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

[wachtwoord]

It's time to convert your fiat guys.

When is it not?

[Its About Sharing]

Anyone notice Chartbuddy chaning the last few hours?
Seems like the Bids are lowering and asks are raising.

This little rise got knocked down over a buck on low volume (relative to the higher volume on the rise.)

[Miz4r]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

[ElectricMucus]

gogogo!

[Its About Sharing]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.

I don't like being in Fiat but I get the feeling we will slowly settle below 100. I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down.  The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.

[Miz4r]

I don't know, I have a feeling the downward trend is on its last legs now. I've bought most of my bitcoins back at 98, I expect a little uptrend towards 110 soon.

[KS]

I don't know, I have a feeling the downward trend is on its last legs now. I've bought most of my bitcoins back at 98, I expect a little uptrend towards 110 soon.

Unless there is some action tomorrow, when you're asleep. You might have an opportunity to lower your avg price.

[Miz4r]

I don't know, I have a feeling the downward trend is on its last legs now. I've bought most of my bitcoins back at 98, I expect a little uptrend towards 110 soon.

Unless there is some action tomorrow, when you're asleep. You might have an opportunity to lower your avg price.

I use an alarm to wake me when the price goes above or below a certain price. People are expecting another Sunday dump but I think it's going to be the opposite this time. Dumps don't work when everyone expects them, so you need to do the opposite of what's expected to get results.

[ChartBuddy]

[KS]

I don't know, I have a feeling the downward trend is on its last legs now. I've bought most of my bitcoins back at 98, I expect a little uptrend towards 110 soon.

Unless there is some action tomorrow, when you're asleep. You might have an opportunity to lower your avg price.

I use an alarm to wake me when the price goes above or below a certain price. People are expecting another Sunday dump but I think it's going to be the opposite this time. Dumps don't work when everyone expects them, so you need to do the opposite of what's expected to get results.

I'm 50/50 on Sunday vs Tuesday (but it could be Monday or not at all - aaargh! )

[wonkytonky]

wtf just happend. i went out for a run.. come back..     people start buying? ..

[JimCGSavings]

I use an alarm to wake me when the price goes above or below a certain price. People are expecting another Sunday dump but I think it's going to be the opposite this time. Dumps don't work when everyone expects them, so you need to do the opposite of what's expected to get results.

What do you use?

[Jozzaboy]

I don't know, I have a feeling the downward trend is on its last legs now. I've bought most of my bitcoins back at 98, I expect a little uptrend towards 110 soon.

Unless there is some action tomorrow, when you're asleep. You might have an opportunity to lower your avg price.

I use an alarm to wake me when the price goes above or below a certain price. People are expecting another Sunday dump but I think it's going to be the opposite this time. Dumps don't work when everyone expects them, so you need to do the opposite of what's expected to get results.

Well if everyone gets into fiat waiting for a dump, the price goes down on it's own. I reckon this is what we seen yesterday. It's an avalanche of people expecting a whale dump when the whale didn't even need to trigger it. Expect explosive growth on Monday after a dip on Sunday.

[Miz4r]

I use an alarm to wake me when the price goes above or below a certain price. People are expecting another Sunday dump but I think it's going to be the opposite this time. Dumps don't work when everyone expects them, so you need to do the opposite of what's expected to get results.

What do you use?

http://namcdn.com/btcalarm/

Pretty cool site, props to the one who made it available for us.

[sarc]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.

I don't like being in Fiat but I get the feeling we will slowly settle below 100. I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down.  The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.

Any chance of teasing an explanation from you...?

[Jozzaboy]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.

I don't like being in Fiat but I get the feeling we will slowly settle below 100. I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down.  The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.

Any chance of teasing an explanation from you...?

Pig sucker rally going on right now. I'm interested in the analysis too.

[samson]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.

I don't like being in Fiat but I get the feeling we will slowly settle below 100. I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down.  The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.

Any chance of teasing an explanation from you...?

Pig sucker rally going on right now. I'm interested in the analysis too.

I agree it looks like a 'sucker' rally. Saturday morning too.

Just look at the bids on $90 - 6700 BTC required. That's enough to bounce a few times on the way down unless it's cancelled before it gets there of course.

[ft73]

Bids are not lowering, it just looks that way now because the price went up from 98-ish to 102. That also makes the ask side look more in balance with the bid side now, I guess double digits are just not sustainable (yet?).

Ahhh, I see your point. I really don't think double digits are sustainable either - sustainable being the key word. We may have buyers come in and jack the price up but there are many many people who would like to sell in the $100 + range, so I don't see a prolonged rally unless those buyers start coming in force. For that we need something - news, another bank to go under, interest rates to really rise, etc.

I don't like being in Fiat but I get the feeling we will slowly settle below 100. I worked some numbers by studying the chart (and past charts) and came up with a bounce off the $90 range on our way down.  The other points on the way down (not saying we reach all of them) is 82, 68 and 60. Maybe low 50's but I think the buying won't let that happen, too many people want it. Depending on how long the downward movement goes on, I'd "guess" the $68 region is more likely, we'll have to see how people react.

Any chance of teasing an explanation from you...?

Pig sucker rally going on right now. I'm interested in the analysis too.

I agree it looks like a 'sucker' rally. Saturday morning too.

Just look at the bids on $90 - 6700 BTC required. That's enough to bounce a few times on the way down unless it's cancelled before it gets there of course.

Yes WE is still long, too long to easily predict the outcome.
However we are back well over 100$ and that's the surprise, let's face it.

Now time to closely monitor 105$ area ...

[ronaldlee0917]

bid/ask sum has just crossed price, bullish signal.

[ronaldlee0917]

bid/ask sum has just crossed price, bullish signal.

They are both on dfferent scales ... change the scale and you can make them cross anywhere you want 

No, they share the same unit - usd per btc and same scale.
I was referring to the first graph, if you disagreee, you'd better go for an eye check.