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

[ChartBuddy]

[Loozik]

bitstamp just touched $113 !

BTCUSD keeps on surprising.

MtGox with its higher prices seems pretty much neutral, Bitstamp with prices lower than MtGox looks as if (probability lower than 50%) it wanted to drop to 85, BTC-e with prices even lower than Bitstamp looks as if (probability lower than 50%) it wanted to drop to only 90.

It is not a call (it can't be a call given such a shitty probability). I am just extremely curious about what is going to happen within the next 2 weeks given arbitrage peculiarities in the Bitcoin realm.

[ChartBuddy]

[michaelGedi]

things are finally interesting....

half my (long term holding) shares in AM are dropping like a stone, all the rest of BTC profit and new buy back is rising after a nice buy back at 103 on bstamp.


time to throw my uneducated comments into the room again.


why would people not believe that we have hit the bottom, and all those wait and see-ers who got interested around the bubble time but wanted to wait for it to deflate and get cheaper no be buying around this kind of time? How long do you have to wait and see?


the main question on my mind, which I probably won't get an answer, is do I hold the 100% BTC from now until Tuesday 27th GMT as I'm going away on holiday and there is no way I'm watching the charts during that time.

very short term predictions welcomed (and new debate started perhaps....) seems rally on bistamp finally started and gox just needs to break 125 to allow further rise. Bid/Ask graph on blockchained looks good, but also looks like a slight reversal... let's hope it's short term?

[Loozik]

the main question on my mind, which I probably won't get an answer...

The rule of thumb is if you don't know what the market is going to do or the conditions on the market are abnormal, stay away from the market.

[michaelGedi]

the main question on my mind, which I probably won't get an answer...

The rule of thumb is if you don't know what the market is going to do or the conditions on the market are abnormal, stay away from the market.

good rule, that would probably end up ruling out a majority of those involved in "the market"

[Loozik]

the main question on my mind, which I probably won't get an answer...

The rule of thumb is if you don't know what the market is going to do or the conditions on the market are abnormal, stay away from the market.

good rule, that would probably end up ruling out a majority of those involved in "the market"

Yes 

[MAbtc]

very short term predictions welcomed (and new debate started perhaps....) seems rally on bistamp finally started and gox just needs to break 125 to allow further rise. Bid/Ask graph on blockchained looks good, but also looks like a slight reversal... let's hope it's short term?

125 is the top.  

IMO:

[Tzupy]

If 125 was the top, then by the 27th price should be between 115 and 120 IMO.

[ChartBuddy]

[JimboToronto]

Couple of fresh askwalls... hmmm.

[MAbtc]

Mmmmm, I can taste that downward momentum.

[Loozik]

If 125 was the top, then by the 27th price should be between 115 and 120 IMO.

When I went long at 66, The probability was:
1% - will deepen the 50 low
99% - will go to 122 - 123

Then, if 122 - 123 is reached
- 35% bearish
- 65% bullish reaching levels 138 or 152 or at least 300

At that time Gox was the king.

Now things are more complex and one needs to read charts (reading more than charts is impossible - there are no quality tools for traders in the crypto realm) from 3 exchanges at the same time to make sense of what will happen next.

[samson]

Mmmmm, I can taste that downward momentum.

I suspect the downward momentum is forced and only caused by someone who wants his coins cheaper.

[derpinheimer]

Bear tantrum lol.

There is definitely a lot of downward pressure compared to the norm, but also a lot more upward pressure.

I wouldnt be surprised to see a 5k buy.

[samson]

Bear tantrum lol.

There is definitely a lot of downward pressure compared to the norm, but also a lot more upward pressure.

I wouldnt be surprised to see a 5k buy.

Me neither - I think this is a last ditch attempt to buy a load more cheap coin before we break through $125.

Just a hunch.

[Loozik]

I wouldnt be surprised to see a 5k buy.

If my math is correct (it is not easy to do it with regard to 3 exchanges while using no software for it, just eyeballing) such a buy should not happen before price dives to 106 - 105.

But a guy who has cash for a single 5k buy surely has better math than me.

Disclaimer: I am not telling 125 is the top, neither am telling the price will dive to 106 -105.

[derpinheimer]

I wouldnt be surprised to see a 5k buy.

If my math is correct (it is not easy to do it with regard to 3 exchanges while using no software for it, just eyeballing) such a buy should not happen before price dives to 106 - 105.

But a guy who has cash for a single 5k buy surely has better math than me.

Disclaimer: I am not telling 125 is the top, neither am telling the price will dive to 106 -105.

Well, I mean, we've had the price recede from ~125 a couple of times now, and every time some large buy has taken everything leading up to the once 6k 125 wall. Nothing says it cant happen again. Now, 5k exactly? IDK.

Regardless, the walls have been pulled and unsurprisingly belonged to a single party.

[Loozik]

Well, I mean, we've had the price recede from ~125 a couple of times now, and every time some large buy has taken everything leading up to the once 6k 125 wall. Nothing says it cant happen again. Now, 5k exactly? IDK.

Let's wait and see

[samson]

I wouldnt be surprised to see a 5k buy.

If my math is correct (it is not easy to do it with regard to 3 exchanges while using no software for it, just eyeballing) such a buy should not happen before price dives to 106 - 105.

But a guy who has cash for a single 5k buy surely has better math than me.

Disclaimer: I am not telling 125 is the top, neither am telling the price will dive to 106 -105.

Well, I mean, we've had the price recede from ~125 a couple of times now, and every time some large buy has taken everything leading up to the once 6k 125 wall. Nothing says it cant happen again. Now, 5k exactly? IDK.

Regardless, the walls have been pulled and unsurprisingly belonged to a single party.

It looks to me like someone's accumulating everything within a $5 range below each higher high since the 19th.

If we see $118/$119 I suspect it will shoot back up into the $123-$125 range again.