Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25148.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on October 09, 2014, 01:11:07 PM

Quote from: adamstgBit on October 09, 2014, 01:01:50 PM

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit Cry

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in Undecided

Adam: My post from earlier seems to respond to this:

tl: dr: FUCK!!!!

Quote from: JayJuanGee on October 09, 2014, 12:14:37 PM

Quote from: adamstgBit on October 09, 2014, 11:44:21 AM

there we go virtex has caught up

i am so fucked.

You are NOT really attempting to trade (especially short) in these price ranges? Shocked

FUCK!!!!!! Roll Eyes

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

If you wanna watch the cftc here's the live stream.

Starts to talk about BTC in an hour and a half.

http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive

staffsan

jr. member

Activity: 33

Merit: 3

I want to be a pro tradah^, should i short now? Anyone? Adam?

Also, could someone explain this whole honey badger thing?I tried to understand, i googled honey badger and found a youtube video about the "crazy nastyass honey badger", and i also read the wiki from which my favourite part is:

"The voice of the honey badger is a hoarse "khrya-ya-ya-"ya" sound. When mating, males emit loud grunting sounds.[5] Cubs vocalise through plaintive whines.[7] When confronting dogs, honey badgers scream like bear cubs.[29]"

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: podyx on October 09, 2014, 01:12:02 PM

Quote from: adamstgBit on October 09, 2014, 01:11:07 PM

Quote from: adamstgBit on October 09, 2014, 01:01:50 PM

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit Cry

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in Undecided

I do think we gonna have a big bear trap down to 330-340 after we've hit 440 sometime this weekend

Don't take my word for it though

i know, bye bye my little coins, it was nice hodling you Cry

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: adamstgBit on October 09, 2014, 01:11:07 PM

Quote from: adamstgBit on October 09, 2014, 01:01:50 PM

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit Cry

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in Undecided

I do think we gonna have a big bear trap down to 330-340 after we've hit 440 sometime this weekend

Don't take my word for it though

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: adamstgBit on October 09, 2014, 01:01:50 PM

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit Cry

i spoke to soon virtex gives a shit nice little sell off just now

but i'm going to need another leg down to get back in Undecided

WeltMaster

sr. member

Activity: 437

Merit: 250

China leads the rally again...

What is it with the rest of the world?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: WeltMaster on October 09, 2014, 01:00:18 PM

Hahah all these smart "investors" saying bitcoin is a good short right now with such certainty...

Yes, we might test new lows or maybe a double bottom. IMO pretty unlikely but it could happen.

But they really don't have a clue about the honey badger do they Grin

Maybe that explains, in part, why people tend to lose a lot of money when they attempt to trade and time the market? b/c shorting bitcion would have been very good in the last 10 months; however, i have pretty strong doubts that shorting is NOT going to play out as well, as an over all strategy in the next 10 months - and in that regard, probably the exact opposite will be the better gamble, in the next 10 months-ish... and if history is any indicator, the bull period may be even shorter - once it does hit.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

solid volume on the pull back this is looking like a trap.

also, virtex doesn't give a shit Cry

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Moria843

sr. member

Activity: 442

Merit: 250

Found Lost beach - quiet now

The days of wine and roses? I hope not. For those of you who are too young, this is an old movie and it didn't end well.

WeltMaster

sr. member

Activity: 437

Merit: 250

Hahah all these smart "investors" saying bitcoin is a good short right now with such certainty...

Yes, we might test new lows or maybe a double bottom. IMO pretty unlikely but it could happen.

But they really don't have a clue about the honey badger do they Grin

hyphymikey

hero member

Activity: 784

Merit: 1000

Get trapped bears!

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: podyx on October 09, 2014, 12:47:54 PM

dear god that ass, lord have mercy lol

amen lol

YogoH

sr. member

Activity: 280

Merit: 250

Nice pit-stop to pick up the slow ones at 370, next its 395 and potentially taking down 400. All-time high active swaps on bitfinex

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: prophetx on October 09, 2014, 12:46:07 PM

Quote from: derpinheimer on October 09, 2014, 12:35:15 PM

Quote from: gwoplock on October 09, 2014, 12:32:38 PM

Quote from: derpinheimer on October 09, 2014, 12:31:31 PM

Quote from: gwoplock on October 09, 2014, 12:27:54 PM

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

Ok so I'm being logical thinking that this upward trend can't be sustained.

Well I think regardless of whether or not a true reversal occurred at $300 or not, a retrace is due..

The market clearly wants to move down but there are still plenty of buyers.

a double bottom would be a very strong indication of a true reversal

after the double bottom happens the rocket ship will be ready for the moon

Oh MY!!!!! I forgot what we were talking about... Shocked

NotLambchop

sr. member

Activity: 378

Merit: 254

Chow time?

podyx

legendary

Activity: 2338

Merit: 1035

dear god that ass, lord have mercy lol

gwoplock

full member

Activity: 173

Merit: 108

Quote from: JayJuanGee on October 09, 2014, 12:42:12 PM

Quote from: gwoplock on October 09, 2014, 12:31:09 PM

Quote from: JayJuanGee on October 09, 2014, 12:29:40 PM

Quote from: gwoplock on October 09, 2014, 12:27:54 PM

Am I the only one that sees we are overbought.

Yes.. you and maybe one or two other delusional bears.. Cheesy

Ok what am I missing then. I'm new to this so I want to learn.

I don't claim to know much of anything either.. that is why I threw in the smiley faces.

However, I personally believe these terms of being overbought in these conditions have the potential of missing the point that BTC has been in a 10 month downtrend that has likely been manipulated downward.

Accordingly, we remain at a very low price point for the overall trend, there have been a lot of people pushed off into the side-lines looking for a trend reversal and their opportunity to buy back in.. and this may be the point to buy back in.. Yes there may be a bit of a battle for a week or so regarding whether the trend has actually reversed, and in the mean time, people may be getting back in or considering to get back in because the price has been so low for so long...

In other words, in looking at the longer term and the total market dynamics, I think it is a bit too short-sighted to suggest that we are overbought merely b/c there has been a 40% upward advance in the last week.

We can probably both agree that we are likely to see quite a bit of continued trading action in the coming days..

Ok. That makes sense. Thanks.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: derpinheimer on October 09, 2014, 12:35:15 PM

Quote from: gwoplock on October 09, 2014, 12:32:38 PM

Quote from: derpinheimer on October 09, 2014, 12:31:31 PM

Quote from: gwoplock on October 09, 2014, 12:27:54 PM

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

Ok so I'm being logical thinking that this upward trend can't be sustained.

Well I think regardless of whether or not a true reversal occurred at $300 or not, a retrace is due..

The market clearly wants to move down but there are still plenty of buyers.

a double bottom would be a very strong indication of a true reversal

after the double bottom happens the rocket ship will be ready for the moon

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25148. (Read 26610738 times)