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

[kaykawa]

what happened with the wall in btce?

[1714003679]

1714003679

[1714003679]

1714003679

[bassclef]

An anecdote that it worked out for you that time doesn't mean it will continue to.
It's far from optimal when you can cut your losses and find a way better entry. That trade that netted you 20% overall could have netted you a significantly higher % by re entering when the market reversed.

Obviously everyone should trade how they feel fit but what about the people who opened longs at $900. Should they have held until the market reversed and get margin called. Of course if your trading spot its a different story.

Indeed, it was during the selloff to $160 and the losses would have been substantial had I cut them. Instead, seeing that we were at a likely capitulation/selling climax after whales sold us off in reaction to the Bitstamp hack news (perfect finale to the bear market, bravo guys) I wasn't about to sell into it. Instead I bought heavily into the selloff and secondary test when I saw it was on low volume, averaging out my trade downward to bank a great profit when it went to $300 on the reaction.

Obviously the sell climax created a unique situation. Crazy trade that turned out to be though

[Brewins]

its so scary how btc is a few phone calls away from 1k

it is only a willy bot away

[Bitcoiner_cph]

what happened with the wall in btce?

it disappeared just like all other wall will very soon... the BULL is on!

[podyx]

NLC hasn't been active for 6 days

[tarmi]

I can tell you that from march the 10th (min price 289 $) till today there were more than 2.5 mil of new longs opened.

they are paying very high interest rates (more than 0.08 % a day).

so going sideways and staying below 300 is putting a lot of pressure on them.

what is going to happens first? Moon or everyone get margin trapped and forced to dump?

So far they have paid 0.5% of 2.5 million in interest. A whopping 12,500 dollars. Pressure?

We may well dip you could be right. But we are nowhere near a long squeeze and most of those longs are in the money.

yes, pressure, because I dont see how will they close their positions in green any time soon.

too many people waiting for 300 + just to dump. usually the opposite happens when the vast majority is expecting something.

[bassclef]

NLC hasn't been active for 6 days

He won't be back until Easter.

[dreamspark]

An anecdote that it worked out for you that time doesn't mean it will continue to.
It's far from optimal when you can cut your losses and find a way better entry. That trade that netted you 20% overall could have netted you a significantly higher % by re entering when the market reversed.

Obviously everyone should trade how they feel fit but what about the people who opened longs at $900. Should they have held until the market reversed and get margin called. Of course if your trading spot its a different story.

Indeed, it was during the selloff to $160 and the losses would have been substantial had I cut them. Instead, seeing that we were at a likely capitulation/selling climax after whales sold us off in reaction to the Bitstamp hack news (perfect finale to the bear market, bravo guys) I wasn't about to sell into it. Instead I bought heavily into the selloff and secondary test when I saw it was on low volume, averaging out my trade downward to bank a great profit when it went to $300 on the reaction.

Obviously the sell climax created a unique situation. Crazy trade that turned out to be though

Ah well that's a completely different story then, cutting your losses into fairly obvious capitulation is not advisable of course. That's a very very unique situation and exactly why I just said an anecdote that worked for you shouldn't be taken as an effective risk management and trading strategy. At pretty much any other time after June last year anyone holding a long position with no stop loss will have been liquidated if it was a long term position.

[ChuckBuck]

NLC hasn't been active for 6 days

He won't be back until Easter.

He's busy posting as one of his 56K alts today:

             CCMF!!

The best is yet to come!

[ChartBuddy]

Coin
Explanation

[sAt0sHiFanClub]

https://www.youtube.com/watch?v=3s7UVY5yv7Y

Can bitcoin safe Greece??

If the Greek people begin to use bitcoin instead of Euro, Bitcoin will EXPLODE!! Another pro bull market argument... The people with Shorts on please wake up, before you get margin called out, and we all have to feed you with our spare satoshis!  

And how do you propose the greeks are going to get bitcoin? Buy it with what, exactly?

Are you going to loan them some? Because that worked out real well for the Germans...

