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

[Torque]

[molecular]

As long as the chinese "Centralbanks" review BTC everytime it hits the 1k$/€ mark, BTC will never hit the xk$/€ mark since there will always be some derpession because of the "investigation"

"derpession"...?

can we add that to the list?

hodling through all derpessions!

[Killerpotleaf]

Just one more leg down.

or not

flat bottom at 790-820 for a more hours...

should become more clear in the next hour

Doubt that.
Dead cat bouce up to about 825$ and down again.

lower highs and more bottoming, then...

cat with golden gun riding a fire breathing unicorn

[molecular]

Just one more leg down.

that would be a huge leg, though. 780 is a huge critical point.

this is where the bears have to blow all the powder.

[European Central Bank]

that would be a huge leg, though. 780 is a huge critical point.

this is where the bears have to blow all the powder.

it'll probably slide through it like a flamethrower through butter. bulls are usually ecstatic to roll over at moments like these.

[ft73]

Just one more leg down.

that would be a huge leg, though. 780 is a huge critical point.

this is where the bears have to blow all the powder.

750$, even high 600$ can't be ruled out imho.

[savetherainforest]

is crypto done??  

Yeah... right!...


This is what I think about your comment & gif:


https://www.youtube.com/watch?v=BqlJwMFtMCs

[yonton]

I'm convinced that btc investors are the most paranoid people on the planet.

[JimboToronto]

Gotta love this place. Dip down to where we were 3 weeks ago and all the Bitcoin-hating trolls are frothing at the mouth with, "RIP Bitcoin 2009-2017", "Is crypto done", "dead cat bounce", "Ponzi", "China bans Bitcoin", etc. LOL  

Meanwhile my fresh Bitcoin has been secured at about $796USD. Unfortunately my off-exchange dude only had 0.8BTC to sell me. Better than nothing I suppose and I've got a head start at acquiring enough fiat to buy again if the price continues to dip.

[ImI]

Just one more leg down.

that would be a huge leg, though. 780 is a huge critical point.

this is where the bears have to blow all the powder.

750$, even high 600$ can't be ruled out imho.

I think 600$ will be it. Market seems to be afraid of PBOC like fuck.

[Killerpotleaf]

I'm just as stunned as you are

No i dont have a clue anymore.

[spooderman]

ugh wtf is this.

as someone has pointed out this seems to be very minor news preceding this, so we must have still been overbought as fuck.

OH WELL

see ya weak hands.

[toknormal]

This is starting to look like a Gox situation to me.

The Chinese exchanges may be massively over levered and are pushing the price down in order to mitigate their fractional reserve at a lower cost prior to the inspections.

[boyshx]

Oh my god.............................

[ImI]

This is starting to look like a Gox situation to me.

The Chinese exchanges may be massively over levered and are pushing the price down in order to mitigate their fractional reserve at a lower cost prior to the inspections.

Thats why i am looking forward to a better regulation of Chinese exchanges. They have some decent amount of market-power with lots of shadiness combined.

[toknormal]

Lets see what happens when people start trying to make withdrawals.

[ImI]

I am looking forward to real volume data coming from Chinese exchanges.

[Torque]

Massive shorting? Dat bounce is going to be UUGE..

[Arcteryx]

Lets see what happens when people start trying to make withdrawals.

At that point it could very well be another Mt.Gox event that will unfold.

Get your bitcoin ready to sell just before that happens.
That could be a devasting effect and heads will explode when that happens.

How history tends to repeat itself.
How long did it take for the ATH of $1263 take to start going down? An hour?
I would be ready people if I were you!

[soullyG]

Massive shorting? Dat bounce is going to be UUGE..

Bear trap to end all bear traps?

Ah Bitcoin you never fail to be interesting