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

[ChartBuddy]

Coin
Explanation

[Torque]

Is that the bearwhale on Bitstamp back in action?

Can't spot it, but if it would try to break the uptrend now it would surely fail because it failed last time and the market is way more optimistic now  

The price is certainly being managed today. Don't want bitcoin spiking when the NYSE is halted and China is crashing.

Hrm.

therefore they do not want people to think bitcoin is where to go, they want people to stay in the imploding 'interest to infinity' debt slavery system... at least until they get the 'big block of cheese day' ready .

I read that some stock analysts are saying that the U.S. stock market is going to have one final bull run later this year, and then a huge correction shortly thereafter.

After what I've witnessed now with the Chinese stock market, I'd say that would be a completely plausible scenario.  Greed and fear now rule the markets, and the rich oligarchs of the world are the ones pulling the money levers.  They count on the retail investors to be late to the party every time, in order to be the long term bagholders.

[luckygenough56]

i'll start panicking when litecoin will rise while bitcoin is falling

wait

[Elwar]

Is that the bearwhale on Bitstamp back in action?

Can't spot it, but if it would try to break the uptrend now it would surely fail because it failed last time and the market is way more optimistic now  

The price is certainly being managed today. Don't want bitcoin spiking when the NYSE is halted and China is crashing.

Hrm.

therefore they do not want people to think bitcoin is where to go, they want people to stay in the imploding 'interest to infinity' debt slavery system... at least until they get the 'big block of cheese day' ready .

I read that some stock analysts are saying that the U.S. stock market is going to have one final bull run later this year, and then a huge correction shortly thereafter.

After what I've witnessed now with the Chinese stock market, I'd say that would be a completely plausible scenario.  Greed and fear now rule the markets, and the rich oligarchs of the world are the ones pulling the money levers.  They count on the retail investors to be late to the party every time, in order to be the long term bagholders.

There will be big money behind selling the fact that the economy is in the pooper in 2016 portraying Obama as the one at fault. Both sides will be pushing that storyline to get their guy in front. This is never good for the stock market. Look at what happened in 2008 running up to the elections.

Not saying it isn't true, but instead of selling people toothpaste and potato chips on TV they will be selling a bad economy.

[GaliX]

seems like the global market is shifting from a 6 year constant bull market everywhere.
On top Greece is creating a big threat to the Euro as a hole.

Let's see.... If the global system shatters with the next crash... Jesus I don't even want to think about it.

Sadly I think Bitcoin will not work in a world with a big global crisis. Other things will be more important like food, Fuel and so on.
But during the crash it might be the best time to buy bitcoin if it dumps as well. People will look for alternatives once the system stabilizes.


lets see how it goes... I mean Greece is starting to get to an anarchy.. if banks stop withdraws completely in the next 2 days people will not even be able to buy food in urban regions.

[SmoothCurves]

seems like the global market is shifting from a 6 year constant bull market everywhere.
On top Greece is creating a big threat to the Euro as a hole.

Let's see.... If the global system shatters with the next crash... Jesus I don't even want to think about it.

Sadly I think Bitcoin will not work in a world with a big global crisis. Other things will be more important like food, Fuel and so on.
But during the crash it might be the best time to buy bitcoin if it dumps as well. People will look for alternatives once the system stabilizes.


lets see how it goes... I mean Greece is starting to get to an anarchy.. if banks stop withdraws completely in the next 2 days people will not even be able to buy food in urban regions.

Hodlers are going to be severely tested if your hypothesis ends up being correct.

[TerraMaster]

Is that the bearwhale on Bitstamp back in action?

Can't spot it, but if it would try to break the uptrend now it would surely fail because it failed last time and the market is way more optimistic now  

The price is certainly being managed today. Don't want bitcoin spiking when the NYSE is halted and China is crashing.

Hrm.

therefore they do not want people to think bitcoin is where to go, they want people to stay in the imploding 'interest to infinity' debt slavery system... at least until they get the 'big block of cheese day' ready .

I read that some stock analysts are saying that the U.S. stock market is going to have one final bull run later this year, and then a huge correction shortly thereafter.

After what I've witnessed now with the Chinese stock market, I'd say that would be a completely plausible scenario.  Greed and fear now rule the markets, and the rich oligarchs of the world are the ones pulling the money levers.  They count on the retail investors to be late to the party every time, in order to be the long term bagholders.

