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

They've already displayed their move. Big walls on bitfenix and huobi in the $300 to $400 range piled up as we dropped. So far they aren't totally out of ammo, But the walls are beginning to fail.

Panic will likely happen at $300, whenever it comes, but it will be relatively unresisted compared to now.

what makes you think that they are out of ammo? possible "they" ain't showing everything "theeeey" got. no need to show your full force when a fraction of it is enough to cause a desired movement

I edited that post to clarify a bit. Basically, the megawall on $300 was being upkept for awhile, But not anymore. Bulls are exhausted

I would say opposite.. bears are exhausted and bulls are just getting warmed up... still waiting for LTC dump to happen so btc can finally bottom.

It's possible. Buying pressure through market orders is way up this week. Something has to give.

Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.

I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.

Just saying what I see... We will never get timing right.. direction we all are good at "seeing" you can look at the charts and fundamentals and everyone can draw the same conclusion... hard part is trying to predict when it will happen for potential purposes... time is always of the essence... you gain some when you get it right, and lose some some when you have to wait.