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

[JayJuanGee]

i hope price will stabilize right now after falling

It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

[adamstgBit]

i hope price will stabilize right now after falling

It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

+1

well vol appears to be going down a little bit, big move coming soon.

[Tzupy]

i hope price will stabilize right now after falling

It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

+1

well vol appears to be going down a little bit, big move coming soon.

There's a rather large triangle that should break soon, but it keeps narrowing instead.
The BB are are also getting narrower, should break one way or another within 2 hours.

[Bicmac1973]

i hope price will stabilize right now after falling

It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

+1

well vol appears to be going down a little bit, big move coming soon.

There's a rather large triangle that should break soon, but it keeps narrowing instead.
The BB are are also getting narrower, should break one way or another within 2 hours.

Seems to break to the upside on huobi.

[ssmc2]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

[ChartBuddy]

Coin

Explanation

[rjclarke2000]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

May I ask why?

Thanks

[Dilla]

It's the weekend and we haven't had any major dumps yet. Nice. Probably speaking too soon and jinxing it.

[Feri22]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

[fichtn12345]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

Confirmed.

[DeathAngel]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

It's looking that way

[Fatman3001]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

Oh yeah!

[ssmc2]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

[Hyperjacked]

Hasn't broken anywhere yet. But yeah, something's gotta give within the next 24 hours.

Wait, are you saying the next 24h are critical?

More like Eddie murphy in 48 hours...or ...

[ssmc2]

Cryptsy alert. OTOH is having big problems.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

Good. Shitcoin exchange.

[JayJuanGee]

i hope price will stabilize right now after falling

It is possible to stabilize in the $350 to $420 territory, but it is very doubtful that such stabilization will occur in the short term.  Simply, there is way too much volume currently, and that demonstrates that there is a bit of a battle going on in this price range.

I think that the volume has to go down before prices will stabilize,  which could mean that prices return to the $350 to $420 price range, but still the direction remains a bit indeterminative.

 I tend to believe that if prices are going to stabilize in the near term (within the next month or two), they will stabilize a bit above $420 rather than below $350.  That's just my hunch based on the overall history and seeming price dynamics, and absent any major developments in the news, whether FUD or not..

+1

well vol appears to be going down a little bit, big move coming soon.

Actually, I am talking about Stamp's volume, because I still believe that mostly Stamp is the lead indicator regarding the overall BTC market and price direction - but surely Stamp is not the final authority by no means.

Anyhow, Adam, you are correct that volume is coming down, and it is kind of approaching more normal levels - maybe only 2x normal rather than 5-20x.  Accordingly, the volume of the past 24 hours is a bit under 30,000 BTC, and more normal daily levels would be in the 10-15k territory, yet probably a bit lower on weekends, no?  maybe a little under 10K daily volumes on weekends.

[ChartBuddy]

Coin

Explanation

[BlindMayorBitcorn]

Cryptsy alert. OTOH is having big problems.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

Good. Shitcoin exchange.

I have the equivalent of over 200 BTC that I'm trying to withdrawal in BTC, LTC & DASH, but the withdrawal window is not working, I traded out of many USD to do this at a large loss, when can I expect my money to be able to be withdrew-able?

Ouch tho!

[ssmc2]

Yeah that does suck. We just need to get people off these crap exchanges and unfortunately the only way seems to be fiascoes like this.

[BlindMayorBitcorn]

Yeah that does suck. We just need to get people off these crap exchanges and unfortunately the only way seems to be fiascoes like this.

Imagine trading for years and years only to end up with all your money at the mercy of someone called JShock?