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

[Alley]

I think alot of people are borrowing money to buy stocks.

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[Cconvert2G36]

Speaking of borrowing money, almost $1 mil opened on finex to fuel that bullgasm.

Funny how okcoin had to kill the volumizer when things started going.

[dropt]

Speaking of borrowing money, almost $1 mil opened on finex to fuel that bullgasm.

Funny how okcoin had to kill the volumizer when things started going.

Talking BFX, the longs came after the rise.

[ChartBuddy]

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Explanation

[medialab101]

Speaking of borrowing money, almost $1 mil opened on finex to fuel that bullgasm.

Funny how okcoin had to kill the volumizer when things started going.

Talking BFX, the longs came after the rise.

And a bunch of short opened too after the rise  ~800BTC. Shorts now stand at 16.5K

[bad trader]

wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?

Someone could be trying to prop the price up.

Huobi:


And it probably involves lent money (even if it started before all the money was lent).

Bitfinex USD swaps:

[Arcteryx]

what ever they did it worked well. $30 increase in a day means beans for dinner in our family  
I speculate if any further bad news from china will raise it even further  

[dropt]

And it probably involves lent money (even if it started before all the money was lent).

Money was lent after the initial pump happened.  Shorts only went up by a couple hundred BTC (Short is a good call IMO) after the pump.

Either the new longs are underwater already, or it was just borrowed and never used.  If this is the case, then it might be to entice stop hunters to sell into Mr. Acummulator and co's bids.

[PoolMinor]

Woah!

[MatTheCat]

And it probably involves lent money (even if it started before all the money was lent).

That pump was engineered without a penny being put into Bitcoin.

See my 'Painting the Tape' thread: https://bitcointalk.org/index.php?topic=1317888.msg13471784#msg13471784

On the back of 'fundemantal news' regarding the Chinese 7% Stock slide and subsequent 2nd day of suspended trading, those with privileged/faster access to CNY Bitcoin exchange servers, have basically played pass the parcel with large chunks of BTC down in a low range, before pumping. The HUGE volume paints an illusory bullish picture of support and interest in Bitcoin down at the range in which it occured, just as it will manipulate volume based indicators, which bots may be using in their trading algorithms.

I calculated that around 95% of the HUGE volume on the 1Hr break out candle, was actually just bullshit paint the tape volume, down at the base of the candle. But as always, when the CNY market moves, USD follows it and yeah...look at that spike in margin for long positions on Finex.......those guys who have jumped into margin Longs, are most likely fucked! And the margin calls / covering on the way down, should make for quite a brutal spike, as those who manipulate this market remove thier support as they start to sell off.

[marcus_of_augustus]

... and yeah, the shorts smell desperate and think it is going to drop precipitously. Anything else you want to add chumps?

[ChartBuddy]

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Explanation

[peonminer]

HERE WE GO AGAIN


FUCKIN HIPPIES


JESUS LIVESSSSSS

[AZwarel]

Actually, the USD price is up more by % than the CNY. Even thought CNY drops vs. the  USD. So, it is not a china pump. Someone with dollars just buying a few thousand coins. Volume seems low, because there is not any sells, just buys basically.

While i wrote this bitstamp rose another 4$ with 1k buy volume (almost only buying, no selling at all).

[AZwarel]

And 450 breached Good morning wood green dildos (if you are in EU).

[JayJuanGee]

Whether your attempt at parody is effective or not, maybe some readers will decide in your favor?     


As to your point regarding relevance, surely some readers are going to arrive at varying conclusions, and yet there is some objectivity that some conclusions are more convincing than others. 

When we post, each of us needs to decide the extent to which we believe our ideas are relevant or sufficiently contained within a space to contribute or to communicate value, and sometimes, the point of some poster's post will be to accuse another of irrelevance or disingenuiness... which was part of my point regarding the recent string of Aztecminer's PM advocating posts.

I honestly don't know if you're joking, but I'm loling like a mofo!

Kudos!

hehehehe...


Yes, ARGUABLY, I do have a "sense of humor."         

[Cconvert2G36]

Dropt was right, there goes the $1 mil 

[JayJuanGee]

... and yeah, the shorts smell desperate and think it is going to drop precipitously. Anything else you want to add chumps?

Yep, and it's probably going to get worse, when there are continued and failed attempts to short further.

In essence, you gotta keep some BTC in the game...

[macsga]

China "success" story has been developed for quite a few months now. It would be churlish to give away what happens next, but it’s clear that we're heading for glory within the cryptoland....

[ChartBuddy]

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Explanation