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

[BotanicKilt]

Calling it...

Final low on Bitstamp ----> $2236

Don't say so.

[Hyperjacked]

This is not free market behaviour.
Theres a mad "professor" dumping his bags. More than any buyer can absorb.

There are many large holders from early years to whom $1000 per BTC represents a huge price.

They may have been confident before, but they might be inclined to sell 100,000's of BTC to avoid even a small chance of losing everything. That could be many billions of dollars that someone has to cough up.

There were huge sales at around $200 in 2015, and there is plenty more where that came from.

Balance will eventually be found, but the bottom is not yet predictable.

1000$ was huge! Many have been sucked into the price increase and thought it would continue...

See everyone lower

[criptix]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

[Majormax]

Honestly, if this isn't the last capitulation then I don't know what is.

All this constant, concentrated selling and shorting....with zero impetus....seen this movie before.

I still think the volume is not quite there.  Have a look at 1D and 4H. 

Yes.  2 or 3 days at $10BN might be needed to clear the large stashes which have become nervous.

[lightfoot]

Bcash SV up 43%.. so organic.

Think of it this way: People funded this monster by buying that Antminer crap and letting them drive other miners out.

Payback time.

[Majormax]

Calling it...

Final low on Bitstamp ----> $2236

Reasoning ?

(otherwise it's a useless guess)

[El duderino_]

via Imgflip Meme Generator

Sort of ......

[gentlemand]

There are many large holders from early years to whom $1000 per BTC represents a huge price.

They may have been confident before, but they might be inclined to sell 100,000's of BTC to avoid even a small chance of losing everything. That could be many billions of dollars that someone has to cough up.

There were huge sales at around $200 in 2015, and there is plenty more where that came from.

Balance will eventually be found, but the bottom is not yet predictable.

That's what they said when $1000 was approaching again in 2016. You may have noticed it carried on a little further upward.

The Gox creditors will be far less predictable. If old schoolers are still here then most will know what's what. They can get rid of their SV in the meantime though.

[jonoiv]

droopy shit like a clasic Dali.

[El duderino_]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

A bounce doesn’t mean shit if its followed by a drop
Steady up trend is what we need
Smooth step by step moon by moon

[PoolMinor]

Buy order got filled @ $3344.

WTF!

Edit:
Time for a frosty Guinness Draught Stout! Thanks to Bob.

[El duderino_]

F*** that late already..... gotta go to my HODLcave
Curious about tomorrow morning  

[El duderino_]

Buy order got filled @ $3344.

WTF!

If it was out there ..... Then it was desired to get filled, so be happy and look for a reverse of market

[criptix]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

A bounce doesn’t mean shit if its followed by a drop
Steady up trend is what we need
Smooth step by step moon by moon

That was for the people who didnt sell yet or want to short


My target is 3k (for now)

[TeeBone]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

My guess is heavy defense @$2900. One more pump up. Then capitulation.

[jonoiv]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

My guess is heavy defense @$2900. One more pump up. Then capitulation.

yer if no recovery soon 2.8 - 2.9 then massive rally

[somac.]

Something positive:

Indicators say its quite oversold so chance of a bounce is there

My guess is heavy defense @$2900. One more pump up. Then capitulation.

yer if no recovery soon 2.8 - 2.9 then massive rally

hate to say it but that might be a better option

[HairyMaclairy]

BCH momentarily rallied above Tether and back down again now

[becoin]

This is not free market behaviour.
Theres a mad "professor" dumping his bags. More than any buyer can absorb.

if Ver and Wu were smart they would give up on ABC, dump both ABC and SV, and buy Bitcoin. that would fuck faketoshi over

SV has flipped ABC. SV up 27% today. Strange how ver/wu allowed this to happen considering their huge SV stash

In fact they only pretend there is war between ver/wu and csw. This is a combination to trick as many bitcoin hodlers as possible to buy svcash first and then abccash. Both parties ver/wu + csw are now selling their last bitcoins and buying svcash. Expect ferocious dump when a lot of monkeys get on the svcash tree. This dump will pump abccash. Then both shitcoins will be dumped for bitcoins to cook the books of Bitmain by the end of this month. Expect exceptional volatility the rest of the month!

Not a bad idea at all. Bitcoin was too stable for very prolonged period. Market needs volatility. Without volatility exchanges are dying. So, ver, wu and csw decided to produce the desired effect and give us this little show. Bitmain are generally bankrupted and have nothing to lose. And we, of course, are grateful for the cheap coins!

[HairyMaclairy]

Yes best to completely ignore these shitcoin PNDs and focus exclusively on Bitcoin.