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

[abercrombie]

China Huobi and OKCoin shaking off weakness on the Western markets Bitstamp and Bitfinex.

[1714831354]

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[1714831354]

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[1714831354]

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[Fatman3001]

China Huobi and OKCoin shaking off weakness on the Western markets Bitstamp and Bitfinex.

There you go!

Shake that weakness off and launch this fracker!!!

[Ankara]

$320 support has become resistance. WHY?!

I wouldn't call it $320 resistance, yet.     

How come it's a resistance when we are still over that?

[talks_cheep]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

Here's a piece of paper. Go fold yourself a paper boat. That's as close as you will ever get to your own personal boat.

[Fatman3001]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

Here's a piece of paper. Go fold yourself a paper boat. That's as close as you will ever get to your own personal boat.

Hey now, talks cheep!

[JayJuanGee]

$320 support has become resistance. WHY?!

I wouldn't call it $320 resistance, yet.     

How come it's a resistance when we are still over that?

How am I supposed to know?

I thought that resistance is used to describe difficulties in price movement on the way up and support is to describe difficulties in price movement on the way down.

[LFC_Bitcoin]

Surrender bears.

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical. 

[ChartBuddy]

Coin



Explanation

[ssmc2]

We are either going up or down or sideways. It is very clear from looking at the charts.

[marcus_of_augustus]

It's Monday morning in Shanghai.  The next 6 hours are critical. 

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

[pleaseexplainagain]

Surrender bears.

if anyone is not bearish short term ie for the next couple of months they need to stop drinking or drug taking as it is leading them down the wrong path. but hey we are all free to choose our paths - mine though does not end with a cliff

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

And here come the red bars on Huobi.  Couldn't have timed that better.

[galdur]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

[ChartBuddy]

Coin



Explanation

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  If the world starts dumping USD for Yuan, they won't have to.

[Cconvert2G36]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  If the world starts dumping USD for Yuan, they won't have to.

[galdur]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

image

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  But if the world starts dumping USD for Yuan, they won't have to.

They can´t talk for over a year about raising rates because the economy has improved so well and then suddenly start QE4. Or is it 5? Granted, they have mentioned negative rates lately. But that´s Yellen, nobody on Wall St. takes her seriously. Goldman´s man at the NY FED, the real FED, seemed to state the other day that a hike is likely soon.

[galdur]

Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.

And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.