remember my words I posted here 5-6 hours ago :
"Bitcoin will not make it through this night"
 Yeah I'm sure tonight its going to be $0. |
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This is not a chart reversal pattern, not yet anyway. The way $400 fell so easily makes me think that there is more blood to come. Why head fake @ $380 when you can do it at $350? or $250? 15 minute chart looks like a mini version of the $710 whale. $382 will be retested. It looks like a false bottom so far. The enemy of the manipulator is time.
I agree we should see some more dumping, to the mid 300's. Its very rare for a massive support to fail and not overshoot a good deal.. $383 is nothing. |
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There's going to be some resistance at $415 and $400, but the bid walls are getting smaller. Some people are moving them back. Some are just pulling them. Probability of breach up to 50/50. The Whales are swimming deep in the order book.
The only significant wall that has been pulled so far is ~ BTC700 at ~$375 |
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Relax guys, price will obviously go higher. Look at bitstamp:
- they are buy orders in value of 14.000 BTC in total from 440 down to 398 USD
- on the other hand they are sell orders in value of 4.698 BTC in total up to 484 USD (from 440 USD).
So basically, while people would buy 14.000 BTC by the time BTC would go down to 400, there is ONLY 4.698 BTC on the selling side up to 484 USD.
I think this says all: people are not willing to sell their bitcoins at this price, which is the correct attitude. Excepting some idiots who are selling (I think everybody's an idiot selling now), people are just holding. Imagine, 4.698 BTC for sale from the almost 13.000.000 on the market... that says a lot about it (and also about how stupid people selling at this price are).
I am sure that by the end of 2014 BTC will be at least 2-3.000 USD.
The orderbooks cant be taken too seriously. You'll see some really big rises come from times of an awful looking orderbook and of course vice versa. \ |
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Just one question: why didn't you mirror it so the red candles made sense?? Funny though! |
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does anybody still care about walls? down to $400, it just crossed the 15k mark!  It is fake wall. Just compare with huobi wall, and you can see. There no have any logic. Huobi has a volume of daily transactions three times more than bitstamp and should have a greater wall than bitstamp. China exchanges are more market order fans than limit order, wall is likely real |
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On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?
Easier to do it by making all the USD sums the same or all the BTC sums the same. He (or, possibly someone else with that same amount- no guarantee) has a 115.98btc ask as well, so they are probably just trying to flip for a quick profit. |
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price is stable no need to sell now
Its down 28% today and down 86% in the past 2 weeks. That is stable? |
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The train is coming  |
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Just another day in the Bitcoin market... Exchange x stopped deposits in y currency?!?!  This means that the price should go down artificially on that exchange. I think everyone else will dump because they think everyone else will dump because of this news. Panic sell!!!If I understand it, a ban in China is not like shutting BTC-E down. It would prevent the whole country from being able to invest in Bitcoin. If BTC-E goes down, people can just move exchanges. This should cause a massive devaluation of BTC unless we happen to end up in another hype cycle (or, deposits come back) I really dont believe the China ban is "factored in". Much like Gox, and countless other things that were 'already' factored in. That BTC-e whale is interesting..
Whats going on there? I checked and saw a shadow line of about 600BTC. Was it sold in to? |
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This isnt something new, I saw a "documentary" on this. But I cant dig it up..
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800 btc support wall at btc-e
rocket is fueled.
lmao.. a 800BTC bidwall is "a fueled rocket"  ? There is a 6000BTC wall on Bitstamp. And even it doesnt mean much. |
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That website is a lie. All it does is show volume, not buying. Not sure how anyone could believe that's what it actually showed in the first place
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It would mean Doge became the world's primary currency. What happens? Nothing. It already happened.
Of course this wont happen.
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Breaking News: If no one buys we wonŽt go up If no one sells, we won't go down. I have to think about that, but there might be some truth in it. For now, Chona started dumpin a little bit. WeŽll see how low this will go. 3600B mined a day. Selling wont stop. |
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"cheap coins" - another cultist term
Imagine you were selling bitcoin futures contracts. What would someone have to pay you now in return for your bitcoin a year from now? These coins are going up and you know it. You just don't know how much they're going to go down first. No, I dont know that. And clearly most of society disagrees as well. |
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Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...
Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare. .... is there infinite fiat on the exchanges? No? Then STFU. Wow... onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat? Im 100% in BTC, I just dont like those sort of cultist comments. "Infinite money". We get it. But that doesnt mean a whole lot. The exchange orderbooks still look like ass, and coins arent hard to come by, clearly,as it took 1 minute for 550 BTC to show up after a 1250 BTC buy. Thats awful! |
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Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...
Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare. .... is there infinite fiat on the exchanges? No? Then STFU. |
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Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...
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china sparking up
China is sub 3k and has poo for volume How is that "sparking up" farking hell it was approaching support with momentum, and then it stalled and sparked up. I call it a spark, because it wasnt quite a rally. China can be more or less ignored when its volume is low. Jorge would call these "Slumber periods" I think. |
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