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

[podyx]

@ price action

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[hyphymikey]

If you haven't gotten back in yet, better do it before 300.

[spooderman]

The real question is which exchange will Bitcoinity be using for when the animated gifs start up again?

You are correct. I think STAMP should remain the main exchange given my western-bias.

[criptix]

that was ~5300 btc (25+%) shorts covered on bitfinex

also a bit of profit taking on longs ~5%

[juju]

Holy mackerel, I literately was working on a program for 2 hours then ate a bagel, price jumped 20+ dollars. I still think that this is only temporary and we will see a big sell off soon.

[kodtycoon]

so if this is the start of the bubble.. will it be like this the entire way up? :/

[abercrombie]

[yefi]

it's ok, if he helps me solve this problem I've got a good sized wedge heading his way ....

Sounds salacious. 

[criptix]

west leads and china agrees  

a story of a forbidden love unfolds...

[spooderman]

290 down!

So much for sleeping, I can't remember the last time I was this excited about the price.

[zeroday]

somebody's got squeezed

[gentlemand]

so if this is the start of the bubble.. will it be like this the entire way up? :/

It might just be a recovery compared to a bubble, though perhaps a bubble may come sooner rather than later.

During the last one there would be a leap, followed by a breather, followed by another leap. I remember it going up $200 between going to bed and waking up one night.  

[hyphymikey]

I don't see how the bears didn't see this coming. The bids were pulled back, bears were suckered into selling low, and now the ask side is extremely thin making the rise that much easier. That and with whoever was dumb enough to short down here, only adds fuel to the fire.

I wonder what happened to that guy that borrowed all those coins to bring us down to gox levels? Is he having to pay it back at a huge loss?

[ivyleague1985]

Buy the dip, I guess we will see $320 tonight.

Admin, maybe we should change the poll to "will we see sub $300 coins" on Monday or on Tuesday?

The sentiment is changing rapidly.

[spooderman]

Point is, there's just very little resistance

It's like 2300 coins left until $1k :S:S:S:S:S:S:S:S

[kodtycoon]

http://www.zerohedge.com/news/2015-01-25/chinese-currency-plunges-peg-limit-against-usdollar-strongest-against-euro-14-years

this must be why china is going ape shit..

[jaberwock]

I don't see how the bears didn't see this coming. The bids were pulled back, bears were suckered into selling low, and now the ask side is extremely thin making the rise that much easier. That and with whoever was dumb enough to short down here, only adds fuel to the fire.

I wonder what happened to that guy that borrowed all those coins to bring us down to gox levels? Is he having to pay it back at a huge loss?

maybe he had a future contract and somehow he managed to get lots of money with the current situation?

[spooderman]

I wonder what those "bitcoin is dead" trolls are doing now?

trying to find other work.

[davidorentol]

[damiano]

I'm so shocked, I've never pulled a profit on leverage like this before