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

[fragout]

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump. It’s $9,358 as I write this.

I agree that anyone should not get too comfortable, but demand is increasing the last few days . +$45 million on the buy side on stamp. I think a lot of the weak hands have sold already and those that havent are not inclined to sell @50% of ATH
Im sure there is a lot of nervousness out there too but if confidence is restored, I think there is a lot of cash waiting on the sidelines to jump back in.

[HairyMaclairy]

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump.

my new local bottom is 7500. heard it on the rapevine

A 20% drop from $9,350 is $7,480.  Sounds like a big dip but could be on the money.

[Last of the V8s]

@KamilBrejcha https://twitter.com/KamilBrejcha/status/972438246528569344

Who would imagine that mining cryptocurrencies and agriculture can work together?  The first batch of cryptomatoes is ready to be harvested. We are using the excess heat for the tomato greenhouse and it is working:-)

[ACVinegar]

Price for today are fluctuating a little bit, but still holding my amount.

I know that we experience crypto currencies crisis due to lots of withdrawals from the previous.

However I believe that after this fall down it will recover.

[savetherainforest]

@KamilBrejcha https://twitter.com/KamilBrejcha/status/972438246528569344

Who would imagine that mining cryptocurrencies and agriculture can work together?
  The first batch of cryptomatoes is ready to be harvested.
 We are using the excess heat for the tomato greenhouse and it is working:-)

This is pure gold!!! ... I was thinking about doing this as well.

[600watt]

^^no cryptotomato ICO? nice... 

[jojo69]

I think they are going to hold us down until after US tax day.  They know a lot of people have to sell some to make taxes, and they want those coins cheap.

[STT]

^^   Thats a self fulfilling prophesy.   Its really how the markets work, people sell before an event and then that event becomes an ironic point of strength as the selling is over.    Its not a bad point, I think it also occurs with stocks as alot of stocks are cashed in before quarter ends so that investment companies can mark off gains.     Is BTC still based around peoples income flows/taxes or more company balance sheets I wonder and surely not just USA but globally?


The bottom pricing held roughly, bottom of a long term channel, about 8895 now.  Late FEB low is around this current price , some profit taking from the more aggressive speculators who buy into the lows(and recovery) I would guess

[LFC_Bitcoin]

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump.

my new local bottom is 7500. heard it on the rapevine

[Toxic2040]

Good Morning guys. Looks like like a local uptrend is still in place.  #dyor #btfd

[Karartma1]

I had not seen that before.  Thank you.

It would be helpful to get the original Japanese and have a second opinion from a native speaker as to the meaning of the bolded words.  
...

Satoshi left us, he could have helped

[Vlada69]

I had not seen that before.  Thank you.

It would be helpful to get the original Japanese and have a second opinion from a native speaker as to the meaning of the bolded words.  
...

Satoshi left us, he could have helped

This is his site so he might hear you

[fragout]

Bitstamp series of walls @$9200 getting eaten.

[Ludwig Von]

Bitstamp series of walls @$9200 getting eaten.

"Tokyo express" is back... .

[marcus_of_augustus]

Kobayashi hit the Asahi dry followed with saki and fine scotch late into Saturday night ...now he has woken up like a bear with a sore head.

Bitcoin is going to get smacked around like a geisha

[Bitcoinaire]

These drops are tiresome.

[fragout]

Btc market is sickening to watch at times. One guy was walling up on stamp for the last few hours and slowly forcing the price down from $9400. He got it down to around 9100 and then pulled the wall and dumped the price another $200. Added the walls again and continued selling. Looked like he was working with about 1000 btc but probably has more in reserve.
Bitfinex and the other exchanges followed like sheep even though their volume is much higher.

[rafanadal]

These drops are tiresome.

And worrisome.

[rafanadal]

What's the logic behind a weekend dump anyway?

[rafanadal]

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