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

[inca]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars then you probably have enough to just buy the price higher. Let's be real - a single 3 million dollar market buy would take us up and over 300 instantly.

Smart money who know what is coming have been gradually building long positions for weeks, ever since the high volume reversal in January.

Retail is shorting bitcoin almost back to all time high territory in terms of contracts. This always happens to stubborn traders who lose objectivity after being correct for so long when the trend is changing. They get burnt badly.

[Torque]

I've been a Ripple supporter for a long time and just find this link on xrptalk, I really think it's dead now because of founder initial xrp stash they didn't manage to deal with that properly, I'm out of XRP now.

http://www.pdf-archive.com/2015/04/02/dist-n-d-cal-3-15-cv-01503-1/

no wonders ripple gimpled out into a free-fall.

Ripple has been a typical PnD since November 19th.  The pumpers will just continue walking it down, back down to pre-pump levels.

Surprised people keep falling for the Ripple scam, over and over again.

[tarmi]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars

you need a lot of coins that someone probably bought < 10 $ to go long 24 mil.

get it?

those millions are not real.

[inca]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars

you need a lot of coins that someone probably bought < 10 $ to go long 24 mil.

get it?

those millions are not real.

They are as real as the coins being used to short the price.

[dannyspk]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

[SnokkomBTC]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars

you need a lot of coins that someone probably bought < 10 $ to go long 24 mil.

get it?

those millions are not real.

''those millions are not real''

LOL

[Wandererfromthenorth]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

[billyjoeallen]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars then you probably have enough to just buy the price higher. Let's be real - a single 3 million dollar market buy would take us up and over 300 instantly.

Smart money who know what is coming have been gradually building long positions for weeks, ever since the high volume reversal in January.

Retail is shorting bitcoin almost back to all time high territory in terms of contracts. This always happens to stubborn traders who lose objectivity after being correct for so long when the trend is changing. They get burnt badly.

24K BTC swaps. Last time that happened we damn near broke $300.

[Wandererfromthenorth]

IMHO BTC is still in midrange, no real breakout yet.
It is forming a triangle/pennant with a top at $255 (that would be the breakout point I guess)

Unless it breaks right now (but I doubt), breakout/breakdown will happen in about one or two weeks.

[tarmi]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

If you have enough money to go long with 24 million dollars

you need a lot of coins that someone probably bought < 10 $ to go long 24 mil.

get it?

those millions are not real.

They are as real as the coins being used to short the price.

who cares about coins bought for a dollar and used as a collateral at 250 $ for 24 mil?

[LFC_Bitcoin]

Next stop 260?

[inca]

I'm off out for some food and a beer. I guess the shorters can't venture too far from their keyboards

[billyjoeallen]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

[galdur]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

[thefunkybits]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

A highly leveraged exchange provides extreme liquidity for buyers  (also sellers) not using leverage.  It seems that someone is taking advantage of this high leverage and buying coins with very little slippage

[tarmi]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

[Wandererfromthenorth]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

[Natalia_AnatolioPAMM]

Next stop 260?

would be nice

[thefunkybits]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)

[ChartBuddy]

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Explanation