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

[adamstgBit]

we will be at 830 by monday, and then, lol, then you fools shorting satoshi are gonna start saying things like " why is price going up " " who's the moron buying   "

Fiat Vs Crypto

wtf did you think was gonna happen!?

 

CCMF

[1715311018]

1715311018

[TERA]

CCMF

Now I know for sure it's going down.

[seleme]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

[surfer43]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

[seleme]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.

[medialab101]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.

Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen

[seleme]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.

Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen

It's Saturncoin, yes.

[spooderman]

so what up with china? its feb....did anything happen?

[JimboToronto]

so what up with china? its feb....did anything happen?

Don't expect anything to happen in China until after the New Years celebrations are done, and they just started.

[medialab101]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.

Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen

It's Saturncoin, yes.

Apparently one of the coins released today 'Wikicoin' got almost completely pre-mined... and then the pre-mined coins got stolen...

Hilarious

[ChartBuddy]

Explanation

[TERA]

What's up with gox? JPY withdrawal fixed?

[Davyd05]

we will be at 830 by monday, and then, lol, then you fools shorting satoshi are gonna start saying things like " why is price going up " " who's the moron buying   "

Fiat Vs Crypto

wtf did you think was gonna happen!?

 

CCMF

due to currency rates, 817 Bitstamp is 909cad : D ....cavirtex is still at 898cad  but wait that means our coins are on discount, woo $11 off lol .. oh wait 3% fees bah!

I introduced a buddy who expressed interest in joining the hodlers club to the cad exchanges option and he gave the vault of satoshi a shot. I'll have to find out what the experience was like.

day 2 of the painful lack there of insta crash for the bears, slow squeeze on shorts.

[billyjoeallen]

we will be at 830 by monday, and then, lol, then you fools shorting satoshi are gonna start saying things like " why is price going up " " who's the moron buying   "

Fiat Vs Crypto

wtf did you think was gonna happen!?

 

CCMF

due to currency rates, 817 Bitstamp is 909cad : D ....cavirtex is still at 898cad  but wait that means our coins are on discount, woo $11 off lol .. oh wait 3% fees bah!

I introduced a buddy who expressed interest in joining the hodlers club to the cad exchanges option and he gave the vault of satoshi a shot. I'll have to find out what the experience was like.

day 2 of the painful lack there of insta crash for the bears, slow squeeze on shorts.

Time is on the side of the bulls. Time is always on the side of the bulls, unless you're leveraged. There's no way to be a bear WITHOUT being leveraged (no naked shorts), so all I have to do is crack a beer and wait. 

[ChartBuddy]

Explanation

[surfer43]

we will be at 830 by monday, and then, lol, then you fools shorting satoshi are gonna start saying things like " why is price going up " " who's the moron buying   "

Fiat Vs Crypto

wtf did you think was gonna happen!?

 

CCMF

due to currency rates, 817 Bitstamp is 909cad : D ....cavirtex is still at 898cad  but wait that means our coins are on discount, woo $11 off lol .. oh wait 3% fees bah!

I introduced a buddy who expressed interest in joining the hodlers club to the cad exchanges option and he gave the vault of satoshi a shot. I'll have to find out what the experience was like.

day 2 of the painful lack there of insta crash for the bears, slow squeeze on shorts.

Time is on the side of the bulls. Time is always on the side of the bulls, unless you're leveraged. There's no way to be a bear WITHOUT being leveraged (no naked shorts), so all I have to do is crack a beer and wait. 

TIL I can leverage Bitcoin. It is practically free money with it's volatility. It is only like 0.5% - 1% per day fees for staying in 

[empowering]

Bitstamp

Upside breakout scenario.

We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820


If we go continue to go up from here we may go from this $825 (ISH)  channel top we have been in trading sideways and go up to  $840 -$858 then there may be some resistance.

If we go up from there

$840- $858  then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..

If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get interesting...

I see us going up , but ...

Downside scenario from this current channel I can see the possible resistance/support levels
$825
$817
$800 psychological
$775 ish
$757 ish
$749
$725
??

Edit.... or for now we see more of this sideways trading within a channel $775- $820  until something goes bump in the night.

Bitstamp

Starting point was $820/5  today at around 02:55:31 PM

I have laid out my upside possible resistance/pivots/supports from my original post for easier viewing.

If we break out from now or over the next few weeks or at least the next month
then from $820-$825 I see the following possible resistance/pivots/supports.
 
