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

[Dump3er]

Bears have been wrong for six months.

Yeah, I know:

Short squeeze is coming.
(3. Inca 31,14 - 15)

...one day.

[Fatman3001]

Bullish!

You are aware of that we saw all those and a lot more gifs since ~1250. And you surely also know that the Bears always formed a small minority amidst all those shouting bulls.

All this and a lot more didn't prevent the price from crashing and further crashing. So keep on shooting around with
Gifs and keep on claiming how wrong all the bears are. It won’t help you  

This one's for you

Cute :-)

Is that you and me?  

No, that's you and tarmi, you cheating bitch!

[Dump3er]

Bullish!

You are aware of that we saw all those and a lot more gifs since ~1250. And you surely also know that the Bears always formed a small minority amidst all those shouting bulls.

All this and a lot more didn't prevent the price from crashing and further crashing. So keep on shooting around with
Gifs and keep on claiming how wrong all the bears are. It won’t help you  

This one's for you

Cute :-)

Is that you and me?  

No, that's you and tarmi, you cheating bitch!

#MLPFriendshipday #Fatman3001 #Tarmi #Inca #NLC

[ChartBuddy]

Coin
Explanation

[inca]

Bears have been wrong for six months.

Yeah, I know:

Short squeeze is coming.
(3. Inca 31,14 - 15)

...one day.

Did you miss the collapse in shorts last week? Or the price rise from 220 to 259?

[ChartBuddy]

Coin
Explanation

[Fatman3001]

This volume is a fucking death sentence. I'm lubing up.

[dakota neat]

give up. sell everything.

[macsga]

News on the Grexit issue:

Varoufakis stated today in Frankfurter Allgemeine Sonntagszeitung, that "Official's Europe" urges Greece to sign for a deal and "do the right thing in order to avoid bankruptcy". "This is what my predecessors  did back in 2010! They ask me to do the same, take the money, retain the crisis to the future and pretend it's over. NO THANK YOU! We've not been elected to act the same errors."

http://www.tanea.gr/news/economy/article/5250749/baroyfakhs-th-deytera-h-epilogh-poly-fobamai-einai-ths-merkel/

So from Greece's territory it's a no-go. I guess ms Merkel has the decision in her hands. As they say:

"It ain't over till the fat lady sings"

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[pixl8tr]

So I was checking out Bitstamp, and I see this automated buying and selling of 0.03 Btc almost continuously.  What is the point of that?   Won't the trading charges offset any gains?    Or, is it some automated system managed by bitstamp to generate volume?   Any ideas?

[fishy91]

So I was checking out Bitstamp, and I see this automated buying and selling of 0.03 Btc almost continuously.  What is the point of that?   Won't the trading charges offset any gains?    Or, is it some automated system managed by bitstamp to generate volume?   Any ideas?

You might be right about that, Bitstamp has dropped below the top five exchanges for volume a few times. They might have decided to start buying and selling to themselves to ensure they stay in the top five. Bitstamp wouldn't pay any trading charges so it wouldn't cost them anything.

[Shunak]

Bulls are winning:

Question:   price in 2 weeks
>300   - 101 (45.7%)
280   - 25 (11.3%)
260   - 23 (10.4%)
240   - 18 (8.1%)
220   - 23 (10.4%)
<200   - 31 (14%)

[SkyValeey]

give up. sell everything.

I don't think it's good idea. 240-245$ looks like a good buy area with short term target 1600-1650cny (of higher if we'll break 1650cny with good volume- then we can reach 1700-1800cny).

Another scenario is fall from now with big volume to 22X-23X $ area but I hope we'll see 260$+ first.

Interesting updates by DanV ( https://www.tradingview.com/chart/BTCUSD/6S9Si6F7-BTCUSD-STILL-REMAINS-IN-OVERALL-BEARISH-CYCLE-UPDATE/ )

[blackwhale90]

Bulls are winning:

Question:   price in 2 weeks
>300   - 101 (45.7%)
280   - 25 (11.3%)
260   - 23 (10.4%)
240   - 18 (8.1%)
220   - 23 (10.4%)
<200   - 31 (14%)

lol seems like we haven't yet passed despair stage if there are so many bulls 

[Knecke]

So I was checking out Bitstamp, and I see this automated buying and selling of 0.03 Btc almost continuously.  What is the point of that?   Won't the trading charges offset any gains?    Or, is it some automated system managed by bitstamp to generate volume?   Any ideas?

You might be right about that, Bitstamp has dropped below the top five exchanges for volume a few times. They might have decided to start buying and selling to themselves to ensure they stay in the top five. Bitstamp wouldn't pay any trading charges so it wouldn't cost them anything.

its not because the volume, bitstamp itself has an arbitrage opportunity because of their fees they charge the seller and the buyer.
because of their fees they pay 0.25 % less when they buy and get 0.25% more for each bitcoin they sell.

[Fatman3001]

give up. sell everything.

I don't think it's good idea. 240-245$ looks like a good buy area with short term target 1600-1650cny (of higher if we'll break 1650cny with good volume- then we can reach 1700-1800cny).

Another scenario is fall from now with big volume to 22X-23X $ area but I hope we'll see 260$+ first.

Interesting updates by DanV ( https://www.tradingview.com/chart/BTCUSD/6S9Si6F7-BTCUSD-STILL-REMAINS-IN-OVERALL-BEARISH-CYCLE-UPDATE/ )

DanV just won't let those low hundreds go. Maybe I should send him a cowboy-hug gif.

[Suntouri]

Bulls are winning:

Question:   price in 2 weeks
>300   - 101 (45.7%)
280   - 25 (11.3%)
260   - 23 (10.4%)
240   - 18 (8.1%)
220   - 23 (10.4%)
<200   - 31 (14%)

lol seems like we haven't yet passed despair stage if there are so many bulls 

Is it your first message??
Welcome to cryptoworld 

[shmadz]

Sideways all summer, see you in September.

What makes you think that?

Boredom.