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

[podyx]

Was gonna put in a 2 btc 20x order at $658 yesterday (now 702) but didn't have big enough balls. Would of made $1600 already smh

[AZwarel]

Houbi over 673$. Next up-wave incoming ^^ prepare the 700 memes!!!
Btw, funny to watch how when China breaks upwards, European traders start to sell, even when there is a 10-20$ arbitrage... lol.

[PoolMinor]

[chesthing]

Such low volume these last few months, so many coins to be dumped. Hey, I got a rhyme there. 

[noobtrader]

wow...

Price back to 666... 

[kehtolo]

Are we repeating 2013?

Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)

Have we got 2-3 months before real fireworks?

I think the chances of this are high. Load up as much as you can.

[bitebits]

Are we repeating 2013? [...] I think the chances of this are high. Load up as much as you can.

That would be quite a self-fulfilling prophecy  .

[kehtolo]

I wouldn't discount it...

I'm not going to bother going through all the trouble of posting my voodoo charts with strange lines and such...

But zoom out and looking at the bigger picture.. timeframe fit's nicely. Happy christmas.

[marcus_of_augustus]

Are we repeating 2013?

Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)

 ... July 09 2016-Nov. 2016 broadly lines up with post-halving behaviour for Nov. 28 2012 - March 2013, call it a definite maybe for now.

[molecular]

Are we repeating 2013?

Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)

 ... July 09 2016-Nov. 2016 broadly lines up with post-halving behaviour for Nov. 28 2012 - March 2013, call it a definite maybe for now.

it would be epic...

best christmas ever?

[vlight]

I wouldn't discount it...

I'm not going to bother going through all the trouble of posting my voodoo charts with strange lines and such...

But zoom out and looking at the bigger picture.. timeframe fit's nicely. Happy christmas.

Voodoo charts say BTC will rise 

[DeathAngel]

We had a nice price rise over the weekend but it wasn't enough to get excited about. Much better times agead I hope.

[calme]

just the required profit taking on the way up. summer uberpump doubters insisted that this fall/winter would be the real uberpump. i'd be happy with simply having a steeper trendline as opposed to an all-out blitzkrieg, but we''ll see what happens. I've noticed an uptick of interest from the Japanese, Germans and especially the eastern slavs but that's all anecdotal.

[JayJuanGee]

just the required profit taking on the way up. summer uberpump doubters insisted that this fall/winter would be the real uberpump. i'd be happy with simply having a steeper trendline as opposed to an all-out blitzkrieg, but we''ll see what happens. I've noticed an uptick of interest from the Japanese, Germans and especially the eastern slavs but that's all anecdotal.

You can wish for a slow and steady uptrend all that you like, but such an outcome is on the low end of probabilities.  Bitcoin just does not work like that, and markets do not tend to work like that, especially if you consider the fundamentals of bitcoin.

The fact of the matter is that we are likely to get violence at some point (and May / June 2016 was a mini example of such potentiality and October/November 2015 was another example of such potentiality), and sure we could experience another 3-6 months of relatively docile price movements, yet even some of your acknowledgement of "interest uptick" of Japanese, Germans, and eastern slavs, seems only a small part of the upwards price pressures on bitcoin...

We also have powerful people and groups that really want to keep bitcoin under wraps and under performing and out of the radar and in the negative light, but there is only so much that they can do when there are a variety of upwards price pressures coming from a broader and growing base.

[calme]

yeah, when cn pumps it practically rattles your computer monitor. intense and violent jolts. the surge yesterday was supposedly renewed confidence instilled from the largest mining conference ever (chengdu, sponsored by bitmain i think). and also ofc just the general opinion that late year is uberpump time in bitcoinlandia, and folks want in early on the action.

[JayJuanGee]

yeah, when cn pumps it practically rattles your computer monitor. intense and violent jolts.

Hahahahaha

I agree with you, except for any of these apparent mythical explanations that seem to attempt to give too much credit to china...


Sure, China is in the formula, but price dynamics on bitcoin goes much beyond China.. and much more wide spread foundations.

In other words, even if China may start off a short term pump or dump, those kinds behaviors and activities are not likely to be very sustainable unless there is wider support and wider price pressures in either direction.  

I am not asserting that China is not a factor in either short term or longer term prices, just that it's influence has to be considered in a broader light, otherwise guys are going to arrive at faulty analysis and conclusions if they are attempting to give too much weight to the chinamen.    

[calme]

well, americans can't leverage trade to speak of anymore. no bitfinex, kraken is limited, btcc is too high of margin, and others don't even allow it. there's forex sites but that's another animal entirely. and ofc the megamines are in rural cn and the big exchanges are in BJ/SH, other than finex. so w/o leverage, we just don't have the buying power we had.

[calme]

looking like mkt is deciding it's double bottom time. ppl also now have their coveted 24h candle that instills confidence in these new levels.

[JayJuanGee]

well, americans can't leverage trade to speak of anymore. no bitfinex, kraken is limited, btcc is too high of margin, and others don't even allow it. there's forex sites but that's another animal entirely. and ofc the megamines are in rural cn and the and big exchanges are in BJ/SH, other than finex. so w/o leverage, we just don't have the buying power we had.

Hhahahahahaha

Now that you try to back up what you are saying, you are spewing out nonsense.

Yes, I concede that there is a china dynamic, but this remains mainstream nonsensical to give too much emphasis to China... China is a mixed bag of competition and competing rules.. there is no systematic and/or meaningful chinese dominance or control over the direction of bitcoin, whether market based or colluding. 

yes, we people have to take into account China, we have to include chinamen in our various consensus discussions, but in the end, they are as much all over the place as other folks when it comes to attempting to influence the price and development direction of bitcoin in one direction or another...

so it comes off as a bit looney, when folks are China this, China that, China blah blah blah...

Yeah, include china, but don't get so myopic in your seeming to whine about it.  It is what it is, and there is no need to get defensive or to get feelings of nationalism when it comes to bitcoin price and/or bitcoin developments.

[calme]

dude. why can't you just relax? it doesn't have to be some confrontation. what's going on here?