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

[fichtn12345]

or small chance some people aka "post dumpers" found a way of automatization the deleting of own posts via an bot/script/macro ...

Now who could do something like that? 

Ah, I knew Buddy is an evil AI and this thread is rigged!

lmao

[podyx]

What if this is the last time we see sub 380...?

[Unpredictable]

What if this is the last time we see sub 380...?

I've seen posts like those too many times. We need to hit double bottom and we need to hit it hard.

[Newbie1022]

What if this is the last time we see sub 380...

This round of drops may be, but I highly suggest patience -- you should be able to find a better entry point. We keep hitting lower lows on the day, the order book is no longer as stacked with the floors drifting downwards, and we aren't overleveraged on the short side -- I don't think this will get too ugly or too fast, but it's almost a given that we'll have a better entry point than at this very moment.

And... if we don't... do you think there is that significant a difference between $375 and $385 on a major price move? Just pay attention for signs of life, but to jump in now seems premature. It's not that it is a bad price and it's a price that we know that we'll see higher than in the months to come... but you can do solidly better. I'm thinking $330 to $350 range as the auction panic builds up.

[spooderman]

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

[NotLambchop]

"I was not worried during the last days of Bitcoin; I was even optimistic.
Goebbels and Hitler said on the radio that there was a new weapon, a V1 or V2.
Everything was going to be alright."  --Gerda Degenhardt

Rockets won't save you, Bitcoiners.

[janos666]

What if this is the last time we see sub 380...?

I've seen posts like those too many times. We need to hit double bottom and we need to hit it hard.

Why don't you accept the two ~320$ points as bottoms and the sub-300 spike as an overlaying anomaly?

[ShroomsKit]

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

[cbeast]

Just thought I'd share because ninja.

[spooderman]

shroom once again, they couldn't sell if they hadn't bought.

[NotLambchop]

Just thought I'd share because ninja.

Just thought I'd share, because gigantic image.

[cbeast]

I suspect people are dumping their bitcoins to get money to bid on the DPR stash.  
Wouldn't it be funny if that actually worked.  

[hdbuck]

Just thought I'd share because ninja.

yup ninja sure knows how to make your bitcoins vanish. the art of steal(th).

[Newbie1022]

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

Dude, little piss ant day traders -- including myself -- have nearly no effect on the broader market. It's whales doing dumps because they can use derivatives against the wreckage they sow and then they buy in big once they've dropped the price to a cheap level... you all were excited that Wall Street was getting involved... well, they are here and this is what it looks like.

It's screwed up, but stop complaining. Do you think the world owes you a free profit on an ever rising commodity? Money is simply not that easy to make.

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

So, you know this is going to drop some... maybe not even a lot... but some.

So stop complaining about it. If it's obvious and you decide on principle to lose money then cool. That's not the day traders fault or really anybody's fault except for your own. You've been on here long enough to know what's going on.

[NotLambchop]

... after what happened to Draper...

Maybe he'll bid again, because dollar cost averaging?  Worked out real good for the local bulls, amirite?

[dreamspark]

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

[Walsoraj]

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

[podyx]

Will we see sub 380 again

[Richy_T]

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

The images linked to on those posts are long gone. Cost too much to keep them around (though I do have all the data archived).

[dreamspark]

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.