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

[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

[Morecoin Freeman]

It is getting even worse lol.

[damiano]

Dumps seem to be getting weaker

[NotLambchop]

...
(One fish two fish red fish blue fish?)

(Little Cindy Lou Who, who was no more than two.)

[Morecoin Freeman]

I bought back in at $257. Now I can finally sleep.

[hmmkay]

Looking good

Font-smoothing is your friend.

[dreamspark]

Dumps seem to be getting weaker

Yep but so are the mini bounces. = sideways.

[galdur]

Support reached, time to resume the upward march

[mymenace]

Support reached, time to resume the upward march

no want some more weak hands to be flushed out

[megadeth]

the twinklegoss' give us a timeline:  http://www.reuters.com/article/2015/01/26/us-winklevoss-exchange-idUSKBN0KZ2N220150126













for the exchange

[galdur]

Support reached, time to resume the upward march

snip

no want some more weak hands to be flushed out

Remember the long slow grind down from the mid-November top? Sure as hell hope that doesn´t repeat from here.

[ImI]

the twinklegoss' give us a timeline:  http://www.reuters.com/article/2015/01/26/us-winklevoss-exchange-idUSKBN0KZ2N220150126

for the exchange

there is a good probability that they will announce both at once, the exchange and the ETF. both will work hand in hand.

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

Dumps seem to be getting weaker

Yep but so are the mini bounces. = sideways.

Oh yeah, maximum pain for everybody. All the bears have to do is wait. Sideways=bearish

[billyjoeallen]

the twinklegoss' give us a timeline:  http://www.reuters.com/article/2015/01/26/us-winklevoss-exchange-idUSKBN0KZ2N220150126

for the exchange

there is a good probability that they will announce both at once, the exchange and the ETF. both will work hand in hand.

Another dump or another pump and dump? The U.S. market will be split between two major exchanges meaning we will have to arbitrage and liquidity will be divided. I hope I'll at least get more instant purchases out of the deal.

[NotLambchop]

...
Bitcoin is being manipulated like a Christmas turkey

Chicken.
Turkey: stupid, not evil.
Need stupid & evil, and so: chicken.

Bitcoin: Disruptive Black Swan or Cow Tipping Point?
(lol no, it's a chicken!)
https://www.youtube.com/watch?v=QObyhINF2h4