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

[edwardspitz]

We just dropped out of the bottom of that triangle.

Yes, it doesn't look great. People need to look at Stamp and not China for this one I think.

[ChartBuddy]

Explanation

[DieJohnny]

can someone chart the largest bitcoin transactions in Dollar value every day for the past three years.

I believe the slope of this graph will match the slope of Bitcoin market cap.

[Raystonn]

And no follow-up drop yet.  This looks like a single player.  Someone wanted to paint the tape and kill the bullish formation.  Someone wants cheap coins.

[edwardspitz]

And no follow-up drop yet.  This looks like a single player.  Someone wanted to paint the tape and kill the bullish formation.  Someone wants cheap coins.

...or someone exploited the bullish sentiment and found willing buyers around $655. Those buyers are now exhausted and we have moved to the next level. If there is no buying pressure here whale(s) will move on I think. I agree the latest move looks like one player and you could be right that someone was stop hunting. There may be other whales with a more bullish outlook for the shorter term. I personally don't think a new super bubble is around the corner, but I have been wrong before

[ChartBuddy]

Explanation

[dnaleor]

we are below the new trendline... Hope it recovers. If not, a retracement to the lower fibonacci level at 534 USD is possible

[molecular]

starting to feel a bit uneasy... both shorts and longs have increased on finex (longs: 22.8 million USD up from 22.4 yesterday, shorts: 4720 BTC up from 4480).

Whichever way we go, it could be quite violent due to squeezing plus maybe some panic.

[gizmoh]

we are below the new trendline... Hope it recovers. If not, a retracement to the lower fibonacci level at 534 USD is possible

Don't mention that, You are going to break all ultra bull's heart, they are all dreaming of 1k, 4k,10k a btc soon .. 

[gizmoh]

starting to feel a bit uneasy... both shorts and longs have increased on finex (longs: 22.8 million USD up from 22.4 yesterday, shorts: 4720 BTC up from 4480).

Whichever way we go, it could be quite violent due to squeezing plus maybe some panic.

I think the answer is clear.. shorts are very low , whilst longs are near of record high. Barring big white whale savior or exceptional news, only way to go is Down..

[jl2012]

1w MACD is crossing up, while 1d MACD is crossing down. Daily RSI goes below 70. It looks very similar to the chart of Sept 2013

[feomat]

like i said yesterday this stabilization period is too long for weak hands and they dump.

[oda.krell]

Possibly (hidden) bullish div setting up:



In any case, interesting times ahead.

[ChartBuddy]

Explanation

[Justin00]

can you please explain how to read that graph ?
I see it or similar ones all the time and I have no idea.
I am really bad with graphs, explaination would be great, and I am sure othe would apprecate it to.

thank mate

Explanation

[StarenseN]

Explanation

[deadley]

Explanation

Mostly times same interpretation of graph.

[findftp]

I really have to go to sleep

How about all three users up to now get 10mBTC

I agree 

DONE

Confirmations take ages these days!
Must have come due to the decreasing hashingpower...
https://blockchain.info/address/12Z9S7iMbgSY2N4fB7YeE8VhiXb8ZL6ysn

Still "waiting to be processed" on Stamp
Sorry for the delay guys
goodnight

I got it, thank you very much!

Ik would also like to thank user molecular for donating a multiple amount of 10mBTC to me for my quadcopter project. I'm really amazed by the positive vibe in this forum/thread or I was just very very lucky yesterday.
That said. If there are other people wanting to back my quadcopter project, you are more than welcome  My address is located in my sig.
Here is a youtube video with 2 servos doing funny things in my testing phase. It is going to be used for the stabilized pan tilt wireless camera unit. Which will send it's video to head mounted display (DIY) combined with gyros. Viewpoint will be flight direction.

[JayJuanGee]

Possibly (hidden) bullish div setting up:



In any case, interesting times ahead.

About 1/3 of my lump sum fiat has arrived in my account...   about $20K. I'm thinking to split this fiat into 3 purchases of 10BTC each.  So If I buy the first 10BTC, $648 is the rate on coinbase.   Surely, if I can rest assured that the price is gonna get cheaper, then I will wait to buy more, but I get too nervous waiting.

No one ever really knows for sure where the price is going to go... and we gotta be careful about being greedy.... so if I buy the first 10 BTC, then go to sleep, wake up see where the price is and maybe buy the next 10 BTC?  Then wait a few hours and then buy the next 10BTC?  That's about what I believe I can get for $20K, at the current price..

[SirChiko]

What  caused te next drop? Aren't we supposed to head up?