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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31223. (Read 26623520 times)

full member
Activity: 140
Merit: 100
The question as far as I'm concerned is whether this is real or some type of dead cat bounce.  I mean to get over $1000, close to $1100 would mean something to me.  If it stalls out soon though I'd be worried it's headed for another drop.  We'll see I guess.  Anyone familiar with characteristics of dead cat bounce?

It has the characteristic of an dead cat bounce.

http://thepatternsite.com/dcb.html

But nobody knows.

Uncertainty.
full member
Activity: 182
Merit: 100
1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf
Anyone familiar with characteristics of dead cat bounce?

I think those apply to major crashes. This was more like a big correction, not really a crash. I mean nobody was thinking price would go to zero or something close to that (excluding Walsoraj of course with his single digit predictions). Most of those who sold during last weekend were simply trying to buy more bitcoins with a cheaper price.
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
The question as far as I'm concerned is whether this is real or some type of dead cat bounce.  I mean to get over $1000, close to $1100 would mean something to me.  If it stalls out soon though I'd be worried it's headed for another drop.  We'll see I guess.  Anyone familiar with characteristics of dead cat bounce?
Grin
I think the specialist in this area would be a real dead cat that bounces , or at least bounced while being dead

hero member
Activity: 841
Merit: 1000
Stoch RSI says oversold on the daily, FYI.
hero member
Activity: 546
Merit: 500
Carpe Diem
The question as far as I'm concerned is whether this is real or some type of dead cat bounce.  I mean to get over $1000, close to $1100 would mean something to me.  If it stalls out soon though I'd be worried it's headed for another drop.  We'll see I guess.  Anyone familiar with characteristics of dead cat bounce?
hero member
Activity: 812
Merit: 587
Space Lord
At $1000 in 12 hours  Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 168
Merit: 100
except for me as a computer enthusiast and I was interested in the fact the silk roads was able to exist. I mean price had nothing to do with why I initially found Bitcoin just saying. I'm also quite sure many many many people bought some for tons of reason other than speculation and they ending up winning just out of pure luck.

+1 this.   I was in way before price started doing the monkey dance.   Way too fascinating what Bitcoin can do.
hero member
Activity: 574
Merit: 500

it broke on a butt load of volume

I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS




like what?

big holders pumping the price after that trend reversal?

good luck with that!

you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.


I dont buy nor sell on any news.

like somebody already said> news follow price.

uh.. I think Price followed news but whatever

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!

its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc

As far as I understood it, dow theory states that by the time news is common knowledge the price has already been effected.  But this was back when communication was slow.  Today you may well stumble upon news before it's mainstream and watch for the early signs the price is changing.  Where as 100 years ago the price went low then later you heard why it happened.

Like when I heard about silk road.  I read a post on this forum and went to btc-e and the price had only just started to move.  The person that wrote the thread could have sold before he even wrote the thread about the silk road and dumped before any market change.  I was one of the first to see the post and sold all my LTC just in time, before reburying later.  

I agree, I will admit that the problem we face today is fact checking and finding multiple points of data that correlate to the points being made in an article. Lots of blogs, and even mainstream news that just get it so wrong.
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺

it broke on a butt load of volume

I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS




like what?

big holders pumping the price after that trend reversal?

good luck with that!

you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.


I dont buy nor sell on any news.

like somebody already said> news follow price.

uh.. I think Price followed news but whatever

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!

its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc

As far as I understood it, dow theory states that by the time news is common knowledge the price has already been effected.  But this was back when communication was slow.  Today you may well stumble upon news before it's mainstream and watch for the early signs the price is changing.  Where as 100 years ago the price went low then later you heard why it happened.

Like when I heard about silk road.  I read a post on this forum and went to btc-e and the price had only just started to move.  The person that wrote the thread could have sold before he even wrote the thread about the silk road and dumped before any market change.  I was one of the first to see the post and sold all my LTC just in time, before reburying later.  
hero member
Activity: 574
Merit: 500
except for me as a computer enthusiast and I was interested in the fact the silk roads was able to exist. I mean price had nothing to do with why I initially found Bitcoin just saying. I'm also quite sure many many many people bought some for tons of reason other than speculation and they ending up winning just out of pure luck.
legendary
Activity: 1232
Merit: 1011

it broke on a butt load of volume

I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS




like what?

big holders pumping the price after that trend reversal?

good luck with that!

you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.


I dont buy nor sell on any news.

like somebody already said> news follow price.

uh.. I think Price followed news but whatever

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!



technology is super fast.

people lag.

+

everything follows price. if it wasnt for price - nobody would have heard about bitcoin.
hero member
Activity: 574
Merit: 500
lol nice picture, as I've never seen a bull trap ( not meaning in the market ) I would assume you may have caught a bear with that
sr. member
Activity: 280
Merit: 250
hero member
Activity: 574
Merit: 500

it broke on a butt load of volume

I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS




like what?

big holders pumping the price after that trend reversal?

good luck with that!

you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.


I dont buy nor sell on any news.

like somebody already said> news follow price.

uh.. I think Price followed news but whatever

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!

its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc
hero member
Activity: 574
Merit: 500
yes.. it broke Friday cool story 3 days late.

It's just reminder for those who haven't sold yet  Wink




selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
to me!
 Cheesy
no ..you'll just swap em for fiat and buy WINE LOL.. but now I see the full red candles as you drinking wine.. and green ones when your out to buy more Cheesy .. I am still joking though ..

LOL!

it hurts when i lol  Undecided

Did you not drink the water prescribed...heal up I need you in top shape to buy bear coins  Wink
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺

it broke on a butt load of volume

I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS




like what?

big holders pumping the price after that trend reversal?

good luck with that!

you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down.


I dont buy nor sell on any news.

like somebody already said> news follow price.

uh.. I think Price followed news but whatever

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!
hero member
Activity: 574
Merit: 500
like somebody already said> news follow price, not the other way around.

totally agreed

so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday.

The downtrend was there. The news caused a bigger crash.

That logic means.. the price followed news.. I know it was trending down.. but that doesn't mean it just goes and corrects anyway .. the news and speculators pushed it down. I am not saying news pushes prices always.. but in panic sells I would say its a large part of the momentum.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
yes.. it broke Friday cool story 3 days late.

It's just reminder for those who haven't sold yet  Wink




selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!!
to me!
 Cheesy
no ..you'll just swap em for fiat and buy WINE LOL.. but now I see the full red candles as you drinking wine.. and green ones when your out to buy more Cheesy .. I am still joking though ..

LOL!

it hurts when i lol  Undecided
legendary
Activity: 1050
Merit: 1000
like somebody already said> news follow price, not the other way around.

totally agreed

so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday.

The downtrend was there. The news caused a bigger crash.
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