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

[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.

[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  

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.

I'm thinking a test $270, been calling it for days. Keeps the uptrend in tact. There's just too many god damn longs!

[Lauda]

I'm very patient, but I've been asking myself a question. When will we breach $300?
We've been under $300 since January 3rd. I'm all for slow gains, but I don't feel like the recovery should be taking ages.

[aztecminer]

289. ALLHOPEISLOST 

we are so doomed... if it keeps dumping what should we do

[adamstgBit]

289. ALLHOPEISLOST 

we are so doomed... if it keeps dumping what should we do

dump it all at the bottom.

[SnokkomBTC]

289. ALLHOPEISLOST 

we are so doomed... if it keeps dumping what should we do

drink some beer and smoke some weed

[Spaceman_Spiff]

Based on my time here roughly 99% of people posting charts have literally no idea what they are doing & it's more often than not just what they want to happen.
They then go ahead & make a bull shit chart to try & convince themselves it'll happen.

Who are the successful/professional traders here?
I'd like to interview a few for a series. Obviously 'I once made $100 in a bubble' doesn't count.

TERA, but he's not around anymore.

How do you know he or she was successfull trader?? I remember she or he was wrong many times, which i believe is the reason why she or he is not posting anymore

Not sure, but I think so because, while being a bit too bearish in general, TERA seemed to get the big calls right on beforehand.  Moreover, he claimed to have an impressive percentage of return.  Easy to lie about that of course, but he didn't strike me as the type.

BTW: the 'she' thing was invented by BJ Allen if I recall correctly.  Wall Observer soap drama  .

[derpinheimer]

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.

He got 300 coins without slippage and someone else didnt want to risk others selling before them? Many explanations. Also, stupidity is a choice.. lol

[SkyValeey]

I'm very patient, but I've been asking myself a question. When will we breach $300?
We've been under $300 since January 3rd. I'm all for slow gains, but I don't feel like the recovery should be taking ages.

March - 50%
April - 99% ?  

[dreamspark]

All the buys that are happening on Finex are on margin it's not good and it's not healthy.

[ChartBuddy]

Coin
Explanation

[mrkavasaki]

sub $200 soon??

[derpinheimer]

This is fun to watch. Tons of buyers placing their bids in front of the (once) 1.5k bidwall. If that wall goes, it took a lot of buyers with it.

[NotHatinJustTrollin]

"I mined so many coins this month, thank you burrs, you have been very usefurr!!"
-Every chinese megaminer who is about to unload his coins now that the pump is over.

[JimboToronto]

drink some beer and smoke some weed

The beer part is easy. Just go to a bar that accepts Bitcoin.

The weed part is a little more difficult. I don't know any potbrokers who accept bitcoins in real life, just on the internet and that takes days.

 

[derpinheimer]

All the buys that are happening on Finex are on margin it's not good and it's not healthy.

Holy shit lol! People are opening longs through the dumpage. Unheard of!