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

[Coinseeker]

Somebody just dumped +BTC3k

So that's all that's needed to manipulate the market in most cases. .

Let's see if the market will go along with it. .

I love how selling or buying a large amount of coins is automatically manipulation. Maybe someone just wanted to buy a house, or 720 hookers.

Something is not right here.   Love the action but...Huh

Lol. Must be... MANIPULATION!!!
Gotta love these tin foil hat types.

I didn't say it was manipulation, I said something isn't right.  We also no longer have a 5-8 point spread with Bitstamp, just like that.  It's down to 3 and holding, where it typically is.  That's very odd...tin foil or not.

[notme]

My problem with ChartBuddy:

Absolutely illegible as soon as there's any movement at all

That's a fair point.  It shows a better view of asks than bids.  I'm not sure how to solve this.  A color gradation on a 2d plane may work okay, although a grey scale would work better for people with color vision problems.

[gimme_bottles]

500 

amazing, seemed like a few days since this thread started...

[MickeyT2008]

500  

amazing, seemed like a few days since this thread started...

[Richy_T]

My problem with ChartBuddy:

Absolutely illegible as soon as there's any movement at all

Next chart will be zero z rotation. We'll see if that helps. (I'm suspecting it will actually be worse since there is no perspective)

[nimda]

My problem with ChartBuddy:
https://i.imgur.com/hOeS2oc.png
Absolutely illegible as soon as there's any movement at all

Next chart will be zero z rotation. We'll see if that helps.

We'll see. For another great example, try to figure out what happened with the bids @ $110 in ChartBuddy's latest post.

[Richy_T]

My problem with ChartBuddy:
https://i.imgur.com/hOeS2oc.png
Absolutely illegible as soon as there's any movement at all

Next chart will be zero z rotation. We'll see if that helps.

We'll see. For another great example, try to figure out what happened with the bids @ $110 in ChartBuddy's latest post.

That's tricky as mtgox only supplies a subset of data and it looks like 110 was sometime in, sometimes out. I have no control over that. Obtaining the full market data is only allowed every 5 minutes.

Also, my Z scale is fixed. I chose that because, on bitcoinity, for example, the auto scaling means that increased bids and asks can look almost exactly the same as decreased bids and asks. One of my grumbles about financial types is that they tend to tight-zoom on any feature they're interested in making tiny bumps look as dramatic as huge swings. With that said, it may be time to tweak the depth scale a little.

[kickinyou]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

[Coinseeker]

Ok, maybe it was nothing.  Things have tightened a bit between Gox and Stamp but back to a $5 spread.

[Pale Phoenix]

LTC is the only alt worth buying. Every single other one is a joke for any purposes beyond 0-day or total pump and dump manipulation.

Agree on that. I did well with LTC (up 10x) but it was just dumb luck and I only threw $500 into it. I sold out a while back and I think it's significantly overvalued now.

[samson]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

[ChartBuddy]

[zakalwe]

LTC is the only alt worth buying. Every single other one is a joke for any purposes beyond 0-day or total pump and dump manipulation.

Agree on that. I did well with LTC (up 10x) but it was just dumb luck and I only threw $500 into it. I sold out a while back and I think it's significantly overvalued now.

It'undervalued, LTC should be 5$ and in the next few months not less than 15$.

[Frozenlock]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

No! Stop!

We all know it's going up Up UP!

[wonkytonky]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

it was also mentioned.. that google trends folows the price .. not the other way around

[Abandon]

Better more zoomed in Google Trends chart: http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q

[KillaMarci]

it was also mentioned.. that google trends folows the price .. not the other way around

It would make more sense for it to do that I think. News sites posting articles like "Bitcoin reaches new ATH" is getting more people interested in Bitcoin.

[lysr]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

[Frozenlock]

Another google trends chart:

[Frozenlock]

People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one.

To be honest, pretty much everyone knew the conference would a big "nothing". (In terms of important announcement)