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

[Jozzaboy]

Wall gone, there is going to be a panic.

[ardana123]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

[Miz4r]

What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!

Let them sell, this rally has just started. They are the ones missing out in the end.

[ShroomsKit]

What a surprise. When we go up someone will make sure we go down again. Because letting Bitcoin getting worth more is out of the question!

Let them sell, this rally has just started. They are the ones missing out in the end.

I sure hope so. I'm so tired of all this dumping the last few weeks.

[BitPirate]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

Who wants to sell at 108 when people just demonstrated they were willing to pay 113?

[Miz4r]

Look at it this way, that whale caught a lot of coins from weak hands or small profit takers. He will not want to sell his coins at 108.5 again, he probably expects the price to go up to 120-130 at which point we can expect another big dump.

[Jozzaboy]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

Who wants to sell at 108 when people just demonstrated they were willing to pay 113?

I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either

[Ultraviolet]

Let them sell, this rally has just started. They are the ones missing out in the end.

When there's utterly zero volume at 98-101, this is no rally. The only place a rally can come from in this no-volume market is from whales manipulating the market with large buy orders. This isn't like it was in March-April-early May where Gox had millions a week being wired to it and the market had natural buying pressure from a large variety of players. Most of the newcomers lost their shirts to the whales buying at 200+ during the bubble and 150+ in the ripple immediately after.

As speculators, people should be thinking about how to make money from the manipulation without feeding the whales. Thinking that this is a true valuation of BTC is utterly foolish in my opinion.

[BitPirate]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

Who wants to sell at 108 when people just demonstrated they were willing to pay 113?

I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either

Oh, hence the "there will be panic" remark.

See you back at 113 tomorrow...

[gizmoh]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

Who wants to sell at 108 when people just demonstrated they were willing to pay 113?

Its a strategy biting in that wall hoping to buy back lower. when panic stops at 106.5 , they will bid again around 105, now hoping..

[ft73]

I'd like to see same consolidation in the tight 108$-110$ range now.
Too much overbought to further accelerate, a correction towards $105 may be possible.

Still overbought, projection still valid

[Jozzaboy]

who wants to buy 4k coins at 108 when the price is surely going down afterwards...

Who wants to sell at 108 when people just demonstrated they were willing to pay 113?

I did. I knew the price would have momentum after the 108.5 wall was toast. After buying in at 100, it's a healthy profit. Didn't sell all my coins either

Oh, hence the "there will be panic" remark.

See you back at 113 tomorrow...

Great, I sold all of 10% of those coins I bought at 100. Bring it on.

[Miz4r]

Let them sell, this rally has just started. They are the ones missing out in the end.

When there's utterly zero volume at 98-101, this is no rally. The only place a rally can come from in this no-volume market is from whales manipulating the market with large buy orders. This isn't like it was in March-April-early May where Gox had millions a week being wired to it and the market had natural buying pressure from a large variety of players. Most of the newcomers lost their shirts to the whales buying at 200+ during the bubble and 150+ in the ripple immediately after.

As speculators, people should be thinking about how to make money from the manipulation without feeding the whales. Thinking that this is a true valuation of BTC is utterly foolish in my opinion.

People were scared to sell or buy at 98-101, many had already sold and were waiting for a crash and people still holding bitcoins didn't feel like selling at a strong support level. That explains the low volume, the rally today was on volume and not just from whales. I don't believe it is a sucker's rally like the one we had last week on low volume. That was a bearish wedge.

[ft73]

the rally today was on volume and not just from whales.

I agree.

EDIT: i think  SMA100 is @110$. This may be the beginning of a way bigger movement. Let's see.

[Jozzaboy]

Bounce is almost over and i'm ready to buy in at a profit. Good times.

[VolanicEruptor]

Bounce is almost over and i'm ready to buy in at a profit. Good times.

You don't profit until you sell, son.

[ChartBuddy]

[Miz4r]

Bounce is almost over and i'm ready to buy in at a profit. Good times.

You don't profit until you sell, son.

Depends how you view profit. For profit in fiat you need to sell, for profit in BTC you need to buy back lower than you sold.

[TheKoziTwo]

Bounce is almost over and i'm ready to buy in at a profit. Good times.

You don't profit until you sell, son.

True bitcoiners doesn't consider fiat profit, only increase in amount of BTC

[Jozzaboy]

Bounce is almost over and i'm ready to buy in at a profit. Good times.

You don't profit until you sell, son.

Depends how you view profit. For profit in fiat you need to sell, for profit in BTC you need to buy back lower than you sold.

+1.