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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22462. (Read 26609083 times)

hero member
Activity: 798
Merit: 1000
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  Wink

Yes, you're right. Smiley Smth like "near-flat silent distribution" with 3 fake attempts to break 300.

But I don't think we're going very low, maybe 260-270 (?). I'm bullish in mid and bearish in short.

Mid/long taders can close ex and charts for few weeks and don't think too much about price.

Better correction now and then up than fast 350$ pump and strong downtrend like January.

I'm thinking a test $270, been calling it for days. Keeps the uptrend in tact. There's just too many god damn longs!
sr. member
Activity: 392
Merit: 250
Didn't their mother teach them not to procrastinate? If you wait until Friday to buy your blow, you'll end up paying in fiat. Some kids just never listen.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
Jeez, whoever is selling must need a lot of blow for the weekend...
hero member
Activity: 560
Merit: 500
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  Wink

Yes, you're right. Smiley Smth like "near-flat silent distribution" with 3 fake attempts to break 300.

But I don't think we're going very low, maybe 260-270 (?). I'm bullish in mid and bearish in short.

Mid/long taders can close ex and charts for few weeks and don't think too much about price.

Better correction now and then up than fast 350$ pump and strong downtrend like January.
legendary
Activity: 981
Merit: 1005
No maps for these territories
hero member
Activity: 924
Merit: 1000
Bear puts up 300+ ask wall, starts to get nibbled but holds

Bull market buys it with a 320 coin order

Bear immediately anger dumps 500+ coins, showing his hand and emotional state

This is not the activity of a good trader. Plenty of gamblers left to extract money from.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 798
Merit: 1000
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.

The whales have been selling into the overly bullishness the last couple of days  Wink
hero member
Activity: 560
Merit: 500
Pretty boring Wink. I prefer fast dump or fast rocket than this.

It looks like market is waiting for some whale move.
legendary
Activity: 1442
Merit: 1186
Looks like it's time to short... but that's okay we can still fall down to the 260-250 range and still be within our steady uptrend since mid January.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1526
Merit: 1012
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 344
Merit: 250
The reason is that if we just flew by 300 idiot traders would just sell us back down.
Shroomskit, is that you?Huh
Lol... I guess I should have said bad traders.
I wish I had done that. Undecided
hero member
Activity: 798
Merit: 1000
I like the volume that came in when breaking below 290, feels like some stop loss was triggered and poeple Immediately bought the resulting coins.



now volume is winding down, and we appear to want to be going higher already. in the next 24-48hours I predict we'll be breaking up, popping over 295 resistance, knocking on 300 once or twice with 295 as support, and BAM high volume buys drive price to 310-320 maybe even seeing a second leg to 350.

I'm not so sure, we still have retail buying today which I feel is keeping the price up and keeping people holding on to those outrageously expensive longs (0.1% PER DAY!). I think so many people were holding onto longs waiting to sell over $300 that if the price dribbles down over the weekend they will close. Particularly ones held from lower down. In my opinion there are just too many people waiting to take profit (at least $3-4mill worth), we need to drop them off first and pick up some shorts to really get the fuel to pop over and stay over $300 for good.
sr. member
Activity: 344
Merit: 250
It looks like we might be staying in the channel for now.
That didn't work out too well.

To me it looks like the price crashed from the channel and bounced from the 1797.1 resistance.



I don't know what to expect next. Sad It could drop again or not.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
biased perspective: the dump was merely to get people warmed up for what's next. To instill doubt, to soften the ground, to tweak the indicators, grease the wheel, lube the dildo... you get the picture Smiley




Yes because I'm sure they could control that


Cheesy Cheesy Cheesy
sr. member
Activity: 392
Merit: 250
Where did you read that this is merely the lubing of the dildo? WSJ?
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