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

[aztecminer]

The fact that we're so bearish so soon after a 90% jump in price tells me that we are really oversold.

If no whales follow that seller(s) earlier soon this could be huge

 

oh comon.. this is normal.. big time 'chinese panic' flash dump and then settle into sideways movement for awhile before the next 'chinese panic' flash dump. nothing to see here. keep moving along everyone.

[damiano]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

The dump this morning looks like a failure.  No panic sells, just the Bears who opened up the shorts.  Today would be a great day to squeeze. 

[aztecminer]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

[YourMother]

lol@oversold.

These people have no idea that in a lot of countries in the world, $218 is a monthly salary. A monthly salary for a trash bitbulb which you cannot use and you have to hire a fucking task force to protect it from theft.

It's mind bending to see this delusion.

[Wekkel]

Discussion?
Why bother, when this thread roughly breaks down into three contingents: those who already agree with me, those who know I'm right but are too stubborn/overinvested to admit it, and finally those who, despite all the evidence to the contrary, continue insisting they're little teapots, short and stout?

We'll talk again when you've been around long enough to have seen at least one break of a previous ATH that was, until then, considered to be "never to be seen again".

Wait, my mistake. Won't work. Hey there, future inactive account

I think it's official, you have gone full retard.
I have no idea how you manage to go from respected bitcointalk member posting good TA and insights/thoughts to being just another delusional  cultist.

Everybody can look at bitcoin's price history, and everybody can see that this thing screams "I am a bubble" from whatever side you are looking at it  

The fact that the large scale pump&dump can be divided by cycles (pump&dumps themselves) that repeated 3 times in the past doesn't make it any less of a bubble  


As I said in the thread from the 2012 poster about submarine bulls and bears or something that was deleted few days ago:

Is it too much for you to believe that some people simply were not convinced about bitcoin as an investment and they didn't wanna put money in something they believed was a bubble but the fact that bitcoin was pumped&dumped several times in the past doesn't mean they were "wrong"?

Your logic is as follows: "The "nonbelievers" that said bitcoin was a bubble but price eventually was pumped higher were wrong in saying it was a bubble because some bitcoiners made a quick buck with it"

If (please note the 'if') this thing is going to make a 3rd round of ATH, I am going to enjoy this exchange of thoughts so very much ....  

And of course, Oda is right....

[HarmonLi]

I really really don't know what to make of this. I tend to regret not shorting downtrends, but seeing this just gives me the safe confirmation and safety of knowing I could never trade the current market or be sure shorting was the right thing to do. I call it: flummoxed holding.

[bassclef]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

The dump this morning looks like a failure.  No panic sells, just the Bears who opened up the shorts.  Today would be a great day to squeeze. 

Might have to wait until tomorrow night--at these prices market makers love to mark the price up just before fiat deposits go though.

[damiano]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

Is a $10 drop really enough to cause that much panic?

[ChartBuddy]

Coin
Explanation

[SnokkomBTC]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

lol, the famous 'Chinese panic' flash dumps

[bassclef]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

They're the ones who probably started it, and it was probably a couple hundred coin dump that got inflated by the bots (that seems to be their job if you watch them). When Finex doesn't have enough volume to move the price, they just follow China. There must be some arbitrage channel there because the orderbooks at Huobi, BTChina and OKcoin are lol compared to the volume.

[inca]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

Is a $10 drop really enough to cause that much panic?

The only people panicking are those that dumped 5000 coins on finex hoping the price would fall in a cascade of selling.

In 30 days we have US regulation coming onto statute.

[SnokkomBTC]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

Is a $10 drop really enough to cause that much panic?

The only people panicking are those that dumped 5000 coins on finex hoping the price would fall in a cascade of selling.

In 30 days we have US regulation coming onto statute.

US regulation and the launch of Gemini. The Winklevoss brothers supposes the launch in Quarter 1

[tarmi]

sorry guys, but the real crash is yet to be seen.

with all those bitcoin derivative trash, p&d altcoins, mining bubbles, bitcointalk ponzi schemes, bulltard trolls and scammy exchanges in place you need several rounds of really hard dumping to find the real bottom.

the one to 150 is the first and genuine step in the right direction.

[damiano]

We get you are short newbie..I wish there would be some follow-through selling for you

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

Is a $10 drop really enough to cause that much panic?

The only people panicking are those that dumped 5000 coins on finex hoping the price would fall in a cascade of selling.

In 30 days we have US regulation coming onto statute.

Well there are 2 options I can see

1) dump more coins (a lot more) and try to cause panic
2) accept defeat and close positions and try again at a higher level

Unless the Chinese are not the ones that dumped and the dumper did so hoping when China wakes up they will cause the panic.  Again all for $10 isn't that much.

Anyways China wakes up in 1 hour so we will see

[Dump3er]

The dump3er guy tells you: Sub 100 is coming. When? Soon...
Was the dump3er wrong before, when he said "This shit is crashing hard"?! No!
Was the the dump3er wrong when he said "Buy this bull trap now and sell it to inca on the top"? No!

If you are not listening to the dump3er you will be a dead astronaut!

Surrender, you maggots! Bow before the dump3er!

[HarmonLi]

I think it's highly interesting that the market doesn't seem to fall into big-panic-mode with those dumps anymore. It makes me think we're really near the bottom, or maybe even on our way up, again. It's much too early to tell, though.

[NotLambchop]

...
In 30 days we have US regulation coming onto statute.

Bullish!  From Wikipedia, the free online encyclopædia:

"With the advent of the internet and the ability to create web sites easily without any regulatory involvement, as well as the ability to operate from other jurisdictions, pyramid schemes have continued to operate into the 21st century. It is easy for scammers to set up a web site in one country, operate from another country and target victims in a third country, hiding their identity and making it difficult to trace them. Financial regulation varies significantly from country to country, and some countries deliberately promote low regulatory environments in order to attract financial business. This makes it easy for bitcoin criminals to use this to their advantage. Financial Regulatory Authorities in each country have significant difficulty enforcing rules on scammers in other countries. With low financial literacy by investors or victims (particularly in the increasingly complex ways that global financial markets operate), and without better coordination between financial regulators in different countries, bitcoin enthusiasts continue to operate." --http://en.wikipedia.org/wiki/Bitcoin

[inca]

Remember all but a select few on this thread are retail playing with peanuts and leverage.

All it takes is a few consecutive 'short all the rallies!' attempts ending in margin calls and the attitude in here will change on a dime.

[Wekkel]

I see a lot of support, picking up the coins dumped right into sizeable bids. Indicators are turned down heading into a short term low (on the daily) but price isn't suffering that much. Ergo, buy support is increasing which is moderately positive for the medium term.