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

[chesthing]

Another trade opportunity.

I covered half and holding the rest and will see what will happen.

Hard truth: Nobody here knows anything more than you. Charts are a waste of time.

Hard truth you need to know who to read chart b4 you start trading bitcoin.

Nah, I'm pretty sure you and your charts aren't any better off than some bum off the street who never heard of btc - but if it makes you feel better keep analyzing.

[adamstgBit]

Another trade opportunity.

I covered half and holding the rest and will see what will happen.

Hard truth: Nobody here knows anything more than you. Charts are a waste of time.

Hard truth you need to know who to read chart b4 you start trading bitcoin.

Nah, I'm pretty sure you and your charts aren't any better off than some bum off the street who never heard of btc - but if it makes you feel better keep analyzing.

why was there so much buyin at 500? because everyone sucks at TA and they end up panic buying and then its gone.

if have some idea how to draw lines on charts you should be able to make a few bucks flipping BTC/USD

[chesthing]

Another trade opportunity.

I covered half and holding the rest and will see what will happen.

Hard truth: Nobody here knows anything more than you. Charts are a waste of time.

Hard truth you need to know who to read chart b4 you start trading bitcoin.

Nah, I'm pretty sure you and your charts aren't any better off than some bum off the street who never heard of btc - but if it makes you feel better keep analyzing.

why was there so much buyin at 500? because everyone sucks at TA and they end up panic buying and then its gone.

if have some idea how to draw lines on charts you should be able to make a few bucks flipping BTC/USD

Ever heard of fake volume? that's when some guy on an exchange bats his own 100 or so btc back and forth, over and over and over to himself. Very easy to do with no trading fees like Huobi, for instance. Gee, isn't that the exchange that drove that pump?
Little look at your post history looks like you are a bulltard that thinks we are going up up up. I think you are wrong, but you know what? toss a fucking coin because wtf knows.

[adamstgBit]

Another trade opportunity.

I covered half and holding the rest and will see what will happen.

Hard truth: Nobody here knows anything more than you. Charts are a waste of time.

Hard truth you need to know who to read chart b4 you start trading bitcoin.

Nah, I'm pretty sure you and your charts aren't any better off than some bum off the street who never heard of btc - but if it makes you feel better keep analyzing.

why was there so much buyin at 500? because everyone sucks at TA and they end up panic buying and then its gone.

if have some idea how to draw lines on charts you should be able to make a few bucks flipping BTC/USD

Ever heard of fake volume? that's when some guy on an exchange bats his own 100 or so btc back and forth, over and over and over to himself. Very easy to do with no trading fees like Huobi, for instance. Gee, isn't that the exchange that drove that pump?
Little look at your post history looks like you are a bulltard that thinks we are going up up up. I think you are wrong, but you know what? toss a fucking coin because wtf knows.

http://www.coindesk.com/bis-digital-currencies-could-disrupt-central-banking-model/

up

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[Rallye]

Does anyone here ever actually talk about the price movement? 

Hard truth: Nobody here knows anything more than you. Charts are a waste of time.

Mid-long term, yes.  Short term, there are plenty of patterns and indications to follow and make money off of if you watch closely and choose carefully.

[ChartBuddy]

Coin



Explanation

[CrimBit]

very stable price it's good

[dloghwak]

very stable price it's good

It's boring.

[JayJuanGee]

Ever heard of fake volume? that's when some guy on an exchange bats his own 100 or so btc back and forth, over and over and over to himself. Very easy to do with no trading fees like Huobi, for instance. Gee, isn't that the exchange that drove that pump?
Little look at your post history looks like you are a bulltard that thinks we are going up up up. I think you are wrong, but you know what? toss a fucking coin because wtf knows.

For the most part, Stamp is the exchange leader when it comes to volume, so if you are getting your volume numbers from exchanges without fees, you are looking in the wrong place.

Accordingly, since huobi's volume is not reliably legit, I doubt that it is very accurate to assert that Huobi was leading "that pump."  correlation is not causation.

You are likely somewhat correct when you assert that none of us really know for sure about the short-term price direction of bitcoin, yet each of us can make certain preparations to buy if the price goes down and sell if the price goes up, to attempt to prepare for either direction and to continue to accumulate BTC, that is if you have any positive sense of the longer term future of bitcoin.

