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

[CoinRocka]

Well Ripple will dominate the crytoworld soon and you all know it deep inside of you even if you're too dumb to get it yet =D

 






wait, your serious?!?   




 

[vuduchyld]

when this thing turns its going to be VIOLENT, the manipulation is totally unsustainable, when is the breaking point is the question.

Sodled when you should've hodled? Noob.

My new favorite poster!

[Wandererfromthenorth]

Orderbooks on Bitfinex and Stamp and the graphs indicate that the market is betting on another drop soon enough, I'm guessing down to $400-$380 looking at the support that formed around that area.

Then it will probably recover.


That would also benefit the bulls later on since there will be a lot of longs taken out.

[mah87]

Well Ripple will dominate the crytoworld soon and you all know it deep inside of you even if you're too dumb to get it yet =D

 






wait, your serious?!?   




 

Of course. People like you they just don't know.

[Wandererfromthenorth]

14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%

Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now.

TL;DR - Either the shorts know something that we don't know, or they are absolutely stupid as fuck.

Not stupid, the market clearly wants to go down for now. We'll drop in the next few days. Bottom around 400 or a little bit less. then recovery.

[Newbie1022]

14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%

Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now.

TL;DR - Either the shorts know something that we don't know, or they are absolutely stupid as fuck.

Not stupid, the market clearly wants to go down for now. We'll drop in the next few days. Bottom around 400 or a little bit less. then recovery.

This is what I think. I deleveraged a little bit during the last mini-dip, though. I was flying a little too close to the sun. Thank God I am not playing with any sizeable amounts of money... I'd be living in a cardboard box by now. Bahahaha. Learning a lot, though. This has been an interesting if arduous experience.

[shmadz]

What's the record for longest chain of IOUs traded?

Oooh, good question!

I'm gonna vote USD

This should be a poll question  

[Wandererfromthenorth]

14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%

Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now.

TL;DR - Either the shorts know something that we don't know, or they are absolutely stupid as fuck.

Not stupid, the market clearly wants to go down for now. We'll drop in the next few days. Bottom around 400 or a little bit less. then recovery.

This is what I think. I delivered a little bit during the last mini-dip, though. I was flying a little too close to the sun. Thank God I am not playing with any sizeable amounts of money... I'd be living in a cardboard box by now. Bahahaha. Learning a lot, though. This has been an interesting if arduous experience.

That's the most important thing: learning
If you make money just because you're lucky (gonna lose sooner or later if that's the reason you are winning) but don't learn anything what's the point?

You have all the time in the world to become good at trading now for when BTC will go nuts eventually eheh

Be careful with leverage though, always put tight stop losses so you're safe!

[edwardspitz]

I agree it is going to get wild at some point in the near future. Looking at the graph it doesn't look pretty but the support of the triangle we are in has been very well defended in spite of many dumps. Also at least some whales have already accumulated all the coins they could wish for at a very low price (especially BTC-e/Finex  ). I have been keeping an eye on the CCI indicator that Amiorex recommended. It is telling me that the move up we have seen since the 18th will continue. I don't have that long experience with this indicator, but the signal is quite clear even on shorter time frames (45 min.).

All these things are bullish... but then we have the rotten sentiment, the ugly graph, the huge ask walls, and the fact that the dominant trend is bearish.

I don't know which way it will go, but I have closed a short that I started at 490, and bought a little BTC near support. I don't know which way it will go, but I wouldn't feel comfortable with a open a short before going to bed tonight. Also at this price point I am more concerned with buying compared to selling/shorting. Must remember to add more fiat. Maybe it is not too late  

[Walsoraj]

Methinks megawhale is going to squeeze the shorts to death with invisible bid wall on Bitfinex.

[adamstgBit]

[grappa_barricata]

Good morning, China. You seems hungry today.

[Richy_T]

Methinks megawhale is going to squeeze the shorts to death with invisible bid wall on Bitfinex.

I reckon so.

[adamstgBit]

we're going to test the wall

[ChartBuddy]

Explanation

[ibrahim11]

Is the price going UP?

[hmmmstrange]

we're going to test the wall

half just pulled

[Walsoraj]

Is the price going UP?

Depends on what you mean by "up."  It is approaching the Moon's gravity well.

[thefunkybits]

Is the price going UP?

BTCChina, OKcoin and Huobi are all reaching daily highs while the western exchanges have lagged behind.

$500 on Stamp and BFX incoming!!  

[fallinglantern]

https://www.youtube.com/watch?v=j-fWDrZSiZs&t=45s *waves a lighter*