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

[Fatman3001]

Good grief, if things stay this lifeless then this thread will go days w/ just pages of chartbuddy posting unmoving price charts. However, something should be happening tomorrow at least. I'd imagine this Swedish thing is popping up for a reason and perhaps there's demand waiting with baited breath.

There was a big step down about half a week ago and the market has been moving in steps with fairly flat prices in between. There will most likely be another step in the price soon. However, the last half week must have had the lowest volume trading for months.

Lowest since the week of 22. Dec 2014. Price dropped $70 the week after.

Where are the winkledinkles when you need them?

[ChartBuddy]

Coin
Explanation

[Wandererfromthenorth]

Volume completely dried up on chinese exchanges too, usually they have decent volume even in sideways/consolidations.
Pretty crazy.

Go to the 1 day chart and see for yourself:

https://bitcoinwisdom.com/markets/okcoin/btccny
https://bitcoinwisdom.com/markets/btcchina/btccny
https://bitcoinwisdom.com/markets/huobi/btccny

[macsga]

Good grief, if things stay this lifeless then this thread will go days w/ just pages of chartbuddy posting unmoving price charts. However, something should be happening tomorrow at least. I'd imagine this Swedish thing is popping up for a reason and perhaps there's demand waiting with baited breath.

There was a big step down about half a week ago and the market has been moving in steps with fairly flat prices in between. There will most likely be another step in the price soon. However, the last half week must have had the lowest volume trading for months.

Lowest since the week of 22. Dec 2014. Price dropped $70 the week after.

This is another indicator of the perfect calm before the storm. Another one would have been the sockpuppet's posts in this thread. Judging from "THE LIST"'s additions going to the moon, I'd advise everybody to Prepare For Glory(TM).

PS: Please update and don't forget to flush  

[Norway]

Less than 11 hours until Nasdaq Stockholm opens it doors for bitcoin trading. Am I the only person excited about that?  

EDIT: The exchanges are certainly not showing any signs of excitement...

[podyx]

[Fatman3001]

@podyx



http://upload.wikimedia.org/wikipedia/en/9/9e/Ennio_Morricone-The_Good%2C_The_Bad_And_The_Ugly.ogg

[Stevenirving]

Damn straight

[HI-TEC99]

Less than 11 hours until Nasdaq Stockholm opens it doors for bitcoin trading. Am I the only person excited about that?  

EDIT: The exchanges are certainly not showing any signs of excitement...

Maybe tomorrow will be exactly the same as today and the price will stay flat with incredibly low volume. If Nasdaq Stockholm fails to ignite any interest things could continue stagnating for a long time. A few weeks ago everyone was asking if it would go up or down. We all got it wrong, the answer was neither.

[kaykawa]

FDIC insured usd deposits

[Stevenirving]

Less than 11 hours until Nasdaq Stockholm opens it doors for bitcoin trading. Am I the only person excited about that?  

EDIT: The exchanges are certainly not showing any signs of excitement...

Maybe tomorrow will be exactly the same as today and the price will stay flat with incredibly low volume. If Nasdaq Stockholm fails to ignite any interest things could continue stagnating for a long time. A few weeks ago everyone was asking if it would go up or down. We all got it wrong, the answer was neither.

I think there is a good number of people waiting for it. If nothing happens we will see some negative movement from people who were waiting to hear the news.
Don't see a way that it will not raise the price some.

Either way something is going down 

[billyjoeallen]

The GDP of Sweden is ~0.9% of the world's economy. What's more, they are going to drop their peg to the Euro when Greece defaults and the Kron is going to skyrocket in value. Why would Swedes want our deflationary currency when they are going to have their own soon?

