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

[gandhibt]

There's no fundamentals of downtrend. Downtrend continues until whales buy enough and that's it. They just think that they get more coins from lower prices and that's why we are going to there. They use "standard bubble deflation" work for them. These bounces are here for the same reasons: to shake weak hands.

Fundamentals are the reason why bitcoins biggest trend will always be up, atleast until fundamentals change and they haven't changed ever yet.

[ChartBuddy]

[yocko06]

all of the coins that you guys sold have been bought up.  this wall at 80 is holding the price down so bitcoin can be bought at a low price.  look behind the wall and this will give an indercation of the availability of bitcoins.  when that wall is pulled or sold there won't be many coins available.

[gandhibt]

all of the coins that you guys sold have been bought up.  this wall at 80 is holding the price down so bitcoin can be bought at a low price.  look behind the wall and this will give an indercation of the availability of bitcoins.  when that wall is pulled or sold there won't be many coins available.

And then comes the next wall, just puff and there it is. Orderbook doesn't mean much. Whales say where we go.

[MickeyT2008]

all of the coins that you guys sold have been bought up.  this wall at 80 is holding the price down so bitcoin can be bought at a low price.  look behind the wall and this will give an indercation of the availability of bitcoins.  when that wall is pulled or sold there won't be many coins available.

This is why I haven't sold, I've seen this trick too many times.  I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic.  This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me.  I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen.  Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.

I'm not investing that much yet though, partly because I know I'm not that skilled at trading yet and partly because I'm a skint hippie.  However, this week I made a 40% profit and can now join the Hitler Club: https://www.youtube.com/watch?v=4axmD2YvPnA

My previous way of trading just consisted of profit and loss cancelling each other out, meaning that I was getting nowhere.  Each day I learn a little more.

[yocko06]

all of the coins that you guys sold have been bought up.  this wall at 80 is holding the price down so bitcoin can be bought at a low price.  look behind the wall and this will give an indercation of the availability of bitcoins.  when that wall is pulled or sold there won't be many coins available.

This is why I haven't sold, I've seen this trick too many times.  I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic.  This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me.  I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen.  Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.

I saw this one coming as it was trending down for a fair while,  I managed to sell in the 90's and I bought up at 66.63 and up.  it's been a good run to increase my total coins.  If it starts to fall again the same thing will be done.  now is the time to make some coin but there's no time to do anything else because you need the finger on the pulse.  it pays well though;)

[xorglub]

Just a random observation from blockchained :



I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.

Thoughts ?

[MickeyT2008]

all of the coins that you guys sold have been bought up.  this wall at 80 is holding the price down so bitcoin can be bought at a low price.  look behind the wall and this will give an indercation of the availability of bitcoins.  when that wall is pulled or sold there won't be many coins available.

This is why I haven't sold, I've seen this trick too many times.  I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic.  This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me.  I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen.  Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.

I saw this one coming as it was trending down for a fair while,  I managed to sell in the 90's and I bought up at 66.63 and up.  it's been a good run to increase my total coins.  If it starts to fall again the same thing will be done.  now is the time to make some coin but there's no time to do anything else because you need the finger on the pulse.  it pays well though;)

Because the BTC market never closes it means that going to sleep can be a dangerous thing to do, that always seems to be when I make my biggest losses, hence another reason to trade in the medium term rather than the short term - I'm not a robot and I must sleep sometimes.  Now I know why those guys in the stock exchange do so much coke, it's not because they can afford it but because they need it!  If you're trading millions then being asleep can cost much more than cocaine does.  Unfortunately my budget doesn't run to Peruvian marching powder, but maybe I can afford some more coffee, hey?

And on that note I'm going to the shops to buy some more coffee as I've run out.  Try not to crash the market whilst I'm out please guys!

[ChartBuddy]

[bzzard]

Nothing changed. Just gox got a bunch of moniez from fees

[WeltMaster]

Big sells coming, will the rally last today? Or are we heading sub 70.

Edit: Pop pop pop, watching that drop.

[MickeyT2008]

Hey I said DON'T crash the market whilst I'm out buying more coffee.  Come on, own up, who was it?

[kickinyou]

Awww i can relax agian, have waited for this all day long !!

[Komodorpudel]

Just a random observation from blockchained :



I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.

Thoughts ?

No thoughts, but i looks interessting.

I ll keep a look at this.

[Its About Sharing]

200 day EMA (blue line): once support, now resistance

And it is worth noting that the 20 crossed under the 100EMA around July 1st.
Now, the 10 is about to cross under the 200.

[octaft]

Hey I said DON'T crash the market whilst I'm out buying more coffee.  Come on, own up, who was it?

Jaroslaw, obv.

[w00dy]

Hey I said DON'T crash the market whilst I'm out buying more coffee.  Come on, own up, who was it?

Jaroslaw, obv.

this +1


 

[MickeyT2008]

Hey I said DON'T crash the market whilst I'm out buying more coffee.  Come on, own up, who was it?

Jaroslaw, obv.

I knew it!  He's a very naughty boy

[keewee]

It's clear the wall served its purpose

[yocko06]

my prediction is the price will go up when USA wakes up.