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

[ChartBuddy]

Explanation

[Dalmar]

This will probably be the Big move. I have just filled up another round of short positions.

You are going to get squeezed 

[wachtwoord]

This will probably be the Big move. I have just filled up another round of short positions.

Short? Is that a typo?

[FNG]

Its crazy to imagine that this rally could be caused by a billionaire trying to get a nice stake in bitcoin.

Could be caused by a very small millionaire. Not much money going in.
Fireworks have yet to begin

[ChrisML]

Yeah the same old game. The price rises a little and all the bulls crawl out of their hideouts to bathe in self-praise while laughing about bears. Two days later they are gone again. And vice versa of course.

I actually think we will see a nice rise this week. Without any dumping at the end.

Like I said. Nomnomnom

[phatsphere]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

[lebing]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

why would that indicate a panic buy?

[p0peji]

This will probably be the Big move. I have just filled up another round of short positions.

Short? Is that a typo?

nope. but i have my stops set pretty narrow and right now the bet against this raise seems like a good one.

[p0peji]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

why would that indicate a panic buy?

Maybe people feel safe to buy, because they think the bottom is in?

[sonofliberty]

ccmf?

You bet.

[zimmah]

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pretty sudden explosion, hope it keeps going like this.

[chromosoma]

it is a trap. Be careful

[ChrisML]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

why would that indicate a panic buy?

Maybe people feel safe to buy, because they think the bottom is in?

The bottom was in.

Goodluck with your shorts.

[studio1one]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

why would that indicate a panic buy?

Maybe people feel safe to buy, because they think the bottom is in?

 I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year.

[mooncake]

Where is windjc and TERA?

[Mythul]

OMG CCMF !!!!1

[minerpumpkin]

I wonder when TERA will acknowledge the fractal pattern has been broken. Maybe still too early, but this could go in the right direction (north)

[dannyspk]

So, panic buying once $475 is broken?

[Ultros]

So, panic buying once $475 is broken?

I have the finger pointed on the red button personally. Jumping in @ 480.

[zimmah]

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

of course it is still low, the rally started about an hour ago and since a day has 24 hours the daily volume has barely moved. Are you going to wait a full day in a market this volatile?

hourly volume, last hour 3190 and this hour 4200 (and climbing), we're still climbing.

the last time we have seen 4200 upwards volume was April 14th, moving from the 397 bottom to a 548 top and we haven't seen both these numbers for a while. furthermore, we haven't seen two hours of this kind of volume in a row, and especially not a case where the second hour had even more volume.

These are pretty strong signs, combined with multiple cases of broken resistance lines.

CCMF



/edit the volume of this hour is now 4600 and climbing and last WEEK we had a total volume of ~44000, so we have ~17% of last weeks volume in the past two hours

/edit2 as far back as the chart history goes we have not seen an hourly volume of 5000+ there probably never was this kind of volume before except during the november bull run!