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

[inca]

Seriously, you guys are still counting BTC/CNY volume on Huobi and OKCoin? Get a clue.

Thinking is kinda what we do here now. Old-timer.

Calling me 'old timer' only adds to my point here. Nearly two years ago I left, when all of this Chinese bs was going on, and when I came back I expected was ample time for the Chinese to be completely capitulated and out of the market, and that that fake CNY volume would be completely debunked. In fact it is well known that the CNY volume is fake and it was even way back then. Coindesk doesn't even include those exchanges in it's calculation. USD and adoption are supposed to be running the show now, but here we still have jokers talking about how 'the imaginary chinese whale dumped his 80,000btc/cny on Huobi'.

Except that it's not USD and adoption running the show, if it were so then price would be sub 200$.
The largely fake Chinese volume, with apparently Huobi leading, is driving the price.

At what point do you realise that the market is right and it is you that is wrong?

[ChartBuddy]

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Explanation

[Wolf Rainer]

Got out at $441. Thinking about getting back in at $337. Money coming into exchanges tomorrow, but that wall on stamp is ugly sauce. Buy, hodl, or short?

Getting back in $337? Lol, so you will never buy bitcoins again. All this pumps to 470/500 are tests and acumulation, if me reach 600 it will never go back.

[adamstgBit]

Got out at $441. Thinking about getting back in at $337. Money coming into exchanges tomorrow, but that wall on stamp is ugly sauce. Buy, hodl, or short?

Getting back in $337? Lol, so you will never buy bitcoins again. All this pumps to 470/500 are tests and acumulation, if me reach 600 it will never go back.

I'm not talking about buying. I buy every month. Duh!
I'm talking about trading here, and yes, there is a difference.

333 is a bit of a pipe dream

[a7mos]

The price may reach 500 and break that level before the new year.
I'm optimistic these days :-D

[Trolfi]

go do it.

[inca]

Bid side looking a bit weak. I have to say the price looks like it wants to explode again..

[koryu]

Bid side looking a bit weak. I have to say the price looks like it wants to explode again..

imo its just western exchanges, china bids are pretty strong and rising:

http://www.bitcoinity.org/markets/btcchina/CNY
http://data.bitcoinity.org/markets/bidask_sum/30d/CNY/btcchina?bp=20&bu=c&r=hour&t=m

[peonminer]

Got out at $441. Thinking about getting back in at $337. Money coming into exchanges tomorrow, but that wall on stamp is ugly sauce. Buy, hodl, or short?

Getting back in $337? Lol, so you will never buy bitcoins again. All this pumps to 470/500 are tests and acumulation, if me reach 600 it will never go back.

I'm not talking about buying. I buy every month. Duh!
I'm talking about trading here, and yes, there is a difference.

..and then 15 minutes later the price jumps to $442.
Thanks for nothing, assholes.
Smoked a doobie and drank some whiskey, but I still can't decide on a move.
Fuck this. I got better shit to do than stare at charts, graphs, and screens all day.

[ChartBuddy]

Coin



Explanation

[SheHadMANHands]

waiting for more shorts to squeeze... 

[peonminer]

waiting for more shorts to squeeze...  

ATTN BEARSTOMPZ:

You can keep knocking her down, yet she will only get back up again. This time, stronger, more agile, and with more of your c0ainZ. Give up now, unless you want to lose everything.

[var53]

Is there any link for the longs/shorts ratios on Huobi and OKcoin?

I found a nice simple one for Bitfinex but I'm finding it harder to get anything good for the Chinese exchanges. OKcoin has a rudimentary chart on its site, but I couldn't find anything for Huobi. The Chinese exchanges are more important than Bitfinex, yet it's harder to get longs/shorts ratios for them.

This is the OKcoin link I found already.

https://www.okcoin.com/future/futureTop.do?type=1&symbol=0

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[TReano]

waiting for more shorts to squeeze... 

there are so shorts in the market... What do you want to squeeze...?

[Hyperjacked]

This is like watching paint dry ...

how's those shorts boys n girls...?

[inca]

All those but the troll turned bull who were shorting got wiped out already.

[BlindMayorBitcorn]

All those but the troll turned bull who were shorting got wiped out already.

I made a petition thread once to have NLC's permaban lifted. It got nuked. I don't care what any of you say (or what I may say in the future), the troll as you call him might be one of the sharpest tools in this shed.

Edit: he's still kind of a tool, tho.

[peonminer]

All those but the troll turned bull who were shorting got wiped out already.

Because they see this:





Breakout imminent.

Between 2:00 PM Central Standard Time (CST) - 5:00 PM Central Standard Time (CST) / 4:00 AM Monday, Hong Kong Time (HKT) - 7:00 AM Monday, Hong Kong Time (HKT)