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

[ChartBuddy]

Coin
Explanation

[Erdogan]

I did not expect all this downward action now, but I can apprehend the style of the econometrists when they are wrong: The consensus was up, this was unexpected, "everybody" was taken by surprise, the market is obvously wrong (hey we need more block rewards) etc.

[Erdogan]

If the fed chair were in charge of bitcoin: We may or may not continue the manipulation of the interest rate, that depends on the numbers we can more or less accidentally glean out our helpless statistics, come to think of it, we will continue manipulating, whether higher or lower, indefinitely. If something happens or not happens, we will not engage in a new quantitative easing program, unless shit really happens, then we might. And I really shouldn't tell you, but our actions can not be too obvious, so we may invent something new, or maybe we already have invented it, and are ready to act, depending on my aunts cats rate of miauing.

As long as the bitcoin god is in charge of bitcoin: There will be reward halving at block 420000.

[Sitarow]

10:30PM EST 2015-01-31

[DaRude]

So someone borrows like BTC5k (BFX shorts) and market sells them moving the price by few dollars and that's suppose to be bearish? 

[ChartBuddy]

Coin
Explanation

[chopstick]

GUYS IM OUT FUCK THIS TIME TO PUT EVERYTHING INTO RIPPLE

just kidding i'm not a fucking retard

[DaRude]

GUYS IM OUT FUCK THIS TIME TO PUT EVERYTHING INTO RIPPLE

just kidding i'm not a fucking retard

made me lol never go full retard

[bassclef]

So someone borrows like BTC5k (BFX shorts) and market sells them moving the price by few dollars and that's suppose to be bearish? 

My thoughts too... Seems like a shakeout.

[Patel]

GUYS IM OUT FUCK THIS TIME TO PUT EVERYTHING INTO RIPPLE

just kidding i'm not a fucking retard

made me lol. I was looking into buying XRP today, then I read this:

"The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"

BIG BAG OF NOPE

[mymenace]

Coin
Explanation

dat wall at finex only reduced by about 15% since last week

[ChartBuddy]

Coin
Explanation

[Malin Keshar]

At least we waited until first of february to the bear ride probably below 200.

Would be too bearish if the poll asked about a bear attack in february and the bear attack to sub 200 happened in January

[damiano]

How low can this possibly go?  I'm thinking 160ish

[pjviitas]

How low can this possibly go?  I'm thinking 160ish

How about $0.99?

[Sitarow]

0040 EST 2015/2/1

LTC dump for BTC  and LTC - USD LTC - CNY price pushed down in a run to cash. For what end? Low sell pressure on BTC/USD low volume too.







LTC sold for BTC and now holders of LTC have to decide when to bail for BTC in order to prepare for the BTC/USD rise?

[bassclef]

How low can this possibly go?  I'm thinking 160ish

TA fodder:

Daily chart on this downmove is on declining volume... that's a sign of market strength. I got out of my short around $230.

I've observed that in Bitcoin, secondary tests of lows after selling climaxes (on larger timescales) generally don't play out all the way to the previous low, which would be $160. We might see $200. We bounced off $160 on such high volume that it's going to be one hell of a support level to break back through (expensive for whales, they can't dump forever unless they get the sheep to follow). The lower we go the stronger the reaction rally will be as more supply from weak hands will be siphoned out.

Another reason for the lull is that in the US, everyone is partying for the Super Bowl. I know I'll be away from the charts drinking beer and eating nachos.

[camolist]

couple of nice sized buys on bitfinex 5000 btc shorter buying back?

[ChartBuddy]

Coin
Explanation

[Sitarow]

Don't trade with leverage.
Just like on Sunday last week there is high bot activity with LTC being dumped for BTC on BTC-e atm by bots small sell ltc buy btc amounts. WE may see a rise in BTC/USD with in the next hour.

1am EST 2015/2/1


1:36am EST 2015/2/1