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

[Newbie1022]

Unable to buy on BFX 

What do you mean? does it say "insufficient balance"?  what happens?

Bitfinex is showing many red flags lately

I have a very sufficient balance. I try to buy on margin lower than my balance, it says "order has been placed" but only buys .002 btc for me when Im ordering a lot more. The fact that order goes through, but only buys a tiny bit, and doesn't show the rest pending is frustrating. Second attempt with my balance pretty much unchanged it says "order has been placed" and nothing goes through at all. After repeated attempts I moved all of my funds out of there. Maybe the Margin Hunter is clogging their system lol.

/rant

That was happening to me with orders, too. Then, a couple hours later, even though it said I had no active orders, phantom orders appeared (and conveniently not to my advantage). They've been finding ways to lose me money all day long. I now have a single position and I am not touching it. If I lose, I lose. If I win, I win. But I am tired of dealing with their engine. It's really screwed up today.

(Mind you... tons of volume and a policy change day... still, seriously pissing me off... I do a good enough job losing my own money).

[JayJuanGee]

Did anybody notice the China sell off?



My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there?  Thanks.

It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.

The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.

What's your average costs, approximately?  Mine is about $609 (atm), and yes average cost (being in the red or the black) does affect thinking and behavior...

[Hunyadi]

https://www.youtube.com/watch?v=VF-iOSaWeXU#t=117

[fonzie]

@JayJuanGee

Better cut your loose before it´s too late!

[Newbie1022]

Did anybody notice the China sell off?



My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there?  Thanks.

It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.

The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.

What's your average costs, approximately?  Mine is about $609 (atm), and yes average cost (being in the red or the black) does affect thinking and behavior...

No leverage, right? I think you gotta hang in there, buddy. You've taken the worst of it up to this point. Even if there is a flash crash that would happen at about 455/450 and we'd stabilize around 430. I doubt, at that point, they'd be able to continue hunting margins even lower than the low 400s range... there'd be too much buy pressure.

So, that's probably the worst case scenario. The best cast is we found a bottom and you didn't move in and out with the incidental costs/slippage that come with not knowing where the bottom is.

So yes, if no leverage, hold tough. If leveraged, maybe still... but that's rough.

[ChartBuddy]

Explanation

[wachtwoord]

Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.

[podyx]

[Dump3er]

more then 1K BTC to 515, still think its a trap?

Yes!

[Newbie1022]

Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.

They'll be a quick bounce back (especially if we hit a spot that is so far beyond a doubt a bottom). We have leverage and we have zealots -- of course they'll be a quick bounce back. Further, Coinbase is selling people coins at Friday's price... this means Coinbase thinks Friday's price is equal to or higher than the present price.

[Wandererfromthenorth]

hahahaha

 

[Wandererfromthenorth]

The next support at bistamp is at around 450, i'm guessing low volume dumps until we reach a point when we go sideways around there.

[magicmexican]

I wonder if my prediction of 460-450$ will hold

[falllling]

The next support at bistamp is at around 450, i'm guessing low volume dumps until we reach a point when we go sideways around there.

nope, there will be no more sideways but plummet

[conspirosphere.tk]

Who hasn't cut his loose?

me. I use to go down with the ship since 2011 and always came back afloat richer. But I stay in crypto for other reasons too. 

[Dump3er]

No more upwards manipulation? Looks like the manipulators surrendered finally.

[wachtwoord]

Who hasn't cut his loose?

You mean losses? Who has losses anyway? 

It's quite impressive to be involved in continuously exponentially rising asset such as Bitcoin for more than a year and to manage NOT to be in the green.

[falllling]

No more upwards manipulation? Looks like the manipulators surrendered finally.

dead cat bounces won't last

[solex]

I wonder if my prediction of 460-450$ will hold

$450 is massive support. It has to have a major bounce there, even if it trends lower after that.

[Bitcycle]

About to get ugly for you shorters.  Try not to trample each other too much when you're covering.  Don't worry, there's room for at least 3 or 4 of you to profit!