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

[Arcteryx]

This ONE-THOUSAND must be our new floor.

Obviously it is, and IMHO it is here to stay for a while.

I can not seeing it go below $1000 at this point. It shot pass it without a flinch in rolling on forward.
Just need to wait until the next economic news comes and see how it withstands what China exchanges and Trump is doing to the states economic woes have in store for the next 48 hours. If it stays above the price it is at now then it can be bulletproof.

[1715088647]

1715088647

[Karartma1]

This ONE-THOUSAND must be our new floor.

Obviously it is, and IMHO it is here to stay for a while.

And I would add finally!
4 sweetest digits ever IMHO. And now that I know for a fact that rich bullies are in love with BTC I'll hold onto my belongings even more. This is just the beginning.

[keyboard warrior]

This ONE-THOUSAND must be our new floor.

Obviously it is, and IMHO it is here to stay for a while.

And I would add finally!
4 sweetest digits ever IMHO. And now that I know for a fact that rich bullies are in love with BTC I'll hold onto my belongings even more. This is just the beginning.

Now people are used to the idea of $1000 it won't be going back below it again. After the next blow off top the bears will be expecting to see triple digits again, but it won't happen.

[cmacwiz]

This ONE-THOUSAND must be our new floor.

Obviously it is, and IMHO it is here to stay for a while.

And I would add finally!
4 sweetest digits ever IMHO. And now that I know for a fact that rich bullies are in love with BTC I'll hold onto my belongings even more. This is just the beginning.

Now people are used to the idea of $1000 it won't be going back below it again. After the next blow off top the bears will be expecting to see triple digits again, but it won't happen.

My buddy who finally is intent on buying some BTC (due to gov't uncertainty) is waiting for the 500's to roll around again 

[petahashminer]

I'm ok with a 3 month doubling.

lol I'm ok with a 12 months doubling.

[Torque]

U.S. Fed didn't raise interest rates.  What a shock. The fake bull equities market continues.

https://www.nytimes.com/2017/02/01/business/economy/fed-interest-rates-trump-yellen.html?_r=0

[Ted E. Bare]

2017: Year of the bitcoin.

[hd060053]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

[soullyG]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

Weeeeeeeeeeeeee 

[prophetx]

woohoo go btc

forget elliot waves we're going to get a tsunami!!

[Ted E. Bare]

Where is kwukduck??

[smracer]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

How do they close all these shorts?  At what price does it start to get ugly?

[Ted E. Bare]

If I'm correct, the last ones to close will lose approximately half of their balances. Yes it can get that ugly.

[TeeBone]

I see this as a large bounce off the 750 low, we should hit the 78% retracement at 1055. But, to zoom through the ATH from here, doesnt look proportional...it's happening too quick. If this is indeed the 'handle' part of the huge cup and handle from 2013-now, then another drop is likely.

[notme]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

Short positions on bitfinex haven't exceeded 16k since the hack.  The current figure is about 13k.  I'm not sure where you are getting 22k from.

https://bfxdata.com/positions/btcusd

[gembitz]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

How do they close all these shorts?  At what price does it start to get ugly?

^squeeeeeze the shorts(china)    weeeeeeeeee

[Pruden]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

Short positions on bitfinex haven't exceeded 16k since the hack.  The current figure is about 13k.  I'm not sure where you are getting 22k from.

https://bfxdata.com/positions/btcusd

From here: https://bfxdata.com/swaphistory/totals

I wonder what the difference means.

[JayJuanGee]

Doubling in price in half the time pattern essentially still holding for this exponential bull run ... late March 1600-1800, mid-May 3200-3600, early June insane vertical up to 6500-7200 and pop. For approximate repeat of 2013 halving bull adoption wave blow-off.

^bitcoiners can't do maths when the blocksize doubles to 2MB the price goes//^$2000?lol

 

(((n00bs!)))

Price and blocksize hardlimit are not correlated.

Bitcoin has a lot more going on than some mere simplistic (and even seemingly non-technical issue) such as blocksize hardlimit.  Yeah, sure granted there is some whining and politics around the blocksize hardlimit issue, but the correlation to price is quite tangential and sporadic and largely difficult to pinpoint in terms of directness... oh yeah, and even if there is some correlation, we have the other concept that even assuming correlation, that does not equal causation. 

[notme]

jfi there are still > 22k BTC shorts on bitfinex. that can escalate quickly. next week is critical  

Short positions on bitfinex haven't exceeded 16k since the hack.  The current figure is about 13k.  I'm not sure where you are getting 22k from.

https://bfxdata.com/positions/btcusd

From here: https://bfxdata.com/swaphistory/totals

I wonder what the difference means.

You can reserve swaps without utilizing them, which can get you a better rate.  So there are 22k btc reserved, and 13k already sold, leaving 9k btc sitting there ready to be sold for the right price without any additional swap cost to the trader.

(this is wrong, see https://bitcointalk.org/index.php?topic=178336.msg17714512#msg17714512)

[Torque]