Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32124. (Read 26611234 times)
November 10, 2013, 04:01:39 AM
November 10, 2013, 04:00:43 AM
Panic some more, please. It is so fun to watch 
What we are seeing now was not so hard to predict:
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
AND in addition to that he predicted the fibonacci retracement, which could be observed today!What we are seeing now was not so hard to predict:
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
November 10, 2013, 03:55:30 AM
Panic some more, please. It is so fun to watch
What we are seeing now was not so hard to predict:
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
What we are seeing now was not so hard to predict:
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
Fiat never cleared before friday. Probably Monday if I am lucky... otherwise the buy order sitting at 266-280 range would've been executed. Shakes Fist at slow fiat systems.
November 10, 2013, 03:42:08 AM
We've got 16 hours to turn this daily candle green. Was this just a weekend dip?
seems like it. The weekends always dip a bit. I guess the Chinese don't work much on sundays either.
November 10, 2013, 03:37:58 AM
Panic some more, please. It is so fun to watch
What we are seeing now was not so hard to predict:
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
What we are seeing now was not so hard to predict:
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
This is a serious question. Do you have a book? If so, where can I get it? I think your insight might prove to be eerily on the mark...
November 10, 2013, 03:35:03 AM
Panic some more, please. It is so fun to watch
What we are seeing now was not so hard to predict:
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
What we are seeing now was not so hard to predict:
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
November 10, 2013, 03:13:50 AM
Gox now over $42 ahead of Stamp.
This recovery is unconvincing.
This recovery is unconvincing.
THIS and only 1k coins bring us down from 342 to 316 @ gox...
...and 2k to 300$.
November 10, 2013, 03:12:36 AM
I am very skeptical of this quick recovery.
On Bitfinex, there is no loan money left, which means every margin trader is currently "in" with BTC purchases. And Bitstamp is still lagging tremendously.
Everyone looks like the are convinced that the correction is over.
Guess we will see.
On Bitfinex, there is no loan money left, which means every margin trader is currently "in" with BTC purchases. And Bitstamp is still lagging tremendously.
Everyone looks like the are convinced that the correction is over.
Guess we will see.
While that may be true, how large of a portion do the short-traders make-up of the general btc investing public? Then we can gauge the effect it might have on the bid/ask balance.
November 10, 2013, 03:02:39 AM
Gox now over $42 ahead of Stamp.
This recovery is unconvincing.
This recovery is unconvincing.
THIS and only 1k coins bring us down from 342 to 316 @ gox...
November 10, 2013, 03:01:29 AM
November 10, 2013, 02:56:24 AM
Gox now over $42 ahead of Stamp.
This recovery is unconvincing.
This recovery is unconvincing.
November 10, 2013, 02:54:50 AM
I am very skeptical of this quick recovery.
On Bitfinex, there is no loan money left, which means every margin trader is currently "in" with BTC purchases. And Bitstamp is still lagging tremendously.
Everyone looks like the are convinced that the correction is over.
Guess we will see.
On Bitfinex, there is no loan money left, which means every margin trader is currently "in" with BTC purchases. And Bitstamp is still lagging tremendously.
Everyone looks like the are convinced that the correction is over.
Guess we will see.
November 10, 2013, 02:53:50 AM
We are now where we were approximately 32 hours ago. Crazy.
November 10, 2013, 02:53:19 AM
We've got 16 hours to turn this daily candle green. Was this just a weekend dip?
November 10, 2013, 02:36:18 AM
what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.
do you think it will crush further ?
do you think it will crush further ?
classic bear trap, everyone here feel for it.
no this is pretty much bottom, try and catch the last few panic sellers.
FWIW I thought we hit 250 before any stabilization
November 10, 2013, 02:32:17 AM
All this crash talk. This was not a crash. You will shit in your pants when we will really crash.
I don't wear pants, God bless Scotland.
November 10, 2013, 02:25:32 AM
All this crash talk. This was not a crash. You will shit in your pants when we will really crash.
November 10, 2013, 02:11:43 AM
I agree. The bidwall (edit: not askwall, bidwall) on bitstamp is slowly moving down. I buy back in small increments so I won't lose out on an upturn. The ongoing crashing isn't that convincing for buying.
November 10, 2013, 02:04:25 AM
Bitstamp is still crashing, it is sunday so it is still early for Europeans to wake up, we are a bit lazy and we like to sleep longer on Sundays, I just got lucky because I am in duty and they called me and woke me up, I might just catch a sweet spot
November 10, 2013, 02:02:18 AM
what happened, I just woke up to see this price !!! and the low was 290$, how long did it last ? I have an alert on my phone but it rang only once I couldnt hear it.... I am so angry that I missed the bottom.
do you think it will crush further ?
do you think it will crush further ?
classic bear trap, everyone here feel for it.
no this is pretty much bottom, try and catch the last few panic sellers.
We keep making lower lows. Plus, no fresh money is going to hit any exchanges for at least 24 hours.
This is short term bearish.
There are 3 ways this could go.
We could keep making lower lows for the next day or so.
We could see a bull trap rise before we capitulate this down swing.
Or we could recover.
But right now there is only a 33% of a recovery short term. I'm calling bearish for the next week or two.
However, this "BUBBLE" wasn't nearly the magnitude of April. And it won't crash with the same force of April. That is a good thing and long term bullish.
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