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

[celebreze32]

So anybody knows wtf is happening at Coinbase 

I also would like to hear people's wisdom on this.

I don't know why, but its had its highest volume for a long time over the last day. It's strange because the price hasn't gone up or down too dramatically. If I didn't know better I would think someone's trying to artificially inflate its volume with wash trading, but it's a regulated exchange so that's impossible, right?

[hunnaryb]

So anybody knows wtf is happening at Coinbase 

I also would like to hear people's wisdom on this.

I don't know why, but its had its highest volume for a long time over the last day. It's strange because the price hasn't gone up or down too dramatically. If I didn't know better I would think someone's trying to artificially inflate its volume with wash trading, but it's a regulated exchange so that's impossible, right?

Well they can still wash trade if they use different accounts

[acquafredda]

So anybody knows wtf is happening at Coinbase 

I also would like to hear people's wisdom on this.

I don't know why, but its had its highest volume for a long time over the last day. It's strange because the price hasn't gone up or down too dramatically. If I didn't know better I would think someone's trying to artificially inflate its volume with wash trading, but it's a regulated exchange so that's impossible, right?

Regulated or not I think coinbase works on a fractional-reserve base like any other bitcoin proprietary exchange out there. Most evident us of this system happens in China as we know it but it happens as well on EU/USA exchanges.
So, maybe you're right, someone's trying to inflate the volume.

[Fatman3001]

So anybody knows wtf is happening at Coinbase 

I also would like to hear people's wisdom on this.

I don't know why, but its had its highest volume for a long time over the last day. It's strange because the price hasn't gone up or down too dramatically. If I didn't know better I would think someone's trying to artificially inflate its volume with wash trading, but it's a regulated exchange so that's impossible, right?

Or hide volume on coinbase since nobody's really watching them. Could just be that it's the best place for americans to get coins.

I'm just thinking out loud here.

[LFC_Bitcoin]

Nice little 11 (ish) USD rise today. Consolidating above 400 & staying there over the festive period would be bullush imo. It's not moon time & all that jazz but stability is key for us to gain trust & added interest from average joe. I wouldn't mind going sideways for a month or two now.

[becoin]

So anybody knows wtf is happening at Coinbase 

I also would like to hear people's wisdom on this.

Don't keep large amounts of bitcoins on your bitcoin exchange account. Don't forget MtGox. Sooner or later, one way or another, your bitcoins will be confiscated by panicking state or quasi-state actors. 

[peonminer]

New Jersey extends bear hunt for first time
http://www.northjersey.com/news/new-jersey-extends-bear-hunt-for-first-time-1.1473225

Round up all of them bear-boys and hang em high in the streets, for all the traders to see

https://youtu.be/o1JOFhfoAD4

We'll raise up our glasses against cabal forces, singing, whiskey for my traders, beer for my pwnies

[ChartBuddy]

Coin



Explanation

[Sitarow]

Perhaps some think this is next

[brg444]

Perhaps some think this is next

 

[Tzupy]

Perhaps some think this is next

Possible if the flow of fiat into Chinese exchanges stops, but there is no evidence of this yet.
So far IMO this may or not push a but higher, then deflate over 3 - 4 days and test support at 400$, after that we'll see.

[peonminer]

Perhaps some think this is next

[TQMA]

Coinbase HUGE volume?? very abnormal for "Coinbase", daily avg 5k a 7k???!

[ChartBuddy]

Coin



Explanation

[peonminer]

TQMA, possible that is a whale investor buying straight from Coinbase, sidestepping the exchange aspect. BTCitcoin proved over the weekend that we are not going sub $420 for a looooonnngggg time. FOMO has begun.

[JayJuanGee]

So anybody knows wtf is happening at Coinbase  

I also would like to hear people's wisdom on this.

Don't keep large amounts of bitcoins on your bitcoin exchange account. Don't forget MtGox. Sooner or later, one way or another, your bitcoins will be confiscated by panicking state or quasi-state actors.  

Or, just, you know ...vanish with no state intervention whatsoever. Like they did on Gox. And Bitfunder. And...

Recently Coinbase has been engaging in various promotionals to lower fees and increase their volume, so it should be no secret NOR conspiracy that their volume would likely increase, in part, because of their promotional efforts.

[Fatov]

This explains you bunch to a T https://youtu.be/DOPfoN7dYpc?t=10m

thanks for the vid.

Hey now, don't let my secrets out too much

Roll that beautiful bean footage.  

Confirmed long pwnie run

Without correction?

[JayJuanGee]

So anybody knows wtf is happening at Coinbase  

I also would like to hear people's wisdom on this.

Don't keep large amounts of bitcoins on your bitcoin exchange account. Don't forget MtGox. Sooner or later, one way or another, your bitcoins will be confiscated by panicking state or quasi-state actors.  

Or, just, you know ...vanish with no state intervention whatsoever. Like they did on Gox. And Bitfunder. And...

Recently Coinbase has been engaging in various promotionals to lower fees and increase their volume, so it should be no secret NOR conspiracy that their volume would likely increase, in part, because of their promotional efforts.

And, look at the below link also,

https://bitcoinity.org/markets/list?currency=ALL&span=24h


Coinbase has moved up in volume, they have removed some fees (on the buying side) they have promoted their lowered fees, and they have likely been successful in attracting high volume players but they are no where near the volumes of O.k coin and huobi

[peonminer]

Without correction?

We just saw our $400-$500 correction/bear trap.

Bear trap correction in $500-$600 range comes after this:



Then it's on to have 'the correction' in the $620-$630 range (high range would be $630-$680).

[fisheater22]

Recently Coinbase has been engaging in various promotionals to lower fees and increase their volume, so it should be no secret NOR conspiracy that their volume would likely increase, in part, because of their promotional efforts.

Kids say the darnedest things.



^ https://cryptowat.ch/coinbase/btcusd/4h