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

[jerk]

the bear trap

[MatTheCat]

Prices are just about equal on Huobi, Stamp, and Okcoin right now...  That doesn't happen all that often

The other exchanges have seemed at times like they want to take off but the market is being nailed down by Wall Guy on Stamp. There was a wall yesterday 1500BTC strong at $670. Last time I checked today before I went out, there was a wall at $665 of over 1000 BTC; now that I have come back, that wall is sitting at $660. I guess it will keep advancing on the retreating Bid wall until it retreats no more.

$650 broke as I am typing. Good! I bought at $660 but the market needs shifting.

[ChartBuddy]

Explanation

[Cassius]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

More important question is - why would every bubble look the same?

Surface tension.
Less facetiously, there is a classic bubble progression - Google "Anatomy of a Bubble". Bitcoin does seem to do it well for some reason.

[JimboToronto]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

Someone here posted a log chart with data from Gox and then switching to Stamp some time last summer when the two were at par.

Anyone?

[fonzie]

[watcoin]

why do you not like BTC?

[aminorex]

now than an actual seller has cleared some room, perhaps we can overtake the fake wall at last.

[watcoin]

now than an actual seller has cleared some room, perhaps we can overtake the fake wall at last.

you are evil 

[deadley]

now than an actual seller has cleared some room, perhaps we can overtake the fake wall at last.

Its not fake wall already 1k market order ate by bearish

[kireinaha]

why do you not like BTC?

fonzie is on the payroll of several world governments to keep bitcoin down. They know that if and when bitcoin succeeds, their national currencies will be reduced to valueless paper. They want to delay that outcome as long as possible, and use people like fonzie to push that agenda.

[MatTheCat]

Prices are just about equal on Huobi, Stamp, and Okcoin right now...  That doesn't happen all that often

The other exchanges have seemed at times like they want to take off but the market is being nailed down by Wall Guy on Stamp. There was a wall yesterday 1500BTC strong at $670. Last time I checked today before I went out, there was a wall at $665 of over 1000 BTC; now that I have come back, that wall is sitting at $660. I guess it will keep advancing on the retreating Bid wall until it retreats no more.

$650 broke as I am typing. Good! I bought at $660 but the market needs shifting.

Wally The Wall Guy has just moved one of his 1000 BTC chips down to $655 on Stamp!

How far can he chase the market down?

now than an actual seller has cleared some room, perhaps we can overtake the fake wall at last.

Nothing fake about that wall. It may be a strategic wall other than a real attempt to sell 1000 BTC at the best possible price, but the wall is very real and the fact that it isn't being eaten up tells it's owner everything he needs to know about the market at this moment.

[JimboToronto]

BOOM! 

pop!   

[kickinyou]

just broken my bottom trend line :/

is that wall just to push down under the trendline maby ?

[Torque]

Whales are desperately trying to 'paint' a head and shoulders pattern they started on May 30th.

Don't let them win!  Don't give in, hodl!  

[watcoin]

why do you not like BTC?

fonzie is on the payroll of several world governments to keep bitcoin down. They know that if and when bitcoin succeeds, their national currencies will be reduced to valueless paper. They want to delay that outcome as long as possible, and use people like fonzie to push that agenda.

Oh then this video is for him....

https://www.youtube.com/watch?v=8fTAXVr8N40

[Bitcoin_is_here_to_stay]

Whales are desperately trying to 'paint' a head and shoulders pattern they started on May 4th.

Don't let them win!  Don't give in, hodl!  

Yeah, this last drop went below putative head and shoulders neckline

https://www.tradingview.com/v/q3nV14D3/

[fonzie]

You all can hodl as long and as much as you want(this won´t prevent the crash), the real question is how much pain can the Finex leveraged long holders take? It should get funny around 620-630$

 


PS: Also, China Ban! soonish

[JayJuanGee]

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

More important question is - why would every bubble look the same?

To me, it seems that Hyphymikey is referring to the overall trendline and its upward direction from bubble to bubble, and in that regard, Hyphymikey does NOT seem to be referring to the price pattern of any particular bubble resembling another but instead, he may be referring to the timeliness of when an investor or a HODLR could reasonably expect the next bubble to take place. 

We can use an overall trendline to see past performance and to gauge probabilities of another bubble occurring while at the same time realizing that there will likely exist some degree of variance between bubbles, in terms of their size, their intensity, their timing and/or even whether they are explosive or gradual.

Even though frequently posters will accuse other posters of being naive in their outlook (their optimism or pessimism) towards bitcoin; however, a large majority of us realize that the overall specifics of BTC price performance retains a considerable amount of variance.

[YogoH]

here




More http://imgur.com/a/eNTR1#lWHqwDV