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

[Sandia]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

[AirFlame]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

Well btc is strong i think we will not brake the 380-370 because there is allot of holders there and they will not sell any of BTC

[adaseb]

I closed a part of my short from $500 at $395.

I actually was expecting a larger spike down to $350-380 with the stops/margin calls getting set off.

I think from this area might be a temporarily bounce.

Seems most of the selling was accelerated by LTC/CNY

[fonzie]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

Well btc is strong i think we will not brake the 380-370 because there is allot of holders there and they will not sell any of BTC

It doesn´t take many sellers if there are not enough buyers!

[itod]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

[Thomas-s]

hello darkness my old friend

[Hunyadi]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

So just variable costs, no fixed onces?

[SFHere]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Do you have link? Because that would be really cool

[Sandia]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

Well btc is strong i think we will not brake the 380-370 because there is allot of holders there and they will not sell any of BTC

  340.

[heartastack]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

They are looking for it, the push down is accelerating. I think the stops are at $340. Does the manipulator have enough BTC to get us down there? Could be massive capitulation down towards 290 after that but I would expect a sharp reversal followed by flattening out at ~320. That will be a good entry point.

[TeeBone]

Problem, bulltards ?

[cmacwiz]

dat huobi volume

[mikeh2]

Damn markets are upside down again, no better time to buy yet gold, silver and btc are being hammered.

[Newbie1022]

This doesn't feel like a bottom at all. I would look for a hard bounce up in the $350 range after a flash crash on BFX. If a hard bounce doesn't happen there then Jesus Christ. But, I'd imagine that range will be our bottom and we'll see mid-400s before the end of the week from there.

[itod]

if stamp breaks into the 3xx - we are screwed

i call bottom at 392...

The bottom is calculated long ago, browse around. It's the price it costs to mine BTC with electricity cost that most miners pay, currently somewhere around $280.

Do you have link? Because that would be really cool

This thread is so fast, no chance to find it, but the calculation looked OK. After that point BTC price should be (nothing is certain) balanced by adjusting the difficulty, so it's possible to be in longer term stability.

[jeezy]

The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.

Why? If you check the current long wedge March will be a new ATH. No worries here. HODL!

[alwaysonhere]

I bought in at a semi high price, just a holding on  

[kurious]

dat huobi volume

Yes - a good scrap on Huobi - but Stamp has little volume, no real fight.   Buying did seem to kick in under 400, but there is no rally there. Yet.

I have been buying, I feel 400 or less is cheap coins.  But apparently the market is not sure the bottom is in.

[Newbie1022]

I was expecting long stops to be set around 399, but there weren't many.  Longs are actually up 700k for the hour.

No cascade, for now.

They are looking for it, the push down is accelerating. I think the stops are at $340. Does the manipulator have enough BTC to get us down there? Could be massive capitulation down towards 290 after that but I would expect a sharp reversal followed by flattening out at ~320. That will be a good entry point.

Same theory as me... more pessimistic. I think the longs set their stop loss not far from the $390 range. I think we got close on that last leg down to the flash.

[mmitech]

The Lowest low since the last bubble is 339.79 (Bitstamp ) if we break that in the next couple of weeks, holders consider your selves fucked big time.

Some might, this one will consider himself lucky popcorn isn't very fattening. This is like watching British Leyland trying to protect themselves by making things difficult for the competition while continuing to sell the same old shite. Banking is a beige Austin Allegro and Bitcoin is a C-X75, 5 years at best before cryptos take over.

it is the speculation sub-forum we speculate about trading moves, your jumbo mumbo hardcore Bitcoin is the best and die banks is nonsense here, we all want Bitcoin to succeed, and to be honest Bitcoin's success is not tied only to its price, so I would appreciate it if you would cool off and speculate or GTFO.