Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22070. (Read 26609079 times)

You don't understand why people sell on the way down AND the value of your stash is inferior to what you invested. There is a link between the two things.

Who says I will sell them back to you

Well, maybe it was somehow uncorrect to say I would buy your coins @$236. It is more a sign of my willingness to buy fresh coins. The lower the price, the higher my willingness to buy. As masterluc said long ago... Everything < $260 is buying zone (long-term).

I'll never understand why people sell on the way down.
It's the complete opposite of what a good trader does.

Buy them, i will buy back mine later, at a lower price. I am a perma holder for most of my stash. The coins i am going to sell are only 10% of my coins.

It wouldn't wonder me if this is exactly what some people try to provoke. There is easy money to be made, when people sell at generally known thresholds.

I will be the one who buys your coins. 

I am ready to sell if we go down under 236.

This analysis is on point. However, I don't like the long term trend it has projected. It could easily slip far below the yellow long term trendline.

Coin
Explanation

It's quiet in here, too quiet, has the troll's sausage fest ended already. I hope not. Or do they al go to sleep in sync?

I like to read the bull vs. bear stories a lot. But for now stability is king.

No one wants to read this (because it is the blind spot of most market participants).

Next thing (around May) will be a slowly increasing price. As it still provides the "necessary" uncertainty for the current market situation. -> Bulls will be frightened to buy and sell and bears will be evermore frightened to short. Give this market some more time (months) to evolve.

ATM there is neither the need for a lower nor a higher price for the market to function well. Both doom and gloom have shortcomings we are not able to calculate in the price very well -> hence we stay where we are.

Edit: A possible intra-day flash crash including a fast recovery is totally possible at all times. This post is about beeing cautious, what the market wants vs. what market participants want.

This one is nice :

Coin
Explanation

How you know? I don't mean EA or very longterm holders, but greater part of traders buying and selling once a few weeks/max months.
There're many traders who bought below 200$ for longterm, they didn't sell ~300$ because their target is longterm and they thought we're going higher (so trend reversal and 500$+). When that kind of traders (obviously) didn't sell at 290-300$ and see now that we're still in downtrend, they usually have tight SL and it's probably this support line 235$ or 230$ or similar.

SL is sign of good traders. They'll sell with profit when this support won't hold becuase tactic is to have target and SL. Target is not available now and soon (very small chance to break 300$ without going below 235$), so that's why I think that there're still many people who will sell when support will fall.

Ofc there's another part of (also) good traders mid-long who bought at 250-300$ and their SL is to cut losses in this case.

Holders above 300$ is another story.

Daytraders is another story - they can accept any move if they're smart enough to use short laverage ang long laverage properly (for weak traders laverage it's more like gambling).

I think this support is not strong and it's just matter of time when we'll see prices below 235$.

There is 2000btc to 235$ and if you want to base your trade tactic at this support - good luck.

Good luck all ofc :-D

Bottom tested three times (at least) on declining volume over the past few weeks. This trading range was shakeout city.

charts are trolley enough

I've been there since October. It's not so bad.

yes, I also think you should sell your house, think, because ice caps are melting and it will be under water. I'll buy it for cheap and make it waterproof.

What I am getting at is: we had a 3k dump followed by crickets. Neither bear or bull cared enough to react neither here or at the exchanges. I have seen despair before. It's a friggin goth fest.

It means that it's not strong and it's falling partly. Look there's only 2.2k btc to 235$. This is fucking nothing.
Few h ago it was 4k to 235$. Look how weak are bids at finex.

We're at moment when best holders (not daytraders but mid/long players) think about sell because main support is melting.