6H chart looks like a beautiful beginning to me.
+1
Look at the volumes.. This is just the silence before the storm.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21374. (Read 26715952 times)
July 07, 2015, 03:16:05 PM
+1
Look at the volumes.. This is just the silence before the storm.
July 07, 2015, 03:09:53 PM
6H chart looks like a beautiful beginning to me.
July 07, 2015, 03:09:10 PM
The 30 min chart gives a pretty accurate picture of what is happening for the upcoming days in my opinion: Falling wedge.
July 07, 2015, 03:01:44 PM
July 07, 2015, 02:22:47 PM
Welp flat again. Probably be like this for at least a few days before another up move. Especially since greek banks still closed.
July 07, 2015, 02:03:13 PM
btc wall on finex is lower now?
July 07, 2015, 02:01:42 PM
July 07, 2015, 01:09:59 PM
you better be right, cuz if you arent then we are going to have to push the independent thought button .. and no one wants that (especially obama) .
What's Obama done now?
July 07, 2015, 01:01:46 PM
July 07, 2015, 12:56:54 PM
Banks in Greece won't open this week 
I doubt they will until some sort of agreement is reached with the Euro... they will maximize pain until the Greeks give in... or at least they'll try.The banks are kinda out of money...
They defaulted on their payments to the Eurpean Central Bank. Greek banks are essentially finished.
The Greeks will be asking officially for help from the European Stability Mechanism tomorrow, and the Eurogroup is ready to hold a meeting about it on the same day as the official request arrives. They will probably give Greece at least enough money to last until the latest emergency summit on Sunday. That should prop the Greek banks up for a while longer.
http://www.telegraph.co.uk/finance/economics/11722511/Greece-news-live-Greeks-have-voted-themselves-out-of-the-euro-as-European-leaders-openly-discuss-how-to-manage-a-Grexit.html
Quote
Following the meeting Eurogroup President Jeroen Dijsselbloem announced that the Greek government would submit a new request for financial assistance from the European Stability Mechanism (ESM). The request is expected tomorrow, 8 July 2015.
The Eurogroup is ready to hold a conference call on the same day when the request is received.
The Eurogroup is ready to hold a conference call on the same day when the request is received.
July 07, 2015, 12:40:27 PM
Guys, just remember that a healthy pullback is necessary for the market to move up, because it draws out selling. This is why you see a corrective wave after every impulsive wave.
The corrective wave slants downwards because it pulls selling from:
a) longs who want to take profit
b) longs who get nervous and sell the bottom
b) shorts from eager bears
c) miners who wish to dump at this price level
d) whales who want to go to on vacation
It also provides cheap coins for bulls, and if they're still in control the market will move back up eventually. The longer the consolidation/correction, the higher the resulting move will be (generally) because all of the selling that would have been on the books is now gone and will not stand in the way of a price markup. Once the price gets a little push, all of the traders who have sold already will now have to buy back in, shorts will cover and the whales will simply move their walls aside. All of this will contribute to a sustained price advance.
The corrective wave slants downwards because it pulls selling from:
a) longs who want to take profit
b) longs who get nervous and sell the bottom
b) shorts from eager bears
c) miners who wish to dump at this price level
d) whales who want to go to on vacation
It also provides cheap coins for bulls, and if they're still in control the market will move back up eventually. The longer the consolidation/correction, the higher the resulting move will be (generally) because all of the selling that would have been on the books is now gone and will not stand in the way of a price markup. Once the price gets a little push, all of the traders who have sold already will now have to buy back in, shorts will cover and the whales will simply move their walls aside. All of this will contribute to a sustained price advance.
you better be right, cuz if you arent then we are going to have to push the independent thought button .. and no one wants that (especially obama) .
July 07, 2015, 12:01:42 PM
July 07, 2015, 11:39:36 AM
Guys, just remember that a healthy pullback is necessary for the market to move up, because it draws out selling. This is why you see a corrective wave after every impulsive wave.
The corrective wave slants downwards because it pulls selling from:
a) longs who want to take profit
b) longs who get nervous and sell the bottom
b) shorts from eager bears
c) miners who wish to dump at this price level
d) whales who want to go to on vacation
It also provides cheap coins for bulls, and if they're still in control the market will move back up eventually. The longer the consolidation/correction, the higher the resulting move will be (generally) because all of the selling that would have been on the books is now gone and will not stand in the way of a price markup. Once the price gets a little push, all of the traders who have sold already will now have to buy back in, shorts will cover and the whales will simply move their walls aside. All of this will contribute to a sustained price advance.
The corrective wave slants downwards because it pulls selling from:
a) longs who want to take profit
b) longs who get nervous and sell the bottom
b) shorts from eager bears
c) miners who wish to dump at this price level
d) whales who want to go to on vacation
It also provides cheap coins for bulls, and if they're still in control the market will move back up eventually. The longer the consolidation/correction, the higher the resulting move will be (generally) because all of the selling that would have been on the books is now gone and will not stand in the way of a price markup. Once the price gets a little push, all of the traders who have sold already will now have to buy back in, shorts will cover and the whales will simply move their walls aside. All of this will contribute to a sustained price advance.
July 07, 2015, 11:33:12 AM
Exciting week for BTC so far. Let's hit 280 today!
why?some chart ?
Sum bags
July 07, 2015, 11:26:40 AM
we will hit 270 today, check btc-e
July 07, 2015, 11:18:08 AM
Exciting week for BTC so far. Let's hit 280 today!
why?some chart ?
maybe a continent's economy going tits up just to tip the balance a little too.
July 07, 2015, 11:02:11 AM
Banks in Greece won't open this week
I doubt they will until some sort of agreement is reached with the Euro... they will maximize pain until the Greeks give in... or at least they'll try.The banks are kinda out of money...
They defaulted on their payments to the Eurpean Central Bank. Greek banks are essentially finished.
and then the "GCB" shall fill those empty vaults with drachma.
Except there is no drachma anymore, so it would basically be greek IOUs. If you thought bitcoin was unstable...
http://www.economist.com/news/finance-and-economics/21649476-greece-could-alleviate-its-shortage-cash-issuing-ious-only?fsrc=scn/tw/te/pe/ed/scriptease
July 07, 2015, 11:01:44 AM
July 07, 2015, 10:59:19 AM
Good morning Bitcoinland.
No surprises I see. As expected we're going sideways in the $260s after the brief surge over $270.
Hopefully last week's $250s are in the past, just like the $240s of the week before.
Will we have to wait until next week for the next leg up?
Also predictably, the trollbears and negative Nellies are acting like a $5 dip is a big deal after a $15 rise. Pathetic.
Yawn. Mmmm, coffee.
No surprises I see. As expected we're going sideways in the $260s after the brief surge over $270.
Hopefully last week's $250s are in the past, just like the $240s of the week before.
Will we have to wait until next week for the next leg up?
Also predictably, the trollbears and negative Nellies are acting like a $5 dip is a big deal after a $15 rise. Pathetic.
Yawn. Mmmm, coffee.
July 07, 2015, 10:50:30 AM
Banks in Greece won't open this week
I doubt they will until some sort of agreement is reached with the Euro... they will maximize pain until the Greeks give in... or at least they'll try.The banks are kinda out of money...
They defaulted on their payments to the Eurpean Central Bank. Greek banks are essentially finished.
and then the "GCB" shall fill those empty vaults with drachma.
Except there is no drachma anymore, so it would basically be greek IOUs. If you thought bitcoin was unstable...
Jump to: