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

[DieJohnny]

Moon coin, Doge Coin? to which are you referring?

[adamstgBit]

Moon coin, Doge Coin? to which are you referring?

bitcoin

f all the other coins.

[MAbtc]

We bounced off expected resistance but I'm becoming less and less confident that downside momentum will materialize. Seems 4200 may have been the mid-term bottom. If the EW heads are right, a strong bull move may be coming soon.

[billyjoeallen]

Coinbase is down. This should be interesting. Nobody really knows their volume.

and you altcoin assholes need to stick to your own threads and subforums. The Moderator here is really dropping the ball.

[humanitee]

Coinbase is down. This should be interesting. Nobody really knows their volume.

and you altcoin assholes need to stick to your own threads and subforums. The Moderator here is really dropping the ball.

Implying blitz ever had the ball to begin with. LOL

[bull1692]

New poll?  How long to 1k on Stamp?

Coinbase is back up.

[humanitee]

Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.

[Chancellor]

Don't know about yen, but for PLN it is not true anymore. Currently PLN withdrawal is as hard (or as easy, depends on point of view) as EUR one. So better than USD, but still a month is to be expected.

Thanks for that... whanted to open an account there...

I have a verified account on MtGox and an account in Polish bank. There was a special choice for PLN transfer in their withdrawal panel, but now it just only contains information that it does not work anymore and links to their new "Withdrawal Center" where one can define withdrawal account. I have defined my Polish bank account there, but after submitting two support tickets (they were even answered, but well...), it is still inactive. When it will be finally activated I plan to try a withdrawal of some small amount.

[Martynas]

anyone knows how many days takes withdraw money from Huobi?

[tonyq]

An exponential log chart? is this the end of the world??

No, as the chart bases on MtGox, this "exponential correction" just accounts for fiat withdrawal troubles...

Has anyone managed to get fiat out of gox. I have about 2.5k in there

had $2000 left there myself. waited over two months before I gave up, cut my losses and converted back to BTC at their outrageously inflated prices, but at least i got something. FtGox is dying running out of coins to trade. that's hwy the price is so high there. I lost close to 20%.  Mark pissed away a billion dollar opportunity with that company.

I also gave up after waiting over 2 months.
They put the money back into my account at my request and I also converted back to bitcoin (at a loss),  just to get the hell out of there.
Dreadful place to try getting fiat from.

[WeltMaster]

Hahaha, what the heck is gox doing. Like 10% market volume leading the charge

[MatTheCat]

Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.

What, you mean that rigged exchanged dominated almost entirely by bot trading with the odd hapless soul buying coins in order to transfer to the Stamp where he can actually get his fiat back at a 10% loss?

Yeah, I noticed that on Gox, an all important resistance level was taken out which seems to have lead to a lot of fools market analysts forecasting a big rally over the next few days. But as you say, on the exchanges where BTC can actually be exchanged for fiat that can actually be withdrawn to a bank account, a drop back down to $700s looks a near certainty.

So who do I believe to most realistically represent the workings of global Bitcoin trade, Gox, or all the other ones?

Today, I doubled my short position at $832, if that helps clarify my position.

[WeltMaster]

Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.

What, you mean that rigged exchanged dominated almost entirely by bot trading with the odd hapless soul buying coins in order to transfer to the Stamp where he can actually get his fiat back at a 10% loss?

Yeah, I noticed that on Gox, an all important resistance level was taken out which seems to have lead to a lot of fools market analysts forecasting a big rally over the next few days. But as you say, on the exchanges where BTC can actually be exchanged for fiat that can actually be withdrawn to a bank account, a drop back down to $700s looks a near certainty.

So who do I believe to most realistically represent the workings of global Bitcoin trade, Gox, or all the other ones?

Today, I doubled my short position at $832, if that helps clarify my position.

To me the downtrend from the 6th to the ~18th of Janurary failed, coupled with the fresh new fiat from the good news, overstock for example, will be hitting the exchanges about now.

Gox is just leading the charge like usual.

[meanig]

Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.

