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

[BitAddict]

I just don't get it, it went $7 and you are complaining, what will you do when we hit sub $1xx ?

Panic sell at bottom to Wall Street guys, exactly the day before ETF is officially announced and price skyrocket again  

ETF officially announced...
Still a rumor or do you have some concrete news about this?

Is it officially confirmed? With date? All paperwork ready? All details?

[ShroomsKit]

Fake volume bot running on OKCoin again!

"There is no manipulation" - Blitz

[4ever]

I just don't get it, it went $7 and you are complaining, what will you do when we hit sub $1xx ?

I have a very complicated trading strategy you couldn't possibly understand

Thats through. Its already gone down around 250$ since the past 2 months, and people can't care about complaining about a 7$ dip.

[dakota neat]

Great, Bitfinex is the new lead exchange nowadays. That guys can set the price wherever they want.

[cbeast]

Ok so here it is...

sit back and watch the show

[findftp]

Sideways on low volume for a few days means it's dumping time on bitfinex. Probably revisiting 330s.

Don't worry, we were promised that we'd never see 330 again.

I am telling you sub $330 BTC will never happen again.  If it does I will never post in this thread again.  Huge pumps are incoming in the next few mins / hours. 

[jaberwock]

Sideways on low volume for a few days means it's dumping time on bitfinex. Probably revisiting 330s.

Don't worry, we were promised that we'd never see 330 again.

I am telling you sub $330 BTC will never happen again.  If it does I will never post in this thread again.  Huge pumps are incoming in the next few mins / hours. 

we also got the promise to see 377 until some time ago.

[BitAddict]

Sideways on low volume for a few days means it's dumping time on bitfinex. Probably revisiting 330s.

Don't worry, we were promised that we'd never see 330 again.

I am telling you sub $330 BTC will never happen again.  If it does I will never post in this thread again.  Huge pumps are incoming in the next few mins / hours.  

we also got the promise to see 377 until some time ago.

At least he will keep his promise and never post again if it happens? Or will he also fail on that?

[Wandererfromthenorth]

Careful bulls, this thing will crash, support just cracked.

[magicmexican]

340 should get broken soon, right? Maybe it will trigger some action. Till then, cut the loose

[NotLambchop]

340 should get broken soon, right? Maybe it will trigger some action. Till then...

[Wandererfromthenorth]

Volume is not amazing, but don't worry, low volume dumps with very weak buying pressure is anything BUT bullish  


We will probably revisit the low $300s, and maybe even go down as low as $230-$210 before the big bounce (there's the long term log trend line there, that will make for a local bottom).

All that in the next few days, but it will probably take like a week or so.

[dakota neat]

Volume is not amazing, but don't worry, low volume dumps with very weak buying pressure is anything BUT bullish  


We will probably revisit the low $300s, and maybe even go down as low as $230-$210 before the big bounce (there's the long term log trend line there, that will make for a local bottom).

All that in the next few days, but it will probably take like a week or so.

If we are making a new low as you assume breaking the 266 mark you don't have to buy anymore. It's over than. It will drop to two digits and won't recover for a year.

[podyx]

[Mervyn_Pumpkinhead]

As time passes, then it's more and more beginning to look like the 30K coin purchase was just an attempt to stimulate the market.
Someone probably bought his own coins, to create an illusion of demand, attempting to stop the slow decline. Some people fell for it, and this caused some upward movement, but after the effect of this illusion faded, then back to the same situation where the market was before this show.

[ChartBuddy]

Explanation

[Tzupy]

Support broken on OKcoin, time to panic?

[octaft]

As time passes, then it's more and more beginning to look like the 30K coin purchase was just an attempt to stimulate the market.
Someone probably bought his own coins, to create an illusion of demand, attempting to stop the slow decline. Some people fell for it, and this caused some upward movement, but after the effect of this illusion faded, then back to the same situation where the market was before this show.

Don't forget it creates the illusion of support at 300, too.

Could be he was slowly cashing out on the way up to 1000 and had a lot of extra money to try and continue the run-up, figuring he'd be a millionaire either way but might as well try to make the rest of his coins worth more (and if he likes bitcoin, he might be willing to take losses to go for a price rise). Eventually he's going to need to sell excess if he hasn't already, so he can reload the "fiat cannons" and try again at a lower price.

It's going to be tough even if we do see a rise, as there are probably a lot of bagholders that would love to get out if it hits the price they bought in at so their spouses don't divorce them for losing half their life savings or whatever.

[NotLambchop]

[touhonoob]

Number of transactions ATH
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=1year&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=