Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20256. (Read 26706682 times)
November 10, 2015, 09:05:46 AM
Come on bears, stick it to us!
November 10, 2015, 09:05:03 AM
Definitively not gentlemen
November 10, 2015, 09:04:56 AM
arbitrage fixed, china longs squeezed, rebound?
November 10, 2015, 09:04:09 AM
I just want to say there is no way this is going any lower
November 10, 2015, 09:03:42 AM
"While proposing we "forget about Bitcoin", "Blockchain" woman Blythe Masters has been buying BTC hands over fist"
https://np.reddit.com/r/Bitcoin/comments/3s7wck/while_proposing_we_forget_about_bitcoin/
https://np.reddit.com/r/Bitcoin/comments/3s7wck/while_proposing_we_forget_about_bitcoin/
The connection to "Cumberland Mining" seems pretty clear, but from that to Blythe Masters it is rather forced, to say the least.
Digital Assets Holdings has its own bitcoin trading branch (Genesis) as well as the BIT/GBTC bitcoin fund (issued by the Grayscale branch). So it would be no surprise if they had bid for the USMS coins. If they could snatch them below market and find private buyers at market, why not? Business is business.
However, I don't see any real evidence that Genesis or other Digital Assets Holdings subsidiaries submitted bids for those coins, much less that they got any. Did I miss something? "Masters is buying bitcoins" seems to be just a blind guess.
Moreover, according to the reddit sleuths, the Cumberland lot was split off into smaller pieces, with fees being paid out of one 6000 BTC piece. So they may have been acting mostly as a syndicate, and that 6000 BTC block may be their own slice.
November 10, 2015, 09:00:40 AM
I say: Shit is about to hit the fan. Going down.
... and you are absolutely right.
November 10, 2015, 08:57:11 AM
Difference between China and the west is down to $5.
Yea, that spread had to consolidate closer before the real floor was found.
November 10, 2015, 08:56:56 AM
...
I am thinking along the same lines, but didn't want to tempt fate by blabbing my mouth.....
...
I am thinking along the same lines, but didn't want to tempt fate by blabbing my mouth.....
...
Not tempting Fate & sound TA: Winning combination. BUY!
November 10, 2015, 08:56:06 AM
Difference between China and the west is down to $5.
November 10, 2015, 08:54:49 AM
r0achstradamus strikes again:
$362 = the floor. It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now.
I expect a red china candle to 2400 yuan any second, which will take the US to $362-365ish.
The price seems to want to gravitate towards a $362 floor or so. That extra $20 seems to be scaring away new buyers heh.
$362 = the floor. It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now.
I am thinking along the same lines, but didn't want to tempt fate by blabbing my mouth.....
....this consolidation was always going to 'fake out', with the direction in which the market seemed like it was going to go, actually being the opposite of the direction in which it will go. This is how most people lose money, and the select few make money.
November 10, 2015, 08:52:37 AM
please more volume this time
November 10, 2015, 08:51:23 AM
r0achstradamus strikes again:
$362 = the floor. It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now. Buy now and don't look at price again for 1 year.
I expect a red china candle to 2400 yuan any second, which will take the US to $362-365ish.
The price seems to want to gravitate towards a $362 floor or so. That extra $20 seems to be scaring away new buyers heh.
$362 = the floor. It will probably hold here, but even if it breaks, it's only going to $340-350ish, so pretty safe to buy now. Buy now and don't look at price again for 1 year.
November 10, 2015, 08:45:01 AM
one moar test, will it hold?
November 10, 2015, 08:44:20 AM
Lots of FUD & trolls circle jerking over a drop in price today. Go & play in traffic or something.
hitting $364 on finex doesn't look like fud to me
November 10, 2015, 08:36:30 AM
November 10, 2015, 08:33:28 AM
1-day macd has turned red, do we expect a drop ?
Go draw a Fib retracement box from the $1160 high, right down to the $150 low.
You will see that the first resistance zone, is right at $390. Now of course, Bitcoin shot way beyond that, but much of that momentum was largely to do with shorters, who started opening short positions on the approach to the first Fib retracement zone, as TA 101 says that one should, suffering a brutal short squeeze. After that panic buying or forced buying was all burned out, Bitcoin has come right back down to, and consolidated just under the first long term Fib resistance point.
Over the past week, we have seen a thinning pennant forming. If we take the pole of this pennant, as being from $505 down to $350, then this is bearish as hell. If on the otherhand we assume the spike up to $505 being a bullshit spike, driven in the main by shorts being squeezed, and the usual FOMO brigade, and take the flag pole as being from the base of the previous significant correction, so $300, then the flag becomes a bull flag.
A sell signal for me at this point, would be a break below $360 (although I aint selling), and a buy signal would be a break out above $385.
November 10, 2015, 08:29:00 AM
Lots of FUD & trolls circle jerking over a drop in price today. Go & play in traffic or something.
November 10, 2015, 08:23:06 AM
Just like the 2-year drop from 1200 to 120, we are going from 500 to 50 over the next 2 years. It's called the long tail.
November 10, 2015, 08:22:00 AM
2400cny about to break. 2335 looks like some kind of last resort on Huobi...
November 10, 2015, 08:19:35 AM
Just like the 2-year drop from 1200 to 120, we are going from 500 to 50 over the next 2 years. It's called the long tail.
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