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

[ChartBuddy]

Coin
Explanation

[freebit13]

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

I'm hoping that as bitcoin spreads into more hands, it will become more difficult to affect the market so easily. Let's hope that they get their coins soon and stop manipulating the price down and we can watch it float upwards.

Edit: P.S. just go back to the first few pages of this thread and see what we've come through so far 

[LFC_Bitcoin]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

[ChartBuddy]

Coin
Explanation

[dakota neat]

sell. you won't get a better price. we will continue with strategic dumps, ddos and propaganda to avoid adoption. the fiat system needs to be protected. give up.

[BitThink]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

[marcus_of_augustus]

sell. you won't get a better price. we will continue with strategic dumps, ddos and propaganda to avoid adoption. the fiat system needs to be protected. give up.

you and who's trailer army?

[ChartBuddy]

Coin
Explanation

[findftp]

... until bitcoin dies.

Hahahahaha.
Was enjoying your tile untill this sentence.
Good laugh.




still laughing

[freebit13]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

I agree, the 1w MACD is looking good right now, it's going to be interesting to see what happens when the lines finally cross... we're almost there 

[aztecminer]

I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?

I'm hoping that as bitcoin spreads into more hands, it will become more difficult to affect the market so easily. Let's hope that they get their coins soon and stop manipulating the price down and we can watch it float upwards.

Edit: P.S. just go back to the first few pages of this thread and see what we've come through so far 

yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.

[rjclarke2000]

Disappointing that we seem to be getting dumped on. Really hope we can hold in the 260's. I don't want to see 250's & 240's ever again to be honest. The next move is kind of critical, I have literally no idea which way we'll go though.
It doesn't seem as clear as it was looking a day or two ago.

Zoom out. Look at the 3day or even the week line. Then you will have a better idea.

I agree, the 1w MACD is looking good right now, it's going to be interesting to see what happens when the lines finally cross... we're almost there 

Can someone explain what the 1w MACD is please?

Thanks

[freebit13]

Can someone explain what the 1w MACD is please?

Thanks

It's the 1 week Moving Average Convergence Divergence: http://www.investopedia.com/terms/m/macd.asp

[freebit13]

yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.

Yeah I've had this feeling for a long time now, probably since last year where it seemed that someone was trying to keep the price down just as it was recovering from the Gox debacle, that's why I've been elsewhere for the last few months, it was too sad to watch  

Edit:
You can see how they have been smashing the 3d MACD since June last year. They've managed to keep it under for a year, but it looks like things have been changing since that big red dildo on Jan 14th.


Well, that's my theory anyway.

[ejinte]

See? Told ya we'd bounce off of $270. Next stop, $284.

Nah, podyx is right as usual.

[Sitarow]

[ChartBuddy]

Coin
Explanation

[xxxxxzzzzz]

... until bitcoin dies.

Hahahahaha.
Was enjoying your tile untill this sentence.
Good laugh.




still laughing

yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.

Yeah I've had this feeling for a long time now, probably since last year where it seemed that someone was trying to keep the price down just as it was recovering from the Gox debacle, that's why I've been elsewhere for the last few months, it was too sad to watch  

Yeah hahaha, sorry about that, accidental fud I guess, my bad. Happy to provide a laugh. I meant that sarcastically/ironically to insult the shorters (who seem utterly fucking hellbent on crashing price, in spite of the *majority of people* who seem to all want it to go up and expect significantly greater prices). Of course bitcoin cannot die, it's software, it can however be devalued by 200:1 and stagnate there perpetually until obscurity (worst case disaster scenario fundamental tech issue only, of course). I have a tinfoil cowboy hat somewhere out in the garage, so I wouldn't argue against the possibility of intentional suppression of the bitcoin price for geopolitical reasons, rather than for individual profit motive. I'd rather hope it's for profit reason and not political though, hedge fund managers/wealthy individuals are likely better for everyone to be the cause than governments/banks - the former will eventually or occasionally want upward movement, the latter would likely only want total failure.

[DonQuijote]

Will go down for multiple days imo.
I've been around long enough to recognise the patterns.

There is NO real pattern, here.   

BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures.  This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously.

The pattern is the magic number $266.

We might be stuck here for a while if nothing pushes it up quickly.

There are a important wall, and "miners ROI wall" @ 220

[Sitarow]