There will be big money behind selling the fact that the economy is in the pooper in 2016 portraying Obama as the one at fault. Both sides will be pushing that storyline to get their guy in front. This is never good for the stock market. Look at what happened in 2008 running up to the elections.

Not saying it isn't true, but instead of selling people toothpaste and potato chips on TV they will be selling a bad economy.

Economy is in the pooper" anything that looks like its better is just part of the mirage we want to see... 20 Trillion dollars in debt is creating the illusion that things are better.  

[Callahan]

to the hell again?
Are some chart available?
I only read whaleclub haha

[ChartBuddy]

Coin
Explanation

[Fakhoury]

I hate sideways, asif you are hanging in the air, no moon and no doom.

Boaring Boaring Boaring   

[DutchTrades]

RSI double top spotted @finex 1day

We're probably going to see a correction to the $259 support level.

[readysalted89]

RSI double top spotted @finex 1day

We're probably going to see a correction to the $259 support level.

I'm not a proper trader and only have a basic understanding of a double top. I spotted one today and the price tanked, but I have spotted them before and the price went up. How often do they precede a drop in price? It's obviously not 100% of the time, so what kind of percentage accuracy do they have?

I assume they have better accuracy when compared to the Relative Strength Index?

[Cconvert2G36]

Careful, boaring can quickly turn into a goring.

[BitofaN1]

RSI double top spotted @finex 1day

We're probably going to see a correction to the $259 support level.

Really don't think we're getting below 262 any time soon.

[Specular]

Crazy day...

I feel like there are a lot of lurking dangers out there coming from all angles.

- Chinese stocks are in free fall mode, despite the governments best efforts (making them lose credibility).
- Greece is being pushed out of the EuroZone unless a miracle occurs by Sunday
- Puerto Rico is defaulting
- NYSE has a weird "glitch" at the same time that United and WSJ have technical problems

And worst of all, we smug Bitcoiners have a bloated blockchain with 80,000 txn sitting in the mempool.


That being said, we may be at a near-term peak in bearishness, and a positive development on any of those fronts may give us temporary reprieve... though I think there is also a risk that we get a strong risk-off move in the next few days/weeks/months that may lead to a correction.

*Puts on Bear Hat lined with tinfoil

[BitChick]

seems like the global market is shifting from a 6 year constant bull market everywhere.
On top Greece is creating a big threat to the Euro as a hole.

Let's see.... If the global system shatters with the next crash... Jesus I don't even want to think about it.

Sadly I think Bitcoin will not work in a world with a big global crisis. Other things will be more important like food, Fuel and so on.
But during the crash it might be the best time to buy bitcoin if it dumps as well. People will look for alternatives once the system stabilizes.


lets see how it goes... I mean Greece is starting to get to an anarchy.. if banks stop withdraws completely in the next 2 days people will not even be able to buy food in urban regions.

Hodlers are going to be severely tested if your hypothesis ends up being correct.

Holders have already been "severely tested" since the beginning of 2014.  I think many of us are fine with whatever happens.  We have weighed the risks involved and still see the huge potential and think that holding is worthwhile, all the more now that trust of banks is being lost.

Hodl on! 

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

I call below 260 within 48 hours.

24 hours remaining...

[GaliX]

Crazy day...

I feel like there are a lot of lurking dangers out there coming from all angles.

- Chinese stocks are in free fall mode, despite the governments best efforts (making them lose credibility).
- Greece is being pushed out of the EuroZone unless a miracle occurs by Sunday
- Puerto Rico is defaulting
- NYSE has a weird "glitch" at the same time that United and WSJ have technical problems

And worst of all, we smug Bitcoiners have a bloated blockchain with 80,000 txn sitting in the mempool.


That being said, we may be at a near-term peak in bearishness, and a positive development on any of those fronts may give us temporary reprieve... though I think there is also a risk that we get a strong risk-off move in the next few days/weeks/months that may lead to a correction.

*Puts on Bear Hat lined with tinfoil

yea people are getting scared. Global Market are getting at the edge they could fall of... Lets see... The times could be the right. China is having an head-start already.

[ejinte]

I call below 260 within 48 hours.

24 hours remaining...

Ain't happening.