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

[bigdave]

Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

We're already on a slow down swing... have been for about 30-45 minutes.

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[skivrmt]

Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

Slow recovery, big dumps.  Slow recovery, big dumps.  Very familiar pattern lately...

[bigasic]

Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..

[Raystonn]

Total sum of active swaps
USD   0.054%   0.1602%   18,006,743.72 USD
BTC   0.0055%   0.0065%   7,462.83 BTC

Over 500$ without new longs   There is at least 12mil$ for borrow on finex  

If we had $12 million in panic buying at market price, where would that take the price?

[falllling]

Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

Slow recovery, big dumps.  Slow recovery, big dumps.  Very familiar pattern lately...

agreed

[Alley]

Holy shit falling.  You've already posted the same chart in 10 different threads do you have to post it multiple times on the same page as well?

[falllling]

Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..

same thing is happening again!

[Sandia]

I would be happy with a dump. $6 from the top of a fast rise is not a good entry point for me.

Looking at depth, it will be tough to push below $485.  Even if the 7k dumper comes back, we are at $455.

[fallinglantern]

Holy shit falling.  You've already posted the same chart in 10 different threads do you have to post it multiple times on the same page as well?

^^^^ this.

[bigasic]

The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

[falllling]

I would be happy with a dump. $6 from the top of a fast rise is not a good entry point for me.

Looking at depth, it will be tough to push below $485.  Even if the 7k dumper comes back, we are at $455.

then a harder dump will happen, that's why we dropped from $1200 to what? $300?

[dropt]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

[Sandia]

The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

Except once on Monday and once on Tuesday, after the pattern was set, he waited until it went up $5 and everyone bought in, then dumped 500 and 1200 coins on us.  I know because he cost me nearly $200.

I am not a conspiracy guy, I swear on my family's life, but much of the drama over the last week looks like one guy/group.  The 7k dump on Bfx, the big hidden walls to get his coins back, etc.  I would like to blame him for the rise today not stalling at 499, but that is more questionable.

[ChartBuddy]

Explanation

[Schickeria]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

[falllling]

The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

Except once on Monday and once on Tuesday, after the pattern was set, he waited until it went up $5 and everyone bought in, then dumped 500 and 1200 coins on us.  I know because he cost me nearly $200.

I am not a conspiracy guy, I swear on my family's life, but much of the drama over the last week looks like one guy/group.  The 7k dump on Bfx, the big hidden walls to get his coins back, etc.  I would like to blame him for the rise today not stalling at 499, but that is more questionable.

do not buy in fake recover trap!

[Torque]

Just remember kids: sharp bounces don't necessarily mean a true reversal.

Just look at what happened in April - a sharp bounce from bottom off  339 all the way to 554 on about 4X the volume of this recent bounce.  Everybody cheered "Hooray!  Look at that volume! Downtrend is over, bottom is in, only up from here!"  Then look what happened over the next 2 weeks after the rally... slow fall from 554 down to 420's.  Where it stayed for a month.

So yeah.  I predict that within 10 days (by 9/1) you'll have your answer whether this rally was sustainable or not.

[grappa_barricata]

It is all a deception, embedded in another deception.
Like a magnificent planet-wide brain chemistry orchestra.

[wachtwoord]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ).

[derpinheimer]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

Can I get a short description of the difference? Thanks