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

[sumantso]

Barely a month back the Chinese couldn't buy fast enough, and now they can't wait to sell

[1714651795]

1714651795

[1714651795]

1714651795

[seriouscoin]

You call this a dump?

Pathetic volume.

But pigs will be needed an ED-U-CAT-ION

[windjc]

Barely a month back the Chinese couldn't buy fast enough, and now they can't wait to sell

Its called a market.

[windjc]

And China has lost it, stamp struggles to find grip and gox digs in to storm out of the final turn and take the lead.

Lol. Youre calling this a horse race.

[CryptStorm]

And China has lost it, stamp struggles to find grip and gox digs in to storm out of the final turn and take the lead.

Lol. Youre calling this a horse race.

Ha, this is Bitcoin. Show me some TA that could have done better

Seriously, the slowest fall off a cliff ever. A big push would hurt, but no one seems to budge...

[MicroFi]

Ah yes. The last testing of the support, before the Monday rally

[CryptStorm]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

[accord01]

Ah yes. The last testing of the support, before the Monday rally

[MicroFi]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

[CryptStorm]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

sure, check it out on bitcoinwisdom... candles on 10/30 or 10/31 looking pretty similar... after the 266 pop

[Lady_Luck]

You call this a dump?

Pathetic volume.

But pigs will be needed an ED-U-CAT-ION

Yes, this doesn't look like an attempt at a flash crash, the way that walls are position (cautiously high and holding well), sustaining the price to make it look like a consolidation but then break in a tick. It surely shows no volume, but what it also doesn't show is ; how fast they vanish and at what precise timing they do.
I'm afraid, their is no real intent to dump behind those well organized move. Attrition of the cash flow of the bull in a slow down trend seems more likely to me. Tiny move down after tiny move down, pushing them closer and closer of the consideration of the stop loss option.

Well If I were in that position and had interest in creating more than a flash crash but to accumulate coins over a longer period of time, I'd try to create delusion more than fear.

It doesn't mean it will work, but I think that's what is being try to be achieved.

[MicroFi]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

sure, check it out on bitcoinwisdom... candles on 10/30 or 10/31 looking pretty similar... after the 266 pop

Thanks, I see it now.

[CryptStorm]

What's really bothering me is that I still haven't figured out why a stupid pink dick appeared on the image I posted, and am now worried that every image I post will be the same, or my cpu is compromised and, mostly, that I now have a pink penis virus.

[mb300sd]

Post another image


Is there anywhere else we can see actual walls, other than btccharts?

[CryptStorm]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

sure, check it out on bitcoinwisdom... candles on 10/30 or 10/31 looking pretty similar... after the 266 pop

How about this one:
http://bitcoincharts.com/charts/bitstampUSD#rg5zigHourlyzczsg2013-10-17zeg2013-11-01ztgMzm1g10zm2g25zv

Matches with days destroyed too

What do you mean, 'destroyed'?

I still think it's just a slow downhill. But, it's BTC, whaddyagonna do?

[CryptStorm]

Post another image


Is there anywhere else we can see actual walls, other than btccharts?

bitcoinwisdom has walls, as does coinorama and a bunch of others... guys?

[MicroFi]

Post another image


Is there anywhere else we can see actual walls, other than btccharts?

bitcoinwisdom has walls, as does coinorama and a bunch of others... guys?

What's that pink penis doing in that buxus?

[MicroFi]

Ah yes. The last testing of the support, before the Monday rally

I suppose it is possible that right now is a similar moment to 10/31 (on the 12H chart, for ex).

Are you sure you mean 10/31?
I don't immediately see it on the chart ...

sure, check it out on bitcoinwisdom... candles on 10/30 or 10/31 looking pretty similar... after the 266 pop

How about this one:
http://bitcoincharts.com/charts/bitstampUSD#rg5zigHourlyzczsg2013-10-17zeg2013-11-01ztgMzm1g10zm2g25zv

Matches with days destroyed too

What do you mean, 'destroyed'?

I still think it's just a slow downhill. But, it's BTC, whaddyagonna do?

Check those dates and the December on this chart:
https://blockchain.info/charts/bitcoin-days-destroyed-min-week?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Days destroyed represents the amount of time the coins that are being moved have spent in wallets, large movements of coins from storage show up on it.

No idea where its going to go next, those coin movements don't say coins are on the exchanges and Christmas shopping is as likely as anything else for the end one. I just buy and hold and recommend the same, too much risk from chaos but it looks like bullish chaos

I'm holding too.
Too dangerous right now to start speculating ...

[dwdoc]

What makes you think that holding is not speculating?

[MicroFi]

What makes you think that holding is not speculating?

+1
If you're right, you're right