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

[L0uis]

West double bottomed

[relm9]

On finex the stairstep walls are back also... probably from a single whale. Obvious manipulation

[Sturgeon]

West double bottomed

i hope we can hit double top
so we can hit $500 again

it's very ekstream bitcoin rate, price very low

[gizmoh]

Crazy volume on Finex  

Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower.

Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market..

[Cconvert2G36]

Crazy volume on Finex  

Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower.

Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market..

Why would you pile on the visible ask side if your goal was to cash out at the highest price?

[ynef]

For the last 2 nights I've had a dream about BTC dropping to $0. True story.

[gizmoh]

Crazy volume on Finex  

Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower.

Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market..

Why would you pile on the visible ask side if your goal was to cash out at the highest price?

He is an avid trader.. Expect cheap coins but wouldn't mind unloading at $400! Some people forget $400 was not seen for a long time..
China Fomo game has ended. Chinese will be scared to fomo buy as this guaranteed up has ended.

[Fatman3001]

Holy shit... Didn't see this coming...
Bought back while sleeping at 400$ with leverage, now I just woke up and 50% of my yesterday's profits went pufff...
Oh well, at least I'll get some sleep...

That "pit pat piffy wing wong wang" can be tricky.

[Mervyn_Pumpkinhead]

Willy2 isn't selling yet. It's just turned off for some of days, so gravity would do it's thing and it could continue from a more comfortable spot.

[ynef]

Chinese will be scared to fomo buy as this guaranteed up has ended.

I think there's a pretty good chance that it will start up again, bigger this time, when people realize it's a perfect time to buy. Especially after they look at those fat breakout candles from two days ago. I guess today's candle is vital for this.

[Cconvert2G36]

Crazy volume on Finex  

Also, the sell wall is peaking 35k coins now (mainly one entity) but still heavy resistance to going any lower.

Entity is selling for real this time.. Hows is he gonna unload 20k in this thin market..

Why would you pile on the visible ask side if your goal was to cash out at the highest price?

He is an avid trader.. Expect cheap coins but wouldn't mind unloading at $400! Some people forget $400 was not seen for a long time..
China Fomo game has ended. Chinese will be scared to fomo buy as this guaranteed up has ended.

If he's an avid trader he shouldn't chase bids away from his asks, but I suspect accumulation. Who knows though, we've had people place a 30k at $300 and just let it get eaten. 

[gizmoh]

Chinese will be scared to fomo buy as this guaranteed up has ended.

I think there's a pretty good chance that it will start up again, bigger this time, when people realize it's a perfect time to buy. Especially after they look at those fat breakout candles from two days ago. I guess today's candle is vital for this.

There's a massacre of margin call on okcoin and futures, bulls are hurt and all in. Shorts are already out, nothing to cover for.  The aura of new bull trend has turned into a pump and dump game.  The new bitcoin buyers  are irrational gamblers that will bail out at any sign of weakness.
 
Serious investors will reconsider this investment proposition. 

Sorry to break the bullishness guys!

[ChartBuddy]

Coin

Explanation

[Fatman3001]

Chinese will be scared to fomo buy as this guaranteed up has ended.

I think there's a pretty good chance that it will start up again, bigger this time, when people realize it's a perfect time to buy. Especially after they look at those fat breakout candles from two days ago. I guess today's candle is vital for this.

There's a massacre of margin call on okcoin and futures, bulls are hurt and all in. Shorts are already out, nothing to cover for.  The aura of new bull trend has turned into a pump and dump game.  The new bitcoin buyers  are irrational gamblers that will bail out at any sign of weakness.
 
Serious investors will reconsider this investment proposition. 

Sorry to break the bullishness guys!

[Mervyn_Pumpkinhead]

The new bitcoin buyers  are irrational gamblers that will bail out at any sign of weakness.
 
Serious investors will reconsider this investment proposition. 

Sorry to break the bullishness guys!

Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions.

[ynef]

Serious investors will reconsider this investment proposition. 
Sorry to break the bullishness guys!

It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point.

[ynef]

Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions.

Exactly this. Since Gemini and NYSE are now in the game, it's normal to have such volatility. We've been going sideways for too long anyway.

[_biO_]

The new bitcoin buyers  are irrational gamblers that will bail out at any sign of weakness.
  
Serious investors will reconsider this investment proposition.  

Sorry to break the bullishness guys!

Buying and selling these swings is the rational thing to do. Just holding and thinking that it's for some greater good is just a case of bad timing mixed with delusions.

The difference is: In the end you want to hold fiat, while other people want to hold bitcoin then. Your implied assumption is that bitcoin fails eventually, while others see it succeed big time.

If you're in the first group, you statements make somewhat sense. If you are in the latter group, you're better off just acquiring a decent stash of bitcoins.

[AmazonStuff]

Good morning! 375 resistance still resisting, still in the channel, descending triangle, a lot of movement without any significant news, auction happening today.

[_biO_]

Serious investors will reconsider this investment proposition.  
Sorry to break the bullishness guys!

It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point.

This is the "april 2013 bubble" in preperation for the real thing in a few months, proving that the coming halvening has not been priced in in any meaningful fashion.