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

[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

[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.

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

Miners are just selling to cover their costs thats all. Doesnt matter if its chinese miners, swedish miners or american miners. They all behave the same.

Trading volume in china is known to be fake, mostly exchange-bots.

Its just a nice story that everyone likes to believe and media likes to sell newbies.

[yefi]

Most people who book profit too early in a bubble end up being tempted to buy back in as they watch incredulously at a seemingly impossible rise. Even the great Newton wasn't immune to this.

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

lol 

[HyphyBTC]

My guess is all those shorts start liquidating on Finex above $1150, so they are trying their hardest to keep it under. I will be ready for fireworks once its breaks.

[Stevenirving]

When do I sell?! I have lost the ability to figure anything out  
Life savings are stuck in there. No sleep tonight!

[isov]

Seems like it's ATH almost everywhere else but Finex and Stamp. Truly wild arbitrage too. Now lets see where can this take us after it's ATH all around and gold parity is reach etc. Going to be some good media I'd guess.

[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.

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

Miners are just selling to cover their costs thats all. Doesnt matter if its chinese miners, swedish miners or american miners. They all behave the same.

Trading volume in china is known to be fake, mostly exchange-bots.

Its just a nice story that everyone likes to believe and media likes to sell newbies.

whatever u say bud

[Searing]

When do I sell?! I have lost the ability to figure anything out  
Life savings are stuck in there. No sleep tonight!

Well I decided to move/sell 3.6 btc via coinbase.....going on 2 hrs unconfirmed...ugly...ugly....
had standard fee included (or always was that way in the past) so....busy busy...the btc transaction elves they are...

says fine at coinbase end.in that is showed and is unconfirmed there too..but still annoying....may drag out a bit huh?

prepare for a dump in price before I can cash out..the crypto gods hate me (you have been warned..I broke the price rise)

(or so it seems most times I try to cover my butt somewhat on such rapid rises w/some buffer to $$$ on such a rise)

[Killerpotleaf]

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.

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

Miners are just selling to cover their costs thats all. Doesnt matter if its chinese miners, swedish miners or american miners. They all behave the same.

Trading volume in china is known to be fake, mostly exchange-bots.

Its just a nice story that everyone likes to believe and media likes to sell newbies.

china's volume is likely highly exaggerated but its got to be somewhat real... its not hard to believe that the country with the largest population, largest amount of hashing power, its poeple know to be risk takers and have many large investors(who's buying up all the housing all over the world? the F'in chinese!) not to mention the nature of their fiat... would lead bitcoin.
plus there exchanges have suckered in poeple from all over the world to speculate on BTC with CNY because of 0% fees.

[Killerpotleaf]

When do I sell?! I have lost the ability to figure anything out  
Life savings are stuck in there. No sleep tonight!

Well I decided to move/sell 3.6 btc via coinbase.....going on 2 hrs unconfirmed...ugly...ugly....
had standard fee included (or always was that way in the past) so....busy busy...the btc transaction elves they are...

says fine at coinbase end.in that is showed and is unconfirmed there too..but still annoying....may drag out a bit huh?

prepare for a dump in price before I can cash out..the crypto gods hate me (you have been warned..I broke the price rise)

(or so it seems most times I try to cover my butt somewhat on such rapid rises w/some buffer to $$$ on such a rise)

the "standard fee" is constantly going up if you didnt pay >10cents your gana be waiting a while.
in anycase, your efforts to feed the gigantic whale are much appreciated