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

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[LittleDigger]

Any chance of a link to the article ?

http://www.cnbc.com/id/102343957

Thanks This one is more detailed, found it a minute ago.

http://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13

Basics.. Francs value was pushed up by investors seeking a safe haven from volatility
            Franc pegged to euro by quantitative easing to stop rise.
            Extra Francs used to buy Euros for foreign reserves. (helping to prop it up a little I suspect)
            Political panic about hyperinflation and proposed QE of the Euro leads to decision to stop...

[aztecminer]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

[ronald98]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

What does pm mean in this context?

[aztecminer]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

What does pm mean in this context?

gold and silver .

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[noma]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

I don't think there is much similarity in the prices of gold and bitcoin.
Both are much different.
Price of gold also can't be manipulated with little capital, like it can for bitcoin.

[fichtn12345]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

What does pm mean in this context?

precious metals

[damiano]

Support on finex looks good...Not sure how much of it is real, but 11.5k to 190 isn't to shabby

[inca]

Support on finex looks good...Not sure how much of it is real, but 11.5k to 190 isn't to shabby

Short swaps dropped slightly to just over 22,000. Still high. Long interest remain low at just 14.9million USD.

If the bears cannot push the price down over the next few days then things get interesting. Hopefully we stay near 200 until the salary arrives.

[4ever]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

[NotLambchop]

... Hopefully we stay near 200 until the salary arrives.

That Bitcoin habit will make you live paycheck-to-paycheck humble...
Remember kids, Not Even Once!

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[DaRude]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

Yeah order book looks great but it's known to be manipulated so hard to tell

[noma]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.

[bassclef]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.

Not any bear. These are people trading large amounts of money. It's expensive to do so. And if he's the only one dumping, he'll lose money.

[Brewins]

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

I don't think there is much similarity in the prices of gold and bitcoin.
Both are much different.
Price of gold also can't be manipulated with little capital, like it can for bitcoin.

also precious metals have true demand in real life stuff(art, electronics, etc...)

[inca]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.

But it's expensive to do so. And if he's the only one dumping, he'll lose money.

And there are still 22,000 coins held short that need to be bought back on finex. Look at the orderbook and see how far up the price that takes you. (And yes it isn't quite that simple but..)

[bassclef]

Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.

I won't be too sure based on just 2-3 days work. Any Bear can dump the hell out of support any time they want to.
I hardly see buying support that strong.

But it's expensive to do so. And if he's the only one dumping, he'll lose money.

And there are still 22,000 coins held short that need to be bought back on finex. Look at the orderbook and see how far up the price that takes you. (And yes it isn't quite that simple but..)

I agree. The order books look bullish atm. Even though I don't generally base my trading on them as they can quickly change, I do put a lot of weight in effort versus result when looking at volume.

[ParabellumLite]

The triangle is closing: I wonder what will happen tomorrow.