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

[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.

[Fatman3001]

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.

I know it is customary to talk ones book in this place but you're getting a bit obvious. I often find your comments somewhat insightful, but this is just twaddle.

[billyjoeallen]

I think that there's a 80% chance we will retest $200, but there's no way I'm going to sell my coins on an only 80% chance I can buy them back. Yeah, it's prolly gonna go a little lower, so the fuck what? When the real pump starts it'll be too late to get on board because by the time you wrap your head around paying $230, it'll be $250 and by the time you think that's a reasonable price it'll be $280.

If you buy all the way down, you know that you'll get the best price on at least a few coins and you'll be fully loaded for the next rally. How many of you still had coins to sell when we hit $310 a couple weeks ago? I did, but not many. You can't dump coins unless you first get some coins to dump.

I don't wast time trying to top tick the peaks and bottom tick the rallies. I've lost out on too many opportunities that way. I'd rather give up some profits than stare at my screen like a stranded air traveler after he missed his flight when the market runs away from me.

and if you're short, keep shorting. It's the forced liquidations of the shorts that are going to really launch this next rally.

[NotHatinJustTrollin]

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.

The only thing that can bring a solid sustainable uptrend (and not just a temporary short squeeze that will end in tears soon after anyway) is a constant influx of new money flowing in exchanges. Big demand.
As of now, there is none:

https://bitcointalk.org/index.php?topic=934650.msg10358797#msg10358797

[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.

I know it is customary to talk ones book in this place but you're getting a bit obvious. I often find your comments somewhat insightful, but this is just twaddle.

there is no book.

I am buying all the dips and cashing out all the rebounds since we broke 380.

that is all. 

[inca]

and if you're short, keep shorting. It's the forced liquidations of the shorts that are going to really launch this next rally.

Plenty are..