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

[ChartBuddy]

Coin
Explanation

[spooderman]

Yea I think 230's will not survive, possibly by tomorrow.

Might get another test of $230 but sellers are not making much of an impact.

Volume is surprisingly low, which means we may be entering the Wyckoff accumulation trading range stage C, where the stock goes through testing by the composite operator. Volume trails off as most floating supply is now in strong hands, and there are a series of tests to see how low of a price in which the CO can accumulate any remaining scraps. This ends with either rising bottoms, or a washout to the floor of the range which will immediately reverse into a strong rally if volume is not high. Obviously you don't want to be caught on the wrong side of this so best to wait it out and don't panic if it happens.

There is a saying... "if you can't shake them out, tire them out." This is the stage we are in. Hold tight, because stage D and E are the markup phases if there's no new supply and everyone refrains from panicking into the CO's open bags. Next few weeks/months should be interesting.

So you're saying...

the next few weeks/months r critical?

[Morecoin Freeman]

Absolutely critical yes.

[Cconvert2G36]

Is finex going to go a half hour between trades?

This composite operator sure is good at hiding.

Edit: data api must be down.

[ChartBuddy]

Coin
Explanation

[bassclef]

Yea I think 230's will not survive, possibly by tomorrow.

Might get another test of $230 but sellers are not making much of an impact.

Volume is surprisingly low, which means we may be entering the Wyckoff accumulation trading range stage C, where the stock goes through testing by the composite operator. Volume trails off as most floating supply is now in strong hands, and there are a series of tests to see how low of a price in which the CO can accumulate any remaining scraps. This ends with either rising bottoms, or a washout to the floor of the range which will immediately reverse into a strong rally if volume is not high. Obviously you don't want to be caught on the wrong side of this so best to wait it out and don't panic if it happens.

There is a saying... "if you can't shake them out, tire them out." This is the stage we are in. Hold tight, because stage D and E are the markup phases if there's no new supply and everyone refrains from panicking into the CO's open bags. Next few weeks/months should be interesting.

So you're saying...

the next few weeks/months r critical?

Absofruitly

[Mrpumperitis]

http://www.americanbanker.com/news/bank-technology/nasdaq-signals-confidence-in-bitcoin-not-just-the-blockchain-1074405-1.html

lol, gd read, things are looking gd for btc.

[seleme]

Such indecision.

I was very bullish few days ago but few days of chop and price dropping slowly kinda killed that very part. Still think support is strong enough and hope we'll bounce up from 220s.

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

Composite Operator:

[bad trader]

Composite Operator:

She is hiding behind a puppet? Is that NLC? Everything suddenly makes sense. Even the granpa slash fiction NLC writes...

[Cconvert2G36]

Composite Operator:

She is hiding behind a puppet? Is that NLC? Everything suddenly makes sense. Even the granpa slash fiction NLC writes...

But then who's the squirrel?

[bad trader]

Composite Operator:

She is hiding behind a puppet? Is that NLC? Everything suddenly makes sense. Even the granpa slash fiction NLC writes...

But then who's the squirrel?

It's someone buying bags of course.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Norway]

Watch this video. No new important tech details. It's all about the mood/way of expression. It's important!

http://www.cnbc.com/id/102692148

[ChartBuddy]

Coin
Explanation

[Asrael999]

For bitcoin levels of Volatility outside of bitcoin space - check out the stock price performance of Hanergy Thin Film Power Group Limited - a HK based solar panel maker - the stock is down 47% today. The company's market cap has been reduced by $18.6 billion USD.
Now you know why the chinese granny's have been avoiding bitcoin - they have had other things to lose their shirts on.

[ChartBuddy]

Coin
Explanation

[bitebits]

Watch this video. No new important tech details. It's all about the mood/way of expression. It's important!

http://www.cnbc.com/id/102692148

They are still baffled, no clue what it is because Bitcoin can't be easily compared to one single thing in the current financial world.

But the interesting thing is that the talking heads know they can't laugh about or dismiss it anymore, at this stage that makes them look stupid. They only mentioned shadowy and anonymous at the end, some last convulsions..