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

[DougTanner]

Anyone willing to give a quick explanation on all of the elements that are presented in the chart from BTC Charts?

The green lines are the price, the higher up the further back in time.

The orange lines are the open bids (people who want to buy Bitcoins with USD), the blue lines are asks (people who want to sell Bitcoins for USD).

The bars on the left are the volume of trades, green being buys and red being sells. With the black part being half-half.

The lines (boxes) on the right are the trades that took place in the last hour.

[1714803218]

1714803218

[1714803218]

1714803218

[Geist]

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

[Murderous_wabbit]

Anyone willing to give a quick explanation on all of the elements that are presented in the chart from BTC Charts?

The green lines are the price, the higher up the further back in time.

The orange lines are the open bids (people who want to buy Bitcoins with USD), the blue lines are asks (people who want to sell Bitcoins for USD).

The bars on the left are the volume of trades, green being buys and red being sells. With the black part being half-half.

The lines (boxes) on the right are the trades that took place in the last hour.

Thank you so much!  That cleared up all of my questions.

[relm9]

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

That could be a manipulation... walls come & go all the time.

[willphase]

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

That could be a manipulation... walls come & go all the time.

Indeed - walls evaporate all the time!

Will

[Richy_T]

Has anyone actually looked at how often walls are eaten away as opposed to cancelled? I think the incidence would be very low.

[UKMark]

Has anyone actually looked at how often walls are eaten away as opposed to cancelled? I think the incidence would be very low.

I saw it quite a lot over the past few days, but today the walls are definitely getting eaten up more often than not.

[NamelessOne]

Has anyone actually looked at how often walls are eaten away as opposed to cancelled? I think the incidence would be very low.

I saw it quite a lot over the past few days, but today the walls are definitely getting eaten up more often than not.

We're actually hitting the upward moving support line right now. Dipped a little bit under it as far as I can tell, but are above it again. Last night it dipped under and climbed over again also. We shall see what happens! 

[michaelGedi]

Has anyone actually looked at how often walls are eaten away as opposed to cancelled? I think the incidence would be very low.

let's imagine you're bobby big bollocks who put up the 1mil wall at 70 last night...

then your mate or team mate or whatever puts up a wall on the way up to 100... that wall on the way up to 100 wants to be eaten... and potentially vice versa.

Now I'm pretty new to this, but it makes perfect sense to me.

Especially if it drifts down the the low 80s again.... Sold at 90-100 ish, bought back at 80-90ish

is that logical?

[michaelGedi]

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

That 1000+ page thread was getting kinda useless.

How about bitcoinium.com pics? I can never get mtgoxlive to load

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

is also welcome here.


just don't be posting about your "FEELINGS" and you won't get delete.  

by the way adam, thanks for choosing the name "hardcore" I feel proud... that 1200 post thread was growing on me quite a lot though... but it's ok, we now have "softcore" lounge

[DougTanner]

Getting volatile again.



Says 0s lag, but there's a HUGE spread.

[keewee]

[batcoin]

by the way adam, thanks for choosing the name "hardcore" I feel proud... that 1200 post thread was growing on me quite a lot though... but it's ok, we now have "softcore" lounge

Feel free to visit the softcore lounge anytime. Lots of fun to be had by all!

[fitty]

You can waste a good hour on page two alone. 

by the way adam, thanks for choosing the name "hardcore" I feel proud... that 1200 post thread was growing on me quite a lot though... but it's ok, we now have "softcore" lounge

Feel free to visit the softcore lounge anytime. Lots of fun to be had by all!

[batcoin]

You can waste a good hour on page two alone. 

by the way adam, thanks for choosing the name "hardcore" I feel proud... that 1200 post thread was growing on me quite a lot though... but it's ok, we now have "softcore" lounge

Feel free to visit the softcore lounge anytime. Lots of fun to be had by all!

I agree. It certainly has cut into my productivity so far today. Just imagine all the other gifs I had to wade through first before finding the right ones!

[Kazu]

The entire day the bid has been showing to be higher than the ask on bitcoinity. Is it a bug?

[DougTanner]

Back to where we were 7 hours ago, but with a lot more consolidation.

[The-Real-Link]

[GreekGeek]

sorry for the off topic but

bitfloor stopped trading!!!!

"All trading is currently suspended.
 I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely.   Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals  as we have in the past. As such, I have made the decision to halt operations and return all funds.

Over the next days we will be working with all clients to ensure that everyone receives their funds. Please be patient as we process your request.

- Roman
founder - bitfloor.com"

[SAQ]

aaaaand the rally's dead..... or has it just started?