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

[michaelGedi]

biased perspective: the dump was merely to get people warmed up for what's next. To instill doubt, to soften the ground, to tweak the indicators, grease the wheel, lube the dildo... you get the picture

[calme]

Where did you read that this is merely the lubing of the dildo? WSJ?

[LFC_Bitcoin]

biased perspective: the dump was merely to get people warmed up for what's next. To instill doubt, to soften the ground, to tweak the indicators, grease the wheel, lube the dildo... you get the picture

Yes because I'm sure they could control that

[bad trader]

It looks like we might be staying in the channel for now.

That didn't work out too well.

To me it looks like the price crashed from the channel and bounced from the 1797.1 resistance.



I don't know what to expect next. It could drop again or not.

[dreamspark]

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.

I'm not so sure, we still have retail buying today which I feel is keeping the price up and keeping people holding on to those outrageously expensive longs (0.1% PER DAY!). I think so many people were holding onto longs waiting to sell over $300 that if the price dribbles down over the weekend they will close. Particularly ones held from lower down. In my opinion there are just too many people waiting to take profit (at least $3-4mill worth), we need to drop them off first and pick up some shorts to really get the fuel to pop over and stay over $300 for good.

[bad trader]

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 wish I had done that.

[ChartBuddy]

Coin
Explanation

[luckygenough56]

W-E DUMP INC.

[adamstgBit]

fuck

[coinableS]

Looks like it's time to short... but that's okay we can still fall down to the 260-250 range and still be within our steady uptrend since mid January.

[SnokkomBTC]

fuck

Beartrap?

[SkyValeey]

Pretty boring . I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

[dreamspark]

Pretty boring . I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days 

[Silverspoon]

fuck

Adam,

[adamstgBit]

289. ALLHOPEISLOST 

[bassclef]

Bear puts up 300+ ask wall, starts to get nibbled but holds

Bull market buys it with a 320 coin order

Bear immediately anger dumps 500+ coins, showing his hand and emotional state

This is not the activity of a good trader. Plenty of gamblers left to extract money from.

[Dotto]

Err... it seems that

[SkyValeey]

Pretty boring . I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  

Yes, you're right. Smth like "near-flat silent distribution" with 3 fake attempts to break 300.

But I don't think we're going very low, maybe 260-270 (?). I'm bullish in mid and bearish in short.

Mid/long taders can close ex and charts for few weeks and don't think too much about price.

Better correction now and then up than fast 350$ pump and strong downtrend like January.

[sAt0sHiFanClub]

Jeez, whoever is selling must need a lot of blow for the weekend...

[calme]

Didn't their mother teach them not to procrastinate? If you wait until Friday to buy your blow, you'll end up paying in fiat. Some kids just never listen.