Take a look at the 1 week charts at Bitcoin Wisdom.
Isn't there usually a double bounce at the top and bottom of every markets?
If that is the case then Bitcoin has to have one more big dump before heading to the moon.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27059. (Read 26709827 times)
June 24, 2014, 10:22:35 PM
June 24, 2014, 10:20:45 PM
My conclusion from my observation of the charts on the different exchanges is that we never in fact left the state where the Chinese are the market leaders. The Chinese are still our overlords, and they might lead us all the way back down as their government continues to crack down and shut down recharge codes, etc. Wall street will not be coming in to save us in July as I had hoped for because for some reason the regulations with Lawsky are being delayed and there has been no progress.
June 24, 2014, 10:19:04 PM
So guys, 27th June.. we learn that the coins sold well above market, we should see a price to $650+ within hours after confirmation? And, on the other side (well below market) we should see a drop to $545 or less within hours after confirmation.
But what about the case where we dont know the results? Down? Up? We all know this market never responds to nothing by doing nothing.
But what about the case where we dont know the results? Down? Up? We all know this market never responds to nothing by doing nothing.
June 24, 2014, 10:16:05 PM
Good news everyone, the good news keeps on coming 
June 24, 2014, 10:14:43 PM
June 24, 2014, 10:13:08 PM
June 24, 2014, 10:11:06 PM
June 24, 2014, 10:10:23 PM
June 24, 2014, 10:09:22 PM
June 24, 2014, 10:00:47 PM
June 24, 2014, 09:56:06 PM
TERA actually says that this trend line is in slightly different place than most people assume and has been broken already couple weeks ago:
https://www.tradingview.com/v/FrBDVR6H/
https://www.tradingview.com/v/FrBDVR6H/
I stopped reading after the word "candle".
Markets do not follow trend lines. They just trend.
If we can maintain above $500 on a weekly basis then I'm still a bull.
June 24, 2014, 09:37:51 PM
Tera is a pathological doomster, even if they seem strangely unaware of it or just refuse to acknowledge it.
June 24, 2014, 09:35:38 PM
Well hell. I didn't like reading what Terra had to say on tradeview not one little bit.
June 24, 2014, 09:30:41 PM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
And who is supposed that defend that (imo useless line)? The Bitcoin police?
Nobody wants to buy because everyone is shitting their pants because of a small auction. It's that simple.
I you think breaking that trend line is no big deal for bitcoin well i disagree completely.
Of course everyone is waiting for the result of the auction, but I would expect btc to not break that trend line at least BEFORE the auction lol
No trend can last forever.
TERA actually says that this trend line is in slightly different place than most people assume and has been broken already couple weeks ago:
https://www.tradingview.com/v/FrBDVR6H/
June 24, 2014, 09:23:09 PM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
And who is supposed that defend that (imo useless line)? The Bitcoin police?
Nobody wants to buy because everyone is shitting their pants because of a small auction. It's that simple.
I you think breaking that trend line is no big deal for bitcoin well i disagree completely.
Of course everyone is waiting for the result of the auction, but I would expect btc to not break that trend line at least BEFORE the auction lol
June 24, 2014, 09:21:03 PM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
What are your predictions for 2014?
June 24, 2014, 09:19:43 PM
This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???
Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.
I like lines!
which line were you referring to exactly?
If you draw the trend line with the two points at red arrows you would have predicted
1: the $340 crash bottom
2: confirmation of the trend reversal with the huge pump "out of nowhere"
3: bounce from the last 680-540 crash
that trend line
June 24, 2014, 09:17:39 PM
Damn it we're back to red on macd
June 24, 2014, 09:04:16 PM
so do you guys think the auction will drag down the price before the next rally?
if it does is it a good time to buy?
Also, notice how the whales managed to 'unlight' the green candle on the 1W MACD on Stamp. Nope, no manipulation going on here. Not a bit.
June 24, 2014, 09:04:05 PM
i see a wall
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