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

[Cconvert2G36]

The dev mailing list and the chart right now, like cookies and milk.

Any change that is "controversial" can not happen, so... (the totally uncontroversial) 1MB4EVA it is!

This morning at twitter there are some whales saying this would happen, so I don't think is about the news, unless the take profit before the news happens.

I'm not trying to imply causal relationship, or that any major change happened in Wladimir or Pieter's (2015) positions today. Just that... from where I'm sitting as a long term investor, these things go well together.

The dumps are probably just because volume was completely dead and we needed to go to a lower level to move some coins.

[ImI]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

[MatTheCat]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

Yep...shorts are very low thus far.

Edit: Actually...shorts only just starting to build up.... oo-er.

https://www.tradingview.com/x/8fu1wgJ3/

[gotmilk_]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

Barely getting started

Any particular reasons?

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

Yep...shorts are very low thus far.

Edit: Actually...shorts only just starting to build up.... oo-er.

https://www.tradingview.com/x/8fu1wgJ3/

Shorts are up 3.5k since the top. Longs at 22mil$.

[peonminer]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

Bearly getting started

FTFY

[MatTheCat]

Shorts are up 3.5k since the top. Longs at 22mil$.

Outwith Dec 2015, Shorts on BFX have never been so low in over a year.

Longs are also relatively low, but you would have to go all the way back to March 2015 to find a period where long positions on BFX were comfortably lower than they currently are.

But probs we need to be looking at CNY markets to get a better picture of this, as it is China that is driving BTC at the time being.

[Tzupy]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

[-Greed-]

We are here. Long way to go is ahead.

[gotmilk_]

Hah Bitfinex traders getting fucked up again   You know what is the fastest way to get out you money...

7k bid on OKcoin!

Shorts are up 3.5k since the top. Longs at 22mil$.

Outwith Dec 2015, Shorts on BFX have never been so low in over a year.

Longs are also relatively low, but you would have to go all the way back to March 2015 to find a period where long positions on BFX were comfortably lower than they currently are.

But probs we need to be looking at CNY markets to get a better picture of this, as it is China that is driving BTC at the time being.

But they are at the highest level since 390$!

[MatTheCat]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

Not the only exchange that is misbehaving today....

was locked out of both Huobi and Kraken as the obvious precipice approached.

[Tzupy]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

Not the only exchange that is misbehaving today....

was locked out of both Huobi and Kraken as the obvious precipice approached.

Actually it executed at the right price, but didn't show up for several minutes. And now it's kicking again at Bitcoinwisdom.

[peonminer]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

Finex is fuxed again. Transfers between wallets is hanging, too. Support has yet to get back to me.

EDIT: Seems fixed for now.

Full steam sink ahead captain operator

[ChartBuddy]

Coin



Explanation

[fisheater22]

Wait, so we're below 440 AGAIN?
How is this possible?!

[gotmilk_]

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

Not the only exchange that is misbehaving today....

was locked out of both Huobi and Kraken as the obvious precipice approached.

Actually it executed at the right price, but didn't show up for several minutes. And now it's kicking again at Bitcoinwisdom.

I'm surprised you're actually still trading on Bitfinex. It has more problems that MtGox had.

[rpietila]

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

[peonminer]

My raging clues say crypto is so done right now



Can you say, "dead cat bounce'?

Yeah, longs are going to be crying when those floors get pulled. Pwnz0r'd.

[peonminer]

Lots of old coins moving lately

[billyjoeallen]

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

First TERA and now Risto- we're getting the band back together!

[adamstgBit]

we'll be at >500 soon, but <400 sooner.