Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16452.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: Lopumbo on September 15, 2017, 10:12:54 AM

Although I'm in the profit zone with my current trade (bought some at ~2550€) these price movements are just ridiculous. Nothing healthy...

Nothing healthy? I was thinking that it was finally starting to feel "normal." I hadn't seen the bounces we had in 2013! Unlike then though, hubby and I had a plan and we are sticking to it and it actually working! So weird.

Now if only we could get our $1700 from Kraken that is lost in limbo. They said that they sent it to our bank but we haven't received it and they are not communicating well about it.

And, my husband set up a stop loss order for some ETH (tried purchasing some for the first time to diversify). On Coinbase we sold at $360 and then the dollar amount was $0. It appears to be a glitch of some sort but it has been over 2 weeks and Coinbase hasn't responded at all. Over $6000 is missing. So we pulled quite a bit of cash off of there as it is so frustrating that we can't trust any exchange still. I thought we were beyond that now. But, alas, things are still not too different I suppose.

But we did sell a bit at $4800 and bought some back at $3200. That felt good.

Neo_Coin

sr. member

Activity: 1204

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"Be Your Own Bank"

https://prnt.sc/gljnvq

Spaceman_Spiff_Original

full member

Activity: 417

Merit: 220

I was expecting a very fast recovery, but I have to admit I didn't expect it to blow up this high this fast Shocked

.
For me it is a good thing, the faster we recover, the more likely that we are still in a long-term bull.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Lopumbo on September 15, 2017, 10:12:54 AM

Although I'm in the profit zone with my current trade (bought some at ~2550€) these price movements are just ridiculous. Nothing healthy...

nothing new

(you do get what you have bought into I hope - and frankly this ain't shit! wait until 2018 there is hundreds of billions coming into this overall crypto market (of which BTC is going to get a fair share)...think what that HAS GOT TO look like.. like really think about it)

Lopumbo

full member

Activity: 196

Merit: 102

Although I'm in the profit zone with my current trade (bought some at ~2550€) these price movements are just ridiculous. Nothing healthy...

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: Torque on September 15, 2017, 09:55:52 AM

So many new account posters here have no long term vision.

I expect at least 80% of you to vanish from here within 1-2 years, just like MatTheCat and the others from the past who pissed all your money away on FOMO buying, then fear/greed gambling, selling at the bottom, and the like.

Read my lips: you will NEVER be wealthy in the future, because you are doing it all wrong.

Yep! Some people expect to buy 10 bitcoin's & become rich within 6 months. It simply does not work like that. Too many people come into bitcoin with patheticly weak hands. HODLING for a number of years is the only way to become rich in this game.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Yeah traders have been bidding the weekly 20 MA for a long time. When that stops we have a problem:)

Meuh6879

legendary

Activity: 1512

Merit: 1012

The market don't want low cotation ...

Millionero

sr. member

Activity: 807

Merit: 423

Quote from: BitcoinNewsMagazine on September 15, 2017, 09:59:44 AM

BTC/USD at Bitstamp bounced right off the weekly 20 MA. Until that weekly 20 MA is taken out we are still in a bull market. I draw the Fibonacci support levels properly anchored all the way back at the $152 low. The 38.2% level was broken briefly which is not a concern as the weekly 20 MA held. There is an RSI divergence; again not a concern as it happened before. I do think the 23.6% Fibonacci retrace is an important resistance to break. If there is going to be a weekly dead cat bounce it should be between $3840 and $4000. The sooner price gets back above $4000 the better it is for a continued bull market.

It hit the 20MA with such exactitude that it's like a deus ex machina.

Meuh6879

legendary

Activity: 1512

Merit: 1012

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

BTC/USD at Bitstamp bounced right off the weekly 20 MA. Until that weekly 20 MA is taken out we are still in a bull market. I draw the Fibonacci support levels properly anchored all the way back at the $152 low. The 38.2% level was broken briefly which is not a concern as the weekly 20 MA held. There is an RSI divergence; again not a concern as it happened before. I do think the 23.6% Fibonacci retrace is an important resistance to break. If there is going to be a weekly dead cat bounce it should be between $3840 and $4000. The sooner price gets back above $4000 the better it is for a continued bull market.

