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

[ghandi]

Lots of FUD & trolls circle jerking over a drop in price today. Go & play in traffic or something.

hitting $364 on finex doesn't look like fud to me

[koryu]

one moar test, will it hold?

[r0ach]

r0achstradamus strikes again:

I expect a red china candle to 2400 yuan any second, which will take the US to $362-365ish.

The price seems to want to gravitate towards a $362 floor or so.  That extra $20 seems to be scaring away new buyers heh.

$362 = the floor.  It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now.  Buy now and don't look at price again for 1 year.

[koryu]

please more volume this time

[MatTheCat]

r0achstradamus strikes again:

I expect a red china candle to 2400 yuan any second, which will take the US to $362-365ish.

The price seems to want to gravitate towards a $362 floor or so.  That extra $20 seems to be scaring away new buyers heh.

$362 = the floor.  It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now.

I am thinking along the same lines, but didn't want to tempt fate by blabbing my mouth.....

....this consolidation was always going to 'fake out', with the direction in which the market seemed like it was going to go, actually being the opposite of the direction in which it will go. This is how most people lose money, and the select few make money.

[Fatman3001]

Difference between China and the west is down to $5.

[ahxbcpstrido]

...
I am thinking along the same lines, but didn't want to tempt fate by blabbing my mouth.....
...

Not tempting Fate & sound TA: Winning combination. BUY!

[r0ach]

Difference between China and the west is down to $5.

Yea, that spread had to consolidate closer before the real floor was found.

[Bicmac1973]

I say: Shit is about to hit the fan. Going down.

... and you are absolutely right.

[JorgeStolfi]

"While proposing we "forget about Bitcoin", "Blockchain" woman Blythe Masters has been buying BTC hands over fist"

https://np.reddit.com/r/Bitcoin/comments/3s7wck/while_proposing_we_forget_about_bitcoin/

The connection to "Cumberland Mining" seems pretty clear, but from that to Blythe Masters it is rather forced, to say the least.

Digital Assets Holdings has its own bitcoin trading branch (Genesis) as well as the BIT/GBTC bitcoin fund (issued by the Grayscale branch).  So it would be no surprise if they had bid for the USMS coins.  If they could snatch them below market and find private buyers at market, why not? Business is business.

However, I don't see any real evidence that Genesis or other Digital Assets Holdings subsidiaries submitted bids for those coins, much less that they got any.  Did I miss something?  "Masters is buying bitcoins" seems to be just a blind guess. 

Moreover, according to the reddit sleuths, the Cumberland lot was split off into smaller pieces, with fees being paid out of one 6000 BTC piece. So they may have been acting mostly as a syndicate, and that 6000 BTC block may be their own slice.

[barbs]

I just want to say there is no way this is going any lower

[koryu]

arbitrage fixed, china longs squeezed, rebound?

[Dotto]

Definitively not gentlemen

[vrzo]

Come on bears, stick it to us!

[r0ach]

I just want to say there is no way this is going any lower

Yea, whenever you see some guy market dumping 1000 coins at once, it's oversold and the bottom is reached.  China is lower than the US now, so this is definitely the bottom.

edit: nevermind, they were lower for like 10 seconds.

[ChartBuddy]

Coin

Explanation

[abercrombie]

is crypto done?? 

[Dotto]

[SnokkomBTC]

BOTTOM !

[Hunyadi]

Shorts are piling in (@Finex). How much do we need for the potential up move?