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

[cbeast]

I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.

I wanted that too and I'll need a new Toyota Tundra to carry it. Please ask the awesome core developers to make it happen.

[Hyperjacked]

I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.

I'll think about if you buy two and send me one...

disclaimer:I live in a simple ADK camp and it would look out of place...

Cheers!

[ChartBuddy]

Coin

Explanation

[cbeast]

I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.

I'll think about if you buy two and send me one...

Cheers!

Sadly I can only still afford to use this IBM-XT monochrome monitor. Fortunately is was a huge improvement over the previous Intel core. But I digress.

[QuestionAuthority]

I need the price to go above 550 before Christmas and stay there long enough to sell. I'm looking at buying a Samsung 88 inch series 9 LED 4K ULTRA HDTV and I'd really like Bitcoin to pay for it. I would appreciate it if one of you guys can work that out for me.

I wanted that too and I'll need a new Toyota Tundra to carry it. Please ask the awesome core developers to make it happen.

Since we're putting the devs to work anyway and that's a big tv, we should get a slightly larger truck to carry it home.

[600watt]

300 gone, 320 gone. 383 looks pretty amazing on a dull post auction, post 15-month-peak day.

 

[ChartBuddy]

Coin

Explanation

[goldsun]

Can someone just tell me where will we possible head? Up or down? Based on analysies and some speculations 

The support is holding us above levels last seen in Dec 2014. We've never been so high before in the entire year of 2015 and we have tested the support and are now slowly making higher highs.

The downward movement a couple of days ago was due to climbing too high too fast and people were panicking because everyone kept saying we will reach the moon, but we didn't so people got scared and sold the shit out of it, but we are now gradually moving higher and coming out of this correction.

Although you can argue that we are currently correcting a huge downward trend on a yearly scale, I really doubt this is the case because there have been just too many positive news coming out regarding Bitcoin. (gemini, nyse, constant news about the rally, the halving etc.)

I personally see no way to go but up and the guys who keep telling you we're through and it's the end are most likely desperate and trying to lower the price so they can get in early because they missed out or even lost a lot in the panic.

If you happen to have a decent amount of coins I wouldn't recommend selling them right now. As for opening a long position, still not sure in the short term.

Thanks for the suggestioni. I'll try to hold. That's what I've been doing since last year, so finally I am back at +- 0 almost. So it's good. I just want to get it to $1k as soon as possible to make some money out of it just like the rest. I belive that bitcoin can work, but I can't really cut the fiat thing. It's always good to get both.

[TReano]

300 gone, 320 gone. 383 looks pretty amazing on a dull post auction, post 15-month-peak day.

 

https://www.tradingview.com/chart/BTCCNY/CpeAmKGf-Trading-Levels-to-watch-in-the-next-2-Months-Bitcoin/

My thoughts / levels to look at on the btc price for the next ~2 months...


Should be a quiet good Swing trading area.. Where to put stops is also quiet clear.


Good Luck guys. Never Fomo trade if you missed it there will be another day with better opportunities to find good trades.

[jaredboice]

300 gone, 320 gone. 383 looks pretty amazing on a dull post auction, post 15-month-peak day.

 

https://www.tradingview.com/chart/BTCCNY/CpeAmKGf-Trading-Levels-to-watch-in-the-next-2-Months-Bitcoin/

My thoughts / levels to look at on the btc price for the next ~2 months...


Should be a quiet good Swing trading area.. Where to put stops is also quiet clear.


Good Luck guys. Never Fomo trade if you missed it there will be another day with better opportunities to find good trades.

That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here.  Do we not also have leveraged long trades now too lol?  I'm not understanding this point at all.
I can't predict what direction we go from here.  But I will predict that there's not going to be much more time spent under the $300s.  If we revisit those levels at all, it will be brief IMHO

[ssmc2]

I'll be at the bar. Somebody come get me when the new leads get here. The glengarry leads!

You know what it takes to hodl bitcoin? Brass balls.

[ssmc2]

Why is the hashrate dropping? Under 400 PH/s...

[BTCtrader71]

That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here.  Do we not also have leveraged long trades now too lol?  I'm not understanding this point at all.

With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense?

EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...

[TReano]

That chart analysis talks about leveraged shorting as the reason why this recent rally didn't go up to $1200 and why it's going down from here.  Do we not also have leveraged long trades now too lol?  I'm not understanding this point at all.
I can't predict what direction we go from here.  But I will predict that there's not going to be much more time spent under the $300s.  If we revisit those levels at all, it will be brief IMHO

I meant back in 2012-2013 Short trading was not available for most people. They Simply bought longs and sold and bought back lower to make money... Leverage was also not really a trading option back then.


Now we have all these options that's why I think the recent 500$ is equal to the 1200$ spike back then and that we should slide down from here and make a new low sub 300$ at least.

for every high there will be a low. and we have to find a new low from here I guess...

[ChartBuddy]

Coin

Explanation

[Fatman3001]

Why is the hashrate dropping? Under 400 PH/s...

Probably just bad luck in finding blocks.

[MatTheCat]

With leveraged trading, anyone can go long and anyone can go short. Prior to leveraged trading, anyone could "go long" because going long meant exchanging fiat for bitcoin, and 100% of traders have fiat. Conversely, going short meant selling bitcoin for fiat, and the percentage of traders with bitcoin was way less than 100%. If you did not hold any bitcoin and you wanted to short it, then you'd have to buy some first before you could dump it on the market. Make sense?

EDIT: The creation of leveraged trading was therefore necessarily bearish for bitcoin. I wish I had understood that two years ago lol ...

Works both ways though.

Traders can also leverage their FIAT, and with that, purchase way more Bitcoins than they otherwise could, which they of course have to cash out, thus creating more volatility in the market.

Likewise, short traders can also induce volatility to the upside. For example, from the 30th October, (Bitcoin at ~$320) the short BTC swaps shot up to around 20K BTC on Finex. It wasn't until 3rd November, that the BTC swaps for short positions plummeted back down to 10K, and you can bet your bottom dollar that these shorts exiting their positions (especially on CNY exchanges) played a big role in ramping the market up to $505, which it reached on the 4th November. You can also bet your bottom dollar that the Market Makers (whales) were using thier buying power to ensure that all these shorts got squeezed out of their positions at significant losses. This is how the big fish make their bread, and why markets are such fucking arseholes. There is what should happen, and then there is what happens purely as a result of the will of the market manipulators.

[Trolfi]

if you were a whale you know what you would do

[abercrombie]

are we rich yet??    




Bitcoin is off to the races again

Equity research firm Wedbush expects it to rise to $600 because of the growing adoption. That target includes a "high discount rate to account for uncertainty," the firm says in a Nov. 4 research note.

[Hyperjacked]

Why is the hashrate dropping? Under 400 PH/s...

because the noise is driving me nuts...and decided that heating my camp with wood today would be more relaxing!