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

[adamstgBit]

ya.. so 350 in the next 26 hours  

When volume is weak like this... why bid things up? What's the rush?

We were comfortable at $220 not that long ago, $320 is a hard pill to swallow without substantial changes in the atmosphere. We need resolution from the 200k gox dagger above our heads... then comes max_block_size increases and the halvening, everybody's just buying/selling discount or premium tickets to that, at the moment.

Edit: "Fine, bid things up then."

I'm not sure about whether as of yesterday I would have agreed that we had reach "low volume,"  because we need to look over a larger time-frame than merely a few hours of performance and the past several days have had volumes (on stamp) of well over 20k per day... which is very respectable.

Now, the current daily candle is adding up to a really low number. (maybe far lower than 10k, which certainly meets a definition of "low" on a daily scale).. and I wonder if we are going to experience a few low days like this, or if there are some big players waiting in the wings to continue the BTC price battle.

If trade volume stays down like this for several days, then possibly the BTC market would be content with a mid $320s floating point? 

I still tend to conclude that if BTC trade volume has truly gone down then traders are relatively happy with the current price point.  Accordingly, we have to wait a few days to verify whether interest in trading has really and truly subsided.

I predict that it's more likely than not that we are going to witness additional battling over the price and BTC price surges (of 8% or more up or down) on or before black friday....

maybe 70% yes and 30% no.... Any thoughts?

@ Adam:     maybe a new poll is in order, no?

low volume?
its the weekend...

[JayJuanGee]

[im g]http://s30.postimg.org/fkdulerlt/Untitled.png[/img]

NO PROBLEM I LIKE YOUR PREDICTION

 


i think it's something special to know it
make me scared if i did'nt have 1BTC

not sure why anyone would have anything less then like 5%. in BTC and why not some ETH and GGGcoin LOl

1% to 10% seems completely reasonable for us who have some knowledge of bitcoin, and even .1% would substantially move bitcoin prices into the $100k + per coin territory.

Probably, it is going to take a bit of time (how much time is the thirty two thousand dollar question..     ) for a larger number of "regular" people to recognize some of the hedging value potential of BTC.

[ChartBuddy]

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Explanation

[lemmyK]

http://www.pcmag.com/article2/0,2817,2495369,00.asp       

[galdur]

OSHA DANGER Erection In Progress Sign ODE-8084 Construction

https://www.compliancesigns.com/ODE-8084.shtml

Yeah, I guess it has to do with construction

[Morecoin Freeman]

Higher prices on Sunday!

[ChartBuddy]

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Explanation

[Dotto]

Another trade opportunity.

Are you putting your money where your mouth is?

To me seems risky

[Sitarow]

Two weekends in a row has been rather uneventful.

[BlindMayorBitcorn]

Don´t recall calling it a false flag. Why don´t you show me where I´m supposed to have done that.

So you're not? Sorry, confused you with someone in this thread. Apologies.

You should take a gander at what's happening in this thread. Wild stuff, man.

[noone000]

Shorting is very risky, I'd hold all my coins. Not worth the risk of trade in 300's.

[abercrombie]

Another trade opportunity.

Are you putting your money where your mouth is?

To me seems risky

Yea, would take some balls to short here at 327, even though we saw 309 a couple days ago.

Margin shorts vs longs on Bitfinex and OkCoin suggests probable upward movement once the work week begins.  

[owlcatz]

Two weekends in a row has been rather uneventful.

Hey can you share the name of that site/panel, that's really cool! Thanks!

[TReano]

Shorting is very risky, I'd hold all my coins. Not worth the risk of trade in 300's.

well in the end it doesn't matter if you go long or short leverage... As long as it moves.

I don't understand your sentence... Why would shorting be "very risky"?

[Sitarow]

Two weekends in a row has been rather uneventful.

Hey can you share the name of that site/panel, that's really cool! Thanks!

BTCcharts I exported that layout# 1378 if you wish to use it once you login

[ChartBuddy]

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Explanation

[owlcatz]

BTCcharts I exported that layout# 1378 if you wish to use it once you login

Sweet, thank you kindly!

[adamstgBit]

look like we might see 350 on monday

[BlindMayorBitcorn]

look like we might see 350 on monday

Maybe 360, but later on in the day

370 by sunset, definitely.

[ChartBuddy]

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Explanation