Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28063. (Read 26710352 times)

legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

The last 12 hours or so have seen some increases in volume..

Whether we have rumblings of significant price movements, only time will tell....

Even though I do NOT do lines, it seems that breaking above $560-ish or breaking below $450-ish would be significant regarding which way we are heading next.. Otherwise if the price bounces back and forth between $450 and $560, I am NOT going to get too excited...

While this is true, if we can get to and maintain at prices of $550 or $550+, it is definitely a huge step in the right direction.  With this last decline (where we touched down in the mid $300s), so many media outlets where crying out how this was bitcoin's demise.  A recovery to $550+ (sustainable), will make them put their feet in their mouths.  
legendary
Activity: 2156
Merit: 1070
Look, man. My post wasn't sarcastic. I was ACTUALLY asking you to make a comprehensive case. The fact that you respond by saying that I am "offended" and "dreaming" and "wrong" and offered no further bull evidence makes you look the like the one who is defensive and scared. Yeah, I made a bad trade at 475 that I admitted to. Does that make the bull case stronger? Of course not. That was on me, not the market. I didn't follow my own rules in that one particular case.

But you are the one that is coming across as desperate. I don't give a flying f*** if we go up or down from here personally. I was simply asking you to make a comprehensive case. But you seem only interested in congratulating yourself on catching this wave up. Whatever.

I think you need to work on your sarcasam skills.

desperate? me? I bought at 484, remember? Im pretty comfy. Im on a roll.

so you dont like your bad trades being poked at? hmm interesting. I haven't made any promises, so I really wouldn't feel the same. if you want to come poke fun at me in a couple of days ill be here, but at this rate, Im not going to forget this either.

Ive made a comprehensive case but you wouldn't remember the details. you seem to have made up your mind.

lol. whatever. I have about 100x times more at stake on exchanges than you do. Of course I care. I can't afford to have some unreasonable market bias.

I dont want to poke fun at you. That's the point. I was just hoping you could offer more comprehensive analysis. I won't ask again.
hero member
Activity: 798
Merit: 1000
Who's there?
Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?


Haha  Cheesy So bullish!

You should use logarithmic scale.
That's why the train pictures don't work: they should be in log scale!
legendary
Activity: 2156
Merit: 1070

Come on, Chessnut, make a REAL case for us.  You have been chattering on cheerleading the market with bullish expectations. But posting these same charts over and over again and saying things like we will go up because triangles normally continue direction is ridiculously weak TA.  Make a real case for us. Tell us where the money came from to take us up. Tell us where that money is now. Tell us why we can capitulate on historically low volume. Tell us why this is really different than March. Make a real case. Answer all our bearish doubts with some real substance. We wanna believe that we can go into another bull market. Tell us why we really really should believe this without posting that one chart over and over. Give us some real meat, Chessnut!

hey im not the one who sold at 475... lol
your reasons are not strong. you cant explain why the price is going up. same old excuse - no fiat. well you are obviously wrong.
you are only so offended because you dont have the reason to convince yourself that we are in a bear market. just keep dreaming.
capitulation doesnt always happen at the bottom, youv'e had your volume, and we have seen a divergance wave.


Look, man. My post wasn't sarcastic. I was ACTUALLY asking you to make a comprehensive case. The fact that you respond by saying that I am "offended" and "dreaming" and "wrong" and offered no further bull evidence makes you look the like the one who is defensive and scared. Yeah, I made a bad trade at 475 that I admitted to. Does that make the bull case stronger? Of course not. That was on me, not the market. I didn't follow my own rules in that one particular case.

But you are the one that is coming across as desperate. I don't give a flying f*** if we go up or down from here personally. I was simply asking you to make a comprehensive case. But you seem only interested in congratulating yourself on catching this wave up. Whatever.

legendary
Activity: 1512
Merit: 1000
@theshmadz

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.


"They float, they all float."

http://youtu.be/ZKc6bHkczgU?t=26m
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2156
Merit: 1070

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.


we have met the conditions of a wedge. low volume, contracting volatility, contracting range. something has to happen soon, most likely it will be in the same direction as where it came from. as long as the bulls remain as weak as they are now, and have been for the last days, I will assume it's going up.




edit - ask walls gone.

Come on, Chessnut, make a REAL case for us.  You have been chattering on cheerleading the market with bullish expectations. But posting these same charts over and over again and saying things like we will go up because triangles normally continue direction is ridiculously weak TA.  Make a real case for us. Tell us where the money came from to take us up. Tell us where that money is now. Tell us why we can capitulate on historically low volume. Tell us why this is really different than March. Make a real case. Answer all our bearish doubts with some real substance. We wanna believe that we can go into another bull market. Tell us why we really really should believe this without posting that one chart over and over. Give us some real meat, Chessnut!
legendary
Activity: 924
Merit: 1001

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.


we have met the conditions of a wedge. low volume, contracting volatility, contracting range. something has to happen soon, most likely it will be in the same direction as where it came from. as long as the bulls remain as weak as they are now, and have been for the last days, I will assume it's going up.




edit - ask walls gone.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

The last 12 hours or so have seen some increases in volume..

Whether we have rumblings of significant price movements, only time will tell....

Even though I do NOT do lines, it seems that breaking above $560-ish or breaking below $450-ish would be significant regarding which way we are heading next.. Otherwise if the price bounces back and forth between $450 and $560, I am NOT going to get too excited...
sr. member
Activity: 364
Merit: 250

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 924
Merit: 1001

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.
full member
Activity: 166
Merit: 100
Are we headed for a retest of 472.50?  Is a second rejection of that price level what we're waiting for?  Do we need a double inverted head and shoulders at this level?


presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.

Possibly this guy needed some fuel for a rally.
sr. member
Activity: 364
Merit: 250
Are we headed for a retest of 472.50?  Is a second rejection of that price level what we're waiting for?  Do we need a double inverted head and shoulders at this level?


presuure is so weak, this cant go too far today. if this is the best that 600BTC sell walls across exchanges can do to the market, that is quite bullish. even if they were dumped, they would be gobbled up within $10 price range.

We have a new 3-day low.  That's not so bullish.  Unfortunate.
hero member
Activity: 672
Merit: 500
nice sell wall stamp!

It's on Stamp, BFX, and BTC-E!

trying to bring down prices?

Of course. Because months of low prices and cheap coins wasn't enough for some people. They want to go down. If possible all the way to 0.
legendary
Activity: 1512
Merit: 1000
@theshmadz
Are we headed for a retest of 472.50?  Is a second rejection of that price level what we're waiting for?  Do we need a double inverted head and shoulders at this level?


wall is gone on bitfinex..... surprise surprise...

Are you ready for the drop? Then drop it!

https://www.youtube.com/watch?v=WDB0HD4J2Ec
legendary
Activity: 924
Merit: 1001
Are we headed for a retest of 472.50?  Is a second rejection of that price level what we're waiting for?  Do we need a double inverted head and shoulders at this level?


wall is gone on bitfinex..... surprise surprise...
Jump to: