Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago.
This dip barely touched $270.
Feeling bearish today?
Yes, for today. Tomorrow is another story.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23218. (Read 26709477 times)
January 26, 2015, 06:12:37 PM
4 hours? It was at $260 4 hours ago.
This dip barely touched $270.
Feeling bearish today?
Yes, for today. Tomorrow is another story.
January 26, 2015, 06:12:32 PM
It is a bear trap.
Corrective wave on larger scale. Why? Elementary basics from here http://www.elliottwave.net/educational/basictenets/basics1.htm
See for yourself.
*Gulp*
Hmmh, the drop looks to have impulse structure, at least on Bitstamp. I could of course be wrong (and thus get bear trapped Corrective wave on larger scale. Why? Elementary basics from here http://www.elliottwave.net/educational/basictenets/basics1.htm
See for yourself.
*Gulp*
), but imo this movement doesn't seem very corrective at all. 
January 26, 2015, 06:10:04 PM
Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago.
This dip barely touched $270.
Feeling bearish today?
January 26, 2015, 06:09:16 PM
Just when you think Bitcoin has stumbled and is heading down... bam.
January 26, 2015, 06:02:59 PM
Aaaaand four hours of low volume melt-up wiped out.
Yeah... but they needed to dump 2500btc to break 270$. Don't know
OK, you need to understand that the pump and dump is basically over. Somebody is walking it down now, selling into his own buy orders just so he'll have more to dump on your head when you think the coast is clear. I've seen it before. Hell, I've done it before, but this is someone or some people with serious money and coins to play with.
January 26, 2015, 06:02:30 PM
So is the new bottom around 240/250? with another swing up after?
So far the new bottom has been $260.
Let's see what China (and the rest of the market) does.
January 26, 2015, 05:59:56 PM
January 26, 2015, 05:59:40 PM
So is the new bottom around 240/250? with another swing up after?
There is no certainty, only probabilities.
January 26, 2015, 05:57:03 PM
So is the new bottom around 240/250? with another swing up after?
Most likely a rapid rise to 700.Buy whilst you still can.
January 26, 2015, 05:56:43 PM
Aaaaand four hours of low volume melt-up wiped out.
January 26, 2015, 05:55:52 PM
So is the new bottom around 240/250? with another swing up after?
January 26, 2015, 05:55:29 PM
That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.
That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.
Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.
Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.
Hold on, does the OP imply we are due a wick extension piercing long term EMA? ($475)
OR
supposed wick has already formed but, failed to pierce EMA? thus trend down has began?
January 26, 2015, 05:55:16 PM
That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.
That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.
Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.
Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.
True, but I've made a lot of money following this one.
January 26, 2015, 05:54:16 PM
Someone trying to kill the shorts on futures! https://bitcoinwisdom.com/markets/796/btcfut
No you're wrong, these are stop loss close orders from shorts actually, you can see it in orderbook page of the website.
January 26, 2015, 05:53:56 PM
Looks like china dump started
January 26, 2015, 05:53:03 PM
That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.
That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.
Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.
Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.
January 26, 2015, 05:49:55 PM
Somebody really doesn't want that 1HR moving average to cross over.
January 26, 2015, 05:49:38 PM
That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.
That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.
Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.
Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.
January 26, 2015, 05:46:57 PM
January 26, 2015, 05:43:19 PM
the bitcoin song gave me douchechills
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