[hdbuck]

[bassclef]

Dow Theory

Primary Bull Market - Stage 1 - Accumulation

Hamilton noted that the first stage of a bull market was largely indistinguishable from the last reaction rally of a bear market. Pessimism, which was excessive at the end of the bear market, still reigns at the beginning of a bull market. It is a period when the public is out of stocks, the news from corporate America is bad and valuations are usually at historical lows. However, it is at this stage that the so-called “smart money” begins to accumulate stocks. This is the stage of the market when those with patience see value in owning stocks for the long haul. Stocks are cheap, but nobody seems to want them. This is the stage where Warren Buffet stated in the summer of 1974 that now was the time to buy stocks and become rich. Everyone else thought he was crazy.

In the first stage of a bull market, stocks begin to find a bottom and quietly firm up. When the market starts to rise, there is widespread disbelief that a bull market has begun. After the first leg peaks and starts to head back down, the bears come out proclaiming that the bear market is not over. It is at this stage that careful analysis is warranted to determine if the decline is a secondary movement (a correction of the first leg up). If it is a secondary move, then the low forms above the previous low, a quiet period will ensue as the market firms and then an advance will begin. When the previous peak is surpassed, the beginning of the second leg and a primary bull will be confirmed.

[ChartBuddy]

Coin
Explanation

[Norway]

The GDP of Sweden is ~0.9% of the world's economy. What's more, they are going to drop their peg to the Euro when Greece defaults and the Kron is going to skyrocket in value. Why would Swedes want our deflationary currency when they are going to have their own soon?

Sweden has a negative interest rate now. But the important thing is who are represented on Nasdaq Stockholm. It's not the average sweede. Sounds like that's what you think...

[Norway]

Dow Theory

Primary Bull Market - Stage 1 - Accumulation

Hamilton noted that the first stage of a bull market was largely indistinguishable from the last reaction rally of a bear market. Pessimism, which was excessive at the end of the bear market, still reigns at the beginning of a bull market. It is a period when the public is out of stocks, the news from corporate America is bad and valuations are usually at historical lows. However, it is at this stage that the so-called “smart money” begins to accumulate stocks. This is the stage of the market when those with patience see value in owning stocks for the long haul. Stocks are cheap, but nobody seems to want them. This is the stage where Warren Buffet stated in the summer of 1974 that now was the time to buy stocks and become rich. Everyone else thought he was crazy.

In the first stage of a bull market, stocks begin to find a bottom and quietly firm up. When the market starts to rise, there is widespread disbelief that a bull market has begun. After the first leg peaks and starts to head back down, the bears come out proclaiming that the bear market is not over. It is at this stage that careful analysis is warranted to determine if the decline is a secondary movement (a correction of the first leg up). If it is a secondary move, then the low forms above the previous low, a quiet period will ensue as the market firms and then an advance will begin. When the previous peak is surpassed, the beginning of the second leg and a primary bull will be confirmed.

Nice input. Am I getting rich now? (Say yes!) 

[gotmilk_]

The GDP of Sweden is ~0.9% of the world's economy. What's more, they are going to drop their peg to the Euro when Greece defaults and the Kron is going to skyrocket in value. Why would Swedes want our deflationary currency when they are going to have their own soon?

Stockholm Nasdaq is international... More or less anyone can buy/sell there.

[Fatman3001]

The GDP of Sweden is ~0.9% of the world's economy. What's more, they are going to drop their peg to the Euro when Greece defaults and the Kron is going to skyrocket in value. Why would Swedes want our deflationary currency when they are going to have their own soon?

The OMX exchange is not restricted to swedish nationals. The swedish Krona is not pegged to the Euro and never has been.  The Bayou Financial Times needs to do some fact checking.

[HI-TEC99]

The GDP of Sweden is ~0.9% of the world's economy. What's more, they are going to drop their peg to the Euro when Greece defaults and the Kron is going to skyrocket in value. Why would Swedes want our deflationary currency when they are going to have their own soon?

Stockholm Nasdaq is international... More or less anyone can buy/sell there.

Is it backed by the people behind KNC, and are they trust-able? I know there are complaints about mining companies and some of them (like butterfly labs) have pulled massive scams. Who pays the bill if anything goes wrong, is it KNC or an insurance company?