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

[podyx]

How hard is it to through with verification on bitfinex?? It says I must provide a "bank statement" with my name and account and also my first deposit must come from this account? ("Bank Statement: clearly highlighting your name as the account holder (your first deposit to Bitfinex must come from this account).")
I don't even know what a bank statement is

And for proof of address, does anything work that contains my name and address?? Like a phone bill?

Are you sure you need a verified account?

You can store and exchange btc and USD on bitfinex without a verified account.

It says this: "Whether you wish to deposit or withdraw US dollars funds to/from your Bitfinex account, your account must be verified in order to comply with relevant anti-money laundering (AML) and counter terrorism financing (CTF) laws and regulations."

So I guess I have to verify right?

It depends on what you want to use your account for.

If you plan on sending USD to the exchange directly, then yes you need to verify.

However, you can easily buy your btc somewhere else (coinbase, circle), send the btc to your unverified bitfinex account, then sell it on the exchange for USD. You will then have USD at bitfinex, in your account. If you want to withdraw, you would exchange it back into btc on bitfinex, and then send it to your coinbase/circle wallet and sell there for USD.

Right, so you're sure that I can send bitcoin there in and out without verifying?? Can anybody else confirm this aswell?

[gwoplock]

Am I the only one that sees we are overbought.

Yes.. you and maybe one or two other delusional bears..  

Ok what am I missing then. I'm new to this so I want to learn.

[ShroomsKit]

I'm not ready for the train trip. Just delay some more months.

You've had 5 years. Stop crying.

[kooke]

Finally, we are returning.

[derpinheimer]

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

[gwoplock]

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

Ok so I'm being logical thinking that this upward trend can't be sustained.

[Richard Branson]

Time to dump some cheap coins (sub 300$). Nice profit locking  

[razorramon]

looks like a beartrap

[JayJuanGee]

13,367.73 BTC  shorts lol

also, biggest weekly green candle on Bitfinex since the start of November 2013.

My understanding is that the weekly candle closes out on Sunday... so we are only less than 4 days into the weekly candle and 3 full days remaining.. so this candle could get pretty big if the volume keeps up in the next few days (which seems very possible given the current trading dynamics).

[EFS]

I'm not ready for the train trip. Just delay some more months.

You've had 5 years. Stop crying.

I'm here for 1.5 years and it's never enough for me. I'm not crying, watch your language.

[derpinheimer]

Am I the only one that sees we are overbought.

Bitstamp is overbought but being manipulated up; BFX is still oversold.

Ok so I'm being logical thinking that this upward trend can't be sustained.

Well I think regardless of whether or not a true reversal occurred at $300 or not, a retrace is due..

The market clearly wants to move down but there are still plenty of buyers.

[WeltMaster]

Just noticed the RSI has been at its lowest on the larger (3-day) graphs since 2011, we are still waaaay oversold.

CCMF


On a side note are there any exchanges which have had a pretty consistent volume on a large timescale?

Bitstamp only goes back to late 2011 and the volume back then was nothing until gox went down

[Wandererfromthenorth]

So shroomskit just turned into a "enough of you ugly dumpers, it's time for moon" bull-tard  from being a "it's over idiots, bitcoin will never rise again" bear-troll these past weeks.

What a circus.

[NotLambchop]

can we get back to 370 this rapid climb is messing up my day trading  

Darn you Adam!

[sidhujag]

Just noticed the RSI has been at its lowest on the larger (3-day) graphs since 2011, we are still waaaay oversold.

CCMF


On a side note are there any exchanges which have had a pretty consistent volume on a large timescale?

Bitstamp only goes back to late 2011 and the volume back then was nothing until gox went down

We need a way overbought RSI signal to overcome this bear on this next rise.

[bucktotal]

Am I the only one that sees we are overbought.

Yes.. you and maybe one or two other delusional bears..  

Ok what am I missing then. I'm new to this so I want to learn.

with bitcoin being a free, yet illiquid market, the common indicators can stay overbought and underbought for a long time.

[prophetx]

So shroomskit just turned into a "enough of you ugly dumpers, it's time for moon" bull-tard  from being a "it's over idiots, bitcoin will never rise again" bear-troll these past weeks.

What a circus.

that probably means it was time to sell

no offense shroomskit

i base my trading on your sentiment

[JayJuanGee]

Am I the only one that sees we are overbought.

Yes.. you and maybe one or two other delusional bears..  

Ok what am I missing then. I'm new to this so I want to learn.

I don't claim to know much of anything either.. that is why I threw in the smiley faces.


However, I personally believe these terms of being overbought in these conditions have the potential of missing the point that BTC has been in a 10 month downtrend that has likely been manipulated downward.

Accordingly, we remain at a very low price point for the overall trend, there have been a lot of people pushed off into the side-lines looking for a trend reversal and their opportunity to buy back in.. and this may be the point to buy back in.. Yes there may be a bit of a battle for a week or so regarding whether the trend has actually reversed, and in the mean time, people may be getting back in or considering to get back in because the price has been so low for so long...

In other words, in looking at the longer term and the total market dynamics, I think it is a bit too short-sighted to suggest that we are overbought merely b/c there has been a 40% upward advance in the last week. 

We can probably both agree that we are likely to see quite a bit of continued trading action in the coming days..

[WeltMaster]

Just noticed the RSI has been at its lowest on the larger (3-day) graphs since 2011, we are still waaaay oversold.

CCMF


On a side note are there any exchanges which have had a pretty consistent volume on a large timescale?

Bitstamp only goes back to late 2011 and the volume back then was nothing until gox went down

We need a way overbought RSI signal to overcome this bear on this next rise.

Yeah, if the bullrun continues and we break 70 in a few weeks I can see a capitulation upwards.

When a bitcoin train gets rolling nobody stands in front of it.

[Tzupy]

https://www.tradingview.com/v/uWy5zTmF/