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

[wachtwoord]

Who hasn't cut his loose?

You mean losses? Who has losses anyway? 

It's quite impressive to be involved in continuously exponentially rising asset such as Bitcoin for more than a year and to manage NOT to be in the green.

[falllling]

No more upwards manipulation? Looks like the manipulators surrendered finally.

dead cat bounces won't last

[solex]

I wonder if my prediction of 460-450$ will hold

$450 is massive support. It has to have a major bounce there, even if it trends lower after that.

[Bitcycle]

About to get ugly for you shorters.  Try not to trample each other too much when you're covering.  Don't worry, there's room for at least 3 or 4 of you to profit!

[Newbie1022]

About to get ugly for you shorters.  Try not to trample each other too much when you're covering.  Don't worry, there's room for at least 3 or 4 of you to profit!

This rally has fewer legs than Lieutenant Dan.

[fonzie]

Stamp still ~15$ higher than China. This won´t end well.

[mmitech]

I wonder if my prediction of 460-450$ will hold

$450 is massive support. It has to have a major bounce there, even if it trends lower after that.

I think that 450 is not going to hold for a long time, hell I think even 400 is not going to hold if we continue this way, I am full fiat and waiting by the side for 2 weeks now, I think we are still far away from the bottom, I am not going to buy in the 400s range for sure.

[Wandererfromthenorth]

About to get ugly for you shorters.  Try not to trample each other too much when you're covering.  Don't worry, there's room for at least 3 or 4 of you to profit!

This rally has fewer legs than Lieutenant Dan.

Forrest Dump:


Dump Forrest, Dump!!!

[Newbie1022]

New crackpot theory... a lot of the buy and sell walls are the exact same amount... like 10.3 BTCs or some odd number. What if they are the same guy? He isn't losing much because he is just trading with himself.

[magicmexican]

I am not going to buy in the 400s range for sure.

This could be a mistake, you should consider buying some % in low 400's

[Miz4r]

Who hasn't cut his loose?

me. I use to go down with the ship since 2011 and always came back afloat richer. But I stay in crypto for other reasons too.  

Same here, 80% of my coins are in cold storage anyway so not bothering with those. I've only sold 10% of my coins at 600 way earlier and now I'm just trying to find a nice spot to buy back. I've been saying that it wouldn't go lower than 450 so I will probably buy some there. Next sweet spot below that is at 420. If that breaks too the next buy level would be 350 for me, and after that 270. If it goes even lower than that which I can hardly imagine I will have my last buy orders at 200 because of a dream I had where I saw that Bitcoin would bottom out at 199. I'm not going to bother waiting for a proper reversal with the right signals before buying back because that way I will almost certainly end up buying back much higher on average. Just playing it by ear.

[JayJuanGee]

Who are these crazy bastards buying right now. I mean, it's generally a good price and all... but you don't know where this is going, yet. Ballsy, ballsy people.

Much more ballsy to sell at this time than it would be to buy at this time.  My finger was on the trigger to buy another couple BTC, but the price missed my buy point by a couple of dollars... I am waiting it out a little bit.. but I may just get anxious and buy my allotted amount - just for shits and giggles.

[JayJuanGee]

Unable to buy on BFX 

I kept thinking too, that Coinbase was going to run out of coins again  today at about this same time as they did yesterday; however, has NOT happened yet.. at least to my knowledge.  Maybe they stocked up a little more, after (and maybe because of) yesterday's 5-6 hour no coins available for sale fiasco?

[ChartBuddy]

Explanation

[Newbie1022]

I am not going to buy in the 400s range for sure.

This could be a mistake, you should consider buying some % in low 400's

This.... if you aren't sure where the bottom is then scatter bids in different ranges so that you end up catching something cheap.

[JayJuanGee]

This constant dumpning is fucking frustrating!!

this thing goes wrong, im losing alottsa cash

BETTER SELL NOW OR LOOSE EVERYTHING: aka C Y L

YOU HAVE NOT BOUGHT BACK IN, YET, FUNZIE?     



FUCK!!!!!   

[Newbie1022]

Who are these crazy bastards buying right now. I mean, it's generally a good price and all... but you don't know where this is going, yet. Ballsy, ballsy people.

Much more ballsy to sell at this time than it would be to buy at this time.  My finger was on the trigger to buy another couple BTC, but the price missed my buy point by a couple of dollars... I am waiting it out a little bit.. but I may just get anxious and buy my allotted amount - just for shits and giggles.

Ahhh... this I understand. If I took this much of the ride I certainly wouldn't be selling at this point even if I don't know what's up or down anymore. BUT, I don't understand people shooting their entire load at this price. I'd scatter a few bids so that I get this price, but I still have some ammo should the price drop (which keeps your average price in check). That would be my play... if I wasn't a degenerate gambler going more or less all or nothing on a short... unfortunately, I am a degenerate gambler.

Which, by the way, reminds me of when I was at the race track a couple months ago with my father... who is the definition of a compulsive gambler. They were watching the horses and then there was an intermission between the races. So he and a buddy of his saw two roaches running across the floor. Without hesitation, they both took to gambling on the roaches... my father was yelling, "C'mon roachie!!!"

More or less, that's my modus operandi. But the scatter bid play should work really well.

[FattyMcButterpants]

this is very ugly. there are like... no buyers to be found anywhere. the bulls went on vacation for the summer..... hopefully. i'm just setting low flash crash bids at this point..... if there's a strong breakout to the upside, i'll jump in. but boy does this look ugly.

[JayJuanGee]

@JayJuanGee

Better cut your loose before it´s too late!

YOU are SOOOOOOOOO, Comedian!!!!   

I do NOT sell in times like these.  I'm NOT so smart enough!!!!!- Maybe I will sell a little here and there when I am sufficiently in the black (like above 15% in the black), and then my thinking will change... but for now....


HODL! and BUYDL!

[Newbie1022]

this is very ugly. there are like... no buyers to be found anywhere. the bulls went on vacation for the summer..... hopefully. i'm just setting low flash crash bids at this point..... if there's a strong breakout to the upside, i'll jump in. but boy does this look ugly.

If you are doing Finex remember it is 10% from the trigger point. Normally, I'd say the trigger point is $451 which would bring you to about $406. However, with the margin maintenance adjusted and Finex being glitchy, it is tough to know exactly the trigger point. I picked a little above $415 and I may adjust it if we go within 10% of there without a flasher (flasher... sounds more fun than flash crash).