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

[ShroomsKit]

I'm really disappointed with this latest pump. It looked like the perfect setup for inciting a nice rally: Large, intimidating bidwalls placed where many were expecting the price to bounce. Stealthy accumulation the day before the pump began. Multi million dollar market buys.

But after the last 2 dumps there is no effort to go back up. Low volume. Already went below 340 again on Finex despite the weak askside there. Lots of shorts closed, hardly any new longs opened.

I've honestly tried to be bullish, but...

you can't go up 24/7

there was a bit up, now it's a bit down again 

We've been going down for a year.

depends on where you entered the market. someone who started at 1$? well slap me silly, that's x 340, so this little downtrend isn't bothering  

Little downtrend.
Stop fooling yourself.

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[1714847775]

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[JayJuanGee]

I'm really disappointed with this latest pump. It looked like the perfect setup for inciting a nice rally: Large, intimidating bidwalls placed where many were expecting the price to bounce. Stealthy accumulation the day before the pump began. Multi million dollar market buys.

But after the last 2 dumps there is no effort to go back up. Low volume. Already went below 340 again on Finex despite the weak askside there. Lots of shorts closed, hardly any new longs opened.

I've honestly tried to be bullish, but...

you can't go up 24/7

there was a bit up, now it's a bit down again 

We've been going down for a year.

depends on where you entered the market. someone who started at 1$? well slap me silly, that's x 340, so this little downtrend isn't bothering  

You bought at $1 and you have NOT bought since?  That seems a bit unreal to me b/c BTC prices were NOT at $1 since early 2011.  Does your average cost per BTC remain at $1? 

It seems unreal that someone would buy at $1 and then what, just hold?  Didn't you sell some at some point?  Didn't you buy some more at some other price points?  Seems like a very atypical description of any real person's situation.  In my thinking, if this set of facts is really true, then there must be some particular unique things occurring to cause such an atypical situation.

[ChartBuddy]

Explanation

[N12]

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.

The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.

We're going up and it's confirmed!

[podyx]

[hmmmstrange]

I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction.

+1

I have seen "drugs" ruin the lives of several young guys and their families.  "Drugs" meaning, to be explicit, those "friends" who push people into drug addiction, and the drug dealers who then exploit their addiction and push them into crime to support it.

I am all for legalizing pot and decriminalizing drug use.  But still I hope that Shrem, Ulbricht, Benthall, and all otehr people in the drug traffic "industry" will spend a good part of their lives in jail.

I always knew deep down Jorge was a Berkeley hippy.

[ChartBuddy]

Explanation

[spooderman]

Lol blitz you troll. If I could be bothered i'd go and retrieve your wonderful 'no one buys the triple digit lie any more' insight. I should put it in my sig

[davidorentol]

coming soon  

[JorgeStolfi]

I always knew deep down Jorge was a Berkeley hippy.

Indeed, I wish I had chosen Berkeley; Stanford was nice but too right-wing.

(But I have never smoked, pot or tobacco, if that is what you mean.  I even got laughed at by my colleagues, not long ago, because I could not recognize the smell coming from certain corners of our campus.  )

[Micky25]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Tzupy]

4h and 15min MACD suggest a dump is coming. It may however just test short term support.

[ChartBuddy]

Explanation

[NotLambchop]

<snip>

Yeah, well, that's just, like, your opinion, man.

[coinableS]

4h and 15min MACD suggest a dump is coming. It may however just test short term support.

Bulls are just taking a breath after all those green candles in a row. We should be back on our bullish track in ~5 hours based on the trend lines and TA I have.  If we do dump like the indicators are leaning then we can call off any chance of November being a bull month.  The next few hours are critical!

[adaseb]

Yes many people bought around $1 or so back in 2010-2011 and they probably missed the boat to sell at $1000 and are holding thinking it goes up to $10000.

If he only had 1 BTC why sell

[octaft]

Yes many people bought around $1 or so back in 2010-2011 and they probably missed the boat to sell at $1000 and are holding thinking it goes up to $10000.

If he only had 1 BTC why sell

I think at this point many of the people who bought at 800+ have really pissed off families and would be happy to sell as soon as it hits whatever they bought in at, perhaps a bit less, just to get them off their backs.

[ChartBuddy]

Explanation