Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27569. (Read 26712708 times)
May 27, 2014, 03:56:32 AM
the weak hands are plenty in this one
May 27, 2014, 03:55:35 AM
many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move.
This much and this fast?
May 27, 2014, 03:54:59 AM
Boom! barrier broken! 
May 27, 2014, 03:54:40 AM
I would expect a decent retrace here, the longs on Bitfinex are the highest they've been since the first week in feb.
May 27, 2014, 03:50:59 AM
many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
selling != panic selling. If you bought a significant number of coins at any point other than say yesterday, taking a few k profit is not a bad move.
May 27, 2014, 03:49:31 AM
Boom!
May 27, 2014, 03:46:40 AM
I don't think we're going lower then this tbh
headed to 630 in a couple days
headed to 630 in a couple days
540 retest was question for discussion. Thoughts for/against?
We have not yet seen any Fibonacci retracements during the breakout. If there is one in the cards now, it would be about 538. So yes, I support this one. 500 should hold because that's the 2nd retracement level.
May 27, 2014, 03:45:34 AM
Woke up with a sell order having gone through on Kraken, not buying back in until I see a few green candles on the hour views to be safe.
Any reason people dumped, aside from it being a correction as we've gone up too fast?
Any reason people dumped, aside from it being a correction as we've gone up too fast?
My guess is just a correction, Im expecting some new , money on the exchanges in the next few hours so would stand to reason some bigger players trying to increse their position before it enters.
Who knows, but one of the joys of buying back low $400's and being general in a bullish market is not having to fret too much. IMO its silly to buy or sell here, just hodl
May 27, 2014, 03:44:11 AM
Required to hit a new and bigger ATH!
Why would we need to go to 540 to go higher?
May 27, 2014, 03:43:43 AM
everything is going down except Ripple, perfect time to load up on ripples
May 27, 2014, 03:42:06 AM
many of the coins that were bought in this run are probably no longer subject to panic selling, as whales withdraw for long term holding.
May 27, 2014, 03:42:01 AM
Woke up with a sell order having gone through on Kraken, not buying back in until I see a few green candles on the hour views to be safe.
Any reason people dumped, aside from it being a correction as we've gone up too fast?
Any reason people dumped, aside from it being a correction as we've gone up too fast?
May 27, 2014, 03:41:44 AM
I don't think we're going lower then this tbh
headed to 630 in a couple days
headed to 630 in a couple days
540 retest was question for discussion. Thoughts for/against?
Well, I thought we were heading a bit lower then 570 on this dump but looks like we aren't and my guess is we will consolidate here and move up later
I posted a few days ago that we were not gonna break $600 without a downside first, simply because we've been moving too fucking fast these last days(very bullish i believe though). edit:On second thought, this fast upwards movement could also be because of a longer bearmarket compared to the 2013 bearmarket
TLDR: pack your spacesuits for this summer
May 27, 2014, 03:37:29 AM
I don't think we're going lower then this tbh
headed to 630 in a couple days
headed to 630 in a couple days
540 retest was question for discussion. Thoughts for/against?
May 27, 2014, 03:35:03 AM
The bull markets make me more nervous than the bear ones even though I'm a hodler. If we carry on like we have been, it'll be ATH in about 2 weeks. That's MENTAL.
I would give us less than a 2% chance of an ATH in 2 weeks. I would gladly be wrong though. What I like about this latest surge is that it is growing incrementally, and then flattening out for a bit before going up some more. When it shoots straight up, it usually corrects right back down a decent amount.
Very true. That is a much healthier thing to witness. Though it always loses its shit eventually and jumps like 40% in a day
I remember the first time we hit edit: Anyone remember that 10k wall immediately after we passed 266 last Nov? I still wanna know why someone would do that?
Yes, it was EPIC
still don't understand why someone would do that, though. Historically once ATH has been broken, several 100% of gains followed before a correction.
May 27, 2014, 03:33:32 AM
And we have a new trend channel 
If this channel will not fail, we will hit 1000 USD again bwentween june 17 and 23.
We will see if this rapid rising exchange rate will continue, but in Bitcoin, nothing is impossible
If this channel will not fail, we will hit 1000 USD again bwentween june 17 and 23.
We will see if this rapid rising exchange rate will continue, but in Bitcoin, nothing is impossible
I don't see why not
May 27, 2014, 03:32:42 AM
And we have a new trend channel
If this channel will not fail, we will hit 1000 USD again bwentween june 17 and 23.
We will see if this rapid rising exchange rate will continue, but in Bitcoin, nothing is impossible
If this channel will not fail, we will hit 1000 USD again bwentween june 17 and 23.
We will see if this rapid rising exchange rate will continue, but in Bitcoin, nothing is impossible
This channel is growing too fast. I guess it will be broken today.
May 27, 2014, 03:31:35 AM
Going up. Conventional TA I think.
May 27, 2014, 03:30:57 AM
Required to hit a new and bigger ATH!
Why would we need to go to 540 to go higher?
May 27, 2014, 03:27:40 AM
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