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

[ssmc2]

[inca]

USD   0.0546%   0.1023%   19,737,287.13 USD
BTC   0.038%   0.0116%   12,115.20 BTC
LTC   0.0403%   0.0602%   108,332.76 LTC

Almost ATH!!
If the squeeze happens... this is gonna hurt

I wonder who the bears think has been buying all these thousands upon thousands of coins down near the all time low for the year. Keep selling. Just don't whine when all of a sudden the price turns on a dime and you realise leverage isn't easy money.

[ShroomsKit]

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later.

Source? Other than your hopes, delusions and fantasies?

[Oblodo]

"More Bitcoin Acceptance (by big e-commerce sites) is the chief reason for the current fall. I even pointed this out in a comment on another blog over 2 weeks ago. Big online merchants aren't keeping the market balanced by using their BTC to purchase inventory, goods, and services. Instead, they're simply dumping their daily intake on the exchanges.

But it gets worse! If a large merchant has sold their goods online that day for, say, 10% under current exchange rates, then they can dump that day's intake of BTC for 9.5% under market and still make dollar profit, but pushing the BTC market down even more in the process."

This!

[inca]

And BTW, the days destroyed is a bit complicated to explain, but to prove that that argument is invalid I just took a look at the 500 richest address and I can see that most of these addresses had the first input late 2013 and in 2014, so most likely many of these adopters did something with their Bitcoins in other word they have been moving funds

Bitcoin days destroyed is a bit complicated. Instead I will post a picture of just a few addresses and say I have seen something meaningful in 500.

If you are going to post analysis, try and put some actual analysis in there please.

[adamstgBit]

support wall gone.

new ask wall takes its place.

[dyland]

Ok this movement made me put some foat deposit requests into my exchange.

I wavered for a bit, but I think this in an opportunity.

[adamstgBit]

new low!

[NotLambchop]

Just look at it go...

[ChartBuddy]

Explanation

[macsga]

Trend reversal within the day.

[mrkavasaki]

good bye world

bitcoin you ruined my live

[akujin]

uh oh! 

[ssmc2]

Trend reversal within the day.

It shall be glorious.

[inca]

I've msg'd loaded asking for a smiley.

[blade87]

Just crash to $100-200 already with uber volume so we can get this over with already. This slow grind down is painful even from a trading standpoint.

[RealMalatesta]

So has the panic stopped?  Are we going to see more upwards activity again?

[adamstgBit]

Trend reversal within the day.

i'd expect a rather strong pop UP, and then slow trend resveral

but when who knows...

something like 250 bottom, POP to 350, start a new trend. sounds reasonable

[CoinThinker]

So has the panic stopped?  Are we going to see more upwards activity again?

Nope, this time it goes down all the way to 0... market lost it's confidence in this, and the more it goes down, the harder (next to impossible) will be to reverse the trend.

Good bye, dear Bitcoin!

[sonofliberty]

Aaaaaaand I'm poor again.