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

[tarmi]

Well at least there's some USD coming in for swaps at finex. My bid well below market was taken today for a 30 day period.

For the uninitiated, there's a market-within-a-market at finex to manage your loans. Since many traders hold open trades for weeks (and months) this can save significant money if you lock in a good rate before everyone else piles on during a pump.

 


that's just some bull cutting his losses and closing silently his high interest longs above 260 and playing with the thin order book.

[bassclef]

Well at least there's some USD coming in for swaps at finex. My bid well below market was taken today for a 30 day period.

For the uninitiated, there's a market-within-a-market at finex to manage your loans. Since many traders hold open trades for weeks (and months) this can save significant money if you lock in a good rate before everyone else piles on during a pump.

 

that's just some bull cutting his losses and closing silently his high interest longs above 260 and playing with the thin order book.

Keep wishing that price down.

[tarmi]

Well at least there's some USD coming in for swaps at finex. My bid well below market was taken today for a 30 day period.

For the uninitiated, there's a market-within-a-market at finex to manage your loans. Since many traders hold open trades for weeks (and months) this can save significant money if you lock in a good rate before everyone else piles on during a pump.

 

that's just some bull cutting his losses and closing silently his high interest longs above 260 and playing with the thin order book.

Keep wishing that price down.

while I sit on fat (hi fatman3001!) profits from my shorts you just keep repeating that your longs opened in low 250 are healthy, because daily candles/bull market.

are you that bull who is trying so desperately to get out on bitfinex?

[Fatman3001]

I think the lack of bidwalls are baiting another spike to 255

Not going to take the risk though, 260 is good enough for me

i wonder what btc will worth on monday ?

My guess is around 1 bitcoin

We're currently building a huge bear flag, target around 270 and then dropping to the core again  

Of course we are

You keep up those shorts now!! Don't be afraid, bitcoin always goes back down

LOL

No shorts yet my friend, currently in a healthy long position from low 250's  fwiw.

Me too, fwiw. I think you have me beat by a couple bucks though. Had a pretty nice short coming down, but long is the better trade in this kind of market (looking @ daily chart).

[Brony Nazi Pic]

I am really tempted...

[ChartBuddy]

Coin
Explanation

[Sitarow]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

I ask again, has your monkey got this bitcoin thing down yet?  I know he/she was a bit weak several months ago.

Definitely improving.  This year he wanted me to buy at 200 on 1/20, and at 215 on 2/10, then wanted me to sell at 292 on 3/11.
I wasn't paying attention at the time, though.  Right now, intraday, he thinks it goes up for an hour or two, then pulls back.  He
sees near-term resistance at 272 and support in the 242-253 range, pegs daily support at 236-245, and says it will turn up by
Tuesday.  (He's constantly adjusting, until he makes a buy or sell signal, then he stands pat and lets price decide if he was
right or wrong.)

On a weekly basis he says the buy point was 2/1, expects a few more weeks of up-trend, and again sees resistance at 378-380,
but allows that it may not turn, but only take a correction, to end the contiguous trend.

 

Long term projection?

Is anyone else getting dizzy?

[ChartBuddy]

Coin
Explanation

[Ezmoneyezlife]

I'm not trying to be funny but how does the current order book justify the current price?

Pretty funny actually

Yep, tons of longs, its time for the last market raping.

[dreamspark]

Dunno if you are all watching this shit but its better than any movie!

http://www.reddit.com/r/DarkNetMarkets/comments/2zlju6/valuable_information_on_kimble_and_verto/?sort=new

[coinableS]

Dunno if you are all watching this shit but its better than any movie!

http://www.reddit.com/r/DarkNetMarkets/comments/2zlju6/valuable_information_on_kimble_and_verto/?sort=new

Umm....

[removed]

[SkyValeey]

Hmm maybe I'm wrong but it's funny watching like China is acting like "we're going up" while slowly dumping at the same time coins.
I can see that way of trading from 2-3?h.

[ChartBuddy]

Coin
Explanation

[ssmc2]

Dunno if you are all watching this shit but its better than any movie!

http://www.reddit.com/r/DarkNetMarkets/comments/2zlju6/valuable_information_on_kimble_and_verto/?sort=new

Guy was a troll from the start hahaaaaaaa great stuff!

[Fatman3001]

Not to freak anyone out but it literally looks like BTC is flatlining.

http://bfxdata.com/combined/btc.php

[ChartBuddy]

Coin
Explanation

[macsga]

I'm not trying to be funny but how does the current order book justify the current price?

