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

[Blue]

here we go again ... on huobi

edit: okcoin

[ChartBuddy]

Explanation

[Dotto]

Anybody else think we double bottom here?

second botton has no volume

[podyx]

I hope we aren't gonna consolidate here at 600 for another month

[adamstgBit]

Just don't tell me we gonna consolidate here at 600 for another month

more like 2 months

[Sandia]

Anyone else notice the dozens of 0.501 buys on Bitfinex?  Someone is moving us up in stealth mode.

[BitChick]

Someone start buying or I am going to start talking about religion again!

I am just doing what I can to help here.   

[derpinheimer]

Anyone else notice the dozens of 0.501 buys on Bitfinex?  Someone is moving us up in stealth mode.

Nothing significant yet, but interesting.

[roslinpl]

Anyone else notice the dozens of 0.501 buys on Bitfinex?  Someone is moving us up in stealth mode.

Nothing significant yet, but interesting.

Not really stealth if you spotted it
But someone is trying to push it up indeed

Well this is a time when Wall Observing is fun again! but I wasn't hopin' for any droppin.. I was predicting a rally instead ....

[kireinaha]

I feel bad for everyone who sold at < $600 expecting it to drop further.

[BitChick]

I feel bad for everyone who sold at < $600 expecting it to drop further.

They can just buy back now.

It really isn't that big of a loss at this point.

[deadley]

I feel bad for everyone who sold at < $600 expecting it to drop further.

Why you are feeling bad, market still around 600, so you can't say we are now going upwards.

[BitChick]

I feel bad for people not buying any coins right now.  We may very well never see it this low again.  Once the rally starts and then consolidates I think we might never see the price below $1000.

[BitChick]

I feel bad for people not buying any coins right now.  We may very well never see it this low again.  Once the rally starts and then consolidates I think we might never see anything below $1000.

Might? Why so uncertain?

After the next growth spurt there will never be prices below $1k for 10^8 Satoshi, aka 1 BTC, ever again.

I have less faith in Bitcoin than other things.

[kireinaha]

I feel bad for everyone who sold at < $600 expecting it to drop further.

Why you are feeling bad, market still around 600, so you can't say we are now going upwards.

Pretty much everyone who was going to sell has already done it, except for our bear whale friend who has been dumping incrementally for the last few weeks. The mythical date of July 24 has come, and it was completely natural and healthy for a few holders to get spooked and sell, anticipating a sharp drop. Now that we're stable again at $600, they'll likely buy back in and we'll go up again.

[ArbatDeli]

I feel bad for everyone who sold at < $600 expecting it to drop further.

Maybe. But what if $560 is next? TV chat -- everyone says $400s incoming.....

[Chalkbot]

I feel bad for everyone who sold at < $600 expecting it to drop further.

Why you are feeling bad, market still around 600, so you can't say we are now going upwards.

Pretty much everyone who was going to sell has already done it, except for our bear whale friend who has been dumping incrementally for the last few weeks. The mythical date of July 24 has come, and it was completely natural and healthy for a few holders to get spooked and sell, anticipating a sharp drop. Now that we're stable again at $600, they'll likely buy back in and we'll go up again.

We'll cautiously go back up, and then the same thing will happen again. Sharp drop back to 600 range. This will repeat several times until it no longer causes a panic and we enter full fledged bull mode. The last sharp drop will recover in less than 2 hours, and we'll know all the sheep are off the train.

[ArbatDeli]

I feel bad for everyone who sold at < $600 expecting it to drop further.

Why you are feeling bad, market still around 600, so you can't say we are now going upwards.

Pretty much everyone who was going to sell has already done it, except for our bear whale friend who has been dumping incrementally for the last few weeks. The mythical date of July 24 has come, and it was completely natural and healthy for a few holders to get spooked and sell, anticipating a sharp drop. Now that we're stable again at $600, they'll likely buy back in and we'll go up again.

Well, my worry is that we just had a tight contraction in price action that broke to the downside. That could indicate that there is more to come.

[siggy]

"Night gathers, and now my watch begins. It shall not end until my death. I shall take no wife, hold no lands, father no children. I shall wear no crowns and win no glory. I shall live and die as I post. I am the sword in the darkness. I am the watcher of the walls. I am the shield that guards the realms of men. I pledge my life and honor to the Night's Watch, for this night and all the nights to come."

Notably absent in the above:  "I shall visit no brothel" .. or any variation thereof.

[ChartBuddy]