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

[ChartBuddy]

Coin
Explanation

[Norway]

Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.

[Sitarow]

Fun Event.

REGULAMENTO
Promoção
“CHUVA DE MOEDAS DIGITAIS IBM”
 
IBM BRASIL – INDÚSTRIA, MÁQUINAS E SERVIÇOS LTDA.
Avenida Pasteur nº 138/146
Rio de Janeiro - RJ – CEP 22290-240
CNPJ/MF: 33.372.251/0001-56

http://www.ibm.com/smarterplanet/br/pt/madewithibm/regulamento.htm

https://bitcointalk.org/index.php?topic=1066612.0

[Fatman3001]

Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.

More buys today though. If there are more buyers than sellers over time the issuer has to issue more notes. And if someone goes xbt-crazy over there it might be noticeable on exchanges.

[phoenix1]

Not impressed by the volume of Bitcoin Tracker One on Nasdaq Stockholm. Just 550 bitcoin traded so far today. But the price is going up.

More buys today though. If there are more buyers than sellers over time the issuer has to issue more notes. And if someone goes xbt-crazy over there it might be noticeable on exchanges.

So far I would say that is a success. Not exactly overwhelming, but my expectaions were not so high, so they have been met. As has been mentioned elsewhere, this is just another entry point into the system for when interest is higher. For now I suspect that most action is from existing Bitcoiners. Will be interesting to see how it evoves with time ...

[ChartBuddy]

Coin
Explanation

[Wandererfromthenorth]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), long on bitfinex still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

[8up]

If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol

Bulls and bears balance each other very well atm.

Guess the next two month will become boring to an almost unbearable level.  

Everything comes to an end. I guess we'll see some smaller (than expected) movements in the next 10 days when trendlines are breached down/up. Only thing clear then is the midterm prospect. This means uncertainty will not leave the marketplace for now (next month).

[Norway]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

So it's going up, down or sideways? Wow, that TA shit is powerful! 

[Wandererfromthenorth]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

So it's going up, down or sideways? Wow, that TA shit is powerful!  

If price breaks the resistance trend lines you go long, if you break the support trend lines you go short, if volume confirms a move in either direction. You wait for confirmation and you follow the trend that just established.

What is it that you don't understand?


TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc

[Norway]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

So it's going up, down or sideways? Wow, that TA shit is powerful!  

If price breaks the resistance trend lines you go long, if you break the support trend lines you go short, if volume confirms a move in either direction. You wait for confirmation and you follow the trend that just established.

What is it that you don't understand?


TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc

Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me

[Wandererfromthenorth]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

So it's going up, down or sideways? Wow, that TA shit is powerful!  

If price breaks the resistance trend lines you go long, if you break the support trend lines you go short, if volume confirms a move in either direction. You wait for confirmation and you follow the trend that just established.

What is it that you don't understand?


TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc

Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me

Ok, so what do you use to know when to buy, hold or sell?

News/fundamentals? Would have worked out great in 2014...
Losing 80% of value in one year. Who needs TA right?

[Norway]

Some might think that price is gonna stay in a long period of consolidation/sideways like it happened in 2012, but the sudden drastic decrease in volume lately suggests that a big move is coming IMHO. It should be imminent. I'm gonna monitor the trend lines I posted a few days ago and I will long the breakout/short the breakdown.


Arguments for down: decreasing volume since january bottom (trend reversals should have increasing volume and enormous prolonged buying pressure), decreasing and low bid sum (especially considering daily inflation), overall bearish price structure since the $150 bottom, if this bear market behaves like the 2011 one the bubble should deflate almost completely to reach $60-$80 in a few months (which would be the same percentage of retracement of the $32 to 2$ bubble), BTC swaps still atrociously high, the long term support trend lines are being already slowly tested and breached while the resistance ones are barely touched, EW theory counts (ask the EW guys, I do't know much about EW).

Arguments for up: Overall slight seller exhaustion lately, the drops don't have much follow through in this choppiness, signs of accumulation (although we might have already passed or be in distribution already), increased confidence because of good news (nasdaq experimenting with the blockchain and all that shit) lately.


I think the bearish arguments are stronger and technicals are more important than news, but wait for confirmation and a definitive break with volume in either direction.
If despite the decreased volume and signs of a big move coming we just stay sideways, that would be boring AF lol
In that case I'm gonna forget about BTC for a few months and get involved again only when another breakout/breakdown no brainer setup appears.



