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

[Fatman3001]

nice to see bitcoin hit 250$ again
my opinion can hit 300$

are you ready to moon ?

Sure

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[coinableS]

breakout @ 255 $
Here we gooo

$255 where are you looking? I don't see any exchange that went over $252. Sunday is usually boring but we'll see what happens sometimes there can be some fun action on the weekend..

[ChartBuddy]

Coin
Explanation

[Fatman3001]

That was one helluva dump, doing squat.

[poncho32]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump on finex, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

[Ezmoneyezlife]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

Dude, greece hasn't quit EU yet and every sane man do realize that after the week of banking "holidays", no pensions, no salary payments and softening of creditor's terms majority of greeks will vote for accepting of creditors proposals so the drama will be over for another 5 months. So this pump is just a joke, probably market makers will allow it to reach even 265$ just to have more profitable shorts, because they do know that another auction is coming soon.

[Tzupy]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump on finex, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

Oops, I accidentally maxed my short!

Just kidding, I only took a small short position, will probably max it in a couple of days, after I'll see a bearish formation.

[Fatman3001]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

Probably just testing the waters. Look out for nearly identical follow-ups though. If they can't push it down enough they might turn around to burn some shorts (bear trap).

[empowering]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

Dude, greece hasn't quit EU yet and every sane man do realize that after the week of banking "holidays", no pensions, no salary payments and softening of creditor's terms majority of greeks will vote for accepting of creditors proposals so the drama will be over for another 5 months. So this pump is just a joke, probably market makers will allow it to reach even 265$ just to have more profitable shorts, because they do know that another auction is coming soon.

Yeah, auctions have proven to be such non events.... who cares

[cyclotronmajesty]

http://www.telegraph.co.uk/finance/11704054/Greece-crisis-live-ECB-caps-funding-at-current-levels-will-banks-open-on-Monday.html

"Shortly before midnight on Friday night, Alexis Tsipras, the Greek prime minister, announced that he was going to hold a referendum giving the Greek people a say over the terms of a bailout deal proposed by the EU and IMF.
Eurozone leaders reacted with fury. They have vowed not to extent the country's bail-out deal after Tuesday, putting Greece on course of a debt default and disorderly exit from the euro."

Man the Eurozone sounds like a bunch of fascists, I'd say fuck em.

Pray to God, he will provide. Never sign a deal with the devil.

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Good morning Bitcoinland.

Still scrapping around $250 I see. Feeble attempt at a dump.

Hanging on to yesterday's modest gains but continuing basically sideways.

Definitely need coffee. Yawn.

[traderbit]

The most probable thing is that btc price remain in the 250ish range unless some big event  , I dont see no reason for the price to go down. I see 300ish soon

[Fatman3001]

Good morning Bitcoinland.

Still scrapping around $250 I see. Feeble attempt at a dump.

Hanging on to yesterday's modest gains but continuing basically sideways.

Definitely need coffee. Yawn.

[poncho32]

The most probable thing is that btc price remain in the 250ish range unless some big event  , I dont see no reason for the price to go down. I see 300ish soon

I see someone repeatedly dumping 500 Bitcoins then buying them back in a cycle that takes us above, then below 250. What percentage of trades are real, and what percentage are fake? I think it's about 5% real, and 95% fake. Are the exchanges the ones doing the faking?

[bassclef]

That was one helluva dump, doing squat.

I couldn't believe that. We had one crappy little pump on finex, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what?

Best to zoom out and not sweat the little movements on the 15m chart or you're likely to get shaken out. The 1.5k dump was probably just a single trader locking in profits and was too lazy to use limit orders.

Just saw a 1000 coin market buy into a big hidden wall at Finex. Either it's a whale shuffling cards in his accounts or it's a trader taking advantage of the "corrective wave bot" that appears after every big move with huge hidden walls to push the market in the opposite direction to take a more profitable position.

[cyclotronmajesty]

I think Greece can get the Eurozone to crawl between their legs. They have the political power to change everything.
Greece exiting the Eurozone would change the course of history, it would start a cascade reaction of secessions across the world, from nations to states to locale and individual. It would serve as an example. It's like that quote from Antz (something like): "if one gets it they all start getting it, and there goes our way of life, It's about keeping those ants in line".

It would start a second renaissance.

[Auxi]

Tomorrow will be the big Monday?

[cyclotronmajesty]

Greece is gonna hold a referendum on whether to stay or leave the EU... the people will probably vote to stay in. However The EU is threatening to kick them out of the EU before that process... (a clue to their evil intentions, and possible reverse psychology) But It's an empty threat, they'd be in worse shape for doing that, and look very bad.

But if the EU does kick them out, they would probably start black ops on the nation in order to destroy it and regain control by force, like they did in Ukraine.

[bobabouey2]

The movie Wizard of Oz was about bitcoin all along. "follow the yellow brick road?" the bitcoin logo is predominantly yellow. The wizard lives in the emerald city, his power is held by a man that keeps his power through lies and making it out to seem he is more threatening than he really is. Both the wizard and the witch are green when they're "bad guys", just like how the US is bad when it's green (cash).

...or I'm reading too much into it.

I assume you are aware that there is a theory that the book is an allegory about monetary policy, when some politicians were trying to move away from the gold standard in favor of a gold / silver standard:

The rusted Tin Man, stuck in the same position for a year before Dorothy oils his joints, has parallels with US industry after the depression of 1893; the Scarecrow reflects the Kansas farmer as viewed by outsiders, needing a brain to replace the straw in his head; the Cowardly Lion is William Jennings Bryan, who campaigned to be US president at the turn of the 20th Century and advocated a standard of both silver and gold to replace the gold standard (in Baum’s book, Dorothy’s slippers are silver, not ruby). Littlefield sets his reading against the backdrop of the late 19th Century debate over US monetary policy; in subsequent interpretations, the Emerald City symbolises ‘greenback’ paper money that has no real value, instead obtaining its value from a shared illusion.

http://www.bbc.com/culture/story/20140819-the-wizard-of-oz-hidden-meanings

And more in depth here:  http://www.themoneymasters.com/the-wonderful-wizard-of-oz-a-monetary-reformers-brief-symbol-glossary/