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

[billyjoeallen]

Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it 

longs are rocketing upwards ..

Dollar swaps are up over $242,000 in the last 24 hrs, meaning over 1k of the btc bought were bought on margin.  So pretty much that entire pump was leveraged. Yeah, that's sustainable. 

What's really interesting is that I'm now getting higher interest lending out my BTC for swaps as opposed to lending USD. That hasn't happened in a long time. BTC swaps are not going up much at all, but the interest rate is.  Weird. I guess a lot of lenders either decided that 0.02% wasn't enough to make it worthwhile or they just left BFX entirely. 

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Quiet around here except for people quoting Jean the Troll (aka NLC).

Gotta admit that she's persistent.

Take your meds Jean.

[ChartBuddy]

Coin
Explanation

[aztecminer]

Looks like we have some movement on bitfinex. Yup, movement confirmed we have went up by $1. Hold onto your butts, we might up $1.05 before your know it 

longs are rocketing upwards ..

Dollar swaps are up over $242,000 in the last 24 hrs, meaning over 1k of the btc bought were bought on margin.  So pretty much that entire pump was leveraged. Yeah, that's sustainable. 

What's really interesting is that I'm now getting higher interest lending out my BTC for swaps as opposed to lending USD. That hasn't happened in a long time. BTC swaps are not going up much at all, but the interest rate is.  Weird. I guess a lot of lenders either decided that 0.02% wasn't enough to make it worthwhile or they just left BFX entirely. 

did you here that everybody ?? we're doing the "leverage pump" ...

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

Didn't see that coming. Good thing I'm still 90% long

[Franciem]

attention for all trader please cancel your low sell order we will go to the moon after increasing difficult

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Monopoly]

attention for all trader please cancel your low sell order we will go to the moon after increasing difficult

Big joke in the history of BTC ............ Thanks for your signal ...... where is the target ? $100,000 ?

[Franciem]

attention for all trader please cancel your low sell order we will go to the moon after increasing difficult

Big joke in the history of BTC ............ Thanks for your signal ...... where is the target ? $100,000 ?

may be YES
but my feeling 240$

[Monopoly]

attention for all trader please cancel your low sell order we will go to the moon after increasing difficult

Big joke in the history of BTC ............ Thanks for your signal ...... where is the target ? $100,000 ?

may be YES

If you told me this joke 2 years ago i could believe that but at this time it never will happen ,,,, even moving to price $500 is very hard  ......

[ChartBuddy]

Coin
Explanation

[Fatman3001]

attention for all trader please cancel your low sell order we will go to the moon after increasing difficult

Big joke in the history of BTC ............ Thanks for your signal ...... where is the target ? $100,000 ?

may be YES

If you told me this joke 2 years ago i could believe that but at this time it never will happen ,,,, even moving to price $500 is very hard  ......

Are you short? Leverage?

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Jdj1727]

So, it seems we are pretty much stuck between $220-$230 with no exciting moves. I guess it's just a good time to pick up more BTC.

[Gyrsur]

i'm not convinced TA is working anymore for BTC. chineses miners are fighting hard against the rest with price dumps and pump the difficulty to higher highs. the same is happening with crude oil but there the saudies are the source of evil.