What, you mean that rigged exchanged dominated almost entirely by bot trading with the odd hapless soul buying coins in order to transfer to the Stamp where he can actually get his fiat back at a 10% loss?

Yeah, I noticed that on Gox, an all important resistance level was taken out which seems to have lead to a lot of fools market analysts forecasting a big rally over the next few days. But as you say, on the exchanges where BTC can actually be exchanged for fiat that can actually be withdrawn to a bank account, a drop back down to $700s looks a near certainty.

So who do I believe to most realistically represent the workings of global Bitcoin trade, Gox, or all the other ones?

Today, I doubled my short position at $832, if that helps clarify my position.

There's no problem withdrawing your money locally to a Japanese bank in Yen. I suppose the big players can arrange foreign accounts without any difficulty.

With Mtgox the rich get richer while the poor get poorer.

[MatTheCat]

I've come to conclusion that declaring one's bearish sentiment here on the forums is a bad idea. It'll just make the whales want to squeeze you out even more.  

Somehow, I don't think the whales are going to be really motivated to squeeze me out and if they were to squeeze me out, they would have to take out the $851 resistance level to trigger my stop losses and I doubt they will entice in enough dumb capital to do that, which means if they were to squeeze out my position, they would have to take a significant loss to do so. I have sat all afternoon watching how so many of my short-trades were prevented from being triggered by one cent...so I lower bid and yet again, my trade is underbid by one cent etc etc. When the trading bots are in that mode of impeding actual human hands from selling at ask wall, I feel pretty confident which way the trade is going from here. Over the weekend when shorting was a bad idea, all short limit orders would be filled instantly. No obstruction from the bots selling at highs on bounces during that trend.

To me the downtrend from the 6th to the ~18th of Janurary failed, coupled with the fresh new fiat from the good news, overstock for example, will be hitting the exchanges about now.

Gox is just leading the charge like usual.

If you don't mind, I will shall remind you of this comment in a couple of days time from now.

(I can smell the wishful thinking all over it)

[billyjoeallen]

I've come to conclusion that declaring one's bearish sentiment here on the forums is a bad idea. It'll just make the whales want to squeeze you out even more. 

I really wish there was a safe reliable way to lend out my coins to bears for short-selling. I'd get more coins and market slides would be halted by bears covering their shorts. it would be win-win. and I'd get the added entertainment of short-squeeze drama.

[MatTheCat]

I really wish there was a safe reliable way to lend out my coins to bears for short-selling. I'd get more coins and market slides would be halted by bears covering their shorts. it would be win-win. and I'd get the added entertainment of short-squeeze drama.

Got to Bitfinex and do it there.......don't know why anyone would want to as the interest rate paid is something like 0.03% per day (i.e. totally shit), but there is generally around 2000 BTC available at any one time for margin trading.

[deadfi$h]

We bounced off expected resistance but I'm becoming less and less confident that downside momentum will materialize. Seems 4200 may have been the mid-term bottom. If the EW heads are right, a strong bull move may be coming soon.

I agree that the downward move seemed to fizzle out and I don't have much confidence in it returning in the short term.

That said though, I'm not convinced that we're making a move in any direction until we break out of this range (4660 - 5150 Huobi, 765 - 850 Bitstamp). We could very well oscillate up and down in range until after the 1st. Looking for a strong break of 850 to confirm a move up.

[T.Stuart]

That said though, I'm not convinced that we're making a move in any direction until we break out of this range (4660 - 5150 Huobi, 765 - 850 Bitstamp). We could very well oscillate up and down in range until after the 1st. Looking for a strong break of 850 to confirm a move up.

We will be up an out well before the first - this week easily.

[segeln]

That said though, I'm not convinced that we're making a move in any direction until we break out of this range (4660 - 5150 Huobi, 765 - 850 Bitstamp). We could very well oscillate up and down in range until after the 1st. Looking for a strong break of 850 to confirm a move up.

We will be up an out well before the first - this week easily.

not easily in the ongoing  lateral Movement, but it will go up at least direct after the weekend.