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

[molecular]

the bears are mounting an attack. Seems bitstamp is the leader of the pack, already < $900

[molecular]

the bears are mounting an attack. Seems bitstamp is the leader of the pack, already < $900

seems $900 is holding for now.

makes me happy because it lessens the danger of $780 being broken to the downside.

on the other hand: maybe the bears are just reloading...

anyway... I could live with another half or full year of consolidation between $500 and $1000, but that'd be fucking boring as hell.

[kurious]

the bears are mounting an attack. Seems bitstamp is the leader of the pack, already < $900

seems $900 is holding for now.

makes me happy because it lessens the danger of $780 being broken to the downside.

on the other hand: maybe the bears are just reloading...

anyway... I could live with another half or full year of consolidation between $500 and $1000, but that'd be fucking boring as hell.

Stamps books look thin on both sides.   1000 BTC dump takes us down to the mid 800s, the same as a buy is way up in the mid 900s.

Which way, I have no idea - but it doesn't look that bullish to me.   Am all fiat on Stamp, waiting to see what happens.

EDIT: order books fattening up and as it's green all the way back to the daily, we should go up.  Just hope there isn't a whale waiting for the moment to go for one more dump into the order book.  Volume is still low.

[Lauda]

Stamps books look thin on both sides.   1000 BTC dump takes us down to the mid 800s, the same as a buy is way up in the mid 900s.

Which way, I have no idea - but it doesn't look that bullish to me.   Am all fiat on Stamp, waiting to see what happens.

Are you sure that you've updated your charts? Someone placed a wall at 900 right now:

Bitstamp | There are currently 4213.2586 bitcoins demanded at or over 800.0 USD, worth 3640500.55521 USD in total. | Data vintage: 49.0603 seconds
Bitstamp | There are currently 3327.3893 bitcoins offered at or under 1000.0 USD, worth 3202731.91053 USD in total. | Data vintage: 75.3432 seconds

Update: It was just removed.

[HI-TEC99]

the bears are mounting an attack. Seems bitstamp is the leader of the pack, already < $900

seems $900 is holding for now.

makes me happy because it lessens the danger of $780 being broken to the downside.

on the other hand: maybe the bears are just reloading...

anyway... I could live with another half or full year of consolidation between $500 and $1000, but that'd be fucking boring as hell.

Stamps books look thin on both sides.   1000 BTC dump takes us down to the mid 800s, the same as a buy is way up in the mid 900s.

Which way, I have no idea - but it doesn't look that bullish to me.   Am all fiat on Stamp, waiting to see what happens.

There's about 135 Bitcoins of bids down to $900, and about 135 Bitcoins of asks up to $927 on stamp. Big walls keep going up and down beyond those limits. It will probably be range bound for a few hours.

[Tzupy]

Support broken. Looks like we are in the middle of the second leg down of A.

Critical support broken, confirms we were in the middle. Bottom should be around 5000 CNY.

China won't drop right now, so either the last small part of the dump is truncated, or delayed for several hours. 5000 CNY would have been a bear's wet dream.

I never margin trade, but this is a moment I would expect some smart types to go long.

You still think we have further to go down?

I am not criticising - given your recent prescience, I am asking.

Quite likely to go further down, but not right now. Go long only for scalping.

At last the Chinese dumped (as usually, started at 3.45 am my time, while I was asleep), probably completed the second leg down of A. This took too long and almost made me believe it was truncated.
If I am right and the third leg down is to come, resistance moved to about 6300 CNY. I am expecting a small bounce into that resistance, and sideways for two days, then the third leg down.

Right when the market was at an inflection point, ready to take the plunge and confirm the third leg down, a LTC pump started and BTC followed soon, so I don't know which way...

[kurious]

Stamps books look thin on both sides.   1000 BTC dump takes us down to the mid 800s, the same as a buy is way up in the mid 900s.

Which way, I have no idea - but it doesn't look that bullish to me.   Am all fiat on Stamp, waiting to see what happens.

