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

[ChartBuddy]

[1714967531]

1714967531

[1714967531]

1714967531

[ChartBuddy]

[VolanicEruptor]

I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?

[ElectricMucus]

I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?

Insults.

[ChartBuddy]

[samson]

I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?

Do you really think that it can't fall to $30 or lower ? Have you learned nothing over the past few months ?

Just because it's going up right now doesn't mean it won't come crashing down at some point over the next few months - in fact I expect it to go much lower than most people anticipate - it just looks like it's not going to happen yet.

I'm happy to ride the price movements both up and down.

[Cablez]

Still waiting to close a short position?

[TheKoziTwo]

I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?

Why so much anger ?

Perhaps he actually listened to these people and sold it all at $65?

[samson]

I remember reading this thread periodically and seeing people predicting a fall to $30
So now I must say, what makes you assholes so sure of yourselves all the time?

Why so much anger ?

Perhaps he actually listened to these people and sold it all at $65?

LOL, if that's the case he listened too little and acted far too late.

[thoughtfan]

Haven't posted one of these (nor anything come to think of it) for some time so...

I'm liking the convergence since yesterday of the exchange prices and I always enjoy when gox is in the 5x% range



Also, not that I want to stoke any potential bubble but I do like how this chart is looking, especially given the usd volume at peak would be equivalent to a third less now had the volume been distributed as it is these days.  (in case it is of interest I bought substantially with long-term in mind for the first time in a long while on Sunday).

[JimboToronto]

Just woke up and checked i286 to see where things were stood and was surprised it was about the same as when I went to bed.

Then the red started flying by and it dipped below 120. My timing is spooky sometimes.

What I noticed last night was that the larger buys were no longer being accompanied by bidwalls to hold the price. Would a nice 1k bidwall at 124 have prevented this slippage? It only took a dump of about 1k to trigger a panic sell all the way down to less than 120 before a small rebound.

Maybe "the" whale had nothing to do with this and is catching his breath before the next jump up, together with a proper bidwall. Why act if others were willing to do it for him?

Interesting times indeed.

[ChartBuddy]

[ElectricMucus]

Also, not that I want to stoke any potential bubble but I do like how this chart is looking, especially given the usd volume at peak would be equivalent to a third less now had the volume been distributed as it is these days.  (in case it is of interest I bought substantially with long-term in mind for the first time in a long while on Sunday).

That fits the exact premise of a bubble with a classic bulltrap.

[JimboToronto]

Ka-ching.

No bidwall to accompany the buy though.

Edit: I meant no bidwall near the final purchase price. The little wall at 120.4 is too far back to count.

[ChartBuddy]

[Walsoraj]

Also, not that I want to stoke any potential bubble but I do like how this chart is looking, especially given the usd volume at peak would be equivalent to a third less now had the volume been distributed as it is these days.  (in case it is of interest I bought substantially with long-term in mind for the first time in a long while on Sunday).

That fits the exact premise of a bubble with a classic bulltrap.

source or gtfo

[thoughtfan]

Also, not that I want to stoke any potential bubble but I do like how this chart is looking, especially given the usd volume at peak would be equivalent to a third less now had the volume been distributed as it is these days.  (in case it is of interest I bought substantially with long-term in mind for the first time in a long while on Sunday).

That fits the exact premise of a bubble with a classic bulltrap.

It does indeed.  But how long does one wait, having stopped buying regularly since mid April, and with the belief that there's a reasonable chance bitcoin could increase in value enormously in the medium term, before resuming with my purchasing (or as in my case, buying with the money I would have been buying with had I continued)?  Because as far as I understand it there is no way until after the event of telling whether an upward trajectory was a bull trap or a recovery.  I don't believe looking at old patterns will help.  Although there is almost certainly some manipulation going on I don't subscribe to the manipulator conspiracy theories circulating.  I may be wrong but that's what risk taking is about.  Not only must manipulators also take risks (and may lose out if enough people ignore them and get on with what they were planning to anyway) but some 'manipulators' may also want the very same of Bitcoin as I do.

Truth is it fits the exact premise of any number of patterns but neither you nor I can say what it is - only in a month or two what it is likely to have been!

[Rampion]

It looks like some negative momentum is building up.

[notme]

Also, not that I want to stoke any potential bubble but I do like how this chart is looking, especially given the usd volume at peak would be equivalent to a third less now had the volume been distributed as it is these days.  (in case it is of interest I bought substantially with long-term in mind for the first time in a long while on Sunday).

That fits the exact premise of a bubble with a classic bulltrap.

It does indeed.  But how long does one wait, having stopped buying regularly since mid April, and with the belief that there's a reasonable chance bitcoin could increase in value enormously in the medium term, before resuming with my purchasing (or as in my case, buying with the money I would have been buying with had I continued)?  Because as far as I understand it there is no way until after the event of telling whether an upward trajectory was a bull trap or a recovery.  I don't believe looking at old patterns will help.  Although there is almost certainly some manipulation going on I don't subscribe to the manipulator conspiracy theories circulating.  I may be wrong but that's what risk taking is about.  Not only must manipulators also take risks (and may lose out if enough people ignore them and get on with what they were planning to anyway) but some 'manipulators' may also want the very same of Bitcoin as I do.

Truth is it fits the exact premise of any number of patterns but neither you nor I can say what it is - only in a month or two what it is likely to have been!

+1

[Ray Anastasio]

It looks like some negative momentum is building up.

It does, actually.

I thought so too... Bet on it actually