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

[ManBearPig]

What the hell is going on? How am I supposed to sleep like this?

I'm going to dream of this. In between checking prices :p

[nagnagnag2]

This show the 1k wall being bought. Time is UTC+2.

[Rampion]

Here comes the cheap coins party, 180K in the order book



But yeah, "we are not going to see $115 ever again, and thus I offer a put and blah blah blah"

[rpietila]

I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

[Jaroslaw]

I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

You will loose rest of your hair this night. You will see a much lower numbers than 95$

[ElectricMucus]

I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

You will loose rest of your hair this night. You will see a much lower numbers than 95$

Well if all fails he can always be come a salesman for anti-hairloss products. I always suspected vacuum cleaners are his secret destiny but that would make sense too.

[Richy_T]

Wow, messy...

[Richy_T]

I think matlab would be 100x easier than any if these options.  Just input data as matrices, (time, bid, volume, etc) and graph using mesh command.  Make a movie if you want as well.

I think you'd have to rework the data to be able to do a mesh (though Matlab may handle that for all I know).

[tHash]

I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

You will loose rest of your hair this night. You will see a much lower numbers than 95$

I am guessing that we won't, not unless the price bounces quite a bit higher.   We had some major buys, some of them fishy, it may be Mr. M  has been buying his coins back.   Someone bought that latest 3.5k  up to 112, and the only one I think would be confident enough in the current market to do that, is the one in control.   He will want to see the price rise now for a while.

[fitty]

Rally time!

[humanitee]

Wow, messy...

Awesome graph!

[EuroTrash]

Wow, messy...

Looks beautiful to me...

[rpietila]

I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

You will loose rest of your hair this night. You will see a much lower numbers than 95$

You are a sockpuppet and ignored. But just for the record, it does not seem to me that we will see $95 again.

Somebody else may think otherwise, and may even be right. But I doubt many of you actually make money in the long run, it seems that you are just confused sorry trolls. My position increased today, I sold some gold to buy bitcoins. Did not post so much, since I felt this was a day when I could make more money by actually working (ie. getting my gold to the salesman and buying bitcoins).

When we go to $120, I will have more time to post since I do not need to trade. At $133 I probably go speculative short.

[Richy_T]

I think matlab would be 100x easier than any if these options.  Just input data as matrices, (time, bid, volume, etc) and graph using mesh command.  Make a movie if you want as well.

You'll buy it for me?

I'd probably go gnuplot if I was that way inclined. For a couple of dozen lines of code, not so much worth it.

[jbord39]

I think matlab would be 100x easier than any if these options.  Just input data as matrices, (time, bid, volume, etc) and graph using mesh command.  Make a movie if you want as well.

I think you'd have to rework the data to be able to do a mesh (though Matlab may handle that for all I know).

No data manipulation required.  Just the bid/ask sums at each point in time for each price.  This provides the x, y, and z matrices it requires.

http://www.mathworks.com/help/matlab/ref/mesh.html

It would just be mesh(bid/ask sums, price, time)

If you have the matrices at least, which should be easy to get.

[molecular]

Someone mentioned they'd like to see 3d charts a while back so I had a try to see how they'd look. 2 hours ago:

Obviously, it's a work in progress. Thoughts?

Nice work, very cool  
How big a step would it be to animate this so we could visibly see walls moving in 3D ? That would be ubercool
Dare I say it, but it would be bit like a ripple 

It could be done but not really in a way that could be posted as an image in this thread. Maybe as a flash thing or something?

I did some experiments using webgl 4 weeks back. It's a lot of work to get it right. Data collection is one thing: if you want the full depth finer than 12 minutes (magicaltux allows 5 polls of fulldepth per hour) you'll have to incorporate websocket depth message data. It's a lot of data to hold and you want to access different timeframes and resolutions so you need quite the machinery to be able to supply that in a timely manner. As for the visualization itself I have come to the conclusion that I'd definitely want to use height lines (height = amount) as opposed to a fixed x/y grid (x = time, y = price)

here's an example from early april



I dropped the idea for now, too much work to make it good enough.

[phelix]

I tough i was going to insert an ask at 107 but i was actually doing a bid, with limit at 107... So, i clicked the wrong button. Buy instead of sell. Guess what?
I started this micro-rally, alone. I brought the price to 105.79986, and now it is next to 108.

Every now and then the chart looks like somebody does that. Doh. 

And i'm no-one.

WTF?

Butterfly?

[wachtwoord]

Bitcoin ATM seems well and truly legit, presentation here:

http://new.livestream.com/accounts/3824848/events/2074798

I watched the whole thing. Why did no-one ask about requiring 1 confirmation? Will anyone that uses an ATM wait 10 minutes on average (and regularly 1 hour) for his money? To me that is the biggest threat to this product. I would add an option to send the Bitcoins in advance (from home), receive a code and get the money when I arrive at the shop/mall.

Also, the fee will be a problem in Europe. I've been to the US a few times and know it is normal there for ATMs to charge fees in some places (in NY most ATMs did) . I felt robbed every single time since in Europe I'm used to not pay a fee for withdrawing cash. I think most people won't pay 4%.

[EuroTrash]

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
(snip)
- Now I am happy, bitcoin will cross ATH this month and I make money

rpietila, out of genuine curiosity and my lack of expertise, how does Fibonacci analysis take into account psychologic factors, like the investment "memory" in picture below (which IMHO looks a lot like the 2011 crash):



What's your take on that?

[Frozenlock]

I've chatted with Justin and apparently there's multiple way to circumvent the confirmation problem.
One of which is to send your Bitcoin to the (future) BitcoinATM website in advance.