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

[damnek]

a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.

I challenge this for two reasons;

- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.

- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!

Let me remind you that facebook bought whatsapp for 19 billion USD.

[chessnut]

a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.

I challenge this for two reasons;

- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.

- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!

Let me remind you that facebook bought whatsapp for 19 billion USD.

yup, but which bank is going to quietly facilitate the transfer of 10 billion dollars to BTCe or Bitstamp, that is subject to hacking and scandal.

I trust these exchanges myself, but they are not legitimate enough for institutional money.

[inca]

Well someone is buying high and selling low.

[threecats]

Well, we are looking over the edge of 554.  Interesting chart about this level here :   https://www.tradingview.com/v/xuxiBBXC/

edit: press the play button on the chart.

[inca]

Only around 800 coins to buy up the entire order book on bitstamp..

[tarmi]

to me, only question of time when 530 $ is breach.

then it will be panic time.

[chessnut]

to me, only question of time when 530 $ is breach.

then it will be panic time.

+1

and 3400 in china

[magicmexican]

buy high, sell low, dat market

[inca]

to me, only question of time when 530 $ is breach.

then it will be panic time.

2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.

[tarmi]

to me, only question of time when 530 $ is breach.

then it will be panic time.

2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.

in a bear market? good luck!


just place your bids low enough. dont fall in bull traps.

[ChartBuddy]

Explanation

[inca]

to me, only question of time when 530 $ is breach.

then it will be panic time.

2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.

in a bear market? good luck!


just place your bids low enough. dont fall in bull traps.

Bottom picking is a dirty business as they say. But look at the overall trend from ATH, a steady decline. All it takes is a push above trendline into the low 6xx's and we are technically off to the races. Also we have a series of higher lows, the most recent of which is 400. So if we bounce as I expect we will and trend higher even slightly then suddenly the setup is rather bullish and this price looks like an excellent entry. If we bounce

[Broseph Stalin]

My bids are placed from $450-388. I don't think we'll go lower than that.

[mah87]

My bids are placed from $450-388. I don't think we'll go lower than that.

ANy reason for this fall ?

[tarmi]

to me, only question of time when 530 $ is breach.

then it will be panic time.

2000 coins on bitstamp before that. Single small buy and we shoot back up into the 580's and beyond. But yeah the chart looks bearish. Any sign of a turn and ill buy my next twenty coins.

in a bear market? good luck!


just place your bids low enough. dont fall in bull traps.

Bottom picking is a dirty business as they say. But look at the overall trend from ATH, a steady decline. All it takes is a push above trendline into the low 6xx's and we are technically off to the races. Also we have a series of higher lows, the most recent of which is 400. So if we bounce as I expect we will and trend higher even slightly then suddenly the setup is rather bullish and this price looks like an excellent entry. If we bounce

we already had several pushes and all of them were bull traps. thats the main reason why the ask side is thin. all coins are off the books.

better to wait for confirmed bottom then to fall into traps.

just be patient.

[shields]

This feels like capitulation.

[Broseph Stalin]

My bids are placed from $450-388. I don't think we'll go lower than that.

ANy reason for this fall ?

Speculating here but.. not enough new blood, plenty of people who bought at $1000 and are losing faith. I don't know.
But I certainly don't see any reason for us to go below the $380 level, which if I remember correctly, was about where the November rally really took off.

[damnek]

This feels like capitulation.

If you're right, then long bitcoin short stocks could be an extremely profitable trade right now. That's what my money is on.

[chessnut]

This feels like capitulation.

If you're right, then long bitcoin short stocks could be an extremely profitable trade right now. That's what my money is on.

+++++111111111111


it does feel like capitulation....... and more exciting.... there is a technical entry! we have terminated a wedge, wedges are terminal movement. a fifth wave follows a wedge usually, and that hits a price extreme.

I wish I could show yo a graph for all exchanges but Im not sure how to post pictures here.

[magicmexican]

i think bears are getting greedy