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

Down to 284 on Stamp, I was hoping for an assault on 300 tonight, looking unlikely now.
Is 280 going to hold?

Depends on how much the LTC ponzi guy sells off in Bitcoin.
+ panic sells.

It's not the ponzi guy controlling LTC, it is a whale, probably a group of them. Doubtful that Mr. Ponzi had such a good pump bot and control over multiple exchanges.

Looks like the LTC selloff is spilling over a bit into BTC. Meanwhile LTC may go to $3 before bouncing.

Idk, LTC hit the 61.8 fib retracement so it could possibly be a bottom at this point. Maybe another runup? Placing bets for tonight on into tomorrow?

Fibonacci analysis on an illiquid pump and dump, what could go wrong?

Point still remains that this retrace stopped right around the aforementioned level so I imagine some sort of support must be forming again. One of the dudes that called this last ltc rally is back in 100% right now. I'm not that bold but I did add some to my plate.

Correlation != causation. Best of luck to you tho. At least you're buying 50% lower than yesterday.

Regarding bitfinex, kinda sad to see what the real bid side looks like after our benevolent bullwhale took his $millions off the (visible) book.