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

[kurious]

Gox is really annoying, when the price rockets there - no other exchanges care, but when it crashes - they do follow

Not nearly as much though - the gap has closed from nearly 200 USD to approaching 50 - which is a hell of a lot.

Of course they pull back - but the surprise (so far) is that the fall has been relatively small....

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[ChartBuddy]

Explanation

[scorp1618]

Gox chart https://www.tradingview.com/v/4hKqJpci/

Update. This is not over.

https://www.tradingview.com/x/McJhunVe/

https://www.tradingview.com/x/he3JVSF1/

[Wyld]

I see today as great. Gox finally closed the price gap which it desperately needed to, and the other exchanges didn't lose much in the process.

[BitChick]

I see today as great. Gox finally closed the price gap which it desperately needed to, and the other exchanges didn't lose much in the process.

Gox?  What is this Gox you speak of? 

Some of us have been ignoring Gox for a while now.  But I think it proves that Gox is not as important in market valuation as it used to be, thankfully!

[scorp1618]

BitStamp showing the same signs that Gox is;

Gox: https://www.tradingview.com/i/4hKqJpci/

Stamp: https://www.tradingview.com/x/QE3IPrr3/

[seljo]

BitStamp showing the same signs that Gox is;

Gox:

Stamp:

OMG I have to go I need to sacrifice a chicken.

[EuroTrash]

Can Gox please die forever? It has become an embarrassment to our community. We can't be taken seriously enough with Gox being still around.

[Richy_T]

Er. I guess it is obvious if you think about it:

Maxcoin

EDIT: Yep - I groaned too.

I was rooting for Keisercoin

[Davyd05]

Every bitcoin post-rally has a slow final downwave that involves a 1 week MACD cross. It doesn't really need to be news-based.

did you bring this up cause this crossing just occurred on stamp ?

[Dragonkiller]

So if it follows previous patterns, after this downturn, we slowly start going up towards a new ATH?

[Davyd05]

So if it follows previous patterns, after this downturn, we slowly start going up towards a new ATH?

even if I have to wait till Sept. 2014 for the next rally, ain't no thang

[marcelus]

So if it follows previous patterns, after this downturn, we slowly start going up towards a new ATH?

Yes but we should have a long way to go if it follows previous patterns. Like into the $400s.

[Dragonkiller]

Looking at the chart, if it's like April, this downturn should last about a month, then we go to the moon 

[Davyd05]

766 wall munchy time, seems like someone wants the cheaper coins

[Dragonkiller]

So if it follows previous patterns, after this downturn, we slowly start going up towards a new ATH?

even if I have to wait till Sept. 2014 for the next rally, ain't no thang

What do you have planned for September?  

[BitChick]

I guess Second Market purchased 5870 coins a couple of days ago.  (See thread post: https://bitcointalk.org/index.php?topic=337486.msg4963260#msg4963260 )

Just wondering why this did not boost the price at all.  I assume all of the coins must have been purchased off the exchanges?  Hopefully they run out of miners to purchase from at some point!

[MANofthePEOPLE]

Almost 800 coins sold there on stamp. At least it's fun to see all these transactions after such a slow month

[ChartBuddy]

Explanation

[Dragonkiller]

Almost 800 coins sold there on stamp. At least it's fun to see all these transactions after such a slow month

Someone just bought about 600 coins on stamp