Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25366.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: inca on October 04, 2014, 02:36:32 PM

Quote from: NotLambchop on October 04, 2014, 02:22:41 PM

Quote from: inca on October 04, 2014, 02:14:25 PM

...
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial...

Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you?

Lol, if "the public are never buying at this stage of a cycle - ever," are all the bulltards lying through their teeth? Or are they the big players, AFA ur concerned?

*Just what would it take for you to "buy [your]last tranche of coins"? Another, bigger bull trap?

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: PapaEmeritus on October 04, 2014, 02:42:36 PM

Been dumping my BTC on Bitstamp since 460, last batch going to the slaughterhouse in 3 confirmations.
Thanks BTC, you´ve made me ALOT of fiat in these 2 years.

Your fiat belongs to Bitstamp until it's in your bank account.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: adamstgBit on October 04, 2014, 02:42:55 PM

Quote from: Xiaoxiao on October 04, 2014, 02:41:42 PM

From 0 it came, 0 it shall go. BTCE is freefalling again. All it takes is this thing to go below 300 for BTCE to hit 100. LOL @ btce

seem legit

state of Bitfinex:

serpicodk

member

Activity: 74

Merit: 10

Quote from: _javi_ on October 04, 2014, 02:29:56 PM

ok, ok bears... here are your cheap coins...

then what?? instant grow like magical beans, whenever you want?

"It´s easier to mantain an user base, than build a new one" Many dudes lost big money on BTC... dont count for them again.

Good luck with your devaluated coins, bears.

Why do you care about the price. Bitcoin is a wonderful technology for payments you should celebrate that.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

So it seems that the rumors are true and the COIN ETF will only contain DOGE, whou would have thought that. Good night BTC, sleep well little prince.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: brekyrself on October 04, 2014, 02:43:33 PM

Hard to believe that all the money will exit btc... Chances are most will buy back in or diversify back into btc & alt coins.

its out with the old in with the new today.

poeple selling have no choice but to sell, they are consumed by fear and greed!

brekyrself

hero member

Activity: 547

Merit: 502

Hard to believe that all the money will exit btc... Chances are most will buy back in or diversify back into btc & alt coins.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Xiaoxiao on October 04, 2014, 02:41:42 PM

From 0 it came, 0 it shall go. BTCE is freefalling again. All it takes is this thing to go below 300 for BTCE to hit 100. LOL @ btce

seem legit

PapaEmeritus

newbie

Activity: 14

Merit: 0

Been dumping my BTC on Bitstamp since 460, last batch going to the slaughterhouse in 3 confirmations.
Thanks BTC, you´ve made me ALOT of fiat in these 2 years. If i only sold at the 1200 peak, i would be fucking richie-rich Cry

itod

legendary

Activity: 1974

Merit: 1077

Honey badger just does not care

Quote from: ShroomsKit on October 04, 2014, 09:43:38 AM

Quote from: itod on October 04, 2014, 09:40:40 AM

Quote from: grappa_barricata on October 04, 2014, 09:14:16 AM

china retesting 2100 yuan

If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

I love when I'm right and prove the troll wrong. BTCChina reached CNY 2010 and bounced back, Huobi reached CNY 2001 and bounced back from that. Chinese are not giving up that CNY 2000 line ($325) that easy, there will be a fight.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

From 0 it came, 0 it shall go. BTCE is freefalling again. All it takes is this thing to go below 300 for BTCE to hit 100. LOL @ btce

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Too much panic even for a cat meme

Bitcoins101

hero member

Activity: 924

Merit: 509

Quote from: _javi_ on October 04, 2014, 02:29:56 PM

ok, ok bears... here are your cheap coins...

then what?? instant grow like magical beans, whenever you want?

"It´s easier to mantain an user base, than build a new one" Many dudes lost big money on BTC... dont count for them again.

Good luck with your devaluated coins, bears.

That's why you short it instead of just waiting around in fiat. I'll make an absolute fortune if bitcoin crashes to nothingness.

bengtåke

sr. member

Activity: 309

Merit: 250

confused developer

The bearwhales broke bitcoin's legs

y3804

sr. member

Activity: 406

Merit: 250

I know we've been through this like 5x times, but for some reason this feel differents.... everyone is in fiat now watching the market drop. No one believes in the bubble cycle anymore. No reason to buy Bitcoin. Adoption is done, even paypal has adopted bitcoin. What's next?

Bagatell

hero member

Activity: 722

Merit: 500

Quote from: adamstgBit on October 04, 2014, 02:33:57 PM

Quote from: Bagatell on October 04, 2014, 02:32:36 PM

Quote from: flounderella on October 04, 2014, 02:23:53 PM

We are very oversold here on the weekly chart. I dont remember seeing the RSI so low ever ... hovering around 30ish

J line hasn't been this low since Oct 2011 @ $2.50

what is J line?

http://ntindicators.com/ninjatrader-indicators/kdj.html

inca

legendary

Activity: 1176

Merit: 1000

Quote from: NotLambchop on October 04, 2014, 02:22:41 PM

Quote from: inca on October 04, 2014, 02:14:25 PM

...
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

Didn't think it was possible, but that reasoning... Like palpable, visible manifestation of denial...

Who is in denial? I am waiting for a capitulation flash crash to buy my last tranche of coins. I would much prefer that than this slow drawn out bear slide. I can also see the bigger picture. What exactly about my post did not make sense to you?

newbitech

newbie

Activity: 5

Merit: 0

Quote from: flounderella on October 04, 2014, 02:23:53 PM

We are very oversold here on the weekly chart. I dont remember seeing the RSI so low ever ... hovering around 30ish

RSI below 30 is oversold. If you are looking at the weekly chart for bitstamp, BTC has never ventured into oversold territory. On the other hand, RSI > 70 is overbought. BTC has peaked the RSI twice and has ridden a very large chunk of time in overbought territory.

To say that BTC is oversold is inaccurate. It could be after this week, but to use the term "very" even if it does dip below 30 this week is a misreading of that indicator.

The market is going to find a balance in price level eventually. BTC has been one of the most well behaved technical charts I've ever seen. To find that balance, I suspect you are going to see some very oversold conditions and perhaps peak the RSI to the down side 1 or 2 times before it starts bouncing around with stability between 30 and 70 RSI.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Japan line.
120 Yen = 1 USD.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Bagatell on October 04, 2014, 02:32:36 PM

Quote from: flounderella on October 04, 2014, 02:23:53 PM

We are very oversold here on the weekly chart. I dont remember seeing the RSI so low ever ... hovering around 30ish

J line hasn't been this low since Oct 2011 @ $2.50

what is J line?

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