Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21156. (Read 26713001 times)

well if you look at the chart (log or non log) we broke the trendline in June 2014 also with an even better bottom

if you look at the log version it shows the same pattern like in June 2014 I market them. The only difference back then there was barely any Leverage trading... That's why the % swings were bigger back then..

log version Bitstamp:
We created nice Pinbars everytime we tried to touch >300$ recently... That's not bullish at all.


Well surely we broke the downtrend-lines but this doesn't mean we will instantly create a new uptrend and start the next bubble.
With all the Pinbars we had when we reached 300 it does actually more and more like another failed attempt to me...
In the end we could have just created another downtrendline...


surely the support on the Bitfinex orderbook is great but when shit hits the fan it's just one or two parachutes early adopters can fast exit the market.

As long as there is no real demand for bitcoin we I am still skeptical about a real uptrend. All this "Greece, We broke the Trendline, This time it's different, To the Moon" created the recent attempt to really break 300$ but it looks like it failed another time.



I really wonder if we could reach double digits... I am going to be so curious how all the perma Bulls will still show their moon pictures because we broke the downtrend line ...

I'm always astonished about the bullish self confidence...

...like the price never did break out of the logarithmic downtrend before only to form a new logarithmic downtrend.

I don't even say that there's absolutely no chance for a new mayor bull market from here (what would be the contrarian side of mental deficiency)...

...but what is this ever lasting and repeating bullishness where market did not confirm any direction? The same happened within all mayor consolidations since the ath. Is this an effect of smoking too much crack?

Coin
Explanation

Lol he obviously don't know who are the ones reading this thread or lurking around here. This bitcoin thread in particular has helped a lot of people before and still doing so.

You might be surprised to find out who reads this thread and there net worth...rumor has it the composite operator reads this on a regular basis!

Emboldened text: persecution complex = stop prattling nonsense. The market is blatantly manipulated, not that I have mentioned that in my last few posts so that is basically irrelevent.

It is common parlance to refer to those who benefit from the price rising and falling as bulls and bears. I am taking a guess that those with a bearish position have already sold short or simply sold their position. That is the reason why you have wormed back out the wood work, right?

edit: oh and the sig is for charity nlc..look it up in the dictionary (though i agree it is a bit annoying and i may not be able to carry on too long). Imagine what you could have done with those 6000 posts of shit your left on this forum in 2014.

Hey, thanks for the link. That makes for some pretty interesting reading. 430K BTC in a hot wallet, he only had one bank account which was shared with customer deposits, he knowingly deposited money into fake accounts, "my grandmother has a castle in Switzerland."

Ya. You take financial advice from this place, you are going to have a bad time.

Inca when did you start shiling your sig for nickels? Just curious.

You really need to get some distance from this persecution complex you have. Nobody is manipulating buys or sells. They are simply informed players reacting to the market with reference to the factors acting upon it.

You see ( and pray) that the market will keep going up so that your little bag will make you rich. Everyone else sees it as an organic, complex market of shifts and swings charting the slow adoption of a new way of exchanging value.

And failure of bears to break the price down out of the 270's is extremely bullish for the rest of the year. So sell away people (we know you already have)..

+1.

you've forgotten we've still broke the downtrend with a flatphase some weeks ago.

Except:

After a long multi month bear market technically bitcoin has broken out of all bearish trendlines and put in a series of higher highs and higher lows..(with a yearly high 3 weeks ago)
Price has been supported at these levels by the market (200-300) without collapsing except on a single high volume reversal (following a hack) for over two years..
Halving approaching which will reduce new coin inflation by 50% and reduce exchange supply accordingly.

The onus is on bears to find a reason for the price to collapse. Bulls can support the price easily in this range and have done for years. The market is now comprised numerous exchanges, not a single point of failure. Soon supporting the price in this range will become twice as easy. I haven't even mentioned ETN's, potential ETF's and the 0.9 billion USD VC investment projected for this year.

Karpeles going to prison will probably be looked back upon as a bullish event where bitcoin leaves behind MtGox once and for all..

I don't know how much the forum sentiment reflects the real market behavior. Often I think that I overestimate the influence of bullish delusion found here...since the wall observer is the hangout of bulltards (up, up, up...)

...but if I take it as a serious indicator I would say that ~315 was the top before a new mayor low.

The bulls have time on their side. You just wait and see.

But this time it's the real bottom, not?

Or will you say again: At this time it was the bottom? 

well that's a lot more then the bulls with their "Pray to the Moon train" tactic have...

Doom.

I suspect we are going to hear this a lot from bears on here in the coming days and weeks. This and the 'Japanese bankruptcy court to force liquidation of 200,000 coins!!!' and 'when is the next USMS auction' is really all the bears have now.

Bears need some pretty heroic selling to move the price down. It may come. But not from any of you lot.

So Mark is basically the creator of the May/April 2013 bubble and the December 2013 bubble...


Lets see where the price of btc really bottoms out...