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

[Nemo1024]

Good morning from Europe.
I see it worked again. Being 50/50 overnight, meant this time that the price stayed at almost exactly the same level, and neither my buy or sell limit orders got hit.
Now to buy or to sell? This will determine the opposite trend of the price for the day. 

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[fred1111]

Most fiat is waiting for the so-called week-end dip to buy, which means we're going down or sideways until sunday, when capitulation kicks in.

[theonewhowaskazu]

Good morning from Europe.
I see it worked again. Being 50/50 overnight, meant this time that the price stayed at almost exactly the same level, and neither my buy or sell limit orders got hit.
Now to buy or to sell? This will determine the opposite trend of the price for the day. 

Someone needs a cup of coffee really badly, I see.

[spooderman]

Someone wanna summarise the last 40 pages for us europeans?

[ChartBuddy]

[seleme]

Someone wanna summarise the last 40 pages for us europeans?

Usual bullshit..

[ChartBuddy]

[byronbb]

I have been keeping an eye on the market this week. It occurred to me that the last trap (dec 7th) was preceded by a large spread ($100+). I haven't seen such a spread since then and there have also been no traps since then. Are the traps usually preceded by large spreads? Is there some common wisdom as to what else can cause such spreads?

Hmmm spread looking pretty wide atm.

[hyphymikey]

What a neat logo you have up there USA Today

[ChartBuddy]

[tHash]

Bitstamp seems to be at an all time high for bid sum, or close to it, at $17.25M.

[xkeyscore89]

Any predictions on movements in the BTC markets in the next 24 hours?

[ChartBuddy]

[bassclef]

Someone wanna summarise the last 40 pages for us europeans?

[Essex343]

everyone seems to hope news will turn things around, exposure is nice but it's the wrong time to have a big effect on price, people are scared to enter after these latest events. i entered in april sat on the sidelines for a while after watching it crash....

[Nemo1024]

Any predictions on movements in the BTC markets in the next 24 hours?

Up, because I am all out, waiting for a dip.

[micalith]

we're all expecting a dip. You know what that means . . .

[tarmi]

we're all expecting a dip. You know what that means . . .

what? another pump to 1 k incoming?

I really hope so.

[windjc]

After studying these markets daily, I believe I have a pretty good pulse on where things are going. Here are my 2 cents currently.

There is a groundswell of buying pressure sitting off to the sidelines and its growing. Its growing for 2 reasons. First, most traders are not 100% bitcoin at the moment. Just look on this mostly bullish forum. Most of us are partly fiat right now. We have $$$ sitting on the sidelines. Second,
there is a lot of new money coming into the exchanges that are not buying right away. That is why the bid sum is increasing. People want to invest, but do not necessarily want to invest if the price is going to go lower.

So every possible mid term scenario (minus a catastrophic one, which always exists) has one final result - an strong upswing in which the money is forced to come back into the market. This will eventually cause another large rally. To where, I do not know. But it is coming.

I think there are 3 near/mid term scenarios. I will list them most unlikely to most likely.

A.  Incredibly bullish news spurns the market upward suddenly forcing the money on the sidelines back in causing a new huge rally.  

B. The market consolidates where it is (around $900) for 1-4/5 weeks. This would be the most bullish scenario and would be similar to the consolidation around $120-$130 a few months ago.

C. The market ebbs sideways and downward over the holidays as the holiday season wins the news cycles and people hold off on investing and sending more funds to markets.  In this scenario, we DO NOT reach another low past the $600ish already established. This would be very similar to the April rally where people expected it to test the low of $50s but it only got to $66, because everyone wanted to buy low.

I think C is most likely given the holidays. We will trend sideways to down, we will start a slow upswing sometime before $600. Somewhere from Dec. 30th to Jan. 31st that upswing will gain momentum and by sometime in February we will be in full fledge rally mode again. I also think this scenario could happen before February as well.

[macsga]

Any predictions on movements in the BTC markets in the next 24 hours?

Up, because I am all out, waiting for a dip.