Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28614.

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Today I discovered a new contrarian indicator: my own dreams.

Just before waking up I had very lucid dreams of living with bears in my home. There were several of them and they were like Schrodingers bears - not quite there or not there until we looked - just like ask walls nowadays. The timing of this dream coincided very precisely with the start of the current rally...

damn you Bitcointalk! There's so much bearish sentiment that I'm dreaming about bears all night Shocked

Todorius

full member

Activity: 196

Merit: 100

Trend reversal always happens when despair is the greatest. Maybe the overall pessimism here is a good indicator for that.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.

Technical indicators cannot tell you when it will happen. They can only give you small hints.

silverston

hero member

Activity: 952

Merit: 502

SAPG Pre-Sale Live on Uniswap!

Quote from: spooderman on April 01, 2014, 03:13:06 AM

lol btc-e loading upside down? really?

That was admin`s 1 april joke Grin

maximum

newbie

Activity: 44

Merit: 0

Quote from: maximum on April 01, 2014, 02:48:49 AM

bids keep adding up, i think we will touch 500 this week.

my prediction got true 10 minutes later. im epic

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Davyd05 on April 01, 2014, 01:44:40 AM

Quote from: spooderman on April 01, 2014, 01:42:41 AM

bit of chooing suddenly

a day to absorb the news.

my guess is we punch close to 500 if panic buying occurs...perhaps all the Fiat has finally be credited over at stamp

queue smug self quotes for insta ingnores....

510 already wow.. hmm lets see if this goes all trappy on us or we break free of bearish fear.

dreamspark

hero member

Activity: 798

Merit: 1000

Through $500 without a spot of resistance.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: PoolMinor on March 31, 2014, 04:44:22 PM

Quote from: fonzie on March 31, 2014, 04:39:04 PM

<12h left to sell below 500$

FTFY

I guess it was only 11 hours. Cool

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Just spiked to $509.48 on Bitfinex!

spooderman

legendary

Activity: 1680

Merit: 1045

Not trying to be a btc-e style troll, but this very well could be the last we see of the 400s

dreamspark

hero member

Activity: 798

Merit: 1000

To think that no fresh fiat is heading to exchanges is absurd...

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: windjc on April 01, 2014, 03:09:50 AM

Quote from: chessnut on April 01, 2014, 03:05:29 AM

Quote from: magicmexican on April 01, 2014, 02:59:26 AM

Not convinced yet, but waking up and seeing price somewhat higher is nice

yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.

That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.

There's 2 ways that the market goes up. One, fresh fiat. Two, day traders covering short or margining long.

The latter one cannot sustain a rally. The money flow indicators have been drying up for months. How long can this rally go without fresh money coming back in? $550? $530?

If/when this rally dies, what happens then? Do we get a chance at a high volume capitulation?

This weekend was the first time I started to sense real fear and anger on here. Since this is my first bubble, I can only go by my best guesses on this, but it seemed like the start of fear and anger, not the height of it.

Maybe I'm wrong.

when the short squeeze dies, the case remains, there is no more selling pressure left. we enter consolidation, and watch the fresh fiat pour in. and it always has been, all along.

well it was just the other day when investors representing 250 billion capital met with that bitcoin rep guy... fresh capital is never far away.

Hen0xyd

member

Activity: 87

Merit: 10

Did I just saw a 1million $ buy order on ~~stamp~~ bitfinex around 480 ?

spooderman

legendary

Activity: 1680

Merit: 1045

lol btc-e loading upside down? really?

Davyd05

hero member

Activity: 574

Merit: 500

China weighs over day traders heads, as it requires them to be on point with stupid foreign social media commentary.. but this was exacerbated by goxxin leaving people free to panic on rumors at will.

bangersdad

full member

Activity: 227

Merit: 100

i do not believe capitulation has happened. the volume was far too low. China is playing us like a fiddle. Now is definately not the time to buy - maybe this year will not be the year to buy...still far too many people that think we are going to the moon and how easy it will be to get rich with bitcoin....too many lessons must be learned before we can move on.

edit - im with you Windjc - just got that feeling as well.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: chessnut on April 01, 2014, 03:05:29 AM

Quote from: magicmexican on April 01, 2014, 02:59:26 AM

Not convinced yet, but waking up and seeing price somewhat higher is nice

yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.

That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.

There's 2 ways that the market goes up. One, fresh fiat. Two, day traders covering short or margining long.

The latter one cannot sustain a rally. The money flow indicators have been drying up for months. How long can this rally go without fresh money coming back in? $550? $530?

If/when this rally dies, what happens then? Do we get a chance at a high volume capitulation?

This weekend was the first time I started to sense real fear and anger on here. Since this is my first bubble, I can only go by my best guesses on this, but it seemed like the start of fear and anger, not the height of it.

Maybe I'm wrong.

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: magicmexican on April 01, 2014, 02:59:26 AM

Not convinced yet, but waking up and seeing price somewhat higher is nice

yesterday a huge spike down over legit news in China. over in a flash, and a genuine rally follows.

That is textbook anti sentiment reversal. panic selling has pushed the price into over sold territory, and it is exhausted. Ive been waiting for this, took long last night from 453.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: lebing on April 01, 2014, 03:01:19 AM

Quote from: windjc on April 01, 2014, 02:57:21 AM

Quote from: dreamspark on April 01, 2014, 02:45:33 AM

People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

not out of the woods yet, but so far so good. Seems like everyone was just sitting there waiting for it to hit 400... That doesnt seem to be happening, so panic buying should commence fairly soon.

So its that easy, huh? That's how capitulation in 2014 happens? On low volume and without a retest of the lows? Hmmmm.

TERA

hero member

Activity: 728

Merit: 500

My projection:

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: windjc on April 01, 2014, 02:57:21 AM

Quote from: dreamspark on April 01, 2014, 02:45:33 AM

People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

I think that $436 was the low for now, sure we may go back there in the coming weeks but that is a stressful position I would not like to be in! So long term yes there maybe another chance at $440 but Im a day trader so going long at $440 with leverage is the right position, no ? Rather than sitting on a short from $450.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28614. (Read 26713256 times)