IMO we are a couple of months away from the bottom, we will still trade side ways but the big picture (1w MACD confirms that) is telling me that we are just not there and it will take some time.
I hope I am right, because I took the aggressive way of trading by going all out... and I have no open bids yet, I have no idea where I will put my bids but I will decide later when the picture is clearer.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26383. (Read 26656749 times)
August 14, 2014, 11:26:34 AM
August 14, 2014, 11:24:58 AM
We have a small rally up to $520 and everyone now thinks it's over? There will be a lot of sad people here when we continue down into the $400s later this evening.
August 14, 2014, 11:24:52 AM
monkey is screaming buy now, intraday. remains bearish daily.
August 14, 2014, 11:21:30 AM
all who sold below 520 should buy back now to cut their losses fast.
so, you are shorting just below 520?
August 14, 2014, 11:20:10 AM
damn, choice time to buy right now, bottom was definitely 497
Yup.
Congrats to all those who added positions in the 400s. Solid play today. There is just no selling pressure now. Wouldn't be surprised if this is the catalyst for a long term rally.
August 14, 2014, 11:19:55 AM
all who sold below 520 should buy back now to cut their looses fast.
FTFY August 14, 2014, 11:19:33 AM
all who sold below 520 should buy back now to cut their losses fast.
August 14, 2014, 11:18:40 AM
They may have been keeping the price "stable" by holding the price down too. The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price. I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.
Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
And how are they keeping the price down?Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
Witchcraft
That's how it is done. I always do my magic TA nude, the same as I dump coins beeing nude. You can't do it in another way.
August 14, 2014, 11:18:10 AM
waited until $499 just to make me feel pretty
August 14, 2014, 11:18:04 AM
Not really, huobi and okcoin have mostly fake volumes. Biggest platform are bitstamp&bitfinex then btcchina. Not saying that huobi and okcoin has to be ignored (we are adding them very soon ) but their volumes has to be taken as half fake.
I avoid calling it "fake" volume, but I agree. The current (daily) leg of the capitulation is, in my opinion, mainly driven by Bitfinex - not really a surprise, given the huge built-up leveraged long positions that Blitz highlighted in his post ages ago. Despite their daily volume still being dwarfed by the Chinese exchanges.
So that's further evidence for those of us who believe that, while CNY volume might be "real", it is simply less relevant, per dollar, being largely automated, zero fee volume.
August 14, 2014, 11:17:10 AM
damn, choice time to buy right now, bottom was definitely 497
August 14, 2014, 11:16:53 AM
wow, such rebound, much profit for retarded trolls.
August 14, 2014, 11:15:54 AM
With an ask side that shallow, and a few millions of $ more on the side lines from fishes that sold, we´re now ready to break 600$
August 14, 2014, 11:15:26 AM
We reached the bottom. I'm back in. Thanks for playing.
no bitcoin is dying, just dead cat bounce, fallling said so.
August 14, 2014, 11:14:09 AM
We reached the bottom. I'm back in. Thanks for playing.
confirmed, back to 580
August 14, 2014, 11:11:39 AM
We reached the bottom. I'm back in. Thanks for playing.
August 14, 2014, 11:11:34 AM
They may have been keeping the price "stable" by holding the price down too. The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price. I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.
Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
And how are they keeping the price down?Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
Witchcraft
August 14, 2014, 11:11:14 AM
August 14, 2014, 11:10:09 AM
At this point the chances of going below 3000 to 27xx levels are very big
August 14, 2014, 11:09:43 AM
Back to 580$ 
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