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

[abercrombie]

Longs margin interest has surpassing short interest, which took a nose dive last couple days.

Less short sellers to be squeezed upward.

As a contrarian indicator, this is not good for further upside since the market usually goes opposite of what traders think.

[1714747544]

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[1714747544]

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[Torque]

Longs margin interest has surpassing short interest, which took a nose dive last couple days.

Less short sellers to be squeezed upward.

As a contrarian indicator, this is not good for further upside since the market usually goes opposite of what traders think.

Yup, these margin shifts are exactly what the whale looks for to make big moves.

Also, beware rising price on falling volume.

This whole thing will take 6-8 weeks to play out fully, maybe longer.  Only day traders love all the silly little interim swings, and most end up making very little if anything anyway.

[Richy_T]

Damage and recovery is good for the Bitcoin price. It's like some kind of Sayan that gets stronger every time it's defeated but not killed. What is not good is the long, drawn-out downtrend that we saw for two years. That's broken now so I reckon a bit of consolidation then we'll see some significant upside as people load up in the run-up to the halvening.

[Fatman3001]

Lambie does seem a bit emotional lately. Sort of defensive. Not as cool and detached as usual.

As if he recently lost a fortune.

Ahhhhhhh..........

[ChartBuddy]

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Explanation

[LFC_Bitcoin]

Lambie does seem a bit emotional lately. Sort of defensive. Not as cool and detached as usual.

As if he recently lost a fortune.

Ahhhhhhh..........

Would love to see him/her be straight up even for just one day. We could have a Q&A session with him/her answering truthfully, no bull shit or trolling.

I'd love to know if he/she actually owns any coins or if his/her whole reason for being here is to enjoy trolling?

[becoin]

'Dollar-dedicated forums'?! Those are as common as forums celebrating having teeth, or promoting the advantages of not constantly poking yourself in the eye with scissors, i.e. not common at all. Care to guess why?

Let me try....
Don't have dollars = Don't have teeth
And you say you aren't dollar cultist!?

Not that bitcoiners don't try their best to be pests.

So, back to square one. What're you doing in a 'pest' forum? Trying to pest-control?

You harass Wikipedia & other businesses for not wanting to take your pointless tokens, you write creepy manuals on trapping unsuspecting neighbors & coworkers in an elevator, so that they couldn't run from your MLM bitcoin pitch.

You not only harass businesses but bomb entire nations for not wanting to use your pointless (dollar) tokens in their international trade and impose sanctions, so that they couldn't run from your MLM dollar pitch.

[GGALINff]

'Dollar-dedicated forums'?! Those are as common as forums celebrating having teeth, or promoting the advantages of not constantly poking yourself in the eye with scissors, i.e. not common at all. Care to guess why?

Let me try....
Don't have dollars = Don't have teeth
And you say you aren't dollar cultist!?

Not that bitcoiners don't try their best to be pests.

So, back to square one. What're you doing in a 'pest' forum? Trying to pest-control?

You harass Wikipedia & other businesses for not wanting to take your pointless tokens, you write creepy manuals on trapping unsuspecting neighbors & coworkers in an elevator, so that they couldn't run from your MLM bitcoin pitch.

You not only harass businesses but bomb entire nations for not wanting to use your pointless (dollar) tokens in their international trade and impose sanctions, so that they couldn't run from your MLM dollar pitch.

so Russia bombing someone means they want them to use the Ruble?

[ChartBuddy]

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[becoin]

so Russia bombing someone means they want them to use the Ruble?

Since when ISIL is a nation? Has US gov prepared such a resolution to be adopted by United Nations Security Council? Will not be a surprise!

[Fatman3001]

so Russia bombing someone means they want them to use the Ruble?

Not that I can follow the rest of this crazy conversation, but yes. They want Crimea and Eastern Ukraine to use the ruble and they want Syria to enter weapons contracts in rubles. Like they did with Venezuela and North Korea. It's not their main objective, but it's part of the symbolic power struggle Russia thinks it's having with the rest of the world.

