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

[Blazin604]

We will see 380 in a few hours and head into 400s by tomorrow evening.

[inca]

I would so love a punishing short squeeze

Patience.

Edit: anyone short at this juncture has to be very nimble IMO.

[dnaleor]

Anyone wants to call how high we go before dump?  My guess: 363

my guess: 430.96 USD

[mmitech]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

[derpinheimer]

So it's the bullwhale's turn this weekend?

This is but a baby bullwhale 3k wall, bearwhale was 30k wall and 8k market sell.

[inca]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

[NotLambchop]

...
This is but a baby bullwhale 3k wall, bearwhale was 30k wall and 8k market sell.

And not taking any chances, either.

[WeltMaster]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

I have seen bigger and more market buys this last week than the previous 5 months combined.

Such a big increase in volume is a pretty good trend reversal indicator.

[mmitech]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

yes, which means ?

[mmitech]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

I have seen bigger and more market buys this last week than the previous 5 months combined.

Such a big increase in volume is a pretty good trend reversal indicator.

The FIAT volume is almost the same, maybe slightly higher but in general it is not huge, for example when we traded at 6xx and we had 5K-15K BTC volume, it is the same like having 10K-30K BTC volume at this range, simply $1000 buys more today than it did 3 months back.

You need to inject more money, and I am not impressed because we went to a half of what we were at 3 months ago and almost 4 times less than ATH, yet people are not buying crazy like I would expect...these are additional signs beside this chart:

[ShroomsKit]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

yes, which means ?

Shroomie's going to get laid Heading out on the town tonight, putting on his best flares, waxing his balls and everything.

Wax my balls eh?

My 70's bush no good?

[mmitech]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

yes, which means ?

Shroomie's going to get laid Heading out on the town tonight, putting on his best flares, waxing his balls and everything.

shroomie is so fake I don't know why anyone bother with him, he said once that he is a teenager who still go to school then now he says that he is in his 40's, he is the purest troll in this forum...

[ShroomsKit]

Anyone wants to call how high we go before dump?  My guess: 363

368.

[edwardspitz]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

yes, which means ?

Shroomie's going to get laid Heading out on the town tonight, putting on his best flares, waxing his balls and everything.

I would love to do some club hopping with Shroomie, although I'm pretty sure he will spend most of the time complaining about the staff, the sound, and the other patrons.  

[hdbuck]

[ShroomsKit]

One good sign (that could mean more dumping) is that the bid depth is really building, and I love how most of the bids at Bitstamp and Bitfinex are down to $200, people seem to believe that the price wont drop lower than that, yet they don't think this is a reversal (or the bottom)otherwise we would see more market buys...

So for the ones here that say it is reversal and it is moon time, simply vote with your orders, because you are doing a bad job if you already did.

You are aware it is Saturday right?

yes, which means ?

Shroomie's going to get laid Heading out on the town tonight, putting on his best flares, waxing his balls and everything.

I would love to do some club hopping with Shroomie, although I'm pretty sure he will spend most of the time complaining about the staff, the sound, and the other patrons.  

I'm afraid club hopping isn't my thing.

[ChartBuddy]

Explanation

[inca]

So just to summarise:
10-11 month brutal bear market, on the background of a long term bull market
High volume reversal at 275 (76% decline from recent ATH) with easily the highest trading volume since april or the previous runup.
Finex shorts at ATH of year (14,500 contracts).

Incidentally I haven't seen much moon talk around here, just lots of bear momo technical traders banking on bitcoin to continue to fall endlessly because er you know the recent chart slopes down.

[NotLambchop]

^
So...  Moon?

[billyjoeallen]

I don't think the dumpers have any coins left at this price. They are waiting for higher prices and the bid depth is building so they will probably get them. The problem for bears is that higher prices signal a solid uptrend and they would be foolish to sell into that.

Of course there is manipulation going on, but some deep pockets are trying to manipulate the price up and others are trying to manipulate it down.

On fundamentals, it looks so cheap. Imagine if there was no exchanges, how hard would it be to mine bitcoin? Now you don't have to imagine how hard it is to get fiat. I get letters in the mail every day where banks, credit card companies and payday lenders are trying to give me money.

Supply and demand, Baby.