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

[NotHatinJustTrollin]

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!

$21.6 millions in longs right now.

A few months high.

[derpinheimer]

LMAO! Look at the BTC swap demand! And the rates; it's extremely expensive to go long right now and people are still doing it.

[SnokkomBTC]

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.

 

It's not difficult in the Netherlands   

But I think you need coffee?

[camolist]

Who's ready for the weekend?
[]https://i.imgur.com/wk9CRx4.jpg[/img]

so when does the party start? I don't want to be late

[coinableS]

Price is rapidly approaching zero, abandon ship! 

[luckygenough56]

BIT-TULIP !

[spooderman]

this it? this the proof that we are still in a bear market?

[adamstgBit]

starting to think this was a trap.

[hodlmybtc]

Bearish div on the 30m chart, 285 was probably a good dip to buy.

[KryptoFoo]

Yes, good, good. Bring up the volume bears, and rain your doubts and aspersions down upon us. Market needs a good dose of skepticism. We need the wall of worry to move higher. Is healthy.

[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.

 

It's not difficult in the Netherlands   

But I think you need coffee?

Thanks, but I'm done with coffee for today and happy hour is still a couple of hours away.

Guess I'll have to get by on shirak-e-mazar.



We're spoiled here (the legacy of Rochdale College), but I hear you don't have it too bad in Amsterdam either.

 

[bad trader]

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!

$21.6 millions in longs right now.

A few months high.

NotHatinJustTrollin appealing to reason: bullish

Line breached. Going to retest $215-$220 pretty soon.

It's just a matter of time before it crashes again.

Did you listen?

Whoa big drop all of the sudden! What's going on?

Since when is a 10$ drop a big one? Btc was boring for last 2 days and big traders decided to make some money... Simple as that. Back to 245$ in next few hours, there is to much shorts and people will start closing them if this doesn't drop lower in an hour or two  

Don't think so:






A few more dumps and the line will be totally breached.
It's over. Get out.


Feel free to ignore that advice, hodl and lose tho.

The pump is probably over.

-Weak pump that can't even touch $300:
Check

-Lots of longs on bitfinex despite price not moving much and looking toppish:
Check

-Very low Bid Sum on all exchanges:
Check

Euphoria from the bulls at the top of the pump talking about buying boats:
Check

[bassclef]

starting to think this was a trap.

It's always a trap, adam. If you are a huge whale, how can you mark the price up the cheapest way possible?

-clean out the selling, test bear strength by dumping the market a bit
-get newbs/gamblers to open new shorts
-get longs to cover and take profit (better now than during a markup which you would have to absorb)
-get your own longs filled at lower prices

Works the opposite in a bear market. Now when they push back up there will be less selling and the new shorts will either cover or get called, adding further fuel.

It's all part of the game if you trade with enough coin to alter trends. Think like a predator and not the prey.

Now if you see big volume pushing through, say, $275, then that's an indication that the big boys are selling. If there is relatively lower volume (especially during a retest of a price area) then they are not and it is probably a test.

[Dump3er]

Bearish div on the 30m chart, 285 was probably a good dip to buy.

That's a bullish div, nap. A bear has to tell you this  

Now I know what's causing this stupid hodl-religion.

[hodlmybtc]

That's a bullish div, nap. A bear has to tell you this  

Now I know what's causing this stupid hodl-religion.

Oops, just a typo

If I ment bearish div ofcourse I wouldn't say 285 was probably a good dip to buy.

[inca]

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!

$21.6 millions in longs right now.

A few months high.

Where did you crawl back out from?

[ChartBuddy]

Coin
Explanation

[criptix]

Im giving up in beliving bears - there wont be sub 200 coming.
never again

[inca]

Amazing how a 1% drop after double digit gains and the shits come out the wood work again

[aminorex]

Im giving up in beliving bears - there wont be sub 200 coming.
never again

Maybe not, but my monkey thinks 250 in a week or so.  Then 380 in April.