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

[Pseudo-Random]

Hate to be the bearer of bad news, but finex longs gone full retard off deep end and are at $42.5MM now, while shorts are relatively unchanged. If they're squeezed everyone is going to have a bad time

Well.. Nostradamus! Impressive

Unreal how there are no real pullbacks, In the end this is going to cause a violent snapback at some point.

Such accuracy, much clockwork *_*

 >>

[calme]

Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin

[Mrpumperitis]

woaa, hold your btc or sell for fiat or eth or a bit of all ,lol which way will you go

[Mrpumperitis]

Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin

and call my boss back saying i was drunk ( on power )sorry ,lol

[kehtolo]

This is all Mat's fault... 

[ironbit]

What's going on? Why there is this dump right now? Any cause? Anyway, in my opinion I don't think that market has reached that maturity that will allow it to mantain a price so high.

[TERA]

I think finex led China on the bounce there.

[600watt]

This is all Mat's fault... 

he went long i guess..

[AirFlame]

Correction to 400+ ?

[MinermanNC]

770 was too fast... this was bound to happen next, but think we are still in great shape overall 

[Pseudo-Random]

Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin

Suicidal.

The hardest thing to time & riskiest/least profitable to do is :

 [1] Short a dump further

Followed by :

 [2] Long a breakout
 [3] Short a top (as far as large-cap, well-run, excellently-performing/promising-sector equities, some commodities, and established crypto)
 [4] Long a dump

In other words, hats off to whoever managed to snag that juicy $705-709 range on 'Finex just now, closing that long on the inevitable retrace-up. Panic/margin call cascade drops like these are the single most rewarding opportunity. I could only grab one long @ $734 and another @ $712 myself.

There's a sizable possibility we go down yet further in the coming hours/days, just a bit, flirting w/ $680-695.

There's also a very faint but frightening possibility we go down considerably harder than that, a scenario only made possible (no exceptions) if China's PBOC "bans" Bitcoin yet one more time, or some very hardcore protocol hitch, dev team trouble or asian mining consortium bad news hits the wires ; In which case this 'Vinny Lingham Signature' rally would be stopped in its tracks until we are a few days away from the actual July Halving Day, or possibly even for the entire summer ;/

[TERA]

[strawbs]

Wow, just woke up to this    Looks like their ammo is spent though and we're now correcting back up. Glad I slept through that.

[TERA]

It's like I've seen that same dip 50 times in the past 2 years.

[calme]

Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin

Suicidal.

The hardest thing to time & riskiest/least profitable to do is :

 [1] Short a dump further

Followed by :

 [2] Long a breakout
 [3] Short a top (as far as large-cap, well-run, excellently-performing/promising-sector equities, some commodities, and established crypto)
 [4] Long a dump

In other words, hats off to whoever managed to snag that juicy $705-709 range on 'Finex just now, closing that long on the inevitable retrace-up. Panic/margin call cascade drops like these are the single most rewarding opportunity. I could only grab one long @ $734 and another @ $712 myself.

There's a sizable possibility we go down yet further in the coming hours/days, just a bit, flirting w/ $680-695.

There's also a very faint but frightening possibility we go down considerably harder than that, a scenario only made possible (no exceptions) if China's PBOC "bans" Bitcoin yet one more time, or some very hardcore protocol hitch, dev team trouble or asian mining consortium bad news hits the wires ; In which case this 'Vinny Lingham Signature' rally would be stopped in its tracks until we are a few days away from the actual July Halving Day, or possibly even for the entire summer ;/

It'll be alright. I can feel it in my bones

[marcus_of_augustus]

Best pullback yet in this rally .... but man that was violent. If we're going up further, stilletos like that point to much further.

[strawbs]

Best pullback yet in this rally .... but man that was violent. If we're going up further, stilletos like that point to much further.

Exactly my thoughts. Today is going to be very interesting, expecially if we quickly get back to >$750

[calme]

If anyone is curious I'm actually long on 10x margin and have been since the 500's. Hoping to close the margin @ around $3k but we'll see.

[Elwar]

If anyone is curious I'm actually long on 10x margin and have been since the 500's. Hoping to close the margin @ around $3k but we'll see.

Enjoy the ride.

[Pseudo-Random]

If anyone is curious I'm actually long on 10x margin and have been since the 500's. Hoping to close the margin @ around $3k but we'll see.

Close right now or within the next 40 yuan upwards - re-buy lower.

Thank me after.