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

[adamstgBit]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

i don't think 105 will be tested today,  maybe next week...

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[notme]

Falling knives...no match for me.  How do you recifiy a $116.xx position, when the markets crashing and with no fiat left?  

BTC -> Ripple -> Sell BTC for XRP -> Sell XRP for USD.  Voila...you have fiat for the panic sell and you lost merely crumbs in the process.  At current prices, it's looking like the move of the century.

 

I just had to share that because that was absolutely insane what I did...and it totally worked.  

And what USD price did you end up with for your BTC?

[samson]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

Don't be so sure about that - once a double bottom is in everyone will jump right back in again.

[niothor]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

xseeee ME...but ... the best scenario for a bull is a price drop?  
yeah , I know i'm reading between lines but still , was funny

[lucas.sev]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

i don't think 105 will be tested today,  maybe next week...

So you refuse to believe that 1k sell can happen and touch 105?

[adamstgBit]

back to 110 in a few   

[adamstgBit]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

i don't think 105 will be tested today,  maybe next week...

So you refuse to believe that 1k sell can happen and touch 105?

i don't see any reason for anyone to do this, Right Now.... sellers want to sell as high as possible

[samson]

i don't see any reason for anyone to do this, Right Now.... sellers want to sell as high as possible

I don't see any reason why anyone should by now either

I'm 100% USD and waiting for the inevitable.

[giszmo]

My guts feeling is that we will meet $60 again. That is only based on this chart that clearly shows a correlation of traded volume (weekly in currency) and price. I see that there are some exceptions where on a down trend the volume explodes with a decreasing price but the overall trend tells me, $60 would still be high.


That said, I did buy my last bitcoins at $130 as a service to my local community (here in Chile there is not much local community yet) and I don't sell because good news can change the trend in a matter of hours or days, which is faster than I can get my money in and I don't feel comfortable having fiat or money on any exchange waiting for the right time to get stolen or confiscated.

[BitPirate]

Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.

Shame (for you) that now, none of us want to buy back in any more.

Enjoy those cheap coins!

[Ultraviolet]

Either that 105 wall will fall today and we'll see ~97 be touched or 105 will be touched/rebounded off of as it bounces between 106 and 111 until the bid momentum vanishes by Sunday/Monday and someone dumps 25k BTC again.

[adamstgBit]

everyone is so pessimistic today... you know what to do 

[niothor]

everyone is so pessimistic today... you know what to do 

nov 1?

[oda.krell]

I'm still wondering what the 7.5k btc buy at 1pm CET was all about. I didn't see it when it took place, but I'm pretty sure it was one big order.

Why would a whale buy right into the downtrend? He had a slippage alone of 3 or 4 USD. And why not wait a few hours longer and buy even cheaper.

It's too much volume to be a stabilizing move, in my opinion, but it doesn't make much sense otherwise. I'm puzzled.

[N12]

Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.

Shame (for you) that now, none of us want to buy back in any more.

Enjoy those cheap coins!

Wow, you sure sound butthurt. I suggest learning more about how markets work, or simply looking at a long-term price graph of Bitcoin. This has happened before, it will happen again.

[SGExodus]

I'm still wondering what the 7.5k btc buy at 1pm CET was all about. I didn't see it when it took place, but I'm pretty sure it was one big order.

Why would a whale buy right into the downtrend? He had a slippage alone of 3 or 4 USD. And why not wait a few hours longer and buy even cheaper.

It's too much volume to be a stabilizing move, in my opinion, but it doesn't make much sense otherwise. I'm puzzled.

There could be many reasons.

If could be that he assessed that the price is already low enough.

It could be someone that sold 7.5KBTC at 140 are re-buying them automatically when the price hits a certain threshold.

[samson]

Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.

Shame (for you) that now, none of us want to buy back in any more.

Enjoy those cheap coins!

Not cheap enough, I'm still holding my USD (with the strongest of hands).

[wachtwoord]

Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.

Shame (for you) that now, none of us want to buy back in any more.

Enjoy those cheap coins!

Not cheap enough, I'm still holding my USD (with the strongest of hands).

Ah, you need to g to the bathroom?

[Rampion]

Testing $105ish today? I think as soon as we touch it we will go through it like a hot knife through butter.

Next level to be tested will be $90ish, and next REAL support $80ish. Anyhow, as Oda said earlier I think testing $80 won't happen too soon. But honestly, I think the sooner the better. I wouldn't mind at all going rapidly to $50 and double bottoming it hard, with big volume. That would mean that the only way is UP, slowly, but UP. IMO that's the best case scenario for the bulls. Breaking ATH during this year is not happening IMO. And a rally to $165 won't happen any soon neither.

xseeee ME...but ... the best scenario for a bull is a price drop?  
yeah , I know i'm reading between lines but still , was funny

For a realistic long-term bull with his feet on the ground (like most of us here) it's indeed the best case scenario, considering we had PARABOLIC growth (=bubble) a few weeks ago.

For a "rptard style" delusional bull short on meds expecting $300k per BTC by the end of the year, I guess "best case scenar¡o" is TO THE MOON and nothing else

[Rampion]

everyone is so pessimistic today... you know what to do 

YES. Selling at the bottom so the price goes UP UP UP from there!