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

[ChartBuddy]

Explanation

[TERA]

Will we finally manage to keep a 3d macd crossover green...that is what I am hoping to see ( on stamp).

You cannot use 3D MACD when 1W EMA is down and is so close ($480). You need 1W MACD to break this:

[derpinheimer]

Explanation

The good part of this is that the wall was previously at $580 and had been there for awhile. So, the ask sum has overall dipped 1:1 with this sell. Thx for clearing the path buddy

[p0peji]

BTW look at how sad the Huobi orderbook is atm.  

[windjc]

BTW look at how sad the Huobi orderbook is atm.  

Yeah, this is only going to get worse. Not bots, not leveraged trading.

Its going to become a ghost town.

[shmadz]

I don't think bears are overestimating the lack of fresh fiat going to the markets. There has been no indication of any.

I don't think bears are overestimating the impact of the Chinese regulations or the long term problems with the exchanges not being honest about what is really going on.

If anything, the bears could be wrong about how stubborn bitcoin owners are about holding onto their coins - both those who buy on exchanges and those who mine.

Although, eventually, miners credit card bills are going to come due.

But the lack of selling and the lack of new coins to exchanges seems ridiculously high at the moment.

Its as if nothing can bring real despair to this market. It constantly high on hopium.

I think we literally might flatline for months. Which is a the worst possible scenario for someone like me.

I'm afraid you might be right,

as soon as we started to drop from the 800 range, I thought this might be like 2012, just a long drawn-out nothing.

.. until eventually.. .. ..something!

[TERA]

egg rolls anyone?

[bitcoinsrus]

egg rolls anyone?

[ChartBuddy]

Explanation

[shmadz]

that is the long term bottom line that I see. (CAD/BTC)

I have no idea if it will be final support, if it may be broken? (but I don't think so)

anyways, I think each of you are on an exchange that shows a similar support level. when prices drop to that level, I buy, otherwise, I wait.

if this is the end of low prices, so be it. it's not the end of the world.

if prices smash down through this bottom line, so be it, it's not the end of the world...

everybody just relax and remember that we are all one.

https://www.youtube.com/watch?v=zaGUr6wzyT8

:edit 2 to fix chart for better lines:

[adamstgBit]

egg rolls anyone?

i dont get it.

[Blue]

someone tell the Huobi pumpers they need to go to work again, price is dropping

[adamstgBit]

bears please click here.

this has been a public service announcement

[ShroomsKit]

someone tell the Huobi pumpers they need to go to work again, price is dropping

It's called a pump and dump. This is the dump.
You didn't expect anything else i hope.

[Krabby]

bears please click here.

this has been a public service announcement

Wish you showed that to me when it was first posted.

[adamstgBit]

someone tell the Huobi pumpers they need to go to work again, price is dropping

It's called a pump and dump. This is the dump.
You didn't expect anything else i hope.

I expect the next 24 hours to bring  437.5 low, 468 high, 455 close

with 15K volume on stamps

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

I don't think we are dumping today.  This impulse up was too sharp in my opinion. I think we test the highs of last week before selling off again.

Honestly, what's going on with these Chinese exchanges is beyond me at this point. I assume the rise is based on short covering. But no rise can sustain for too long, not with NO money coming into the exchanges.

But for today we are probably going to see more up before we see more down.

Bitfinex shorts are actually pretty high right now at 9.5k BTC... so on average ppl are taking not covering.  Longs are moderately high at 16.8M USD.

Where can I find the current info on sum of longs and shorts on Finex?

[Toxic2040]

can someone explain me why BTC-e has lower price for proximately 10$ than Bitstamp or Huobi ?

/tinfoil hat on

I have wondered about this as well. The only answer I can come up with that makes any sense is arbitrage. There appears to be a group or groups doing extended arbitrage between BTC-e and Bitstamp/Huobi and who knows where else. I have watched this for several weeks now and it is just to consistent to be coincidence imo. In the scenario I envision these groups have a few hundred to a few thousand BTC and do this daily taking $2,000-$20,000 profits out in fiat. Even with just 200 coins it's 60k a month, not bad profit.


/tinfoil hat off 

[TERA]

bears please click here.

this has been a public service announcement

Hot newses are not going to do anything to the price trend. There needs to be volume and capitulation.