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

[chessnut]

you cant call a natural proportioned reaction 'dumping'. the trend is up. there was no dumping a few hours ago how does it continue?

You're a dreamer.

Stamp is crawling around the floor. Willy stopped buying, so Gox-Boost is tuned off.

The only reason that is impeding a hard dump is Huobi. They don't move, and they don't care a lot about Stamp and Gox.

There is no visible trend anywhere, price is floating between Support and Resistance.

its called a wedge, where higher lows are intact but price fails to make a new high several times. you knew that. the trend is up an this is a typical reaction because it has presented it's self as nothing more. there are too many reasons to comprehend what moves the markets, many being irrational, so any crash talk at this stage is not well entailed.

[bambou]

boooring  

need some action!!


http://www.tuxboard.com/photos/2014/01/navette-depart.gif

[ChartBuddy]

Explanation

[Asrael999]

i think it's definitely a fund buying coins

If I was a fund and wanted to buy coins, I would not choose an exchange where they are 15% more expensive...

nor one where I could not get my customers fiat out if I had fund redemptions...

[Rannasha]

Whats with all the references to "willy"? Who or what is this?

Willy is the name used in this thread for the bot that has been buying bunches of Bitcoin periodically on Gox for the last few weeks or so. It's assumed to be the main reason why the Gox/Stamp difference has grown so much.

[TERA]

Nice 800 dump on stamp.

[granathus]

Good news keep pouring in on a daily basis, still the market is paralyzed in waiting for China mode. I feel strongly that we are at a plateau that will never again be revisited, and I have now put everything I am able to into Bitcoins. Does anyone else share this feeling of impending boom?

[HairyMaclairy]

Stamp broken below tight range to 810 USD

Wall at 810 under attack 70 btc in a blink

[HairyMaclairy]

Momentary excitement over sitting  back quietly at 811 on stamp. 

[ChartBuddy]

Explanation

[Bunkervogel]

Next dump on stamp.

[HairyMaclairy]

But not enough to tip the apple  cart.  Which is good because I have very little fiat on exchange at this moment.

[MatTheCat]

Stamp broken below tight range to 810 USD

Wall at 810 under attack 70 btc in a blink

Yep, any large volume gets triggered at $801-$802, bot microtransactions push spot back to crucial 810 support.

Tells ye everything ye need to know.

[ChartBuddy]

Explanation

[wilfried]

Good news keep pouring in on a daily basis, still the market is paralyzed in waiting for China mode. I feel strongly that we are at a plateau that will never again be revisited, and I have now put everything I am able to into Bitcoins. Does anyone else share this feeling of impending boom?

no!
i think at the moment the whole market is in hodl-position and going to hibernate. just some more hodlers and we will get crazy market actions, because of very thin order books.
first price will crash, then risk-oriented-hodlers will temporariliy get out of hibernation, which will leed to some peaks and bots will have big times but that will be just crazy action during hodl-hibernation.
until the next rally it will stay like this.
and i think the next rally is not very near, as we need many times more news than some months ago, because people were scared big time by the volatility in november/december. the new normal-folk-paradigma concerning bitcoin for now is: "but since china ban it´s dead, isnt it?"

we already see the bid-ask spread in the actual m3 chart of stamp, very bad sign imho

[Mythul]

Just look at the Huobi volume, it plummeted a lot in the last 2 weeks :O:O:O
http://bitcoinity.org/markets/list?currency=ALL&span=24h

[kromer]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

[MatTheCat]

Just look at the Huobi volume, it plummeted a lot in the last 2 weeks :O:O:O
http://bitcoinity.org/markets/list?currency=ALL&span=24h

You are correct.

Volume has dropped on all exchanges but considerably so on Huobi.

Perhaps they have finished gambling and now need to cash out. If they cash out on their own exchanges then this will drive price down, therefore perhaps the cash out will occur on western exchanges. Perhaps already the lionshare of Chinese Bitcoin are already in relatively few hands, which might allow for such a trend to be coordinated without any seriously worrying chart trends registering on their own exchanges?

[saekki]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Source?

[fr33d0miz3r]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Source?

Only BAD news must be confirmed with sources. GOOD news doesn't require it.