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

[oda.krell]

Snip

That's what he said about you. I can't tell the difference.

Please don't quote the 'real' Jorge either. Most people here consider him a troll.

Yeah... that's where the "don't quote trolls" rule kinda falls apart. You might not like jorge's posts, and I'd agree that he's stubborn as hell, but if he's a troll, he's probably the most polite and educated one you'll find in here. So I respond to him. So, I'm afraid, you will occasionally see a post of his as a quote in one of my posts.

[Ivanhoe]

Litecoin is being dumped hard for bitcoin at the moment.

[Dragonkiller]

Snip

That's what he said about you. I can't tell the difference.

Please don't quote the 'real' Jorge either. Most people here consider him a troll.

Yeah... that's where the "don't quote trolls" rule kinda falls apart. You might not like jorge's posts, and I'd agree that he's stubborn as hell, but if he's a troll, he's probably the most polite and educated one you'll find in here. So I respond to him. So, I'm afraid, you will occasionally see a post of his as a quote in one of my posts.

I see your responses to his points, which are often ignored. Why do you bother? I honestly don't understand.

I didn't consider him a troll at first, but after six months, unfortunately I just can't take it anymore. Fuck politeness. Why does someone invest so much time into something they have no belief in? Is his life really that sad?

[Bitcoin_is_here_to_stay]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

[faalhaas]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

I'm a bull but I think this will happen till we got some news from the btc sell off.

[Bitcoin_is_here_to_stay]

Litecoin is being dumped hard for bitcoin at the moment.

NXT is falling even more, not to talk about blackcoin and doge seems to be dying. Does not look very bullish, more like  run to the safety of  bitcoin more associated with a bear market?

[Bitcoin_is_here_to_stay]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

I'm a bull but I think this will happen till we got some news from the btc sell off.

They are selling relative small amount of btc, but you are probably right that psychological effect is disproportionate. Wondering if this rally was a gigantic bull trap? I would be very surprised, but otoh market seems out of steam already and volume remains thin ...

[spooderman]

It's a horrible time to be hodling LTC.

[TERA]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

I'm a bull but I think this will happen till we got some news from the btc sell off.

Who cares about the silk road auction. It is only 30,000btc or a measy 0.22% of all bitcoins. a 0.22% supply increase should not affect the price in a significant way. Especially since it's being done privately.

[Globb0]

[MatTheCat]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

Yep...Wally the Wall guy seems to have popped up at the 11th hour with a 360 BTC strong wall just below $610 on Stamp. Buying pressure hasn't been that strong since the bounce up from the bottom and there is negative divergence all over the 4hr chart indicators. Traders are likely to be very cautious. With that said, just had crossover on the 1 day KDJ, the 1 day StochasticRSI, is moving up from it's oversold state and the RSI is looking like there is only one direction for it to go. MacD looks like it is moving towards a crossover also.

Edit: Wall guy has just split his sell order into 3 chunks of 100+ BTC, to avoid arousing suspicions no doubt.

[spooderman]

Looks like there will be soon a third failed attempt to go over $610 on Bitstamp. On the other hand, $540-560 on the downside should hold. Another couple weeks of a narrowing sideways trading?

I'm a bull but I think this will happen till we got some news from the btc sell off.

Who cares about the silk road auction. It is only 30,000btc or a measy 0.22% of all bitcoins. a 0.22% supply increase should not affect the price in a significant way. Especially since it's being done privately.

Precisely. This does nothing except to add to the legitimacy and reality of bitcoin.

[hyphymikey]

I think some of the whales are taking it easy until the end of the month. I think all the losers of the auction for the SR coins will be buying on and off market soon after, and get in the game before it is too late. At that time I think its safe to say they will start the rocket; no need to jump the gun and waste fuel in the meantime.

[fonzie]

I don´t want to worry the bulls, but i can clearly see us going to 650-700$ by Monday. I´m all in and leveraged long since 560$.  

[ChartBuddy]

Explanation

[TERA]

I don´t want to worry the bulls, but i can clearly see us going to 650-700$ by Monday. I´m all in and leveraged long since 560$.  

Is it really profitable to hold leveraged positions like that when the market is moving so slowly, with the ridiculous interest rates on bitfinex?  I would have sold the leveraged portion of the position at $610 and then re-taken it whenever a breakout is confirmed. How is that interest treating you?

[seljo]

It's a horrible time to be hodling LTC.

Just bought some... just in case...

[JimboToronto]

Who cares about the silk road auction. It is only 30,000btc or a measy 0.22% of all bitcoins. a 0.22% supply increase should not affect the price in a significant way. Especially since it's being done privately.

Bingo! The voice of reason.

I remember saying the same thing last summer when SatoshiDice was sold and people thought the coins paid to existing shareholders would flood the market. Of course the price fell steeply and almost immediately bounced most of the way back but didn't fully recover for over a week.

Some people never learn.

Sigh.

[fonzie]

I don´t want to worry the bulls, but i can clearly see us going to 650-700$ by Monday. I´m all in and leveraged long since 560$.  

Is it really profitable to hold leveraged positions like that when the market is moving so slowly, with the ridiculous interest rates on bitfinex?  I would have sold the leveraged portion of the position at $610 and then re-taken it whenever a breakout is confirmed. How is that interest treating you?

Interst is @ 0.2, which is kinda fair for now. Otherwise i treated my positions as you said, i closed my long @ 608$ yesterday and reopened it about 4 hours ago@599 when i saw that the chinese were going up(+2 or 3         200BTCpump walls on Finex suddenly appeared). I´m pretty confident that wave 5 is coming , starting from 340$ and  think that we will see a growth to about 730-780$ in the next 2 weeks. It´s hard to tell when those pumps are coming like they did all of a sudden in wave 3 with the help of single huge market buys so i won´t close my longs from now on and rather pay the interest than to miss the pumps.

[oda.krell]

Snip

That's what he said about you. I can't tell the difference.

Please don't quote the 'real' Jorge either. Most people here consider him a troll.

Yeah... that's where the "don't quote trolls" rule kinda falls apart. You might not like jorge's posts, and I'd agree that he's stubborn as hell, but if he's a troll, he's probably the most polite and educated one you'll find in here. So I respond to him. So, I'm afraid, you will occasionally see a post of his as a quote in one of my posts.

I see your responses to his points, which are often ignored. Why do you bother? I honestly don't understand.

I didn't consider him a troll at first, but after six months, unfortunately I just can't take it anymore. Fuck politeness. Why does someone invest so much time into something they have no belief in? Is his life really that sad?

There's the occasional insightful remark between all the selective arguing and biased perception.

Anyway, we're all wasting our time in here, so I don't hold it again the prof that he wastes his time by playing anthropologist in here.