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
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25367. (Read 26611756 times)
October 04, 2014, 02:32:36 PM
J line hasn't been this low since Oct 2011 @ $2.50
October 04, 2014, 02:30:10 PM
2xx here we come
October 04, 2014, 02:29:56 PM
ok, ok bears... here are your cheap coins...
then what?? instant grow like magical beans, whenever you want?
"It´s easier to mantain an user base, than build a new one" Many dudes lost big money on BTC... dont count for them again.
Good luck with your devaluated coins, bears.
then what?? instant grow like magical beans, whenever you want?
"It´s easier to mantain an user base, than build a new one" Many dudes lost big money on BTC... dont count for them again.
Good luck with your devaluated coins, bears.
October 04, 2014, 02:29:37 PM
Sorry for the late notification.
BTC down because Winklevii dumping slowly due to discouraging feedback from SEC on COIN application.
No links or evidence, just brilliant reasoning.
BTC down because Winklevii dumping slowly due to discouraging feedback from SEC on COIN application.
No links or evidence, just brilliant reasoning.
October 04, 2014, 02:28:39 PM
Will we just break 300$ or do we also have to break the former ATH in the next leg down?
October 04, 2014, 02:28:35 PM
October 04, 2014, 02:28:26 PM
only the trust believe ... and stay ... and do nothing. 
October 04, 2014, 02:28:03 PM
Confirmed
October 04, 2014, 02:27:41 PM
October 04, 2014, 02:24:43 PM
we are fucked
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
October 04, 2014, 02:23:05 PM
October 04, 2014, 02:22:41 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.
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...
October 04, 2014, 02:17:10 PM
why is btc going down... not up?
Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.
If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).
I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.
The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.
*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.
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.
Agree
October 04, 2014, 02:16:45 PM
So, can we expect another leg down? Another bear pennant is building. Adam, what does solid TA say?
October 04, 2014, 02:15:17 PM
Seems like we have hit a resisdens at 330-340. Still, have the feeling we are still going to see much lower prices.
Personaly I think it would be best if price crashes to 200-230, i doubt that price would fall much lower then that...and then, from there on the next uptrend could start.
It was same last year, price went down, down and down untill a crash to around 60$, then it turned into a uptrend.
Anyways, I am holding my btc, no matter what...to risky to sell now, even though I belive we are far from the rock bottom
Personaly I think it would be best if price crashes to 200-230, i doubt that price would fall much lower then that...and then, from there on the next uptrend could start.
It was same last year, price went down, down and down untill a crash to around 60$, then it turned into a uptrend.
Anyways, I am holding my btc, no matter what...to risky to sell now, even though I belive we are far from the rock bottom
This is a myth that many here keep using. "We need to go down to $xxx before we can go up again".
Just another delusion.
Sorry, I did not mean to imply that we have to go to 200-230, this just a the point that I think might be a reasonable point for a change in trend...the price we are seeing now might aswell be the low and the start of an uptrend, but I just have the feeling that we are not at the low.
Any ways, there is no price level that we have to reach to get a change in trend...but there WILL be a price level at which the trend will change, if that is now, at 200-230$ or at 0.1$ ....how knows, we can just speculate
October 04, 2014, 02:14:25 PM
why is btc going down... not up?
Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.
If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).
I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.
The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.
*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.
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.
October 04, 2014, 02:11:17 PM
Do you guys think this will affect the difficulty?
could be.
we might actually see difficult target down for once, or at least not increase...
October 04, 2014, 02:09:04 PM
Do you guys think this will affect the difficulty?
October 04, 2014, 02:05:59 PM
why is btc going down... not up?
Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.
If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).
I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.
The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.
*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.
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