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

[ChartBuddy]

Explanation

[zimmah]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really?  The close of the Weekly MACD candle is only about two days from now, and BTC prices in the last about 24 hours have been floating between $580 and $600, and as I type at $586.

It does NOT seem that it would be too difficult to keep the price below $582-ish... I am NOT sure about the exact number to keep the candle red.  Now, I agree that next week would be another story, though.... but this week seems totally manipulable.  and doable and I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

but why would anyone even WANT to do that?

also, the candle of the past week at huobi and bitfinex were already green, so bitstamp is already lagging a week behind on the MACD. And even that it pretty late considering it could easily have turned green 2  weeks ago, but missed it by a hair due to a sudden mini-panic or whatever the hell happened two weeks ago.

[madmat]

Stamp is moving up.

[fonzie]

Stamp is moving up.

Coin supply seems unlimited and is getting refreshed in 50-150BTC batches  all the time. Satoshi cashin out?

[majakn]

when we will see BTC on +1000$?

July?

[TERA]

Stamp is moving up.

Coin supply seems unlimited and is getting refreshed in 50-150BTC batches  all the time. Satoshi cashin out?

These piecemeal trades are a common characteristic of low volume. Try not to analyze it too much.

[edwardspitz]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really?  The close of the Weekly MACD candle is only about two days from now, and BTC prices in the last about 24 hours have been floating between $580 and $600, and as I type at $586.

It does NOT seem that it would be too difficult to keep the price below $582-ish... I am NOT sure about the exact number to keep the candle red.  Now, I agree that next week would be another story, though.... but this week seems totally manipulable.  and doable and I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

but why would anyone even WANT to do that?

also, the candle of the past week at huobi and bitfinex were already green, so bitstamp is already lagging a week behind on the MACD. And even that it pretty late considering it could easily have turned green 2  weeks ago, but missed it by a hair due to a sudden mini-panic or whatever the hell happened two weeks ago.

I have been thinking that I would target Stamp if I wanted to try and manipulate price on grand scale (Stamp being the most dominant exchange). I don't know if this is what is going on. It could just as well be because miners prefer to sell their coins on Stamp. Also the short selling possibilities at Finex (and the Chinese exchanges?) gives a different dynamic that is not found on exchanges like Stamp and Kraken.

It is too bad that they cut the link between Finex and Stamp. I think we need more inter exchange arbitraging. Someone should setup a public and professional service dedicated to this. Something that everyone could invest a little BTC in, and that more or less guaranties not to cause losses. I can't see why this would be impossible. Of course it is already being done on a small scale by bots or traders doing it manually (just did a little arbitraging myself the other day ). I definitely prefer a situation with many arbitraging exchanges instead of very few very dominant exchanges.

[majakn]

Stamp is moving up.

Coin supply seems unlimited and is getting refreshed in 50-150BTC batches  all the time. Satoshi cashin out?

no satoshi, just me

What is unlimited in +11.000.000,00 coins?

maybe NSA started to sell

[JayJuanGee]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really?  The close of the Weekly MACD candle is only about two days from now, and BTC prices in the last about 24 hours have been floating between $580 and $600, and as I type at $586.

It does NOT seem that it would be too difficult to keep the price below $582-ish... I am NOT sure about the exact number to keep the candle red.  Now, I agree that next week would be another story, though.... but this week seems totally manipulable.  and doable and I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

but why would anyone even WANT to do that?

also, the candle of the past week at huobi and bitfinex were already green, so bitstamp is already lagging a week behind on the MACD. And even that it pretty late considering it could easily have turned green 2  weeks ago, but missed it by a hair due to a sudden mini-panic or whatever the hell happened two weeks ago.

You may be correct that I am giving too much importance to whether someone would want the candle to be red or green.

[ChartBuddy]

Explanation

[zimmah]

My theory is that there is going to be an attempt to keep prices below $582 by the end of the weekly candle.

My theory is that you could not prevent it if you tried.

Really?  The close of the Weekly MACD candle is only about two days from now, and BTC prices in the last about 24 hours have been floating between $580 and $600, and as I type at $586.

It does NOT seem that it would be too difficult to keep the price below $582-ish... I am NOT sure about the exact number to keep the candle red.  Now, I agree that next week would be another story, though.... but this week seems totally manipulable.  and doable and I think that there is going to be a pretty vigorous attempt at such.. to keep the candle red.

but why would anyone even WANT to do that?

also, the candle of the past week at huobi and bitfinex were already green, so bitstamp is already lagging a week behind on the MACD. And even that it pretty late considering it could easily have turned green 2  weeks ago, but missed it by a hair due to a sudden mini-panic or whatever the hell happened two weeks ago.

I have been thinking that I would target Stamp if I wanted to try and manipulate price on grand scale (Stamp being the most dominant exchange). I don't know if this is what is going on. It could just as well be because miners prefer to sell their coins on Stamp. Also the short selling possibilities at Finex (and the Chinese exchanges?) gives a different dynamic that is not found on exchanges like Stamp and Kraken.

It is too bad that they cut the link between Finex and Stamp. I think we need more inter exchange arbitraging. Someone should setup a public and professional service dedicated to this. Something that everyone could invest a little BTC in, and that more or less guaranties not to cause losses. I can't see why this would be impossible. Of course it is already being done on a small scale by bots or traders doing it manually (just did a little arbitraging myself the other day ). I definitely prefer a situation with many arbitraging exchanges instead of very few very dominant exchanges.

I have been thinking about setting this up months ago, but the main bottleneck would be getting the funds out of one exchange and into the other in a reasonably short timeframe.

If you can some sort of agreement on swapping IOUs between exchanges than smooth arbitrage could prove possible and profitable for investors.

[ChartBuddy]

Explanation

[ShroomsKit]

Stamp is moving up.

No it isn't.
When China goes down they start dumping like crazy, whrn China goes up nothing happens.
Something's odd about stamp lately. I don't trust them.

[elebit]

If you can some sort of agreement on swapping IOUs between exchanges than smooth arbitrage could prove possible and profitable for investors.

A federated inter-exchange arbitrage would have the added benefit as an early warning system for gox:ings.

If an exchange started having trouble honoring its IOUs on time, that would be a signal to move your funds out. No panacea of course and it would still cause a bank run, but at least it would be better than the slow 12 month Gox fiasco where no one knew they were illiquid (except for the ones who got away with it..).

[ChartBuddy]

Explanation

[dnaleor]

when we will see BTC on +1000$?

July?

I think it is possible in july yes:

when the silk road coins are sold, and people see the coins don't move after they are sold, price will go up 

[conspirosphere.tk]

If you can some sort of agreement on swapping IOUs between exchanges than smooth arbitrage could prove possible and profitable for investors.

A federated inter-exchange arbitrage would have the added benefit as an early warning system for gox:ings.

If an exchange started having trouble honoring its IOUs on time, that would be a signal to move your funds out. No panacea of course and it would still cause a bank run, but at least it would be better than the slow 12 month Gox fiasco where no one knew they were illiquid (except for the ones who got away with it..).

That would imply exchanges trusting each other's IOUs. Can't happen, and rightly so (otherwise one single scam could cause a chain reaction). 

[ChartBuddy]

Explanation

[woof]

http://cointelegraph.com/news/111911/china-there-is-space-for-bitcoin-pboc-deputy-secretary
time to buy 

[pandacoin]

http://cointelegraph.com/news/111911/china-there-is-space-for-bitcoin-pboc-deputy-secretary
time to buy 

It's always time to buy, at least until Bitcoin reaches to 1k $. China is only based on pure speculation.