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

[BlindMayorBitcorn]

I remember at a low we used to consider the Bitcoin basically an index of dark market penetration.  But global value pent up against capital controls must be the biggest market in history, and we're sitting in the middle of it. Isn't it?

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[Bitcoinb0b]

something that one can observe very often:

if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever

but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.

so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.

edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.

not really, china always controls the price.

[edgar]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass.  

Your compass should be pointing towards the moon.

Still, I have to say I was disappointed to log in this evening and only see 1120 on Finex. I really need to have my reality adjusted a bit here.

^^

[BlindMayorBitcorn]

You point at the moon, I look at your finger. But I'm trying to see.

[ImI]

something that one can observe very often:

if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever

but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.

so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.

edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.

looks like stamp wins.

china follows stamp after fake breakout.

[ImI]

something that one can observe very often:

if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever

but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.

so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.

edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.

not really, china always controls the price.

nope, china controlling the price and being the reason for the rally is just the message that's perfect for the media and noobs.

[600watt]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass. 

Crypto Version of bizarre Stockholm syndrome 😂

I know how you feel.

what a ride.

[JimboToronto]

Another day, another tall green candle, another ATH.



With the added feature of a nice little correction/consolidation. Rocketing upward but not too fast.

[BTCtrader71]

You point at the moon, I look at your finger. But I'm trying to see.

https://www.youtube.com/watch?v=sDW6vkuqGLg
Go to 1:15

[gembitz]

Another day, another tall green candle, another ATH.



With the added feature of a nice little correction/consolidation. Rocketing upward but not too fast.

^everyone know when the real news breaks we will hit $2000 easy!!!!  *too funny!*

[BlindMayorBitcorn]

You point at the moon, I look at your finger. But I'm trying to see.

https://www.youtube.com/watch?v=sDW6vkuqGLg
Go to 1:15

[notme]

You point at the moon, I look at your finger. But I'm trying to see.

https://www.youtube.com/watch?v=sDW6vkuqGLg
Go to 1:15

Protip:
https://youtu.be/sDW6vkuqGLg?t=75

[ImI]

wow, that's A LOT of arbitrage there now

[Ted E. Bare]

We decided to continue without bearstamp. See ya at next ATH!

[JayJuanGee]

There's no correction happening at Huobi.

yeah and it sucks.. I sold my long at 8424 and it hasn't come down for me to buy back in like the other exchanges have..

Still holding all my profits in BTC but no leverage, BTC trading stake currently up 60%..
So not only has BTC gone up like 40% but I have made 60% more BTC at the same time..

I only wish I had the balls to trade with more capitol, more of my stash..
I'm afraid that if I do trade with more that it would effect me psychologically and I would be less successful..

Never risk the lot, make good profits on high risks with small stakes, or lower risks with bigger stakes.

And don't be greedy, always sell your position 'too early' it's way better than 'too late'.

That is a great way of describing a great long term trading plan.    I think that I kind of strive for something like that, but surely sometimes there is also human error, no?  because I am a human, no? hahahahaa

[JimboToronto]

It's nice to see how this tiny (so far) period of consolidation is shaping up.

Bearstamp is forming a nice pennant centered around approximately $1110, preparing for the next leg up.

Finex bounces up and down a little but with a slight upward bias.

Meanwhile Huobi doesn't give a shit and keeps surging upward, creating a series of new ATHs. Still no correction at Huobi.

All signs point to continuing sustained growth, no bubbles yet.

Averaged out on Bitcoinaverage, that works out to $1140USD/$1515CAD at the moment. Not bad.

Holders prosper.

[notme]

It's nice to see how this tiny (so far) period of consolidation is shaping up.

Bearstamp is forming a nice pennant centered around approximately $1110, preparing for the next leg up.

Finex bounces up and down a little but with a slight upward bias.

Meanwhile Huobi doesn't give a shit and keeps surging upward, creating a series of new ATHs. Still no correction at Huobi.

All signs point to continuing sustained growth, no bubbles yet.

There's corrections... you just have to watch the 1 minute charts .

[JimboToronto]

There's corrections... you just have to watch the 1 minute charts .

They don't have 15 second charts?

 

[Bitcoinb0b]

something that one can observe very often:

if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever

but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.

so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.

edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.

not really, china always controls the price.

nope, china controlling the price and being the reason for the rally is just the message that's perfect for the media and noobs.

The majority of volume of trading and mining is in china and you are trying to tell me that they dont influence the price?

[strawbs]

Come on Finex, let's pop $1150 - third time lucky