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

[bassclef]

no, it's not a win win because a lot of ammo was spent for 4 attempts to break 300.

lot of usd swaps opened in the process, no cheap dolla' on bitfinex...

hidden bearish divergence showing up.

usd going ballistic.

but keep repeating that everything is ok, because I am ok with it. 

Not enough ammo to go down, that's what defines a bull market. So we dance along the edge of the top resistance until we build enough power to jump over it.

we are not in a bull market. where did you get that idea?

Daily chart? Seems pretty bullish to me. I guess it depends on your definition.

Lately you seem to get excited about these low-volume shakeouts. You do realize they are meant to lock traders into poor positions.

no, not really.

what really got me excited was yesterday's bull attempt to break 300 on high volume that failed for the 4th time. delusional bulls are the one who will push us back down.

bears really dont have to do anything.

I see. Well we may get a little more downside, but I wouldn't personally be short here. If we can't go down and we can't go up, we go sideways/drift upwards until a) significant supply shows up or b) bulls push through. And with a capitulation/rising bottom gradient in the background putting demand in control (this is why we tend to drift upwards), I give greater probability to scenario b.

[1714751882]

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[1714751882]

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[1714751882]

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[octaft]

Over time, she earned my respect- something you have still yet to do yourself.

Thank god for that. I would be embarrassed to have a moron like you respect me.

[tarmi]

no, it's not a win win because a lot of ammo was spent for 4 attempts to break 300.

lot of usd swaps opened in the process, no cheap dolla' on bitfinex...

hidden bearish divergence showing up.

usd going ballistic.

but keep repeating that everything is ok, because I am ok with it. 

Not enough ammo to go down, that's what defines a bull market. So we dance along the edge of the top resistance until we build enough power to jump over it.

we are not in a bull market. where did you get that idea?

Daily chart? Seems pretty bullish to me. I guess it depends on your definition.

Lately you seem to get excited about these low-volume shakeouts. You do realize they are meant to lock traders into poor positions.

no, not really.

what really got me excited was yesterday's bull attempt to break 300 on high volume that failed for the 4th time. delusional bulls are the one who will push us back down.

bears really dont have to do anything.

I see. Well we may get a little more downside, but I wouldn't personally be short here. If we can't go down and we can't go up, we go sideways/drift upwards until a) significant supply shows up or b) bulls push through. And with a capitulation/rising bottom gradient in the background putting demand in control (this is why we tend to drift upwards), I give greater probability to scenario b.

of course you give greater probability to b, because you think we bottomed. many bulls think that. 

[SkyValeey]

Our bear is bear on valium, that's why he's so slow. He needs some meth or coke.

[octaft]

It's a scientific fact that men like taking risks more then women but I guess you feminazis don't care for such things.
Also, I'm sure it was intended as a joke

I guess you would know better than I would, considering every post I've ever read by you seemed like a joke to me.

[ChartBuddy]

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Explanation

[Fatman3001]

Have they disabled right click on this site?

[octaft]

Have they disabled right click on this site?

Looking to save some boob pics or what?

Works fine for me, at any rate.

[gentlemand]

Have they disabled right click on this site?

I had this a few days ago. It was fine on another browser.

[podyx]

It's a scientific fact that men like taking risks more then women but I guess you feminazis don't care for such things.
Also, I'm sure it was intended as a joke

I guess you would know better than I would, considering every post I've ever read by you seemed like a joke to me.

A large portion of my posts are trollposts, yes

[octaft]

It's a scientific fact that men like taking risks more then women but I guess you feminazis don't care for such things.
Also, I'm sure it was intended as a joke

I guess you would know better than I would, considering every post I've ever read by you seemed like a joke to me.

A large portion of my posts are trollposts, yes

What's your explanation for the rest being so bad, then?

[bassclef]

of course you give greater probability to b, because you think we bottomed. many bulls think that. 

Indeed. I think there's a strong case for it. I do position trading using the daily chart so I'm not overly concerned with smaller down moves within the larger uptrend, which to this point haven't been very convincing.

At any rate this sideways consolidation has gotten to be pretty boring, but as they say, the longer the consolidation the stronger the break. Still looking at $330-$350 as my next sell target.

Just to prove that I'm not a complete moron, here are links to my trades.

I'm still long from the second chart, in fact I added to my position a bit.

https://i.imgur.com/P15wNHG.jpg

https://i.imgur.com/SVgsstM.png

[hyphymikey]

Why are bears celebrating in here at a failed attempt at a shakeout and long squeeze last night? Someone wasted 17k BTC on finex alone to bring us down only 10 dollars and no longs were squeezed. What an idiot. It was highly orchestrated, as bid walls and support vanished and ask walls flashed. As soon as someone would buy into the ask wall it would then vanish. This went back and forth multiple times. Now, I suspect the current ask walls will either vanish as we move up or will be bought by its owner to propel us forward.

The reason we haven't broken 300 again is A) accumulation before breakout B)because a launch pad is being built. $290 is slowly becoming a floor and soon >300 will. People will realize selling under $290 is a waste (unless you are truly cashing out). The reason is that if we just flew by 300 idiot traders would just sell us back down. After the pad is built all the bears will realize their days are over. Deal with it.

[octaft]

The reason is that if we just flew by 300 idiot traders would just sell us back down.

Shroomskit, is that you?

[Sitarow]

[hyphymikey]

The reason is that if we just flew by 300 idiot traders would just sell us back down.

Shroomskit, is that you?

Lol... I guess I should have said bad traders.

[adamstgBit]

I like the volume that came in when breaking below 290, feels like some stop loss was triggered and poeple Immediately bought the resulting coins.



now volume is winding down, and we appear to want to be going higher already. in the next 24-48hours I predict we'll be breaking up, popping over 295 resistance, knocking on 300 once or twice with 295 as support, and BAM high volume buys drive price to 310-320 maybe even seeing a second leg to 350.

[octaft]

The reason is that if we just flew by 300 idiot traders would just sell us back down.

Shroomskit, is that you?

Lol... I guess I should have said bad traders.

I'm just messin'. I do miss the shroomy entertainment factor, though.

[ChartBuddy]

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Explanation

[Fatman3001]

Over time, she earned my respect- something you have still yet to do yourself.

Thank god for that. I would be embarrassed to have a moron like you respect me.

I think I have noticed something. You really hate BJA.