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

[podyx]

so is everybody expecting a crash here?

I am, but I am not crazy enough to try to time it (here, 390, or 410). I'll jump along for the ride once it gets going.

I'm curious, how big of a crash are you thinking?

[grappa_barricata]

[ChartBuddy]

Explanation

[Newbie1022]

so is everybody expecting a crash here?

I am, but I am not crazy enough to try to time it (here, 390, or 410). I'll jump along for the ride once it gets going.

I'm curious, how big of a crash are you thinking?

306 or 307. And I am looking for us to turn downward somewhere in the 380-390 window. Reasons:
(1) A lot of unused shorts on BFX right now;
(2) BFX lagging the other markets (usually that's a sign of reversal in the leverage game);
(3) News isn't terrible, but isn't great either and not enough to change the vibe;
(4) Would make sense as a continuation on the waves in the 1d chart if you chalk the move from $330 to $275 a while back as a mini-flash crash (a lot of longs got burnt or nervous and the market really should have stayed in the $320-$330 range, then).

That's what I'm seeing off the charts. Nothing too complicated or dire... just a continuation of the existing broader trend.

[mskryxz]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

[Newbie1022]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Because the moving of BTCs from people holding them to retailers who are required to dump them damn near immediately due to risk concerns and accounting conventions has always been bullish. Please take special note of the sarcasm in that comment -- it may save you your lunch money. 

[ShroomsKit]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

[Newbie1022]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

Dude, you aren't very good at this. Like donate your money to charity or something because you never have a read on where the market is going... like ever. Never ever. What is it that one witty poster wrote -- "it doesn't mean it's manipulation just because your autism says that the price should go up." That applies to you, sir.

[grappa_barricata]

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

Behold! Your natural predator: 

[elasticband]

[Erdogan]

Cumulatively, the ruble has shed 25% of its value in 2014 alone, making it one of the worst performers in the money markets.
https://www.cryptocoinsnews.com/russian-rubles-depreciation-trigger-bitcoin-run/

now we can add Russia to the list of countries who are flirting with complete economic turmoil.
https://www.cryptocoinsnews.com/another-fiat-currency-crisis-pops-russia-ruble-falls/

Great news for Russia....just imagine how bad it would have been, if it was the other way, if the ruble had appreciated...

[KFR]

It would be wise not to ever take the Huobi order book at face value.  Shenanigans and stunts.  Take a look at the depth history.

[riiiiising]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

[indiemax]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

what? Halloween 2015

[elasticband]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

what? Halloween 2015

well we all know the price on past halloweens so logic would dictate a halloween in the future and 2015 being the coming year it is reasonable to assume this is they year in question. bit of volcan columbo for ya there.

[hdbuck]

http://www.badtaxidermy.com/

[elasticband]

that piece was made in london and was called a pug giving birth to a piglet, if i remember correctly it sold for over £7000

they also had a 8ft white polar bear standing tall...... close to £35,000 or maybe more.

[ChartBuddy]

Explanation

[Kontridder]

dump ?

[NotLambchop]