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

We get you are short newbie..I wish there would be some follow-through selling for you

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.

don't worry when the chinese wake up they will see that big red 'chinese panic' flash dump and they will start the panic mode and huobi will shutdown and and all the chinese will start unloading their bags on the rumor that bitcoin is going to 170.

Is a $10 drop really enough to cause that much panic?

The only people panicking are those that dumped 5000 coins on finex hoping the price would fall in a cascade of selling.

In 30 days we have US regulation coming onto statute.

Well there are 2 options I can see

1) dump more coins (a lot more) and try to cause panic
2) accept defeat and close positions and try again at a higher level

Unless the Chinese are not the ones that dumped and the dumper did so hoping when China wakes up they will cause the panic. Again all for $10 isn't that much.

Anyways China wakes up in 1 hour so we will see