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

[JimboToronto]

Good morning Bitcoinland. Still in the $250 range, I see.

Looks like $240 is holding strong for now. We didn't seem to lose yesterday's modest gains overnight.

Not bad for a weekend.

Mmmm, coffee.  

[podyx]

Support on stamp to 242$ is again +2000btc... growing back up really fast, since all the bids down to 241.33$ were filled.
What is happening?

[JimboToronto]

I say bitcoin will hit $280, then drops to sub $100 quickly

LOL Thanks for the morning laugh.

 

[tarmi]

Good morning Bitcoinland. Still in the $250 range, I see.

Looks like $240 is holding strong for now. We didn't seem to lose yesterday's modest gains overnight.

Not bad for a weekend.

Mmmm, coffee.  

I say bitcoin will hit $280, then drops to sub $100 quickly

bearish pennant says true.

[NotLambchop]

Sound Money

[podyx]

Good morning Bitcoinland. Still in the $250 range, I see.

Looks like $240 is holding strong for now. We didn't seem to lose yesterday's modest gains overnight.

Not bad for a weekend.

Mmmm, coffee.   

I say bitcoin will hit $280, then drops to sub $100 quickly

bearish wedge says true.

You mean this?



I don't think it's too much of a worry
I still think we gonna see a retrace somewhere between 285-315 though

[damiano]

Good morning Bitcoinland. Still in the $250 range, I see.

Looks like $240 is holding strong for now. We didn't seem to lose yesterday's modest gains overnight.

Not bad for a weekend.

Mmmm, coffee.   

I say bitcoin will hit $280, then drops to sub $100 quickly

bearish wedge says true.

You mean this?



I don't think it's too much of a worry
I still think we gonna see a retrace somewhere between 285-315 though

Around the 285 mark is more realalistic unless more positive news comes out.  Either way we're heading up

[tarmi]

Good morning Bitcoinland. Still in the $250 range, I see.

Looks like $240 is holding strong for now. We didn't seem to lose yesterday's modest gains overnight.

Not bad for a weekend.

Mmmm, coffee.  

I say bitcoin will hit $280, then drops to sub $100 quickly

bearish wedge says true.

You mean this?



I don't think it's too much of a worry
I still think we gonna see a retrace somewhere between 285-315 though

yes.

in the first post I wrote wedge, but it is a bearish pennant. and yes, it is a continuation pattern.

so up then we continue down. unless we break that pennant with volume.

[inca]

yes.

in the first post I wrote wedge, but it is a bearish pennant. and yes, it is a continuation pattern.

If the price moves up out of the wedge then it isn't!

[kodtycoon]

any one notice this?

okcoin


huobi


bitfinex


all three are still above that trend line.. unless im drawing them wrong..

[shmadz]

Here's my TA for the day.

Expect a significant drop in price.

Why/because?


Because I closed all my open bids this morning and went all in and I'm nearly almost sometimes always wrong.

Enjoy this little insider tip from just another guy that doesn't know shit.

 

[Wandererfromthenorth]

any one notice this?

okcoin


huobi


bitfinex


all three are still above that trend line.. unless im drawing them wrong..

you drew that wrong because it's in linear scale. Never do that.
Always logarithmic scale.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

There you go 

[hdbuck]

There you go 

throw over?

[YourMother]

I'm fascinated by this volatile garbage that's going up and down 5-10 dollars every 5 minutes like a scam conducted by Bobsurplus, Fontas and Wolong.

Coinbase posting countdowns with moons and rockets. Bitch, please! I know that a percentage of those $75M went into pumping this collapsing BitBulb.

Jesus, they are taking me for a fool.

[SnokkomBTC]

There you go 

throw over?

exciting times ahead 

[podyx]

I'm fascinated by this volatile garbage that's going up and down 5-10 dollars every 5 minutes like a scam conducted by Bobsurplus, Fontas and Wolong.

Coinbase posting countdowns with moons and rockets. Bitch, please! I know that a percentage of those $75M went into pumping this collapsing BitBulb.

Jesus, they are taking me for a fool.

[dreamspark]

BTW, do you see this ? this means no sane person would leave his Bitcoin on exchanges anymore, even if it is for the sake of open limited sell orders.... I am sure that once the price goes up to peoples expectation they will start sending coins to exchanges and executing market sell orders.

the chart is from Bitstamp.






and this is from Bitfinex.






Conclusion: people are starting to learn how to take care of their coins, and the Ask side doesn't mean that much to me, but the Bid side is important because it represents the Fiat sitting waiting to be filled... so the Bid ask ratio that people usually show here is useless IMO.

Agree but the same goes for people and their fiat, not trusting an exchange with your assets applies to both fiat and BTC. You could reword your conclusion as people are starting to learn to not trust third parties with their assets, therefore ask side and bid side doesn't mean much to me . However ask side is more important as it represents BTC waiting to be sold....

Whats the difference? The only real argument is that you can send btc to an exchange in an hour but may have to wait 24 for your fiat.

[ivyleague1985]

A pull back to $sub-240 is not only plausible but also healthy. I think we will test $240 today.