Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bassclef
on 05/02/2015, 21:56:45 UTC
We get you are short newbie..I wish there would be some follow-through selling for you Smiley

BTW..10,500 coins to 200. 7000 to 246! Rape!

Yes, I am short. But considering there was about 400 to 219 a couple minutes ago, there is now 2200 to 219, and Magic Beanswisdom is down for a few of the exchanges so people can't track the walls... well, those things make me think yes... people on here might want to know.

I see you are long!

I'm long too but I trade on daily candles. Anything below 6h/4h is noise to me. The way I see it we're moving into oversold territory on the oscillators on declining sell volume with narrower candle spreads... the current daily candle has a decent wick pointing downward, indicating that the market absorbed anything in that range... even the 3d candle is turning into a no supply candle, pretty pathetic for bears. I think the markets have simply ground to a halt. Last selloff was meh. Noob/bad trader/gambler shorts have increased to 20k thinking we'll retest $200 when in reality there is almost nobody left to sell. Perfect opportunity for a pump.

The dump this morning looks like a failure.  No panic sells, just the Bears who opened up the shorts.  Today would be a great day to squeeze. 

Might have to wait until tomorrow night--at these prices market makers love to mark the price up just before fiat deposits go though.