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

[RayX12]

+1WOsmerit
The funny truth!

[RayX12]

You missed the caption!

PUMP IT!

 

[RayX12]

The Igor Bogdanoff reverse Pattern:

[kalehon]

after today

[4rt3m]

[Real_Ramsey]

triple bottom, bout to move up soon.

[mindrust]

Looks like the mainstream finance guys are blaming the dump on that shit Korean exchange. Which they say got hacked for $40 million, which is weird since that's close to the amount the asian whale sent to an exchange right before the dump.

I totally missed these kinds of action. This reminds me good old exchange hacks and btc-e trollbox craziness. Gotta grab some of those cheap coins.  

[STT]

Surprisingly bullish  (relatively) view by stock trader on BTC, just watching their live facebook talk



They dont see this as fatalistic or 'done and dusted' move.    Roughly described as an indecisive area until we lose 6400 to confirm a break.   I'll have to watch this back and revise exactly how they intend that interpretation but I agree in general terms the move is still arrested not really moving like I'd expect a genuine break

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

China has the 'problem' of rising wages, Vietnam now undercuts China for general labour costs.   I imagine you will find some very cheap opportunities in Vietnam however its most definitely communist and not a good currency base.   I hear they buy houses by agreeing a price in gold bars, who knows they might take BTC could be ideal

[Toxic2040]

Cryptocred knocking another one out of the park. I highly recommend checking it out.

Risk management.

https://www.youtube.com/watch?v=ofwtsc20hOY







-------
Bitcoin


MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

[LFC_Bitcoin]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

Let’s hope so because I’m starting to get a little concerned atm

[RayX12]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

Let’s hope so because I’m starting to get a little concerned atm

Just wait a year or two and we will be millionaires like the first hodlers.
Until then enjoy the ride!
Go Bitcoin Go!

[European Central Bank]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

[Rosewater Foundation]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

[European Central Bank]

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

uh, ok.

oh the humanity.

yowzers and stuff.

[RayX12]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

Exaggeration..  only a healthy correction. 

[Last of the V8s]

He worries.

[JayJuanGee]

#random

On today's episode of satoshis.place.

Stay weird, Bitcoinlandia !

bitcoin is all about lambos and penises.

oh, and about bottoms of course.

Not too exciting for me to look at penises.

Couldn't we just stick with the hookers, blow and lambos mantra?   Has a nice ring to it, no?

[JayJuanGee]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

The one on the right is definitely the best but the left most is just hotter.

Would be difficult to kick any of them out of bed for eating crackers, even if you are not "into" girls.    hahahahahaha      

[RejectedBanana]

MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

For a little Straight Outta My Ass Non-TA:

If you ignore the obviously manipulated Bart action (anything near-vertical on a 4 hr chart) the majority of background action appears surprisingly and overwhelmingly bullish. It's punctuated by relatively brief and steep bearish intervals.

To me, the Bart action stinks to high heaven of whales still trying to cash out gracefully via OTC but being absolutely played by their OTC brokers. At the moment, whales are selling faster than the OTC market can absorb, leading to an overall downtrend, or at least sideways equilibrium. At some point, whalebears will run out of ammunition and the background uptrend will once again dominate.

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

[RayX12]

MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

For a little Straight Outta My Ass Non-TA:

If you ignore the obviously manipulated Bart action (anything near-vertical on a 4 hr chart) the majority of background action appears surprisingly and overwhelmingly bullish. It's punctuated by relatively brief and steep bearish intervals.

To me, the Bart action stinks to high heaven of whales still trying to cash out gracefully via OTC but being absolutely played by their OTC brokers. At the moment, whales are selling faster than the OTC market can absorb, leading to an overall downtrend, or at least sideways equilibrium. At some point, whalebears will run out of ammunition and the background uptrend will once again dominate.

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

Beautiful Out of Your Ass TA
Confirmed



Confirmed!