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

[Ares]

This much upwards pressure is a very strong sign on a Sunday, seeing as how it is driven by very limited funds.   Once deposits start processing on Monday, expect a really good week.

I assume you aren't referring to USD deposits on Gox, correct?

Why do you assume he don't refer to USD deposits on Gox?

Because USD deposits and Withdrawals have not been allowed on mt.gox due to "banking problems" for like 2 months.


Chat buddy got a 7-combo on this page. New record?

[Kupsi]

This much upwards pressure is a very strong sign on a Sunday, seeing as how it is driven by very limited funds.   Once deposits start processing on Monday, expect a really good week.

I assume you aren't referring to USD deposits on Gox, correct?

Why do you assume he don't refer to USD deposits on Gox?

Because USD deposits and Withdrawals have not been allowed on mt.gox due to "banking problems" for like 2 months.


Chat buddy got a 7-combo on this page. New record?

I believed USD deposits took 7-10 days? If so, new funds will arrive every day.

[ChartBuddy]

[Loozik]

I am not a fan of oscillators, but shouldn't we be prepared to go down?

Blue is a regular bearish divergence, red are hidden bearish divergences.

Disclaimer: this is not a call; this is just speculation of what MIGHT happen.

[ChartBuddy]

[Tzupy]

Shhh, don't tip the uber-bulls...
// start sarcasm
Uber-bulls have nothing to worry about, the price is going 'up uP UP', 'to da moon', parabolic, whatever you want.
// end sarcasm

[wachtwoord]

Shhh, don't tip the uber-bulls...
// start sarcasm
Uber-bulls have nothing to worry about, the price is going 'up uP UP', 'to da moon', parabolic, whatever you want.
// end sarcasm

For the longest time ...

[Loozik]

Shhh, don't tip the uber-bulls...
// start sarcasm
Uber-bulls have nothing to worry about, the price is going 'up uP UP', 'to da moon', parabolic, whatever you want.
// end sarcasm

If you historically had the below set up, it could have brought you some good entries and most importantly good exits. Yes, I know divergences that are unsupported by additional studies can be pretty much misleading. The current divergence can therefore mean shit.

[gandhibt]

Speaking of btc-e troll boxes. It must be jumping, some big sells in the litecoin market with interesting resistance.

I think there will soon be good trading opportunities with LTC.

Tell me more?

[Its About Sharing]

Shhh, don't tip the uber-bulls...
// start sarcasm
Uber-bulls have nothing to worry about, the price is going 'up uP UP', 'to da moon', parabolic, whatever you want.
// end sarcasm

If you historically had the below set up, it could have brought you some good entries and most importantly good exits. Yes, I know divergences that are unsupported by additional studies can be pretty much misleading. The current divergence can therefore mean shit.

Thanks for the divergence tips. I have been following some other divergences. Just a not though - with the withdrawal problems at Gox, the divergences (especially with regard to the volume) have not been having the normal corrective results. That started around 1.5 months ago or so, maybe more. Anyway, I'll keep an eye on these divergences. (And I hear Gox is getting better regarding the withdrawals, so perhaps the divergences become more responsive/corrective). The chart looks overall pretty strong though, let's see how this week pans out - I say a challenge and perhaps break of 125...

IAS

[ChartBuddy]

[Loozik]

Tell me more?

1. The price and volume action MAY indicate some bullish opportunities in future. To early to say + incomplete LTC charts (historical data missing - bitcoinwisdom does not have all past data).

2. If you can get complete LTC hooked to tradingview (with all historical data) I will reciprocate by giving you an LTC call or two.

[Wekkel]

Price action is not overly impressive. I withdrew my coins and await bigger movements , looking for an entry. Its not about being right, but covering potential losses. Other opportunities will arise. Back to the 6-hour charts for me.

[ChartBuddy]

[ChartBuddy]

[QuestionAuthority]

34 difference between BX and Gox now. lol

[ChartBuddy]

[18RATTT]

34 difference between BX and Gox now. lol

go! try to arbitrage then!

if you cant withdraw the fiat from one end, its not arbitraging isnt it??

[QuestionAuthority]

34 difference between BX and Gox now. lol

go! try to arbitrage then!

if you cant withdraw the fiat from one end, its not arbitraging isnt it??

It it even possible to get cash out of Gox anymore?

[JimboToronto]

if you cant withdraw the fiat from one end, its not arbitraging isnt it??

That depends on the waiting period between buying your fiat and being able to transfer it to another exchange to sell it.

The arbitrageable gap has existed for over a month and fiat withdrawals only take a week.

The only snag is if the price of fiat continues to drop at too fast a pace to maintain a sufficient spread.

If your aim is to acquire more fiat, it's easy. Simply sell high at an exchange with high prices such as Bitstamp or BTC-E, and buy low at MtGox. If the spread is sufficient, a mere week's wait is nothing to earn up to 10% on your investment. Since the sell and re-buy happen within minutes, the chance of the spread closing is negligible. Low risk, decent profit.