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

[damiano]

Whats the next major support level after $240-$242?

$235-$236 ? then $228?

We get it, you are short. No need to push it Damiano.

Also those three chartists you mentioned are just following the trend. They (perhaps correctly) will continue to predict the price is going down until the exponential trendline is broken. How many chartists predicted the last two bubbles?

I play both sides of the field 

[otherdarer]

I ignore people who dare to talk about the facts ..

http://www.leblogdesrapportshumains.fr/wp-content/uploads/2013/05/Autruche.jpg
http://img.thisismoney.co.uk/i/pix/2011/05/Ostrich_203x150.jpg

[Fatman3001]

Whats the next major support level after $240-$242?

$235-$236 ? then $228?

We get it, you are short. No need to push it Damiano.

Also those three chartists you mentioned are just following the trend. They (perhaps correctly) will continue to predict the price is going down until the exponential trendline is broken. How many chartists predicted the last two bubbles?

If he believes we're going down I don't see the problem. WO must be open to others than retards like you and me who can only make money on bubbles.

[spooderman]

Can we make a github for the list?

[griffinriz]

its getting boring .......

[damiano]

Whats the next major support level after $240-$242?

$235-$236 ? then $228?

We get it, you are short. No need to push it Damiano.

Also those three chartists you mentioned are just following the trend. They (perhaps correctly) will continue to predict the price is going down until the exponential trendline is broken. How many chartists predicted the last two bubbles?

If he believes we're going down I don't see the problem. WO must be open to others than retards like you and me who can only make money on bubbles.

I enjoy reading and researching TA on both sides of the spectrum.  There needs to be a balance of both bears and bulls within this thread.  The trolling on the other hand is difficult to tolerate (I don't have anyone on ignore) occasionally nlc will post something that will make me laugh. 

[Fatman3001]

Whats the next major support level after $240-$242?

$235-$236 ? then $228?

We get it, you are short. No need to push it Damiano.

Also those three chartists you mentioned are just following the trend. They (perhaps correctly) will continue to predict the price is going down until the exponential trendline is broken. How many chartists predicted the last two bubbles?

If he believes we're going down I don't see the problem. WO must be open to others than retards like you and me who can only make money on bubbles.

I enjoy reading and researching TA on both sides of the spectrum.  There needs to be a balance of both bears and bulls within this thread.  The trolling on the other hand is difficult to tolerate (I don't have anyone on ignore) occasionally nlc will post something that will make me laugh. 

None on ignore? You really are a Hero Member.

[Ask Ken About Love]

...
"THE LIST"

Code:

fonzie <==Always called it right, winner of Guess BTC price contest, is funny & intelligent; makes troll list
fonSie <==Fonzie's personal troll; not on list because bulltarded

Instructions for Newbies:
Ignore bulltards, they just want your $$$!  

http://wp.production.patheos.com/blogs/freedhearts/files/2014/06/hall-monitor-1.jpg?w=300

[Norway]

Presto!
No more trolls! 

Nice! This works!

[ChartBuddy]

Coin
Explanation

[12345mm]

[sporket]

^Have you seen the charts today?  I'd be pissed if I had real money in BTC right now too.
Just give them some room, they'll tire themselves out eventually,

[hyphymikey]

I wonder what the ask walls at Bitfinex would look like without all those leverage longs that are put up for sale.

Anybody ever notice how the price drops, then longs increase, then ask depth rises immediately after?

It's pretty smart actually, you create the illusion of sell pressure, and if the price rises on you the only thing that happens is your longs close a few dollars higher than what you opened them for. All that and you never risk your own money. No wonder Bitfinex has so much volume and longs open that never seem to close.

[12345mm]

^Have you seen the charts today?  I'd be pissed if I had real money in BTC right now too.
Just give them some room, they'll tire themselves out eventually,

ehhh i'm kind of fucked over as well at this point ... definitely missed out on some potential gains as of late ... but in general i don't have enough of a horse in the race to care too terribly much one way or another and am mostly a morbidly interested spectator ... for all the recent fuckedness i'm at least still in the black playing with mostly house money ... i'd lose if we went below like 100 or something i guess ... in any case it is funny to poke at the folks losing huge amounts in short periods of time that's for sure ... if i had more than 1000 btc or so i'd definitely be losing my shit for sure ... the ol pc would be flying out the window ...

[itod]

I wonder what the ask walls at Bitfinex would look like without all those leverage longs that are put up for sale.

Anybody ever notice how the price drops, then longs increase, then ask depth rises immediately after?

It's pretty smart actually, you create the illusion of sell pressure, and if the price rises on you the only thing that happens is your longs close a few dollars higher than what you opened them for. All that and you never risk your own money. No wonder Bitfinex has so much volume and longs open that never seem to close.

It makes no sense, how do you not risk your own money? What happens if real sell pressure is applied? Your asks are never matched and your longs get closed with huge loss. I don't see how this can work except by pure luck (sometimes).

[Meuh6879]

ok, go back to 225 euros in the next hour.

[hyphymikey]

I wonder what the ask walls at Bitfinex would look like without all those leverage longs that are put up for sale.

Anybody ever notice how the price drops, then longs increase, then ask depth rises immediately after?

It's pretty smart actually, you create the illusion of sell pressure, and if the price rises on you the only thing that happens is your longs close a few dollars higher than what you opened them for. All that and you never risk your own money. No wonder Bitfinex has so much volume and longs open that never seem to close.

It makes no sense, how do you not risk your own money? What happens if real sell pressure is applied? Your asks are never matched and your longs get closed with huge loss. I don't see how this can work except by pure luck (sometimes).

What I mean is that if you only sell your coins to push the price down and the price goes up you buy back in at a loss. BUT, if you sell coins, some to yourself (to open leverage longs), pushing the price down, you can then put those longs for sale to "create" even more sell pressure, driving the price further down where you can get your "manipulated" cheap coins. If the price goes up on you, those longs you opened will make money, covering the small amount you dumped to try to jump start the panic.

If real sell pressure is applied that means it worked and you can buy cheaper.

The only way this doesn't work is if they don't have huge collateral, and we are talking about whales here, so they cover their own asses. They don't get squeezed like small fish. They can easily push the price back up to close their longs if it doesn't naturally. That's why you see the ask walls on finex vanish as the price moves up. They are just moving their longs for sale to a higher price to get more profit.

[ChartBuddy]

Coin
Explanation

[BlatchMajorBitstaff]

Screw it! I'll take two

https://40.media.tumblr.com/1fb9fbe0f5799625c9162272b0349909/tumblr_mq5xx3saIG1r9a32bo1_500.jpg

[12345mm]