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

[lucas.sev]

China: "yawn"

China is bearish; will go below 3,000. Not sure when though.

Trolling or is that your prediction? That would mean <500USD in China.

[ErisDiscordia]

Whoever bought those thousands of btcs today save all you bulls from a crash and you know it:

https://i.imgur.com/3q12MKq.png

still near to 0 volume... this market is a lie

I know what I can see.... is this guy flipping the bird or what? 

Quoted for making me laugh a bit too much  

[Nemesis]

Is it just me or bitcoinity order book chart is so damn slow to update?

Its messing up with your morale lol?

[MoreFun]

Welcome $940+ in a few hours. 

[thezerg]

The fact that a simultaneous buying takes place in gox and selling in stamp is so hilarious.

Soon you will say that it is bullish that a large holder of goxbux wants out!  

China: "yawn"

From my point of view China reversed Monday's correction with a few large buys at dawn.  I think they remain very relevant.  

As you observed we are well above the long term exponential trend.  The US and Europe were doing just fine supporting that trend for the last 4 years.  Second market and other bullish news do not imply that US and Europe are ready to break away from the trend -- although an exponential trend is so hard to maintain we must expect a break away eventually.

Now the world's second largest economy (and fastest growing) is suddenly having their first bitcoin bubble.  It is quite possible that this increased adoption has increased the "slope" of the long term exponential trend and will continue to do so for an extended period.

A look at the dynamics of the markets in the past 2 months clearly shows them providing support for each other, causing corrections to not be nearly as deep.

[mccorvic]

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

[NamelessOne]

Is it just me or bitcoinity order book chart is so damn slow to update?

Its messing up with your morale lol?

Yes it is always slow, I like bitcoinity a lot, but the orderbook chart is always minutes behind.

[Nemesis]

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

Did you say madness?

[Zangelbert Bingledack]

I just can't shake the feeling that there's one more good thrust left in this run.

[niothor]

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

Nope , it's gonna be happiness all over.
At least i'm gonna be happy.

[Nemesis]

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

Nope , it's gonna be happiness all over.
At least i'm gonna be happy.

Arent you a cute little bear? (your avatar)

[DaRude]

absolute massive dumps on bitstamp, yet the price is quite stable. someone tried to force it down, betting on a dual-top (and trying to self-fulfill this)?

Rather some big whale at Gox wants dollars he can actually transfer back to his account, and is thus cashing out at Bitstamp. Added benefit: heavy buying will create upwards pressure on Bitstamp, meaning he can sell >2000 BTC there between 830 and 850 - which is exactly what's happening now.

  Huh didn't think of that. Interesting theory but i tend to think that there are cheaper ways  to cash out at gox, especially for a whale.

[niothor]

If 900 falls, it's going to be madness! MADNESS!

The only short-term indicators that matter, bid/ask sum keep fueling up for a breakout.

Nope , it's gonna be happiness all over.
At least i'm gonna be happy.

Arent you a cute little bear? (your avatar)

Bears can turn pretty ferocious , you know
Also , I'm undercover

[ChefBorjan]

Did the lower ask walls on Stamp get bought or just pulled, was anyone watching? Now we just have regular asks placed evenly up to 900, where a 500ish BTC wall sits...

[Nemesis]

I think we will take a break today at around 860-870. Going too fast only on Gox isnt a good thing.

Gotta wait for the Chinese and Bistamp to catch up.

[Richy_T]

Are we there yet?

[Davyd05]

I think we will take a break today at around 860-870. Going too fast only on Gox isnt a good thing.

Gotta wait for the Chinese and Bistamp to catch up.

890 as a i live an breathe

[Zangelbert Bingledack]

900's being a real cocktease.

[Rampion]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

[lucas.sev]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.