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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Argwai96]

Looking good. I mean, for those people who are wanting to buy.

Yeah, looking like it.

100% retrace and then some on that pump. I guess it was just a short squeeze after all. Damn..... life of a bagholder.

[ChartBuddy]

Explanation

[molecular]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!

do you have the means to check this? If so I would like to kindly ask you to do so.

[ChartBuddy]

Explanation

[byronbb]

edit


The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.

You are trying to say that the selloff is corelated to the bitcoin days destroyed or am I missing something here?

Ya. Old coins raced to sell off into +800. Basically it helps me be optimistic we aren't in for a huge dump.

[birr]

the overwhelming majority of mined coins...  a massive bubble imminent.

inside the SEC... bread is buttered... bull move.

Aminorex, you keep talking about these optimistic scenarios involving mined coins, the sec and I don't know what comes next

If [thing 1] then--> Bull run!
If [thing 2] then--> Bull run!

[windjc]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!

do you have the means to check this? If so I would like to kindly ask you to do so.

Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.

A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.

[ChartBuddy]

Explanation

[Davyd05]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!

do you have the means to check this? If so I would like to kindly ask you to do so.

Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.

A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.

i wouldn't put it past them to get a jump on the fall, by accumulating all summer and if the hording phase and or bull run comes on the profit taking shall be glorious.

[Wandererfromthenorth]

Next week should be interesting
Around the 14th-21th August we will be at a breakout point. Great opportunity to make a profitable trade by buying or selling if we breakout or break down

[molecular]

Next week should be interesting

been hearing that since beginning of the year basically ;-)

[Wandererfromthenorth]

Next week should be interesting

been hearing that since beginning of the year basically ;-)

By interesting I mean a major move, not necessarily a major move up

[rpietila]

I hope it goes to 470 to give a gleaning point.

[Wandererfromthenorth]

Next week should be interesting

been hearing that since beginning of the year basically ;-)

By interesting I mean a major move, not necessarily a major move up

Two weeks ago was another great breakout point, and we broke down, so if you would have sold as soon as we started to go down, you would have made a great trade
I am looking to do the same next week. Waiting if we breakout or break down and buying or selling accordingly

[Davyd05]

I hope it goes to 470 to give a gleaning point.

490 usd is my avg buy in.. 470 means I have to exhaust fiat cannons. However I can't see that happening.. it would be a really organized manipulation at this point.. the market seems really stuck in this band.

[JayJuanGee]

Looking good. I mean, for those people who are wanting to buy.

Yeah, looking like it.

100% retrace and then some on that pump. I guess it was just a short squeeze after all. Damn..... life of a bagholder.

What kind of a bag holder are you?  Hopefully BTC!!!  Much better to be in BTC than in fiat... just need a little patients.. could be one day or could be six months.  Yet, in the end, it is going to be better to be a "bag holder," so long the bag that your holding contains BTC rather than fiat.

[JayJuanGee]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!

do you have the means to check this? If so I would like to kindly ask you to do so.

+1... I would like to second that and to "kindly ask" you to check into the matter.... and report back to us...     

[ChartBuddy]

Explanation