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

[windjc]

How sad that people that most probably, this being a Bitcoin forum, have their individuality in high regard, engage in groupthink, feeding back feelings of contempt for Jorge ending in the preposterous certainty that he is a paid troll.

Fear.

Fear of what? I am short. Are you?

[fotosonics]

My sentiments regarding this downtrend.

https://www.youtube.com/watch?v=kNC2DUxJENY

That is all, your honor.

[windjc]

Twice in the last 24-30 hours of consolidation, when we have threatened to break down a large(sh) order on stamp has shot the price back up. First one for 1000+ btc, the 2nd for 500+ btc.

Someone is buying dips right now.

Plus we had that 15k wall that bought around 1000 BTC at $500 by forcing the market into its buy orders.

Buyers seem to be more eager than sellers at least for substantial orders. Sellers seem to waiting to buy in lower as the market drip drip drips downwards.

[chessnut]

large buy orders too. I dont see why the price is falling, but will see soon 

[aminorex]

Might be a local bottom, if no dumper shows up.  Won't be an uptrend until it passes 530, although we did have a series of 3 higher lows already, so anything over 530 is a pretty clear uptrend.

[chessnut]

that spike on stamp was test positive of the upper wedge.

[seleme]

People just have to have a position on both sides at moments like this. Small losses on either side are OK as movements will be big enough to counter that with gains on other side.

I'm not in position to be equally in fiat right now as I have lot of coins invested in alts (started bit early though) and some shares but I definitely keep some fiat and I don't care if it breakout on upside and I lose some money on that position.

[windjc]

Might be a local bottom, if no dumper shows up.  Won't be an uptrend until it passes 530, although we did have a series of 3 higher lows already, so anything over 530 is a pretty clear uptrend.

If no buyer shows up this is not going to be a local bottom. 466 maybe, but not 490.  This thing is about $10 from breaking under the bottom fib line. I think if we break down under 480, a retest close to the bottom is almost guaranteed.

[Bebopzzz]

Bid to ask ratio is 1:3.54   

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days


Could this be somebody showing off their muscles or is this for real?

[N12]

Bid to ask ratio is 1:3.54   

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days


Could this be somebody showing off their muscles or is this for real?

Given that all the CNY is being withdrawn from Chinese markets, where do you think all the China coins are going to go?

[windjc]

Houbi waking up. Selling.

[fotosonics]

Bid to ask ratio is 1:3.54  

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days


Could this be somebody showing off their muscles or is this for real?

Given that all the CNY is being withdrawn from Chinese markets, where do you think all the China coins are going to go?

http://www.icij.org/offshore/leaked-records-reveal-offshore-holdings-chinas-elite

[seleme]

I'm so sleepy I barely can watch on my eyes. And yet I don't feel comfortable to go to bed  

Bitcoin is going to kill me.

[Erdogan]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.   

Jorgi, are you a paid troll? Serious question.

Probably he has taken on, by himseld, to be the useful idiot who support the government and the bankers. He is doing this in hope of being rewarded later on. A house slave, elevated over the general working slaves. He is a dog in a chain. What he doesn't know, is that when he is not useful anymore, he will be thrown under the bus, or directly in the meat grinder. Useful as biomass.

[Bebopzzz]

Bid to ask ratio is 1:3.54   

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days


Could this be somebody showing off their muscles or is this for real?

Given that all the CNY is being withdrawn from Chinese markets, where do you think all the China coins are going to go?

Doesn't compute

If they chose to get out of china why would they be selling? They can do that on chinese market til 15.4. (allegedly)

[N12]

Bid to ask ratio is 1:3.54   

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days


Could this be somebody showing off their muscles or is this for real?

Given that all the CNY is being withdrawn from Chinese markets, where do you think all the China coins are going to go?

Doesn't compute

If they chose to get out of china why would they be selling? They can do that on chinese market til 15.4. (allegedly)

Disproportionate amount of CNY withdrawn => lower price vs. non-chinese market => transfering coins to sell elsewhere for arbitrage.

[seleme]

So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..   Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.

Rather: the reason price is still up is because those who hold thousands of coins need other people to invest so that the price will go up. So they pay for ads and positive reviews, to keep spreading lies and hiding the uncomfortable facts.   

Jorgi, are you a paid troll? Serious question.

Probably he has taken on, by himseld, to be the useful idiot who support the government and the bankers. He is doing this in hope of being rewarded later on. A house slave, elevated over the general working slaves. He is a dog in a chain. What he doesn't know, is that when he is not useful anymore, he will be thrown under the bus, or directly in the meat grinder. Useful as biomass.

Nah, I think you guys are going over the line. He is not paid nor he will be awarded for his posts from anyone, there's nobody who would pay him to do it, tbh.

He is just intellectual troll who find this as some kind of perverse challenge for himself, he's probably licking his lips now how he is doing us here.

I0ve never seen anyone spending so much time on the subject he thinks it's a failure though, sad state of mind really.

[hyphymikey]

I'm confused at who would sell over 1K BTC at these low prices. Unless they are dumping on a schedule no matter the price.

[spooderman]

My sentiments regarding this downtrend.

https://www.youtube.com/watch?v=kNC2DUxJENY

That is all, your honor.

Haha excellent.

Also, Monday something happens to price. Goes up loads, or down quite a lot. I base this on NOTHING obviously, but I dunno, just kinda feels like what will happen.

That's what goes on here right?

Anyone wanna subscribe to my newsletter?

[windjc]

I'm confused at who would sell over 1K BTC at these low prices. Unless they are dumping on a schedule no matter the price.

The markets are following Houbi for a sign. Houbi is selling right now.