over at $415 bitstamp was again properly accessible.

[ShroomsKit]

Please raise your hand if you sold at the bottom of that dump. I know many of you traders did.

[N12]

I do know of one particular trader:

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

[oldm8]

Please raise your hand if you sold at the bottom of that dump. I know many of you traders did.

And now will be busy buying back for 10 dollars more plus trade fees

[akujin]

Please raise your hand if you sold at the bottom of that dump. I know many of you traders did.

 

[criptix]

Dat volume

Is it time for the bullmarket yet