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

[podyx]

Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh

[1714589625]

1714589625

[1714589625]

1714589625

[ChartBuddy]

Explanation

[Newbie1022]

Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh

I was thinking we'd touch up close to 400... honestly there is no telling with the way this s--- is acting, though. I do think it is safe to say that the price will be lower than it is at this very moment within the next hour (and it is already $5 lower than when I first posted a suggestion to take profits in an early post about ten minutes ago). So, yea. But you may very well be right -- totally reasonable assertion.

[Sandia]

Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

More likely, it is money shifting from alts to btc in expectation of a rally.

[Newbie1022]

Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh

I was thinking we'd touch up close to 400... honestly there is no telling with the way this s--- is acting, though. I do think it is safe to say that the price will be lower than it is at this very moment within the next hour (and it is already $5 lower than when I first posted a suggestion to take profits in an early post about ten minutes ago). So, yea. But you may very well be right -- totally reasonable assertion.

Also, watch the battle at 2550 in China. I think it breaks. If it doesn't, I'm wrong and it is better to know that sooner than later.

[Hunyadi]

Shorters are panicking! 

[Feri22]

grrr F'ing dump tards, stopping our rally, grrrr

who am i? 

Classic ShroomKit? 

[adamstgBit]

Shorters are panicking! 

looking at the swaps looks like some shorts are covering while others are taking positions, overall shorts appear to be going up.

[empowering]

!!!!!!!!!!!!!!!!

[Sandia]

Small 193 coin wall appears, the small guys all dump, wall disappears.  Still no confidence in the market.

I am saying bull trap until the guys who dumped us down 400 USD start buying.  If I start seeing 1-2k coin buys, I will believe.  This is organic buying, but organic buying doesn't control the market.

[adamstgBit]

the selling is definitely organic, tho.

[edwardspitz]

Small 193 coin wall appears, the small guys all dump, wall disappears.  Still no confidence in the market.

I am saying bull trap until the guys who dumped us down 400 USD start buying.  If I start seeing 1-2k coin buys, I will believe.  This is organic buying, but organic buying doesn't control the market.

We had a new higher low at $618. Then traders decided it was time to dump taking out much support. If we bounce after this it will be kind of funny imo.

[ask]

Where are all bears today?  Yesterday was completely different...

[podyx]

the selling is definitely organic, tho.

What do you mean by organic??

[empowering]

the selling is definitely organic, tho.

What do you mean by organic??

Covered in shit 

[ChartBuddy]

Explanation

[empowering]

poke.... poke..

did I break the internets? 

[kurb3l]

At least the price went up a bit today, nice opportunity to make some profit while finding the bottom
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...

[derpinheimer]

My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.

[Hunyadi]

My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.

I don't see it. Maybe I'm TA-blind.