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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25680. (Read 26608336 times)

legendary
Activity: 1078
Merit: 1441
legendary
Activity: 2338
Merit: 1035
the selling is definitely organic, tho.

What do you mean by organic??
ask
legendary
Activity: 1386
Merit: 1004
Where are all bears today?  Yesterday was completely different...
sr. member
Activity: 546
Merit: 250
Small 193 coin wall appears, the small guys all dump, wall disappears.  Still no confidence in the market.

I am saying bull trap until the guys who dumped us down 400 USD start buying.  If I start seeing 1-2k coin buys, I will believe.  This is organic buying, but organic buying doesn't control the market.


We had a new higher low at $618. Then traders decided it was time to dump taking out much support. If we bounce after this it will be kind of funny imo.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the selling is definitely organic, tho.
full member
Activity: 182
Merit: 100
Small 193 coin wall appears, the small guys all dump, wall disappears.  Still no confidence in the market.

I am saying bull trap until the guys who dumped us down 400 USD start buying.  If I start seeing 1-2k coin buys, I will believe.  This is organic buying, but organic buying doesn't control the market.
legendary
Activity: 1078
Merit: 1441
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Shorters are panicking!  Grin

looking at the swaps looks like some shorts are covering while others are taking positions, overall shorts appear to be going up.
hero member
Activity: 748
Merit: 500
grrr F'ing dump tards, stopping our rally, grrrr

who am i?  Cheesy

Classic ShroomKit?  Grin
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
Shorters are panicking!  Grin
full member
Activity: 238
Merit: 100
Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh

I was thinking we'd touch up close to 400... honestly there is no telling with the way this s--- is acting, though. I do think it is safe to say that the price will be lower than it is at this very moment within the next hour (and it is already $5 lower than when I first posted a suggestion to take profits in an early post about ten minutes ago). So, yea. But you may very well be right -- totally reasonable assertion.

Also, watch the battle at 2550 in China. I think it breaks. If it doesn't, I'm wrong and it is better to know that sooner than later.
full member
Activity: 182
Merit: 100
Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

More likely, it is money shifting from alts to btc in expectation of a rally.
full member
Activity: 238
Merit: 100
Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh

I was thinking we'd touch up close to 400... honestly there is no telling with the way this s--- is acting, though. I do think it is safe to say that the price will be lower than it is at this very moment within the next hour (and it is already $5 lower than when I first posted a suggestion to take profits in an early post about ten minutes ago). So, yea. But you may very well be right -- totally reasonable assertion.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2338
Merit: 1035
Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).

I don't think we will go much lower then 410 tbh
legendary
Activity: 2338
Merit: 1035
Another fakeout?? Sad

I got more fiat coming in anyway so it's good tho
full member
Activity: 238
Merit: 100
Yes, it's time to take profit. We are going to get another downdraft. There really is no telling whether it will be shallow or deep. Judging on the alts staying below the trend line, right now, I'd imagine it will be moderate to deep (but probably not below yesterday's low).
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
grrr F'ing dump tards, stopping our rally, grrrr

who am i?  Cheesy
sr. member
Activity: 546
Merit: 250
Hidden bidwall @ 423.01 on Finex

Edit: It's gone
full member
Activity: 238
Merit: 100
Well, I am terribly out of position on my latest trade after taking profit yesterday (I've been busy with work so I am only checking back once or twice per day which is kind of a challenge in such a chaotic period) so this isn't my play, but look at the alts right now (especially LTC). They've broken the uptrend on the 15-min chart and appear to be readying a downturn to stay below the trend line. Given that LTC has played the role of a leading indicator in the last two drops, this might be a good point to take profit (if you bought in lower than this price recently). This doesn't even mean that we aren't generally on the way up, but you should be able to take profit now and reenter at a lower point (and also, then, you aren't carrying the risk of how severe that low will be). It's a thought. Most people don't feel comfortable playing the trading game and for good reason, but for those who do that -- that's what I am seeing and, if you see it too, then it may be something you can act on.
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