Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18549.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Tzupy on June 21, 2016, 11:10:36 AM

Quote from: Miz4r on June 21, 2016, 10:40:20 AM

Quote from: strawbs on June 21, 2016, 10:18:49 AM

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap. Wink

You always believe the price will fall or any rally is a bull trap. We are at $679 dollars, Tzupy. You were bearish at 200$ :-)

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: Miz4r on June 21, 2016, 10:40:20 AM

Quote from: strawbs on June 21, 2016, 10:18:49 AM

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

Typically, the market builds a triangle that breaks up. But I believe that mini-rally will become a bit of a bull trap. Wink

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: BlindMayorBitcorn on June 21, 2016, 10:56:08 AM

Quote from: soullyG on June 21, 2016, 10:47:45 AM

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

i started to think that btc price rise were pumping for the Australian auction Undecided

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: BlindMayorBitcorn on June 21, 2016, 10:56:08 AM

Quote from: soullyG on June 21, 2016, 10:47:45 AM

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

I hate it when bitcoinity screws up so badly that it can't keep up with the price. I thought Huobi had gone offline until I switched to bitcoinwisdom. As for coinmarketcap, relying on its up to date prices cost me money one time when it was hours out of sync.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: soullyG on June 21, 2016, 10:47:45 AM

Never feel quite as alive as during a big Bitcoin price change

I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Never feel quite as alive as during a big Bitcoin price change

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Miz4r on June 21, 2016, 10:40:20 AM

Quote from: strawbs on June 21, 2016, 10:18:49 AM

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

That remains to be seen. A strong bounce back up over 700 in the next 24 hours would secure the immediate trend.

Watching :-)

edit: bitfinex charts are bonkers

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: strawbs on June 21, 2016, 10:18:49 AM

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Not so fast, a correction like this is not resolved within a day. I expect at least a double bottom and perhaps a deeper correction to $610 level or $570. Could take 2 more weeks or longer before we resume the uptrend.

strawbs

legendary

Activity: 874

Merit: 1357

A correction which was due, but triggered early by Finex panic, perhaps. Either way, up from here.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: rjclarke2000 on June 21, 2016, 09:53:43 AM

So it's not the auction and brexit? It was exchange issues?

It's none of those, it's just a normal correction within a bull trend. Anything could have been the trigger for this correction, but in TA terms the trigger for me was when we broke down from the ascending triangle yesterday.

Torque

legendary

Activity: 3780

Merit: 5429

^{(Reddit readers will get the joke)}

rjclarke2000

legendary

Activity: 1358

Merit: 1016

So it's not the auction and brexit? It was exchange issues?

petahashminer

legendary

Activity: 1890

Merit: 1037

bitfinex orderbook looks good,

buy support is high. i think the problem has solved.

TeeBone

sr. member

Activity: 502

Merit: 251

Charts way oversold, still time to get back on the train, just hurry !

bitjanja

member

Activity: 112

Merit: 10

rebound is here

at least looks like it bottomed already

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: BlindMayorBitcorn on June 21, 2016, 09:35:10 AM

Decentralized assets are so passé. Maybe we should consider an alternative?

Paycoin? Or wait for JPMCoin?

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Decentralized assets are so passé. Maybe we should consider an alternative?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Spaceman_Spiff on June 21, 2016, 09:26:38 AM

Quote from: Elwar on June 21, 2016, 09:24:09 AM

Quote from: Spaceman_Spiff on June 21, 2016, 08:04:13 AM

Currently, you can't do shit on Finex, they are having issues (nice timing Undecided

). When they come up again, you can do leverage long with BTC as collateral (just remember that the value of your collateral goes down together with your leverage position in this case).

Thanks for the help. I went ahead and tested with $500. I now have $500 in my "Unused Margin Funding" tab. I tried to do a purchase with that but it says I don't have enough money.

How do I take that $500 and go long on BTC?

Go to the margin trading tab and place an order, it ll automatically take the dollars you reserved first.

BTW: your collateral needs to be in your trading wallet as well.

Got it, had my collateral in another wallet.

Now Bitcoin to $32,000!!!

Good to know though when I bring more bitcoins in. Thanks.

barbs

hero member

Activity: 854

Merit: 1000

what a shit show!

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: Torque on June 21, 2016, 08:11:00 AM

Phil Potter of Bitfinex last night talking about the outage:

https://www.youtube.com/watch?v=tXBnd0uPuWs&feature=youtu.be

This sounds like a legit network issue. So bear trap. Grin

Of course we have redundancy ... it just didn't work. Love it Kiss

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18549. (Read 26609874 times)