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

[billyjoeallen]

heheh gotta love that.  



-> http://www.zerohedge.com/news/2014-03-17/global-death-cross-just-got-deathier

it's cuz Wall Street knows that if equity prices fall too much that the Fed will crank up the printing presses again. Stocks may be overpriced, but dollars are even more overpriced.

[1715423428]

1715423428

[1715423428]

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[hdbuck]

heheh gotta love that.  



-> http://www.zerohedge.com/news/2014-03-17/global-death-cross-just-got-deathier

it's cuz Wall Street knows that if equity prices fall too much that the Fed will crank up the printing presses again. Stocks may be overpriced, but dollars are even more overpriced.

yea everything seems overpriced... except bitcoins!  

[arepo]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

[JayJuanGee]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

I don't see any meaningful changes regarding the order book walls. 

I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts

[mah87]

https://ripple.com/wiki/Multisign#Ticket_Entry

[bassclef]

Since not much else is going on...

Overstock ad. One of two run nationally on Comedy Central (extremely popular US channel) and likely others, seen by millions. "Now accepting Bitcoin" plug on final screen.

http://www.youtube.com/watch?v=48_fmjn2GTc

[Davyd05]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

I don't see any meaningful changes regarding the order book walls. 

I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts

there is chart, the bid ask sum chart, which pretty much shows a pretty accurate of the total coins vs fiat on the exchange...it gets posted here often but I am not looking for it Probably will get posted soon enough.

[arepo]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

I don't see any meaningful changes regarding the order book walls.  

I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts

courtesy of bitcoinity

[derpinheimer]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

I don't see any meaningful changes regarding the order book walls.  

I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts

courtesy of bitcoinity

Sorry but hes right, the order book is looking terrible.
Bid depth was 9.2k to 600 and ask 7.7k to 700 -- <4 days ago

Now:

Bid depth only 4.6k, 50% reduction, and ask depth to 9.6k.

[podyx]

im actually considering if we gonna see like a 2011 bear market

thoughts on this? is it possible with sub $200?

boy, am i gonna rack in on those cheap coins if that will be the case lol

[bassclef]

Don't get excited yet. Another week of consolidation before we see anything interesting, imo.

[byronbb]

[joeventyra]

Explanation

that is the best explanation. this happens all the time. if anyone of you cannot see that than you are blind and you are not for the bitcoin trading business for sure.

[cee-euros]

China open is a bit red

[Nicholas-Carraway]

China open is a bit red

Everyone's a comedian!

[lemonte]

Don't get excited yet. Another week of consolidation before we see anything interesting, imo.

What are your thoughts? We heading down?

[bassclef]

Don't get excited yet. Another week of consolidation before we see anything interesting, imo.

What are your thoughts? We heading down?

While it's possible we dip below $600 for a short time, I can't see it going lower than $580. And that's only if the market gets bored/nervous and bears get itchy trigger fingers. I would not recommend shorting at this point. All the pieces are coming into place for another exponential run-up this summer with its beginning starting as soon as a couple weeks. I recently increased my LTC position, as it will follow BTC up if/when it happens.

[JayJuanGee]

rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility?

I don't see any meaningful changes regarding the order book walls.  

I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts

courtesy of bitcoinity

Sorry but hes right, the order book is looking terrible.
Bid depth was 9.2k to 600 and ask 7.7k to 700 -- <4 days ago

Now:

Bid depth only 4.6k, 50% reduction, and ask depth to 9.6k.

So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends.... unless some big-ass whale comes in to cause some upward drama.... or unless some kind of big and meaningful news drops upon us. 

We cannot really bet on any of this b/c this information is NOT really solid, but I suppose that there may be a bit of signalling among whales in order to attempt to continue to keep BTC prices down and to slowly accumulate cheap coins.... ... and maybe we could get a month of this kind of slow downward movement...

Nonetheless, I am a little worried to bet upon it... so likely I am going to hang onto what BTC i have and keep DCA buying......  I am more likely to buy a little bit in the next day or so... ...b/c we are kind of floating in this same ... $620 to $640... territory.

[FTWbitcoinFTW]

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[ardana123]

Phew, my 0.00340434 BTC are still there.