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

[fonsie]

The tape is being painted and it is being walked down ... the idiot TA traders, chart followers and weak hands fall for it every time. At some point though the real bitcoin supply dries up and it doesn't matter what the charts are saying, they are all gone ... short that shit and you're dead.

Funny how no permabulls showed any concern about the "tape being painted" when the price was going up.

Because there is an infinite supply of dollars.

[Dump3er]

[davidorentol]

    drk/btc  so relax

[erre]

To the MOOOOOOON!!!!

[podyx]

  Where do you get these pictures from?

[samsonn25]

LMFAO

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

Hahahaha amazing picture.

This dump seems weak though. I would not sell this close to 200 because everyone is waiting to buy there.
Someone has to sell at the bottom. You don't want to be that guy.

[Dump3er]

  Where do you get these pictures from?

https://www.google.de/search?q=astronaut+suicide&client=safari&hl=de&biw=414&bih=628&tbm=isch&source=lnms&sa=X&ei=TvrNVNCKOobV7AbO94HQDw&ved=0CAcQ_AUoAQ&dpr=3

[Ezmoneyezlife]

Hahahaha amazing picture.

This dump seems weak though. I would not sell this close to 200 because everyone is waiting to buy there.
Someone has to sell at the bottom. You don't want to be that guy.

Lol dude, once 200$ is breached large margin calls will follow due to tons of stops around that lvl.

[coins101]

  drk/btc  so relax

One Whale

One Wall

[Morecoin Freeman]

Hahahaha amazing picture.

This dump seems weak though. I would not sell this close to 200 because everyone is waiting to buy there.
Someone has to sell at the bottom. You don't want to be that guy.

Lol dude, once 200$ is breached large margin calls will follow due to tons of stops around that lvl.

And how do you plan on breaching 200? Try 210 first. Good luck with that.

[mmitech]

Something for all shorts of limited issuance goods to ponder ...

http://www.thedailybeast.com/articles/2015/01/29/the-same-thing-that-ruined-the-housing-market-is-now-ruining-the-super-bowl.html

In the 2015 Super Bowl ticket market, short selling has again played a major role, but this time around, anyone that shorted the market is now looking at losses of as much as $8,000 for each ticket.

And Longs are also dangers, in this case the longs are more dangerous than shorts, by looking at the charts bellow you can see that there are almost $15 M in longs, assuming these longs would be closed at today's price, this would create a selling pressure of 69000 BTC, this would bring the price to......zero, I don't know what bulls are thinking about when going long.


in the other hand shorts are around 20.5K BTC which seems 3 times less than the longs but still dangerous.... with the price still going down there is a big possibility of longs squeezing then the other possibility .


Longs




Shorts

[podyx]

img]http://www.ufunk.net/wp-content/uploads/2011/08/astronaut-suicides-neil-dacosta-08.jpg[/img]

  Where do you get these pictures from?

img]http://blogs.houstonpress.com/news/Astronaut_Suicides_garage.jpg[/img]

https://www.google.de/search?q=astronaut+suicide&client=safari&hl=de&biw=414&bih=628&tbm=isch&source=lnms&sa=X&ei=TvrNVNCKOobV7AbO94HQDw&ved=0CAcQ_AUoAQ&dpr=3

ah thanks

[Narken]

Wonder how many stolen coins(stamp etc) have been dumped yet, still think we will see lower levels in near future.

I doubt much fiat is going into the market atm, to risky with the downtreding

Also the big wall on bitfinex was gone in no time yesterday, so much for solid walls

[mmitech]

 drk/btc  so relax

One Whale

One Wall

Otoh is pumping his shitty investment, he bought almost 200K DRK (or even more)  at the bubble last year, and now he cant sell on this thin market without crashing the price to 0, so the only thing left to do to save his investment from vanishing is to pump it and sell in batches.... and he don't seem ashamed about it.


here your go:

YVW! As promised, I've topped the Crsptsy wall back up to > 100 BTC now



So if anyone feels like unloading a few, please to feel free

Yes, the BTC there were temporarily tied up with day trading the > $300 jump, will edit to provide screen shot.



:p

[inca]

Something for all shorts of limited issuance goods to ponder ...

http://www.thedailybeast.com/articles/2015/01/29/the-same-thing-that-ruined-the-housing-market-is-now-ruining-the-super-bowl.html

In the 2015 Super Bowl ticket market, short selling has again played a major role, but this time around, anyone that shorted the market is now looking at losses of as much as $8,000 for each ticket.

And Longs are also dangers, in this case the longs are more dangerous than shorts, by looking at the charts bellow you can see that there are almost $15 M in longs, assuming these longs would be closed at today's price, this would create a selling pressure of 69000 BTC, this would bring the price to......zero, I don't know what bulls are thinking about when going long.


in the other hand shorts are around 20.5K BTC which seems 3 times less than the longs but still dangerous.... with the price still going down there is a big possibility of longs squeezing then the other possibility .


Longs




Shorts

It helps to put a year chart up. In that you can see long interest is down 50% whilst short interest is up about 100%.

We may go lower. But 5000 shorts opened up on finex alone in the last 20 dollar drop. A single buy will squeeze us straight back to 240 if they capitulate.

[luckygenough56]

[Morecoin Freeman]

Can't get enough of those pictures!

[samson]

Hahahaha amazing picture.

This dump seems weak though. I would not sell this close to 200 because everyone is waiting to buy there.
Someone has to sell at the bottom. You don't want to be that guy.

Lol dude, once 200$ is breached large margin calls will follow due to tons of stops around that lvl.

And how do you plan on breaching 200? Try 210 first. Good luck with that.

The price is already below $210 on BTC-e