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

[rudius]

Wow.  This battle is epic and made me glad i dumped into that strange 514 wall? wtf was that guy thinking?

what a market.

breakout action ... do you go all in or wait for one more pullback? ... we're right on trend right now, might never see this low again is the psychological battleground.

Not so sure, there will be flash crashes. They have to shake the market a little bit to clear the path

[barbs]

Wow.  This battle is epic and made me glad i dumped into that strange 514 wall? wtf was that guy thinking?

what a market.

breakout action ... do you go all in or wait for one more pullback? ... we're right on trend right now, might never see this low again is the psychological battleground.

i've made money and can always afford to buy 1 btc even if we go to 60,000$/btc.

340 last week? 515 this week? lol... Who the fuck knows anymore, all i know is I have many pictures with whales

[rudius]

chinese gone crazy. Panic buying

[_javi_]

welcome back, Chinitos!

[rudius]

Next step, shorts have to rebuy

[keithers]

we are now at a new high for the month of April...we have a little ways to go to get past March levels...

[chessnut]

welcome back, Chinitos!

en espanol es 'chincos' no?

[Patel]

Reason for the pump:

http://video.cnbc.com/gallery/?video=3000267349

You'll see the dumps when all the influx of newbies start buying in after they watch this documentary

[_javi_]

welcome back, Chinitos!

en espanol es 'chincos' no?

chinitos = diminutivo de chinos
little chinese

estan comprando todo!!!

[silverfuture]

You should hold off on the champagne until Huobi breaks 3200

[seleme]

FFS, from all alts that are rallying it's xpm who decided to not where I'm loaded 

Not my week 

[billyjoeallen]

The volume of this pump is very similar to March 3. The difference is that it is spread over two days instead of one. I won't trust this as a true recovery unless there is a successful retest of $340 support on higher volume. Every dollar spent on the exchange is a dollar not used to put a floor on the price in the event of another stampede for the exits.

You kids run and play. I guess it falls to me to be the responsible adult in the room. A roll I am unused to. Hopefully I will not be needed.

fine words, sir.

I disagree. The pump of March 3 was one single player with a few millions. This one is a lot of tiny little buys on Chinese markets that keep on pressing from the bottom up, inspiring confidence in the western markets and causing the leveraged shorts to explode in a fireworks show.

Is this concerted? I don't think so. I think we simply have a new massive herd of Chinese gamblers who are entering the speculation game by buying bitcoins and altcoins.

You said yourself we are all China's bitch. Here's something that just popped into my head:

Whacky conspiracy theory:

Price is being manipulated by the PBoC to accumulate a large position for the purpose of adding it to it's gold and foreign currency reserves. The ultimate goal is to make the renminbi a major world currency, possibly the world's reserve currency.

evidence for said whacky theory:

1. stochastics are funny.

2. Public airing of pro-bitcoin feature on public television followed by outright hostile words and policy, followed by...uncertainty"

evidence against said whacky theory:

1. That's the beauty of conspiracy theories. The lack of evidence merely shows you how deep it goes!

discuss.

[chessnut]

welcome back, Chinitos!

en espanol es 'chincos' no?

chinitos = diminutivo de chinos
little chinese

estan comprando todo!!!

... Ah claro. los pequenos chinitos jaja.

[Ozymandias2]

If this keeps up, 3 day MACD will cross some time next week

[roslinpl]

$520,00 @Bitstamp

$600 is a matter of hours ... IMO 12h.

[KFR]

I know I've done this a couple of times now but I feel obliged to point out how much fun it (almost always) is to watch OKCoin's LTC 1m chart:

https://bitcoinwisdom.com/markets/okcoin/ltccny

[rudius]

You said yourself we are all China's bitch. Here's something that just popped into my head:

Whacky conspiracy theory:

Price is being manipulated by the PBoC to accumulate a large holdings for the purpose of adding it to it's foreign currency reserves. The ultimate goal is to make the renminbi a major world currency, possibly the world's reserve currency.

evidence for said whacky theory:

1. stochastics are funny.

2. Public airing of pro-bitcoin feature on public television followed by outright hostile words and policy, followed by...uncertainty"

evidence against said whacky theory:

1. That's the beauty of conspiracies. The lack of evidence merely shows you how deep it goes!

discuss.

I want the exact same thing that you drink or smoke!

[EuroTrash]

Is this rally sustainable, and how long?

[chessnut]

Is this rally sustainable, and how long?

I wanna be friends with the guy who can answer that question.

[rudius]

Is this rally sustainable, and how long?

like you said, chinese doesnt have a plan for trading, they are buying low prices. So as long that they consider it cheap, they will be like crazy.

We will certainly see at some point a violent pull back, but for now enjoy the ride