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

[marcus_of_augustus]

Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.

And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.

it's actually mark-to-model ... which is code phrase for "fantasy valuations", it's the only thing keeping the system solvent and people out of jail for criminally continuing to operate trading banks known to be insolvent.

[Cconvert2G36]

Volume is positively anemic right now. 

Barring a miracle, looks like those big bids protecting 300 are ripe for another test.

[ChartBuddy]

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Explanation

[MatTheCat]

Volume is positively anemic right now. 

Barring a miracle, looks like those big bids protecting 300 are ripe for another test.

Whales are loading up lorries. They want another panic sell off, down into thier prefered load up zone and will keep pushing for it until the selling pressure dies off and only they themselves are meaningfully selling into the Bid walls below.

If Bitcoin is going down in the imminent future, then we are looking at the $280 zone. That is where both the long term (from $150 - $500) Gann 2/1 support line is, and also where the 61.8% Fib retracement is from the same bottom to top. If there are enough panic sellers left, then that is where we are going and that is where the whales fill up their trucks, before allowing the market to cool for a period, before the next ramp.

[xxxxxzzzzz]

well ... another $20 loss per day and we're at 0 in 2 weeks ... it can only be slammed down so far for so long until the big dogs are just hurting themselves for no reason and doing irreparable harm to the price... ive gotta figure they don't want it below 300 this time ... a run from 300 something or 400 something to 800 900 1000 whatever at the halving is less distance and therefore easier and more believable than 150 200 ish to 800 900 1000 something ... just trying to think big picture and where they want it to be and when ...

[BlindMayorBitcorn]

Lookit! Can we please just come to some sort of consensus about what is going to happen in the immediate future regarding the price? It seems to me we would all stand to benefit under such an arrangement.

[galdur]

Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.

And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.

it's actually mark-to-model ... which is code phrase for "fantasy valuations", it's the only thing keeping the system solvent and people out of jail for criminally continuing to operate trading banks known to be insolvent.

Yeah, I was thinking of mark to model. Thanks and sorry about that.

[Cconvert2G36]

Lookit! Can we please just come to some sort of consensus about what is going to happen in the immediate future regarding the price? It seems to me we would all stand to benefit under such an arrangement.

You've heard the herding cats analogy?

Try a group of idealistic neckbeards, greedy rubes, good traders, bad traders, govt plants against fungibility, and a generous dusting of criminals and ponzi victims... huoo boy.

[BlindMayorBitcorn]

Attention alert! BitJohn has left Cryptsy.

https://bitcointalk.org/index.php?topic=1173703.msg12984497;topicseen#msg12984497

[marcus_of_augustus]

Besides, the FED is leveraged like 80-1. Where´s the tipping point? 100-1? 200-1? They can´t do any QE.

And their Wall St. owners are leveraged to the hilt as well. Everything is marked to market even totally worthless stuff. And there´s lots of that not least on the FED´s books after the last debacle and bailouts.

it's actually mark-to-model ... which is code phrase for "fantasy valuations", it's the only thing keeping the system solvent and people out of jail for criminally continuing to operate trading banks known to be insolvent.

Yeah, I was thinking of mark to model. Thanks and sorry about that.

no need to apologise ... it's good to know someone else is paying attention

[ChartBuddy]

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Explanation

[JayJuanGee]

Volume is positively anemic right now. 

Barring a miracle, looks like those big bids protecting 300 are ripe for another test.

I agree with you regarding a very considerable potential that $300 will be retested; however, you are way off base to assess volume as anemic.

look - about 5 hours ago, we witnessed a battle involving nearly 14,000 BTC on stamp over a period of about 90 minutes.

In the past 4 hours, we have also witnessed about an additional 3,000 BTC exchanged... relative to 14k, that is a smaller amount, but it is no where near any contextually accurate concept of "anemic."

[Cconvert2G36]

Volume is positively anemic right now.  

Barring a miracle, looks like those big bids protecting 300 are ripe for another test.

I agree with you regarding a very considerable potential that $300 will be retested; however, you are way off base to assess volume as anemic.

look - about 5 hours ago, we witnessed a battle involving nearly 14,000 BTC on stamp over a period of about 90 minutes.

In the past 4 hours, we have also witnessed about an additional 3,000 BTC exchanged... relative to 14k, that is a smaller amount, but it is no where near any contextually accurate concept of "anemic."

Will you look at that? JJG is NOT wrong, and is somewhat terse about it... Not sure how I feel about that yet.

That said... I don't trust stamp volume at all. Curiously enough, finex has the only volume that looks to be organic trading.

[jbreher]

The dollar ... is presently at a 7-year high and looking pretty healthy.

Only as measured against other crap fiat ponzi currencies. Try measuring it against something real.

In the world of the blind, a one-eyed man is as king.

[ChartBuddy]

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Explanation

[dragonseer]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.

I'll get behind Bitcoin again if the community proves itself smarter than this however.

[Cconvert2G36]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.

I'll get behind Bitcoin again if the community proves itself smarter than this however.

So you sold your coins because XT was thoroughly defeated, zero blocks of the last 1000 solved and a paltry amount of nodes...

Will you buy back if the max block size is 1MB in 2017?

[ChartBuddy]

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Explanation

[JorgeStolfi]

Is this fable about Criptsy?
http://forums.prohashing.com/viewtopic.php?f=11&t=655&p=2477

[ChartBuddy]

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Explanation