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

[Ultraviolet]

Should be interesting if we really see sustained dump volume to send it through $50 in a cataclysm attempt. I can only imagine if you want to trigger capitulation that you need to depress the rebound even at $50 so as to provoke the requisite sense of hopelessness required to get tons of people to dump tons/all of their coins at the absolute bottom.

[Its About Sharing]

And here we go, moving up over yesterdays move up, on lower volume then yesterday. Last 3 times that happend recently (I posted those pics a while ago) we came down hard.

it makes sense doesnt it..

reloading with coins to dump again..  .. buying up doesnt work for now..

maybe it's a realy big fish testing the market.. if it's ready for trend reversal.   and it seems not


goddamit.; since when i became a bear..     hope to be bull again arround 50's   but i'm just guessing them big boys gonne push it even harder..   
 

It is sort of weird actually. Buying coins to dump later on a downward price move. I mean that would only be done by VERY large pockets and with what intention?
The central banks manipulate currencies as a matter of policy. Outside of that, who is going to spend that kind of money in such a small market?
If BTC truly is a threat, then it is best to keep it down for as long as possible. But I think a lower price brings more people into it. Even these Elites make mistakes (constantly I might add)  

But, to buy a bunch of coins on support, when things are oversold, can really get the bump started. They could theoretically wait for what they think is a top and then sell those coins off into
it and hope to crash it (or rather continue the crash)...

[Kazu]

It's crazy Sunday  
[/img]
I wonder what will happen next...

Maybe what both those overbought indicators indicate.

yes the market has been very overbought, now is "oversold in short time".

It will be interesting as the demand increases and if the wall will move higher. ..

So um, its supposed to be double bottom?

[Dalib]

Someone want to make a prediction for tomorrow or the day after?

Personally, while I rather fear that it may come very big dump after a panic sprint 75-80 (if he will), than I believed that we jump "on the moon" (90-100) through the down trend line.

Yet it still need to buy 25k BTC to $ 80 ...

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

[WeltMaster]

Most of these buys are me. I've got a few more up my sleeves.

This jaroslaw shit is getting annoying

Ignore is your friend.

[WeltMaster]

Mini rally with decent sized buys but no bid walls being placed to cover a fall.

Gee I can see this bounce lasting...

[10c]

Someone want to make a prediction for tomorrow or the day after?

During the next few weeks we'll probably go down to the 50's stay there for a little while, drop a bit further 40's 35's? and either make some sideways movement or make huge steps towards 100-110 where the new waiting game begins. maybe drop a few times sub 100 but it will be up from there, especially if we break the support's; bears will be bulls again

total time line for this dec 13 or jan 14

[vitalemontea]

Someone want to make a prediction for tomorrow or the day after?

During the next few weeks we'll probably go down to the 50's stay there for a little while, drop a bit further 40's 35's? and either make some sideways movement or make huge steps towards 100-110 where the new waiting game begins. maybe drop a few times sub 100 but it will be up from there, especially if we break the support's; bears will be bulls again

total time line for this dec 13 or jan 14

dec 13 or jan 14? where do you pull that from?

[monkofnothing]

If I'm reading the candle stick charts correctly (and I believe I am) this bounce came out of the blue and all at once it either from a collective working together at a predetermined time or someone with deep pockets trying to double up their investment. Kinda day trader-ish.

[Dalib]

Most of Bitstamp sell wall moved to $ 75 

[Kazu]

So apparently walls don't crumble any more, they pick right up and move.

Awesome

[Walsoraj]

The only way to defeat these day-trader-bear-manipulators-unbelievers is to just buy buy buy buy nonstop. Help me out guys

[Dalib]

If I'm reading the candle stick charts correctly (and I believe I am) this bounce came out of the blue and all at once it either from a collective working together at a predetermined time or someone with deep pockets trying to double up their investment. Kinda day trader-ish.

I also seems strange that almost 12 hours no power not buy coins for 67-69, then such a pump in a lot on Sunday in oversold market ... (strange coincidence)

[gandhibt]

This is just one of those bull traps that we need so that the price can fall to mid 50's.

[Loozik]

Dont know if today or tomorrow will dump coins till price hit 65$

Jaroslaw, you still have a few hours left not to default on your promise of bringing BTC to $65

I have faith in you and your thousands of Bitcoins. Now it's the right moment to dump your coins.

[octaft]

Mini rally with decent sized buys but no bid walls being placed to cover a fall.

Gee I can see this bounce lasting...

If you're hoping for a price rise, be careful what you wish for regarding the bid wall. Many times a large bid wall has come up, it has either been eaten and caused panic sells, or been a fake wall designed to get people to place bids above it, only so they can pull it and sell into all those accumulated bids at a higher price than they would have gotten otherwise.

[10c]

Someone want to make a prediction for tomorrow or the day after?

During the next few weeks we'll probably go down to the 50's stay there for a little while, drop a bit further 40's 35's? and either make some sideways movement or make huge steps towards 100-110 where the new waiting game begins. maybe drop a few times sub 100 but it will be up from there, especially if we break the support's; bears will be bulls again

total time line for this dec 13 or jan 14

dec 13 or jan 14? where do you pull that from?

I think that will be the time we need to complete the circle.
-a lot of ASIC's will be paid by then, and miners will be used to difficulty -> either sell their ASIC's because it being less profitable as expected and price being low or accept there is no real improvement over gains as compared to when they ran GPU's (just a different difficulty).
-capitulation will have taken place, weak hands will have sold-> buy high sell low types.
-VC projects will start making their way to the market/public.
-people will forget the drama in a timespan of a few months and those that got hurt will have taken their loss and got out.
-regulation will become more transparent as gov and banks are working hard at providing guidelines regarding tax and hope that the sheep will comply. Also regulation opens up the doors for mass adoption what will be starting as soon as the rules are clear and VC projects start.
These are just a few indicators I see happening in the timespan.

[WeltMaster]

Mini rally with decent sized buys but no bid walls being placed to cover a fall.

Gee I can see this bounce lasting...

If you're hoping for a price rise, be careful what you wish for regarding the bid wall. Many times a large bid wall has come up, it has either been eaten and caused panic sells, or been a fake wall designed to get people to place bids above it, only so they can pull it and sell into all those accumulated bids at a higher price than they would have gotten otherwise.

No I'm just hoping for a slower price fall. Without large forces thinking a rally at these prices is achievable this could get nasty very quickly. We've gone down too fast without a considerable bounce in my opinion, that just ads to the lack of confidence which is going to make this spectacular when the fireworks kick off in a week or so.

[ryantw]

I have been watching the charts consistently throughout the day for a few days now, observing the ask walls. Its fairly obvious that someone is keeping the price low and buying cheap coins through placing bids lower than their ask walls. They are hoarding cheap coins by getting people to sell into their bids and buying coins lower than their ask walls. They are pretty blatant about it, even placing the walls at $1 intervals.

If they decide they have reached their desired amount of coins and then lift their ask walls, bitcoin will rise, which is what they want after buying lots of cheap bitcoins.

Whomever is doing this is pretty clever as they are also doing a couple of other things to stunt the price. If you think the price is going to drop, it will not. The ask walls are keeping the price low.

[lucas.sev]

Dont know if today or tomorrow will dump coins till price hit 65$

Jaroslaw, you still have a few hours left not to default on your promise of bringing BTC to $65

I have faith in you and your thousands of Bitcoins. Now it's the right moment to dump your coins.

It's amazing how some people really started to believe jaroslaw is real deal. His poor self posting from a polish village must be really proud of himself.