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

[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.

[GaliX]

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!

we will most likely break 250 soonish and retest 200.

It is still very likely we get another panic and fall into double digits before we really can be sure to buy low.

[damiano]

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

Sideways = bearish

[bad trader]

"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.

No, I meant "sideways" is down. I think if we won't rally or crash, we'll just go downward slowly, following the trend line. I could be wrong of course.

[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

Sideways = bearish

ok, i thought as much but just wanted to make sure.

im guessing you all know about the mcdonalds add thats playing before/during or after the nfl superbowl on sunday right? im surprised there hasnt been any chat about it.. :/

[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.

No, I meant "sideways" is down. I think if we won't rally or crash, we'll just go downward slowly, following the trend line. I could be wrong of course.

I know what you meant. Just saying that's not always the case, no matter how many lines you draw on that chart.

[Ezmoneyezlife]

Its going to lowest 200s, meanwhile 40k of BFL's coins moved 2 days ago. https://blockchain.info/address/1B9KrM7bjhJ42qJSWr1KJrNTAP1SNGMpJu

[bad trader]

I know what you meant. Just saying that's not always the case, no matter how many lines you draw on that chart.

I didn't say we cannot go up. I just said until something noteworthy happens, we'll probably keep inching downward, not sideways.

I don't care about the lines. I care about the traders and I think they want to see if the market will go above or below the line. Until either happens, I think they'll just keep following it and it's going down.

[NotLambchop]

...

Those CoinTelegraph pics...  The first word that comes to mind is always



Wonder if intensional?

[derpinheimer]

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

I think your correct

Good point. Probably no more than $200,000 of it though, so very insignificant.

[ChartBuddy]

Coin
Explanation

[ensurance982]

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

Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.

[derpinheimer]

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

Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.

What do futures mean and do to the "real" market? I dont really understand what they are or why they are traded -- if you dont mind explaining

[damiano]

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

I think your correct

Good point. Probably no more than $200,000 of it though, so very insignificant.

Look at the ltc short interest and compare it to btc

[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

Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.

That requires more sheep for the clippers !!!

No, none of it is anything very serious or overly new in this arena, and Coinbase has the potential to herd in some unsheared sheep  
Just a couple of headwinds that make me think we are more likely to go down in the coming days than up.

[BitThink]

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

Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.

What do futures mean and do to the "real" market? I dont really understand what they are or why they are traded -- if you dont mind explaining

Simply a gamble on the future BTC price (e.g. every Friday) winner gets the BTC deposited by the loser. The effect to real market: the most important one is that now people have chance to gain from price going down. With high leverage, they can dump in the real market and earn more than their loss from shorting on the future market. With the earned BTC, they can dump again...