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

[barbs]

I have no idea what is happening right now.

it's going up.

to go up 6$ though it needs a half a million $ in bitstamp?

[DanielT]

It seems like another pump and dump.

[Sitarow]

Well, convincing people to sell in order to fill you own buy orders is not cool imo.

I don't think by making a comment here would make people sell their stash

Noobs might panic when trolls & their various sock puppets are spreading FUD.

Like counters.. Nothing gets the mob moving then a anticipation of missing out.


I will leave this here.

* that is the coolest gif I've seen since the bear driving the flaming car btw.
Thanks for that

NP

How long does it go? I stopped at 2 minutes

It will continue to go up if you walk away from your keyboard and you don't loose power.

[Plazma]

This doesn't feel like pump.

[Ezmoneyezlife]

This doesn't feel like pump.

Yes, its a totally manipulated attempt to squeeze shorters.

[Sitarow]

This doesn't feel like pump.

Yes, its a totally manipulated attempt to squeeze shorters.

Well we will see in the next 4 hours. Yet from my perspective this has always been an attempt to dump LTC holdings at a higher USD rate by trading LTC for BTC and then let BTC rise and take profits at what ever the target $ is. What that value is unknown by me at least.

[bassclef]

The pumps/dumps are simply the big boys trading. Their volume moves the market, not the guys with 5btc. They know that in order to be bullish, they need to remove supply from the market first (thus the recent shakeout) so there's less selling into a rally. The good traders see this and can read supply & demand on the charts.

[Morecoin Freeman]

This doesn't feel like pump.

Yes, its a totally manipulated attempt to squeeze shorters.

One could argue all market movement is manipulation.

[Sitarow]

The pumps/dumps are simply the big boys trading. Their volume moves the market, not the guys with 5btc. They know that in order to be bullish, they need to remove supply from the market first (thus the recent shakeout) so there's less selling into a rally. The good traders see this and can read supply & demand on the charts.

Normaly I would agree with you. However I have noticed a serious trend that has been pushing alts closer to the value of btc in order to get the maximum return on their alt investment.

This is not done by miners.

This gif animation shows the general idea of the attempt to weekend BTC market share and enable them to take profits by utilizing alt's.

Block advancement by throwing in higher volume trades effectively blocking organic movement in the market.


And then disguising the reduction of BTC circulating on the exchanges by margin trading and present it as normal by volume via various means such as 0% fee's.

[tarmi]

remove supply from the market? miners included? 

bulls, you better hurry up and buy all the coins till 250 $, now is your best shot, because sooner or later someone will dump into your face, and bid side is not looking actually good.

[Shak]

so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight

[thresher]

so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight

When the market moves up dramatically for no apparent reason, yes.

[Sitarow]

so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight

Critical and cynical thinking is vital in any endeavor and I firmly support the idea that participants make informed decisions.
Unfortunately many are already party to this collusion.

http://www.macgetit.com/1422/do-you-have-critical-or-cynical-thinking-skills/

[Ezmoneyezlife]

so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight

When the market moves up dramatically for no apparent reason, yes.

Its all about chinese wash volume manipulations, every shitty pump and dump comes from their shitty exchanges tho.

[damiano]

Chinese panic dump in 25 minutes

[bassclef]

remove supply from the market? miners included? 

bulls, you better hurry up and buy all the coins till 250 $, now is your best shot, because sooner or later someone will dump into your face, and bid side is not looking actually good.

Miner volume is a drop in the bucket compared to how much volume whales move. And yes, they likely absorb this selling in the face of a rally. They have to to achieve the next major resistance (supply) point before going short. Look at a daily chart and you'll see where those areas will likely occur. It is not rocket science. All you have to do is join them.

[Sitarow]

Chinese panic dump in 25 minutes

Careful not to get fixated, for you may loose what is important.

[damiano]

Chinese panic dump in 25 minutes

Careful not to get fixated, for you may loose what is important.

I have my orders set

[NotHatinJustTrollin]

What are you waiting bitcoiners? put your life savings in this shit!
This time is the moon for real. breaking the ATH and $10k soon after minimum. It's not like all the other 341341234109 times when price failed and dumped again!
You can trust me!

[YourMother]

Bears getting owned

Your 5 minutes of fame ran out.

Still goin up bro

Mad yet?