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

[Richy_T]

Wow. Risto sure has charisma.

I can't think of any other poster who garners so much gossip and personal attention.

No wonder he's not lacking in self esteem.

 

Jorge, Goat in his day, BJA when active.  It tends to be pettier with Risto, I think.  He's actually pretty inoffensive, and rather clever, generally a helpful man of good-will and a contributor to the community.  Certainly observing his fate has convinced me to maintain pseudonymity while feasible.  For some reason, although I think less flush than Goat, Risto seems to focus all the jelly.  Perhaps because he started another thread to get away from the nastiness on this one, the nasty types think he's putting on airs.  Amusingly, Goat actually started another forum site to get away from this trash.  The signal/noise ratio there is vastly better.  But it's not an external face of bitcoin, so I see value in posting here, where google is likely to take novices.

+1. There's a few people on here I wouldn't mind meeting in real life and Risto's one of them.

[oda.krell]

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.

Were you watching how it happened Oda?

It was very very strange.

I know, I was online. I'm glossing over those details.

But aside from how the strange finex action and how the crash started exactly, in a similar situation to that of the "log downtrend" 12 days ago, every trader was watching the SMA200 like a hawk. I don't find it surprising at all that we saw major action around (and below) it.

[Blue]

We choose to go to the moon not because it is easy but because it is hard!

We choose to go to the moon not because it is easy but because it is hard ly a problem with bitcoin !

[seleme]

Lol, Bitstamp was on 635 last night when Huobi was at this level. Now at 660.

[oda.krell]

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.

Were you watching how it happened Oda?

It was very very strange.

Based on his description, I'm guessing he partook in it. :P

I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese.

It's that obvious, huh :D

Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now.

[seleme]

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.

Were you watching how it happened Oda?

It was very very strange.

Based on his description, I'm guessing he partook in it.

I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese.

It's that obvious, huh

Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now.

You mean close the candle above SMA200? We're above now.

[Gingermod]

At least volume is rising

[Gingermod]

http://www.btcpredictions.com/NewPredictor.php

We 720 soon?

[ChrisML]

Sooo, Bitstamp down? 

[N12]

^ Works again for me now.

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.

Were you watching how it happened Oda?

It was very very strange.

Based on his description, I'm guessing he partook in it.

I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese.

It's that obvious, huh

Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now.

That SMA isn't as magic or precise as one would hope, unfortunately. Check out the 2011 Dec, 2012 Jan period with an ascending triangle with 7.20s as its resistance.

[deadley]

why suddenly 15-20 USD jump any explanation pls.

Some whale just made a 600 BTC market order in very thin market which took price up $20 in as many seconds.

Now there is a bit of a panic buy, but I aint touching it....fucking insanity.

thanks for explaining

why suddenly 15-20 USD jump any explanation pls.

did you even google what is bitcoin?

I am not good on trading, so its doesnt mean I dont know what is bitcoin.

[Gingermod]

I have a feeling we're gonna go up again, breaching 700.

[ChrisML]

I have a feeling we're gonna go up again, breaching 700.

Same here.

MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON

[MOB]

I have a feeling we're gonna go up again, breaching 700.

I am surprised that the line is holding steady at 657-665, which I take to be pretty bullish.

[Gingermod]

I have a feeling we're gonna go up again, breaching 700.

I am surprised that the line is holding steady at 657-665, which I take to be pretty bullish.

Exactly, we're crazy steady.

[keithers]

another 178BTC buy order at stamp at $669 just cleared off the wall again   This is getting good!

[oda.krell]

Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.

Were you watching how it happened Oda?

It was very very strange.

Based on his description, I'm guessing he partook in it.

I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese.

It's that obvious, huh

Yes. Short term trade, went in and out with a net zero. I'm still not 100% convinced we'll break through the ma200 tonight, but there's some real force behind this rally, I can't say otherwise, so being long makes more sense right now.

You mean close the candle above SMA200? We're above now.

Sorry, yes. daily close above.

[mmitech]

Litecoin on the other hand might just bottomed (if not fake walls)

[keithers]

I would love to see us stabilize off at around $685.... Of course I want to break $700, but if we can keep it steady, it will be much better than flash crashing our way right back down to where we started earlier today..

[mmitech]

and it is gone...


Edit: back up again, just lowered a bit... this is getting interesting...