Pretty funny actually

Yep, tons of longs, its time for the last market raping.

Ok. I 'm not a trader, so I won't pretend that I understand this chart (I don't) but what exactly the long/swaps have to do with the price is beyond my imagination. Is there a way for someone who possesses those to turn it (somehow) to BTCs? Is this a leveraged trading indicator (ie: the guys who bet that USD/BTC will be higher? ). If someone has the knowledge, please share for an ignorant chap.

Thanks

[nioc]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

I ask again, has your monkey got this bitcoin thing down yet?  I know he/she was a bit weak several months ago.

Definitely improving.  This year he wanted me to buy at 200 on 1/20, and at 215 on 2/10, then wanted me to sell at 292 on 3/11.
I wasn't paying attention at the time, though.  Right now, intraday, he thinks it goes up for an hour or two, then pulls back.  He
sees near-term resistance at 272 and support in the 242-253 range, pegs daily support at 236-245, and says it will turn up by
Tuesday.  (He's constantly adjusting, until he makes a buy or sell signal, then he stands pat and lets price decide if he was
right or wrong.)

On a weekly basis he says the buy point was 2/1, expects a few more weeks of up-trend, and again sees resistance at 378-380,
but allows that it may not turn, but only take a correction, to end the contiguous trend.

 

Long term projection?

Date Registered:   February 10, 2011, 03:17:51 PM

and you are asking a monkey for a long term projection?  

I have no doubts, do you?

[macsga]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

I ask again, has your monkey got this bitcoin thing down yet?  I know he/she was a bit weak several months ago.

Definitely improving.  This year he wanted me to buy at 200 on 1/20, and at 215 on 2/10, then wanted me to sell at 292 on 3/11.
I wasn't paying attention at the time, though.  Right now, intraday, he thinks it goes up for an hour or two, then pulls back.  He
sees near-term resistance at 272 and support in the 242-253 range, pegs daily support at 236-245, and says it will turn up by
Tuesday.  (He's constantly adjusting, until he makes a buy or sell signal, then he stands pat and lets price decide if he was
right or wrong.)

On a weekly basis he says the buy point was 2/1, expects a few more weeks of up-trend, and again sees resistance at 378-380,
but allows that it may not turn, but only take a correction, to end the contiguous trend.

 

Long term projection?

Date Registered:   February 10, 2011, 03:17:51 PM

and you are asking a monkey for a long term projection?  

I have no doubts, do you?

LOL on the comment. I would like to buy/rent your monkey. I bet he's a better trader than what I am. Every single time I tried it ended up to a disaster

PS: Seriously, is this for sale?

[bassclef]

I'm not trying to be funny but how does the current order book justify the current price?

Pretty funny actually

Yep, tons of longs, its time for the last market raping.

Ok. I 'm not a trader, so I won't pretend that I understand this chart (I don't) but what exactly the long/swaps have to do with the price is beyond my imagination. Is there a way for someone who possesses those to turn it (somehow) to BTCs? Is this a leveraged trading indicator (ie: the guys who bet that USD/BTC will be higher? ). If someone has the knowledge, please share for an ignorant chap.

Thanks

It doesn't mean anything, really, about the future direction of the market. A whale or two could margin call the "poorer" shorts or longs that are over-leveraged and trapped into $20-30 price difference, but the majority of them on that graph will take much more % price change. It's an indicator about what the vast majority of traders think about the market, and the market sometimes moves against that direction, sometimes not. Then again shorts were very high during the bear market and the price didn't rocket up because of that.

Market moves on supply and demand at a given time and little else.

[Trolfi]

Dear "Stolfi",

I have come across the page:

http://www.ic.unicamp.br/~stolfi/bitcoin/2014-02-17-HowToMakeSomeEasyMoney.html

It appears you formed the impression around February 2014 that bitcoin is a pyramid scheme. Since that date, however, you have thoroughly educated yourself on the technology, tacitly admitting that it constitutes an advance in CS and in economics. In any case, you no longer think being a pyramid is one of bitcoin's top six drawbacks.

Would you consider removing HowToMakeSomeEasyMoney.html? This would (i) keep you honest in your role as public tech advisor, (ii) remove some silly stuff from the web, (iii) prove that you are indeed Prof. Stolfi.

Removing the page evidently does not run contrary to your reasonable claim that currency speculation is a highly unorthodox and risky form of investment.