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

[SnokkomBTC]

http://armstrongeconomics.com/archives/33539

Silver is headed below $12 and gold below $1050.

Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.

We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits 

It will be a blood bath. 

You've been warned. And I have not been wrong since I started following Armstrong some years ago.

lol, DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM


I will burn for life with PM and bitcoin

Either way, thanks for your advice 

[Fatman3001]

http://armstrongeconomics.com/archives/33539

Silver is headed below $12 and gold below $1050.

Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.

We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits 

It will be a blood bath. 

You've been warned. And I have not been wrong since I started following Armstrong some years ago.

Us bulls are following Armstrong as well. Neil, that is.

[SmoothCurves]

http://armstrongeconomics.com/archives/33539

Silver is headed below $12 and gold below $1050.

Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.

We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits 

It will be a blood bath. 

You've been warned. And I have not been wrong since I started following Armstrong some years ago.

TBH i'm Ok with that. Let's bring on the double digit prices.

[Fakhoury]

Guys, I think TPTB_need_war's account got hacked.

By looking to his latest posts, he never shared his post like 5 times among the speculation sub-forum threads and he never were doomish like this.

[Dilla]

http://armstrongeconomics.com/archives/33539

Silver is headed below $12 and gold below $1050.

Most likely bottoming below $9 and $850. The lowest possible for gold in the $600s.

We have a bounce here in BTC and PMs, then headed for lower lows, which means < $150 for BTC and probably double-digits 

It will be a blood bath. 

You've been warned. And I have not been wrong since I started following Armstrong some years ago.

Where are we bouncin' to before the plunge of death?

[xyzzy099]

Guys, I think TPTB_need_war's account got hacked.

By looking to his latest posts, he never shared his post like 5 times among the speculation sub-forum threads and he never were doomish like this.

He must've been hacked by Anonymint then.  He's the only one that mentions Armstrong Economics in every post.

[medialab101]

509 coins just dumped on the great wall of Finex and it hasn't shifted. Looks real at least.

[Fakhoury]

Guys, I think TPTB_need_war's account got hacked.

By looking to his latest posts, he never shared his post like 5 times among the speculation sub-forum threads and he never were doomish like this.

He must've been hacked by Anonymint then.  He's the only one that mentions Armstrong Economics in every post.

I'm nearly sure that he is hacked, but who, I'm not sure.

Whatever, hope he will recover his account soon.

[ChartBuddy]

Coin
Explanation

[Sitarow]

[spooderman]

that "wall" (that looks more like a bank than a wall) is pretty clearly just one person. Done so obviously that it doesn't seem to be an attempt at manipulation, but just a genuine attempt to buy coins.

[hdbuck]

10 Minutes Later

[ejinte]

Whale shark is buying his coins back. 

[inca]

that "wall" (that looks more like a bank than a wall) is pretty clearly just one person. Done so obviously that it doesn't seem to be an attempt at manipulation, but just a genuine attempt to buy coins.

Also no one selling

[Ayle56]

that "wall" (that looks more like a bank than a wall) is pretty clearly just one person. Done so obviously that it doesn't seem to be an attempt at manipulation, but just a genuine attempt to buy coins.

It looks identical to this one from yesterday.

Whoosh!

Lol, party's over, whale flipped the manip switch.

If yesterday's wall was just a genuine attempt to buy coins how come it was abruptly taken down and replaced with an ask wall? It seems a blatant attempt at manipulation as far as I'm concerned.

[LFC_Bitcoin]

that "wall" (that looks more like a bank than a wall) is pretty clearly just one person. Done so obviously that it doesn't seem to be an attempt at manipulation, but just a genuine attempt to buy coins.

Also no one selling

Are we expecting fireworks or am I safe to leave for the evening?  
I don't want to miss the banter if we go up 10-20 USD I'm semi satisfied if we just stay above 250 USD for now, the bears are struggling to push us down at the moment & 250 is still cheap enough to gobble up more coins in the short-medium term.

[gijoes]

If yesterday's wall was just a genuine attempt to buy coins how come it was abruptly taken down and replaced with an ask wall? It seems a blatant attempt at manipulation as far as I'm concerned.

It's actually pretty easy - if you're accumulating and no one is selling you cheap coins, you can just scare them into dumping by flaring up a big enough ask wall.

[ChartBuddy]

Coin
Explanation

[Sitarow]

50 Minutes Later

[Ayle56]

If yesterday's wall was just a genuine attempt to buy coins how come it was abruptly taken down and replaced with an ask wall? It seems a blatant attempt at manipulation as far as I'm concerned.

It's actually pretty easy - if you're accumulating and no one is selling you cheap coins, you can just scare them into dumping by flaring up a big enough ask wall.

What if people start buying your "cheap coins" from your ask wall instead of dumping? How can you be sure that someone didn't put up the bid wall to tempt people into buying their coins, and when people stopped buying dumped straight into whatever buy order had built up?