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

[ghandi]

finex trying to stand it's ground at $350 with ~1300BTC

[Tmdz]

Do you think there's an imminent dump also considering the auctioned coins?

That's what I'm wondering, if these are auction coin entering the market that not really a bad thing being we are getting our btc back from the government.  

[Sitarow]

[ChartBuddy]

Coin

Explanation

[ImI]

Do you think there's an imminent dump also considering the auctioned coins?

nope

auction coins stay where they are. those buyers usually dont care about little gains and swings. they are in for the long haul.

[Torque]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

[nioc]

352, let's wait a wee bit and see if my hands are bloody

[hdbuck]

meanwhile in okcoin world :

[Fatman3001]

[MatTheCat]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Leveraged Longs are about half the USD amount of the Shorts. You would have to go back to March 2015, until you got to a point where the leveraged longs were as low as they are now on Bitfinex. Shorts are pretty low as well, but still more than twice the volume of the longs......

[LFC_Bitcoin]

How low does everybody think we will realistically go in the short term?

I usually buy 2 bitcoin's every month to HODL on pay day but the short term price may influence that. Thinking about buying more if we continue to tank?

[Fatman3001]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Leveraged Longs are about half the USD amount of the Shorts. You would have to go back to March 2015, until you got to a point where the leveraged longs were as low as they are now on Bitfinex. Shorts are pretty low as well, but still more than twice the volume of the longs......

.... I think you'll find you've forgot a zero. Shorts are way below longs in USD.

[MatTheCat]

How low does everybody think we will realistically go in the short term?

I usually buy 2 bitcoin's every month to HODL on pay day but the short term price may influence that. Thinking about buying more if we continue to tank?

If this is a Bull Market, and I believe it is....then we are right in accumulation zone right now.

i.e. in between 61% - 78% retracement zone from the $500 high. This is the traditional smart money load up zone.

But this rule would only apply if Bitcoin were actually in a Bull Market. I believe that it is, what you believe is up to you to make up your own mind on.

[TReano]

was it that hard to close your longs when we went parabolic to 500$?


 At least for me it wasn't....

[MatTheCat]

.... I think you'll find you've forgot a zero. Shorts are way below longs in USD.

Fuck me! Yer right n all!

Longs are like 5 times larger in volume than shorts!....

but never mind, Stamp Whale has decided to start buying into his own Ask walls now, so here comes the bounce.

[soullyG]

Wow, Lambie's sock puppets out in force today

[MatTheCat]

was it that hard to close your longs when we went parabolic to 500$?


 At least for me it wasn't....

You wouldn't believe the retarded manoeuvres I pulled off during that parabolic rise, with hefty profits being turned to a small loss, courtesy of Krakens magic dissappearing Sell quantity function, when you change from Limit order, by clicking the Market tab....thought I had made a good whack, but I had just Market Sold 0 Bitcoins.....since this was a leveraged postion to compensate for coming out the market way too early, and I feared a brutal correction at any moment, I panic sold my position......this was still in uppr $300s on the way up......

...Having flew into a rage at the fucking Kraken interface, I then decided to keep away from Bitcoin. When I came back, I bought in at $390. I sat looking at $505, remembering the absolute disgust of selling BTC earlier way too early, I decided I was going to hold. Then Bitcoin crashed down to $365, and I bought more again at $390.

So I am sitting bag holding from $390, and despite having been bullish on Bitcoin for months now (and I still am), If I were to cash out now, I will have actaully taken a loss on Bitcoin.

I am a fucking diabolical trader........anyone who remembers me as a Bear from the ATH, all the way down to the bottom, who kept shorting Bitcoin and reporting winning small, but losing big, will tell you I am a fucking awful trader of Bitcoin......

........But I am learning. Once upon a time, I would have sold at $360. I very nearly did, but the a bitter taste of past mistakes came into my mouth, and I closed the browser, and went outside and done a bit of gardening.....you may argue that Bitcoin, went to $550, so I should have sold, but this is bullshit. I wouldn't have bought in then, and I wouldn't have bought in now, as my emotional confirmation bias would have flip flopped....had I sold at $360, I would have no doubt bought back in at $390!

[gizmoh]

was it that hard to close your longs when we went parabolic to 500$?


 At least for me it wasn't....

Asks were empty at 500 , now sellers flock at 350. Greed and Panic..

[paul2000]

It's that time again when you MUST put on ignore EVERY newbie account with activity < 5 without reading the post.

[ynef]

You wouldn't believe the retarded manoeuvres I pulled off during that parabolic rise, with hefty profits being turned to a small loss, courtesy of Krakens magic dissappearing Sell quantity function, when you change from Limit order, by clicking the Market tab....thought I had made a good whack, but I had just Market Sold 0 Bitcoins.....since this was a leveraged postion to compensate for coming out the market way too early, and I feared a brutal correction at any moment, I panic sold my position......this was still in uppr $300s on the way up......

...Having flew into a rage at the fucking Kraken interface, I then decided to keep away from Bitcoin. When I came back, I bought in at $390. I sat looking at $505, remembering the absolute disgust of selling BTC earlier way too early, I decided I was going to hold. Then Bitcoin crashed down to $365, and I bought more again at $390.

So I am sitting bag holding from $390, and despite having been bullish on Bitcoin for months now (and I still am), If I were to cash out now, I will have actaully taken a loss on Bitcoin.

I am a fucking diabolical trader........anyone who remembers me as a Bear from the ATH, all the way down to the bottom, who kept shorting Bitcoin and reporting winning small, but losing big, will tell you I am a fucking awful trader of Bitcoin......

........But I am learning. Once upon a time, I would have sold at $360. I very nearly did, but the a bitter taste of past mistakes came into my mouth, and I closed the browser, and went outside and done a bit of gardening.....you may argue that Bitcoin, went to $550, so I should have sold, but this is bullshit. I wouldn't have bought in then, and I wouldn't have bought in now, as my emotional confirmation bias would have flip flopped....had I sold at $360, I would have no doubt bought back in at $390!

Wow. +1 for being honest with yourself and admitting these things. I think there are a lot of very butthurt people lurking among us who traded like you.

Next time leave your emotions in the garden