$840-$858
$858-$880
$880-900 ($900 psychological for USD)
$900-$910/5 (could be a psychological resistance level as also $908/10 = CNY5500)
$910-$928
$928-$945
$945-$970
$991 - (could be a psychological resistance level as also $990/1 ish = CNY5500)
$Cape Canaveral

Downside scenario from this current $820 - $825 channel I can see the possible supports/pivots/resistance

$825 (this price could also be a psychological support because $825= CNY4999.99)
$817 - We dipped down to here for quite some time a good few hours February 01, 2014, 09:32:01 PM now hovering on or around $817 within plus or minus $2ish- or CNY 50 short of CNY5000 $817 first acting as support then switching to resistance - within $2-3 but $817 is quite a specific number we have been pivoting on off for quite a few hours… not $833 or $823 or  $807 - but quite strongly pivoting around $817 (+- $2-3ish) ….quite interesting to see what happens…. next….,  if there is consolidation at this level then there should be a movement one way or other…  
$800 psychological
$800 - $775 ish
$775- $757 ish
$757- $749 ($740 = CNY4500)
??

EDIT:as I was writing this we just shot up to $823 on Bitstamp, lets see if it can hit $825 (CNY5000) and what it does if and when it does....
EDIT 21:44 PM: The price levels and pivots I have posted are actually based on Fibonacci retracement lines over two timescales, however a few of the numbers also coincide on several occasions with psychological resistance levels, but in CNY as I have noted in brackets, which is a curio)

$817 Still bouncing along this resistance line

[billyjoeallen]

Bitstamp

Upside breakout scenario.

We are flirting and have been bouncing around $820 and there seems to be some form of resistance here, it is a little sticky..trading sideways into a channel around $820


If we go continue to go up from here we may go from this $825 (ISH)  channel top we have been in trading sideways and go up to  $840 -$858 then there may be some resistance.

If we go up from there

$840- $858  then I think we could trade in-between there up to $880 -$885 and see more resistance, if we break that then it is set for hitting the $900 - this is a psychological resistance point..

If there is a break out and if we go past $900 and break $910 -$915 then it has a chance to go onto break $928 and from there maybe we see a real break for $945 - $970 - $991 + then things get interesting...

I see us going up , but ...

Downside scenario from this current channel I can see the possible resistance/support levels
$825
$817
$800 psychological
$775 ish
$757 ish
$749
$725
??

Edit.... or for now we see more of this sideways trading within a channel $775- $820  until something goes bump in the night.

Bitstamp

Starting point was $820/5  today at around 02:55:31 PM

I have laid out my upside possible resistance/pivots/supports from my original post for easier viewing.

If we break out from now or over the next few weeks or at least the next month
then from $820-$825 I see the following possible resistance/pivots/supports.
 
$840-$858
$858-$880
$880-900 ($900 psychological for USD)
$900-$910/5 (could be a psychological resistance level as also $908/10 = CNY5500)
$910-$928
$928-$945
$945-$970
$991 - (could be a psychological resistance level as also $990/1 ish = CNY5500)
$Cape Canaveral

Downside scenario from this current $820 - $825 channel I can see the possible supports/pivots/resistance

$825 (this price could also be a psychological support because $825= CNY4999.99)
$817 - We dipped down to here for quite some time a good few hours February 01, 2014, 09:32:01 PM now hovering on or around $817 within plus or minus $2ish- or CNY 50 short of CNY5000 $817 first acting as support then switching to resistance - within $2-3 but $817 is quite a specific number we have been pivoting on off for quite a few hours… not $833 or $823 or  $807 - but quite strongly pivoting around $817 (+- $2-3ish) ….quite interesting to see what happens…. next….,  if there is consolidation at this level then there should be a movement one way or other…  
$800 psychological
$800 - $775 ish
$775- $757 ish
$757- $749 ($740 = CNY4500)
??

EDIT:as I was writing this we just shot up to $823 on Bitstamp, lets see if it can hit $825 (CNY5000) and what it does if and when it does....
EDIT 21:44 PM: The price levels and pivots I have posted are actually based on Fibonacci retracement lines over two timescales, however a few of the numbers also coincide on several occasions with psychological resistance levels, but in CNY as I have noted in brackets, which is a curio)

$817 Still bouncing along this resistance line

This is an orderly climb. This is very good.

[empowering]

This is an orderly climb. This is very good.

No argument for me..I am expecting up as I say... just noting that the $817 level I pointed out yesterday as being a potential resistance/pivot/support  level has indeed done so for the past 12 hours baring minor dips out but not out of the channels...  I am going to continue to track the pivots and levels I have posted and see how they continue to play out... as a bit o fun

[NewLiberty]

Altcoins are going mental.

There is a scrypt coin launched 6 hours ago, has network hashrate of 5.5 Gh and difficulty over 80 with 100 coming in next dozen blocks.

Freaky unbelievable.

Yo the hash rates of new alts grows double exponentially and then falls 1500% in 4 days. Do you even history?

This one is special, none ever gained so huge hash rate and difficulty in first few hours, it's mental.

Not sure which one you're referring to but it's been an interesting day for alt releases all around --->
https://bitcointalk.org/index.php?topic=444549.0;topicseen

It's Saturncoin, yes.

This is how you kill a new alt yes?  Mine up the difficulty and then abandon it so the blocks stop?