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

[coins101]

spooderman is going to post something profound shortly.

[billyjoeallen]

That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.

That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.

Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.

[TankHankerous]

the bitcoin song gave me douchechills

[Dotto]

[Morecoin Freeman]

That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.

That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.

Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.

I'm not even sure what pattern it is supposed to be but it looks really the same!

Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.

[billyjoeallen]

Somebody really doesn't want that 1HR moving average to cross over.

[blatchcorn]

That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.

That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.

Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.

I'm not even sure what pattern it is supposed to be but it looks really the same!

Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.

People find bullshit patterns everywhere.

[DefendKebab]

Looks like china dump started

[sleger]

Someone trying to kill the shorts on futures! https://bitcoinwisdom.com/markets/796/btcfut

No you're wrong, these are stop loss close orders from shorts actually, you can see it in orderbook page of the website.

[billyjoeallen]

That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.

That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.

Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.

I'm not even sure what pattern it is supposed to be but it looks really the same!

Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.

People find bullshit patterns everywhere.

True, but I've made a lot of money following this one.

[Afrikoin]

That only applies if we didn't experience a final bottom. your chart assumes its a bear market always.

That is NOT the short squeeze. It's the stutter step (the fake out) BEFORE the short squeeze. Volume tells the story. We're going to $350, but I dunno how far down we're going first.

Nobody is more aware than me how dangerous it is to be short right now, but we're still up over 27% in the last week and I think there will be more of a correction first. volume right now still shows more resistance than support.

I'm not even sure what pattern it is supposed to be but it looks really the same!

Also it is 6:50 am in China. Dump maystart anytime now. Fasten seat belt.

Hold on, does the OP imply we are due a wick extension piercing long term EMA? ($475)

OR

supposed wick has already formed but, failed to pierce EMA? thus trend down has began?

[drbrock]

So is the new bottom around 240/250? with another swing up after?

[billyjoeallen]

Aaaaand four hours of low volume melt-up wiped out.

[LFC_Bitcoin]

So is the new bottom around 240/250? with another swing up after?

Most likely a rapid rise to 700.

Buy whilst you still can.

[billyjoeallen]

So is the new bottom around 240/250? with another swing up after?

There is no certainty, only probabilities.

[ChartBuddy]

Coin
Explanation

[JimboToronto]

So is the new bottom around 240/250? with another swing up after?

So far the new bottom has been $260.

Let's see what China (and the rest of the market) does.

[billyjoeallen]

Aaaaand four hours of low volume melt-up wiped out.

Yeah... but they needed to dump 2500btc to break 270$. Don't know 

OK, you need to understand that the pump and dump is basically over. Somebody is walking it down now, selling into his own buy orders just so he'll have more to dump on your head when you think the coast is clear.  I've seen it before. Hell, I've done it before, but this is someone or some people with serious money and coins to play with.

[Raystonn]

Just when you think Bitcoin has stumbled and is heading down... bam.

[JimboToronto]

Aaaaand four hours of low volume melt-up wiped out.

4 hours? It was at $260 4 hours ago.

This dip barely touched $270.

Feeling bearish today?