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

[porcupine87]

Every time the price hits the same level twice someone shouts "double top" or "double bottom"... I think there is more TA to it than that.

What more? Does ist matter if market informations chance?

[1714854770]

1714854770

[1714854770]

1714854770

[p0peji]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

Not wanting to crash the price at once is what is going on.

[dreamspark]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

[ChartBuddy]

Explanation

[macsga]

WARNING!!!

Legit TA follows:



Double bottom formed at $400

CCMF!!!!1

There seems to be problems with that TA. 

The double bottom may be forming but it is NOT formed in the chart.  IN that regard, I can see that the double bottom is on its way, and it appears to be a nice one, but at the moment, at best it is only  a 1 1/4 bottom.

This is a very good observation, indeed. The previous as... err... bottom has been formed at about Feb 24, thus it's not focused. I therefore sit on my desk patiently, grabbing some popcorn and waiting for the TRIPLE bottom forming.

PS1: Still CCMF stuff...
PS2: Feel free to contribute with your legit charts.

[Davyd05]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

[TERA]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

[dreamspark]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

[dreamspark]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

The "news" that their banks were going to be closed, thus you can attempt to estimate the effect that those other things you mention will have. Not quiet sure what your trying to say.   

Are you trying to tell me that the Chinese exchanges having their accounts closed is not news somehow?

[Cassius]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

I believe it was in person. I wouldn't assume that because it's not in writing it's less significant. China doesn't work the same way as US/Europe.

[lebing]

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

[macsga]

Who knows its a mystery at this point, I beleive the oral communication part was between Huobi and their bank though not their bank and pboc?

For some strange reason, I tend to intimate the bold letters above with sex... it might just be that I've a long time to get laid.  

[ShroomsKit]

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

[TERA]

People whats going on?

We are close to 400 and there is no volume at all! Do something!

To be honest I think most of the news was already priced in and people have been taking their positions over the last few days.

However this is just the announcement and the deadline is not for a few more days so no doubt theres people waiting to buy until after that...

it gets extended in the Reddit I read regarding huobi, to the 18th lol. However real question is some are saying this is a call, oral communication. It is possible a very successful social engineering hack to FUD us to death lol.

I can't imagine the pboc not putting this shit in writing lol .. or they really are just brake pumping till they can think of better controls, which will never occur

What is this "news" you keep talking about? China is a place, not a "news". There are real people, exchanges, coins, and fiat. If exchange banking goes down, the flow of fiat in decreases and the flow of coins being distributed increases.

The "news" that their banks were going to be closed, thus you can attempt to estimate the effect that those other things you mention will have. Not quiet sure what your trying to say.   

Are you trying to tell me that the Chinese exchanges having their accounts closed is not news somehow?

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

[macsga]

Is anyone active on chinese forums? What is the general conensus there?

Fuck it, I'll get the hell out of BTC.
Fuck it, I'll transfer my BTC to an exchange outside of China.

?

General consensus is 保持*



*http://translation.sensagent.com/%E4%BF%9D%E6%8C%81/zh-en/

[magicmexican]

I could be wrong because i dont note exact numbers, but it feels that there is more buying compared to the last crash to 2410~

[dreamspark]

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

[Cassius]

Is anyone active on chinese forums? What is the general conensus there?

Fuck it, I'll get the hell out of BTC.
Fuck it, I'll transfer my BTC to an exchange outside of China.

?

General consensus is 保持

Chinese for HODL?
I'm not sure that's what they're saying in China...

[lebing]

it seems that might be all of the ammo the bears had.

if so, the moon is not far away.

I've been reading exactly this every other day for 3 months now.

The difference now is that China has actually got to a sustainable solution. Now they have found a solution which provides the capital control they desperately needed without completely banning a revolutional technology. Similar to the compromise that they came to with the internet as whole.

In other words, we have reached peak China-bear-ness, which was something that could not be said 3 months ago.

[Cassius]

I'm saying that a change in cash flow due to something actually happening has a real and direct affect on the market regardless of what speculators think and is almost impossible to prepare for or 'price in'.

Okay, well I agree with you to a point but its not impossible to prepare for, if you anticipate based on the news that the price will drop due to exchanges bank accounts being closed then that is preparing for it, thus it gets priced in slightly.

Are you attempting to suggest that the price drop due to the confirmed news would have been the same amount even if people had not already heard it was likely and taken a position based on that.

I won't speak for TERA, but 'news' is 'priced in' on guesswork. When banking services are withdrawn, we'll see how accurate the guesswork was.
This happens all the time, hence xxx news report saying 'shares rose as earnings exceeded expectations' or whatever.