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

[BlindMayorBitcorn]

Mods are asleep. Post all the things!

Huh? I talk too much?

I'm not technically allowed to write on the wall I think. I take it as it comes. This was all about me.

Try being more substantial. Jackass!

My alter-ego is abusive. That's peculiar...

Skinny wall at 217 approaching fast.

[cyclotronmajesty]

A well capitalized and brave enough bear would do well to break that $216 level so this doesn't turn into a higher low.

It would take much less volume this time to breach it vs Apr 14.

Blood moon? Smh.

But what is breaking a level is it just one tick below a limit, or does it require an extended period of time?

I'd say a level isn't broken really until it's a 3 hour period of time.

3 seems like a good number. So i'd say 220 is almost broke not completely broke.

[Cconvert2G36]

A well capitalized and brave enough bear would do well to break that $216 level so this doesn't turn into a higher low.

It would take much less volume this time to breach it vs Apr 14.

Blood moon? Smh.

But what is breaking a level is it just one tick below a limit, or does it require an extended period of time?

I'd say a level isn't broken really until it's a 3 hour period of time.

3 seems like a good number. So i'd say 220 is almost broke not completely broke.

Lately it seems this market moves in square patterns, following the actions of a few major players. Breaching levels even briefly is a sort of psychological warfare they can use to maximize gains or minimize risks against smaller traders.

$220 fell without a real whimper, so I don't see serious buying pressure until people can get cheap $1xx coins, or GBTC adds some kind of narrative that the bulls desperately need right now. (Guaranteed to not happen until next week, and even that is very unclear.) 

BTC "investment" is a kind of elaborate binary option, you win, lose, or try to out-dance the bigger fish while the music still plays.

[YourMother]

...I still have faith in this new technology, and I believe despite- no, because ...

Having said that, I'm kind of glad the price went down.

Talking about new when Bitcoin is 6-7 years old hehehehehe hihihihi lol hahaha




MySpace went to global adoption and back into the shitter in that time frame.

PLEASE
have some dignity...

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

Talking about new when Bitcoin is 6-7 years old hehehehehe hihihihi lol hahaha




MySpace went to global adoption and back into the shitter in that time frame.

PLEASE
have some dignity...

If any of those things required you to send a wire transfer to slovenia/tokyo/hong kong/bulgaria, or even link your bank account? Probably would result in a different graphic. Apples and orangutans and such.

[SERVERIA]

If any of those things required you to send a wire transfer to slovenia/tokyo/hong kong/bulgaria, or even link your bank account? Probably would result in a different graphic. Apples and orangutans and such.

haha hilarious but that's so true

[entomology]

is there any convenient way to change GBP to CNY. I've got some GBP and want to CNY using btc. firstly it'll be pretty easy to do. but actually, it's not. most of btc exchange website will sale btc with very high price, 10 GBP higher than normal market price. such as bittylicious. and also some website will ask for 1% fee for exchange, fund deposit will charge for some money as well. So is there any solution to this without loss a lot of money and transfer safely, quickly between GBP and CNY? I do believe this is very basic application for btc.

[Tzupy]

12h PSAR flipped to bearish on Bitfinex and BTC-E and very close to flip on Bitstamp and BTCChina.

Sometimes, when it looks too bearish, it's actually bullish.

Just sayin'

And sometimes if it looks mildly bearish, it's just a prelude of crashes.
12h PSAR flipped to bearish on all exchanges, also 1d PSAR flipped, so we're not going up significantly for a while.

[entomology]

We'll see $200 soon...

12h PSAR flipped to bearish on Bitfinex and BTC-E and very close to flip on Bitstamp and BTCChina.

Sometimes, when it looks too bearish, it's actually bullish.

Just sayin'

And sometimes if it looks mildly bearish, it's just a prelude of crashes.
12h PSAR flipped to bearish on all exchanges, also 1d PSAR flipped, so we're not going up significantly for a while.

[Room101]

12h PSAR flipped to bearish on Bitfinex and BTC-E and very close to flip on Bitstamp and BTCChina.

Sometimes, when it looks too bearish, it's actually bullish.

Just sayin'

And sometimes if it looks mildly bearish, it's just a prelude of crashes.
12h PSAR flipped to bearish on all exchanges, also 1d PSAR flipped, so we're not going up significantly for a while.

In a market this small and illiquid, we are going up when someone decides to buy lots of BTC, and going down when people decide to sell lots of BTC.

In 4 years of watching BTC prices, have yet to see any chart predict any of BTCs large moves.

[ChartBuddy]

Coin
Explanation

[Afrikoin]

[rebuilder]

is there any convenient way to change GBP to CNY. I've got some GBP and want to CNY using btc. firstly it'll be pretty easy to do. but actually, it's not. most of btc exchange website will sale btc with very high price, 10 GBP higher than normal market price. such as bittylicious. and also some website will ask for 1% fee for exchange, fund deposit will charge for some money as well. So is there any solution to this without loss a lot of money and transfer safely, quickly between GBP and CNY? I do believe this is very basic application for btc.

How about a SEPA transfer to Bitstamp? Is that expensive for you?

[umiola]

https://i.imgur.com/OhqIX6L.pnghttps://i.imgur.com/GuZfQIu.pnghttps://i.imgur.com/ETbGPPP.pnghttps://i.imgur.com/m1UWo6q.pngCoinhttps://i.imgur.com/n3VTKkf.png
Explanation

Oh wow, the prices fell 20$ in 2 days... Lets hope it could rise that fast as well

[ChartBuddy]

Coin
Explanation

[sAt0sHiFanClub]

12h PSAR flipped to bearish on Bitfinex and BTC-E and very close to flip on Bitstamp and BTCChina.

Sometimes, when it looks too bearish, it's actually bullish.

Just sayin'

And sometimes if it looks mildly bearish, it's just a prelude of crashes.
12h PSAR flipped to bearish on all exchanges, also 1d PSAR flipped, so we're not going up significantly for a while.

In a market this small and illiquid, we are going up when someone decides to buy lots of BTC, and going down when people decide to sell lots of BTC.

In 4 years of watching BTC prices, have yet to see any chart predict any of BTCs large moves.

That just about summarises the market. Its not going anywhere for a while. There is no major upswing in public adoption, just some gamblers having fun on regular 5% up/down swings. And during all this fun, not one new thing has ben done to bitcoin to address its shortcomings with respect to ease of use, security, regulation or image.

Unless someone or something comes along soon and takes bitcoin behind a bush and gives it a good shag, its going to rattle along like this until the gamblers get bored and move on to the next disruptive technology.

[Tzupy]

A good shag may be coming during the next weeks.
Largest spike in transaction fees since November 2013.

[entomology]

is there any convenient way to change GBP to CNY. I've got some GBP and want to CNY using btc. firstly it'll be pretty easy to do. but actually, it's not. most of btc exchange website will sale btc with very high price, 10 GBP higher than normal market price. such as bittylicious. and also some website will ask for 1% fee for exchange, fund deposit will charge for some money as well. So is there any solution to this without loss a lot of money and transfer safely, quickly between GBP and CNY? I do believe this is very basic application for btc.

How about a SEPA transfer to Bitstamp? Is that expensive for you?

Is SEPA transfer supported by all bank in UK. Actually, I've tried do SEPA transfer with my online bank account, but still need SORT code. but no SORT code infor available for the bank I want to transfered to. will SEPA transfer not supported by some bank in UK?

[Afrikoin]

A good shag may be coming during the next weeks.
Largest spike in transaction fees since November 2013.

http://www.reddit.com/r/Bitcoin/comments/33u2id/help_losing_over_85_btc_because_of_bitgos_flawed/