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

[yefi]

The ATH of $1163 is also a "done deal" even though it has not happened yet..

you don't hear me say those kinds of things too often..

And maybe pretty much $1200 is a "done deal" too.

I would be quite surprised if they do not play out in the coming hours.. days at most.

Yes, not to invite hubris, but we've come too far now, I think, not to break the ATH. I hear a lot of chatter about cup and handle formations, but all I see is an 18 month trend-line that it yet to be broken. Market cap is already off the charts, price could surely follow.

I thought no one else was watching!  I think a train or even a rocket is probably justified.  I am just too British to be so brash.

*polite applause ensues....

By George, another Englishman. We must be multiplying. 

[HI-TEC99]

Is it significant that itBit is now the USD volume leader according to bitcoinity? I don't know for certain if bitcoinity includes itBit's OTC sales in its volume calculation, but I expect it does. Big OTC buys could be the reason its suddenly in first place.

I can't imagine any charting site would include OTC stuff. They'd be all over the place and I'm sure such sites don't necessarily want to publicise sales. That would go against everything OTC is about.

Itbit seems to make a big appearance every now and then and then disappear once more.

After some Googling I found out that itBit used to keep its OTC trades secret, but then collaborated with TradeBlock to publish them. Maybe they did it because itBit's more regulated than most exchanges.

https://news.bitcoin.com/itbit-tradeblock-blockchains-big-data/

ItBit’s collaboration with TradeBlock will enable its clientele and the public to view its Over The Counter trading data, which will give more perspective and resolution to the exchanges OTC transactions.

[JayJuanGee]

Stamp just passed resistance and nothing more than a golf clap around here.

I think that there is a difference between making a new three year high and "passing resistance"

When I think about passing, I think about going past it.. above and beyond and maybe even having a bit of a cushion, with either time or price.  In this case, we passed it for only about 5 minutes at most, and it was above and below and above and below...

I still do think that our odds are pretty strong to shoot into the $1200s in the coming hours or even in the coming days... .. yet continued slow, is not bad, either.. I mean can you imagine going slowly up to $1500 or something like that?  Seems like a long shot now, but it would be an interesting (and probably less likely) phenomenon  if price rises were to play out like that, this time.

[HI-TEC99]

Stamp just passed resistance and nothing more than a golf clap around here.

I think that there is a difference between making a new three year high and "passing resistance"

When I think about passing, I think about going past it.. above and beyond and maybe even having a bit of a cushion, with either time or price.  In this case, we passed it for only about 5 minutes at most, and it was above and below and above and below...

I still do think that our odds are pretty strong to shoot into the $1200s in the coming hours or even in the coming days... .. yet continued slow, is not bad, either.. I mean can you imagine going slowly up to $1500 or something like that?  Seems like a long shot now, but it would be an interesting (and probably less likely) phenomenon  if price rises were to play out like that, this time.

If the 790 Bitcoin ask wall on stamp gets eaten the next big wall starts at $1196 and ends at $1200. Getting into the $1200s soon is increasingly plausible. Stamps just gone back up to $1141, the buying pressure isn't slowing.

[slap]

where are the train pics?

[pinger]

where are the train pics?

Why to post trains when you can see everything is on schedule?

[Lauda]

According to https://bitcoinity.org/markets/bitstamp/USD , we are only $24 away from an ATH on Bitstamp!



Prepare the bottles of champagne.

[MahaRamana]

I am sorry to spoil the party but...
s we are approaching all time high, the transaction fees are spiking as well !

https://bitcoinfees.info/

We have now just broken through 50 cents per tx for the 3 blocks fee !

The network is bloated and reacts to the bloat by an increase of transaction prices to try to limit the increase in transactions.

That's NOT a good thing folks 

[keithers]

I believe I read somewhere that Japan has something similar to to ETF that has already been approved and will be available soon?

[600watt]

the 15 min candle on stamp (wisdom) is jumping like a kangaroo. 

[gembitz]

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

That 1000+ page thread was getting kinda useless.

How about bitcoinium.com pics? I can never get mtgoxlive to load

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

is also welcome here.


just don't be posting about your "FEELINGS" and you won't get delete.  

^love you bro ~ come back and say high!!! :-D weeeeee ATH!!!!!!

[gembitz]

According to https://bitcoinity.org/markets/bitstamp/USD , we are only $24 away from an ATH on Bitstamp!



Prepare the bottles of champagne.

$2017 street price* btc people on the street are buying!!! :-D

[Dafar]

I am sorry to spoil the party but...
s we are approaching all time high, the transaction fees are spiking as well !

https://bitcoinfees.info/

We have now just broken through 50 cents per tx for the 3 blocks fee !

The network is bloated and reacts to the bloat by an increase of transaction prices to try to limit the increase in transactions.

That's NOT a good thing folks 

Market doesn't give a shit.... Bitcoin's value right now doesn't come from it being used for shopping. Go fork off with the BU clowns or use fucking Monero to buy your coffee

[marcus_of_augustus]

what's currently the "official" ATH?

$1163 ? (Bitstamp 2013)

bitstamp ATH $1163
bitfinex ATH $1175
Gox ATH $1242

Everyone says the Gox ATH was manipulated, but at the highest price it's a big psychological barrier. I'll be happy if it takes another week to go above the bitstamp ATH. I expected more of a battle to get over $1100.

The GOX price was in GOXbux that were not trading at par with the USD so any rational analysis of ATH in GOX prices needs to take that into account. The OTC market in GOXbux got more and more active around the time of the ATH and eventual bankruptcy/blow-up. People were even trading whole GOX accounts for months before that also. Up to 9 months before the ATH GOX fiat withdrawls were having 'problems', i.e. slow, so when the pyramid scheme finally exhausted greater fools there were no USD to be had for withdrawl at all, only GOXbux. How to price a USD ATH in those circumstances is really just a fool's errand.

I think all these different ATH numbers are great because it shows what lemmings all the traders are ... they are lost without some psychological number to pin their charts (and bets) upon. The diffuse ATH situation is leaving a clear run (bumpy not spiky) to >$1200 now methinks.

[sAt0sHiFanClub]

7 green candles in a row on the 2 hour...

Even the daily is 9 out of 10.

Is this Gentlemen?

I've been watching for a sell flag, and then I get a - Sell flag....   

[snipie]

Knock...knock...knock
What's up all time high?
Worst thing I cannot live this moments instantly since i am busy but seeing the price jumping like this is so amusing
FTW

[xxxgoodgirls]

I am sorry to spoil the party but...
s we are approaching all time high, the transaction fees are spiking as well !

https://bitcoinfees.info/

We have now just broken through 50 cents per tx for the 3 blocks fee !

The network is bloated and reacts to the bloat by an increase of transaction prices to try to limit the increase in transactions.

That's NOT a good thing folks 

Wow 56 cent looks so high.

[gembitz]

Knock...knock...knock
What's up all time high?
Worst thing I cannot live this moments instantly since i am busy but seeing the price jumping like this is so amusing
FTW

^buy and hodl!! :-D weeeee $2017 BTCBTCBTCBTCBTCBTCBTC

[BlindMayorBitcorn]

So I guess these Bitcoins are still a thing. That's good. 

[hv_]

According to https://bitcoinity.org/markets/bitstamp/USD , we are only $24 away from an ATH on Bitstamp!



Prepare the bottles of champagne.

$2017 street price* btc people on the street are buying!!! :-D

I feel really sorry for that hopefully single individuum having sold for 0.002 - still trying to bit his own ass.