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

[redsn0w]

280$ again:)
I think the price will go up again from here to around 300$ in the following days.

Then what? Another dump from 295-299.99 range and we will see 275-280 again.

This is only your opinion, no one know what it will happen to bitcoin  (speculation side).

[hdbuck]

Top 5 supercomputers (http://fossbytes.com/top-5-supercomputers-of-the-world/)

Mira IBM’s self-built Supercomputer: 8.6 petaflops
Fujitsu’s K computer : 10.5 petaflops
IBM machine Sequoia: 17.2 petaflops
Titan: 17.6 petaflops
Milky Way-2, the king of supercomputers processes at a "staggering" () speed of 33.9 petaflops

total = 87.8 petaflops


Bitcoin Network Hashrate: 4,875,965.41 petaflops (http://www.bitcoinwatch.com/)

#lel
#bullish

 

[ChartBuddy]

Coin
Explanation

[redsn0w]

Top 5 supercomputers (http://fossbytes.com/top-5-supercomputers-of-the-world/)

Mira IBM’s self-built Supercomputer: 8.6 petaflops
Fujitsu’s K computer : 10.5 petaflops
IBM machine Sequoia: 17.2 petaflops
Titan: 17.6 petaflops
Milky Way-2, the king of supercomputers processes at a "staggering" () speed of 33.9 petaflops

total = 87.8 petaflops


Bitcoin Network Hashrate: 4,875,965.41 petaflops (http://www.bitcoinwatch.com/)

#lel
#bullish

 

bitcoin miners are sha256 exclusive units. They can't do anything else then sha256 hashes.

While all the superComputers can literally do anything you want. 

you are so cruel // sarcasm.

[GaliX]

Top 5 supercomputers (http://fossbytes.com/top-5-supercomputers-of-the-world/)

Mira IBM’s self-built Supercomputer: 8.6 petaflops
Fujitsu’s K computer : 10.5 petaflops
IBM machine Sequoia: 17.2 petaflops
Titan: 17.6 petaflops
Milky Way-2, the king of supercomputers processes at a "staggering" () speed of 33.9 petaflops

total = 87.8 petaflops


Bitcoin Network Hashrate: 4,875,965.41 petaflops (http://www.bitcoinwatch.com/)

#lel
#bullish

 

bitcoin miners are sha256 exclusive units. They can't do anything else then sha256 hashes. That's the reason why they are like over 100x-1000x faster then a same sized regular cpu..

While all the superComputers can literally do anything you want the ASIC chips can't do anything beside sha256.

Why would this be bullish?

[natewelt]

We need to get back to 285 in order to put an end to this 5 day downtrend.

[inca]

We need to get back to 285 in order to put an end to this 5 day downtrend.

A single 5k market buy moves the price immediately back up to 300.

And all the new shorts in the decline have covered already.

[natewelt]

We need to get back to 285 in order to put an end to this 5 day downtrend.

A single 5k market buy moves the price immediately back up to 300.

And all the new shorts in the decline have covered already.

During this entire downtrend I've noticed traders are very unwilling to raise their bids and "slap the ask" as I like to say. That's why its just been a slow trickle down. Sellers are selling right into traders hands rather than traders gobbling up coins moving us higher with market orders.

We need someone or a couple people to aggressively buy in order to break this downtrend...like you said a 5k market order would def do it!

[inca]

We need to get back to 285 in order to put an end to this 5 day downtrend.

A single 5k market buy moves the price immediately back up to 300.

And all the new shorts in the decline have covered already.

During this entire downtrend I've noticed traders are very unwilling to raise their bids and "slap the ask" as I like to say. That's why its just been a slow trickle down. Sellers are selling right into traders hands rather than traders gobbling up coins moving us higher with market orders.

We need someone or a couple people to aggressively buy in order to break this downtrend...like you said a 5k market order would def do it!

Patience. We are resetting all the momentum indicators.

[inca]

The same could be said of bears. The onus is upon them to break this uptrend by breaching 270. Everything else is just noise and a chance to accumulate before the trend does it's thing.

[ask]

... break this uptrend...

This uptrend?

Yes it is, but I am sorry because you are blind. My advice: go three steps backward, and you will see bigger picture

[ChartBuddy]

Coin
Explanation

[natewelt]

... break this uptrend...

This uptrend?

That's a clear downtrend that has yet to be broken. Inca was likely talking about the uptrend that started about 2 months ago at 220.

[sAt0sHiFanClub]

We need someone or a couple people to aggressively buy in order to break this downtrend...like you said a 5k market order would def do it!

Maybe we should ask inca & ask to do it?  Kinda surprised they haven't thought of it themselves, cheap coins...

+1.

Clinging to an idea that makes no logical sense to informed players is about par for the course.

[natewelt]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

[inca]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Look at the volume on the decline and guess what happens next.

[GaliX]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Look at the volume on the decline and guess what happens next.

Volume can be an indicator for tops/bottoms in the rest of the time volume is not so important...

[natewelt]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Look at the volume on the decline and guess what happens next.

Decreasing volume during a downtrend means sellers have exhausted their selling pressure.  

WE GO UP

[natewelt]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Look at the volume on the decline and guess what happens next.

Volume can be an indicator for tops/bottoms in the rest of the time volume is not so important...

Not true. Periods of abnormally low volume are normally the calm before the storm. Usually the move following a period of low volume is substantial. Lower volume during an uptrend usually indicates buyers are losing interest and lower volume during a downtrend means sellers are almost done selling.

[GaliX]

Here's what the technical picture looks like right now. Obviously we need to break to the upside from this 5 day downtrend soon or we may see lower prices still in the immediate near term.

Look at the volume on the decline and guess what happens next.

Decreasing volume during a downtrend means sellers have exhausted their selling pressure.  

WE GO UP

well it means there are more sellers then buyers even if the volume is low...
It does not indicate what the next big move is going to be.