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

[Eddie Brock]

Nice start, gentlemen. 2015 looks like a fun year

https://i.imgur.com/W7YDQUU.jpg

[yefi]

New 12-month low on Litecoin, breaking the 50K dumper's 2.212. Perilously close to all time low LTC/BTC ratio of 0.0075 as well. Guess we'll see some misbegotten panic buying then some new stomach-churning lows.

[Wandererfromthenorth]

I gave you guys a no-brainer trade setup and told you when the big move was gonna come.
I told you to buy the breakout if we break the big triangle up, short if we break the triangle down.

Timing the BTC markets is easy as fuck  

Next big move should come in a few days (4-6 max)
Wait for volume to confirm a breakout/breakdown.

If big volume confirms a break in either direction, it should be a major move.

You don't need to guess beforehand. That's the point. You short the breakdown (if we go down) or you long the breakout (if we go up) when we exit the triangle trying to get the best fill. Only if volume confirms it though.

[findftp]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

[Tzupy]

Just realized that I made a mistake by shorting bitcoin, I should have shorted litecoin instead...

[Phillis]

time for some bottom hunting

[grappa_barricata]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

Place a buy order with same amount as open short position, and another with amount you want your new long position (both at margin, OFC).
OCO is a limit order paired with a stop order, and the first that get filled cancel the other.

[Gyrsur]

[rebuilder]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

If you already have a short position open, any bids of yours that get filled will close the relevant amount from your short position.  

Shouldn't you have looked into this before shorting, though?

[prophetx]

I gave you guys a no-brainer trade setup and told you when the big move was gonna come.
I told you to buy the breakout if we break the big triangle up, short if we break the triangle down.

This could e a ridiculous big move that is gonna take us a lot lower. Why not stay safe?
How many didn't listen?  

Timing the BTC markets is easy as fuck  

 

Next big move should come in a few days (4-6 max)
Wait for volume to confirm a breakout/breakdown.

If big volume confirms a break in either direction, it should be a major move.

You don't need to guess beforehand. That's the point. You short the breakdown (if we go down) or you long the breakout (if we go up) when we exit the triangle trying to get the best fill. Only if volume confirms it though.

indeed nice set up

but i have been out of bitcoin mostly the last 6+ months

still hold some alts though which have stayed relatively steady dollar wise

i won't btc until is see them do something to address scalability: transaction per second and block time scaling

and we all know that ain't gonna happen any time soon... only a dead coin can survive a hard fork like that for a resurrection

[InvestorPerson]

great price, hope it goes lower, that's never bad  

buying 0.01btc every 5$ dollar, this is awesome. remember, you can't go up 24/7, sometimes the bears win  

[findftp]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

Place a buy order with same amount as open short position, and another with amount you want your new long position (both at margin, OFC).
OCO is a limit order paired with a stop order, and the first that get filled cancel the other.

Thanks! Got it filled in now.
Can somebody please fill my bid @ 282

[kurb3l]

Did we see a so-called double bottom here?
The price went almost exactly to the local bottom reached on Dec 18th.
Or would a double bottom have to occur closer to this last local bottom?

[findftp]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

If you already have a short position open, any bids of yours that get filled will close the relevant amount from your short position.  

Shouldn't you have looked into this before shorting, though?

yes, I should have looked into it before, but I knew there was time enough to figure it out.
We are still not at the bottom...

But thanks for the answer anyway. 

[NotLambchop]

Nice start, gentlemen. 2015 looks like a fun year

[Tzupy]

15min and 5min MACD still bearish on Bistamp and Bitfinex, but bullish divergence on Huobi, the extra fiat there makes a small difference.

[Fatman3001]

Nice start, gentlemen. 2015 looks like a fun year

Schadenfreude seems to be in vogue again

[Silverspoon]

Nice start, gentlemen. 2015 looks like a fun year

Schadenfreude seems to be in vogue again

It's delicious.  Bulltards behaved like bulltards, payback's a bitch

[molecular]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

just a normal limit buy order (on 'margin trade' tab of course, not on 'exchange' tab) will do. When your position crosses from negative to positive due to the order being executed, you then have a long instead of a short position.

[findftp]

Okay, so I went margin short at finex some weeks ago.
Does someone know how I place a bid order at a certain price which automatically opens a margin long and closes the margin short?
Does it have something to do with the OCO order? (one cancels the other)

just a normal limit buy order (on 'margin trade' tab of course, not on 'exchange' tab) will do. When your position crosses from negative to positive due to the order being executed, you then have a long instead of a short position.

Thanks, got it.
Learning everyday.