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

[uhoh]

Finex buy side looking stronger than it has for a few days. I was £10 out from my sell order before the crash *sigh* (and for the most I've ever cashed out in 4 years). Knew i shouldn't have slept that night!

[toknormal]

I find it kind of unbelievable that a silly note from the PBOC is the reason for the crash. As if people didn't see that coming. The 2013/14 bubble was pricked by the PBOC and the market took 3 years to recover. I don't think a 3 year consollidation is so flimsy as to just roll over and die on one predictable PBOC memo.

Looks more like a simple bit of Huobi whalery to me (possibly with PBOC co-operation, who knows )

We've seen these mega dumps before in the last few months and the market just consolidates for a while and moves on. This one was bigger because the rise was bigger.

Lets see what happens. 2hr Hobular momentum histogram about to go to the upside which will help to pull the 4 and 6-hour charts round. After that we'll start to see what the longer term trend is.

[uhoh]

I find it kind of unbelievable that a silly note from the PBOC is the reason for the crash. As if people didn't see that coming. The 2013/14 bubble was pricked by the PBOC and the market took 3 years to recover. I don't think a 3 year consollidation is so flimsy as to just roll over and die on one predictable PBOC memo.

Looks more like a simple bit of Huobi whalery to me (possibly with PBOC co-operation, who knows )

We've seen these mega dumps before in the last few months and the market just consolidates for a while and moves on. This one was bigger because the rise was bigger.

Lets see what happens. 2hr Hobular momentum histogram about to go to the upside which will help to pull the 4 and 6-hour charts round. After that we'll start to see what the longer term trend is.

The PBoC note was one thing, and probably the most sensible thing they've ever said regarding Bitcoin. This is more worrying: http://www.coindesk.com/report-chinese-regulators-exploring-bitcoin-connection-capital-flight/

[HI-TEC99]

I find it kind of unbelievable that a silly note from the PBOC is the reason for the crash. As if people didn't see that coming. The 2013/14 bubble was pricked by the PBOC and the market took 3 years to recover. I don't think a 3 year consollidation is so flimsy as to just roll over and die on one predictable PBOC memo.

Looks more like a simple bit of Huobi whalery to me (possibly with PBOC co-operation, who knows )

We've seen these mega dumps before in the last few months and the market just consolidates for a while and moves on. This one was bigger because the rise was bigger.

Lets see what happens. 2hr Hobular momentum histogram about to go to the upside which will help to pull the 4 and 6-hour charts round. After that we'll start to see what the longer term trend is.

The PBOC little note news didn't have time to spread before the crash. The wires of fiat to the banks were probably delayed and disrupted by the new year holidays. It was due a correction, and delays in fiat getting to exchanges probably intensified it.

[JayJuanGee]

I find it kind of unbelievable that a silly note from the PBOC is the reason for the crash. As if people didn't see that coming. The 2013/14 bubble was pricked by the PBOC and the market took 3 years to recover. I don't think a 3 year consollidation is so flimsy as to just roll over and die on one predictable PBOC memo.

Looks more like a simple bit of Huobi whalery to me (possibly with PBOC co-operation, who knows )

We've seen these mega dumps before in the last few months and the market just consolidates for a while and moves on. This one was bigger because the rise was bigger.

Lets see what happens. 2hr Hobular momentum histogram about to go to the upside which will help to pull the 4 and 6-hour charts round. After that we'll start to see what the longer term trend is.

The dumps are not necessarily over yet, and even though I have been through these kinds of dumps several times, it is a bit nerve racking each time because you cannot really tell for sure when the dumping is done.. Even when it seems to be done, sometimes it ends up with more dumps.

For some reason, it appears that in this dump, I ended up using about 40% of my bitcoin allocated fiat reserves in order to buy.. I don't know why I tend to buy back so quickly.. anyhow, I still have about 60% of my reserves - just in case there is further dumping..

[Killerpotleaf]

if only there was some kind of sign that the dumping was done and the cost was clear...

[PoolMinor]

if only there was some kind of sign that the dumping was done and the coast was clear...

I will let you know....so far it hasn't shown itself.

[simmo77]

This really is not a pleasant place to be at the moment hey.

Real blood on the streets.

Nah mate. The fun and games haven't even started yet. Things are just getting warmed up around here IMO.

[simmo77]

Lol no , i'm trading bitcoin since 2013 so i know the market behavior quite well.

Since 2013...? You're a noob around these parts mate.

[eddie13]

if only there was some kind of sign that the dumping was done and the coast was clear...

I will let you know....so far it hasn't shown itself.

Maybe we can chart meme magic this dump over..

.88 ... satoshi confirmed..

[orpington]

if only there was some kind of sign that the dumping was done and the cost was clear...

Could somebody please step in and officially declare this dump to be over?

Would make my life much easier. lol

[Killerpotleaf]

if only there was some kind of sign that the dumping was done and the coast was clear...

I will let you know....so far it hasn't shown itself.

Maybe we can chart meme magic this dump over..

.88 ... satoshi confirmed..

lol Trump youtube video
you're alright buddy.

[Killerpotleaf]

[Ted E. Bare]

The dump is unofficially finished. I'm a blockchain specialist.

[uhoh]

When kwukduck stops posting, dump is over.

[WeltMaster]

how much does a kidney go for

[notme]

if only there was some kind of sign that the dumping was done and the cost was clear...

Could somebody please step in and officially declare this dump to be over?

Would make my life much easier. lol

You're good... Buy

[yefi]

I'm far from on expert on this - but what I'm thinking at the moment is that the huge climbs are (at the very least) in part due to traders borrowing(buying) BTC to sell short.  They are building us up for a fall.

You don't buy coins to begin a short. You borrow coins from a lender for a % fee. You then market sell them or place a sell order higher up in the order book. Once your order is filled, that's when you buy the coins back. If the price goes up for you, that's bad, because buying the coins will not give you enough to pay back the lender. When that happens, your own funds, that are in your margin account and act as collateral, will be used to ensure the lender is made whole.

Where is everybody going to see the 3-year charts?  Bitcoinwisdom doesn't seem to go back more than one week.

You've got Wisdom stuck on the 1-min chart perhaps? It goes back to 2011 if you set the time interval to 1-week.

[JimboToronto]

When kwukduck stops posting, dump is over.

Kwukduck never stops posting/trolling.

As someone else posted, he must be a paid troll to be that relentless.

Maybe he's paid per view. That's why he steps it up during rallies and dips, to take advantage of the increased viewership.

[PoolMinor]

So what you are saying is that if that red candle doesn't confirm in the next 30 minutes, it is bullish?

Edit:




Edit2:
The weekly is still bullish though.