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

[JayJuanGee]

I should've sold more in January.....

That's what she said.

[HairyMaclairy]

Burn the alts to the ground.  Burn motherfuckers burn.

Bcash lol clinging to the bottom side of $1k.  They let that go and it’s a a slippery dip. 

[JayJuanGee]

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??

That is not true.

It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market.  BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.

According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while.

If you think about the USD/BTC trade volume on various exchanges between December and February, we had quite a few days, just in USD/BTC trading that was well over 100k btc in just one day... and w had some exchanges that were approaching 100k BTC  daily individually.  Spread that out over a week, a month, or three months, and you have stupendous BTC trade volume that can easily absorb that number of coins with hardly a burb.

[Paashaas]

Burn the alts to the ground.  Burn motherfuckers burn.

Bcash lol clinging to the bottom side of $1k.  They let that go and it’s a a slippery dip. 

[babanana]

If gox coins going auction, I would love to bid. Of course, just crumbs, if they will open.  

[infofront]

[realr0ach]

[JayJuanGee]

oversold up to the 4 hourly

imma ladder buy down from here

I have been ladder buying since about $10700 and all the way down to here.        I must be doing something wrong.    

I gots me more BTCs but less moneyes.   

[infofront]

oversold up to the 4 hourly

imma ladder buy down from here

I have been ladder buying since about $10700 and all the way down to here.        I must be doing something wrong.    

I gots me more BTCs but less moneyes.   

Oh shit, JJG's account was hacked!

[Nivir]

My first bag already full. Few more bags waiting below. What caused this drop? Gox? There's not much fud unlike the week when it drops from 20k to 11k.
I thought we're already on smooth sailing from last week's bull.

Bitcoin is really full of surprises!

My bags are more than full too.😂 I thought bitcoin go straight to $14,000 when it broke $12,000. So it seems breaking of ath really happens 2nd half this year again?😁

[moneyForjam]

Elliott count
https://imgur.com/a/vu2Fp

[Rosewater Foundation]

[Toxic2040]

Double dipping. #btfd

[realr0ach]

Elliott count
https://imgur.com/a/vu2Fp

What in the flying fuck is Elliot wave useful for in the least aggregate market on the planet?  You do know the market is entirely controlled by a single entity operating on Bitfinex since $200 right?  And that almost every volume short in bitcoin ever has been squeezed?  The second all chartists agree that X point is the perfect spot to short, they'll just print a billion tethers and squeeze you.  Or some random guy with 200,000 illiquid asset coins he can't even sell in the first place will use them as long collateral to squeeze you.

The moral of the story is:  don't participate in rigged markets (unless they're rigged to the downside, that's when you walk in and buy).  Almost every asset on earth is in a bubble right now.  The only asymmetric trade around that's been rigged to the downside is gold and silver - especially silver.

[jojo69]

it lives

[bones261]

it lives

[HairyMaclairy]

Engage 1 minute candles !

[moneyForjam]

Elliott count
https://imgur.com/a/vu2Fp

What in the flying fuck is Elliot wave useful for in the least aggregate market on the planet?  You do know the market is entirely controlled by a single entity operating on Bitfinex since $200 right?  And that almost every volume short in bitcoin ever has been squeezed?  The second all chartists agree that X point is the perfect spot to short, they'll just print a billion tethers and squeeze you.  Or some random guy with 200,000 illiquid asset coins he can't even sell in the first place will use them as long collateral to squeeze you.

The moral of the story is:  don't participate in rigged markets (unless they're rigged to the downside, that's when you walk in and buy).  Almost every asset on earth is in a bubble right now.  The only asymmetric trade around that's been rigged to the downside is gold and silver - especially silver.

I understand your crushed bull soul is being devoured by the devil. Heres a tissue *passes a tissue*

Don't you cry tonight
I still love you baby
Don't you cry tonight
Don't you cry tonight
There's a (bull) heaven above you baby
And don't you cry tonight

[realr0ach]

Engage 1 minute candles !

I'm surprised there's a single person on the buy side after the IRS started sending out letters to Coinbase users telling them coins they bought for pennies require thousands of dollars in taxes on even if they used the coins to do something like buy a pizza before the price went up.  Blockchain is "the future" alright; the future of Orwellian digital prisons and being enslaved by the government.

[Anon136]

Engage 1 minute candles !

I'm surprised there's a single person on the buy side after the IRS started sending out letters to Coinbase users telling them coins they bought for pennies require thousands of dollars in taxes on even if they used the coins to do something like buy a pizza before the price went up.  Blockchain is "the future" alright; the future of being trapped in a digital prison and enslaved by the government.

Would you like to propose a better alternative or just grouse about?