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

[Its About Sharing]

Abandon - What your chart needs is more lines, I mean Cowbells...



But seriously, looks like it is rolling over. I remember that at $130. 

[Dalib]

Please someone correct me if i'm wrong, i'm still learning, but i see a bearish wedge almost to conclude.
Should we be testing $80's soon? What do you think?  

I think we might see $70 within 48 hours.

I do not want to predict accurately whether 80 or 70 and at what time  

But some indicators suggest that the market is overbought after the rapid boom from 69 to 94 (a peak 104).



I assume that the 104 was the top of this wave will soon see low. (it may not be in 48 hours )

[Its About Sharing]

Please someone correct me if i'm wrong, i'm still learning, but i see a bearish wedge almost to conclude.
Should we be testing $80's soon? What do you think?  

I think we might see $70 within 48 hours.

I do not want to predict accurately whether 80 or 70 and at what time  

But some indicators suggest that the market is overbought after the rapid boom from 69 to 94 (a peak 104).



I assume that the 104 was the top of this wave will soon see low. (it may not be in 48 hours )

What are you seeing as the max down movement? Range?

[Dalib]

Please someone correct me if i'm wrong, i'm still learning, but i see a bearish wedge almost to conclude.
Should we be testing $80's soon? What do you think?  

I think we might see $70 within 48 hours.

I do not want to predict accurately whether 80 or 70 and at what time  
But some indicators suggest that the market is overbought after the rapid boom from 69 to 94 (a peak 104).

I assume that the 104 was the top of this wave will soon see low. (it may not be in 48 hours )

EDIT: But I am not a bear, I'm trying to estimate how much Bitcoin hold, how much to sell over 100 a buy under 80 and many under 60

I think that tactic of portfolio allocation to different positions is more important than catching tomorrow's prices.

[gizmoh]

Whales pointing their nose again with coordinated big buys within few minutes, trying to incite another rally???

[ChartBuddy]

[Dalib]

Whales pointing their nose again with coordinated big buys within few minutes, trying to incite another rally???

It looks a bit like bulls in action;))) We'll see how long it lasts ...

[crumbs]

Aaand it's gone...

[gizmoh]

I was right, 2k wall just pooped up at 95, the big manipulation boys are back! Its going to be tough this time to fight the monster asks ahead.

Edit: wall vanished

[solex]

One thing is clear to me, we are still on a downtrend unless we touch at least $108 and $120 later (i always look at daily charts for that matter)

The price action in the last few hours indicates that $108 is in the gun-sights. There is no real enthusiasm for a full retreat after the foray to $104.

[Loozik]

I wonder when panic buying is going to start. Next cheap coins, after Mrs Markets have climaxed again with a higher high, will be in region of 103 - 105...

[Walsoraj]

My USD cannons are firing. I intend to rocket us past $102, at the least. 

[Loozik]

My USD cannons are firing. I intend to rocket us past $102, at the least. 

Very good. Keep on good work 

[gizmoh]

One thing is clear to me, we are still on a downtrend unless we touch at least $108 and $120 later (i always look at daily charts for that matter)

The price action in the last few hours indicates that $108 is in the gun-sights. There is no real enthusiasm for a full retreat after the foray to $104.

I can hardly see the enthusiasm in the bids (wall is found at 90), only coordinated large buys from a (few) whale to entice panic buying again.. And you know they always shit on us  later on..

[Abandon]

Reverse Head and Shoulders that broke the neckline. Looks like we can expect yet another bubble.

[Ultraviolet]

I can hardly see the enthusiasm in the bids (wall is found at 90), only coordinated large buys from a (few) whale to entice panic buying again.. And you know they always shit on us  later on..

I think it's more profitable for whales to let the ask side build depth below 100 and then market buy rather than put up a 5k wall at like 94 that never gets filled.

[Loozik]

One thing is clear to me, we are still on a downtrend unless we touch at least $108 and $120 later (i always look at daily charts for that matter)

The price action in the last few hours indicates that $108 is in the gun-sights. There is no real enthusiasm for a full retreat after the foray to $104.

I can hardly see the enthusiasm in the bids (wall is found at 90), only coordinated large buys from a (few) whale to entice panic buying again.. And you know they always shit on us  later on..

Whales are your friends. When whales make mistakes, you just seize the opportunity and screw them.

Trust me, whales make mistakes very frequently, not only here (our whales are still in their infancy), but also in more matured / unfriendly markets. I saw traders from SG, Rabo and others blowing huge accounts and smart traders screwing them rather easily and mercilessly.

Go to:
- ''kreslik'' trading forum - this used to be a very good forum, now it became shitty
- ''steven hopwood something'' forum - never been there but a fellow trader posted there (not sure if he still posts) so posts and learning resources must be of good quality
and learn how to screw whales.

[ag@th0s]

My USD cannons are firing. I intend to rocket us past $102, at the least. 

Shooting blanks again - or did the mice get at your powder?

[Loozik]

My USD cannons are firing. I intend to rocket us past $102, at the least. 

Shooting blanks again - or did the mice get at your powder?

He is waiting for the price to go down a bit, right?

[gizmoh]

Reverse Head and Shoulders that broke the neckline. Looks like we can expect yet another bubble.

I'd bet they wanted to mess with the charts also  

At loozik, in a small market like bitcoin ,it is easier to manipulate hence profit.