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

[ChartBuddy]

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Explanation

[billyjoeallen]

Throwback Thursday,  To the early glorious days of Wall Observer.

Yeah, well, we weren't hard up on a full block problem back then. Those were good days. Isn't it also called "dump Thursday"?

The charts make you look a little desperate. Hey, good luck.

[Chef Ramsay]

Lambie seems more retarded than usual. Are they working shifts?

Yrpapers? Dunno, I've started putting any new posters here on ignore - I feel guilty about the false positives, but not that guilty. There's been a couple of times I've been drawn into a conversation and half way through had my ovine suspicions confirmed and ended up sticking the wee lamb's latest alt on ignore.

People have been more diligent about "Report to moderator" and those accounts haven't been lasting long anyway.

Though there's at least one with a fairly decent activity count where I think Lambie is playing the long con.

I've got a 100% reporting/snitching rating on that bitch but I will hone more in on this lone wolf account. Degens must be severed at the neck during this next bull run and/or just for lulz.

[TERA]

Throwback Thursday,  To the early glorious days of Wall Observer.

Yeah, well, we weren't hard up on a full block problem back then. Those were good days. Isn't it also called "dump Thursday"?

The charts make you look a little desperate. Hey, good luck.

I actually just like looking at big numbers and really fast tickers flying along. It was like nerd porn. Also, you knew roughly how much liquidity was there for trading purposes and it wasn't as much guesswork.

[Cconvert2G36]

Interesting to note that the "huge" wall protecting $70 would be ~3500 BTC today. 

[TERA]

Interesting to note that the "huge" wall protecting $70 would be ~3500 BTC today. 

There were actually two 10K walls at the same time at one point when that breakout was happening. There was also a 26K buy wall at $95 at one point, which ended up being changed to a market order and driving the price up 15% in 60 seconds.

[billyjoeallen]

Throwback Thursday,  To the early glorious days of Wall Observer.

Yeah, well, we weren't hard up on a full block problem back then. Those were good days. Isn't it also called "dump Thursday"?

The charts make you look a little desperate. Hey, good luck.

I actually just like looking at big numbers and really fast tickers flying along. It was like nerd porn. Also, you knew roughly how much liquidity was there for trading purposes and it wasn't as much guesswork.

Oh, I expect they'll be flying one way or another soon. This is Bitcoin after all. The problem is nobody is going to send fiat to BFX unless there is enough of a price differential to compensate for the risk. There are just too many more reliable options now. If you have your coins there, I suggest you move or go back to Bitstamp or something else with a lot of liquidity. BFX is like a boat anchor on the whole market. 

[Chef Ramsay]

It's obvious at this point that the lambcrotch/beerfart community brigade is afraid and has been decimated by peonminer much like ISIS has been deballed by Putin. Bullish! Obama to the rescue and the fail, of course. The USD is going up when the other currencies are going down largely. BTC is stoic atm and rising so lulz. Rand Paul ftw via last night's debate and you all know it!

[billyjoeallen]

Gox was such a fun place to trade because pretty much the whole market was there. So much liquidity and you really only had to follow one chart. Little did we know a certain Frenchman was blowing our deposits on $50,000 beds, geisha girls and fancy coffees.

So lucky to get out of there just before the door slammed shut for good.

Of course I got out because I was paying attention. Something was fishy. That's why I'm paying attention to the blocksize controversy now. 

[peonminer]

It's obvious at this point that the lambcrotch/beerfart community brigade is afraid and has been decimated by peonminer much like ISIS has been deballed by Putin. Bullish! Obama to the rescue and the fail, of course. The USD is going up when the other currencies are going down largely. BTC is stoic atm and rising so lulz. Rand Paul ftw via last night's debate and you all know it!

I am honored by your evaluation. If there is one recent contribution I must highlight for readers, please take a peek at my breakdown of the FED's announcements on 12/16/15; As seen here: https://bitcointalk.org/index.php?topic=178336.msg13270619#msg13270619 The lambchops really started dropping the ball after this swift blow to the belt.

[ChartBuddy]

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Explanation

[Cconvert2G36]

[billyjoeallen]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

[podyx]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

[billyjoeallen]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH.  

[JayJuanGee]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

BjA has a one track mind.   or others may call it an unrelenting focus.   

[JayJuanGee]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH.  

Seems a fair conclusion that we have transitioned out of a bear mark maybe sometime after crossing $350  - even though we did experience a retrace of BTC prices that hovered mostly in the $320 arena for nearly two weeks... but once prices could not be driven below $320 in any meaningful and sustained way, that $320 resistance seemed to confirm that the transition out of the bear market ad been completed...

Will we return to a bear market any time in the near future? Well that's another story.....

For the time being, BTC engines surely do seemed revved towards going upwardly.

Currently, I'm thinking that we are not going to see sub $350 no more, but... i've kind of lost some of my swagger.. because of my being wrong so many times in the past.

[JayJuanGee]

By the way, the current pump, looks kind of nice, from my angle.

[JimboToronto]

Yee haw. Finally some movement.

[peonminer]