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

[macsga]

bulls run out of energy already? worst rally ever... RIP bitcoin.

Ah, visitors!

[BTCtrader71]

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.


If the Four Punch raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far.  That means they have ~16 times as much market clout as they did when the first crashed the market.  

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

I'm trying to spot these patterns you mention. Tell me if these are some of the corresponding dates:
crash on Feb 25, 2014 (spike on Mar 3, 2014)
crash on Apr 11, 2014 (spike on Apr 14, 2014)
crash on Oct 6, 2014 (spike on Oct 9, 2014)

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[samsonn25]

Charting might indicate that it would hit the daily EMA by end of February, which puts it within 220-260 range, but its trending downward still.  This is only theory but charting indicates it has not stayed under or over  EMA for more than 90-100 days in the last 2 years.

That would make it resistence at the top of the range.  Can it break it or continue to follow downward trend.

[Bitcoin_BOy$]

Charting might indicate that it would hit the daily EMA by end of February, which puts it within 220-260 range, but its trending downward still.

That would make it resistence at the top of the range.  Can it break it or continue to follow downward trend.

I don't think it will continue dropping , Anymore yesterday it was a chance for newbuyers .

[BlackMarket]

'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffett

funny, warren buffett say this
http://www.coindesk.com/warren-buffett-investors-stay-away-bitcoin/

[WeltMaster]

Smells like some bears are about to be skinned

[cbeast]

'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - Warren Buffett

funny, warren buffett say this
http://www.coindesk.com/warren-buffett-investors-stay-away-bitcoin/

I wonder what his SEC 13F says about that?

[silverfuture]

I just read a whole page without an ignored or a bear in sight. Are they exhausted yet?

I'm not complaining.

Maybe they're all one person and he's asleep  

LambTroll alone has like 10 accounts (I've ignored them all, hopefully)

Yep, that's pretty much what I meant by an ignored. I don't use the ignore hammer on many people and like well reasoned bearish posts but ya gotta draw personal boundaries or the demons will run amok.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Wary]

I just read a whole page without an ignored or a bear in sight. Are they exhausted yet?

I'm not complaining.

Maybe they're all one person and he's asleep  

LambTroll alone has like 10 accounts (I've ignored them all, hopefully)

Could you give us the list? Thanks.

[Wary]

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.


If the Four Punch raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far.  That means they have ~16 times as much market clout as they did when the first crashed the market.  

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

I'm trying to spot these patterns you mention. Tell me if these are some of the corresponding dates:
crash on Feb 25, 2014 (spike on Mar 3, 2014)
crash on Apr 11, 2014 (spike on Apr 14, 2014)
crash on Oct 6, 2014 (spike on Oct 9, 2014)

+1
Would it be too much to ask for a picture? For a dumb hero 

[freedomno1]

Hmm not sure where the recent diagrams are
Guess use the long chart
http://www.coindesk.com/price/ length 1 year

Here is a collection of some past charts though
http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/

[hdbuck]

Investment Guide For The American Dystopia:



http://www.zerohedge.com/news/2015-01-12/investment-guide-american-dystopia-go-long-1-short-middle-class

[Hunyadi]

Those bid walls in Finex  

e: 5.5k to 200 USD

[BlackMarket]

Those bid walls in Finex  

e: 5.5k to 200 USD

lol, 900 btc bid wall eaten in just few minutes 

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[samson]

CCMF = Cryptographically Committed Money Fools

lol 

[luckygenough56]

what if it's a giant bulltrap before the final collapse ?

[Fatman3001]

Just a matter of time..

WHat the h*** has happened to all the bears in this place?