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

[ChartBuddy]

Explanation

[kireinaha]

Price up a little today, and I see that our bear whale friend hasn't executed his 500+ sell order yet to pound us back down to $580. Is he finally running out of coins or just letting this run a bit longer?

[gizmoh]

Price up a little today, and I see that our bear whale friend hasn't executed his 500+ sell order yet to pound us back down to $580. Is he finally running out of coins or just letting this run a bit longer?

The set up on huobi and action/dumpage on stamp might suggest Capital Flight of a wealthy china man from CNY to USD.

[deadley]

Price up a little today, and I see that our bear whale friend hasn't executed his 500+ sell order yet to pound us back down to $580. Is he finally running out of coins or just letting this run a bit longer?

He will not able to do, because just saying that price will move down because they want to dump.

[derpinheimer]

Hopefully this is stabilizing & preparing to move up again. Dat $600 resistance tho.

[dropt]

Hopefully this is stabilizing & preparing to move up again. Dat $600 resistance tho.

I have faith, considering the resistance to $590 is ~37% of what it was yesterday.

[DannyElfman]

Hopefully this is stabilizing & preparing to move up again. Dat $600 resistance tho.

Its looking better and better. walls are going down fast.

[bassclef]

Need some volume soon or else the engine might stall again.

[ChartBuddy]

Explanation

[Moria843]

I just sold 0.2xxx to buy 2 USB drives on Newegg. Please don't hate me for not holding
I'm still a bull, but love buying things with BTC and like most of us, believe doing so good for the cause.

[ensurance982]

We're up almost a whole percent today!!! What happened? Amazon accepting Bitcoin? Federal reserve announced it will keep Bitcoin reserves? Visa & Mastercard implementing Bitcoin payments with all their cards???

[molecular]

We're up almost a whole percent today!!! What happened? Amazon accepting Bitcoin? Federal reserve announced it will keep Bitcoin reserves? Visa & Mastercard implementing Bitcoin payments with all their cards???

someone closed 800 BTC worth of shorts on bitfinex

[ChartBuddy]

Explanation

[Walsoraj]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

[ensurance982]

We're up almost a whole percent today!!! What happened? Amazon accepting Bitcoin? Federal reserve announced it will keep Bitcoin reserves? Visa & Mastercard implementing Bitcoin payments with all their cards???

someone closed 800 BTC worth of shorts on bitfinex

Wow okay, that's indeed interesting for a change! For one it is good for the price and on the other hand it may be a positive sign for the sentiment. If people are closing short positions with that volume, they most likely don't do it just to kid around!

[ChartBuddy]

Explanation

[ensurance982]

We're about to hit the $590 wall now. Only about 20 BTC until we start nibbling it away. Let's see if the action rises then or if it really will stop us from resuming our course to the fragile $600s again!

[Neo.op]

And I am also watching the price on Bitstamp.

The support for the last few days at 578 needs to break. I will be looking to short the bounce.

So let me get this straight, you're gonna short after a break to the downside? If so, you have mad traderz skillz bro!  

Get rich via trading: wait for resistance to break, buy on dip, wait for support to break , sell on bounce

rinse repeat, easier said than done because of the mind and greed.

Problem is how do you know: a. how much will the retrace be? or b. if its not a true dip or bounce?

[JayJuanGee]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

This guy! This one guy...

Yesterday I sold a bitcoin on Huobi to buy it back on 3600 yuan support.

Since it always one guy buying or selling all the shitloads of coins, I'll post my trading log here when it's filled (blacking the bought amount)!

And than, I'M THIS ONE GUY!

Ha! Bow down bitstamp or I'll dump it to you only to troll the market!

A newcomer in my ignore list.

What is this thread coming to, if we have one troll ignoring another troll?   

   Must mean that capitulation has taken place!!!    CHHHHOOOOOOO   CCCCCCCCHHOOOOOOOOOOOOOOO   MF

[ensurance982]

What is this thread coming to, if we have one troll ignoring another troll?   

   Must mean that capitulation has taken place!!!    CHHHHOOOOOOO   CCCCCCCCHHOOOOOOOOOOOOOOO   MF

It's just boredom and nothing's really going on right now, that's it. If people finally say 'well, I'm done with this stuff' and leave, we have reached capitulation. If we start building up a healthy growth after that happened, they will come on board again, of course!