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

[Wandererfromthenorth]

The 0 change sideways was starting to get embarassing, some action going on on china, volume might pick up.
Watch 2120-2130 CNY as support. If that crumbles, it's time to run for the hills.

[Swordsoffreedom]

Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?

It would be interesting, since the price they offered is quite decent 5000 per BTC I own would be a good amount of money
Not a 100 grand but still a decent return on investment

But does that extend to alternate crytocurrencies or sidechains, cause I could totally be fine on Maidsafe or Mastercoins ^^.

[Wandererfromthenorth]

Last support trend line standing before the void. Only on Chinese exchanges.









I suspect we would have breached that before the Microsoft P&D (as you can see from the chart, we went under the trend line for a few minutes/hours), but the news was good reason enough to stop the dumps and pump a little before returning to the same levels.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

As an alternative, we just stay inside the wedge for now, and continue with the sideways until we are forced to exit the formation, which would be boring as fuck.

[shmadz]

Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?

Sure!

I'd only sell about 2% of my total, and I make most of my btc from mining anyways, but still, that would make for one kickass weekend in Vegas 

[BlindMayorBitcorn]

Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?

Sure!

I'd only sell about 2% of my total, and I make most of my btc from mining anyways, but still, that would make for one kickass weekend in Vegas 

This part would require you to sell ALL your coins

[shmadz]

Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?

Sure!

I'd only sell about 2% of my total, and I make most of my btc from mining anyways, but still, that would make for one kickass weekend in Vegas 

This part would require you to sell ALL your coins

Ahh Crap! Foiled again!

And I was really looking forward to that Vegas trip 

[ChartBuddy]

Explanation

[kodtycoon]

whats the best site for looking at various stock/commodity charts? real time if possible.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

whats the best site for looking at various stock/commodity charts? real time if possible.

TradingView?

Click on "Chart", pick anything.

https://www.tradingview.com/

[octaft]

whats the best site for looking at various stock/commodity charts? real time if possible.

TradingView?

Click on "Chart", pick anything.

https://www.tradingview.com/

I believe you need to be registered to gain access to a lot of the options there, but it's free so just use a throwaway email and you're good to go.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Newbie1022]

The market is really fascinating, right now. The Microsoft news broke the bear rally that was looking to get out of hand. However, the Microsoft counter-rally up to $360 was so weak tipping the bulls hand that they have run out of ammo. Yet, many are unwilling to sell en masse on this realization because the Microsoft news signals potential for greater adoption and, hence, is speculatively significant even if, in the short-term, the net effect is actually people using existing coins and unloading bags.

The new money just isn't there right now for it to rise and the bulls have shot their load or dropped out completely. But, people feel like BTC is on firmer speculative footing than it was a week ago. Something that might have more speculative value but has nobody crazy enough to speculate on it anymore. Now, one thought is... that's the perfect time to buy -- I understand that sentiment. But, on the other hand, the real value is the community/network effects and they've already been burnt too many times or had too much of their wealth cut from under them. It's weird. A reason for BTC to live while it is in the midst of taking its last breaths.

I think you have to short until the bulls show they have any fight left in them. Do so with a narrow stop, though, in case a big player enters the market and sees an opportunity.

Great summary. Story of pretty much the entire second half of 2014, maybe even continuing into 2015 (though I see it as a positive indication that overall volume is going up again).

I think it is a fair summary. Everything except shorting with a narrow stop. Otherwise known as losing money

Oh, I just meant the bolded parts, about an unwillingness of the market to go in either direction.

How to trade this stagnant situation is a different beast altogether.

Trading this situation is, indeed, an entirely different beast altogether. I might have overstated how narrow my stops are... maybe not. I have a short (price at 380) that I lowered the stop price to 360 on. I can afford to lose those gains even if the price jumped past there on normal, noise volatility. I'm not, however, willing to have the price jump 100 points away on me and get burnt. Even though I don't see that latter contingency happening, speculatively it should (how many people may join through added exposure with Microsoft and others) and fundamentally (how many people are actually in the network) it shouldn't. I'm betting it's going down and if it does, I make a lot. If it doesn't, or there is enough false noise in the market then I lose a little. Either way, I enjoy my Christmas.

[szmarco]

The price have a little rise now.
Because a meeting is opening in Sanya china.Some ex-officers of central bank and China bank have released some positive opinions about digital currency.

[Richy_T]

[ChartBuddy]

Explanation