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

[bassclef]

Waiting for priceaction was never easier (more predictable).

You would think, but then something like the btc-e shenanigans throws it.

The btce shenanigans confirm it. Somebody wanted to buy big time, and for whatever reason chose that exchange to do so. This happens when the crowd gradually comes to realize that the bottom may be in and that demand will prevent further downside potential.

[dakota neat]

12.5k pages of talking and still the best strategy is buy low sell high

[fonsie]

Can't help if you can't understand them.

A teacher that can't help you understand something?

You must be really good at your job.

I think he works in a university. Its safe to say he deals with students with a different level of capability than yourself.

Agreed, they probably can't reach my level of capability, otherwise they wouldn't be wasting their time listening to that half dead frog face. LOL

[Natalia_AnatolioPAMM]

Has anyone else noticed that bitcoin price has stayed in the range of ~$170 to $320 for the entire year so far? there was not a single four month period in 2014 when price stayed in a $150 range. Not even close.

it won't last long 

Any thoughts on how/why/when?

Because long fall has begun not so long time ago. The trend won't change. It's getting 150$ this year

[phoenix1]

Waiting for priceaction was never easier (more predictable).

You would think, but then something like the btc-e shenanigans throws it.

The btce shenanigans confirm it. Somebody wanted to buy big time, and for whatever reason chose that exchange to do so. This happens when the crowd gradually comes to realize that the bottom may be in and that demand will prevent further downside potential.

Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...

Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'

[fonsie]

Can't help if you can't understand them.

A teacher that can't help you understand something?

You must be really good at your job.

I think he works in a university. Its safe to say he deals with students with a different level of capability than yourself.

Agreed, they probably can't reach my level of capability ...

lol, nice looking girlfriend you've got here.

[Dump3er]

Can't help if you can't understand them.

A teacher that can't help you understand something?

You must be really good at your job.

[inca]

Doomers droning on about 150 dollar coins. Price up. Lol.

[ChartBuddy]

Coin
Explanation

[bassclef]

Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...

Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'

That could be part of it. It could have been a large whale on btce who sold a long time ago, didn't want the hassle of moving his fiat to another exchange and decided this price was a low-risk entry point. We don't really know: Maybe he became impatient for any number of reasons. We do know that he hasn't sold it back yet evidenced by the price on btce, which is now higher than other exchanges.

Traders who swing big enough bats to move the market don't necessarily plan for specific things to happen like short squeezes, they are simply a byproduct of their buying and selling to better their position.

[phoenix1]

Personally I don't think that is what is was about. I think someone wanted to break the major downtrend line in a major way and spend as little as possible doing it, and hoped that others would do the heavy lifting on the other exchanges. Busting the price up in any significant way would have taken much more money on any other exchange. Just my take ...

Alternatively it may have been a whale 'probing' to see how the market would react to such event - information gathering for their next 'play'

That could be part of it. It could have been a large whale on btce who sold a long time ago, didn't want the hassle of moving his fiat to another exchange and decided this price was a low-risk entry point. We don't really know: Maybe he became impatient for any number of reasons. We do know that he hasn't sold it back yet evidenced by the price on btce, which is now higher than other exchanges.

Traders who swing big enough bats to move the market don't necessarily plan for specific things to happen like short squeezes, they are simply a byproduct of their buying and selling to better their position.

I disagree with that last part - I think they absolutely take these things into account and actively seek to use them to their advantage. Big players definitely 'probe' markets - think 'test pumps' in altcoin P&D's. And it is certainly not something confined to crypto.

Part of the reason BTC-e is still higher than other exchanges IMO is that traders were sending coins there from other exchanges to sell into the spike (I think we know this bit). They now have fiat on BTC-e, with a nice profit. Volume has been low, so there has not been much opportunity to cover. Not many people want to leave much fiat on BTC-e so the price is a little higher for now.

Clearly, even if this is what it was, I have no idea how it will end, I am just calling 'shenanigans' !!  

[Spaceman_Spiff]

... I would say that a stagnant usage for e-payments is quite good given the >1 year bear market (with the resulting decrease of new blood).  

What's the rational thing to do when the value of a currency is falling?
That's right, *spend it*. As fast as you can.

Nice trolling try, but not really.  
The rational thing to do, would be to spend it if the future price would be lower, and buy it if the future price would be higher.
However, the fact is that you can only know for sure what the price has done in the past.  Trying to predict the future is speculation.

[Norway]

These guys can buy from Nasdaq Stockholm from may 18:

http://www.nasdaqomx.com/transactions/markets/nordic/membership/membership-lists

Bullish!

[Norway]

https://twitter.com/InsideBitcoins/status/593489106296012800

Bullish!

[ChartBuddy]

Coin
Explanation

[Norway]

Very quiet here now. Are you busy buying or just not paying attention mates?

[Sitarow]

Very quiet here now. Are you busy buying or just not paying attention mates?

Those who are shorting should be worried.

Numnumnumers. Ahuh.

[tarmi]

fonziecoin?

fuck me, count me in fonzie!

let's pump that shit!

[inca]

Very quiet here now. Are you busy buying or just not paying attention mates?

Those who are shorting should be worried.

Numnumnumers. Ahuh.

What could go wrong! It's free money, right?

[Norway]

Very quiet here now. Are you busy buying or just not paying attention mates?

Those who are shorting should be worried.

Numnumnumers. Ahuh.

What could go wrong! It's free money, right?

Indeed. Bitfinex slowly building up now.