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

[mmitech]

a Long squeeze is more likely to happen than a short squeeze.



almost $17M $16.8M in longs




almost 13K BTC in shorts





Edit: I just realized that the USD swaps may include LTC longs as well.

[findftp]

Message to the whales:

Please:



Otherwise I have to cut my loose.

[troleybüs]

 

This is the best meme I've ever seen about "to da moon".

[HarmonLi]

It's incredible how the chart of the last few days looks like a typical Bitcoin bubble cycle! The resemblance is uncanny. People have been calling out the fractal nature of Bitcoin's price before, and it's incredible each time!

[damiano]

Edit: I just realized that the USD swaps may include LTC longs as well.

I think your correct

[findftp]

It's incredible how the chart of the last few days looks like a typical Bitcoin bubble cycle! The resemblance is uncanny. People have been calling out the fractal nature of Bitcoin's price before, and it's incredible each time!

Yep, it surely is. You know what it means for the next 24 hours?

[kodtycoon]

ok im seeing bullish and bearish sentiment.. why the fuck do you guys have to be so confusing? lol

[Newar]

ok im seeing bullish and bearish sentiment.. why the fuck do you guys have to be so confusing? lol

Here's another one: side-ways.

[NotLambchop]

...
Here's another one: side-ways.

[SnokkomBTC]

...
Here's another one: side-ways.

Indeed Lambtroll

[kodtycoon]

ok im seeing bullish and bearish sentiment.. why the fuck do you guys have to be so confusing? lol

Here's another one: side-ways.

side ways is fine.. but what happens after side ways is what i want to know

[bad trader]

"Sideways" means down, because we follow the line.

This is why the traders do not know whether to buy or sell:

[YourMother]

Also...

With the recent political crisis in Greece and the fear of the global financial system that a far left party will be the government for the next years the situation is more than tough about Greece financial future.
Is this the real picture behind the financial situation in Greece?
Does anyone know what real happen in Greece?
And the last question is will Greece adopt bitcoin and get out from euro?
Let me explain in simple words what is the real situation here. The real financial problem in Greece is the corrupt political parties "Nea Dimokratia" and "Pasok" that rule for more than half century the country and has ties with the more corrupt Greek financial elit. The financial elit in greece is the real government and is the only one that has no pay anything in the recent financial crisis. Instead they continue to increase their salary at the same time that people of greece get more poor.
And the worst is that eurozone leaders dont care about this situation because they have done in the past business with that corrupt elit for many year. We have many cases like the Siemens Greek bribery scandal http://en.wikipedia.org/wiki/Siemens_Greek_bribery_scandal that until now none has go to jail.
This is the real financial problem in Greece and if is not change we will not see a healthy financial situation and the people will continue to became more poor.
For that reasons we have the power increase of the left party "Syriza" with a 40 years old leader, a new person in the political system of Greece.
The real situation is that Syriza is not a far left party and will not get the country out of euro. And of course they will never adopt Bitcoin or anything else cryptocurrency.
And the answer why not is simple.
Greek people continue to live in a technological middle age. The most of the people don't understand even what is the internet and how to use it and the worst is that the young people don't even get the risk to create tech startups. The tech companies in greece is far fewer from any other europe country even from new Europe countries like Bulgaria, Romania,Poland or Letonia. And the owners of few tech companies that exist is in the hands of the corrupt financial elit. Expect from education the other negative reason for someone in greece to startup a tech company is the bureaucracy.
One other reason that Greece even with Syriza left party will never adopt Bitcoin is that their financial advisor is Mr Varoufakis who has a very negative opinion about Bitcoin

Bitcoin and the dangerous fantasy of ‘apolitical’ money

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

In Conclusion that Greece will never adopt Bitcoin is:

-Education
-Corrupt system
-Corrupt political parties
-Corrupt Financial Elit
-Bureaucracy
-Bad financial advisors.

I live in Greece i am a tech geek. I love bitcoin i am enthusiastic from that simple idea from Nakamoto that have the power to change the world

BULLISH!!

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Looks like 250 is going to stand up

[aztecminer]

Looks like 250 is going to stand up

that was a 'chinese panic' short squeeze flash dump. i think the battle for 260 is not over yet.

[HarmonLi]

It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!

[LFC_Bitcoin]

It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!

Wait until the ETF approval

[phoenix1]

It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!

Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading

OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ...

Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning

Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss

[Newar]

"Sideways" means down, because we follow the line.

This is why the traders do not know whether to buy or sell:

Not necessarily. We had sideways in April/May 2014, second half of June 2014 and October 2014, all followed by going up. Not to the moon, but it allowed for profits.