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

[600watt]

new stamp ath incoming...

[Ted E. Bare]

More sandwiches for us.

[yugo23]

I kinda wanna stay up for the Bitfinex short ass-pounding, but it's time for bed. $1800 by morning?

Lol, maybe not so much xD

But I gotta admit it's a bit of a dream right now...

[Lauda]

What are the targets for today, $1450 - $1500 on BitStamp? There is some talk about short liquidation if Bitfinex hits $1600 which could slingshot it much further.
Here's fresh data:

<gribble> Bitstamp | There are currently 982.38728 bitcoins offered at or under 1500.0 USD, worth 1433594.02869 USD in total. | Data vintage: 0.0343 seconds
<gribble> Bitfinex | There are currently 1312.4168 bitcoins offered at or under 1600.0 USD, worth 2071869.47179 USD in total. | Data vintage: 0.0040 seconds

[mike4001]

new stamp ath incoming...

USD 1422 at the moment.

Wasn't it a little bit higher yesterday?

[JayJuanGee]

What are the targets for today, $1450 - $1500 on BitStamp? There is some talk about short liquidation if Bitfinex hits $1600 which could slingshot it much further.
Here's fresh data:

<gribble> Bitstamp | There are currently 982.38728 bitcoins offered at or under 1500.0 USD, worth 1433594.02869 USD in total. | Data vintage: 0.0343 seconds
<gribble> Bitfinex | There are currently 1312.4168 bitcoins offered at or under 1600.0 USD, worth 2071869.47179 USD in total. | Data vintage: 0.0040 seconds

From your description, it looks like a large majority of those would be liquidated by $1500 and there are only a marginal additional number after $1500... so even somewhere between $1500 and $1600 could be reasonable for this particular pump.. gosh no guarantees, but decent incentives remain.. but we also have to remember that bitfinex is already in the mid $1500s while everyone else is in the mid $1400s.. .. yet getting another $100 out of this pump does not seem to be too fantastical a hypothesis

[Lauda]

new stamp ath incoming...

USD 1422 at the moment.

Wasn't it a little bit higher yesterday?

The Bitstamp ATH is $1425. We are ~$3 away from a new one (although the small changes in ATH are irrelevant). You can easy check this out on any chart: https://bitcoinity.org/markets/bitstamp/USD

From your description, it looks like a large majority of those would be liquidated by $1500 and there are only a marginal additional number after $1500... so even somewhere between $1500 and $1600 could be reasonable for this particular pump.. gosh no guarantees, but decent incentives remain.. but we also have to remember that bitfinex is already in the mid $1500s while everyone else is in the mid $1400s.. .. yet getting another $100 out of this pump does not seem to be too fantastical a hypothesis

The bank transfers in countries that had a holiday yesterday should be processing today. Therefore, I do not see a reason for which this shouldn't continue at least for a little while longer.

[julian071]

This is getting rediculous. I'm starting to feel that selling a good part of my stash a while ago wasn't the great idea I thought it was at the time

[mainpmf]

This is getting rediculous. I'm starting to feel that selling a good part of my stash a while ago wasn't the great idea I thought it was at the time

Ahahah
Well if you sold just a part, it wasn't maybe such a bad idea.
I'm not so sure about the stability of this pump. But for reasons beyond my understanding, it seems to not lose too much momentum...

Anyway even with a 100$ correction it would still be a very good month for btc price ^^

[AZwarel]

This is getting interesting. Wondering if we ever see 3 digits anymore 

[Lauda]

There are some pathetically desperate bears on Bitstamp:


Is this all they've got? Here's a gem from the past, i.e. the slaying of a bearwhale (30k BTC): https://www.youtube.com/watch?v=-uX_bB_4VJk

[Elwar]

There are some pathetically desperate bears on Bitstamp:


Is this all they've got? Here's a gem from the past, i.e. the slaying of a bearwhale (30k BTC): https://www.youtube.com/watch?v=-uX_bB_4VJk

Not much we can do about that. Looks like the price will never go above $1436.

 

[Ted E. Bare]

I give it a couple of hours. No sell wall can hold bitcoin down.

[Wexlike]

I just took some profit, thank you Bitcoin. In at 410$, out at 1400$. Don't worry guys, it's just my trading stash, not cold storage.  

[mike4001]

I just took some profit, thank you Bitcoin. In at 410$, out at 1400$. Don't worry guys, it's just my trading stash, not cold storage.  

You could have waited for $ 1410 for the full $ 1000 profit

[adaseb]

If you take the GDAX/Gemini rate and multiple by USD/CAD you get exactly $2002

1 BTC =

[JakaE]

I give it a couple of hours. No sell wall can hold bitcoin down.

*minutes 

[Lauda]

Not much we can do about that. Looks like the price will never go above $1436.

 

I know that you're being sarcastic, or at least hope that you are. The "mini-wall" has been eaten:

New Bitstamp ATH $1440. Does anyone remember when reaching gold parity was interesting?

[marcus_of_augustus]

I'll take 2 for me too pls.

[jhelyn]

The bitcoin price is going crazy (on my point of view since I haven't checked it in a while)