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

[ivyleague1985]

Huobi is back online now.

Who promised panic selling would start again, because of Huobi?

[Davyd05]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

The volume is thin because many still didn't believe in the reversal yet. Volume will catch up once people confirmed it as a reversal.

what charts are you guys looking at, cause at least stamp, and finex .. don't have more volume at 275.. than we did breaking 200.

as to what amounts are buy volume that is gonna be subject to the candles timeframes. Unless you have data of the order flow.

[SmoothCurves]

Some interesting Ideas on this chart: https://www.tradingview.com/v/lonXBeb6/

[ImI]

I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !

How can mining company still be running right now ?

just a question of energy-costs.

bitcoin would have to fall at sub 20$ to get the first big mining companies to quit mining cause of energy-cost problems.

[ivyleague1985]

Some interesting Ideas on this chart: https://www.tradingview.com/v/lonXBeb6/

This guy also post additional factors.

I think RSI lower than 30, Stochastic & Stochastic RSI lower than 20 are telling the same story that this bottom is the same as the October bottom.

[superresistant]

I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !
How can mining company still be running right now ?

just a question of energy-costs.
bitcoin would have to fall at sub 20$ to get the first big mining companies to quit mining cause of energy-cost problems.

Damn, I was hopping for mining companies to go bankrupt.

Let's get Bitcoin to 20 USD then !

50 USD for 1000 BTC, sounds good

[aztecminer]

as a miner who pays 0.06 $ / kWh I look forward to some serious difficulty adjustments downwards.

i heard hashrate went up ?? probably from the new antminer .

[Sitarow]

[JamesBrown]

Is there anything specific you want to point to?

[aztecminer]

For once a majority of people are saying in the poll it will go up within 24 hours.
Why is this?
I have been away for a couple days.
I really want it to hit 240$ per BTC ASAP.

Anyone mind filling me in?

hammer time! blood is in the streets! it's time to buy! (that pretty much covers what ya missed)

[Afrikoin]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. .  broke down

[ivyleague1985]

Huobi is back online.

[ivyleague1985]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. .  broke down

https://i.imgur.com/J9Le6Vy.jpg?1

Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Afrikoin]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

Its difficult to say because this one today isn't complete.

*edit

[Sitarow]

Is there anything specific you want to point to?

Pay attention to the "walls" as the get pulled vs the 2 hour volume.

This also serves as a historic record of events.

[Sitarow]

I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !

How can mining company still be running right now ?

if your power rate and overhead are low you can still make profit at $150 USD per BTC

Results at $200 USD and power rates at $0.06 kWh


Results at $150 USD and power rates at $0.06 kWh

[Afrikoin]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. .  broke down

Based on the October event, we may face a similar bear attack once we reach $250 in 24 hours.

Think so too. But gut feel, it wont go as low as $ 166. The panic from a breakdown from $ 250 to sub $200 might be enough to buy up coins left from this bottom. Or maybe not.

[Fatman3001]

...
all illegal immigrants (mexicans) now get a free 'get your money in the bank' id cards so they too can enjoy the same benefits as first class citizens (instead of being second class and left out of the benefits). first class citizen benefits: get abusively taxed, get obama-irs-scheme-cared, buy stocks @ATH's, buy high sell low, and get bailed-in!!

What can we do to stop these mud people, aztecminer?  The Jews and their government puppets (look who's the president now, those people are shameless!  It's as if they are mocking us!) have colluded to impoverish the decent, full-blooded Americans like you and me.
What's To Be Done?!

the reason for any bail-ins will be because of an economic crisis. i think making sure your own ass is covered. i think still some time left though cuz they gotta get the mexican's money in the bank's .

Why pardon my quoting of an ignored character, but... aren't you Russian?  

Yes, but you have to admit, that is some quality trolling of a racist ignoranus.

[inca]

Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

Its difficult to say because this one today isn't complete.

*edit

I might be going blind, but am I the only person seeing the volume spike to 100,000 this time with peak volume at 20,000 in October?