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

[aminorex]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

I ask again, has your monkey got this bitcoin thing down yet?  I know he/she was a bit weak several months ago.

Definitely improving.  This year he wanted me to buy at 200 on 1/20, and at 215 on 2/10, then wanted me to sell at 292 on 3/11.
I wasn't paying attention at the time, though.  Right now, intraday, he thinks it goes up for an hour or two, then pulls back.  He
sees near-term resistance at 272 and support in the 242-253 range, pegs daily support at 236-245, and says it will turn up by
Tuesday.  (He's constantly adjusting, until he makes a buy or sell signal, then he stands pat and lets price decide if he was
right or wrong.)

On a weekly basis he says the buy point was 2/1, expects a few more weeks of up-trend, and again sees resistance at 378-380,
but allows that it may not turn, but only take a correction, to end the contiguous trend.

 

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[cbeast]

This is what happens when you try to hold down a bull.

Guy in the hat be like "I'm goin' over there to short altcoins."

[Chef Ramsay]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

[ChartBuddy]

Coin
Explanation

[inca]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

Tarmi just talks his book. Good luck to him.

Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.

I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.

Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!

[Fatman3001]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

Tarmi doesn't know anything more than the rest. If you shout "down! down! down!" long enough, eventually you're gonna be right. And for the last 15 months it's not like you've needed to be particularly gifted to think it's going in that direction.  It looks like someone, or simply the market, wanted the price down to a point where there is buying pressure, let's hope this is it. If what we saw was someone painting candles, we might be heading up again real fast. But for now it will be interesting to see if 260 will hold.

[inca]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

Tarmi just talks his book. Good luck to him.

Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.

I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.

Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!

24 hours ago at 252, I asked "buy or dont buy." Noone responded. I ask you tonight Inca at 265, Buy or dont buy??

I never give trading advice. There are times during extreme market moves when it seems obvious. Now isn't one of them

That said I think a retest of 270's is likely after strong buy support and a triple bottom. Though if entering with leverage I would wait for a better entry! If buying for stash go for it

[ChartBuddy]

Coin
Explanation

[Swordsoffreedom]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

Tarmi just talks his book. Good luck to him.

Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.

I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.

Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!

24 hours ago at 252, I asked "buy or dont buy." Noone responded. I ask you tonight Inca at 265, Buy or dont buy??

I guess its worth a shot
Considering that it was at 300 a while ago and dropped down

[Chef Ramsay]

Interesting times but tarmi is in bed or ghost like I'd expect. tarmi ran his mouth earlier and had many peeps thinking we're going down but it's only casually went up. Any thoughts on things going south or his sho*t going north?

Tarmi just talks his book. Good luck to him.

Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.

I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.

Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!

Scharmi guessed wrong big time tonight so that's the point here. Prices are moving up and tomorrow could change but that will be then. the signal he sent tonight was pompous and crap.

[Cconvert2G36]

Everybody's free to an opinion. And Tarmi does put at least some of his trades on the record.

I tend to agree with his qualms about the amount of margin fueling the runs at 300, and the defense of 250.

But now we have spiking shorts, a triple "bottom", a valiant bull whale. As usual, this coin is a fickle mistress.

[galdur]

Definitely more strength in BTC lately. The turnaround seems to have been around 225 what six weeks ago. It could drop to that level but I believe that the market has determined a new floor at about 250.

[cmacwiz]

Who the heck is the tarmi/scharmi people are talking about? I  say we are gonna benefit as the dam (USD) begins to crack and will see $300  at 2:30am PST 3/22/2015

[galdur]

Who the heck is the tarmi/scharmi people are talking about? I  say we are gonna benefit as the dam (USD) begins to crack and will see $300  at 2:30am PST 3/22/2015

Yeah, the greenback could drop by 10% one of these days. It has priced in the June FED hike about ten times over and is starting to look mighty wobbly.

[JimboToronto]

Who the heck is the tarmi/scharmi people are talking about?

He's a bear who makes a lot of bearish posts, and has been caught in the occasional fib.

He's always polite and never resorts to name-calling though. I wouldn't call him a troll despite his extreme  and constant bearishness.

I think he's just talking his book and dreaming of cheaper coins.

[Cconvert2G36]

Jab acknowledged.

Let's put it this way.

This place can be just as annoying when it is filled with only moonbooters, as when filled with ponies and lambs.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Who the heck is the tarmi/scharmi people are talking about?

He's a bear who makes a lot of bearish posts, and has been caught in the occasional fib.

He's always polite and never resorts to name-calling though. I wouldn't call him a troll despite his extreme  and constant bearishness.

I think he's just talking his book and dreaming of cheaper coins.

bitfinex order book is looking really bad.

3 k till 230.

if we go under 210 sell everything.

Yet it refuses to go any lower! I know you're probably extremely short right now, possible on margin, but I hope you've set your stops accordingly...

I hope he is short on leverage and gets burnt badly. He used to be sort of a good read but nowadays it's getting close to trolling. I don't have to read what he has to say, there is nothing new. He's morphing into LambShroomie. Maybe he fears a bull market and misses 2014. But this is getting old quick.

of course you do fatty, because you are on the opposite side of the market. I am taking your money right now.

[maku]

Definitely time to buy some bitcoin. This drop was a nice indication of price correction. I think price’s next move will tell us something
about the direction of the larger trend bitcoin will follow. But like I said. Definitely good time to buy, price might rise fast again.

[Cconvert2G36]

And see I thought your name was referencing a certain fission device.

Believe me, if the market goes your way and bitcoin succeeds, you will cherish tarmi's posts.