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

[ChartBuddy]

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[1714054533]

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[1714054533]

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[1714054533]

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[aztecminer]

Guys, just remember that a healthy pullback is necessary for the market to move up, because it draws out selling. This is why you see a corrective wave after every impulsive wave.

The corrective wave slants downwards because it pulls selling from:

a) longs who want to take profit
b) longs who get nervous and sell the bottom
b) shorts from eager bears
c) miners who wish to dump at this price level
d) whales who want to go to on vacation

It also provides cheap coins for bulls, and if they're still in control the market will move back up eventually. The longer the consolidation/correction, the higher the resulting move will be (generally) because all of the selling that would have been on the books is now gone and will not stand in the way of a price markup. Once the price gets a little push, all of the traders who have sold already will now have to buy back in, shorts will cover and the whales will simply move their walls aside. All of this will contribute to a sustained price advance.

you better be right, cuz if you arent then we are going to have to push the independent thought button .. and no one wants that (especially obama) .

[HI-TEC99]

Banks in Greece won't open this week 

I doubt they will until some sort of agreement is reached with the Euro... they will maximize pain until the Greeks give in... or at least they'll try.

The banks are kinda out of money...

They defaulted on their payments to the Eurpean Central Bank. Greek banks are essentially finished.

The Greeks will be asking officially for help from the European Stability Mechanism tomorrow, and the Eurogroup is ready to hold a meeting about it on the same day as the official request arrives. They will probably give Greece at least enough money to last until the latest emergency summit on Sunday. That should prop the Greek banks up for a while longer.

http://www.telegraph.co.uk/finance/economics/11722511/Greece-news-live-Greeks-have-voted-themselves-out-of-the-euro-as-European-leaders-openly-discuss-how-to-manage-a-Grexit.html

Following the meeting Eurogroup President Jeroen Dijsselbloem announced that the Greek government would submit a new request for financial assistance from the European Stability Mechanism (ESM). The request is expected tomorrow, 8 July 2015.

The Eurogroup is ready to hold a conference call on the same day when the request is received.

[ChartBuddy]

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Explanation

[Fatman3001]

you better be right, cuz if you arent then we are going to have to push the independent thought button .. and no one wants that (especially obama) .

What's Obama done now?

[ChartBuddy]

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Explanation

[Auxi]

btc wall on finex is lower now?

[Alley]

Welp flat again.  Probably be like this for at least a few days before another up move.  Especially since greek banks still closed.

[ChartBuddy]

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Explanation

[Morecoin Freeman]

The 30 min chart gives a pretty accurate picture of what is happening for the upcoming days in my opinion: Falling wedge.

[ssmc2]

6H chart looks like a beautiful beginning to me.

[TaurusBit]

6H chart looks like a beautiful beginning to me.

+1

Look at the volumes.. This is just the silence before the storm.

[freebit13]

Some valuable info to be found here: https://www.whaleclub.co/signals/championship

[ChartBuddy]

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Explanation

[Ivanhoe]

MERKEL: "No debt haircut for Greece."

TUSK: "Situation is really critical and we cannot exclude a really black scenario."

JUNCKER: ""We have a #Grexit scenario prepared in detail, including humanitarian aid."

[LFC_Bitcoin]

Hmmm we seem to be getting dumped, down to 264 USD on Stamp now, I hope I don't wake up & see us in the 250's USD range again. Got a bad feeling that's exactly what's going to happen. Too many people manipulating the price, not wanting us to go near or get above 300 USD.

I guess BTC is a long term investment, it's not time for the moon yet . Keep accumulating whilst coins are still cheap people. HODL strong & hope for a bright future

Seems like each time a bear post gets deleted, bitcoin price drops.
Anyone else notice that, or is the price just falling regardless, and this is just superstitious nonsense?

I think just superstitious nonsense buddy, price is dropping a little regardless of posts being deleted

[BitcoinNewbie15]

Bitcoin has slid back down a little bit since the previous day, but I assume this is natural and expected to happen. I wonder what the next price move is going to be though. Perhaps it may go sideways for a few more days, no one knows for sure though.

[BlackSpidy]

Hmm, guys... I suspect we're never seeing $230 or below ever again. We'll see 60 days from now.

PS: nice to see $260 holding across exchanges. I was hoping we'd see the price hold at $270 today, and go to $280+ tomorrow.

[ssmc2]

Hmmm we seem to be getting dumped, down to 264 USD on Stamp now, I hope I don't wake up & see us in the 250's USD range again. Got a bad feeling that's exactly what's going to happen. Too many people manipulating the price, not wanting us to go near or get above 300 USD.

I guess BTC is a long term investment, it's not time for the moon yet . Keep accumulating whilst coins are still cheap people. HODL strong & hope for a bright future

Seems like each time a bear post gets deleted, bitcoin price drops.
Anyone else notice that, or is the price just falling regardless, and this is just superstitious nonsense?

I think just superstitious nonsense buddy, price is dropping a little regardless of posts being deleted

I don't see us going below $260. In fact, I think within the next 24 hours it's rise time.

[ChartBuddy]

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