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

[jaberwock]

330 broken and no signs of lost momentum

I love China

[CryptInvest]

It seems the majority chose the rally will go above 340. Very strange because the majority is never right;)

[podyx]

It seems the majority chose the rally will go above 340. Very strange because the majority is never right;)

This time is different™

Bid side hella thin too

[gentlemand]

It seems the majority chose the rally will go above 340. Very strange because the majority is never right;)

I assume that question was proposed in more innocent times. It's really not very far away now.

[peonminer]

[mymenace]

recent news from an experienced trader i follow

...."observing an increased volume activity among all the biggest bitcoin exchanges, this let me think that bitcoin is probably accumulating to later break the trading range and move above $250."....
https://btctrading.wordpress.com/2015/10/06/long-term-update-again-on-volatility/


hope it helps anyone

Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.

To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".

thanks for the tip

seems he did a good pick

https://btctrading.wordpress.com/2015/10/29/long-term-update-at-resistance-2/

[CryptInvest]

The resistance at the level of 330-334 fiat dollars very serious. For the second time could not break through.

[podyx]

Let us blast through that $340 resistance and beyond.

[Cconvert2G36]

recent news from an experienced trader i follow

...."observing an increased volume activity among all the biggest bitcoin exchanges, this let me think that bitcoin is probably accumulating to later break the trading range and move above $250."....
https://btctrading.wordpress.com/2015/10/06/long-term-update-again-on-volatility/


hope it helps anyone

Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.

To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".

thanks for the tip

seems he did a good pick

https://btctrading.wordpress.com/2015/10/29/long-term-update-at-resistance-2/

Correlation does not quite equal causation. In this case, it does appear they are very related, to what degree and via which vector... well, that remains to be seen.

[bri912678]

It seems the majority chose the rally will go above 340. Very strange because the majority is never right;)

This time is different™

Bid side hella thin too

There is a large spread between the bids and asks. We have been range bound between 320 to 330 for the last 12 hours. Now China awakes and might break us out of the range, or perhaps we'll stay stuck in it until tomorrow night. The resume of flat prices could give us all a chance to catch our breath, and catch up on our lost sleep.

[Cconvert2G36]

Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.

To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".

Exhibit H:

There is something unnatural about this picture. Your guru ended up being correct, but they used a somewhat tainted indicator.

[Fakhoury]

$333.73 $334 $335.01 on finex

[hd060053]

dat Volume on kraken breaking the 300 € resistance 

[CryptInvest]

As usual BTC-E is in a noticeable delay. Only 314 Fiat USD. Probably because with others  sites can not quickly withdraw money.

[SheHadMANHands]

So.. now are we at the top?

The risks of trying to call tops, with an "asset class" that's falling 95% of the time, but the other 5% goes 40x.

[JimboToronto]

Cool. Just got back home and I see the Chinese woke up and are continuing as expected.

Hard to believe that some people were actually referring to a "downtrend" a few hours ago.

A short-lived minor corrective dip isn't a downtrend. Over 5 weeks of steady exponential growth does constitute an uptrend however.

[Zz]

$331.6 $332 $332.5 on finex right now.

Wow! 1 dollar rise! Seriously, though, where's the choo here?
Huobi is 357.35$ if you want to see some trains.

[Dilla]

I think everyone is really bear bitten, every time there is a minor downward correction they scream "DUMP/DOWNTREND/THAT WAS THE TOP SELL BEFORE 50k DUMP ON YOU"

[jerk]

I think everyone is really bear bitten, every time there is a minor downward correction they scream "DUMP/DOWNTREND/THAT WAS THE TOP SELL BEFORE 50k DUMP ON YOU"

they said it all the way up to 1200 as well, you start getting the posts explaining why they are selling trying to get people to reassure their decision,  only to have the price continue rising, then they buy back in for a loss of btc

[mymenace]

recent news from an experienced trader i follow

...."observing an increased volume activity among all the biggest bitcoin exchanges, this let me think that bitcoin is probably accumulating to later break the trading range and move above $250."....
https://btctrading.wordpress.com/2015/10/06/long-term-update-again-on-volatility/


hope it helps anyone

Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods.

To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced".

thanks for the tip

seems he did a good pick

https://btctrading.wordpress.com/2015/10/29/long-term-update-at-resistance-2/

Correlation does not quite equal causation. In this case, it does appear they are very related, to what degree and via which vector... well, that remains to be seen.

great advice, as always risk management, never use analysis from one trader, compile with other sources to provide clear market intentions. this trader is very useful with technical analysis