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

[hdbuck]

Serious investors will reconsider this investment proposition.  
Sorry to break the bullishness guys!

It's possible, but don't you think that the hope of another 2013 will keep it going? Not to mention the charts aren't actually showing anything catastrophic at this point.

Fool me once, shame on you; fool me twice, shame on me

The fact that this insane run-up buying is from the same kind of players that accentuated the 2013 bubble, It could only burst. I think we will go sideways/slow bleed and test support 300 at some point, until the next halving bubble !  

Still amazed by the euphoria and empty ask at $500  (not achieved for 2 years) , hoping for more..greed at its finest!

this was the fbi pumping it up for their auction today, nothing more.

https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118


so i fully concur we will go back hovering around 300.

Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?

they doubled it, going from 10 million to 20+ potentially.

if not for the money why make such auctions in the first place?


besides its not 'cloak and dagger', they are just playing the game.


i think some people here over reacted and got burned at 400+, praising for 15k$ btc already.

[1714671954]

1714671954

[1714671954]

1714671954

[ChartBuddy]

Coin

Explanation

[Le Happy Merchant]

I see consolidation approaching.

consolidation below 385?

Well I honestly never know anything, so take what I say at no value: The 'double bottom' and descending peaks in the last 24 hours look like a pennant, and I expect a consolidation at 400 followed by a breakout, which only makes sense to be up.

Its all part of a larger consolidation, and this fractal is.

[slap]

Can't imagine FBI pumpin it, but can imagine participators (manipulating) dumping it to get lower price on auction.
Enough with the foil...

[hdbuck]

this was the fbi pumping it up for their auction today, nothing more.

When did the FBI start controlling Chinese markets in such volumes?

Still the $300 seems like a harsh reality.

I would not call it harsh reality, I would call it good progress, if 300 holds it would be something, remember only 20days ago we were @ $250. As more realistic we are, more progress we will make. With this pumps and dumps we look like a joke to other serious traders.

sure, we are likely to resume the steady rise pre-pump.

280-320 range.

[Cconvert2G36]

this was the fbi pumping it up for their auction today, nothing more.

https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118


so i fully concur we will go back hovering around 300.

Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?

they doubled it, going from 10 million to 20+ potentially.

if not for the money why make such auctions in the first place?


besides its not 'cloak and dagger', they are just playing the game.


i think some people here over reacted and got burned at 400+, praising for 15k$ btc already.

Oh, you're serious. Do you have any idea of how much yuan it took to make that "doubling"?  

We did go straight vertical and predictably dumped. Do you have your shorts open at $386?

[hdbuck]

this was the fbi pumping it up for their auction today, nothing more.

https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118


so i fully concur we will go back hovering around 300.

Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?

they doubled it, going from 10 million to 20+ potentially.

if not for the money why make such auctions in the first place?


besides its not 'cloak and dagger', they are just playing the game.


i think some people here over reacted and got burned at 400+, praising for 15k$ btc already.

Oh, you're serious. Do you have any idea of how much yuan it took to make that "doubling"?  

We did go straight vertical and predictably dumped. Do you have your shorts open at $386?

oh you are taking china volumes seriously?

yesturday stamp got +100k btc in volume, and that would be more impressive than the 3millions or whateves fancy numbers in china.

i monitored fiatleak during this pump and the yuan was lagging far behind bitfinex, stamp and btce dollar purchases

[coinpr0n]

IMO: If we correct down to 3xx this bubble has (all in all) been a good thing. On the other hand if we go right back down to pre-bubble 2xx levels I think it's not going to be very good for Bitcoin's public image. Two cents.

[Cconvert2G36]

I've been posting about inflated china volume since early Oct, but you are clueless if you think bitstamp is driving this train.

[hdbuck]

I've been posting about inflated china volume since early Oct, but you are clueless if you think bitstamp is driving this train.

i did not say that, altho i'd argue that stamp is possibly one of the most 'fair' price settling exchange out there.

[arandy]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

[koryu]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

if you study the last rallys then you find 1day and 3day red candles in between. people are as smart as always

it took 11 days to break 208$ in 2013, most people sold there. taking 100% profit from buying in the 100s.

[Sturgeon]

Risks to this ongoing bitcoin price rebound include the upcoming non-farm payrolls release, which might also have a strong impact on dollar price action. Stronger than expected results could spur another USD rally, effectively dragging BTCUSD lower, while weak data could lead to a dollar selloff and another bitcoin price surge.

Intraday support level – $375

Intraday resistance level – $500

source : http://www.newsbtc.com/2015/11/05/bitcoin-price-technical-analysis-correction-500-called/

[Cconvert2G36]

Risks to this ongoing bitcoin price rebound include the upcoming non-farm payrolls release, which might also have a strong impact on dollar price action. Stronger than expected results could spur another USD rally, effectively dragging BTCUSD lower, while weak data could lead to a dollar selloff and another bitcoin price surge.

Intraday support level – $375

Intraday resistance level – $500

source : http://www.newsbtc.com/2015/11/05/bitcoin-price-technical-analysis-correction-500-called/

$120 up and down in a couple days and we're watching the non-farm payroll number... sure 

[designerusa]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

[SnokkomBTC]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

the auction is a non-event...

[gizmoh]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

People keeps holding for moon while their profits dwindle in front of their eyes.. smart!

[AmazonStuff]

375 test

[Hyperjacked]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

Just chill and enjoy the Rollercoaster...if you sell and try and time a buyback you will lose btc when you chase the price again!

[Cconvert2G36]

New lows on everything but finex.

I did all I was willing to, don't burn it down by morning.