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

[wachtwoord]

Monkey says  610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.

Thank you for the 500 BTC buy on Stamp, but it still only managed to push us up to $619 

Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.

With half the bullish sentiment that we had yesterday then wall guys coins would be gone now I think 

Don't know why there's still so much selling pressure.

[nrd525]

Has the Bitfinex Sentiment Index ever NOT been Very Bullish?

Yes.  It even has gone slightly bearish, but only during the strongest bear markets.

It has never been Very Bearish.

[wachtwoord]

Has the Bitfinex Sentiment Index ever NOT been Very Bullish?

Yes.  It even has gone slightly bearish, but only during the strongest bear markets.

It has never been Very Bearish.

Has the Bitcoin market ever been not bullish?

(Answer: zooming out: NO).

[BitchImightbe]

C´mon BTC, do something 

[iram3130]

Monkey says  610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.

Thank you for the 500 BTC buy on Stamp, but it still only managed to push us up to $619 

Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.

With half the bullish sentiment that we had yesterday then wall guys coins would be gone now I think 

Don't know why there's still so much selling pressure.

We are not still on bullish mode, we are still sideways and consolidating that is good for future price when price will move upwards so 600 marks will be base.

[wachtwoord]

Monkey says  610 was probably a bottom for the day.
I know that will seem obvious to many.
But hey, I'm buying so I'd like company.

Thank you for the 500 BTC buy on Stamp, but it still only managed to push us up to $619 

Not much beneficial, we need big buying order, 500-1k won't push too much. Selling pressure is big.

With half the bullish sentiment that we had yesterday then wall guys coins would be gone now I think 

Don't know why there's still so much selling pressure.

We are not still on bullish mode, we are still sideways and consolidating that is good for future price when price will move upwards so 600 marks will be base.

I agree but I would assume for the walls to dry up and the volume to slowly approach zero before the lift off.

[Krabby]

Dat' Wedge do'.

[wachtwoord]

How the hell did you come up with the lower line of the wedge (the white line)?

[Krabby]

How the hell did you come up with the lower line of the wedge (the white line)?

It's my last hope for the long term trendline still existing.

And it's not part of the wedge.

[DubFX]

It can't go up the whole time, be happy that you can buy in while price is stable +-10$ than part of you would cry if it would go down and other part that is late would cry if the rate would go down.

[CEG5952]

Seems I went bull too early. Staggered bids and still all in $8 above the low here. Hope we can get some bounce soon, bulls are still looking weak...

[edwardspitz]

How the hell did you come up with the lower line of the wedge (the white line)?

It's my last hope for the long term trendline still existing.

And it's not part of the wedge.

I might be superstitious, but I always seem to make bad trading decisions when we are near that trendline. So I wouldn't mind moving away from it. Preferably up  

[Erdogan]

C´mon BTC, do something 

Ehhh...

or maybe

Ah!

[ChartBuddy]

Explanation

[jeezy]

C´mon BTC, do something 

What are you talking about, it's doing something every second 

[hmmmstrange]

C´mon BTC, do something 

[hyphymikey]

I just noticed the 1W MACD, after the last few bubbles, it would finally turn green then went back red for a week or two then once it broke green the second time the next bubble started. We have only gone green the first time since the last bubble. That may be holding back some TA strict whales. That doesn't necessarily mean it has to happen, as now I think the market participation is so big people will try to jump the gun and may keep the MACD from turning back red. All it would take is one whale to dump and make it red, but who would take the risk?

[ShameOnYou]

Looks like everyone is still waiting for a move from China. Holding some bags from 623 BTC-E and 633 Bitfinex, nothing too heavy. Just hope we turn this around soon.

[molecular]

What stage are we at? Like I said: no market goes straight up. And if it had continued the way it was all the easy money guys, the speculators, the get-rich-quick people, those people almost never get rewarded. They jump in and out of things and they loose. There has to be a shakeout to have a healthy bull market. If it continued going, the blow-off top (the peak) would be a lot sooner and a lot lower. It's going to go far far higher because of this healthy shakeout we've got.

Mike Maloney (in a different context, but who cares?)

[ChartBuddy]

Explanation