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

[kobilica]

Maybe a bug, yeah.

[Dafar]

time to SNAP UP the cheap coins??

Well, we are well below your cheap coin target....

Adam's Cheap Coins Target: 649.99

So shouldn't you be on a buying frenzy right now? 

[kobilica]

Buying frenzy is about to start.. it already started I think.

[Pbitcoin]

Buying frenzy is about to start.. it already started I think.

Some body said the floor was $615 and it has been sitting there for a while now with minimal movement.
So buy them up if you afford too. The SwInG is about to occur very soon.

[Edward Snow]

615 is holding, I think it's time to rebuy what I sold earlier and idk about 520ish it's a bit low even for August (dead season trading) and in addition we have a bigger by the day transaction volume which looks promising.

[JayJuanGee]

Barry shilbert and Peter toad...thanks for damaging crypto and BTC.

Hey Pumpy....


You mean that you are not here pumping that not to be named coin?  In comparison, bitcoin is in very decent shape,and really on track to keep prospering with security.    No need to playing around with various attempts at irrelevant and distracting personal attacks.

yoyo jj, not even a hello  ...hope all is well m8 

I said hello to you a few weeks ago, but my post got deleted... I think that my post was too much related to that unspoken thingie magigie.. if you could just stay "on topic," that would help me a lot..

Thanks uuu  a zillion, m8ie. 

lol anything for u jj ,  isnt this on topic? 

anyways i see btc heading towards $500 now, ive been expecting it for a while, all that was required was a lil push.

You mean upper $500s, like breaking below $600 or do you literally mean getting close to $500?

You could be correct if you just suggest that we could break into the upper $500s, but getting to the lower $500s seems like there would be quite a bit of a struggle for that, no? 

Accordingly, there seems to be quite a bit of buying support in these supra $600 price levels, no?

upper $500 will be tested and im very sure lower $500 like around $520s is very possible, i dont see a big struggle to $560 at all.
I hate to say this but crypto is looking like a big joke just now to outsiders.

1) Upper $500s is looking more possible, after today's additional dip. 

2) I agree breaking through the upper $500s could likely bring prices lower, but I do believe that there would be resistance in the $540 to $560 price range 

3) That unnamed coin may be looking like a bit of a joke, and there may be some implications on bitcoin (guilt by association), but really I would consider this to be a kind of normal correction that is not really any kind of deep damnation of bitcoin 

4) Personally, I think that bitcoin is still in bullish trend so long as prices do not go below $420-ish, and I believe it would take quite a bit of negative and momentum and maybe just pure downward manipulation attempts (possibly at a loss) to bring prices even close to those levels, and like I said, I expect considerable resistance in the mid-$500s - and even with that, BTC prices do need to break through the resistance in the lower $600s, too, which is really nothing to sneeze at... am I NOT KORect?              

[var53]

This is today (hours ago) from Kraken.

What is this?

Top price of both candles were 589.30300€

Does this number means anything or is someone just fucking with my head?

A bug maybe?
I don't know. Weirdest things happen ^^

I have witnessed weird things on the Kraken, like a day or two before the 2015 crash down to $150 on all the other exchanges. On the Kraken somebody briefly dumped the price down to that level two days in advance when the price was far higher elsewhere. The dump was over in seconds, but the buyer got dirt cheap coins. The Kraken has thin markets, but that trade struck me as weird nevertheless.

If we're lucky those Kraken 589.30300€ candles might be an indicator of the price on all the other exchanges in a few days.

[Agaguk24]

Wow, I wasn't looking at the BTC price for a few hours and this happens...

[BlindMayorBitcorn]

Aren't you busy making money hand over fist in a certain other token? I thought you were an insider. 

[tempus]

Is there any reason besides the more or less normal market for the price decline?

Could it be that the rumors about Coinbase have some impact on the price?

For those who don't know what I mean:

https://www.reddit.com/r/Bitcoin/comments/4ura14/is_coinbase_insolvent/

And this is highly biased, but gives a good overview about potential problems (I'm not saying that are facts):

https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent




Edit, because actual: https://www.reddit.com/r/Bitcoin/comments/4vouto/coinbase_blocked_my_withdrawl_even_after_i/?


Edit 2, statement after the ETH-HF: https://medium.com/the-coinbase-blog/on-the-ethereum-hard-fork-780f1577e986#.t5cmkg6la

[Lionidas]

Does anybody see it going below $600 within the next 24 hours?
This is very sad very sad indeed 

[BlindMayorBitcorn]

Does anybody see it going below $600 within the next 24 hours?
This is very sad very sad indeed 

Fatty's charts say we're headed back to $450. fwiw

[JayJuanGee]

Does anybody see it going below $600 within the next 24 hours?
This is very sad very sad indeed 

I can see it, but I wear glasses, too.

[tempus]

Is there any reason besides the more or less normal market for the price decline?

Could it be that the rumors about Coinbase have some impact on the price?

For those who don't know what I mean:

https://www.reddit.com/r/Bitcoin/comments/4ura14/is_coinbase_insolvent/

And this is highly biased, but gives a good overview about potential problems (I'm not saying that are facts):

https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent




Edit, because actual: https://www.reddit.com/r/Bitcoin/comments/4vouto/coinbase_blocked_my_withdrawl_even_after_i/?


Edit 2, statement after the ETH-HF: https://medium.com/the-coinbase-blog/on-the-ethereum-hard-fork-780f1577e986#.t5cmkg6la

My own conclusion for now is that it's possible that they've "lost" funds but I it would be too early for the bitcoin-market to react on those rumors. And for now I don't believe lost ETC-funds would lead into an insolvency.

https://www.reddit.com/r/Bitcoin/comments/4vl5gd/coinbase_has_all_funds_to_cover_user_deposits/


But, not sure - I would like to hear other opinions.

[silverfuture]

Does anybody see it going below $600 within the next 24 hours?
This is very sad very sad indeed 

I'm betting down to somewhere around 420$ USD in the short term.  I think she'll be vigorously defended there and then rise to ATH in a long and steep bull run.

From where are you getting these figures, from out of your ass?

That is a pretty low amount, and didn't you already notice that $600 had been tested several times in the past month, and only successful once.. Sure it is possible to go down to $420, but that would almost be borderline territory in reversing the bull trend... but that is not what you are saying.  In the end, we gotta get by $500 first and even $550 and $600, so there are a few challenges before even getting to the $400s.

Pretty much...but a little before anything comes out the ass, gut instinct kicks in!  Probably more realistically high 400's. Within a range but I think it's a leg down before more up. Everyone's had a taste of the bull and wants more but patience is likely a virtue this summer.

[Alley]

Post halving dump from people expecting to get rich because of the halving. 

[ask]

Post halving dump from people expecting to get rich because of the halving. 

++

[SilverSwan]

The market adjustment towards the true value of your 1MB4EVA future has begun.

Enjoy gentlemen, you deserve it.     

[HyphyBTC]

1 of the 3 whales in bitcoin got bored I see. I wonder why he decided to dump and not pump? He must be stop-hunting some of the open longs, which isn't near as profitable as pump and dumping. But when you have insider knowledge a buck earned is a buck earned right?

[Ted E. Bare]

What's happening with my coin?