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

[esse83]

BTC8k until we brake $300 at stamp Nice!

[ssmc2]

Handle forming?

[spooderman]

$300  here we g.. gg
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big crash happening (lol)
check bitstamp.

wow
so dump
many bear market

[Morecoin Freeman]

Someone on btc-e took profits selling all the way down to $273. Not sure if I agree.

[coinableS]

here that 5 min chart divergence. Volume was good on the last rise but RSI is falling while price is rising. It's a setup that has done me well in the past. During a rally like this one it does not appear to matter!

Yea RSI appearing overbought in the 15M as well. The divergence on the 5M is slight, but it's there... Possibly good time to short.

[kaykawa]

China's buying power illustrates the triumph of Communism over Capitalism.
 

[lyth0s]

Whelp I'm about to lose a shit load of money when I get margin called on my short. That's what I get for doubting The Bitcoin :p

Also the reason I only trade with funz money.

At what price will your position get liquidated?

Around $294 on Okcoin futures. I got margin called and poof its all gone. I just lost 1/8 of the total amount of BTC I've made with trading futures.

[bassclef]

RSI is not a super reliable indicator. Maybe on the 3d when searching for tops/bottoms to a big move. Any indicator on anything less than 4h/6h is not that reliable overall, only in a sense that other traders use it.

OBV is my favorite one for smaller timeframes like 1h/2h. It tells you when a spring is coiling, as price always follows volume. Usually it's the only one I use. Easy to get lost in indicators without knowing why they do what they do.

[empowering]

[coinableS]

Whelp I'm about to lose a shit load of money

I just lost 1/8 of the total amount of BTC I've made with trading futures.

If 1/8th of your BTC futures profit is a shit load of money, sound like you're doing pretty well in the long run

[Morecoin Freeman]

buy pressure seems to be abating. opened a small short with a tight stop.

8.5k to $280 on Finex, buy pressure deffo abating 

I learned that walls in bitcoin trading are not too reliable. They will get pulled all the time in both directions.
If the market decides to go down it will go down no matter the (fake) walls.

[Tzupy]

Someone on btc-e took profits selling all the way down to $273. Not sure if I agree.

Some exchanges have difficulties following this rally, part of the bids have been used to buy and it's becoming risky to wait for taking profits.
Although the market indicators look (for now) quite bullish in multiple time frames.

[podyx]

[Kupsi]

The 47 moved into 27k and 20k.

https://blockchain.info/address/1DNM1TgbL8yYTsDzADw9W17Es2BEezMBpi

Now we have 27k, 20k and 3k.

Looks like 20k and 3k are winners since they received 0.05 first.

[empowering]

The 47 moved into 27k and 20k.

https://blockchain.info/address/1DNM1TgbL8yYTsDzADw9W17Es2BEezMBpi

Now we have 27k, 20k and 3k.

Looks like 20k and 3k are winners since they received 0.05 first.

Unless an individual is splitting them for some reason

[Kupsi]

The 47 moved into 27k and 20k.

https://blockchain.info/address/1DNM1TgbL8yYTsDzADw9W17Es2BEezMBpi

Now we have 27k, 20k and 3k.

Looks like 20k and 3k are winners since they received 0.05 first.

Unless an individual is splitting them for some reason

The winners of the last auction also received 0.05 as a "test transfer" before they got the whole amount.

https://blockchain.info/tx/3ecfb236f63750f188a8a738bd3f9027aa9d4b9f0b3292f69a91bcee6e843b1a

[KryptoFoo]

lots of shorts covered on finex, now <16K. Guess they finally threw in the towel, or got called.

[bri912678]

China's buying power illustrates the triumph of Communism over Capitalism.
 

Are you sure it's buying power and not fake volume on OKcoin? Does nobody think it's strange that OKcoin has jumped from a low volume exchange to the highest USD volume exchange in the space of a day?

[empowering]

The 47 moved into 27k and 20k.

https://blockchain.info/address/1DNM1TgbL8yYTsDzADw9W17Es2BEezMBpi

Now we have 27k, 20k and 3k.

Looks like 20k and 3k are winners since they received 0.05 first.

Unless an individual is splitting them for some reason

The winners of the last auction also received 0.05 as a "test transfer" before they got the whole amount.

https://blockchain.info/tx/3ecfb236f63750f188a8a738bd3f9027aa9d4b9f0b3292f69a91bcee6e843b1a

I know I saw that... and I also thought the same thing, but then I guess the individual could consider it best practice to do the same.
(longshot but could be)  The difference from last time is last time all the lots seemingly got sent out at the same time - 2014-12-08 16:29:40.
 https://blockchain.info/tx/e696b24eb87e58c546156ead075055c3c27a8a6b2637f19941d58cb7349eb88d  

This time not.

Also

https://blockchain.info/address/1E9QDjSzUMuYdy4vePXxZhmkGeopkm1VfZ

the 52K change from the last auction,  got sent to a change address (note no 0.05, which is similar the the 27 k remaining  also no 0.05) which begs the question.. if the 27k is change sent to a change address (which it is)...  then there is either more still to be split off...

or.......  

(but yeah looks like we have at least 3 winners)

[Fatman3001]

China's buying power illustrates the triumph of Communism over Capitalism.
 

... in unregulated markets???

Yeah, they really got that communism thingy nailed down