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

[ChartBuddy]

Coin
Explanation

[1715378717]

1715378717

[1715378717]

1715378717

[inca]

Starting to rebuild long position here and if we dip lower. Gambling is fun!

[Elwar]

Will go down for multiple days imo.
I've been around long enough to recognise the patterns.

There is NO real pattern, here.   

BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures.  This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously.

The pattern is the magic number $266.

We might be stuck here for a while if nothing pushes it up quickly.

[xxxxxzzzzz]

And in the mean time idiot dumpers keeps dumping.

Hello idiot dumpers buying back above.

Can you believe there are still people dumping?

precipitous dump

There will be ongoing "fuck you market" dumps from now until the end of time, roughly on the hour every hour, between 100 and 5000 coins (they're clever though, and split their dumps into multiple quick succession orders so as to make it not quite so obvious to anyone new to the market) and resulting in $1-10 in 1-5 minute losses in global bitcoin price.

It's not early adopters who "need fiat money" in a "hurry". They already have more fiat than they know what to do with and don't dump in a non-stop systematic fashion (they'd long ago have been out of coins) nevermind that they'd be able to get more fiat money if they sold 500 coins over the course of 2 hours than in 2 minutes. And it's not the big industrial miners, most of them have private off market contract buyers. Clearly it's the shorters market makers market manipulators market fuckers take your pick. These people have a deranged obsessive need (and financial motive) to desperately always and repeatedly try to force the price ever lower regardless of what the current price is. Crush the market with 1000 coins (most often borrowed coins) in 1 minute, wiping out everything from current price and down $3 or $4, re-buy at the price you just forced the market to go down by, or more, if you successfully cause a downward cascade from other parties, still have 1000 coins plus an extra couple thousand dollars, repeat perpetually until bitcoin dies.

*oh lookie one just happened as I was typing, about an hour after the last one, and an hour after the previous one, and ...

After seeing the heights bitcoin can reach after the last ATH, I'm pretty sure there is a concerted effort to keep the price down as long as possible to amass as many coins as possible. I think this behaviour might change after the halving.

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

[ACAB]

Btc-e: Lowest ask Price 263.088 USD || Highest Bid Price 261.821 USD

Interesting 2$ space.

[ChartBuddy]

Coin
Explanation

[freebit13]

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

I'm hoping that as bitcoin spreads into more hands, it will become more difficult to affect the market so easily. Let's hope that they get their coins soon and stop manipulating the price down and we can watch it float upwards.

Edit: P.S. just go back to the first few pages of this thread and see what we've come through so far 

[LFC_Bitcoin]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

[ChartBuddy]

Coin
Explanation

[dakota neat]

sell. you won't get a better price. we will continue with strategic dumps, ddos and propaganda to avoid adoption. the fiat system needs to be protected. give up.

[BitThink]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

[marcus_of_augustus]

sell. you won't get a better price. we will continue with strategic dumps, ddos and propaganda to avoid adoption. the fiat system needs to be protected. give up.

you and who's trailer army?

[ChartBuddy]

Coin
Explanation

[findftp]

... until bitcoin dies.

Hahahahaha.
Was enjoying your tile untill this sentence.
Good laugh.




still laughing

[freebit13]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

I agree, the 1w MACD is looking good right now, it's going to be interesting to see what happens when the lines finally cross... we're almost there 

[aztecminer]

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

I'm hoping that as bitcoin spreads into more hands, it will become more difficult to affect the market so easily. Let's hope that they get their coins soon and stop manipulating the price down and we can watch it float upwards.

Edit: P.S. just go back to the first few pages of this thread and see what we've come through so far 

yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.

[rjclarke2000]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

I agree, the 1w MACD is looking good right now, it's going to be interesting to see what happens when the lines finally cross... we're almost there 

Can someone explain what the 1w MACD is please?

Thanks

[freebit13]

Can someone explain what the 1w MACD is please?

Thanks

It's the 1 week Moving Average Convergence Divergence: http://www.investopedia.com/terms/m/macd.asp

[freebit13]

yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.

Yeah I've had this feeling for a long time now, probably since last year where it seemed that someone was trying to keep the price down just as it was recovering from the Gox debacle, that's why I've been elsewhere for the last few months, it was too sad to watch  

Edit:
You can see how they have been smashing the 3d MACD since June last year. They've managed to keep it under for a year, but it looks like things have been changing since that big red dildo on Jan 14th.


Well, that's my theory anyway.

[ejinte]

See? Told ya we'd bounce off of $270. Next stop, $284.

Nah, podyx is right as usual.