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

[york780]

Who will sell at the bottom?

Lol this is the most weak beartrap I have ever seen in my whole btc trading life. Bottom? More like a move to a price of 6 hours ago xd. BTC cant be stopped and wont be stopped because its immutable. Its the ONLY thing in this world what is immutable. How much is that worth? Thats right, everything.

Jesus motherfuking crist...

this place is so full of hardcore fanatics BTC extremists, that im beggining to get afraid. this mofos will even turn agressive on any "BTC is not god" opinion.

the "who is selling at the botton" meme is funny as fk too.  

Looks like we finally found a rare btc bottom seller guys! Get him get him now! Who will make the kwuckduck 2.0 thread ^^

[york780]

Who will sell at the bottom?

Lol this is the most weak beartrap I have ever seen in my whole btc trading life. Bottom? More like a move to a price of 6 hours ago xd. BTC cant be stopped and wont be stopped because its immutable. Its the ONLY thing in this world what is immutable. How much is that worth? Thats right, everything.

Jesus motherfuking crist...

this place is so full of hardcore fanatics BTC extremists, that im beggining to get afraid. this mofos will even turn agressive on any "BTC is not god" opinion.

the "who is selling at the botton" meme is funny as fk too.  

Keep calm, they are but drunk on over-leveraged positions and momentary profit, youd see how fast most of these guys would vanish, if their golden bull faltered.

Indeed, Bitcoin is not a God, but a tool. Now, entering bubble period. Just look for another thread, there is bazillion tonnes of wishful thinking in this one, depending on if gambler in question is short or long.

Not a bubble at all. Look at 2 month growth, its healthy. Why cant you just be happy for a while héh! Always with the drama!!!

[gentlemand]

Jesus motherfuking crist...

this place is so full of hardcore fanatics BTC extremists, that im beggining to get afraid. this mofos will even turn agressive on any "BTC is not god" opinion.

Well, it is a forum explicitly for BTC extremists. You'll find a more balanced opinion on bitcoinisumyeahkindofokayIguesstalk.org but it's pretty slow these days.

[Kramerc]

Not a bubble at all. Look at 2 month growth, its healthy. Why cant you just be happy for a while héh! Always with the drama!!!

Because $800 soon?

edit: the only over leveraged players in this market are 1) bitcoin shorts, as per https://www.bfxdata.com/positions/btcusd, 2) ETHBTC longs

[spooderman]

bear trap over?

[BTCtrader71]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

[bitserve]

Who bought at the bottom?

[gentlemand]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

[york780]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there.  We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...

[monsanto]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

Looks like there's still some margin longs left...

https://www.bfxdata.com/positions/btcusd


p.s. hope you don't mind my fork of your kittinger  

[BTCtrader71]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there.  We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...

I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells

[gentlemand]

Looks like there's still some margin longs left...

https://www.bfxdata.com/positions/btcusd

p.s. hope you don't mind my fork of your kittinger  

I wonder what proportion of active traders have left there by now. If only they upped their communication there would be a lot more confidence despite their woes.

And I feel my Kittinger is more ethereal, but at least neither of ours has a Red Bull logo.

[york780]

Looks like there's still some margin longs left...

https://www.bfxdata.com/positions/btcusd

p.s. hope you don't mind my fork of your kittinger  

I wonder what proportion of active traders have left there by now. If only they upped their communication there would be a lot more confidence despite their woes.

And I feel my Kittinger is more ethereal, but at least neither of ours has a Red Bull logo.

They will FOMO or left behind or lose everything at alts. Seems that FOMO is the best option for those noobs

[BTCtrader71]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there.  We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...

I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells

Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels.

[bitserve]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there.  We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...

I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells

Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels.

Kraken wasn't that much affected because it is lagging/has lower price than Bitstamp. Same happens with BTC-e. So the dips are somewhat cushioned. Tomorrow will be the day euro deposits start to hit the exchanges.

[Coinnosaurus]

More realistic prospect: Nothing will happen. No hacks.

how about this https://www.bleepingcomputer.com/news/security/hacked-south-korean-bitcoin-exchange-loses-5-5-million/ ??
this happened only few days after your statement lol

[Lauda]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

[Okurkabinladin]

bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?

There's hardly anyone there any more other than trapped shorters?

It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there.  We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...

I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells

Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels.

It might just mean, that some exchanges are still waiting for their correction. We have seen the same thing couple of days before western exchanges broke old all time high.

We should seek higher volume shake up before picking up steam again.

[savetherainforest]

Another bear trap.

I saw your .gif in slow motion for the first 10 seconds (page/browser glitch) ... it was epic! (someone should do that) ... Anyway... going back to bed...

[Paashaas]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's

Rumor is if Finex hits $1600 it will rocket to $2000 with all those shorts destroyed. Followed with a (weekend) dump to sub $1400 or $1300 is plausible.

Edit: Finex at $1580