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

[kurious]

Still wondering who will nail what the grey line on Bitconwisdom is.  

My guess:

Imagine that the cumulative bid and ask plots are the sides of a valley. (Turn that part of the chart 90 degrees counter-clockwise)  Fill the valley gradually with water. At each level of the water, mark the midpoint between the left and right banks.

That plot would be read as follows: suppose that we pair up the highest bids with the lowest offers, at a price that halfway both.  As you do that, record the current price on one axis, and the total amount traded so far on the other axis,

Makes sense?

Yep - that makes sense, thanks.

I am just trying to factor in what watching it will tell me - movements up and down reflecting shifting bid / ask strengths - It will be useful as a sentiment / expectation of movement indicator (although ultimately the big players' money moves will make it irrelevant, of course).

[ChartBuddy]

[kurious]

Ok so RP and his boys gonna dump in like 9 hours? That's when Sunday's dump usually happens. My guess is if he's gonna do it, that's when he will. Hope you all are ready for teh cheap coins! I guess he'll sink it down to the low 700s at best (from his perspective).

Watching. I'm craving more whale caviar. yumm$$$BTCBTCBTCBTC

Alright, hope you have a nice meal. He (and his "clients") may also wait until China starts it's Monday. If they start downward he can try and add to the panic. This would be more effective obviously. He wants....$500 coins right?

Maybe Risto and friends are up early this Sunday - I trust Loaded will wait until he can see the whites of their eyes before he fires the harpoons...

[spooderman]

I love how there is usually a spelling error in the poll.

[seleme]

I love how there is usually a spelling error in the poll.

That's what weed bought on SR with btc, alcohol and btc price excitement does to you 

[RAJSALLIN]

Make or break time in china. Under 5k and we are in a bear market for sure

[seleme]

Any site that shows more than 3 lines of bids and asks on BTCChina like wisdom does?

[kurious]

Anyone smell bears?  Set up your buy levels chaps - at some point today it might get interesting...

EDIT: Or maybe for Loaded it should be - 'lash yourself to a mast and watch for a blow hole'    

[Nemo1024]

Hmm.
Good morning from Europe, or should I say, afternoon.
I seen 804 was touched on Bitstamp. My sights are set even lower, though.  

And a new poll...

Well, well, well.

I wrote this quite large puppy (38702 lines of code):
https://bitcointalk.org/index.php?topic=149442.0
to control Bitcoin miners, and all I have to show for it is exactly 0 BTC in donations, even though I know that there were quite a few people who found it useful.

[kurious]

Hmm.
Good morning from Europe, or should I say, afternoon.
I seen 804 was touched on Bitstamp. My sights are set even lower, though.  

And a new poll...

Well, well, well.

I wrote this quite large puppy (38702 lines of code):
https://bitcointalk.org/index.php?topic=149442.0
to control Bitcoin miners, and all I have to show for it is exactly 0 BTC in donations, even though I know that there were quite a few people who found it useful.

It will be expensive to get it much lower than that.   'I see dead whales'

[seleme]

Lot of people are expecting cheap coins at about same levels.

Never underestimate what panic selling can do but it will be difficult to bring btc there.

[kurious]

Didn't Risto say he something about how wouldn't post again until it's at 500?

I don't believe he likes staying away - it's too big a part of his life to swagger around - if he really has any clout, with all he's said - he will have to have a go at bashing it down soon.

I doubt he's in church today and China is hovering over 5K - bet he's tempted!   Bet he's watching here, too

[Nemo1024]

Lot of people are expecting cheap coins at about same levels.

Never underestimate what panic selling can do but it will be difficult to bring btc there.

You mean, at 550? 

[TERA]

Something isn't quite right about this downtrend. I'm starting to get some small choo choo feelings.

[spooderman]

Something isn't quite right about this downtrend. I'm starting to get some small choo choo feelings.

6 or 7 more hours and it's over.

edit: China has about 4 hours of weekend left. Bears trying to get something going....

[kurious]

Maybe bears decided this weekend it would be too expensive to try - but we will only know for sure by Monday morning....

I still have some buys set up and fiat ready - but I will be happy if stays over 850 and they are not filled.

[MicroFi]

Some big dumps on Gox.

[kurious]

Something isn't quite right about this downtrend. I'm starting to get some small choo choo feelings.

6 or 7 more hours and it's over.

edit: China has about 4 hours of weekend left. Bears trying to get something going....

They are indeed.

[spooderman]

Just wanted to point out, it's still higher than when RP invited us "to join the bears" this happened on Nov18th when it jumped up to 900 quickly. People joining bears then would have sold between 500-700 and missed out on 1k+ for sure.

Walsoraj prob said something similar too....not that I'd know.

[kurious]

Just wanted to point out, it's still higher than when RP invited us "to join the bears" this happened on Nov18th when it jumped up to 900 quickly. People joining bears then would have sold between 500-700 and missed out on 1k+ for sure.

Walsoraj prob said something similar too....not that I'd know.

The support down to 800 is really high - and they are not putting walls in above the sells, so a bounce back is not 'insured against'

This is just throwing a few hundred coins to Loaded - was it him throwing a 100 coins in at 845 when it looked an easy push down to 820 a few minutes ago, I wonder?

Not sure this is smart bears - it's a weak attack - not enough coins to do real damage yet.