Get real man, if you are going to troll, do so with a sense of humour and irony. This is simply not trying hard enough. You Greek, by any chance? 

[Silverspoon]

NLC hasn't been active for 6 days

He won't be back until Easter.

For many shall come in my name, saying, I am NotLambchop; and shall deceive many.
And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
All these are the beginning of sorrows.

TL:DR:  I am amongst you, and though I once came to you as the Lamb, so shall I return as the lion, to judge and to smite.  And to chew bubblegum.  But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.

[nioc]

after following this thread for a year I've made my first transaction based upon TA.  I bought based upon the 6 hour KDJ lines.  I decided to buy 13 hours ago and put off the bills till later in the month as opposed to buying Bitcoin later in the month.  

Then I think of oda.krell  

Edit: and dreamspark

I get the feeling there's either an insult wrapped up in there, or a compliment.

Or possibly both. 

ಠ_ಠ

Definitely a complement.

Looks like my Cargo Cult reading of TA worked

[michaelGedi]

thanks... for me the more I try to think like a whale the more I imagine they have more to gain by continuing the downtrend.

They will continue in the direction of least resistance according to supply and demand. That is why after capitulation they began pumping instead of dumping. Fighting natural market forces is a good way to go broke, any market professional knows this. They won't do it. There is also a good chance that they can see both sides of the market and have insider connections--so they know when to mark the price up or down ahead of how much fiat is entering the exchanges and what kind of news is coming out.

They've tested the hell out of this price range and it resulted in an accumulation gradient of rising bottoms (likely by multiple competing interests). This is bullish. They see this. We will test downward as many times as needed to break $300. If it means that they hold most of the coins on Finex to do this, so be it. They will be distributed later.

I get your points. It's just considering the implication that the large actors are sufficiently stacked to change market sentiment completely (tweak indicators, create momentum, etc) wouldn't it be profitable to sell into a rising bull market if you feel with a degree of certainty that you can manipulate it down again? When the consensus targets are above an exit point you are happy with, you know they are going to continiously keep buying at your favourite point before getting exhausted. Let's assume 300 is that point, would roughly 100% gains (if for arguments sake their buy point was near the 166 bottom, and we discount the massive rebound to 315) or more not be sufficient for this whole exercise? The new "sustainable" bull market can come later when the institutions are properly set up and notable new money is flowing in.

[podyx]

NLC hasn't been active for 6 days

He won't be back until Easter.

For many shall come in my name, saying, I am NotLambchop; and shall deceive many.
And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
All these are the beginning of sorrows.

TL:DR:  I am amongst you, and though I once came to you as the Lamb, so shall I return as the lion, to judge and to smite.  And to chew bubblegum.  But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.

[thezerg]

https://www.youtube.com/watch?v=3s7UVY5yv7Y

Can bitcoin safe Greece??

If the Greek people begin to use bitcoin instead of Euro, Bitcoin will EXPLODE!! Another pro bull market argument... The people with Shorts on please wake up, before you get margin called out, and we all have to feed you with our spare satoshis!  

And how do you propose the greeks are going to get bitcoin? Buy it with what, exactly?

Are you going to loan them some? Because that worked out real well for the Germans...

Get real man, if you are going to troll, do so with a sense of humour and irony. This is simply not trying hard enough. You Greek, by any chance? 

Its the irony of Bitcoin; once you realize you need it, you can't get any because nobody wants what you have to trade (your hyper-fiat)

[JimboToronto]

...

Hi Jeannie.

Main account banned?

[sAt0sHiFanClub]

Its the irony of Bitcoin; once you realize you need it, you can't get any because nobody wants what you have to trade (your hyper-fiat)

What, my hyper-fiat?

[Silverspoon]

...

Hi Jeannie.

Main account banned?

Hi sexy grampa!  How's your Cialis stash holding up?

[Silverspoon]

Its the irony of Bitcoin; once you realize you need it, you can't get any because nobody wants what you have to trade (your hyper-fiat)

What, my hyper-fiat?

Maybe in 50 years that thing will become cute, sorta like Messerschmitt KR