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

[podyx]

[2015Bubble]

Well, well, well. Good morning Bitcoinland.

I see the half-week sideways pennant came to a point and of course the price has started to rise again.



It looks like the correction from the rapid jump up to $570 is complete and we're ready to keep moving on up.

Well it's got to $575 on finex, and if eth keeps crashing it could tackle $600.

800

Still some bears over here..

[yefi]

Alt holders feeling that earthquake again. 

[JimboToronto]

Well, well, well. Good morning Bitcoinland.

I see the half-week sideways pennant came to a point and of course the price has started to rise again.



It looks like the correction from the rapid jump up to $570 is complete and we're ready to keep moving on up.

I never understand how this chart works, could anyone explain? Thanks

I'm quoting Chartbuddy, a charting bot operated by a former Bitcointalk participant named Richy_T who posted here hourly until a couple of months ago. He had a falling out with BCT's administrator over what he considered to be unfair censorship in the blocksize limit debate and took his bot elsewhere.

Basically it shows a graphic depiction of the recent history of the order book at a given exchange, in this case Bitfinex. Originally a new line was added every minute  and the chart was posted hourly. Now it is posted every 3 hours.

I like to use it to see in retrospect what has happened in price swings.
_____

While I was typing this, I see we just reached a new All Year High. Hooray!

[Assmaster2000]

PM me to place your Kleenex orders & beat the maddening crowds. Coz from here on in, it ain't gonna be pretty, gentlemen

[JimboToronto]

i think we will close above 580.

Meanwhile, we Canadians are looking at $743 at BitcoinAverage. Do we see $800 today?

[becoin]

I'm quoting Chartbuddy, a charting bot operated by a former Bitcointalk participant named Richy_T who posted here hourly until a couple of months ago. He had a falling out with BCT's administrator over what he considered to be unfair censorship in the blocksize limit debate and took his bot elsewhere.

Very good that he took his bot elsewhere. It was very annoying pointless spam.

[becoin]

i think we will close above 580.

What hour is bitcoin closing?

[JayJuanGee]

all four markets , west and east, huobi okcoin bitstamp and bitfinex are at the same price @ $ 565

arbitrages are done, now to the moon again?

You are correct.

The first pump was held back by Stamp... and Stamp was way under priced as compared to the rest.

The second pump was lead by stamp...

And this third pump was synchronized..

I don't know whether that is good, but it is looking good at the moment... and the prices of all the exchanges (except BTC-e) are staying pretty closely aligned price wise (it may be a kind of subconscious symbiosis.. because no one wants to follow and get dumped on the other, so it may work better when they are kind of rising equally).

[savetherainforest]

My chart just went bonkers ... wtf does it say that it will go to $650 in the next 24 hours?

[BitUsher]

Where is the fullblockapocalypse a few promised?  We are in the middle of a bull run if not the start of a bubble with full blocks and all my txs are going through fine. Better get used to 100% full blocks from here on out!

[JimboToronto]

Very good that he took his bot elsewhere. It was very annoying pointless spam.

I, for one, considered it neither pointless nor spam. It was my primary reason for checking this forum every morning. During periods of rapid rises and falls I would impatiently await the next hour's posting. Now I have to wait 3 hours for an update.

It is the main reason why this is now the second Bitcoin forum I visit every morning.

If you didn't feel it was relevant or didn't like scrolling past it, you could always put it on ignore.

[DieJohnny]

Very good that he took his bot elsewhere. It was very annoying pointless spam.

I, for one, considered it neither pointless nor spam. It was my primary reason for checking this forum every morning. During periods of rapid rises and falls I would impatiently await the next hour's posting. Now I have to wait 3 hours for an update.

It is the main reason why this is now the second Bitcoin forum I visit every morning.

If you didn't feel it was relevant or didn't like scrolling past it, you could always put it on ignore.

what is your first?

[Dotto]

1 You breakfast cereals

2 The dragon breakfasts bears

3 Profit

[Assmaster2000]

Where is the fullblockapocalypse a few promised?  We are in the middle of a bull run if not the start of a bubble with full blocks and all my txs are going through fine. Better get used to 100% full blocks from here on out!

Fun Fact: Transactions on exchanges are off-chain, making bull runs as relevant as dog runs.
The more you know.

[spooderman]

mass trading is all done in exchanges. makes very little difference to the size of blocks i'm imagining.

[Dotto]

Huobi 572
Bitstamp 572

This is gentlemen

[BitUsher]

mass trading is all done in exchanges. makes very little difference to the size of blocks i'm imagining.

Yes, this was exactly my point many months ago. The fullblockapocalypse won't happen because many off the chain solutions exist to buffer excess capacity and new users use these offchain solutions primarily (coinbase/circle/bitpay/changetip/ect..) and speculators primarily use off the chain exchange txs .

In other words the fee market will never be in the danger of blowing up uncontrollably like those fear mongering the fullblockapocalypse because the fee market always has to compete with free txs.

[JimboToronto]

...this is now the second Bitcoin forum I visit every morning...

what is your first?

https://bitco.in/forum/threads/wall-observer.27/

[LFC_Bitcoin]

Huobi 572
Bitstamp 572

This is gentlemen

This is nothing compared to the prices we'll see in a few years. Buy now or cry later.