Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation

[Erdogan]

We need 10% per week or about $60, or about $10 a day to conclude that the expected pre-bubble has started.

[Dump3er]

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

supposedly it is not doing its "thing" now.

[fonzie]

One of the possible sellers on bitstamp seems to be second market.

They sold about 1771BTC accordin to their newest update yesterday.

[FNG]

My wallet users seem to be growing slightly faster on it's way to 2million

https://blockchain.info/charts/my-wallet-n-users

One of the possible sellers on bitstamp seems to be second market.

They sold about 1771BTC accordin to their newest update yesterday.

or they were redeemed. Probably sold but redemption is now a thing

[abercrombie]

stamp dump at 10:03 utc huobi following up

Boom! Back to the $580s! Almost missed that place! But it's good to see that Bitdump is leading and not China. It really is time that they follow the Western exchanges for a change!

Someone yesterday mentioned each Fri a big retailer converts BTC to fiat.  Was that their dump?   

[marcus_of_augustus]

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

It is what is known as "determined sellers" ... they are not interested in selling for the best price, but rather keeping the price below targets. They have become rife in all the other commodity markets that allow leveraged trades and derivatives backed by undeliverable promises. I'm waiting for the next several Bitcoinica-like blow ups when the bull run puts pressure on broken models like these ...

[johnwest]

We need 10% per week or about $60, or about $10 a day to conclude that the expected pre-bubble has started.

Don't you expecting so much, live in present and expect what will be achieve not over the wall.

[dakota neat]

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

It is what is known as "determined sellers" ... they are not interested in selling for the best price, but rather keeping the price below targets. They have become rife in all the other commodity markets that allow leveraged trades and derivatives backed by undeliverable promises. I'm waiting for the next several Bitcoinica-like blow ups when the bull run puts pressure on broken models like these ...

I agree. Will buy 4000 BTC to touch the 600 wall and look at the outcome

[Tzupy]

A possible explanation for the difference between China and Bitstamp could be that insiders are transferring
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.

[ChartBuddy]

Explanation

[Dump3er]

A possible explanation for the difference between China and Bitstamp could be that insiders are transferring
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.

Huobi and all Chinese exchanges are going to close! Mark Karpeles was seen on Beijing Airport! Bitstamp is closing their bank deposits, too!

Sell, sell, sell!

[Dabs]

I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

[Bittings]

Not mine, but interesting Fibonacci pattern. Go down on 1.0, super bubbles on 1.618

https://www.tradingview.com/v/CawRUdgA/

[ensurance982]

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

Well, actually it does in their way of seeing it! They could make more money by buying even cheaper coins! That's the sentiment of the market. And as long as nothing happens, it is a good thing if you have enough balls and brains to use those small price swings and daytrade your way to more BTC!

[ChartBuddy]

Explanation

[ensurance982]

I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

Ha, yeah most people come here when something big happens and the price moves - which it doesn't right now. But a lot of regulars just like to hang around here. It's somewhat like Cheers, "Sometimes you wanna go where everybody knows your name!"

[wonkytonky]

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

this is what is happening .. and if you are a bull you should be happy about it.

put walls on important points fibs or psychological  round numbers..  or at tops .. like 680 was a a good point.. since market was rallied out..    
others will put asks infront of you..   and with price going down .. others will add asksk..

this way ppl  who want to buy in "cheap" (anything below 600 is cheap).. can..    
 because we gonne test ath anyways.. so doubling investment  is as good as sure.

now big players are slowly buying in.    with as good as no slippage..  
once the market is ready to go up ..  and  it will at some point..
suddenly you'll be looking at thin ask side on orderbook and only nice ask sharkwalls in higher prices.. which attract them buyers..    the sharkwalls are the  whales slowly selling up ... they gonne push up as hard they can so they can keep on selling higher and higher..  

it's all about waiting, and waiting and waiting..  and don't lose coins trying to trade..

at this point.. i only buy new coins..  dont care  much about the price..  aslong it's below 600.

[cbeast]

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

supposedly it is not doing its "thing" now.

[ensurance982]

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

this is what is happening .. and if you are a bull you should be happy about it.

put walls on important points fibs or psychological  round numbers..  or at tops .. like 680 was a a good point.. since market was rallied out..    
others will put asks infront of you..   and with price going down .. others will add asksk..

this way ppl  who want to buy in "cheap" (anything below 600 is cheap).. can..    
 because we gonne test ath anyways.. so doubling investment  is as good as sure.

now big players are slowly buying in.    with as good as no slippage..  
once the market is ready to go up ..  and  it will at some point..
suddenly you'll be looking at thin ask side on orderbook and only nice ask sharkwalls in higher prices.. which attract them buyers..    the sharkwalls are the  whales slowly selling up ... they gonne push up as hard they can so they can keep on selling higher and higher..  

it's all about waiting, and waiting and waiting..  and don't lose coins trying to trade..

at this point.. i only buy new coins..  dont care  much about the price..  aslong it's below 600.

Easier said than done, I guess! I also don't know whether ShroomsKit currently is a bull, a bear or something in between (pigeondog?) But really sticking to your trading plans and rules can be a hard thing if emotions are involved - which they usually are when it comes to money.