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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27780. (Read 26710759 times)

sr. member
Activity: 270
Merit: 250



Non?

Si.

Ooh!


Bretter !! Bretter !! Bretter !! Bretter !! Bretter !! Bretter !!
legendary
Activity: 2156
Merit: 1070
Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?


hehehe, good call, but don't get too cheeky Smiley

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.

I actually do not know. It is possible that we will make a higher low and confirm ourselves in a consolidating channel - which will correspond with the consolidating longer term wedge. And then we will have the "come to jesus" breakout sometime later this month.

That's a scary thought for bulls, because to breakout to the upside we need FRESH FIAT.

Meanwhile this strong impulse down is screaming follow through, so we may get a chance to test this consolidation theory very soon.

Bitstamp order book look scary - for the bulls

Alot of the "bids" on Stamp and Finex are just for show. As soon as the market goes down 20-25% of them usually disappear.
legendary
Activity: 1190
Merit: 1001
Guys - fiat is leaving the Chinese exchanges.

That is why the market is selling off.


wasn't it suppose to have be done before may the 10th ?

Think about it for a second. If you held leveraged trades on Houbi and you were told you had 2 days to close them out before there were no more leveraged trades, what would you do? You would close them out. Since its a bear market, there were many more shorts - so shorts closed and it spurred a small rally.

Meanwhile if you were a HFT trader and new that you wanted to retire from the exchange and bitcoin trading now that HFT will be charged fees, would you sell your positions while the market was rallying? Hell no. You want the best price. So you let the market go up and hope it continues so you can get a better price. But once the market started selling off, you BETTER sell now and get out.

That is what we are seeing.

I'm not sure about that.
Check Bitfinex, 75% are bulls and 25% bears, even we are in a bear market. Chinese exchanges could follow the same pattern, that means a lot of longs probably need to be closed in the near future before they halt margin trade.

That could mean more dumps incoming.
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
"My religion is right and yours is wrong" is the leading cause of war and hate in the world.

Nonsense.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 336
Merit: 100
Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?


hehehe, good call, but don't get too cheeky Smiley

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.

I actually do not know. It is possible that we will make a higher low and confirm ourselves in a consolidating channel - which will correspond with the consolidating longer term wedge. And then we will have the "come to jesus" breakout sometime later this month.

That's a scary thought for bulls, because to breakout to the upside we need FRESH FIAT.

Meanwhile this strong impulse down is screaming follow through, so we may get a chance to test this consolidation theory very soon.

Bitstamp order book look scary - for the bulls
legendary
Activity: 2156
Merit: 1070
Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?


hehehe, good call, but don't get too cheeky Smiley

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.

I actually do not know. It is possible that we will make a higher low and confirm ourselves in a consolidating channel - which will correspond with the consolidating longer term wedge. And then we will have the "come to jesus" breakout sometime later this month.

That's a scary thought for bulls, because to breakout to the upside we need FRESH FIAT.

Meanwhile this strong impulse down is screaming follow through, so we may get a chance to test this consolidation theory very soon.
hero member
Activity: 798
Merit: 1000
Some (Chessnut?) (Rpetilia) is deleting a lot of their posts in this thread.

The incredible shrinking bear thread.

Lol cant you see deleted posts on the mirror'd version of this site ?
legendary
Activity: 2156
Merit: 1070
Some (Chessnut?) (Rpetilia) is deleting a lot of their posts in this thread.

The incredible shrinking bear thread.
legendary
Activity: 2156
Merit: 1070
Just enjoying the ride on this one.

Is there any news or anything?

Anything actually come of yesterday ?

This is simply another retracement. Profit taking before fiat leaving the exchanges.
hero member
Activity: 798
Merit: 1000
Just enjoying the ride on this one.

Is there any news or anything?

Anything actually come of yesterday ?
legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread
In a fortnight things will be different.
sr. member
Activity: 378
Merit: 254
...fictional account...anti-wealth propaganda...your book of lies...ancient yarn
...no more truth than The Hobbit.
...

Wait, so The Hobbit...  Way to shatter my worldview Sad
newbie
Activity: 51
Merit: 0
you guys should just relax and enjoy the ride. whether up or down.

Yes but up, down,up,down,up....VOMIT !
legendary
Activity: 1260
Merit: 1002
you guys should just relax and enjoy the ride. whether up or down.
newbie
Activity: 51
Merit: 0
it seems that the market doesn't know where to go...But on kraken it's rising slowly since nearly one hour.

No the copy paste of china since few days anymore in fact...
hero member
Activity: 910
Merit: 1003
It is ~01:30 am in China.  Price may remain stable for a few hours. Or may not...
legendary
Activity: 2156
Merit: 1070
Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?


hehehe, good call, but don't get too cheeky Smiley

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.

Thank you. I will never get credit from any of the bulltards.

I will get cheeky with some of them - looking at your Chessnut. Once again your EW wave was INVALIDATED. Yet again, you will have to redraw it.


full member
Activity: 336
Merit: 100
is it me, or there is much more sold BTC then bought in last few days?

Hope you kidding?
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