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

[ChartBuddy]

Explanation

[5cMXezpBtm]

The short term symmetric triangle will break in the next 7-8 hours.  That should be bullish.

Please show a picture of that symmetric triangle

[JorgeStolfi]

BTCChina

I think BTC-China always had fees until recently perhaps.  What happened in Dec/19 is that they lost the deposit channel via bank transfer. They came up with a voucher system that apparently was not popular, while Huobi and OKCoin found a way to continue using banks for deposit.  I don't know exactly what is the reason for their recent revival: they accept USD and HKD deposits, they have a mobile trading app, they may have eliminated the trading fees...

I´m almost 100% sure that they had no fees during the Nov/Dec bubble, maybe you could check out @JorgeStolfis posting history from that time, i´m pretty sure that he analyzed that, he´s a pro, but i´m too lazy to look by myself right now.  

Edit: Found this: http://www.coindesk.com/bitcoin-exchange-btc-china-eliminates-trading-fees/ from September 24, 2013

Bah, I won't bother, I don't trust @JorgeStolfi's brain. 

I see that BTC-China eliminated fees in September 2013.  Presumably by competition from Huobi and OKCoin, who had opened a couple of months earlier and did not charge fees from the start. 

But the drastic loss of volume around Dec/19 coincided with the Deecember decree, and I recall that they were left without bank deposit channels while Huobi kept it open (using the CEO's personal account) and OKCoin soon restored theirs.   I don't recall whether they restored fees on that date too.

At some point earlier this year, Bobby Lee was at odds with the other two CEOs on that matter: he wanted fees, they did not.

[fonzie]

Bitfinex ask side  

12kBTC to 440$; 4000BTC to 570$

[klee]

Black Market Cannabis Road Hacked, $100,000 in Bitcoin Lost
http://t.co/XIp1fAZXfu

[5cMXezpBtm]

Black Market Cannabis Road Hacked, $100,000 in Bitcoin Lost
http://t.co/XIp1fAZXfu

It's so nice, You provide an online walltet, and suddenly all the BTC deposits are magically "stolen"...

[trader001]

Black Market Cannabis Road Hacked, $100,000 in Bitcoin Lost
http://t.co/XIp1fAZXfu

Another market claimed hacked. How old is Cannabis Road?

If they want to remain in business, they should pay it out from their own pocket.

[zby]

Triangle inside a triangle:



The small one was broken up in the meantime (as expected) - but the rally should not be too durable.

[magicmexican]

Bitshares X on a crazy pump, almost $ 100,000,000 marketcap

Meanwhile expecting another btc dump, 6-12h macD look pretty disastrous

[Wilhelm]

Bitshares X on a crazy pump, almost $ 100,000,000 marketcap

Meanwhile expecting another btc dump, 6-12h macD look pretty disastrous

Stochastic RSI on daily range looks negative aswell.
Indicators say we will have a minor upsurge in the oncomming hours in the daily downtrend.

[5cMXezpBtm]

Ah, good. Already feared an "Triangle with an eye in it" formation.

[CEG5952]

Bitshares X on a crazy pump, almost $ 100,000,000 marketcap

Meanwhile expecting another btc dump, 6-12h macD look pretty disastrous

Stochastic RSI on daily range looks negative aswell.
Indicators say we will have a minor upsurge in the oncomming hours in the daily downtrend.

What indicators would those be? My daily shows that we're being pushed under all my major moving averages. We are not even oversold (stochastics or RSI) on the daily anymore. And I don't see a reversal candle.

[DutchTrades]

movement incomming

[ChancellorOnABrink]

Bitshares X on a crazy pump, almost $ 100,000,000 marketcap

Can i short those somewhere ?

[aminorex]

monkey is pretty grim about the daily (and weekly) right now.  sees 2-3 hours up intraday, then down.  support continues to be 444, resistance 555.

[ChartBuddy]

Explanation

[manfred]

Bitshares X on a crazy pump, almost $ 100,000,000 marketcap

Can i short those somewhere ?

Wondering is Wolong is part of that pump

[adamstgBit]

monkey is pretty grim about the daily (and weekly) right now.  sees 2-3 hours up intraday, then down.  support continues to be 444, resistance 555.

sometimes i wonder if monkey just makes all this up because he likes to trade.

[iram3130]

Explanation

Great, we have again chart buddy who bump the thread every hours and remind us to post something on this thread.

[CoinDox]

movement incomming

Wow... solid contribution.