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

[David M]

Because every day i'm watching a technology i'm excited about being destroyed by idiot traders.

And that's OK as long as all the traders are playing on the same field.

The Honey Badger doesn't care either way.

[janos666]

Why are you so negative every day?

Because every day i'm watching a technology i'm excited about being destroyed by idiot traders.

Bitfinex statistics indicate long positions are probably 9 times more heavy than short positions. So, basically some unfortunate traders might kept the price UP by borrowing tons of USD there. -> This could be pretty ugly if the real dumpers trigger stop orders and those ignite the first margin calls and it all cascades down... or... very profitable if you are lucky with your short-buyback and/or fresh long opening.

China seems to be relentless.

[hyphymikey]

And more dumping. I wonder if we will go lower than 320. The dumpers sure will try.

I'm hoping for a double bottom at 275 with high volume to signify that the real bottom has been confirmed.

[janos666]

And more dumping. I wonder if we will go lower than 320. The dumpers sure will try.

I'm hoping for a double bottom at 275 with high volume to signify that the real bottom has been confirmed.

My active short would not complain but wouldn't you be a little bit afraid that ~275 might won't hold this time in case 300 gets breached?

[razorramon]

One step forward two steps back
Damn
But still a long way to go until i stop seeing an uptrend

[ChartBuddy]

Explanation

[TeeBone]

And more dumping. I wonder if we will go lower than 320. The dumpers sure will try.

I'm hoping for a double bottom at 275 with high volume to signify that the real bottom has been confirmed.

My active short would not complain but wouldn't you be a little bit afraid that ~275 might won't hold this time in case 300 gets breached?

It wont hold if we dip that low. No way, no how. Next stop below 300 will be the long-term trendline which is at around 200 at the moment, ending wave 4 cycle.

[ChartBuddy]

Explanation

[Wekkel]

Cryptsy still at $390     and the rest of the world at $345...

Can someone send an Email to Cryptsy traders?

Cryptsy USD market is so tiny that movements down tend to lag. Should be great though in a case of squeeze up.

[Phillis]

nice little bounce off of $340, lets see if this can be a nice little trend reversal to give the bulls some love

[r0ger_l]

nice little bounce off of $340, lets see if this can be a nice little trend reversal to give the bulls some love

and it slams back down just like that, lol.

[Phillis]

nice little bounce off of $340, lets see if this can be a nice little trend reversal to give the bulls some love

and it slams back down just like that, lol.

yeah there is a lot more noise on the western exchanges, but looking at OkCoin, it gives a much clearer picture.

[ShroomsKit]

Just a pump and dump that goes lower every few days.

[ChartBuddy]

Explanation

[janos666]

Well, it does start to feel very similar to the events preceding that last manbearwalleywhale incident.

[BoatsandBitcheswithBits]

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Explanation

ChartBuddy literally can't even right now..

I hear him,I just panicked dumped a quarter of me bits to put on dark until this shit pulls itself back together

[ShroomsKit]

Well, it does start to feel very similar to the events preceding that last manbearwalleywhale incident.

Yes it does.

[N12]

If this is what "non idiot traders/sellers" or "holders" look like, then what do idiot traders that he constantly whines about look like?

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!

None at the moment. Not sure if i will buy back again.  I invest in other things now.

Hint: He hates himself.

[BoatsandBitcheswithBits]

Lol, Shroomkit you're more indecisive than my girlfriend

[redsn0w]

If this is what "non idiot traders/sellers" or "holders" look like, then what do idiot traders that he constantly whines about look like?

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!

None at the moment. Not sure if i will buy back again.  I invest in other things now.

Hint: He hates himself.