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

[siera]

Don't you know that in China they are starting to eat Bitcoin for Lunch?

Only with one stick?

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[Karartma1]

 

 

They are hungry, they can't use them both sometimes. Understand them

[JayJuanGee]

 

They are hungry, they can't use them both sometimes. Understand them

Using one chopstick seems to be culturally acceptable, as long as you do not stick the chopstick(s) in your food, which could be a challenge?



"""""Taboos — Five Tips for Using Chopsticks

When using chopsticks to eat, people need to pay attention to some taboos and common conventions:

1. Don't point your chopsticks (or index finger) at others. This is seen as a sign of disrespect. Likewise, don't wave your chopsticks around in the air or play with them while eating.
2. Don't knock on tableware with chopsticks: this is seen as a sign of begging.
3. Don't stir food with your chopsticks to find what you want. This is very rude (and unhygienic).
4. Don't invert your chopsticks, i.e. use them the wrong way round (to avoid losing face).
5. Never stick chopsticks into your food, especially not into rice. Only at funerals are chopsticks stuck into rice on an altar, where they look like joss sticks, also burnt on the altar for the dead."""""


http://www.chinahighlights.com/travelguide/chinese-food/chopsticks.htm

[dumbfbrankings]

Ain't it obvious?? You bunch of ingrates!      

[JayJuanGee]

So far, only about 3.5 hours of increased volume...

Usually we need to witness a few days or even weeks of increased volume to conclude that there could be some kind of movement underfoot and possibly a passion for significantly transcending the BTC price out of its couple of months' channel.

No?

[savetherainforest]

With ViaBTC moving all their hashrate (~12%) to Bitcoin Unlimited... looks like SegWit is going to get blocked and scaling will be at a standstill again.


I don't see this as positive news at all.

Yeah, this would suck monkeyballs.  A veto / impasse situation is quite negative, but I don't want to sell my coins with so much of the good stuff just around the corner.

The only way I thought about it would be if they where somehow hoarding computing power over the years from recycled electronics and they just brought them up online after they could reach a certain consensus for 30-40% ... and with the extra computing power they would go 50%+1. 

[LFC_Bitcoin]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

[Searing]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

Sure hope so I was gonna dent a pump and dump 10 BTC to knock some real world equipment costs down to the bank and electric...whoo hoo pump ( I have no jinx'd you all ..prepare for the price to dump or go sideways)

[mymenace]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

Sure hope so I was gonna dent a pump and dump 10 BTC to knock some real world equipment costs down to the bank and electric...whoo hoo pump ( I have no jinx'd you all ..prepare for the price to dump or go sideways)

Sell walls have been demolished

on bitstamp
to buy last week about 5700BTC took the price to about $850
now to buy 5700BTC price goes to $1400

[lokojones]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

Sure hope so I was gonna dent a pump and dump 10 BTC to knock some real world equipment costs down to the bank and electric...whoo hoo pump ( I have no jinx'd you all ..prepare for the price to dump or go sideways)

Sell walls have been demolished

on bitstamp
to buy last week about 5700BTC took the price to about $850
now to buy 5700BTC price goes to $1400

we need just one fatty whale.

[Ted E. Bare]

Back to 700's soon.

[Denker]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

The americans like to take profits.So it could also go the other direction again.We will see.
At least we some movement again.It is really quiet and boring at the moment.
Time for some chart action again if you ask me.

[isov]

Lets go for 666$ again! Anyone?

[toknormal]

So far, only about 3.5 hours of increased volume...

Usually we need to witness a few days or even weeks of increased volume to conclude that there could be some kind of movement underfoot

Is a month good enough for you ?



Also....if we look at the longer term pattern a more interesting picture emerges. Only a couple of things not perfect with this formation - the original retrace to the bottom of the 18 month "cup" was a good deal more than 1-2 thirds of the "initial advance". However, there were two spikes at the start of the pattern before support failed. If we take the start of the cup from the lower failed (4000 Yuan) level then the retrace is more commensurate with the textbook retrace. But we've have already broken through that level and the "real" breakthrough that matters I suspect is the 5100 Yuan level that collapsed in January 2014.

As JayJuanGee says, the volume needs to start increasing on the way out of the handle for breakout to be ignited. There are some positive indications though. The 1-week MACD sell momentum is declining and the lower order charts are diverging to the upside. We've just had a good period of consolidation and there is a lot of fundamental growth in the sector about to start bearing fruit over the next year, including developments in the bitcoin blockchain itself.

I'm quite bullish (But then I always am. Need to be right at some point).



See also:

https://www.youtube.com/watch?v=dH_Ty-Digfk

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

[mymenace]

i prefer this one


https://www.tradingview.com/chart/BTCUSD/MrwPhbog-Long-Term-Bitcoin-price-extrapolation/

https://bitcointalk.org/index.php?topic=130455.msg16484253#msg16484253

He, я нe нaймa, я вaнгa. Фy бл., кaк вы мoгли мнy нaймoй нaзвaть...

Boт мoe дoлгocpoчнoe вaнгoвaниe.

[Fatman3001]

(BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHH!!!!!)

https://www.youtube.com/watch?v=WF4p9TxDcAs

[LLec]

Lets go for 666$ again! Anyone?

And all this rallying as soon as mention of e-coin and Mr.Robot.
Their is something in the system involving these two..
I swear it.

[toknormal]

Hobular trading adopting hover mode while waiting on stamp & finex to catch up.

Lets see what happens one they snap into fully arb'd valuations. Only 4$ in it. Traders not blinking.

If it continues up, Zerohedge (now long BTC) will be standing by with its customary dose of salt to rub in the wounds of its gold bug readers.

Update: Finex fully arb'd. Stamp does not want to play ball as usual. Has to get dragged out of bed reluctantly by the far East.

[Wexlike]

Very good direction.

[Paashaas]

Tomorrow the SEC will approve ore disapprove Winklevoss ETF...

To avoid to much disappointment, i expect that the SEC are still not happy with the ETF framework. So the Winklevoss needs to spend more money and time to make it more satisfied.