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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26752210 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
dakiller
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March 09, 2018, 04:31:54 AM

Doing some bear planning



uploaded photo

jojo69
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March 09, 2018, 04:32:44 AM

oversold up to the 4 hourly

imma ladder buy down from here
JayJuanGee
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Self-Custody is a right. Say no to "non-custodial"


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March 09, 2018, 04:40:06 AM

[edited out]

same feeling

from about price point $6000USD (and got it back their to rebuy) seems like someone else took over the markets

Yeah a lot of sudden downward movement in a very short period of time.

I believe that we still likely have decent buying support at $8k and $7,500; however I suspect that there would not be a lot of buying support between about $5k and $7,500 - in the event that support does not hold in the lower $8k or the mid $7ks.

In other words, I have decent doubts that $6k would hold another time once we start to get back into the $6k price territory, if such were to happen.


both fud and btc volume,


Of course, we cannot be surprised by large price drops FUD spreading because this is bitcoin.



5 sides from what i can tell , bcash, mining, media, legislation, hacks



Bcash seems to be yesterdays news and losing influence.

But there are at least a few areas besides merely taking advantage of momentum..


testing control and moving up and down

opportunity if you can get it, $2000 swings


I am a bit too chicken shit to wait for $2k increments to buy back in, so I buy back in tighter increments around $350, these days.


Belief the train has left the station
Belief the technology is on a rocket to the moon
Belief there are no more stations, all aboard

Then why the stoppage?

This may be  a shaking of the ICO and altcoin parasites as Marcus Augustus mentioned a few weeks ago.  There may be a more decent market incentive to shake some the altcoin and ICO trash.
babanana
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March 09, 2018, 04:42:52 AM

My first bag already full. Few more bags waiting below. What caused this drop? Gox? There's not much fud unlike the week when it drops from 20k to 11k.
I thought we're already on smooth sailing from last week's bull.

Bitcoin is really full of surprises!
JayJuanGee
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March 09, 2018, 04:43:38 AM

BTC can easily absorb 160k coins
Wat??

That's right.  You heard it here first.   Tongue Tongue
mymenace
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March 09, 2018, 04:44:10 AM



Belief the train has left the station
Belief the technology is on a rocket to the moon
Belief there are no more stations, all aboard

Then why the stoppage?

This may be  a shaking of the ICO and altcoin parasites as Marcus Augustus mentioned a few weeks ago.  There may be a more decent market incentive to shake some the altcoin and ICO trash.


Sounds good, good for bitcoin




JayJuanGee
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March 09, 2018, 04:44:28 AM

I should've sold more in January.....

That's what she said.
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March 09, 2018, 04:47:15 AM

Burn the alts to the ground.  Burn motherfuckers burn.

Bcash lol clinging to the bottom side of $1k.  They let that go and it’s a a slippery dip. 
JayJuanGee
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March 09, 2018, 04:49:33 AM

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??


That is not true.

It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market.  BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.

According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while.

If you think about the USD/BTC trade volume on various exchanges between December and February, we had quite a few days, just in USD/BTC trading that was well over 100k btc in just one day... and w had some exchanges that were approaching 100k BTC  daily individually.  Spread that out over a week, a month, or three months, and you have stupendous BTC trade volume that can easily absorb that number of coins with hardly a burb.
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March 09, 2018, 04:50:25 AM

Burn the alts to the ground.  Burn motherfuckers burn.

Bcash lol clinging to the bottom side of $1k.  They let that go and it’s a a slippery dip. 

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March 09, 2018, 04:51:10 AM

If gox coins going auction, I would love to bid. Of course, just crumbs, if they will open.  Wink
infofront (OP)
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March 09, 2018, 04:57:05 AM
Merited by HairyMaclairy (1)

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March 09, 2018, 05:00:11 AM

JayJuanGee
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March 09, 2018, 05:00:28 AM

oversold up to the 4 hourly

imma ladder buy down from here


I have been ladder buying since about $10700 and all the way down to here.   Cry Cry    I must be doing something wrong.   Cry 

I gots me more BTCs but less moneyes.   Cry Cry
infofront (OP)
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March 09, 2018, 05:01:46 AM

oversold up to the 4 hourly

imma ladder buy down from here


I have been ladder buying since about $10700 and all the way down to here.   Cry Cry    I must be doing something wrong.   Cry 

I gots me more BTCs but less moneyes.   Cry Cry

Oh shit, JJG's account was hacked!
Nivir
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March 09, 2018, 05:03:44 AM

My first bag already full. Few more bags waiting below. What caused this drop? Gox? There's not much fud unlike the week when it drops from 20k to 11k.
I thought we're already on smooth sailing from last week's bull.

Bitcoin is really full of surprises!

My bags are more than full too.😂 I thought bitcoin go straight to $14,000 when it broke $12,000. So it seems breaking of ath really happens 2nd half this year again?😁
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March 09, 2018, 05:08:17 AM

Elliott count
https://imgur.com/a/vu2Fp
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March 09, 2018, 05:11:17 AM

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March 09, 2018, 05:13:19 AM



Double dipping. #btfd
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March 09, 2018, 05:26:14 AM


What in the flying fuck is Elliot wave useful for in the least aggregate market on the planet?  You do know the market is entirely controlled by a single entity operating on Bitfinex since $200 right?  And that almost every volume short in bitcoin ever has been squeezed?  The second all chartists agree that X point is the perfect spot to short, they'll just print a billion tethers and squeeze you.  Or some random guy with 200,000 illiquid asset coins he can't even sell in the first place will use them as long collateral to squeeze you.

The moral of the story is:  don't participate in rigged markets (unless they're rigged to the downside, that's when you walk in and buy).  Almost every asset on earth is in a bubble right now.  The only asymmetric trade around that's been rigged to the downside is gold and silver - especially silver.
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