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

[ChartBuddy]

Coin
Explanation

[damiano]

bulls getting trapped again.

even if we go to 230+ that will be just another good opportunity to short, nothing more.

this looks very weak.

228-230 would be a sweet spot, but I don't think it will make it.


shoulder should be done sooner than later

[ChartBuddy]

Coin
Explanation

[noobtrader]

bulls getting trapped again.

even if we go to 230+ that will be just another good opportunity to short, nothing more.

this looks very weak.

228-230 would be a sweet spot, but I don't think it will make it.


shoulder should be done sooner than later

agree...
i dont think ppl who goes long at 225 dump at 228, 300  here we go...  

EDIT: inverted head and shoulder ?

[ChartBuddy]

Coin
Explanation

[0x3d]

Page 12345. Go BTC!  

+1, also 2nd. 3rd bubble incoming... Or is it the 4th? Let's go to 5000 already

[gizmoh]

 
“Not-So-Decentralized” Ripple Freezes $1m in User Funds

http://bitcoinist.net/not-decentralized-ripple-freezes-1m-user-funds/

[Fatman3001]

Volume not looking good. If we don't get a move on we might see a drop tomorrow.

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Coin
Explanation

How flat can we go?

Without any real walls to post about, it's not surprising we're only on page 12345.

Maybe if we had some bad news, good news doesn't seem to help...

 

[Tzupy]

I find this analysis good:
https://www.tradingview.com/chart/BTCUSD/rC6uMwPH-Bitcoin-Period-of-Consolidation/

[ChartBuddy]

Coin
Explanation

[rebuilder]

Bitcoinity seems to display bids and asks wrong. price looks correct at 255, but there's supposedly a bidwall at 230 which makes no sense...

edit: n/m, it's just rounding.

[itod]

I find this analysis good:
https://www.tradingview.com/chart/BTCUSD/rC6uMwPH-Bitcoin-Period-of-Consolidation/

I find this one from 9 days ago much better:
https://www.tradingview.com/chart/BTCUSD/fIfCUBWW-Let-s-give-it-another-try/

Press play button on the right hand side of the chart to load new bars and see he predicted these passed 9 days very well.

[ChartBuddy]

Coin
Explanation

[TakeTheSkyRoad]

Regarding the GBTC quotes I wouldn't place much faith in those higher bids staying and after all they are for 100 shares and at 0.1 BTC per share thats 10 bitcoin so hardly game changing.  I see these bids as bait to draw out existing share holders to submit shares to brokers to sell.

For long term holders there is a gain to be had selling shares at above the market price and re-buying 1 year locked shares at the exchange rate.

For those companies wanting to day trade there is an appeal to paying above market rate for those shares which have passed the 1 year mark and can be fully traded though I doubt that they would really want to be paying $380.  Maybe in reality more like $25 or $50 above the exchange rate.

Of course those long term holders will be aware of this and will know that the initial bids are bait but a few quick trades could net a tidy profit if a company can sell and buy back in say $25 or $50 lower.  Also don't forget that these are traded by brokers so I suspect there will be a degree of pre-trading deals being setup with some trades/deals being lined up in advance.

I reckon when trading starts we'll see an initial push up over $300 which will settle down within a day or two to back below $300

[dakota neat]

wtf @hashrate 4.16PH, block time down to 8.18 min 

[Fatman3001]

Still looks like volume might end up around the 10k mark on finex. Not a good sign. Anyone who care to guess where we'll end up?

[ChartBuddy]

Coin
Explanation

[Fatman3001]

wtf @hashrate 4.16PH, block time down to 8.18 min 

I don't know why, but luck tends to swing sharply into plus-territory just after a difficulty adjustment. Happened last time as well.