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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26410356 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Wolf Rainer
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May 26, 2014, 05:49:12 AM

Breaking the 590$, it has a big resistence, but when it make it the next station it´s 650.
nioc
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May 26, 2014, 05:51:47 AM

592
ChrisML
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May 26, 2014, 05:52:45 AM

592


593.49  Cheesy
YipYip
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May 26, 2014, 05:54:32 AM

it may touch 600 ..but it will be rejected Cheesy
windjc
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May 26, 2014, 05:56:00 AM

it may touch 600 ..but it will be rejected Cheesy

I thought we'd see 550 before we saw 600, but I have changed my mind. This market is resilient at the moment.

Looks like we are testing 600 tonight. I wonder how far past it we will go.
theonewhowaskazu
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May 26, 2014, 05:58:07 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....
YipYip
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May 26, 2014, 05:58:12 AM

it may touch 600 ..but it will be rejected Cheesy

I thought we'd see 550 before we saw 600, but I have changed my mind. This market is resilient at the moment.

Looks like we are testing 600 tonight. I wonder how far past it we will go.

We may still yet ... touch's 600 and the shorts go in ...day traders cash out for the day and push it back to 565 ish .. sounds good on paper lolz
YipYip
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May 26, 2014, 05:59:11 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

you will get that NP
Raystonn
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May 26, 2014, 06:00:15 AM

Nice $585 bid wall just showed up in time for the automated graph.
theonewhowaskazu
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May 26, 2014, 06:00:40 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

you will get that NP

I have notoriously bad luck on buy orders filling. When I put a buy order on $150 on the way up, I would have gotten it filled 3 times, only coinbase kept fucking me over and canceling it. So I finally wired it to Bitstamp, and by then it was too late.
ChartBuddy
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May 26, 2014, 06:01:25 AM


Explanation
theonewhowaskazu
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May 26, 2014, 06:02:08 AM

Nice $585 bid wall just showed up in time for the automated graph.


FUCK see what I mean???
trc
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May 26, 2014, 06:03:59 AM

Nice $585 bid wall just showed up in time for the automated graph.


FUCK see what I mean???

You shall not pass!
molecular
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May 26, 2014, 06:05:02 AM

Looks like we are testing 600 tonight. I wonder how far past it we will go.

Testing doesn't mean "going past", does it?

Will we bounce from $600 resistance?

I don't know, this market is incredibly strong as even the most hardcore "bears" waiting for lower prices have to realize the bottom is really in (how many have realized it). I thought $550 would hold us back for a while and result in a sizable correction to around $490. Didn't happen: we just went through it like it was warm butter.

The largest unknown for me is currently the size of the impact of media exposure when we hit higher prices that make good headlines. How many newbs are going to be flushing in. I'm already seeing slight influx of newbs (reddit users reporting their first buys and the like. btw: let's try to be nice to the newbs).

For now the rally seems to be based on "old" market participants (who were holding fiat for lower prices and now are starting to panic). Maybe the odd wall street guy is new, but we're not seeing real fresh blood flowing in yet.
molecular
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May 26, 2014, 06:05:54 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

What difference would it make if the market got away from you to $650?
ShroomsKit
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May 26, 2014, 06:06:18 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

This is what i'm talking about. The kind of behaviour i just don't understand.
You traders are odd people.
You risk getting left behind and having to panic buy 10 maybe 30 bucks higher just because you want to save 5 dollars a coin.
Maybe it's different in this case but i'm seeing this all the time.
theonewhowaskazu
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May 26, 2014, 06:07:05 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

What difference would it make if the market got away from you to $650?

Well I'd be happy because I own lots of coins. So. But, I wouldn't be leveraged so I wouldn't have any chance to grow my BTC. So.
molecular
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May 26, 2014, 06:07:26 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

This is what i'm talking about. The kind of behaviour i just don't understand.
You traders are odd people.
You risk getting left behind and having to panic buy 10 maybe 30 bucks higher just because you want to save 5 dollars a coin.
Maybe it's different in this case but i'm seeing this all the time.

true that. I've come to realize: If you want to buy/sell, just do it!
theonewhowaskazu
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May 26, 2014, 06:07:56 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

This is what i'm talking about. The kind of behaviour i just don't understand.
You traders are odd people.
You risk getting left behind and having to panic buy 10 maybe 30 bucks higher just because you want to save 5 dollars a coin.
Maybe it's different in this case but i'm seeing this all the time.

true that. I've come to realize: If you want to buy/sell, just do it!

Funny I've come to the exact opposite conclusion.
molecular
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May 26, 2014, 06:08:33 AM

Cmon i want my 50 coin buy order at $584 to fill. Its just $4... it would make such a big difference to meeeee.....

What difference would it make if the market got away from you to $650?

Well I'd be happy because I own lots of coins. So. But, I wouldn't be leveraged so I wouldn't have any chance to grow my BTC. So.

You have a leveraged buy order at $584? Hmm... doesn't that seem risky? We could easily correct? What's your liquidation point to the downside on that one?
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