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

[Loozik]

The indicators dont even work because their datapoints are crappy and it wont let me trade it with paper money. And it looks like they're polling gox every 2 minutes or something. Seriously you think they could do a little better than this. Oh yea and they have like 1.2% spreads, and charge 6% interest on margin for each DAY.

Here I am excited that ill be able to use the mt4 im so used to trading with for Bitcoin, and the chart turns out entirely butchered to the point of indicators not even being reliable, and these gigantic interest rates that essentially say "If you hold this overnight, you're entirely screwed."

Now you made some valid points (if they are true). Let's see if Avatrade addresses them. If I understand it correctly Ava started Bitcoin CFD yesterday. I would give them a month or two to fix their issues.

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[ChartBuddy]

[Kazu]

Was looking fun there for a while but it has quickly reverted to pre-fun levels.

[DaSheep]

Was looking fun there for a while but it has quickly reverted to pre-fun levels.

looks like someone is going to pull his trigger soon

anyway, i'm not sure what to make of the gap in the bid wave.
since the z axis is time, this would mean all bid orders below 105 disappeared for 5 minutes!?
can someone explain this to me?

[Kazu]

Was looking fun there for a while but it has quickly reverted to pre-fun levels.

looks like someone is going to pull his trigger soon

anyway, i'm not sure what to make of the gap in the bid wave.
since the z axis is time, this would mean all bid orders below 105 disappeared for 5 minutes!?
can someone explain this to me?

Ithink the deal was they were higher, then they dropped, so it looks like a gap.

[MinerStatus]

Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?

I think the latter.

Crap.

Why?

Because its crappy as hell. Like look at this and tell me, Wtf is this:

https://i.imgur.com/7CXKgBC.png

that's not a avatrade chart. I have been using them since they offered bitcoin trading, and I'm doing pretty well.

[ChartBuddy]

[gog1]

I think one of the wall at 105 is pulled.

[01BTC10]

I think one of the wall at 105 is pulled.

Half of it 

[gog1]

I still don't really have full faith in this rally - demand from SD buyout probably brought us back to 90-95, but I'm suspicious of the run up from 95 - 105.  Instead of the wild run up to 115 on mtgox after they suspend withdraw and people trying to get their money out mad by buying coins,  it's just a carefully orchestrated attempt slowly release trapped funds from mtgox.  The ask sum has been declining, volume on bitstamp up.

With labcoin, btcgarden, 796 and all these IPO's completed recently, there's probably selling pressure coming soon on bitstamp.

[Kazu]

I still don't really have full faith in this rally - demand from SD buyout probably brought us back to 90-95, but I'm suspicious of the run up from 95 - 105.  Instead of the wild run up to 115 on mtgox after they suspend withdraw and people trying to get their money out mad by buying coins,  it's just a carefully orchestrated attempt slowly release trapped funds from mtgox.  The ask sum has been declining, volume on bitstamp up.

With labcoin, btcgarden, 796 and all these IPO's completed recently, there's probably selling pressure coming soon on bitstamp.

If these companies are actually worth what they IPO'd for, that means that they must accept payments of presumably more than what they IPO'd for, hopefully (at least, in theory) compensating for the increased supply of the IPO with increased demand.

So technically its still OK.

[Kazu]

Mini-105 wall just popped up?

[ChartBuddy]

[derpinheimer]

Mini-105 wall just popped up?

The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall

If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people.

[Kazu]

Mini-105 wall just popped up?

The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall

If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people.

Wait so what happened to the other bit of the wall? Got tired of waiting? Whats he gonna do, just let the USD sit on gox for fun?

[FNG]

Mini-105 wall just popped up?

The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall

If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people.

Wait so what happened to the other bit of the wall? Got tired of waiting? Whats he gonna do, just let the USD sit on gox for fun?

back and bigger at 106.1

[ChartBuddy]

[ChartBuddy]

[DaSheep]

Ithink the deal was they were higher, then they dropped, so it looks like a gap.

ok this makes perfect sense. thank you!

Mini-105 wall just popped up?

The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall

If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people.

I also think it's a single person/group, the walls don't look random to me:

1700 @ 106.00
3300 @ 105.00
1900 @ 104.00
2200 @ 103.00
2300 @ 102.00
1700 @ 101.00
1100 @ 100.50 (nice double floor ^^)
-----------------
~ 145k BTC

The question is: Is this just a bored whale trying to push the price up or is it a major >$1.5m buy-in?
I think it's ledgit because they moved half of the $105 wall up with the price and didn't pull it when it got sold into.
Let's hope they get bored waiting and decide to just do a market order  

[4mherewego]

It still feels slow...