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

[grappa_barricata]

Ok, so I am a bear, but what the f--- are these maniac shorters doing? The shorts have been around 13,000 on BFX for several hours, the price has stabilized or gone up slightly, and the price on BFX is $3 below that of BTC-e. For a while I thought there might be a chance for a flash crash on manipulation, but we've stabilized. I can understand being wary to buy in at this point, but to have a short right now is pure f---ing madness. Who the hell wants to be in a line with 13,000 BTCs trying to close out the shorts? That's f---ing nuts.

As i understand it, the absolute amount of money in long and short positions is more a measure of how much an exchange is used, than anything else. Only meaningless thing you can extract from these values is their ratio, as a sort of overall sentiment indicator.

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[ChartBuddy]

Explanation

[findftp]

When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?

Interesting angle.

and no China to fake ban Bitcoin

But Russia instead

[Davyd05]

When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?

Interesting angle.

and no China to fake ban Bitcoin

But Russia instead

only thing we should worry about letting governments ban is access to free water.. man I fear for the people of brazil already having a rough go due to a drought that measures almost a year or more now.

[coins101]

BitLicenses uncertainty again.

Drag on prices for another few weeks until we something positive on the regulatory front.

Only positives from BitLicenses will be approval of BIT and COIN ETFs.

Pain incoming.

[BitAddict]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

I do a bit of everything. But i'm using the 15 min to show when the ext big movement will come.   And it will come in in the next hour or so imho

Triangle has broken and price is going down.

[Wandererfromthenorth]

Breaking down on Okcoin right now.

Dump.

[BlindMayorBitcorn]

Up or down. Definitely

[shmadz]

Pain incoming.

One's pain is another's delight.

Until we break below 266 I'm still of the opinion that as low as possible for as long as possible is the best path forward for bitcoin. Adoption and price are tied at the hip, and mass adoption is not possible until the infrastructure is in place to such a level that bitcoin is actually easier than traditional methods. The masses don't care about fundamentals or obscure charges that are hidden in the background, they care about ease of use.

If the price could just stay below 800 until 2016, that'd be great, thanks.

(Of course if we break below 266, then I don't know what the fuck is going on and all bets are off.)

[grappa_barricata]

[jonoiv]

in about 1 -2 hours the break out should happen.  It looks pretty bullish to me.

If you're just looking to buy and hold, you probably should not be using 15 minute charts.

I do a bit of everything. But i'm using the 15 min to show when the ext big movement will come.   And it will come in in the next hour or so imho

Triangle has broken and price is going down.

Yep just like the last time went it broke out bullish but then dumped..  funny that. 

Rinse,  then massive bullish volume. 

[SkyValeey]

Ok, so I am a bear, but what the f--- are these maniac shorters doing? The shorts have been around 13,000 on BFX for several hours, the price has stabilized or gone up slightly, and the price on BFX is $3 below that of BTC-e. For a while I thought there might be a chance for a flash crash on manipulation, but we've stabilized. I can understand being wary to buy in at this point, but to have a short right now is pure f---ing madness. Who the hell wants to be in a line with 13,000 BTCs trying to close out the shorts? That's f---ing nuts.

+1

[derpinheimer]

Keep looking at okcoin and huobi since it is clear they are faking the volume... Example: anomalies in last two days.
Way to go.

I see nothing odd.

[BitAddict]

Keep looking at okcoin and huobi since it is clear they are faking the volume... Example: anomalies in last two days.
Way to go.

I see nothing odd.

Look volume at okcoin. Opposite to other exchanges they had no major volume on last dump from $355 to $440, but they had massive buying pressure after that.
It's quite suspicious.

Price is going down under 2120 where they massively bought, and now again there is no volume. How can you explain that?

Remember they have huge farms, if they can fakeout volume and rise the price $10 or $20 before selling their coins in other exchanges... it's a great deal for them. Also for opening new shorts at higher levels...

[ChartBuddy]

Explanation

[fonzie]

Keep looking at okcoin and huobi since it is clear they are faking the volume... Example: anomalies in last two days.
Way to go.

https://i.imgur.com/EY0w31q.jpg
I see nothing odd.

I would call this at least a bit suspicious.
1min OKcoin chart.



10k+BTC volume in 7-8 min, and the price didn´t move more than 2-5 CNY. At that time there were no big sell or asks. Just dozens of 30-100BTC transactions that changed hands back and forth in lightning speed at the same price.
BTW: I have no idea if the exchange themself is doing this or (a) trader(s), i guess the latter one. (Tyring to paint a bottom or whatever...)

[N12]

Keep looking at okcoin and huobi since it is clear they are faking the volume... Example: anomalies in last two days.
Way to go.

https://i.imgur.com/EY0w31q.jpg
I see nothing odd.

I would call this at least a bit suspicious.
1min OKcoin chart.



10k+BTC volume in 7-8 min, and the price didn´t move more than 2-5 CNY. At that time there were no big sell or asks. Just dozens of 30-100BTC transactions that changed hands back and forth in lightning speed at the same price.
BTW: I have no idea if the exchange themself is doing this or (a) trader(s), i guess the latter one.

Seems legit!

[derpinheimer]

Ah, this



Well, its definitely odd.. but is it important? It looks to be someone just fluffing the volume, possibly testing a HFT bot. No fees, so its not like there are repercussions to it like on USD exchanges.

[catena5260]

Everyone knows the chinese exchanges are suspicious.

Put they wouldn't put that much effort to make the price fall if they don't want make it rise somewhere in the future.

Would they?

[Dotto]