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

[rolling]

If you're counting profits in fiat, you're not doing it right.

[hyphymikey]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

just have a look when I registered and at my post history... should give a hint

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

[Hfertig]

Microbears are relentless, we must be on the brink of getting their shorts called.

you are right, the shorts in bitcoin are micro compared to the leveraged longs... Cant wait for the cascade 😂

Theyre still fairly high.. also we don't have data for OKCoin leverage AFAIK.

apart of OKCoin, btc-e and bitfinex there is not many venues to borrow bitcoin to go short, hence shorting is limited. Lots of opportunities to borrow fiat... loans, mortgages, credit cards, parents and so on...
and still more than 100.000 coins borrowed on bfx.

this is a house of cards...

A house of cards held up by hundreds of thousands of coins used for collateral for long positions. A house of cards which didn't collapse at 160 last time.

How much are you short hfertig?

I am probably less coins short than you are long... and compared to you I made a shitload of money in the last 18 month.
just wait until your collateral continues to devaluate by high interest and decline.

Why do i have a feeling that all who are bragging about how much money they made, actually made a very little in the opportunity like Bitcoin?

just have a look when I registered and at my post history... should give a hint

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

repeating myself... look at my post history and dont speculate. Yes I am short and I would love if I could talk the market down. And yes, I would love to pick up some cheap coins, but we are not near the double digit range, yet....

[bassclef]

The fact that you've been here this long, and are short right now, means you probably never knew what you were doing and actually made very little profits or lost everything. OR, you just are saying you are short to get others to short, so you can pick up cheap coins, and are smarter than we think you actually are.

Being short 80% from all time highs is the riskier trade. That's why not very many people are doing it now. There's an off-chance that we'll see $200 again, but taking risks like that is how you blow up your trading account.

[BayAreaCoins]

Not as good of a Monday as I would have hoped for... I think we down trend for a bit this evening.

Shit was getting absorbed pretty well in the high $230's anyways.

[Stevenirving]

Clear move back to 239ish. Early tomorrow we should see at least 246.5.
No idea after that.

[Morecoin Freeman]

I'm afraid to buy-in because we seem to fall every time we touch ~245, but not by enough to risk going short... So I'm making NO money...

I hope the market makes a strong move in either direction by Wednesday.

[LFC_Bitcoin]

I'm afraid to buy-in because we seem to fall every time we touch ~245, but not by enough to risk going short... So I'm making NO money...

I hope the market makes a strong move in either direction by Wednesday.

Really does seem that somebody or a few very controlling players don't want us to go above 250 doesn't it.
We've been floating around 230-250 for ages now, getting boring.
This is going to have to go one way or the other soon, it just has to.
I bet there's a couple of whales buying a shit load of coins at 230's & dumping every time we get near 250.

Easy money if you have massive capital.

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

I don't see anyone trying to control anything here. You would see it in the volume. All I see is slow drift up on tiny volume, dropped back towards 240 on small selling.

GBTC volume was less than impressive today. Nasdaq Private Market news was nice, but pretty meaningless for near term price levels. Another bit of evidence that wall street skepticism and disdain is fading though.

Best short term strategy to stave off the boredom seems to be trying to trade the chop with play money.

[ChartBuddy]

Coin
Explanation

[Wandererfromthenorth]

Better to wait for the end of the mid-range choppiness and then pepper thy angus for the upcoming crash


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or be ready to go long if the log resistance trend line from the ATH gets breached.

[White sugar]

 in 48hours price will be:

243.71

(coincidence or not, the same price as now)

[Capt Drake]

It's the self fulfilling prophecy, the majority of traders think that certain price will be hit then the market hits the target

lol

[ChartBuddy]

Coin
Explanation

[Karpeles]

bulls and bears trolls all quiet.

Signs of a big sideline?

[Chef Ramsay]

bulls and bears trolls all quiet.

Signs of a big sideline?

No kidding, there's more action at a seminary then around here these lately. No more ten plus pages per day until something gives.

[ChartBuddy]

Coin
Explanation

[BlindMayorBitcorn]

bulls and bears trolls all quiet.

Signs of a big sideline?

No kidding, there's more action at a seminarycemetery thenthan around here these lately. No more ten plus pages per day until something gives.

Don't forget to whistle past the graveyard. It gives the ded something to do.

[ChartBuddy]

Coin
Explanation