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

[SheHadMANHands]

and the world waits..

[shmadz]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

[Tzupy]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

The PBoC to stop fiat flux to the exchanges.

[TERA]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

The PBoC to stop fiat flux to the exchanges.

This already happened 2 years ago.

[Richy_T]

Bitcoin Foundation

Izzat thing still around?

"The truth is that the foundation is pretty much dead. They will try to keep it going just for the name and ego, but they have no support left with the community," he wrote.

Apparently, not really.

[Tulsene]

what would it take to revert to a bear market at this point?

Thanks,  

Too mutch ppl in long. Market need more short to go up

[Fatman3001]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

The PBoC to stop fiat flux to the exchanges.

Yeez, I'm tired!!

I nearly had a heart attack!!!

I had to check with Google.

[oda.krell]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

Predictive? No fucking clue. Best I got is: eventually, this rally needs to find clear volume + bid/ask support - which it seems to be lacking a bit at the moment. That's not completely unheard of (e.g. look at volume during the mid to late 2012 prelude to the 2013 ATH rally), but eventually some big USD injection needs to happen visibly, or it'll falter before it really takes off.

Reactive? Anything below 300 would be pretty damaging imo, unless there's a volume signal of epic proportions rejecting such a level. Other than that, the obvious MAs are reactive signals, so testing and failing to hold DSMA50 or 200 as a first step to signal that the reversal is not going through.

[Fatman3001]

Closing prices vs. candle peaks has been interesting to watch lately, across more than one time scale (6h, daily, weekly).

12 hr has been my favorite timescale as of late, rather bullish looking these last few months... Yet still long enough that fluctuations are at least a little dampened.

If we can assume that the market has turned and we are now in a majority bullish market,  what would it take to revert to a bear market at this point?

Thanks,  

The PBoC to stop fiat flux to the exchanges.

This already happened 2 years ago.

42th time's the charm.

[Rabo]

We all know how this is going to end right?

[Fatman3001]

We all know how this is going to end right?

Sure

I GOT REKT BIG TIME XD

[Tulsene]

We all know how this is going to end right?

yes anithing got an end ... but when ... seems not yet :p

P.S if you could short plz!

[Rabo]

I did at 3100 CNY. Is that any good?

[Tulsene]

I did at 3100 CNY. Is that any good?

very good, keep shorting

[BlindMayorBitcorn]

Bitcoin Foundation

Izzat thing still around?

"The truth is that the foundation is pretty much dead. They will try to keep it going just for the name and ego, but they have no support left with the community," he wrote.

Apparently, not really.

Soon enough it will just be Brock Pierce mincing about with little business cards. Meh.

[r0ach]

P.S if you could short plz!

The price didn't come this far in order to form a double top, whoever thinks whales won't push it higher to avoid a double top has mental retardation.  For anyone who shorts here:

[ChartBuddy]

Coin



Explanation

[Hyperjacked]

Well after selling into the 480 rallies twice I figured next time I will hold...

See you guys higher at a later date...

[billyjoeallen]

on BFX: 13K in ask orders to $500 is now down to 7.5 K.  Sell side order book just got chopped in half. Of course with the ability to hide orders, Bitstamp order book is more reliable. on stamp, there are about twice as many asks as bids in the $20 range up and down. 

[ChartBuddy]

Coin



Explanation