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

[dexX7]

any comments on the extremely thin bids on bitstamp?

I moved some coins there to sell to get some fiat out, as gox sounds like a long wait and expensive to get money back to UK.

Now I'm watching, waiting and pondering whether to use to buy more... but bitstamp looks a lot less solid than gox. Is that because a lot of Europeans are doing what I did?

Bitstamp usually follows every tiny move, but sometimes with a price offset, but you can't say it's always lower or higher than Gox. But it gets interessting to look at walls. Bitstamps ask side is so much stronger which lead me to the conclusion, that people trading on Gox are using Bitstamp for faster cashouts. And the price oscillation (i.e. the range 115-120 right now) is a bit higher. Overall my experience is good and I like the lower fees + SEPA times + support (which is fast, but I didn't have any real problems yet).

[michaelGedi]

any comments on the extremely thin bids on bitstamp?

I moved some coins there to sell to get some fiat out, as gox sounds like a long wait and expensive to get money back to UK.

Now I'm watching, waiting and pondering whether to use to buy more... but bitstamp looks a lot less solid than gox. Is that because a lot of Europeans are doing what I did?

Bitstamp usually follows every tiny move, but sometimes with a price offset, but you can't say it's always lower or higher than Gox. But it gets interessting to look at walls. Bitstamps ask side is so much stronger which lead me to the conclusion, that people trading on Gox are using Bitstamp for faster cashouts. And the price oscillation (i.e. the range 115-120 right now) is a bit higher. Overall my experience is good and I like the lower fees + SEPA times + support (which is fast, but I didn't have any real problems yet).

yep my thoughts exactly.

[MAbtc]

120-125 is looking steep.

[Coinseeker]

We're in a severely overbought position.  Odds say, it's coming back down.  The longer it stays here, the harder that fall could be.

[Richy_T]

Someone is sitting there gobbling up bitcoins at sub-120 prices. As soon as they've had their fill, that wall is gone.

Or possibly as soon as someone takes a nice big bite

[Kazu]

Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?

[fitty]

We're in a severely overbought position.  Odds say, it's coming back down.  The longer it stays here, the harder that fall could be.

Overbought? What the fuck are you talking about. What odds? My cat could shit on some graph paper and provide more accurate TA.

Pretty sure you have no clue what that word means.

[rezurect]

Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?

I've been looking haven't found an answer, there was an EA , none now.

[dexX7]

Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?

Not working anymore. Not sure if there are new projects going on right now. But you may want to check out Sierra Chart.

We're in a severely overbought position.  Odds say, it's coming back down.  The longer it stays here, the harder that fall could be.

Not really true, bid side is gaining strenght.

[ChartBuddy]

[SkRRJyTC]

any comments on the extremely thin bids on bitstamp?

I moved some coins there to sell to get some fiat out, as gox sounds like a long wait and expensive to get money back to UK.

Now I'm watching, waiting and pondering whether to use to buy more... but bitstamp looks a lot less solid than gox. Is that because a lot of Europeans are doing what I did?

Even if Bitstamp looks worse than Gox, it will more than likely follow whatever direction Gox goes. Haven't seen it more than $5 apart in the past few weeks.

Bitfinex has been trading on BSTP books for the past few weeks.  Leveraged arbitrage is awesome.

[Coinseeker]

[Richy_T]

Without the walls, the ask side is looking very shallow.

[mrbitbank]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

[billington.mark]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!

[Richy_T]

I'm thinking it should be possible to come up with some heuristics for how reliable bids and asks are based on how much and how far from the price they are based on historical data. Then it should be possible to generate a wall chart by removing low-confidence bids and asks. May have to give that a try.

[Piper67]

Without the walls, the ask side is looking very shallow.

And if my grandmother had wheels she'd be a bus... the walls are pretty pointless, but they're still there 

[adamstgBit]

i think we should hold here for a while, lets enjoy the nice wall at 120  
stable bits FOREVER!  

[Coinseeker]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!

For August maybe.   

[Piper67]

i think we should hold here for a while, lets enjoy the nice wall at 120  
stable bits FOREVER!  

Panic stable!