Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13280. (Read 26731745 times)

Commercial banks are 40:1 short the US dollar right now, indicating they are front running lots of dollar decline.  In the past, most bitcoin pumps in relation to fiats occurred with yuan decline and I don't recall any real bitcoin movements based on dollar decline.  It seems like if yuan declines, lots of China money flows into bitcoin, which is then sent out of China and into the dollar or Vancouver housing or something.  If dollar declines, the flow into bitcoin for capital flight does not occur.

Nice to see bitcoin moving upwards. Its about time. Everything is pretty much at the bottom.

I spread 20% of my BTCs to various shitcoins this past week. Catching dumps and bottoms and super bottoms of shitcoins.
Good luck to us. 

I really dont have that price as anything that big, your 6740 I have as 6500 and already beat it if that makes any sense.  Sure I can see how it can be pencilled in as some significance but what we did in the recent past to run out a downtrend was the more significant move, after that it was reasonable to expect us to continue to the 50 day average at the very least.   Probably or normally BTC rises up, hits it head and maybe sits back down again (if we bearish) , we barely even stood up yet so not that surprised tbh.

Every resistance to me, or what I say from experience is resistance has a kind of magnetised effect to it.  So its resistance but also the price will be drawn to that ceiling and react to it, hence we get the sharp pin candles and people count those as confirmation to support or res I think.   So we are at 50 DMA again, its the 3rd tap and maybe it counts or not.  I dont think it should personally, I think at least 7,200 or so

There is some argument for this area as something of a speed bump, it was lowest price in May and we went sideways here momentarily early August again but I've not noted it as anything.  7200 to 7700 area I think is an area of res or proper ceiling I got on the daily bars so I expect that unless the market is determined we rewind and repeat because this beat so good  

Fake market.  Price moved ENTIRELY by a single entity operating on the fraudulent exchange Bitfinex and their tethers as usual.  It's almost the exact same situation as the Comex.  No/little physical delivery of metals actually occurs there, so they just print up a random number on the screen and claim that's the price even though it has zero connection to the real market.  Comex uses the method to suppress the price, and Bitfinex does this to try and fraudulently raise the price of bitcoin.  

The fact CNBC is now front running these events and telling you to sell right before they attempt to pump and dump probably indicates some TBTF Jew bank like Goldman Sachs might be involved as the entity rigging price on Bitfinex. It's a known fact Goldman Sachs was behind the Ethereum pump because they bought all the premine, so why not bitcoin too?  In-Q-Tel caused the market to crash on purpose and bought up a ton of bitcoins at $1-2 back in the day (in addition to what they already had), so it's like one big circle jerk of the same criminals in traditional finance.

28.7K long 34K short
A bit narrower, but as you suspect, we need moar up. $7.2-7.4K would decimate them.

edited for stupid

Anyone know what the shorts vs longs are now? Did many of the shorts decide to cut their losses and bail, or have their stops hit? I'm not certain if this was enough to cause a liquidation on the margin markets that are spot.

 Is that an actual green candle posing as a green dildo?  Holy double entendre.

Big money got wind of or planted some CNBC fluff and decided go in for the krill. Wild guess.

Any news as to why the price jumped today? Was not expecting price to bypass $6740 so strongly.

It's like looking at a cartoon.  Make them stop.

I am not familiar with your Harry Dent reference.  Do you mind providing a link to what you are asserting to be some important supposed shilling?

By the way, anyone could consider Bitcoin to be a better investment than gold, silver and other PMs just based on certain practicality considerations, including portability, divisibility, security and ability to manage your holdings in a private kind of cross border way.  So, whatever trickery is supposedly going on that is luring unsuspected folks into bitcoin seems a bit of mystery to me, unless you provide some kind of reference about what you mean.

Nevertheless..

The documentary was fair. Considering the pump occurred half an hour after the doc was over it may have been a factor.

CNBC is a curse. I'm sure of it.

Did anybody catch that CNBC doc?

Don't trust a scammer to tell the truth about another scammer.

Post it again I missed it lol

 It was awesome but just in time warning isn't quite enough

Meh!
Removed it.

Pump bitcoin Pump!