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

[ChartBuddy]

Coin



Explanation

[peonminer]

             https://youtu.be/9jK-NcRmVcw

[mladen00]

wake me up on ath

[billyjoeallen]

Coin



Explanation

Look at those walls, bulls. Market buy after market buy and the price is actually going Down.  Now's you chance to buy with minimum slippage. 

Bears are placing limit orders to minimize slippage.  That's what we have to do with the bid order book so thin.

[Fatman3001]

Walls at 450 on almost all the exchanges. I know I said I would never short again, but under these conditions, it seems logical to do so.

[Cconvert2G36]

Might not be a coincidence that the volume spike on Coinbase took place the day this went into effect?

https://blog.coinbase.com/2015/12/08/coinbase-exchange-introduces-volume-based-rebates/

Going from 0.25% to 0.1% taker fees doesn't seem like all that great of an incentive to do this?

[TERA]

It looks like a glitch.  How could that suddenly happen in such a tiny exchange without causing any volatility at all or affecting other exchanges.

[ChartBuddy]

Coin



Explanation

[TERA]

[JimboToronto]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

[gizmoh]

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

Coinbase is regulated and I think their reported volume is more likely to be accurate.  Volume like that may indicate a sea change.

This was a Bot ( most probably gone rogue ) but it was definitely not natural demand/ supply.

see 1 min chart for coinbase below

[peonminer]

[Fatman3001]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

nerves of steel

respect

[TReano]

mhh looks like we are topping out here at 450$...

let's see if it will be followed by a consolidation phase or a bigger retrace. 

My body is ready

[Bitfirm]

we're still trending up, so respect to those who have courage to short
The question here is are we going through 500 barrier or some sort of triple-top will form again

[TReano]

we're still trending up, so respect to those who have courage to short
The question here is are we going through 500 barrier or some sort of triple-top will form again

I am pretty sure not many people are shorting here..  Most of the sells are taking profits from longs which is totally reasonable after a over 100% move...

[Karartma1]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

Too many John Wayne around, proof or it didn't happen.

[conspirosphere.tk]

fed meeting is weds.. raise rates or not to raise rates.. bitcoin is up while gold and silver is down.. buy silver now while it is under 14.00 or buy bitcoins over 440.00 ?? i do not believe they will really raise rates. either way weds is the day we will find out and see what happens. i have this feeling that metals is going to get harder to obtain. i was in a shop today that had 2015 silver eagles priced at $19.00 if buy 100 or more coins.. that is still a good price at $5.00 over spot if you consider silver was $30.00+ a few months ago.. although the same shop had engelhard 100oz bars for $15.50 an oz if you bought more than one. which btw.. they stopped making 100oz engelhard bars in 2006. .. coinbase has bitcoins at $446.00 each. which is best deal ??........

The best is probably having some of both -after keeping a 30% in cash for the moment. imho gold and silver could keep dropping for a few months more, maybe another 20% or so. This looks like a good time to stack some silver if you assume that the downside risk should be contained. But as an hodler of PM since 2007 I kept wrong assumptions about downside risk for a long time -not to speak about my hodling bitcoins :-D

About the upside potential, my bet is on bitcoins atm. But I'm ready to trade some btc for PM when btc overshoots or when my view will change.

[ChartBuddy]

Coin



Explanation

[aztecminer]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

i am at all time high levels of awesomeness after scoring 100oz englehard bars ... my cost average dropped significantly today.... i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day. read this:

"No matter where you look there are reasons to be very “bearish on the world”.  Whether it be equities, credit, derivatives, or nearly anywhere geographically, the risk versus reward is highly skewed toward digging a hole and covering yourself with a rock!  …And these are the known risks!" http://www.jsmineset.com/2015/12/13/this-week/



why did bitchcoin unable to break 400 during the greece crisis ?? there is something wrong in bitchcoinland. everything is down...except...bitchcoin.