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

[billyjoeallen]

BTC-e isn't following. Each attempt at a bull counter attack is weaker than the last. Time is running out before China wakes up, has a cup of tea, and takes a shit on the order book.

Yes, I use the Oxford comma.

[pandacoin]

Making quick bucks all day from trading. It was pretty good day for me.

[marcus_of_augustus]

Hmmm have we found support?

Um, no. We are stalling for seven hours so we can get the full Chinese panic from the next big dump.

ATTENTION BEARS - get your bear suits on because the big 'Four Punch Raiders' "Chinese Panic" is tonight in 6 and 1/2 hours countdown.

China wakes up in 3

Edit, it's actually 530am now

shaking out the weak chinese hands has been an effective strategy for more than 6 months ...

[Globb0]

One inch and kidney are in place 2 of the 4 punch indicators

The next 24 seconds will be crucial

[YourMother]

That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

[andreja1982]

Coin
Explanation

new layout is awesome

[Morecoin Freeman]

Chinaman get up at 5:30am to practice tai chi in the park. Then drink tea, take shower, eat, dump bitcoin.

[luckygenough56]

the next 5 years are CRITICAL

[mymenace]

http://www.wsj.com/articles/russias-sb-bank-stops-client-withdrawals-1422289217

in fiat we trust

without fiat, bitcoin has no value.

Nuff said

I'll trade gold or other commodities for Bitcoin. Do commodities have no value?

I will buy goods, products and then convert to fiat if necessary, but in the long run hoping we will not need fiat at all

[luckygenough56]

Chinaman get up at 5:30am to practice tai chi in the park. Then drink tea, take shower, eat, dump bitcoin.

if you're lucky, they'll do it in that particular order 

[kurious]

BTC-e isn't following. Each attempt at a bull counter attack is weaker than the last. Time is running out before China wakes up, has a cup of tea, and takes a shit on the order book.

Yes, I use the Oxford comma.

Perfectly acceptable to use it, too.

[mymenace]

Coin
Explanation

Whats the site having the third image in the post ?

Guessing the new Coinbase exchange, says "coin" to the left of it

low orders could be btc-e

[SnokkomBTC]

Coin
Explanation

Whats the site having the third image in the post ?

Guessing the new Coinbase exchange, says "coin" to the left of it

low orders could be btc-e

It is Coinbase

[kurious]

Not much to stop 266 falling, but more around 250.

I think the market is vulnerable to a dump as BJA says, but let's see what happens when China wakes up.

Have bids around 235 in case.  More fiat for 220 or lower.

[Sitarow]

Not much to stop 266 falling, but more around 250.

I think the market is vulnerable to a dump as BJA says, but let's see what happens when China wakes up.

Have bids around 235 in case.  More fiat for 220 or lower.

Only people left with any QTY of USD and BTC are those that want to profit from bitcoin (USD) or gain more coins (BTC)

The pump and dump peeps have sailed.

[billyjoeallen]

That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading.

Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money.

How low will it go? Anyone besides me have any fiat powder left?

[inBitweTrust]

http://www.wsj.com/articles/russias-sb-bank-stops-client-withdrawals-1422289217

in fiat we trust

without fiat, bitcoin has no value.

Nuff said

I'll trade gold or other commodities for Bitcoin. Do commodities have no value?

I will buy goods, products and then convert to fiat if necessary, but in the long run hoping we will not need fiat at all

Fiat is a good traditional step after salt/dyes/shells as a currency. In the future our great grand children will be horrified we trusted or even used
such a flaky and unstable antique PoS pre-mined oligarch form of currency.

[dreamspark]

That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading.

Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money.

How low will it go? Anyone besides me have any fiat powder left?

Gonna agree with you here, the last two moves up have been declining in volume (since the main post news dump) and this rise is looking liek its going to be on even less volume. Will be interesting as China still seems to want to trickle up atm.

[billyjoeallen]

BFX, Huobi and BTC-e order books are all bearish (more asks than bids in the trading range). Only Stamp is bullish, but for how long?

[kurious]

That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading.

Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money.

How low will it go? Anyone besides me have any fiat powder left?

Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing.

A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant.  Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp.  New participating fiat would be very nice, but a rally will bring it in, not Coinbase.