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

[TERA]

The last rally was not unexpected. It occured when a major trendline was broken after the 3 day macd had been up for weeks.  I was able to get in entirely using a stoploss order at $460 and didnt even have to watch the charts.

[adamstgBit]

[ChartBuddy]

Explanation

[Raystonn]

Now I see.  Trying to get market participants drunk so they fill with irrational exuberance.  By all means, continue!

[keithers]

There isn't too much of a sell wall on Stamp in order to get back above $600.  Let's do this!

[shmadz]

Now I see.  Trying to get market participants drunk so they fill with irrational exuberance.  By all means, continue!

He's Canadian, it's how they do.

[TERA]

I'm starting to wonder if I should be following finex instead of stamp.

[shmadz]

I'm starting to wonder if I should be following finex instead of stamp.

finex has been my primary for at least a week now... probably just because it tends to fit my random lines better.



as you can see, I am clearly expecting a re-trace to somewhere near the 555 range.

[XxionxX]

XD Thanks, that was a good laugh.

[BTCfan1]

am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding?  I'm surprised people aren't more bullish about the impending auction

[TERA]

am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding?  I'm surprised people aren't more bullish about the impending auction

I don't think the people bidding on this auction are the type who want to get involved in market manipulation, or not at least for this tiny amount of money. Also I don't think the amounts involved are big enough to warrant market manipulation. It might not even be profitable let alone worth the risk of committing a crime.

[shmadz]

am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding?  I'm surprised people aren't more bullish about the impending auction

I don't think the people bidding on this auction are the type who want to get involved in market manipulation, or not at least for this tiny amount of money. Also I don't think the amounts involved are big enough to warrant market manipulation. It might not even be profitable let alone worth the risk of committing a crime.

personally, I think the people that have the wherewithal to make a winning bid on this auction have a longer-term view than the ones who are currently trading and making the market.

I think the chance of these coins getting "flipped" on the exchanges after the auction are lower than the chances of the losing bidders buying back in at market prices.

but that's just a complete guess.

[JorgeStolfi]

am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding? 

There is no "starting price".  Each bidder submits one sealed bid, for 1 to 10 lots of coins, and that is it.  The USMS may cancel the auction at their discretion, presumably including if if they get only "joke" bids, but I haven't seen any explicit minimum price in their announcement. http://www.usmarshals.gov/assets/2014/bitcoins/

[shmadz]

am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding? 

There is no "starting price".  Each bidder submits one sealed bid, for 1 to 10 lots of coins, and that is it.  The USMS may cancel the auction at their discretion, presumably including if if they get only "joke" bids, but I haven't seen any explicit minimum price in their announcement. http://www.usmarshals.gov/assets/2014/bitcoins/

I'm pretty sure the prof is accurate in his assessment of how it will go down.

Still doesn't change the fact that this is a closed system where only the bid takers know the price of the big makers. such old-school black-box type operations.

Transparency and Privacy, and all that grey area in between.

[ChartBuddy]

Explanation

[tronic1704]

So I think if I accepted coins 10 or 20% would bid above the market price this, then I would hardly be so stupid
and would sell them on the market. I would keep them until the market price is significantly higher.
And then I would also sell in stages not too much to shake the market.
Therefore, I do not understand this unnecessary uncertainty.

And even if I would bid below the market price, i would wait until the price has risen acceptable.

Finally, no investor would like to make loss.  

In order to bring the stock to fall significantly, this field ranges, i think, the volume of this small amount of coins is too low.

[ChartBuddy]

Explanation

[CoinHamster]

early prediction:

down to $580
 

[TERA]

I dont know if anyone has noticed but Huobi now has 2 green bars on the 1W MACD and bitfinex has 3. I'm not sure if this is skewed by a shorter history or not.

[CoolStoryBro]

I don't think the people bidding on this auction are the type who want to get involved in market manipulation, or not at least for this tiny amount of money. Also I don't think the amounts involved are big enough to warrant market manipulation. It might not even be profitable let alone worth the risk of committing a crime.

Since when bitcoin market manipulation considered as crime? (and by whom? )