Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26243. (Read 26713116 times)

full member
Activity: 154
Merit: 100
playing pasta and eating mandolinos
It is all a deception, embedded in another deception.
Like a magnificent planet-wide brain chemistry orchestra.
legendary
Activity: 3794
Merit: 5474
Just remember kids: sharp bounces don't necessarily mean a true reversal.

Just look at what happened in April - a sharp bounce from bottom off  339 all the way to 554 on about 4X the volume of this recent bounce.  Everybody cheered "Hooray!  Look at that volume! Downtrend is over, bottom is in, only up from here!"  Then look what happened over the next 2 weeks after the rally... slow fall from 554 down to 420's.  Where it stayed for a month.

So yeah.  I predict that within 10 days (by 9/1) you'll have your answer whether this rally was sustainable or not.
member
Activity: 112
Merit: 10
The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

Except once on Monday and once on Tuesday, after the pattern was set, he waited until it went up $5 and everyone bought in, then dumped 500 and 1200 coins on us.  I know because he cost me nearly $200.

I am not a conspiracy guy, I swear on my family's life, but much of the drama over the last week looks like one guy/group.  The 7k dump on Bfx, the big hidden walls to get his coins back, etc.  I would like to blame him for the rise today not stalling at 499, but that is more questionable.


do not buy in fake recover trap!
member
Activity: 84
Merit: 10

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 182
Merit: 100
The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

Except once on Monday and once on Tuesday, after the pattern was set, he waited until it went up $5 and everyone bought in, then dumped 500 and 1200 coins on us.  I know because he cost me nearly $200.

I am not a conspiracy guy, I swear on my family's life, but much of the drama over the last week looks like one guy/group.  The 7k dump on Bfx, the big hidden walls to get his coins back, etc.  I would like to blame him for the rise today not stalling at 499, but that is more questionable.
legendary
Activity: 1512
Merit: 1000

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.
member
Activity: 112
Merit: 10
I would be happy with a dump. $6 from the top of a fast rise is not a good entry point for me.

Looking at depth, it will be tough to push below $485.  Even if the 7k dumper comes back, we are at $455.

then a harder dump will happen, that's why we dropped from $1200 to what? $300?
hero member
Activity: 924
Merit: 1000
The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..
sr. member
Activity: 260
Merit: 251
Holy shit falling.  You've already posted the same chart in 10 different threads do you have to post it multiple times on the same page as well?

^^^^ this.
full member
Activity: 182
Merit: 100
I would be happy with a dump. $6 from the top of a fast rise is not a good entry point for me.

Looking at depth, it will be tough to push below $485.  Even if the 7k dumper comes back, we are at $455.
member
Activity: 112
Merit: 10
Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..

same thing is happening again!
legendary
Activity: 910
Merit: 1000
Holy shit falling.  You've already posted the same chart in 10 different threads do you have to post it multiple times on the same page as well?
member
Activity: 112
Merit: 10
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

Slow recovery, big dumps.  Slow recovery, big dumps.  Very familiar pattern lately...

agreed
sr. member
Activity: 364
Merit: 250
Total sum of active swaps
USD   0.054%   0.1602%   18,006,743.72 USD
BTC   0.0055%   0.0065%   7,462.83 BTC

Over 500$ without new longs  Shocked There is at least 12mil$ for borrow on finex  Cool

If we had $12 million in panic buying at market price, where would that take the price?
hero member
Activity: 924
Merit: 1000
Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..
hero member
Activity: 994
Merit: 501
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

Slow recovery, big dumps.  Slow recovery, big dumps.  Very familiar pattern lately...
full member
Activity: 224
Merit: 100
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.

We're already on a slow down swing... have been for about 30-45 minutes.
member
Activity: 112
Merit: 10
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.
agreed, check about the last dead cat bounce we had:
do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!

legendary
Activity: 896
Merit: 1000
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.
Jump to: