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

[Kramerc]

12h MACD has crossed into negative on Chinese exchanges, but not on western ones.

What exactly are the Chinese exchanges trading again?

IOU CFDs?

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[fitty]

$992 now and going down.
Time to sell or weather this storm?

My friend we were down to $975 bounced back up to 995.
I see absolutely no reason to sell.
As I said before, it looks like we are glued here.For ~2 weeks almost sideways movement at the $1000 range.We've never seen that in BTC before!!

Yeah . Its been two weeks since the price of bitcoin raises about $1000 and I think its a good indication that we should hold our bitcoins because a price increase was not
Impossible. There may be times when its price fall down but I think it can resist and retain its $1000 price so no need to worry about selling because it is best to hold that first and wait for a pump.

[_nur]

looks like bitcoin will be going up soon because the bull sentiment is still here

[abercrombie]

mewn time slightly delayed, please stay seated. thanks for your patience.

[Torque]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

[600watt]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

PBOC officials are the whales. 

[jackjack]

This looks like an interesting time for BTC brothers, I think it is time we get governance under control. Some coins will assist in bringing these solutions to light and I encourage all of you Bitcoin maximalists to read this piece: https://bitcointalk.org/index.php?topic=1788901.0

Good day.

Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion

[HI-TEC99]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

It's back up to $1000 again on stamp. The mini-dump didn't work, traders are getting so used to a $1000 floor that dumps don't scare them anymore.

[600watt]

[gembitz]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

[Aviator019]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

[bitcoinvest]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

wow it's not only me that i mention sometimes gox here but everytime i write or read about him or the exchange is pain in the ass .... next month is the creditors meeting i think 9 of March.
we have been more times up from $1000 and i think he is not responsible but what you want to say is that somebody manipulates the price??

[gembitz]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

wow it's not only me that i mention sometimes gox here but everytime i write or read about him or the exchange is pain in the ass .... next month is the creditors meeting i think 9 of March.
we have been more times up from $1000 and i think he is not responsible but what you want to say is that somebody manipulates the price??

^ya and they are prolly sipping 7 dollar cups of coffee from starbucks!! :-D

[JayJuanGee]

roll on 800s!!

$800 because of this? i doubt it, but i guess we will see.

Update: Yunbi increased bitcoin trading fee to 0.2%; CHBTC suspended ETH & ETC withdraw, same policy as BTC & LTC now

https://twitter.com/cnLedger/status/831059294522990592

Update#2: HaoBTC announced will remove its exchange functions. The main services (mining and online wallet) remain unaffected

https://twitter.com/cnLedger/status/831066928319848448

Not up on this, but does HaoBTC and/or others have 'satellites' outside of China proper? (or plan to do so?) thus just all exchanges getting the heck out of China proper
will be the end result of all these heavy handed (imho) actions of Chinese authorities?

ASSUMING above is true. CAN the masses in China move Yuan still in some manner outside of the country, with the exchanges located outside, in a large manner to support
BTC yet? or will the great 'firewall' of china hold on such actions with BTC exchanges outside of China?

(or who the heck knows?)

well I wanted cheap coin to get back to 100 btc on my hoard again. Seems it has come to pass. (conflicted...always conflicted....want one thing cheap coins, then I get
cheap coins...then freak and want price to go up for BTC and vice versa...sheesh)

wow, thanks for insight! makes sense

Insight..sigh......someone want to comment on my insight with some insight..still no clue.....

ie if all the exchanges move out of China .....would their be enough $$$ coming out of China to those exchanges ...thru the great firewall of china to matter
or would any newbie/users of BTC in china be out of luck?

(damn always good with the questions...have no frigging idea of the answers...can see the trap in other words...but stumble into it anyway)


My life is a constant emotional bounce between...

CHEAP COINS, CHEAP COINS, CHEAP COINS....

and

FOMO, FOMO, FOMO

Damn, I am such a BTC groupie tool.......

Gotta respect you for admitting it... and even if you sometimes can get fairly emotional, you still have some good insights, too.. .There is something about having the actual experience that helps a lot, even though sometimes any of us can be a bit strung along by some of the volatility and even the manipulation of the space.. there is so much information and so much disinformation that it is difficult to not get caught up in some of it.. even if we were to have the strongest of wills.. that is certainly not me.

[JayJuanGee]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

From time to time, we get stuck at all kinds of price points.. you are reading too much into it if you think that $1000 has any significance beyond the fact that it just happens to be where we are at currently... and it is not a bad spot to be - even though there is certainly some dispute, too from some who think we should be above and others who think that we should be below.  If one side prevails, then we will move off of this spot in either one direction or another...

[Killerpotleaf]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

From time to time, we get stuck at all kinds of price points.. you are reading too much into it if you think that $1000 has any significance beyond the fact that it just happens to be where we are at currently... and it is not a bad spot to be - even though there is certainly some dispute, too from some who think we should be above and others who think that we should be below.  If one side prevails, then we will move off of this spot in either one direction or another...

kinda hard to argue that 1000 is a perfectly random price point... 1000$ is a very nice round number,we've been talking about 1000 for years! buying below 1000$ and selling above 1000$ has been "the thing to do" and it remains the thing to do, only the spread has tightened. 1000 might prove to be crazy sticky.

[Aviator019]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

[notme]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

Price will move to the right.  Some up, some down, but mostly right.

[Killerpotleaf]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

for the next 72hours any deviation (up or down) from 1000.00$ will be swiftly corrected.
during that time resistance will dwindle while support strengthens.
after which we will slowly break away from 1000.00 into the 1020, and then 1040, and then 1080
and then BOOM overnight we are above 1200, and we continue to climb at  steady pace.
couple of weeks later the trend is unbroken, as we near 2000,
BOOM THE ETF is approved, the crowd goes wild 2500 in <30 seconds.
but then... well then.. ha... we watch as 300 billion dollars try to squezz into the tinny tiny ETF.
Muahahahaha!

 

[Aviator019]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

for the next 72hours any deviation (up or down) from 1000.00$ will be swiftly corrected.
during that time resistance will dwindle while support strengthens.
after which we will slowly break away from 1000.00 into the 1020, and then 1040, and then 1080
and then BOOM overnight we are above 1200, and we continue to climb at  steady pace.
couple of weeks later the trend is unbroken, as we near 2000,
BOOM THE ETF is approved, the crowd goes wild 2500 in <30 seconds.
but then... well then.. ha... we watch as 300 billion dollars try to squezz into the tinny tiny ETF.
Muahahahaha!

 

Im missing the 'free ducati motorcycles for everyone', but otherwise I see absolutely no flaws in this prediction hahaha