Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32649. (Read 26470215 times)

gogoogo

For the record, I talked about this head and shoulders before Lucif.  

(And now the bigger one too.) 

frozenlock you consistent bastard you 

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

1. Then it was obvious TA shouldn't have been given as heavy of a consideration as many gave it.
2. try cypherdoc instead his perspective which is different than waveaddicts might be what we all need here (long term vision!!!). I swear the average forum user here has the attention span of a gnat

First, as I ended my post with, I love BTC. But, fundamentals? We don't really have any yet. We are like an internet company pre-internet or just at the start. BTC at this point is speculation, with some light coming through. Things may really take off, and that is what we are betting on, but fundamentals now? We are just scraping the surface. Get back to me when you can figure out our PE ratio. Seriously.

Your argument is based on emotion, and nothing wrong with that except emotion is not concerned with truth, it is concerned with just being right and that comes through in your post.

To say things like "trend" is just simplifying the argument.

And again, many of us here, us long term bulls, are still above our exit point (if we exited). That may not hold true, but you can't exactly argue with the calls made thus far.
The problem, as stated before, with TA and BTC is that it is a small market and easily affected/manipulated by a few cats with lots of money.

A learning lesson for all of us, is to be careful how much we let the posts here affect us all. We (including me) have no one to blame but ourselves. Don't direct emotional upset outwards, it all comes back to you.
I even have a paid service and a part of the reason I didn't get back in at 68 was because of them "yelling" 50 is close. I just won't renew... You can "do" the same...

they'll dump it if they know they can recover that 50+k later. that's the only way they'll do it.

qft

Forums will not make you accept the right decision. They are usefull if you are manipulator or can 100% think out of your thoughts not influenced by others, which no weak hand can. So, with forums you will only be even more confused and you will do unrational decisions without plan.

The 50k coins bought by whales have to be unloaded somewhere and its going to be dumped as its not in the order books currently..

The trend seems to be that everyone wants bitcoins at whatever the (moral) cost, whether that be creating "collective investment vehicles" or deluding fellow market participants to sell at artificially low prices.

they are counting on that me thinks.

Time to buy now? I am back to the forums because I am schocked that I missed to buy btc early enough ?

Maybe some new whales enter the market? News were good, in the last weeks we had some financial institutions announcing to deal with bitcoin, maybe some other have undisclosed plans. And to play with the game they need a reserve.

Or, another speculation: Some miner-collective decided to hold instead of selling. Or some early adopters now have enough Dollar for the rest of the year and don't need to dump.

The price had crashed significantly (>40%) without any fundamental shift.

THEN the whole forum starts shouting about how we are going lower and "we have not seen capitulation yet".

They even started posting charts of where we "should be", where we "must go", and where they would buy in.

OK, the trend may be your friend.... but really?

I think we are all influenced to an extent by what others say. The main influence though, was the charts.
I didn't think the bounce, if I can even call it that now, would be so strong. I'm still above where I sold at
but barely so. And to think I called the last 4 big bounces, though the one at 68 hurts the most.

Now we sit at a very critical level, moreso than 90 and things are looking a bit bullish. We break through
this 100 level and anything is possible (but I'd still say we are in a mid term downtrend.)

Long term bull like most of the guys here. Go BTC (just not yet please)  

yes, there was 1 million Chinese poor child's who bought their lucky bitcoin all at once for their pocket money

Exactly And even if it was the case, they'll quickly make their way back to the exchanges when the trend reverses.

Should've bought then

Most of the time I am neutral because I don't delude myself into thinking I can predict this market. I go short term bull or bear maybe once a month, but I am long bull.