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

[BitcoinAshley]

Are we there yet?

https://www.youtube.com/watch?v=18AzodTPG5U

[Nemesis]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

We will break ATH but not now.... not healthy

Gotta settle around 860-870 waiting for other exchanges to catch up.

Break ATH and out of breath is never a good thing.

[maz]

So your only serious if your blindly emotionally peeing your pants to the moon bullish, but if you compare some market trends and hint at being bearish your not?

-5 credibility for you.

I think the rule is that you're only allowed to subtract credibility points (CredPoints, if you will) from someone if you have any yourself. Sorry mate.

I think you'll find it's my credibility scale and I'll add and subtract where I want.

mccorvic: -2

[MoreFun]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.

You don't need money in another account. You can buy your own wall, exchanges like fees.

[Nemesis]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.

Welcome to Manipulation 101.... LOL i've told you guys this long ago after i've done it myself.

I can tell you the total fee for me was 0.6% (0.3% x 2)

[rpietila]

I just can't shake the feeling that there's one more good thrust left in this run.

I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.

[ChartBuddy]

[MoreFun]

I just can't shake the feeling that there's one more good thrust left in this run.

I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.

There is really no explanation needed. Market wants up. Bitstamp just eaten 2 large walls ($3M+) and bitfinex is out of $ at stamp. To be continued...

[CryptStorm]

It's becoming obvious to me that I would like a merged chart or indicator for volume across the exchanges-- perhaps an averaged price point would be worth it too. Ah, infrastructure in the developing world...

*puts on wish list*

EDIT: finds Coinorama thanks to oda.krell's post

[ShroomsKit]

That wall at 900 is ridiculous. What's the point?

[rpietila]

There is really no explanation needed. Market wants up.

Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.

[MoreFun]

That wall at 900 is ridiculous. What's the point?

Take a look few posts above or ask 10k wall guy at $270 a month ago.

[lucas.sev]

That wall at 900 is ridiculous. What's the point?

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.

[mccorvic]

So your only serious if your blindly emotionally peeing your pants to the moon bullish, but if you compare some market trends and hint at being bearish your not?

-5 credibility for you.

I think the rule is that you're only allowed to subtract credibility points (CredPoints, if you will) from someone if you have any yourself. Sorry mate.

I think you'll find it's my credibility scale and I'll add and subtract where I want.

mccorvic: -2

Oh yea! Well maz: - infinity

check mate.

[Rampion]

There is really no explanation needed. Market wants up.

Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.

Well, is not going down neither - in fact it went up since you sold your coins.

[ShroomsKit]

That wall at 900 is ridiculous. What's the point?

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

Maybe it's for the spring effect? Let's say you have 2k placed at 900, but also have money to buy it from yourself in another account, you buy it and cause euphoria, you still have 2k BTC minus the fee and now it's rising sharply in value.

Ah. I have Rampion on ignore. But he has a good point there. I think the same thing.

[Realtimez]

There is really no explanation needed. Market wants up.

Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.

I'm pretty sure a lot of people are trying to buy BTC but have no idea how, pending verification on bitstamp/gox or are just not in china/usa/russia to buy them straight.

[Boxman90]

There is really no explanation needed. Market wants up. Bitstamp just eaten 2 large walls ($3M+) and bitfinex is out of $ at stamp. To be continued...

What are you on? Those 2500 BTC were market sold

[oda.krell]

I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.

There's another way to look at it, a better one IMO: dynamically/as change over time.


In that view, bid/ask depth ratio (price normalized in the charts below) on bitstamp and btcchina has been largely stable for the past week, with a very weak decline until yesterday, and a slight upwards slope since today, while the ratio went trough the roof on mtgox.


I take that as a pretty positive sign. Doesn't mean I'm sure we're going up, further consolidation is still quite likely, but I don't see many bearish signs on the order book.

[Miz4r]

There is really no explanation needed. Market wants up. Bitstamp just eaten 2 large walls ($3M+) and bitfinex is out of $ at stamp. To be continued...

What are you on? Those 2500 BTC were market sold

Same thing, the buyers just ate it all up. If the market wanted to go down a 2500 BTC market sell order would trigger more sells and a large drop in price.