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

[tarmi]

stubborn realistic bulls.

22 mil of usd swaps opened.

ftfy

we will see about them being realistic once bears really start their attack.

I think bulls panic the best and the last.

The only thing I've ever agreed with you about, is the fact that the powers that be will want to squeeze longs eventually. BUT the fact the we had a great capitulation at $160, then a month of sideways action, then 3 weeks now of upwards grind, the best scenario would be to continue up and create even more confidence. This would squeeze most of the shorts out, and create even more longs (during this time I would loan out my USD at a high rate to gain a few %). While the shorts close out as we move up, I would start borrowing coins for extremely cheap rates, but not sell them just yet. The masses will gain confidence and help propel the price and USD rates up. Once we get to high 300s I would drop the hammer, and take most by surprise. I would sell all those coins I borrowed and eat up all the closing longs on the way down. For now, the problem is most of the longs opened were opened under and close to 200, so to close them out we would need to create a lower low, which isn't cheap. Whales have much less to gain now by dumping and squeezing longs, than to move up more and do it later.

The fact that we still have bears around here running their mouths means we are not ready yet for a drop. Once the bears go completely silent... Watch Out!!!

confidence that we will break 300 easily -   ✓

8 mil of new longs opened -   ✓

plenty of cheap coins to borrow -   ✓

bulls thinking that we already had capitulation -  ✓

no cheap dolla' / dolla' going ballistic -  ✓

somebody already hammering the order book -   ✓

Good luck dude!

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[ChartBuddy]

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[Fatman3001]

stubborn realistic bulls.

22 mil of usd swaps opened.

ftfy

we will see about them being realistic once bears really start their attack.

I think bulls panic the best and the last.

The only thing I've ever agreed with you about, is the fact that the powers that be will want to squeeze longs eventually. BUT the fact the we had a great capitulation at $160, then a month of sideways action, then 3 weeks now of upwards grind, the best scenario would be to continue up and create even more confidence. This would squeeze most of the shorts out, and create even more longs (during this time I would loan out my USD at a high rate to gain a few %). While the shorts close out as we move up, I would start borrowing coins for extremely cheap rates, but not sell them just yet. The masses will gain confidence and help propel the price and USD rates up. Once we get to high 300s I would drop the hammer, and take most by surprise. I would sell all those coins I borrowed and eat up all the closing longs on the way down. For now, the problem is most of the longs opened were opened under and close to 200, so to close them out we would need to create a lower low, which isn't cheap. Whales have much less to gain now by dumping and squeezing longs, than to move up more and do it later.

The fact that we still have bears around here running their mouths means we are not ready yet for a drop. Once the bears go completely silent... Watch Out!!!

confidence that we will break 300 easily -   ✓

8 mil of new longs opened -   ✓

plenty of cheap coins to borrow -   ✓

bulls thinking that we already had capitulation -  ✓

no cheap dolla' / dolla' going ballistic -  ✓

somebody already hammering the order book -   ✓

Good luck dude!

Tarmi you dawg! You know we're going up. Why won't you celebrate with us?

[coinmaster222]

Looks like it will drop 20 dollars before climbing above 300

[bensam123]

Looks like it will drop 20 dollars before climbing above 300

Currently it's about $280. When is it going to reach $300? 

[BlackSpidy]

Looks like it may be picking up again. Maybe by the time I wake up tomorrow, we'll be at $297 again, caressing the $300 barrier. We'll break through between now and next week, definitely. Just wait and see.

[bensam123]

Looks like it may be picking up again. Maybe by the time I wake up tomorrow, we'll be at $297 again, caressing the $300 barrier. We'll break through between now and next week, definitely. Just wait and see.

I think it's more likely to have one last drop before a flawless up journey. Maybe dropping back to $250 perhaps?

[ChartBuddy]

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[JimboToronto]

Currently it's about $280.

It's been a week since it was $280.

It's been around $285 for the last day or so, and $290 +/- $10 for the last week or so.

Don't let the bears brainwash you into negative thinking. Pessimism is for losers.

[BlindMayorBitcorn]

[bensam123]

Currently it's about $280.

It's been a week since it was $280.

It's been around $285 for the last day or so, and $290 +/- $10 for the last week or so.

Don't let the bears brainwash you into negative thinking. Pessimism is for losers.

Haha. What rates are you looking at?

I'm looking at coinbase rates.

[Chef Ramsay]

We're up a dollar since today's average so perhaps it's time to celebrate a little. On the flip side, we could be going down some and I have some fresh fiat lined up for litecoin currently. Who's with me? Buy the next best thing when the best is moving.

[Chef Ramsay]

There has been some good things in this pool to make decent that which is not so good. Let'sfry some chicken and order some pizzas and eat like there is no tomorrow. Win!

[JimboToronto]

Currently it's about $280.

It's been a week since it was $280.

It's been around $285 for the last day or so, and $290 +/- $10 for the last week or so.

Don't let the bears brainwash you into negative thinking. Pessimism is for losers.

Haha. What rates are you looking at?

I'm looking at coinbase rates.

I tend to look at the exchanges with higher volume, in this case Bitfinex.

[ChartBuddy]

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[infofront]

I think we're going to sink a bit further. The bulls are still rattled, since they weren't able to break $300.

[ChartBuddy]

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[Maximum_Overderp!]

Was waiting for 355, but will take some profit now and wait for lower prices or a clear direction in the next week to take a clear position.

[ChartBuddy]

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[ChartBuddy]

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