Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17859.

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

Quote from: toknormal on January 17, 2017, 04:39:42 AM

Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post.

See also long range view here.

The two I deeply love, trust and enjoy their persona and TA.

Toknormal and PoolMinor.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Well well well. They say a watched kettle never boils.

I go out for some live music and a few cold Guinness Extra Stouts and stop in for a lungful on my way home (without my Android device), blissfully unaware of what was happening in Bitcoinland, and I come home to this.

It's about time. I can't believe it took almost a week for people to come to their senses and realize that the PBOC-rumor-induced dip of the last 2 weeks was just a silly little panic... weaklings selling their coins at an artificially low price, while wise holders laughed and accumulated.

Congratulations to all those who took advantage of an outstanding buying opportunity and my deepest condolences to those who sold.

At no point did it ever feel like a trend reversal to me. The fact that it coincided with a time when a small correction was overdue was very fortuitous. It sent the price much lower than it should have gone, creating a chance for bulls to stock up and for bears to have their first Teddy Bears' Picnic since July.

Now we seem back on track.

toknormal

legendary

Activity: 3066

Merit: 1188

Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post.

See also long range view here.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

~$870 and then ↑

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

What BTCUSD "COULD" have been without Mt. Gox compared to current:

EDIT: Possible it could have been less high of an angle. We'll never know... Talking about 2013 WITHOUT Mt. Gox.

notme

legendary

Activity: 1904

Merit: 1002

Payload delivered... time for this:

unknown04

full member

Activity: 219

Merit: 100

Art is the triumph over chaos

Quote from: mainpmf on January 17, 2017, 03:17:52 AM

Quote from: 600watt on January 17, 2017, 02:55:41 AM

is it december all over again? wtf?

edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.

edited 20x Grin

Is that christmas again?

I love waking up seeing I'm 10% richer than when I went to sleep.
And this, my friend, is the magic of bitcoin.
All pray the yellow coin!

Chinese New Year is coming Jan 28-29 if not mistaken. Might expect huge changes during that period.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

PBOC banned leveraged buying and SELLing ... time for some price discovery without deluges of fake fiat coins.

GBattaglia

hero member

Activity: 735

Merit: 501

Quote from: 600watt on January 17, 2017, 02:33:28 AM

the panic sellers that didn´t want to slide down in agony with their live savings a second time around after nov.2013 are now getting the FOMO. some of them may have left btc for good, but most of them were just scared. they will jump back the closer it gets to their prior sell level.

because for a bitcoiner it is painful to see a 30% drop in price. but it is much more pain to even lose some btc when it rises again , and they haven´t bought back in.

so expect more of those 5% upward jumps. fuck yeah.

edit: $870/Y6000 will be resistance for a while, tough.

edit2: it was resistance for about 3 minutes, lol

Was coming here just to say that resistance didn't resist very long. China soon to be 6200 and BTC-E pushing $880.
China isn't leading very much in this rise though which I think is a good thing. Really I was expecting the rise to resume
when and if the PBOC says their inspection of BTC-China came out all clear.

mainpmf

sr. member

Activity: 448

Merit: 250

Quote from: 600watt on January 17, 2017, 02:55:41 AM

is it december all over again? wtf?

edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.

edited 20x Grin

Is that christmas again?

I love waking up seeing I'm 10% richer than when I went to sleep.
And this, my friend, is the magic of bitcoin.
All pray the yellow coin!

Gillette

hero member

Activity: 744

Merit: 500

I wonder if Tzupy bear is still waiting for $600? Grin

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: mymenace on December 16, 2016, 07:53:39 PM

top out about 1000-1050

dropping to 750-800

averaging out about the magical $888 signifying the Chinese triple fortune numerology conspiracy theory

for rocket ships and moons to start appearing

close enough

moons and rockets please

600watt

legendary

Activity: 2338

Merit: 2106

is it december all over again? wtf?

edit:
i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains.

but ... but ...

hard to humble.

edited 20x Grin

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: notme on January 17, 2017, 02:40:24 AM

Quote from: PoolMinor on January 17, 2017, 02:36:00 AM

Quote from: notme on January 17, 2017, 02:22:44 AM

Quote from: PoolMinor on January 17, 2017, 02:21:57 AM

Quote from: yonton on January 17, 2017, 02:17:23 AM

Wow it's going up fast what's going on?

People are buying

And fewer people are ~~n't~~ selling.

FTFY

Thank you for your pedantic lesson on market mechanics. Can we get back to posting rockets and trains now?

notme

legendary

Activity: 1904

Merit: 1002

yonton

sr. member

Activity: 854

Merit: 262

Are margins back on Chinese exchanges?

harrymmmm

hero member

Activity: 576

Merit: 503

Quote from: notme on January 17, 2017, 02:28:53 AM

Quote from: PoolMinor on January 17, 2017, 02:23:30 AM

Quote from: notme on January 17, 2017, 02:22:44 AM

Quote from: PoolMinor on January 17, 2017, 02:21:57 AM

Quote from: yonton on January 17, 2017, 02:17:23 AM

Wow it's going up fast what's going on?

People are buying

And people aren't selling.

Actually they are, that's how the people buy in the first place..... Roll Eyes

For price to move up, there has to be more buyers at the current price than sellers.

This isn't even the right way to state it. There's still the same number of sellers as buyers, right?

Maybe the right way to state it is to say that the buyers are willing to cross the spread to buy, while the sellers are not...

notme

legendary

Activity: 1904

Merit: 1002

Quote from: PoolMinor on January 17, 2017, 02:36:00 AM

Quote from: notme on January 17, 2017, 02:22:44 AM

Quote from: PoolMinor on January 17, 2017, 02:21:57 AM

Quote from: yonton on January 17, 2017, 02:17:23 AM

Wow it's going up fast what's going on?

People are buying

And fewer people are ~~n't~~ selling.

FTFY

Thank you for your pedantic lesson on market mechanics. Can we get back to posting rockets and trains now?

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: notme on January 17, 2017, 02:22:44 AM

Quote from: PoolMinor on January 17, 2017, 02:21:57 AM

Quote from: yonton on January 17, 2017, 02:17:23 AM

Wow it's going up fast what's going on?

People are buying

And fewer people are ~~n't~~ selling.

FTFY

600watt

legendary

Activity: 2338

Merit: 2106

the panic sellers that didn´t want to slide down in agony with their live savings a second time around after nov.2013 are now getting the FOMO. some of them may have left btc for good, but most of them were just scared. they will jump back the closer it gets to their prior sell level.

because for a bitcoiner it is painful to see a 30% drop in price. but it is much more pain to even lose some btc when it rises again , and they haven´t bought back in.

so expect more of those 5% upward jumps. fuck yeah.

edit: $870/Y6000 will be resistance for a while, tough.

edit2: it was resistance for about 3 minutes, lol

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17859. (Read 26609788 times)