[becoin]

so Russia bombing someone means they want them to use the Ruble?

Since when ISIL is a nation? Has US gov prepared such a resolution to be adopted by United Nations Security Council? Will not be a surprise!

Since it became a self-proclaimed Islamic state? Where do you libertardian sovereign citizens stand on such matters?

LOL
Dollar cultists and ISIL supporters in united front against... what?

[8up]

Expecting one last dump.

PSA: Adam's cheap coins target is a must buy. 

[becoin]

so Russia bombing someone means they want them to use the Ruble?

Since when ISIL is a nation? Has US gov prepared such a resolution to be adopted by United Nations Security Council? Will not be a surprise!

Since it became a self-proclaimed Islamic state? Where do you libertardian sovereign citizens stand on such matters?

LOL
Dollar cultists and ISIL supporters in united front against... what?

I do not support ISIL any more than I support Somalia or Canada. Just answering your question.

The question here isn't whether it is more. The question here is why isn't your support less.

[ChartBuddy]

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Explanation

[JimboToronto]

Good morning Bitcoinland.

Still bouncing around $330 I see. Hopefully this little bear trap is closing and we're on our way back up.

$500 was much too high much too fast. $300 was much too low much too fast. Getting back to $400 would be reasonable.

Then again, when has Bitcoin ever behaved in a reasonable manner?

[JayJuanGee]

I'm shorting this horse down to double digits!

Go all in and tell your friends also. Rocket needs more shorts.

All my friends think i'm crazy for speculating on this Bitcoin thingy since 2011

a guy who heard I was in it in 2013...(i tended to tell folk about btc when it was 1100 a btc and I was mining..now i'm more quiet about such lol)

Anyway went off on how I lost my Ass now that btc dropped from 1100 to 325 or so.

I had to 'inform' him that I 'mined' all my BTC and am currently 20k ahead on my 18k investment in equip and elec from 2013 to this point on all my prev equipment

I'm at 101 BTC (or equiv if i cashed out my LTC also now) ...you could see him rapidly doing the math in his head...heh

oops.....I went from chump to champ in like 14 seconds...

I understand that sometimes people get really caught up on whether their BTC portfolio is in the red or black, yet when we are investing for the longer term, we have to realize that sometimes there could be extended periods of being in the red and even possibly that the whole amount of our investment is drained out of us by a slow trickling down of the price of the asset.  Currently, a lot of us long term holders are feel pretty decent over the 30% or more recovery from the lower $200s....   

[GGALINff]

so Russia bombing someone means they want them to use the Ruble?

Since when ISIL is a nation? Has US gov prepared such a resolution to be adopted by United Nations Security Council? Will not be a surprise!

Since it became a self-proclaimed Islamic state? Where do you libertardian sovereign citizens stand on such matters?

LOL
Dollar cultists and ISIL supporters in united front against... what?

I do not support ISIL any more than I support Somalia or Canada. Just answering your question.

The question here isn't whether it is more. The question here is why isn't your support less.

Not sure. What does my support of ISIL -- total, middling, or nonexistent -- have to do with ISIL being/not being a self-proclaimed Islamic state?
You just seem really bitter, bro. Did you expect the bubble to keep growing forever, and invest more than you could afford to lose?

funny thing is-  ISIS probably used USD the most of any currency

[JayJuanGee]

Since we seem to be having a little bit of a slow time in wall watching  (even though there seems to be quite a bit of volume and up and down price pressure in this $320- to $340 range), Can someone explain the meaning of the new bar below chart buddy? 

What is it?  What does it mean? 

Maybe 24 hour volume somewhere? bitstamp? or something else?

Anyone have an answer to the above question, yet?

[gentlemand]

Anyone have an answer to the above question, yet?

It was answered a while back. It's a countdown to the block halving.