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

[akujin]

Bulls spent around 4days to pump it up... and it only took less than a day to go back down at the same level 

[1715317326]

1715317326

[latoxine]

https://i.imgur.com/OgJ2sf1.jpg


Non?

Si.

Ooh!

si je m'attendais a voir ça ici !    c'est doublement d'actu !

[kodtycoon]

Why the dump?

[latoxine]

Maybe because it's monday since one hour no ?

[chromosoma]

ANd what happens on monday?=)

[latoxine]

Apparently bitcoin price falling down !  ( nobody will tell me I'm wrong right now )

Without joke, aren't chinese specific day time affecting the market usually ? 

[conspirosphere.tk]

I wish I could have a diversified portfolio of religions to make absolutely sure I wasn't going to hell.

religion does not matter: all of us will be respawned again and again in this hell to combat ever crazier monsters created by us forever.
life is an insane FPS videogame.

[ChartBuddy]

Explanation

[windjc]

Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?

[windjc]

Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.

[latoxine]

Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.

wasn't it suppose to have be done before may the 10th ?

[PoolMinor]

I thought we were headed to the moon, not the basement. I knew 2 days ago it was more hype before the tanking, good thing I finally learned something real from this thread.   

[oda.krell]

Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?

hehehe, good call, but don't get too cheeky :)

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.

[mah87]

I thought we were headed to the moon, not the basement. I knew 2 days ago it was more hype before the tanking, good thing I finally learned something real from this thread.   

Next target is Ripple Network explosion. This is the ONLY way for bitcoin to go the next level.

[chromosoma]

is it me, or there is much more sold BTC then bought in last few days?

[windjc]

Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.

wasn't it suppose to have be done before may the 10th ?

Think about it for a second. If you held leveraged trades on Houbi and you were told you had 2 days to close them out before there were no more leveraged trades, what would you do? You would close them out. Since its a bear market, there were many more shorts - so shorts closed and it spurred a small rally.

Meanwhile if you were a HFT trader and new that you wanted to retire from the exchange and bitcoin trading now that HFT will be charged fees, would you sell your positions while the market was rallying? Hell no. You want the best price. So you let the market go up and hope it continues so you can get a better price. But once the market started selling off, you BETTER sell now and get out.

That is what we are seeing.

[Bitcoin_is_here_to_stay]

The dearth of sellers is palpable.

Ehem? Certainly does not seem this way to me

[hdbuck]

is it me, or there is much more sold BTC then bought in last few days?

yea hidden funds are loading up "cheep" shares..

[gizmoh]

Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?

Chessnut should say: I predicted that retracement and shorted at 455 already  

[N12]