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

[Its About Sharing]

I'm watching the $85 89 (was eyeing it) level or so, that is the key point to this rally. And even if we break it I am still very leery about this "rally".
Sure, a few more people come in and buy up 6000 coins we will go up. But there are a whole lot of guys looking to sell their lot and
those bids are going to be placed and fill up behind us very shortly. Have to see if a big giant sell order comes around the 85 or so level.

IAS

[ElectricMucus]

I must be in denial because I don't buy this "rally" for a minute.

I do. 

Indeed a minute or two couldn't hurt

[derpinheimer]

I'm watching the $85 level or so, that is the key point to this rally. And even if we break it I am still very leery about this "rally".
Sure, a few more people come in and buy up 6000 coins we will go up. But there are a whole lot of guys looking to sell their lot and
those bids are going to be placed and fill up behind us very shortly. Have to see if a big giant sell order comes around the 85 or so level.

IAS

A giant sell had its chance many times at 76-77. Only a large one came, and no one followed. Megabull's walls are gone [until 78], so if they wanted top dollar, they'd have sold into the 80 wall.

[MAbtc]

I must be in denial because I don't buy this "rally" for a minute.

Why not? Pretty nice sucker rally from 60s. Extracting myself some nice dollars.  

[derpinheimer]

I must be in denial because I don't buy this "rally" for a minute.

Why not? Pretty nice sucker rally from 60s. Extracting myself some nice dollars.  

Sucker's rallies dont generally include million dollar market orders. With bidwall backing. And those asks? They arent refilling.

The bids? Still up. Well over 11 million now.

[MAbtc]

I must be in denial because I don't buy this "rally" for a minute.

Why not? Pretty nice sucker rally from 60s. Extracting myself some nice dollars.  

Sucker's rallies dont generally include million dollar market orders. With bidwall backing. And those asks? They arent refilling.

The bids? Still up. Well over 11 million now.

Yeah, but the bounce from 65 to 78 was more organic.

[Its About Sharing]

I'm watching the $85 level or so, that is the key point to this rally. And even if we break it I am still very leery about this "rally".
Sure, a few more people come in and buy up 6000 coins we will go up. But there are a whole lot of guys looking to sell their lot and
those bids are going to be placed and fill up behind us very shortly. Have to see if a big giant sell order comes around the 85 or so level.

IAS

A giant sell had its chance many times at 76-77. Only a large one came, and no one followed. Megabull's walls are gone [until 78], so if they wanted top dollar, they'd have sold into the 80 wall.

Yeah, it is certainly manipulation. Where do you see them wanting to take us?

My guess is just a little higher before a dump to break many a heart.

[knight22]

can anyone explain to my, how to understand the green and red bars at bitcoinity? Thanks you.

Red bar = negative balance
Green bar = positive balance

Height represent the trading volume

[chairforce1]

this is way better than tv

[meh32123]

Look at that cheap USD

[kickinyou]

Someone thinks that the real crash coming now ?

[Its About Sharing]

this is way better than tv

You have to turn the sound on (Clark moody or http://trading.i286.org/) - Really adds to the excitement, especially the former imo. Just set the "beep" level to about 10...

[Its About Sharing]

Someone thinks that the real crash coming now ?

I think we are getting to a critical level, resistance wise. Mid to upper 80's. If we can get through that, then things get interesting more interesting.

[Miz4r]

We're on the epic road back to triple digits.

[pennywise]

I'm in Germany as well and do worry a bit about the future of Bitstamps bank in Slovania. I think they are fine for the rest of the year but who knows about the future.
I haven't traded on bitcoin.de in a while as it takes so long transferring money to another persons account, waiting for the verification, etc. Also been taken advantage of their 2X.

Do you know when we can use the Bitcoin.de new banking partnership? They hopefully have made changes to their account already to allow for easy integration.

I'm from Slovenia and this is what I think and know: there are approximately two types of banks here, foreign franchise banks (Unicredit, Sberbank, Hypo Bank...) and the other group, which comprises of banks either state-owned (NLB, NKBM, Factor Banka, ), either bought by managers, tycoon-style (Probanka). The first group runs pretty well. And Bitstamp has its account at Unicredit bank, which stands quite well for slovenian standards, perhaps best of them all. But the second group, representing perhaps 75% (this is without checking but I think I'm right) of slovenian banking sector, has found itself drowning in bad real-estate loans. And the government is at this time trying to fill up a hole with depth of the Baikal lake with a teaspoon.

Like most european countries, we also have this institute, called the Bank of Slovenia, and all the banks in the state are its members. So when one of the banks loses its steam, that institute makes sure that business on the failed bank goes on and steps in with its capital if necessary. The problem is - what if 75% of the banking sector fails? What does that mean for surviving (mostly foreign franchise) banks? I don't really know. Would that hurt Unicredit, which at least now performs quite ok?

What would happen if we would face the Cyprus-type haircuts? I think Bitstamp needs to seek out some other banks. But I think they're working on that, perhaps have it ready.

[derpinheimer]

I'm watching the $85 level or so, that is the key point to this rally. And even if we break it I am still very leery about this "rally".
Sure, a few more people come in and buy up 6000 coins we will go up. But there are a whole lot of guys looking to sell their lot and
those bids are going to be placed and fill up behind us very shortly. Have to see if a big giant sell order comes around the 85 or so level.

IAS

A giant sell had its chance many times at 76-77. Only a large one came, and no one followed. Megabull's walls are gone [until 78], so if they wanted top dollar, they'd have sold into the 80 wall.

Yeah, it is certainly manipulation. Where do you see them wanting to take us?

My guess is just a little higher before a dump to break many a heart.

Hell, what do I know. I've been sitting on the sidelines in USD since we were at 130.

Been to chicken to re-enter since.

Regardless, this guy reminds me a lot of the 95-110 market order. Temporarily confused the market... then.. we fell. Not that it will happen again, necessarily.

[Walsoraj]

Keep your eyes on the charts my friends. This afternoon/evening, I will use my masses of USD to prove my lust for Bitcoin is firmer than the legions of weak-boner traders that recently began to pollute this forum. 

I like you a lot better upside down.

I'm doin' everything i can. USD cannons are starting to limp a bit. need assistance.

[kickinyou]

Someone thinks that the real crash coming now ?

I think we are getting to a critical level, resistance wise. Mid to upper 80's. If we can get through that, then things get interesting more interesting.

Yes thats my mind to, bad thing that i have to sleep now im all out so no loss but maby miss the rally. But in my mind i always feel that it was not the bottom .

[FNG]

We're on the epic road back to triple digits.

Shhh..let the bears stay blind.

 

[Frozenlock]

And now the FUD for bears...

Will it really go down?

Perhaps it was the last chance to get cheap coins...
You know that everyone (that matters, money wise) was waiting for cheap coinz.