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

[BrewMaster]

Nice to see some movement. Let's hope this is a proper leg up. It's about time.

this week has been terrible, all the sideways movements makes bitcoin price a headache. and on top of that you never know when PBoC news is going to start up again and kick bitcoin in the nuts!

[Searing]

I dream of a day where bitcoin is boring

So boring as to be like a credit card...just a utility.

can I get an amen?

I dream of a day when all bitcoin folk come together miners and bitcoin core etc ..resolve the block size issue and move on to the real fun

making BTC scale like the credit cards above and be boring!

I dream that the PBOC will be less and less relevant the more and more it cries wolf and as such China exchanges will move and/or just not matter

I dream because of all the above and 80% of all BTC ever made will be done in 2018..that my frigging BTC will be worth 10k each

All in the name of BOREDOM

(hey, if BTC works as it is supposed to ..it should be boring as hell ...at least a the consumer/user end )

Hallelujah

 

[edgar]

10k???

i dream of 100k minimum!!!

[becoin]

edit: er...not sure it is gonna work anymore...but pretty sure they will try in some kind of method to do so (in 2 weeks) (soon) tm bfl

In 2 weeks PBOC will force Chinese exchanges to introduce bitcoin withdrawal tax, say 10%, effectively confiscating large portion of bitcoins there. This % might be higher if we have new ATH in 2 weeks.

[Lauda]

China bans Bitcoin on BTCC again? 

Dear Customer, BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused. Thank you for your cooperation and understanding, The BTCChina Team February 15th, 2017

https://www.reddit.com/r/Bitcoin/comments/5ud5f2/btcchina_bullshitting_its_users_by_extending/
Looks like honey badger doesn't give a damn.

[Holliday]

Looks like honey badger doesn't give a damn.

You can only cry wolf so many times before people stop giving a shit. I'm honestly shocked they've been able to influence the market as many times as they have.

[RAJSALLIN]

Nice to see some movement. Let's hope this is a proper leg up. It's about time.

It's about time you get a leg up with a weekly RSI over 70???

You guys don't know what you are talking about.


Also the bullishness here speaks for down movement.

[kehtolo]

But Searing.. it does work like it's supposed to.

 

[cmacwiz]

Seems the east doesn't trust this breakout

[gembitz]

China bans Bitcoin on BTCC again? 

Dear Customer, BTCChina will continue upgrading its inspection and verification system for bitcoin and litecoin withdrawals to aggressively guard against money laundering, illegal money exchange, pyramid schemes, and other illegal activity. As a result, bitcoin and litecoin withdrawals will be suspended from February 15th until March 15th. Bitcoin and litecoin withdrawals will be resumed as soon as industry standards are settled and the inspection and verification system has been upgraded. Please note: 1. Bitcoin and litecoin withdrawals will resume as soon the inspection and verification system has been upgraded. We will let customers know as soon as this happens. 2. CNY deposits and withdrawals will not be affected; if customers want to withdraw funds within a shorter period, they can first trade their bitcoins and litecoins for CNY on the exchange and then withdraw the CNY. We apologize for any inconvenience caused. Thank you for your cooperation and understanding, The BTCChina Team February 15th, 2017

https://www.reddit.com/r/Bitcoin/comments/5ud5f2/btcchina_bullshitting_its_users_by_extending/
Looks like honey badger doesn't give a damn.

March 15th = SHORTSQUEEZE!!!! THEY ARE SHORT COINS!!! :-D  HOLY SMOKES!!

[gembitz]

Seems the east doesn't trust this breakout

^China shorted and lost all their corns!!

[Morecoin Freeman]

Nice to see some movement. Let's hope this is a proper leg up. It's about time.

It's about time you get a leg up with a weekly RSI over 70???

You guys don't know what you are talking about.


Also the bullishness here speaks for down movement.

Weekly RSI is supposed to trend above 70

'16 May - Jun -------- weekly RSI > 70 ---- $430 ----> $780

'16 Nov - '17 Jan ---- weekly RSI > 70 ---- $720 ----> $1160

today ----------------- weekly RSI > 70 ---- $1000 --> ...

[RAJSALLIN]

Nice to see some movement. Let's hope this is a proper leg up. It's about time.

It's about time you get a leg up with a weekly RSI over 70???

You guys don't know what you are talking about.


Also the bullishness here speaks for down movement.

Weekly RSI is supposed to trend above 70

'16 May - Jun -------- weekly RSI > 70 ---- $430 ----> $780

'16 Nov - '17 Jan ---- weekly RSI > 70 ---- $720 ----> $1160

today ----------------- weekly RSI > 70 ---- $1000 --> ...

Using past examples where the RSI went higher than 70 has absolutely no significance. RSI over 70 is overbought period.

Don't have time to get into stupid arguments that waste my time. Leaving again for better and more intelligent places.

[600watt]

Seems the eastwest doesn't trust this breakoutfrozen chinese exchanges

edit: why on earth does the PBoC weaken their exchanges? usually the chinese government is nothing but protecting/fostering their industries. weird.

editII: cheap coins available on chinese exchanges. but what good is a cheap coin that is frozen?

[bitcoinvest]

well up to now i was 50 / 50 on BTC and fiat...looking this change i am 100% on BTC from now we are really getting hot now!

[becoin]

Using past examples where the RSI went higher than 70 has absolutely no significance. RSI over 70 is overbought period.

RSI is suitable for range trading. Using RSI as an indicator when bitcoin is in a very strong uptrend is plain stupid!

[savetherainforest]

JJG...

I sometimes wonder how [...]

How I can skip trough your messages without any kind of remorse ... And I don't really like to skip messages! And I don't actually hate, despise you or anything else. So help me old wise JJG to understand... wtf is actually happening that I can't read u'r damn text??  


*Edit: ... Do I need to read your comments with a british accent for them to make sense??

[Denker]

Nice to see some movement. Let's hope this is a proper leg up. It's about time.

It's about time you get a leg up with a weekly RSI over 70???

You guys don't know what you are talking about.


Also the bullishness here speaks for down movement.

Weekly RSI is supposed to trend above 70

'16 May - Jun -------- weekly RSI > 70 ---- $430 ----> $780

'16 Nov - '17 Jan ---- weekly RSI > 70 ---- $720 ----> $1160

today ----------------- weekly RSI > 70 ---- $1000 --> ...

Using past examples where the RSI went higher than 70 has absolutely no significance. RSI over 70 is overbought period.

Don't have time to get into stupid arguments that waste my time. Leaving again for better and more intelligent places.

Yes play the petulant ignorant kid card.
He showed you that a RSI of 70+ doesn't mean the run has to be over.
Why so emotional? Sitting at home gnawing nails because you bet on the wrong horse or what?!

[Lauda]

You can only cry wolf so many times before people stop giving a shit. I'm honestly shocked they've been able to influence the market as many times as they have.

Indeed. It looks like this time it has very little effect (or none) this time.
Price on BTCC: $969.38   
Price on Bitstamp: $1024.08   

 

March 15th = SHORTSQUEEZE!!!! THEY ARE SHORT COINS!!! :-D  HOLY SMOKES!!

It would be amazing to see the ETF get approved just a bit after that (I forgot the exact dates). That would ignite a nice rocket and China would just end up losing even more footing.

[becoin]

You can only cry wolf so many times before people stop giving a shit. I'm honestly shocked they've been able to influence the market as many times as they have.

Indeed. It looks like this time it has very little effect (or none) this time.
Price on BTCC: $969.38   
Price on Bitstamp: $1024.08   

 

Reminds me about last weeks of MtGox!
Chinese exchanges are toast.
Good job PBOC!