Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31230. (Read 26619982 times)

You sound like a psychic giving a cold reading.

See graph on previous page.

Where is the neck?

TA foresaw this crash. It was a clear double top. And until we break through the neck, TA will tell us that this recovery is a bull-trap.

We've settled for a semi choo choo, im taking some profits until the trend becomes clearer.An epic bull trap is still possible as this quick rally has been made on low volume. Id be interested to see what happens if a wall of 5k -10k btc is put at 1000..

The price on Gox was specifically attacked over Sunday by a bear or bears to try and hoover up cheap coins before this week's trading.

It was aimed at thin volume markets and weak hands.

I am guessing the trade did not work - at least not entirely, judging by what loaded said - it seems some stashes were big enough to defeat the main aim of the bearish whale.

The fundamentals are sound (better then ever in terms of sentiment and 'adoption') so the news in China seemed a good moment to hit a weak market.   The fact that the news was not really bad, but made China a little nervy was good timing in some respects - but I think the line held and Bitcoin has proved more resilient than expected.

Huge volumes did not smash BTC down to sub 500 as 'may' have been expected - we could all see the big sales and then walls popping up - but the ability to buy low was not really enough as major buying back was not possible without buying back the whales own wall - I don't think the profit was really there.

There has been manipulation to keep all exchanges (except China) to remarkably close prices too - but all of this appears to have failed and a shift to a market price of 800+ plus seems to have won over.

For me this was a giant fail - and it had to work before Monday morning European time to succeed.

I suspect the whale has Gox bux now as focus was on Gox.    

Bitcoin won the day - it will not be the last battle, but it was a significant one and may have taught some bears a lesson.

I actually think if rpietila takes the 10BTC bet - he will lose it.  

'That which does not kill me, makes me strong'

To choo or not to choo...that is the question!

Normal, since your nickname is ShakyhandsBTCer ...

getting nervous holding right now....

Oof! fighting talk.

Like you've been doing?  
I notice BrM2 actions too, selling into bids and and putting walls at 700, trying to push the market down, he failed. So if he played a big part in the panic bought back to 980 then I don't see this rally continuing and the market will stabilize back around 850 soon..but I'd rather think he is still holding goxbux..

I am game. 10 BTC that we don't touch your exponential trendline in December?

The one that projects $428, not one that incorporates data up to Dec. 9.

Probably. And this camel will spit cheap coins soon.

more TA and less shit talking about TA, at least it brings something to the table

Pfff. This is clearly a camel-pattern in formation. You can see the 2 lumps already and the current rise is forming the neck and head.

TA is BS

Testing the double top's neckline

Me too!