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

[NotLambchop]

May I direct your attention to Psalm 22, gentlemen, this little tidbit in particular:

Be not far from me; for trouble is near; for there is none to help.
Many bulls have compassed me: strong bulls of Bashan have beset me round.
They gaped upon me with their mouths, as a ravening and a roaring lion.
I am poured out like water, and all my bones are ...

For dogs have compassed me: the assembly of the wicked have inclosed me: they pierced my hands and my feet.


Yeah, see?  He didn't have it easy either.
OTOH as He suffered, He certainly didn't feel like an idiot--He didn't blow all of his family's money because a website posted a rocket pic.  Not like U

You'll be fine, bulls!  Feel better soon! <3

[gkv9]

More good news... Sell all!  

https://twitter.com/BitcoinTrust/status/559845831428554752

Oh no please!!! Please don't mess up with the Bulls... We don't want to see it down under $200 again...

[billyjoeallen]

coinbase showed us the moon ...

ROTFL!! Got that right. They have egg on their faces. Serves them right for pumping when they have no business telling people which way to trade.

[damiano]

How many of you are currently short?

[cbeast]

There is no evidence of superstitious trading. Trade only bitcoins you can't afford to buy back at 350.

[billyjoeallen]

How many of you are currently short?

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

[TankHankerous]

Call me a stubborn bull but I'm out until coins are Low Low Low

Like the apple bottom jeans and the boots with the fur

[billyjoeallen]

A fair few longs being liquidated on 796 futures. Another sleepless night coming up I think.

When there is blood in the streets!

Blood is like 200. I was there

False. There's less than 1.5M bitcoin users on the entire planet. Blood is $115.

1.5 M with what, an average of less than 10 coins each? if we all wanted an average of 11, there wouldn't be enough to go around, even if the price hit $10,000. 

This too shall pass, Gentlemen. Be greedy when others are fearful.

[dreamspark]

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

[billyjoeallen]

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time. This CB pump put a little kink in the works, but the undercapitalized will have to sell and the get rich quick crowd will have to get bored and drop out first.  With my cold storage stash, pile of fiat and incoming profits, I can wait.

[BlindMayorBitcorn]

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

[marcus_of_augustus]

Another thing about the latest research on the 1 percent from Rank and Hirschl: While one in eight Americans might visit the 1 percent for a year, only one in a hundred stay there for a decade or more.

http://www.marketplace.org/topics/wealth-poverty/making-it-1-percent-more-common-you-think

[galdur]

Looking good

[BlindMayorBitcorn]

Looking good

Man! Honeybadger don't even read the newspaper. And if it did it would be Chinese

[billyjoeallen]

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

[DaRude]

The BTC700 ask wall flasher is starting to get annoying  

[BlindMayorBitcorn]

How many of you are currently short?

Closed mine sub 260, need some sleep. Hoping it doesnt move too much either way in the next ~10 hours.

Mark my words: shorts are gonna get squeezed within a month. I'm calling a $350 top, but first it's gotta go low enough to get all the bargain hunters on board.

Shorts are already down 7k in 24 hours. We need some sideways and for the amount of shorts to go up before we can really squeeze them.

We'll get plenty of sideways, I think. The Four Punch pattern gets flatter each time.

So the pattern should be sideways sideways long squeeze short squeeze?

(One fish two fish red fish blue fish?)

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

So basically we're probably looking at a double bottom. I can live with that

[billyjoeallen]

No, it's crash/bounce, dip, short squeeze and second bounce. We are currently at the dip phase.

So basically we're probably looking at a double bottom. I can live with that

Not a true double bottom because there will be less volume than the long squeeze to $166. There's not enough coins on the exchange to make it higher volume than that. When the margin longs got liquidated, all those coins went to the Four Punch Raiders and they will not get squeezed because they are not operating with leverage. They have enough fiat and coins to bleed us without taking the risk.  That's why after the short squeeze there will be a bounce and then another crash.

I'm getting out after the short squeeze. I'm gonna use the money to generate a second source of income so I can just keep buying a little at a time until this nightmare is over. Prolly after the Chinese give us back every single last coin or some third world shit currency becomes even less attractive than BTC and we get another Cypress type event.

[ChartBuddy]

Coin
Explanation

[DaRude]

The BTC700 ask wall flasher is starting to get annoying  

There he goes