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

[Torque]

^{(Reddit readers will get the joke)}

[Miz4r]

So it's not the auction and brexit? It was exchange issues?

It's none of those, it's just a normal correction within a bull trend. Anything could have been the trigger for this correction, but in TA terms the trigger for me was when we broke down from the ascending triangle yesterday.

[strawbs]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

[Miz4r]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

[inca]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

That remains to be seen. A strong bounce back up over 700 in the next 24 hours would secure the immediate trend.

Watching :-)

edit: bitfinex charts are bonkers

[soullyG]

Never feel quite as alive as during a big Bitcoin price change

[BlindMayorBitcorn]

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

[belmonty]

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

I hate it when bitcoinity screws up so badly that it can't keep up with the price. I thought Huobi had gone offline until I switched to bitcoinwisdom. As for coinmarketcap, relying on its up to date prices cost me money one time when it was hours out of sync.

[noobtrader]

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

i started to think that btc price rise were pumping  for the Australian auction  

[Tzupy]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.

[inca]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.

You always believe the price will fall or any rally is a bull trap. We are at $679 dollars, Tzupy. You were bearish at 200$ :-)

[MySecondCunt]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.

You always believe the price will fall or any rally is a bull trap. We are at $679 dollars Tzupy. You were bearish at 200$ :-)

Because fundamentals. The implosion is not a question of if, but when.
That said, we might see a bit of an upblip today, but down below current price within 48hrs.

[JimboToronto]

Good morning Bitcoinland.

Just got home after running out first thing this morning to take advantage of the buying opportunity. Could only afford a single coin at $670USD/$859CAD because I'm a little tight for cash at the moment, but every coin helps.

Obviously Finex is phukt, but I thank them for screwing up again and dragging the price down even lower than last night. I was worried I'd missed the chance to buy below $680.



I sure am glad I don't use online exchanges. Learned my lesson with Gox. It's paper wallets for me.

Okay, we can go up now.  

[minerpumpkin]

I sure am glad I don't use online exchanges. Learned my lesson with Gox. It's paper wallets for me.

Okay, we can go up now.  

But where do you get your coins? I mean, transferring them instantly to a paper wallet is best practice if you're in for the long run, but you first have to obtain them.

[savetherainforest]

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap.

You can sell... but DiCaprio will have your pelt! It will be on you!




I can only see it going up! ... $1000+ / BTC

[JimboToronto]

I sure am glad I don't use online exchanges. Learned my lesson with Gox. It's paper wallets for me.

Okay, we can go up now.  

But where do you get your coins? I mean, transferring them instantly to a paper wallet is best practice if you're in for the long run, but you first have to obtain them.

I got my coin this morning from a LaMassu ATM at Toronto Gold on Bloor St. near Ossington. Their fees are as low as you'll find in Toronto and it is fully anonymous.

Unfortunately, it doesn't have a printer so there's no receipt and you have to bring your own paper wallet or mobile device with a wallet program for the ATM to scan. I print my own paper wallets on a PC and printer that have never been and cannot be connected to the internet. Printer spooling buffers can be hacked.

[inca]

Not much of a bounce here. Perhaps we do venture lower.

[savetherainforest]

Not much of a bounce here. Perhaps we do venture lower.

Statistical impossibility!  

*Edit:




*Edit No.2:

[rjclarke2000]

Not much of a bounce here. Perhaps we do venture lower.

Statistical impossibility!  

*Edit:




*Edit No.2:

I wish you were correct

[inca]

We just dropped through that trendline. This may be about to get nasty.