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

[BitChick]

NEW VOTE PLEASE:

350 BY TOMMOROW?

1. YES
2. NO
3. 400

no, at least not for a significant period of time.

What, 10 minutes?  

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[robinwilliams]

Reverse head-and-shoulders pattern forming on the 15m chart, looks good so far.

Not once or twonce we had fake recovers before dropping to the next level. Biggest one was the rise to 450 after announcement of paypal accepting BTC.


I would be very onservative before calling a reversal

+1.  I do like this bounce though.

paypal was huge news and it went up like 20 bucks which was hugely scare (should have been a 30% bump)

[Raystonn]

Our weekly volume hasn't been this high since February.
Our 3-day volume hasn't been this high since April.
Our 1-day volume hasn't been this high since the beginning of March (Gox).

[Torque]

Reverse head-and-shoulders pattern forming on the 15m chart, looks good so far.

Not once or twonce we had fake recovers before dropping to the next level. Biggest one was the rise to 450 after announcement of paypal accepting BTC.


I would be very onservative before calling a reversal

+1.  I do like this bounce though.

paypal was huge news and it went up like 20 bucks which was hugely scare (should have been a 30% bump)

Agreed, I'm not calling it a bottom just yet.  We need to break 350 and fkn stay above that for some period of time.  Like several weeks.

[jaberwock]

Maybe a silly question, but why not introduce a fee for placing an order?
Let's say 50% of the current fee which we have to pay to the exchanges. The exchange gets the other 50% when there is a buy/sell.

This way ONLY the real asks and bids will be at the exchanges. No playground for people like Nemesis (if he's the right person), cause he'll lose (a lot of) money to place such an order in the first place...

I think it could be better for the near future of BTC (new money).

first exchange to do that would die with no volume.

The chinese don't have trade fees, if we introduce fee for placing order everyone will go to china or to underground exchanges

[fonzie]

Maybe a silly question, but why not introduce a fee for placing an order?
Let's say 50% of the current fee which we have to pay to the exchanges. The exchange gets the other 50% when there is a buy/sell.

This way ONLY the real asks and bids will be at the exchanges. No playground for people like Nemesis (if he's the right person), cause he'll lose (a lot of) money to place such an order in the first place...

I think it could be better for the near future of BTC (new money).

It´s actually quite the opposite. A lot of exchanges now use maker/taker system, which means that the own who placed his wall actually get´s paid for it cause he improves liquidity on the exchanges. Which makes sense in my opinion. There is nothing wrong with placing huge walls on an exxchange, it´s a free market, if someone wants to buy/sell into it, he can do. If someone is using it to manipulate the price he is risking his stash USD or BTC.

[xcrabber]

more fun?
 

I own this market!

I can understand using leverage if you have the ability to do so, but doesn't there come a point where you want to encourage the Bitcoin community and keep a positive sentiment for the sake of long term success?  "With great power comes great responsibility" so the saying goes.  There are many people that are new to Bitcoin that will be scared away from investing their time and resources in it just from "games" being played.  We don't want to lose these people.  They are valuable to growth and sustaining the market.  

is not important whilst having a megalomanic coke rush!

I usually just listen and learn but great responsibility was shown with that wall of great power.  That wall could of easily crushed the "strong" support of 266.  As for the new people they should not invest without due diligence, having studied the extreme volatility and fundamentals that is BITCOIN. 

[criptix]

Maybe a silly question, but why not introduce a fee for placing an order?
Let's say 50% of the current fee which we have to pay to the exchanges. The exchange gets the other 50% when there is a buy/sell.

This way ONLY the real asks and bids will be at the exchanges. No playground for people like Nemesis (if he's the right person), cause he'll lose (a lot of) money to place such an order in the first place...

I think it could be better for the near future of BTC (new money).

It´s actually quite the opposite. A lot of exchanges now use maker/taker system, which means that the own who placed his wall actually get´s paid for it cause he improves liquidity on the exchanges. Which makes sense in my opinion. There is nothing wrong with placing huge walls on an exxchange, it´s a free market, if someone wants to buy/sell into it, he can do. If someone is using it to manipulate the price he is risking his stash USD or BTC.

biggest problems are players who sell/buy into themself.
i dont see a problem in huge wall either, but buying/selling into your own orders should not be possible. but i guess this is impossible.

[Remember remember the 5th of November]

As much as I hate showing this

.

Hopefully it doesn't happen.

[blaaaaacksuit]

As much as I hate showing this

.

Hopefully it doesn't happen.

Heretic!!!

[tarmi]

made ridiculous amount of money today.

this is fkn unreal.

[Remember remember the 5th of November]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

[tarmi]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

20k

[gentlemand]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

20k

kudos.

[touhonoob]

As much as I hate showing this

https://i.imgur.com/Axh6GRI.png.

Hopefully it doesn't happen.

the 5th of November 

[Remember remember the 5th of November]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

20k

How much did you play with? I think you gotta have something like $10-20k to earn $20k.

[Erdogan]

more fun?
 

I own this market!

Could you put in a 6666 BTC wall for a few seconds to prove that it is yours?

Be sure to put that bid wall at $340 so we know it's you.

Can't we ask for "ask" walls instead please?  

An ask wall is a sell wall, I think you mean bid wall  

This is why we can't have nice things.

And you guys wonder why I just decided to hodl!?  It is better for blonds to hodl when we get our ask and bids confused.  

It is just as difficult for a daytrading blonde to become rich, as for a camel to come through the needles eye.

[podyx]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

20k

on short?

[adamstgBit]

made ridiculous amount of money today.

this is fkn unreal.

Hint to the amount you made?

20k

How much did you play with? I think you gotta have something like $10-20k to earn $20k.

ya i smell BS

20K cents?

[fonzie]

made ridiculous amount of money today.

this is fkn unreal.

 
Congratulations!
Thanks to 247exchange.com i was able to buy an additional 25 BTC @285$(on Sunday) which i immediately used to leverage up 10x @ okcoin around 297$.

Good day. More of them to come soon probably!