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

[ChartBuddy]

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Explanation

[LFC_Bitcoin]

This Finex wall is bull shit. Look at the size of it, the price is barely moving though. What's going on, another fake wall?

[ChartBuddy]

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Explanation

[derpinheimer]

This Finex wall is bull shit. Look at the size of it, the price is barely moving though. What's going on, another fake wall?

The last one was eaten entirely as far as I know.
To be honest though, it looks kinda like the guy is selling into his own wall.

[Chalkbot]

[esse83]

This Finex wall is bull shit. Look at the size of it, the price is barely moving though. What's going on, another fake wall?

First you say its bs, then you ask if it's fake..? I think you want it to be real, but reason tells you it's not. Now pick between hopium and reason.

My take on it, it's the same guy who puts up massive ask walls who then swiches and uses btc as collateral (only possible on finex, so not strange that we see it there). Not that hard. That's why market doesn't care.

[razibuzouzou]

Excellent, here comes a third implementation of the Lightning Network : https://www.reddit.com/r/Bitcoin/comments/3gqpl8/were_opensourcing_our_lightning_hub_and_looking/

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

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Explanation

[billyjoeallen]

Everyone was expecting a crash into the $250s, including me.  The longer it takes to get there (IF it ever gets there), the more resistance will grow. The whales swim a little closer to the surface. We are one day closer to the halving than yesterday.

Yes, there is way too much long leverage, but whoever attempts a margin squeeze of the bulls risks losing all of their coins and then some.  My positions are either long or margin long now.  

Printing presses are starting up all over the world for a currency war. Gold is climbing. Stock markets are teetering. Bonds are paying almost no interest and the dumb money is starting to realize that the smart money already left the building.  

Buckle up, boys. Big Money has been sitting in cash for months and now they know that not even THAT is safe anymore.  Throw in some fear of capital controls and we are looking at a brewing perfect storm for crypto.

We're not on the launchpad yet, but the crawler is inching us towards it. Ground Control is going through checklists. News crews are setting up cameras. It's coming.

[fonsie]

XT nodes still slowly on the rise... Were the trolls right after all that bitcoin would be replaced by a superiour coin, in this case bitcoinXT?

Is bitcointalk.org done? As abercrombie would say.

[Brewins]

XT nodes still slowly on the rise... Were the trolls right after all that bitcoin would be replaced by a superiour coin, in this case bitcoinXT?

Is bitcointalk.org done? As abercrombie would say.

where can I see how many XT nodes are online at the moment?

[ChartBuddy]

Coin
Explanation

[pleaseexplainagain]

Everyone was expecting a crash into the $250s, including me.  The longer it takes to get there (IF it ever gets there), the more resistance will grow. The whales swim a little closer to the surface. We are one day closer to the halving than yesterday.

Yes, there is way too much long leverage, but whoever attempts a margin squeeze of the bulls risks losing all of their coins and then some.  My positions are either long or margin long now.  

Printing presses are starting up all over the world for a currency war. Gold is climbing. Stock markets are teetering. Bonds are paying almost no interest and the dumb money is starting to realize that the smart money already left the building.  

Buckle up, boys. Big Money has been sitting in cash for months and now they know that not even THAT is safe anymore.  Throw in some fear of capital controls and we are looking at a brewing perfect storm for crypto.

We're not on the launchpad yet, but the crawler is inching us towards it. Ground Control is going through checklists. News crews are setting up cameras. It's coming.

I think you are right. at some point bitcoin will "click" as you say in sports and demand will rise. I actually think the New York  business for example is good for bitcoin in the longer term. There are still places for people to buy if they wish to avoid identification but most people that use banks - and it is these people we are after - are not unhappy about being identified. And where an organisation (here exchanges) has got the "approval' of the regulator then that gives them comfort and comfort will  turn to use over time. Remember bitcoin is in no rush as of itself. ie it works now and will work in the future. It is always 'on" and ready for adoption as people get comfortable.

[ChartBuddy]

Coin
Explanation

[Spider-Carnage]

The situation has me bipolar. On one hand, I think I know we'll be seeing a new ATH before the halving. On the other, I see that were still having trouble getting over $300. Hell, right now we're having trouble staying over $270! Then I think about the future and kind of take $2300 as a given, for after Feb 2017. Really, I think it's a long way away from when bitcoin s largely accepted and even properly known across the world. Bitcoin will be like the light bulb, forever reaching into new markets, a part of history. Widely used after the inventor is long gone.

[ChartBuddy]

Coin
Explanation

[Erdogan]

XT nodes still slowly on the rise... Were the trolls right after all that bitcoin would be replaced by a superiour coin, in this case bitcoinXT?

Is bitcointalk.org done? As abercrombie would say.

where can I see how many XT nodes are online at the moment?

http://www.xtnodes.com/

[billyjoeallen]

It's likely to grind slowly down into the $230s (roughly), go sideways for a while, occasionally testing support  then work it's way up to the mid $300s before going back down, but not quite as low maybe $250s or $260s.

it will keep reaching higher highs and higher lows until it's obvious the main direction. and then liquidity will dry up and it will stair step much faster and steeper.

As day traders and decentral bankers, it's not our job to push the market in either direction. It's our job to punish volatility. To eat volatility. There's a lot of money to be made on the bounces on the way down and chopping the top off of peaks and then buying the dips on the way up.

You will make mistakes and a lot of it is unpredictable on a day to day basis, so don't use leverage any more than just a little. if price goes below your trading range,that's it. You're out of the game until it comes back up unless you have more fiat you can use. Margin calls can wipe you out and should be avoided at almost all costs. It's also terrible for bitcoin because the volatility gets crazy.

If you just break even, you're doing better than most traders. This is difficult and all we can do is play the probabilities.  It's much easier just to buy and hold, even if you have to hold and hold and hold until you're old.

I was upside down for over a year in 2011-2012. I looked like an idiot for about 18 months, but now I look like a genius because my buy-in was $10/BTC.  This is not a way to get rich quickly. Patience is much more important than brains. Almost every trade is a winning trade if you wait long enough. 

[ejinte]

If billyjoeallen says we're going to $230 I'm highly considering selling and making a nice profit.