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

[Cconvert2G36]

this was the fbi pumping it up for their auction today, nothing more.

https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118


so i fully concur we will go back hovering around 300.

Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?

they doubled it, going from 10 million to 20+ potentially.

if not for the money why make such auctions in the first place?


besides its not 'cloak and dagger', they are just playing the game.


i think some people here over reacted and got burned at 400+, praising for 15k$ btc already.

Oh, you're serious. Do you have any idea of how much yuan it took to make that "doubling"?  

We did go straight vertical and predictably dumped. Do you have your shorts open at $386?

[hdbuck]

this was the fbi pumping it up for their auction today, nothing more.

https://bitcointalk.org/index.php?topic=178336.msg12889118#msg12889118


so i fully concur we will go back hovering around 300.

Are you kidding me? The govt that takes in 2.6 trillion $ in taxes goes all cloak and dagger to get a couple million more on a silly property auction?

they doubled it, going from 10 million to 20+ potentially.

if not for the money why make such auctions in the first place?


besides its not 'cloak and dagger', they are just playing the game.


i think some people here over reacted and got burned at 400+, praising for 15k$ btc already.

Oh, you're serious. Do you have any idea of how much yuan it took to make that "doubling"?  

We did go straight vertical and predictably dumped. Do you have your shorts open at $386?

oh you are taking china volumes seriously?

yesturday stamp got +100k btc in volume, and that would be more impressive than the 3millions or whateves fancy numbers in china.

i monitored fiatleak during this pump and the yuan was lagging far behind bitfinex, stamp and btce dollar purchases

[coinpr0n]

IMO: If we correct down to 3xx this bubble has (all in all) been a good thing. On the other hand if we go right back down to pre-bubble 2xx levels I think it's not going to be very good for Bitcoin's public image. Two cents.

[Cconvert2G36]

I've been posting about inflated china volume since early Oct, but you are clueless if you think bitstamp is driving this train.

[hdbuck]

I've been posting about inflated china volume since early Oct, but you are clueless if you think bitstamp is driving this train.

i did not say that, altho i'd argue that stamp is possibly one of the most 'fair' price settling exchange out there.

[arandy]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

[koryu]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

if you study the last rallys then you find 1day and 3day red candles in between. people are as smart as always

it took 11 days to break 208$ in 2013, most people sold there. taking 100% profit from buying in the 100s.

[Sturgeon]

Risks to this ongoing bitcoin price rebound include the upcoming non-farm payrolls release, which might also have a strong impact on dollar price action. Stronger than expected results could spur another USD rally, effectively dragging BTCUSD lower, while weak data could lead to a dollar selloff and another bitcoin price surge.

Intraday support level – $375

Intraday resistance level – $500

source : http://www.newsbtc.com/2015/11/05/bitcoin-price-technical-analysis-correction-500-called/

[Cconvert2G36]

Risks to this ongoing bitcoin price rebound include the upcoming non-farm payrolls release, which might also have a strong impact on dollar price action. Stronger than expected results could spur another USD rally, effectively dragging BTCUSD lower, while weak data could lead to a dollar selloff and another bitcoin price surge.

Intraday support level – $375

Intraday resistance level – $500

source : http://www.newsbtc.com/2015/11/05/bitcoin-price-technical-analysis-correction-500-called/

$120 up and down in a couple days and we're watching the non-farm payroll number... sure 

[designerusa]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

[SnokkomBTC]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

the auction is a non-event...

[gizmoh]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today 

People keeps holding for moon while their profits dwindle in front of their eyes.. smart!

[AmazonStuff]

375 test

[Hyperjacked]

How many hours left until the last auction? What do you expect from Bitcoin price when the auction ends? I'm messed up right now, bought a lot in 450 and got no cash to buy more from lower prices.

Just chill and enjoy the Rollercoaster...if you sell and try and time a buyback you will lose btc when you chase the price again!

[Cconvert2G36]

New lows on everything but finex.

I did all I was willing to, don't burn it down by morning.

[n3o111]

This bubble hasn't ended yet probably. People get smarter trading bitcoins so i think it won't go high without falling down a few times.
I think we will see $500 again today  

People keeps holding for moon while their profits dwindle in front of their eyes.. smart!

Or panic sell at lows and panic buy at highs.

Stamp 364.

[Hunyadi]

375 test

[cbeast]

Back to hobbycoin support at 280.

[AmazonStuff]

375 test

Wow

[L0uis]