My 2 satoshis.

So it's going up, down or sideways? Wow, that TA shit is powerful!  

If price breaks the resistance trend lines you go long, if you break the support trend lines you go short, if volume confirms a move in either direction. You wait for confirmation and you follow the trend that just established.

What is it that you don't understand?


TA is not something that tells you if price is going up or down at any random point in the chart. Most of the time it allows you to time the market and give you setups. "If price goes to target X, do this, if it goes to target Y, do that". "If it behaves in that way at a specific target, do X, if it behaves differently, do Y".
etc

Don't worry. If you prefer to drive your car looking in the rear mirror, it's ok with me

Ok, so what do you use to know when to buy, hold or sell?

News/fundamentals? Would have worked out great in 2014...

I admit that I can't predict the short term future. It's important to know what you don't know. So I don't daytrade, I'm in it for the long run. I have done my own calculations about bitcoins potential as global money, and I think the odds for bitcoin to succeed are good. My gut feeling based on all the stuff I read about bitcoin is 80% chance of success

[Natalia_AnatolioPAMM]

We are been invaded by aliens.

Confirmed.

Btc to to jupiter.

Double-confirmed.

moon is not enough

[adamstgBit]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

up or down boss? :-) *eZ^$$$

up Up UP! topping out at 500 in the coming months... Mass adoption pushing price to >32,000$ in < 2 years

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Good morning Bitcoinland (and traders too).

Once again, not much doing.

I suppose a dollar or two up is better than a buck or two down.

Yawn. Sip.

[adamstgBit]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

up or down boss? :-) *eZ^$$$

up Up UP! topping out at 500 in the coming months... Mass adoption pushing price to >32,000$ in < 2 years

lower volume tells me that speculation is low and we seem to be at equilibrium for Supply/Demand (200-300 $). I anticipate an increase in demand because news/dev of late, this will bring prices up, investors will take notice of poeple actually using bitcoin to cut down remittance cost or wtv... suddenly speculators are all buys and no sells KAFUCKINGBOOM 500 proves to be resistant  which triggers a short lived but painful downturn before the gr8 never ending bull run to 32,000 < 2 years starts off. I expect a the final jump from 5000 to 32,000 to happen seemingly overnight on Xmas 2017, the world will never be the same, fiat world will obviously be dieing as crypto aims to completely take over.

[Norway]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

up or down boss? :-) *eZ^$$$

up Up UP! topping out at 500 in the coming months... Mass adoption pushing price to >32,000$ in < 2 years

lower volume tells me that speculation is low and we seem to be at equilibrium for Supply/Demand (200-300 $). I anticipate an increase in demand because news/dev of late, this will bring prices up, investors will take notice of poeple actually using bitcoin to cut down remittance cost or wtv... suddenly speculators are all buys and no sells KAFUCKINGBOOM 500 proves to be resistant  which triggers a short lived but painful downturn before the gr8 never ending bull run to 32,000 < 2 years starts off. I expect a the final jump from 5000 to 32,000 to happen seemingly overnight on Xmas 2017, the world will never be the same, fiat world will obviously be dieing as crypto aims to completely take over.

... and then I buy a Toyota! 

[adamstgBit]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

up or down boss? :-) *eZ^$$$

up Up UP! topping out at 500 in the coming months... Mass adoption pushing price to >32,000$ in < 2 years

lower volume tells me that speculation is low and we seem to be at equilibrium for Supply/Demand (200-300 $). I anticipate an increase in demand because news/dev of late, this will bring prices up, investors will take notice of poeple actually using bitcoin to cut down remittance cost or wtv... suddenly speculators are all buys and no sells KAFUCKINGBOOM 500 proves to be resistant  which triggers a short lived but painful downturn before the gr8 never ending bull run to 32,000 < 2 years starts off. I expect a the final jump from 5000 to 32,000 to happen seemingly overnight on Xmas 2017, the world will never be the same, fiat world will obviously be dieing as crypto aims to completely take over.

... and then I buy a Toyota! 

theres no sense in buying a lambo when a Toyota is cheap and reliable. save your BTC and pass it on to your grandchildren so they can afford clean Oxygen and live.