If you do not have any positive sense of the long term direction of bitcoin, then maybe it would be better to find another hobby that is a bit less frustrating - especially when it comes to some of the surprises and seemingly built in volatility at this relatively low market cap.

[Mervyn_Pumpkinhead]

very stable price it's good

Good for what? Not for trading at least... if you're not into blind gambling, then you'll start to play only after there is some observable momentum.

[ChartBuddy]

Coin



Explanation

[LMGTFY]

very stable price it's good

Good for what? Not for trading at least... if you're not into blind gambling, then you'll start to play only after there is some observable momentum.

I keep seeing this "stable prices not good for trading" line. Have BTC traders developed a very limited definition of trading that ignores derivatives?

[CrimBit]

very stable price it's good

It's boring.

for me it's very good

[Tstar]

very stable price it's good

It's boring.

It's good for merchants right now: they know what they earn and they don't have to worry about the socalled volatility. For traders, maybe. It depends on what kind of trader one is. But generally no it's quite boring. Even bitcoinwisdom loses interest these days.

[macsga]

China breaks up $64 billion underground banking: state media

Chinese authorities have uncovered the country's biggest underground banking case involving transactions totalling more than 410 billion yuan ($64 billion), official media reported, part of a drive to combat illegal capital outflows.

The investigation, which started in September and focused on the costal province of Zhejiang, found that dozens of Hong Kong-registered shell companies forged more than 1.3 million fake transactions to transfer money offshore, the official People's Daily reported on Friday.

China started cracking down on underground banks in April and has so far uncovered more than 170 cases of money laundering and illegal fund transfers, involving more than 800 billion yuan ($125.34 billion). The cases come as capital outflows reach hundreds of billions of dollars, triggering alarm in some circles.

A hundred suspects from eight gangs were detained in the latest case, the official Xinhua News Agency said.


http://www.reuters.com/article/2015/11/20/us-china-crackdown-capital-idUSKCN0T906C20151120#7b3rLrqx7s8iE1xh.97


Am I the only one that sees a new BTC pump soon?

[Mervyn_Pumpkinhead]

I keep seeing this "stable prices not good for trading" line. Have BTC traders developed a very limited definition of trading that ignores derivatives?

Bitcoin dependent alts like ltc, ppc and nmc are basically the bitcoin derivatives that I've been mostly trading. You don't want to go into more complicated schemes in the market that has strong transparency issues and issues with lack of regulation. That's how you get lured into things that are not useful to you. Keeping it simple and following the current momentum of the market is the most foolproof way of trading crypto.

[Dotto]

China breaks up $64 billion underground banking: state media

Chinese authorities have uncovered the country's biggest underground banking case involving transactions totalling more than 410 billion yuan ($64 billion), official media reported, part of a drive to combat illegal capital outflows.

The investigation, which started in September and focused on the costal province of Zhejiang, found that dozens of Hong Kong-registered shell companies forged more than 1.3 million fake transactions to transfer money offshore, the official People's Daily reported on Friday.

China started cracking down on underground banks in April and has so far uncovered more than 170 cases of money laundering and illegal fund transfers, involving more than 800 billion yuan ($125.34 billion). The cases come as capital outflows reach hundreds of billions of dollars, triggering alarm in some circles.

A hundred suspects from eight gangs were detained in the latest case, the official Xinhua News Agency said.


http://www.reuters.com/article/2015/11/20/us-china-crackdown-capital-idUSKCN0T906C20151120#7b3rLrqx7s8iE1xh.97


Am I the only one that sees a new BTC pump soon?

If only 1% ends in BTC would be a nice pump, but I don´t see it yet.

Long sideways coming

[Dotto]

I keep seeing this "stable prices not good for trading" line. Have BTC traders developed a very limited definition of trading that ignores derivatives?

Bitcoin dependent alts like ltc, ppc and nmc are basically the bitcoin derivatives that I've been mostly trading. You don't want to go into more complicated schemes in the market that has strong transparency issues and issues with lack of regulation. That's how you get lured into things that are not useful to you. Keeping it simple and following the current momentum of the market is the most foolproof way of trading crypto.

The point is that current market has no momentum. At all.