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

[gizmoh]

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the hourly chart, perhaps with the apex at  $125.

In clearer terms?

[1713920348]

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[1713920348]

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[smoothie]

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the hourly chart, perhaps with the apex at  $125.

In clearer terms?

LOL sell 

[NamelessOne]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

[ChartBuddy]

[NamelessOne]

Supposing that the big sale was a shock and not a trend reversal, I expect that a triangle consolidation pattern will unfold on the 15-minute chart, perhaps with the apex at  $125.

But we ripped straight through the trendline we've been on since 50.  

[ShroomsKit]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

The loss of confidence if we go that low again will be massive. So lets hope this won't happen.

[gizmoh]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

[Dargumin]

In fiat terms this is a great time to pick up an Asicminer Block Erupter Blade...

[Sitarow]

[NamelessOne]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

Yeah something along those lines I think. My theory is that the wall was actually the seller. The Wallmaker simply wanted to sell as many coins close to 130 as possible. He knew the treadline had already been basically broken a day or two ago, he could have helped it with his super money if he had the confidence the market would follow him, but he didn't. Thus he created the large bid wall to create a false sense of security so bids would pile up above his wall and he slowly sold. When the time was right he could just do one massive sell down to his wall, remove his wall, sell even more and then let the games begin. May have even sold into his own wall to create fear.

This was my theory the moment that wall was created. I really, really wanted it to be wrong. I think I might have been right on it though. =(

[Zarathustra]

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that,

Yes. If you buy low and the price climbs after that, it will have been a buying opportunity. If not, then not.

[gizmoh]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

Yeah something along those lines I think. My theory is that the wall was actually the seller. The Wallmaker simply wanted to sell as many coins close to 130 as possible. He knew the treadline had already been basically broken a day or two ago, he could have helped it with his super money if he had the confidence the market would follow him, but he didn't. Thus he created the large bid wall to create a false sense of security so bids would pile up above his wall and he slowly sold. When the time was right he could just do one massive sell down to his wall, remove his wall, sell even more and then let the games begin. May have even sold into his own wall to create fear.

This was my theory the moment that wall was created. I really, really wanted it to be wrong. I think I might have been right on it though. =(

Yea i noticed the consistent 300-600  dumps yesterday.That is a hell of a  Masterplan.. Trading is stuck at 'Apex' now..

[NamelessOne]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

I believe its the 8k wall which is to blame , creating a false sense of security and when a big whale saw an opportunity to take advantage of it,creating a panic by eating that wall,now its worse than what would have been a normal retest..

Yeah something along those lines I think. My theory is that the wall was actually the seller. The Wallmaker simply wanted to sell as many coins close to 130 as possible. He knew the treadline had already been basically broken a day or two ago, he could have helped it with his super money if he had the confidence the market would follow him, but he didn't. Thus he created the large bid wall to create a false sense of security so bids would pile up above his wall and he slowly sold. When the time was right he could just do one massive sell down to his wall, remove his wall, sell even more and then let the games begin. May have even sold into his own wall to create fear.

This was my theory the moment that wall was created. I really, really wanted it to be wrong. I think I might have been right on it though. =(

Yea i noticed the consistent 300-600  dumps yesterday.That is a hell of a  Masterplan.. Trading is stuck at 'Apex' now..

Yes! Exactly. I noticed those 300-600 sells happening pretty consistently too. Sell... let it build back up again... sell another 400... repeat.

[Miz4r]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

[ardana123]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

what are u smoking and can i not have some of it?

[ShroomsKit]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

[NamelessOne]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

The only reason I say this is because the market has now completely and utterly terminated the trendline we have been climbing since 50 well over a month ago. All the big selloffs since then have simply bounced off the trendline and continued upwards, but this time the price has torn straight through it. Some people don't believe in trendlines and analysis, but all my experience has shown them to be remarkably useful, and its just a mass human psychology in the end. Like I said before, I'd love to be wrong, I hated the drop from $32 - $2 even if I benefitted greatly in the end.

[NamelessOne]

Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again

I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.

Damn, going back to 100 would be really bad.

Yep, after that... this could potentially take us back all the way to test $50 again, maybe even $40. It would be the buying opportunity of the lifetime if we climb again after that, but this could take many months, and it is only a buying opportunity if it doesn't break lower then that of course. Confidence will be smashed for a good long time if we start dropping to that range. Arrggg I hate this, I would have much rather things just continued up.

what are u smoking and can i not have some of it?

I'm smoking good old technical analysis, and I hope I'm wrong. I really dislike FUD, and I'm usually a bull. But I won't stay perma bull if it just feels wrong. I'm just discussing my thoughts at the moment.

[samson]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

[ShroomsKit]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?