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

[OldGeek]

I'd now call the move on BTCChina "significant". Coming 24h should be interesting.

The move on China looks almost exactly like the one last Saturday at approximately 2 hours earlier.

Sigh.  That's all I needed to hear.  I already keep 4 windows open.  Now it'll be 5.

[Vycid]

You could say that.  It's a DYI job.  The main components are an empty soda can, a length of mono filament fishing line*, and a used paint brush.

* I only use 20 lb test.  If you are after bigger fish you need stronger line.

A true fisherman can catch bigger fish with a lower test line. I use 4 myself.

If you epoxy enough of them together you can get a fishing line composite with a weibull failure load distribution 

[OldGeek]

lol

And here I thought I was trolling.

[Crazy]

You can't troll trolls.

And in related news, that 6900 wall on China just disappeared like Houdini.

[Vycid]

You could say that.  It's a DYI job.  The main components are an empty soda can, a length of mono filament fishing line*, and a used paint brush.

* I only use 20 lb test.  If you are after bigger fish you need stronger line.

A true fisherman can catch bigger fish with a lower test line. I use 4 myself.

If you epoxy enough of them together you can get a fishing line composite with a weibull failure load distribution 

So... I could probably catch a bear with something like that?

Even a manbearwhale.

[windjc]

I'd now call the move on BTCChina "significant". Coming 24h should be interesting.

The move on China looks almost exactly like the one last Saturday at approximately 2 hours earlier.

Sigh.  That's all I needed to hear.  I already keep 4 windows open.  Now it'll be 5.

The market has looked very weak last Saturday and this one. Although the sell off last Saturday was under ATHs and with more volume, which seemed more bearish. However, it recovered quicker than this sell off. But, this sell off also had more steam to blow off.

If we continue to stay flatish over the next 24 hours, then this becomes bullish yet again. As long as China is able to relieve the downside pressure from time to time, it seems more optimistic that it can maintain upside momentum. China seems to be much more conservative since the last correction. Having said that, as we saw this week, once they get up a head of steam over there they are hardly able to control themselves.

[Vycid]

You could say that.  It's a DYI job.  The main components are an empty soda can, a length of mono filament fishing line*, and a used paint brush.

* I only use 20 lb test.  If you are after bigger fish you need stronger line.

A true fisherman can catch bigger fish with a lower test line. I use 4 myself.

i dont even use a line, i use dynamite.

Only hillbillys and rednecks use dynamite. Why am I not surprised, GOAT?

i use a 22 for catching catfish sometimes

I hope it's an automatic .22, that'd be spectacular.

The crossbows with fishing line attached are great also.

[justusranvier]

You could say that.  It's a DYI job.  The main components are an empty soda can, a length of mono filament fishing line*, and a used paint brush.

* I only use 20 lb test.  If you are after bigger fish you need stronger line.

A true fisherman can catch bigger fish with a lower test line. I use 4 myself.

i dont even use a line, i use dynamite.

Only hillbillys and rednecks use dynamite. Why am I not surprised, GOAT?

[OldGeek]

XKCD strikes again.

Seriously, Goat, you would use a catch 22 to catch catfish.  Shame on you.

[Vycid]

XKCD strikes again.

Seriously, Goat, you would use a catch 22 to catch catfish.  Shame on you.

Yeah, shame on you, I'd use a .50 BMG. That way I wouldn't have to spend time prepping fishsticks.

[Crazy]

What the hell are you people talking about

[Vycid]

What the hell are you people talking about

The use of tools hilariously inappropriate to the application  

In particular using guns to go fishing.

I'm going to stick this on the bucket list...

37) Learn Mandarin
38) Shoot a catfish with a rifle chambered in .50 BMG, then attempt to filet the remainder

[BTCTRADERZ]

You could say that.  It's a DYI job.  The main components are an empty soda can, a length of mono filament fishing line*, and a used paint brush.

* I only use 20 lb test.  If you are after bigger fish you need stronger line.

A true fisherman can catch bigger fish with a lower test line. I use 4 myself.

i dont even use a line, i use dynamite.

+1

[OldGeek]

brb.  Gotta go catch that shark I lost a little while ago.

[explorer]

lol

And here I thought I was trolling.

Well... if you have a boat, why not?

...but it's a train, not a boat!

[Vycid]

lol

And here I thought I was trolling.

Well... if you have a boat, why not?

...but it's a train, not a boat!

we all know its a rocket

[Nolo]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it. 

[OldGeek]

If I keep losing my bait like that I'll be walking instead of trains or rockets.

[explorer]

lol

And here I thought I was trolling.

Well... if you have a boat, why not?

...but it's a train, not a boat!

we all know its a rocket

oh shit. I think I might have got on the wrong train! That's not the one from the brochure!

[OldGeek]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it. 

That's a simple rendition of the order book.