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

[heartastack]

yawn.

that was like 3 days ago. I am sodling again.

and btw, my position is not a valid argument about reading history right.

lol

I do think this thread is validation for whatever trend we are seing I just think it is a poor basis for choice of investment - long or short. We are afterall only getting a glimps of sentiment at the present time.

I'm guessing we trade in a simlar way - because I also trade on my own hope/dispair ratio e.g. look at the forum and look at the chart. I have made about 100k doing this on pretty basic trades. Just selling when the chart goes vertical and buying when it goes flat.

[tarmi]

yawn.

that was like 3 days ago. I am sodling again.

and btw, my position is not a valid argument about reading history right.

lol

I do think this thread is validation for whatever trend we are seing I just think it is a poor basis for choice of investment - long or short. We are afterall only getting a glimps of sentiment at the present time.

I'm guessing we trade in a simlar way - because I also trade on my own hope/dispair ratio e.g. look at the forum and look at the chart. I have made about 100k doing this on pretty basic trades. Just selling when the chart goes vertical and buying when it goes flat.

we are going flat right now and there are a lot of train pics here, so I suppose you are panic buying?

[heartastack]

yawn.

that was like 3 days ago. I am sodling again.

and btw, my position is not a valid argument about reading history right.

lol

I do think this thread is validation for whatever trend we are seing I just think it is a poor basis for choice of investment - long or short. We are afterall only getting a glimps of sentiment at the present time.

I'm guessing we trade in a simlar way - because I also trade on my own hope/dispair ratio e.g. look at the forum and look at the chart. I have made about 100k doing this on pretty basic trades. Just selling when the chart goes vertical and buying when it goes flat.

we are going flat right now and there are a lot of train pics here, so I suppose you are buying right now?

ermmm... we went flat $70 ago when the manbearwhale flatlined at stamp $300. Too obvious every short position with a brain would have used that opp to buy back the short and see which direction the trade was going. That was a free pass! if it went down open more shorts if it went up go for a long. Shorters turned longs without the need for any fancy TA. No, for a trade I bought at 300 but I haven't sold yet. Actually I'm buying altcoins now to further leverage the btc price. I would not recommend this to anyone, but I live on the edge. lol.

If I were conservative I would probably sell the principle now to lock in whatever further profit can be made. Depends how large the trade is.

[octaft]

Hmm, so nobody was buying when it was plummeting, suddenly a 30k wall appears, and this heavy buying pressure starts up out of nowhere and 30k coins are market bought within hours.

Of course, there's no way the dude bought a bunch of his own wall to spark a rally. I mean, come on, everyone knows only downward movement is manipulation, and all sellers are stupid and put up 30k walls when they actually want to sell as opposed to having a desire to manipulate the price.

TO DA MOON!

[njcarlos]

Hmm, so nobody was buying when it was plummeting, suddenly a 30k wall appears, and this heavy buying pressure starts up out of nowhere and 30k coins are market bought within hours.

Of course, there's no way the dude bought a bunch of his own wall to spark a rally. I mean, come on, everyone knows only downward movement is manipulation, and all sellers are stupid and put up 30k walls when they actually want to sell as opposed to having a desire to manipulate the price.

TO DA MOON!

My thoughts exactly. They've done this many times before.

Edit: I should say, minus that massive ask wall. I think that was a brilliant move.

[NotLambchop]

Hmm, so nobody was buying when it was plummeting, suddenly a 30k wall appears, and this heavy buying pressure starts up out of nowhere and 30k coins are market bought within hours.

Of course, there's no way the dude bought a bunch of his own wall to spark a rally. I mean, come on, everyone knows only downward movement is manipulation, and all sellers are stupid and put up 30k walls when they actually want to sell as opposed to having a desire to manipulate the price.

TO DA MOON!

[heartastack]

Hmm, so nobody was buying when it was plummeting, suddenly a 30k wall appears, and this heavy buying pressure starts up out of nowhere and 30k coins are market bought within hours.

Of course, there's no way the dude bought a bunch of his own wall to spark a rally. I mean, come on, everyone knows only downward movement is manipulation, and all sellers are stupid and put up 30k walls when they actually want to sell as opposed to having a desire to manipulate the price.

TO DA MOON!

If speculators had their way I'm sure BTC would go to 10k +. Just look at the Rhodium chart. One rumour that the supply was unsustainable and you see one of history's biggest bubbles.

We''re just too early in BTC's history - too many people own too many BTC. Every bubble will be squashed until we get a good distribution. Until then I expect there to be epic rallies followed by equally epic dumps. But like the last one, the market is still too thin to support the epic dumps.
This will be less and less exaggerated until uber-dumps are rare.

[razorramon]

almost 13k shorts...

[ShroomsKit]

It's all because of that 30k sell off it seems. Just a random guy cashing out and everyone thinks the downtrend has reversed. Maybe it has but i don't see how that had anything to do with that guy. As far as i can see the dumper(s) that have taken us down are still dumping and nothing fundamental has changed.
Just some short term hype based on nothing really.
I really hope we will go up but i don't think we will. In a few days the hype will be over, the dumper will keep dumping and it's back to where we were before the 30k got dumped.

Really? You think this guy has an endless supply of coins? He can dump indefinitely?

at some point he's going to hit the figure where a lot of people feel happy buying in, and he won't be able to take it lower.

Yeah well, i have no idea. We'll soon find out i guess.

[njcarlos]

Just watch the advancing bid pool. It's obviously institutional when staggered walls of 500-2000 coins move up incrementally as they continue to eat away at asks. They're just trying to induce some panic buying after that 30k wall to shore up the market. Someone had to dam up the flood waters. The question is, what happens when all that money gets spent, because the community wasn't buying at these prices 3 days ago. Don't see them doing it for long now.

[btcney]

[ChartBuddy]

Explanation

[heartastack]

12,980.58 BTC in shorts

crazy people

Wow, here we go - these people got brainrot right now.

[fallinglantern]

dat wall.. on the bid side! 

[njcarlos]

Lol, god it's laughable. I really hope whoever is trying to induce this rally even marginally succeeds or it'll be the most bearish turn of events yet.

[niktitan132]

Do i see right price is at $378?     

[Wandererfromthenorth]

Late shorters really HAVE to cut their loose at this point...
Fireworks?

[MICRO]

dat wall.. on the bid side!  

Whats going on ? Price 1000$+ ?

Jeezzz its hard not to look at price and only look at this thread .

[heartastack]

I hope we get a short queeze. Shorting is really the cancer of BTC right now.

[hyphymikey]

Hurry hurry! Profit take!

Apparently there is a such thing as temporary overbought even though we are significantly undervalued.