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

[BitofaN1]

Hmm... That's a weird looking 8.4k volume spike on Houbi.

[dakota neat]

Time for us to move up..

 

[Topbanker]

[ChartBuddy]

Coin
Explanation

[Fakhoury]

Time for us to move up..

Why Inca ?

[rememberme]

Because i am the bull remember? 

[Gyrsur]

because of 38.2 % fibo retracement level and double bottom 1h chart bitstamp.

[inca]

Just a feeling Fakhoury.

Since the downtrend was broken the market is behaving differently. We are basing here and each successive repulsion of 270 means another retest of 300 is more likely. We are still in a bullish upmove and a breakout from this latest triangle - if up - should definitively break 300. Whilst we remain in the triangle all moves are noise.

Furthermore, there is no build up of speculative shorting, despite extremely low borrowing rates for btc to be lent out and sold into the open market. The reason for this is that market participants do not want to risk leveraged selling into this market because no one believes the price will crash and those that did were wiped out with repeated price surges from 219 to 316. Also, even though the orderbook is a mirage of true supply and demand, it is supporting the price and is superficially incredibly bullish.

Remember the halving isn't far away. Ignore the trolls and keep your position.

[inca]

In a way it is a shame that most of the bears got caught short in this upswing. We have lost the balance of a bearish perspective and been left with just bulls and vapid trolling.

Bitcoin may be entering the 2012-like graveyard recovery, boring it's way to a bull market.

[ChartBuddy]

Coin
Explanation

[Gyrsur]

have the impression the forum becomes more and more attractive for guys which are working in financial institutes since the financial industrie fall in love with the blockchain. if I were they I would also troll the enemy.

[Fakhoury]

Just a feeling Fakhoury.

Since the downtrend was broken the market is behaving differently. We are basing here and each successive repulsion of 270 means another retest of 300 is more likely. We are still in a bullish upmove and a breakout from this latest triangle - if up - should definitively break 300. Whilst we remain in the triangle all moves are noise.

Furthermore, there is no build up of speculative shorting, despite extremely low borrowing rates for btc to be lent out and sold into the open market. The reason for this is that market participants do not want to risk leveraged selling into this market because no one believes the price will crash and those that did were wiped out with repeated price surges from 219 to 316. Also, even though the orderbook is a mirage of true supply and demand, it is supporting the price and is superficially incredibly bullish.

Remember the halving isn't far away. Ignore the trolls and keep your position.

Thank you Inca, Gyrsur and rememberme for elaboration.

Don't worry Inca, I don't know if you know yet or not, I'm long-term holder and I will NEVER change my position, I just like to keep motivated and understanding, from you specially

[Meuh6879]

not take many time now ... http://www.zerohedge.com/news/2015-08-06/economy-probably-sucks-if

[sAt0sHiFanClub]

have the impression the forum becomes more and more attractive for guys which are working in financial institutes since the financial industrie fall in love with the blockchain. if I were they I would also troll the enemy.

If they are then its purely as a source for witty dinner party anecdotes.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Just a feeling Fakhoury.

Since the downtrend was broken the market is behaving differently. We are basing here and each successive repulsion of 270 means another retest of 300 is more likely. We are still in a bullish upmove and a breakout from this latest triangle - if up - should definitively break 300. Whilst we remain in the triangle all moves are noise.

Furthermore, there is no build up of speculative shorting, despite extremely low borrowing rates for btc to be lent out and sold into the open market. The reason for this is that market participants do not want to risk leveraged selling into this market because no one believes the price will crash and those that did were wiped out with repeated price surges from 219 to 316. Also, even though the orderbook is a mirage of true supply and demand, it is supporting the price and is superficially incredibly bullish.

Remember the halving isn't far away. Ignore the trolls and keep your position.

Thank you Inca, Gyrsur and rememberme for elaboration.

Don't worry Inca, I don't know if you know yet or not, I'm long-term holder and I will NEVER change my position, I just like to keep motivated and understanding, from you specially

Good lad Fakhoury, hold your position as always. Keep quietly accumulating whilst prices are still fairly low. One day we'll look back on these times as basically being given free money

Keep learning & keep HODLING (from a guy in a pretty identical position to yourself).

[rjclarke2000]

Me too. Nerves of steel.

I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics

[Fakhoury]

Just a feeling Fakhoury.

Since the downtrend was broken the market is behaving differently. We are basing here and each successive repulsion of 270 means another retest of 300 is more likely. We are still in a bullish upmove and a breakout from this latest triangle - if up - should definitively break 300. Whilst we remain in the triangle all moves are noise.

Furthermore, there is no build up of speculative shorting, despite extremely low borrowing rates for btc to be lent out and sold into the open market. The reason for this is that market participants do not want to risk leveraged selling into this market because no one believes the price will crash and those that did were wiped out with repeated price surges from 219 to 316. Also, even though the orderbook is a mirage of true supply and demand, it is supporting the price and is superficially incredibly bullish.

Remember the halving isn't far away. Ignore the trolls and keep your position.

Thank you Inca, Gyrsur and rememberme for elaboration.

Don't worry Inca, I don't know if you know yet or not, I'm long-term holder and I will NEVER change my position, I just like to keep motivated and understanding, from you specially

Good lad Fakhoury, hold your position as always. Keep quietly accumulating whilst prices are still fairly low. One day we'll look back on these times as basically being given free money

Keep learning & keep HODLING (from a guy in a pretty identical position to yourself).

You are my brother Liverpool Football Club  

Don't worry, and as I told you before, I'm not looking for few months or years, it's my entire life investment, for me and my family.

And believe it or not, I'm thinking EVERYDAY about the party I've told you about, even if nobody will come, I will send you the airline tickets and to enjoy some sinful days here  

Wish you all the best my dear brother and best friend

[Fakhoury]

Me too. Nerves of steel.

I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics

Same here.

Zero or Hero, and I'm all in and I didn't regert and will not regert.

[LFC_Bitcoin]

Me too. Nerves of steel.

I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics

Well yeah there is that.......
I don't really want to think about the money I've invested in bitcoin. It's gone now. We all invest for the hope of a better life one day. I'd rather to quote 50 Cent - 'Get Rich Or Die Trying'


Seriously though, nobody ever became wealthy by playing it safe. Who wants to stick their savings in a crappy fiat banking system with awfully low interest rates. Even if bitcoin doesn't 'go to the moon' we should be looking to at lesst double our investment as a result of the halving next summer if not the halving 4 years after that.

You are my brother Liverpool Football Club  

And believe it or not, I'm thinking EVERYDAY about the party I've told you about, even if nobody will come, I will send you the airline tickets and to enjoy some sinful days here  

Wish you all the best my dear brother and best friend

I've already told you I'm in on that