Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32928. (Read 26610361 times)

I can hardly see the enthusiasm in the bids (wall is found at 90), only coordinated large buys from a (few) whale to entice panic buying again.. And you know they always shit on us  later on..

Very good. Keep on good work 

My USD cannons are firing. I intend to rocket us past $102, at the least. 

I wonder when panic buying is going to start. Next cheap coins, after Mrs Markets have climaxed again with a higher high, will be in region of 103 - 105...

The price action in the last few hours indicates that $108 is in the gun-sights. There is no real enthusiasm for a full retreat after the foray to $104.

I was right, 2k wall just pooped up at 95, the big manipulation boys are back! Its going to be tough this time to fight the monster asks ahead.

Edit: wall vanished

Aaand it's gone...

It looks a bit like bulls in action;))) We'll see how long it lasts ...

Whales pointing their nose again with coordinated big buys within few minutes, trying to incite another rally???

EDIT: But I am not a bear, I'm trying to estimate how much Bitcoin hold, how much to sell over 100 a buy under 80 and many under 60

I think that tactic of portfolio allocation to different positions is more important than catching tomorrow's prices.

What are you seeing as the max down movement? Range?

I do not want to predict accurately whether 80 or 70 and at what time  

But some indicators suggest that the market is overbought after the rapid boom from 69 to 94 (a peak 104).



I assume that the 104 was the top of this wave will soon see low. (it may not be in 48 hours )

Abandon - What your chart needs is more lines, I mean Cowbells...



But seriously, looks like it is rolling over. I remember that at $130. 

Yes, it is called an engulfing Vagina. Be very very careful going long guys...

It might be beneficial to look at the chart the other way around:

I think we might see $70 within 48 hours.

Looking bleak for the moment.

Hold me to this but first I must come clean (as all of us should).

I am in fiat, so my bias is bear (short to mid term bear). Long term is Über Bullish.

Trying to be as neutral as possible, what I see happening is a few HUGE players driving the price up and waiting for bids to fill so they can profit and let the correction continue.
I don't think we can argue the huge players involved. Remove them and we are not where we are. Is that wrong to say? They are a part of the market in a sense, no? Perhaps I am wrong.

psychologically - Same old, the bears see bearish charts, they search for them and find them. The bulls do likewise. (I see both, though the short/mid term still seems bearish, chart wise). I am really trying to be neutral but that is almost a mutually exclusive thing in general, especially when you believe in BTC as I do. Caught between a rock and a hard place. I understand to a point the dire situation of the global monetary situation. But I also know the miracle of a temporary bridge they have been able to sustain and it is more than I imagined. "Just print more".  For example, do you know the Federal Reserve loaned the EU 2.3 + trillion last year? Hardly anyone knows that and fewer know that is illegal, but they did it via overnight swaps. Avoiding laws, much like their gold "leasing" did. So, I am trying to increase my BTC position, all the while knowing the global financial situation is like a rope bridge across a burning valley and the fire is starting to touch... ouch. I think that is fairly accurate. And some of the players benefit from the bridge burning, go figure.

Hope that wasn't too long. But we (globally) are in a mess that most have no clue about. And here we are in BTC trying to save the few pennies the "elite" have allowed us to have. Dire, no. Freedom is coming, but the in between is going to be interesting. Long story short, I'm not sure it matters, but it certainly is a nice distraction. 

IAS