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

[ChartBuddy]

Explanation

[akujin]

I didn't look for a while, was there a 5k dump on OKcoin?

One big single order was dumped 

[Wandererfromthenorth]

If you wanna go long, wait for a bigger pullback

[Wandererfromthenorth]

I didn't look for a while, was there a 5k dump on OKcoin?

I didn't look either, but probably fake volume, the okcoin depth chart never has walls that big...

[JimboToronto]

Good morning Bitcoinland. Just got home from Saturday night to see that the little November price rise is continuing.

It's far too early to start posting images of trains and rockets, but at least it's going in the right direction.

I'm glad I bought a few more coins during the dip at the start of the month.

[abercrombie]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

Very bullish for OTC traders.  

[stash]

[Walsoraj]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

Very bullish for OTC traders.  

Did you read the statement? It's bullish for MSB's. And by extension, non-OTC traders.

[ChartBuddy]

Explanation

[noobtrader]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

Very bullish for OTC traders.  

Did you read the statement? It's bullish for MSB's. And by extension, non-OTC traders.

seems unstoppable, good chance that btc will break 1K at new year...

[LFC_Bitcoin]

1000 USD by New Year is a bit optimistic lads.
I'd be happy if we could consolidate at around 600 USD by New Year.
Gradual rise in price is better than a crazy spike followed by a slump.

We're moving in the right direction though.

Strange as there hasn't been any particularly great news in the media or anything.

[btcney]

1000 USD by New Year is a bit optimistic lads.
I'd be happy if we could consolidate at around 600 USD by New Year.
Gradual rise in price is better than a crazy spike followed by a slump.

We're moving in the right direction though.

Strange as there hasn't been any particularly great news in the media or anything.

The chart is the news.

[thezerg]

1000 USD by New Year is a bit optimistic lads.
I'd be happy if we could consolidate at around 600 USD by New Year.
Gradual rise in price is better than a crazy spike followed by a slump.

We're moving in the right direction though.

Strange as there hasn't been any particularly great news in the media or anything.

The chart is the news.

bitcoin tip day raising awareness last week
Lawsky rumored to be leaving
second market probably bought +7000 over the last month and various ambiguities with how they report things obscured that until last week
Ukraine central bank clearly validating Bitcoin's tremendous value during times of economic turmoil.

[JorgeStolfi]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

Since it seems that the official bears are taking a nap:

That lengthy document basically says "Hey banks, please do NOT close the accounts of EVERY money service business; evaluate case-by-case, and close only the accounts of the fishy ones."

E.g., those that deal with cryptocoins.   

[Rocky X]

Wow! Expectations mislead reality. I hope bull market will return in shorter time.

[ChartBuddy]

Explanation

[Newbie1022]

Looking at the numbers, I think this s--- is going to drop like a brick any minute. Don't get me wrong, we might even eclipse $400... but this is probably a profit taking opportunity.

Why?

(1) Look at Darkcoin -- it went up at an incredible pace on the dark markets being seized, but now it is down 10% -- perhaps the dark market issue response is over or overblown at this point;

(2) Dollar swaps are actually starting to fall (very slightly);

(3) Shorts are through the roof (but are not yet reflected in the market depth because you can reserve BTCs for a short without putting them into direct action).

In a nutshell, good on you if you called this jump and made some money, but I'd suggest taking profits now and looking for the next pivot point.

NOTE: This review does not account for mythical creatures like unicorns nor does it account for news on the ETF front.

NOTE #2: I also wouldn't suggest opening a short at this point, either. There's still a good chance you could get burnt big time.

[Walsoraj]

New FinCEN statement today that actually looks bullish: http://www.fincen.gov/news_room/nr/html/20141110.html

Since it seems that the official bears are taking a nap:

That lengthy document basically says "Hey banks, please do NOT close the accounts of EVERY money service business; evaluate case-by-case, and close only the accounts of the fishy ones."

E.g., those that deal with cryptocoins.  

Yes, that is how a bear or rational person would interpret the statement. Another interpretation: we approve of companies that are proactively working with the banking industry, like Ripple Labs.  

[dreamspark]

Looking at the numbers, I think this s--- is going to drop like a brick any minute. Don't get me wrong, we might even eclipse $400... but this is probably a profit taking opportunity.

Why?

(1) Look at Darkcoin -- it went up at an incredible pace on the dark markets being seized, but now it is down 10% -- perhaps the dark market issue response is over or overblown at this point;

(2) Dollar swaps are actually starting to fall (very slightly);

(3) Shorts are through the roof (but are not yet reflected in the market depth because you can reserve BTCs for a short without putting them into direct action).

In a nutshell, good on you if you called this jump and made some money, but I'd suggest taking profits now and looking for the next pivot point.

NOTE: This review does not account for mythical creatures like unicorns nor does it account for news on the ETF front.

NOTE #2: I also wouldn't suggest opening a short at this point, either. There's still a good chance you could get burnt big time.

Dark got pumped due to the darknet market news, now it will go back down because it was a pump.

Shorts through the roof != a reason to go down, if anything its a reason to go up as they get squeezed. (I dont buy the not reflected in the price statement as most people dont reserve BTC before selling them they just carry out the trade and autolend, the interest rates dont change that much so whats the point of reserving)

[noobtrader]

Looking at the numbers, I think this s--- is going to drop like a brick any minute. Don't get me wrong, we might even eclipse $400... but this is probably a profit taking opportunity.

Why?

(1) Look at Darkcoin -- it went up at an incredible pace on the dark markets being seized, but now it is down 10% -- perhaps the dark market issue response is over or overblown at this point;

(2) Dollar swaps are actually starting to fall (very slightly);

(3) Shorts are through the roof (but are not yet reflected in the market depth because you can reserve BTCs for a short without putting them into direct action).

In a nutshell, good on you if you called this jump and made some money, but I'd suggest taking profits now and looking for the next pivot point.

NOTE: This review does not account for mythical creatures like unicorns nor does it account for news on the ETF front.

NOTE #2: I also wouldn't suggest opening a short at this point, either. There's still a good chance you could get burnt big time.

in a nutshell :
1. do not take long position because its going to drop like a brick any minute.
2. do not take short position as There's still a good chance you could get burnt big time.


r us serious