Are you sure that you've updated your charts? Someone placed a wall at 900 right now:

Bitstamp | There are currently 4213.2586 bitcoins demanded at or over 800.0 USD, worth 3640500.55521 USD in total. | Data vintage: 49.0603 seconds
Bitstamp | There are currently 3327.3893 bitcoins offered at or under 1000.0 USD, worth 3202731.91053 USD in total. | Data vintage: 75.3432 seconds

Update: It was just removed.

It's just looking uncertain - volume is picking up - but not nearly enough to break out.  If the whales refilled from 812-ish up, we still need to be wary of thinking 'it's over'.  Not that I don't want it to be!

[sulfurtank]

Oh man I'm heavily sitting on weed so I can bounce off the ground and have a flight in the air, can do this anytime. I weight like 2 pounds and can be conveyed to another place easily by a transporter or other means for carrying things. Why are we trading at lower levels?

[hifzi]

i cant stay this rollercoaster,
 

[conspirosphere.tk]

Bitcoin under Trump could triple in value, Saxo Bank predicts
http://truepundit.com/bitcoin-under-trump-could-triple-in-value-saxo-bank-predicts/
 

[eddie13]

Bitcoin under Trump could triple in value, Saxo Bank predicts
http://truepundit.com/bitcoin-under-trump-could-triple-in-value-saxo-bank-predicts/
 

I'm ready for some fiat inflation... Fire up them presses, build us some infrastructure, military, cool stuff for us.. Get it inflated real good then print some more to pay off a good chunk of our debt for pennies on the dollar in actual value..
While I sit on my Bitcoins and other such investments of real value..
Time for an economic shakeup..

[Elwar]

We're in new territory price wise. Nobody knows any price points that are safe. We'll probably bounce up and down inside one of those triangle things until a breakout up or down.

[K~Ehleyr]

Oh crappy-o, it looks like we're going down again    BTC didn't even rise enough to give me a proper dip on my favourite altcoin!  I feel better if I can keep my liability split 50/50 between the two but after the events of the past few days I've spent heavily on Bitcoin and now I feel too one-sided and too vulnerable to Bitcoin's fluctuations. It only needed to rise a little bit more (and the alt dip a little bit more) for my buy order to go through on Polo, but now they've see-sawed the wrong way  

[BlindMayorBitcorn]

i cant stay this rollercoaster,
 

I approve of this message.

[eddie13]

Did okcoin go down for a few minutes or something?
See the flatline?

I can only imagine it must have went offline or froze or something..

[Killerpotleaf]

Did okcoin go down for a few minutes or something?
See the flatline?

I can only imagine it must have went offline or froze or something..

might be getting ddos, there was talk of this yesterday.

[eddie13]

i cant stay this rollercoaster,
 

I approve of this message.

weak hands

[Paashaas]

I hope $900 holds, that will make a strong bullish signal to the general public. Lets see how it plays out next week.

[arklan]

Bitcoin under Trump could triple in value, Saxo Bank predicts
http://truepundit.com/bitcoin-under-trump-could-triple-in-value-saxo-bank-predicts/
 

I'm ready for some fiat inflation... Fire up them presses, build us some infrastructure, military, cool stuff for us.. Get it inflated real good then print some more to pay off a good chunk of our debt for pennies on the dollar in actual value..
While I sit on my Bitcoins and other such investments of real value..
Time for an economic shakeup..

infrastructure is always a good place to spend, god knows some areas of the US need it... i could really see the USD price of BTC having a lot of upward movement under this administration.

[JayJuanGee]

Oh crappy-o, it looks like we're going down again    BTC didn't even rise enough to give me a proper dip on my favourite altcoin!  I feel better if I can keep my liability split 50/50 between the two but after the events of the past few days I've spent heavily on Bitcoin and now I feel too one-sided and too vulnerable to Bitcoin's fluctuations. It only needed to rise a little bit more (and the alt dip a little bit more) for my buy order to go through on Polo, but now they've see-sawed the wrong way  

I understand that people do this, and it does lend a certain ability to profit and an additional level of complexity that can really cause you to lose money faster or gain less (but yeah of course I recognize that it can have big pay offs too). 

In other words, you are really bringing additional gambling to bitcoin, and does not really seem to be a longer term plan.. with mere investing in bitcoin should be enough to get rich, no (or at least increase your value over time).