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

[ChartBuddy]

Explanation

[lemonte]

He looks like he has a potato for a head

[KFR]

Don't be ridiculous - potatoes are far better analysts. 

[fonzie]

Bitfinex acting full retard. China drops 5 CNY on low volume and all those guys are sellin all their stuff as fast they can. I guess a lot of traders are still full of panic after that long squeeze that hapened, lol.

Wonder how that guy feels, that opened a 1600BTC short @469$. Extremly risky bet in my opinion.

[adamstgBit]

short are up again today

[dannyspk]

Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?

[JerryCurlzzz]

Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?

I wouldn't say much is going on. This is all very low volume, and Huobi actually looks to be forming a rounded top. If we don't see any panic buying very soon, I think we will pull back.

[dannyspk]

Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?

I wouldn't say much is going on. This is all very low volume, and Huobi actually looks to be forming a rounded top. If we don't see any panic buying very soon, I think we will pull back.

Just the timing is really odd for this kinda volume. Plus 2950 CNY is being tightly held.. Panic buying might start later on. A lot of resistance to break before that happens.

[ChartBuddy]

Explanation

[JorgeStolfi]

Strange. Market activity usually calms down in China by this time.. but there's decent buying pressure right now in China. What's happening?

Sometimes, when the price is changing fast, the Chinese will keep trading straight through the night.

[Zicore47]

Geez have to sleep too... where are we going?

[Richy_T]

Currently on reddit's frontpage





A wizard burning some dirty fiat money?

That's it, boys! We made it to the frontpage of the Internet! We're mainstream now!

Weak sauce.

[aminorex]

Monkey is planning to touch 444 again.

I don't trade BTCUSD lately, personally.  I do buy BTC to spend, and try to save a little sometimes.

I can't really see BTCUSD climbing much, or for long, until COIN is listed.  It would be against the interests of the large accumulators for that to occur.  There is an obvious watershed event planned, and everyone who is well-able to suppress a market has been provided advance notice of that event.  They've been granted open season to make bank large.  What else could possibly occur?

Holders can take comfort in the fact that they have no intention to break the coin.  Quite the opposite.

[Tzupy]

I don't understand why BFX is a bit below Stamp. Since the long squeeze a lot of loaned fiat has reappeared as bids.
On BFX the bid sum / ask sum ratio is about 1200$, while on Stamp only about 300$. I would have expected BFX to be above Stamp somewhat.

[lemonte]

Monkey is planning to touch 444 again.

I don't trade BTCUSD lately, personally.  I do buy BTC to spend, and try to save a little sometimes.

I can't really see BTCUSD climbing much, or for long, until COIN is listed.  It would be against the interests of the large accumulators for that to occur.  There is an obvious watershed event planned, and everyone who is well-able to suppress a market has been provided advance notice of that event.  They've been granted open season to make bank large.  What else could possibly occur?

Holders can take comfort in the fact that they have no intention to break the coin.  Quite the opposite.

Cheers! Out of interest, does monkey support your COIN theory as well? I'd be really happy if this happened. I'm not calling out for a bubble, just an easier nights sleep. At the moment I feel like it's January again, I think it's because I am actively mining again.

My 40TH/s mine only cost me £4000 and I worry endlessly about it, can't imagine how some of the larger mining operations cope.

[anujjain]

Geez have to sleep too... where are we going?

Don't think where the market going, just go sleep tight.
Because we don't know, when you wake where we are.

[ChartBuddy]

Explanation

[derpinheimer]

Someones testing the walls... haven't been pulled yet; 200 eaten

[Davyd05]

I can see it hitting for 457 - 460 .. but again that is only to create panic. So someone can accumulate coins... imagine if your just sitting on coins and fiat from the last bubble.. trying to lower your abp and acquire more coins.. must be an awesome job.

[derpinheimer]

Seems like stupid and unnecessary risk. Anyone who believes $450 is a good price should believe $500 is too. That is why I doubt this is a manipulative push down.. *But it very well may be.