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

[ChartBuddy]

Explanation

[Zicore47]

That's just broken up then?

I'm guessing you are looking triangles? Yes it has broken up, but it also broke in a similar way yesterday (from a different triangle). I think the whole thing looks a bit like late April and early May.

When I look at the huobi market, I don't see a wedge there. It just looks very bearish to me.
While the dollar market may rely on 350$, the chinese market more relies on 2000 cny I suppose.

My wild prediction is, we see an outbreak towards north driven by technical players, probably test 380$ again.

[Bagatell]

That's just broken up then?

I'm guessing you are looking triangles? Yes it has broken up, but it also broke in a similar way yesterday (from a different triangle). I think the whole thing looks a bit like late April and early May.

I keep looking at the KDJ and Oct 2011..

[NotLambchop]

TL;DR:

[btcney]

We may go under 200 in the next weeks.

[stereotype]

@crumbs

Your analysis of the index/s aint really translating in the same way as your on-point observations on so-called equities have been. 

This is right up your street, though. Start digging, me ole mucker.....   
https://bitcointalk.org/index.php?topic=178336.msg9172834#msg9172834

[edwardspitz]

That's just broken up then?

I'm guessing you are looking triangles? Yes it has broken up, but it also broke in a similar way yesterday (from a different triangle). I think the whole thing looks a bit like late April and early May.

When I look at the huobi market, I don't see a wedge there. It just looks very bearish to me.
While the dollar market may rely on 350$, the chinese market more relies on 2000 cny I suppose.

My wild prediction is, we see an outbreak towards north driven by technical players, probably test 380$ again.

I have no idea, but the shorting euphoria will have to end at some point  

Good point with the differences in currencies btw.

When I look at Houbi the this line seems to be important (the bottom one - maybe just ignore the upper line):



The bottom line has served as resistance in the past and now acts as support (on 3 occasions). If it breaks I will consider it very bearish.

[JayJuanGee]

Total sum of active swaps 13,885.50 BTC

It appears that 600 BTC was used to dump with: http://bfxdata.com/swapstats/btc.php

Who would do such a thing? I mean that is a pretty big gamble unless you have special knowledge about hidden orders and stop loss orders... or is there something I am missing?

aint that a taboo subject.

Also, is anyone else concerned that its taking 4 months, and counting, for Bitstamp to release its 'financial statement audit' ?
Been asking for details for 2 weeks now, and all i get is "its in progress"

https://www.bitstamp.net/article/Bitstamp-BTC-Proof-of-Reserves-May-2014/

Yep... one of the problems with an attempt at voluntary compliance to get centralized systems to comply with transparency..... and NOT engaging in shenanigans... ... .. surely looking forward to a day in which exchanges are more transparent... and most likely some kind of decentralized solution will work.. if all bugs can be worked out. 

I am NOT technical enough to know exactly all of the bugs, but I understand that there are some experimentations in the development of decentralized exchanges taking place.

Only one bug: Human greed. Imagine you are the exchange owner. So much btc/fiat in there. Only one hot wallet and the rest on the database... Hmm... let's see what this sql command does... You get my point.

Your making my exact point about the centralized exchanges; however, bitcoin is supposed to solve this problem through the blockchain and peer to peer verification.. yet centralized exchanges take transactions off of the blockchain.    The solution is supposed to be to keep transactions on the block chain and to build decentralized exchanges... however, there are some bugs in those kinds of decentralized exchanges creations.. that are beyond my technical expertise to describe.

[NotLambchop]

@crumbs

Your analysis of the index/s aint really translating in the same way as your on-point observations on so-called equities have been. 

This is right up your street, though. Start digging, me ole mucker.....   
https://bitcointalk.org/index.php?topic=178336.msg9172834#msg9172834

Assuming you're talking to me:
I think people in this thread are a bit more realistic in their expectations.  Like myself, they understand that players in unregulated markets use every tool at their disposal to their advantage.  Why draw attention to something so obvious?

[Bagatell]

That's just broken up then?

I'm guessing you are looking triangles? Yes it has broken up, but it also broke in a similar way yesterday (from a different triangle). I think the whole thing looks a bit like late April and early May.

When I look at the huobi market, I don't see a wedge there. It just looks very bearish to me.
While the dollar market may rely on 350$, the chinese market more relies on 2000 cny I suppose.

My wild prediction is, we see an outbreak towards north driven by technical players, probably test 380$ again.

Houbi following Stamp 2204..

[Patel]

Come on bitcoin, you can do it!

[WeltMaster]

CCMF

[NotLambchop]

[WeltMaster]

Hahahaah holy fuck

pump 'n' dump? dead cat bounce?

C'mon bears I wanna hear it 

[tarmi]

DAT BREAKOUT

&

DAT VOLUME


you better BUY BUY BUY

[ChartBuddy]

Explanation

[dnaleor]

Breakout???

[NotLambchop]

mr manipulator played it brilliantly, he held Huobi down and just edged it low enough for his bids on Stamp/Finex to be sold into. Then as soon as they were the price started moving back up and here we are now breaking upwards. Well played and sorry to all the suckers who sold into it lol.

Quoted for future lel.

[heartastack]

The other exchanges appear bearish on the outcome soooo wild theory time...

Could the wall be encouraging shorters to take positions without slippage and a coordinated effort on the other exchanges to make it look like a sure thing when really it's a bear trap with plan for short squeeze ?  

[WeltMaster]

BTC14,058.41 still need to be bought on finex