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

[HI-TEC99]

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Don't listen to what others say about the market. Listen to what it tells you about itself.

Whoa, going to deep bro, 2 DEEP.

Anyways what is the four punch raiders thing? Someone just posted about their little gang of 4 manipulates the market by punching it?

There is a thread about it where billyjoeallen explains it.

https://bitcointalk.org/index.php?topic=956051.0

[bassclef]

Don't listen to what others say about the market. Listen to what it tells you about itself.

It's sometimes hard to hear what it tells you about itself because of the deafening clamor about 4 punch raiders, Elliott waves, monkeys, MACD, teacup leaves, astrology, etc.

 

Jimbo gets it. Trade on facts, which is price and volume. You don't need much else, except to keep tabs on the traders who fill their charts with indicators

[tarmi]

"high volume" seems to be the word of the day.

china bought tens of thousands and we moved like +10 Chia money.

that buying support at bitfinex is laughable.

and yes this was the short squeeze. I feel sorry for that guy who closed it all the way to 255.

a few hundred shorts closing a squeeze

stronger hands took over those shorts like instantly.

 

i sincerely hope they are strong and sturben hands

maybe they can double down on there sure bet at 275

then get fucked at 350

[adamstgBit]

any minute now, tarmi will realize that he needs to double down on his short.

[damiano]

any minute now, tarmi will realize that he needs to double down on his short.

Nah, he stated earlier he is waiting for higher prices which i'm sure he will get in a few hours.

[Bitcoiner_cph]

are those 2 times 200 BTC sells on Bittinex real, in the sense will they stay=??? if so, it looks like we are going down in price??

[damiano]

are those 2 times 200 BTC sells on Bittinex real, in the sense will they stay=??? if so, it looks like we are going down in price??

If they wanted to take it below 250 they could of done so hours ago... Also if they are going to short it would be done a bit higher

[Bitcoiner_cph]

meaning?

[bassclef]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

[8up]

Yes, it was my mistake!!

Anyway we still are heading down.... to like 10$ pr coin in -.... lets say 20 min??? hehehehhe just kidding.... I cannot predict the future.... I don't even understand how the leverage rates that you guys post affect the market?

I just have a got feeling that we are continuing in an down trend... and if not, I will loose my bet.. that's the truth.

Last week you told us you see bitcoin only going up. While most people told you that this might not happen. Now you are speculating on lower prices. Don't get fooled by the market forces.

We are in uncertain terrain, currently. And I believe we won't pass it very soon. After that, either direction is possible. I tend to believe, that if we touch $210 we could see a heavy flashcrash (recent longs margin called) with almost imediate recovery. But we could also see a rise from here (we already visited $235) or possibly some bucks lower.

tl:dr; Keep some ammo. The market is completly uncertain atm. Observe what's happening. Don't jump on every bandwagon.

[ChartBuddy]

Coin
Explanation

[Dump3er]

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Lawl, four punch raiders. You really put a attention to some random guy, who not even has any knowledge about trading and is writing some weird-random theories about market manipulation? The only thing he saw, was some ews and he wasn't able to grasp what it is, so he made his theories.

You should better read some stuff about Elliot Waves, Resistance & Support, Chart Patterns or whatever.

[Bitcoiner_cph]

Yes, it was my mistake!!

Anyway we still are heading down.... to like 10$ pr coin in -.... lets say 20 min??? hehehehhe just kidding.... I cannot predict the future.... I don't even understand how the leverage rates that you guys post affect the market?

I just have a got feeling that we are continuing in an down trend... and if not, I will loose my bet.. that's the truth.

Last week you told us you see bitcoin only going up. While most people told you that this might not happen. Now you are speculating on lower prices. Don't get fooled by the market forces.

We are in uncertain terrain, currently. And I believe we won't pass it very soon. After that, either direction is possible. I tend to believe, that if we touch $210 we could see a heavy flashcrash (recent longs margin called) with almost imediate recovery. But we could also see a rise from here (we already visited $235) or possibly some bucks lower.

tl:dr; Keep some ammo. The market is completly uncertain atm. Observe what's happening. Don't jump on every bandwagon.

When we broke the uptrend on the 1w chart, I reversed my expectations from bullish to bearish. I agree with you that everything can happen. It the trend stay bearish and the pathner since the ATH continues, then we should see a new low at 100-120ish. In general and in the long term, I believe in Bitcoin, so I am always bullish on Bitcoin (atleast until something better comes, if ever), but since ATH, the market have been bearish and it could continue.

[damiano]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

It opens the doors for people who don't wish to open up a Coinbase / Circle / Gemini account.  Owning btc without the hassle of having a wallet is a plus for a lot of americans.

[damiano]

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Were far from a real short squeeze.  If anything were closer to a long (probably a lot of stop losses in the 220's)

[bassclef]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

It opens the doors for people who don't wish to open up a Coinbase / Circle / Gemini account.  Owning btc without the hassle of having a wallet is a plus for a lot of americans.

Exactly. Which is why if these paper securities take off, anyone actually smart enough to own and secure a modest amount of bitcoins (which unlike metals, are provable in ownership and supply) will automatically become a market maker of sorts in an exciting new marketplace in the future if they choose to be.

Seems farfetched now, but is it really? Why do you think whales are jerking the market around to increase their holdings? They want to retire in a few years.

[tarmi]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

you sure sound like a pro with remarkable understanding of how markets work and who is able to catch the slightest whisper coming from the order books.

but "professional interest from Wall St" and penny stock trading in one post? is that a wall street joke/sarcasm or something?

[hdbuck]

could we get sub100$ yet? just to get it over with ya know.

edit: ah nevermind.. halving still 1,5 year ahead.

[Fatman3001]

could we get sub100$ yet? just to get it over with ya know.

Nah, the price is right

[Thebestinvestment23]

http://s1.dlnws.com/files/BeanieBabiesPriceTrend.jpg