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

[tobacco123]

I think people are waiting to see what will happen now... The price will drop a bit I guess...

[Divitiae miserae]

Fiat, come to me.

[rjclarke2000]

Just crossed over into the green on the 1 HR moving average with no pump at all!
People aren't using this indicator anymore?

What does this mean BJA?

it means the upward momentum may be petering out.

It was going to happen at some point.

[ChartBuddy]

Coin



Explanation

[inca]

Now we find out if this is a bull market..place your bets

[Divitiae miserae]

Bullish in the medium time-frame, bearish now.
The Price Goes Down!

[billyjoeallen]

Now we find out if this is a bull market..place your bets

That entirely depends on what time frame you are looking at. We're still more than 50% down from the ATH.
Still have no scaling solution.

BTC can go up or down, but fiat is safe and pays a nice interest rate at much lower risk.

if BTC goes down 50% and then goes up 50%, you're still at 75% of where you started.

[unent]

can't wait for news from FED...

What time will we find out what their decision is?

I couldn't find out a probable announcement time from Google, only that an announcement is expected sometime today, and the stock markets are waiting with baited breath for it.

Will the announcement be good or bad for Bitcoin?

[Divitiae miserae]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

[Elwar]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

Bernanke suggests negative rates due to the success of doing so in Europe.
http://www.marketwatch.com/story/bernanke-says-fed-likely-to-add-negative-rates-to-recession-fighting-toolkit-2015-12-15?link=TDimage_4

[Elwar]

can't wait for news from FED...

What time will we find out what their decision is?

I couldn't find out a probable announcement time from Google, only that an announcement is expected sometime today, and the stock markets are waiting with baited breath for it.

Will the announcement be good or bad for Bitcoin?

http://www.marketwatch.com/story/us-stocks-eye-gains-as-interest-rate-hike-looms-2015-12-16
The Federal Reserve’s rate decision is due at 2 p.m. Eastern Time, followed by a news conference at 2:30 p.m. featuring Yellen.

[billyjoeallen]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

You may be right, but I give it a 51% chance that they will hike 1/8-1/4%.  Yellen knows that Jawboning only works so long before we stop believing her, so she might have to give it a little bump to maintain her credibility. She has said over and over that rates need to normalize and if she KNOWS that if markets get too addicted to cheap credit that they will never be able to normalize, because the crash would be catastrophic.

Fuck, I don't know. We'll see. It's gonna be something.

[lama-hunter]

Whats up guys

I think today will be a little decrease but tomorrow can also be a little increse
at all the price will icnrease it hink until 800$ in 2 months.

regards
lama-hunter

[Vahnt]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

I think it's all but a sure thing

I'd wager a 95% chance they hike today by 25 bps

the market will violently correct if this doesn't happen and the Fed will have lost face

[unent]

can't wait for news from FED...

What time will we find out what their decision is?

I couldn't find out a probable announcement time from Google, only that an announcement is expected sometime today, and the stock markets are waiting with baited breath for it.

Will the announcement be good or bad for Bitcoin?

http://www.marketwatch.com/story/us-stocks-eye-gains-as-interest-rate-hike-looms-2015-12-16
The Federal Reserve’s rate decision is due at 2 p.m. Eastern Time, followed by a news conference at 2:30 p.m. featuring Yellen.

Brilliant, so we have about four and a quarter hours left to wait. I have read innumerable opinions about what the FEDs decision will be, and what affect it will have on the Bitcoin market. Some say the price will go up, some say it will go down. All I'm sure of is something will happen to Bitcoin's price after the announcement.

[Torque]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

You may be right, but I give it a 51% chance that they will hike 1/8-1/4%.  Yellen knows that Jawboning only works so long before we stop believing her, so she might have to give it a little bump to maintain her credibility. She has said over and over that rates need to normalize and if she KNOWS that if markets get too addicted to cheap credit that they will never be able to normalize, because the crash would be catastrophic.

Fuck, I don't know. We'll see. It's gonna be something.

The U.S. market opened today with a gap up. It's possible (and with insider trading, likely) that an interest rate hike has already been priced in to the U.S. market.  If true, then HNW traders are going to have fun short squeezing the shit out of those who were counting on a massive drop.  At least for a couple days or more.  But then the market could just continue it's decline after that.  Who knows.

As for how it affects the current bitcoin market, I haven't a clue.  I'd like to believe that the funds pouring in would not be affected in the least.

[ahpku]

... Some say the price will go up, some say it will go down. All I'm sure of is something will happen to Bitcoin's price after the announcement.

This is exactly the kind of incisive market analysis I come here for.

[spooderman]

when did you become such a bear troll BJA?

[ChartBuddy]

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Explanation

[rjclarke2000]

I must be honest and say I quite like some of BJA's posts. Brings up some valid points