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

[LFC_Bitcoin]

Surrender bears.

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical. 

[ChartBuddy]

Coin



Explanation

[ssmc2]

We are either going up or down or sideways. It is very clear from looking at the charts.

[marcus_of_augustus]

It's Monday morning in Shanghai.  The next 6 hours are critical. 

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

[pleaseexplainagain]

Surrender bears.

if anyone is not bearish short term ie for the next couple of months they need to stop drinking or drug taking as it is leading them down the wrong path. but hey we are all free to choose our paths - mine though does not end with a cliff

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

And here come the red bars on Huobi.  Couldn't have timed that better.

[galdur]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

[ChartBuddy]

Coin



Explanation

[wutizurkwest]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  If the world starts dumping USD for Yuan, they won't have to.

[Cconvert2G36]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  If the world starts dumping USD for Yuan, they won't have to.

[galdur]

It's Monday morning in Shanghai.  The next 6 hours are critical.  

http://news.yahoo.com/imf-experts-recommend-inclusion-chinese-yuan-elite-currency-010527771.html

So, will BTC go down because China dumps their hodlings, or will it go up as USD devalues?

Perhaps both?  First China dumps and we revisit $275.  When they run out inflation takes over again and we're back to $400 before you know it.

The dollar has been dying for as long as I remember, or so they´re always saying, but is presently at a 7-year high and looking pretty healthy. The FED will most likely be forced to start hiking rates in the near future which should be good for the greenback. I would imagine that this would be rather bearish for bitcoin. If it is a counter-trade to the dollar like most things that is.

image

Perhaps.  Looking at that chart, I can't help but think we're getting close to the other side of the hill.  I don't know if the Fed will raise interest rates or not next month, but I suspect they're thinking about more QE.  But if the world starts dumping USD for Yuan, they won't have to.

They can´t talk for over a year about raising rates because the economy has improved so well and then suddenly start QE4. Or is it 5? Granted, they have mentioned negative rates lately. But that´s Yellen, nobody on Wall St. takes her seriously. Goldman´s man at the NY FED, the real FED, seemed to state the other day that a hike is likely soon.

[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.

[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]

Coin



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.