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

[podyx]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

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[Karpeles]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

It is sunday, everything is slow at sundays, some people still are waking up

Also less than 1 hour ago, not really that long ago

[Boxman90]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

Market reacted instantly, only 'crashed' 20 minutes later. That's not slow.

[abercrombie]

is crypto done?? 

[droizs]

I think I missed another easy profit. These crashes happen so freaking fast...

[kurious]

The 920 floor is not a reality, but 900 is holding... for now.

I guess we can only wait and watch.

[JayJuanGee]

I think I missed another easy profit. These crashes happen so freaking fast...

Less than 5% could not be a crash - maybe a minor dip (correction)

5% to 10% is maybe a medium dip (correction)

10% to 15% is maybe a large dip (correction)

15% to 25% is maybe a major dip (correction)

greater than 25% is maybe a "crash".. ....   hahahahaha

So far we are less than 5%, but maybe also depends on whether we are measuring the dip from $937 to $900 or if we need to start from $1,139  to figure out how far we are down from that recent top and the extent to which we may be recovering?  because if we go back below $800, maybe somewhere in that territory, we may be in "crash" territory, no?

[gizmoh]

Uptrend still intact so far.

[Boxman90]

You were kidding yourself with that bogus line, that you drew towards the current downtick instead of the previous low in the uptrend like you should've, and you knew it. And the price now shows it too

[Karpeles]

The last "crash" caused by a PBOC related issue lasted less than 12hours and caused a $40 drop in the price.

This time won't be different, by Monday the price will be back to $920+

[droizs]

is huobi market down?
https://bitcoinwisdom.com/markets/huobi/btccny

[K~Ehleyr]

I have just had my first practice at drawing lines on a Bitstamp chart and I hereby predict that around midnight on 22nd January UTC (that's the midnight after 21st January), the trend will decide whether it's going to go up or down  

If it decides it's going down, we'll see €760 ($813 USD?) by the early hours of 27th January.

I could show you my pic but I'm not subscribed to any of those image sharing sites and pastebin won't do images.  I'm curious to see how far out I am though  

If  you Google for "upload image" you will get a huge list of image sharing sites, most of which are free.

This one comes top of the list. You don't have to register, just click the big button and select your image to upload it and get given its URL.

https://postimage.io/

Thanks for that!!  That's useful!  Ok, here goes.  I'm sure it's a load of crappydoodle but please be gentle and constructive 


Zoomed-out, I tried to identify the long-term support line:




Then I zoomed in and marked the trend top and bottom and the short-term support line:




The times I've referred to are the two criss-crossy bits furthest right.  I hope I haven't confused anybody with my highly technical language 

Hey, the first bit of my prediction was damn near spot-on!!  If the second bit turns out correct(ish) also for deep downward over the next week, then this could be a pretty awesome b-to-c part of the handle formation!!

[toknormal]

Any reason for this $20 instant dip or is this just normal correction?

One theory:

https://bitcointalk.org/index.php?topic=178336.msg17475939#msg17475939

And:

...a sharp retrace back up to the propellor "nose" which would be around 6700 CNY (~$900-$950 dollars), followed by a slow retrace back down to half the lower propellor blade (5900 CNY = $750) and then starting the next bubble from there which may go to $2000 by July.

[savetherainforest]

8 ... 8 ... 8 ... Them Chinese voodoo believers...

THE INTERNET IS SPYING ON ALL OF US!!!    




Then comes Tzupy and says: "Who cares? ... I shorted!!!"  

[bag holder]

is huobi market down?
https://bitcoinwisdom.com/markets/huobi/btccny

Huobi itself shows trades a few seconds ago.

https://www.huobi.com/market/cny_btc

Bitcoinity says the last trade was 9 hours ago.

https://bitcoinity.org/markets/huobi/CNY

There might be a glitch in the API that bitcoinwisdom and bitcoinity use to get the latest trading data from huobi.

[yonton]

Slingshot to 950

[Tmdz]

Finally a buying opportunity, and string support at the bottom end of 900.

Also If you look at the Fibonacci retracement line, the price falls right into those support levels.

[Ibian]

Bored. So bored. Not buying until around $800, and nothing below 1k excites me.

[600watt]

wait a second! major news concerning the big three chinese exchanges with unclear consequences and price DOES NOT TANK 30% IMMEDIATELY? and where was the insider trading on this one?

superfuckin´bullish as fuck!

[JimboToronto]

Good morning Bitcoinland.

I see we're having one of those days.



Current price... $913USD (Bitcoinaverage).

Ho hum.