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

insert "that escalated quickly.gif" here.

thanks

Millionero

sr. member

Activity: 807

Merit: 423

Quote from: JimboToronto on September 15, 2017, 09:30:32 AM

Well good morning Bitcoinland.

Looks like reality is finally starting to rain on the little teddy bears' picnic.

After one last shakeout of the weaklings prices are starting to return to normal... currently $3598USD/$4366CAD (Bitcoinaverage).

AltcoinCash still slipping at $409USD/$497CAD (Coinmarketcap).

Just the sheer volume should indicate that this was the bottom. I'm glad I spent my last spare cash a couple of hours ago, just before the price went up at my local ATM.

Hopefully that's the end of this dip. If I were to buy any more, I might have to (shudder) use my credit card if I needed to buy something. Using credit cards always makes me feel like such a sucker. Cash rules.

I'll give you an example of when it's a good idea to use credit cards.
It was early 2015. I was unemployed and down to about $20k in assets and about the same amount in debt of various kinds.
Insolvent or getting there quickly.
I had a gut feeling that, rather than tap my assets for living expenses, I should preserve my capital. So I started living off my credit cards.
My second gut feeling was that we were at a market bottom.
So put my $20k in bitcoin, and lived off my credit cards.
As bitcoin went up through 2016, I started incrementally liquidating my long position until the credit cards were paid off. I'm still hodling.

Quote from: Torque on September 15, 2017, 09:55:52 AM

So many new account posters here have no long term vision.

I expect at least 80% of you to vanish from here within 1-2 years, just like MatTheCat and the others from the past who pissed all your money away on FOMO buying, then fear/greed gambling, selling at the bottom, and the like.

Read my lips: you will NEVER be wealthy in the future, because you are doing it all wrong.

Some of us aren't like that.
But being a long term hodler can be painful, as witness the recent market meltdown.
Guess it's not for everybody.

Torque

legendary

Activity: 3794

Merit: 5474

So many new account posters here have no long term vision.

I expect at least 80% of you to vanish from here within 1-2 years, just like MatTheCat and the others from the past who pissed all your money away on FOMO buying, then fear/greed gambling, selling at the bottom, and the like.

Read my lips: you will NEVER be wealthy in the future, because you are doing it all wrong.

sui_generis

sr. member

Activity: 243

Merit: 250

Thanks for the cheap coins, ya weak handed dimwits!

ragnar0k

full member

Activity: 154

Merit: 101

Quote from: empowering on September 15, 2017, 09:52:22 AM

Quote from: ragnar0k on September 15, 2017, 09:48:18 AM

I don't understand why many are celebrating
Most people predicted a rebound and then the real crash...
Maybe I am wrong, but seems like it is going that way atm. Does anybody have any reason to think this is going high and it is not a bull trap?

It is not time to celebrate just yet...

Time to BREATH Wink

Alright!
Let me know when I can celebrate - I keep holding

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Maybe I should create a new meme... "hurrah, my bitcoins are worth what they were worth yesterday".

CristiTCM

full member

Activity: 141

Merit: 102

wow what a fast increase, next stop $5000 Cheesy

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: ragnar0k on September 15, 2017, 09:48:18 AM

I don't understand why many are celebrating
Most people predicted a rebound and then the real crash...
Maybe I am wrong, but seems like it is going that way atm. Does anybody have any reason to think this is going high and it is not a bull trap?

It is not time to celebrate just yet...

Time to BREATH Wink

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: becoin on September 15, 2017, 09:27:38 AM

Well, what can I say? As always, thanks for the cheap coin! Appreciated!

Yepp. All the newbies probably shit their pants and have learned their first bloody lesson. The guys who thought crypto is easy money got burned as well.
Strong hands and believers remained!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16452. (Read 26720873 times)