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

[damiano]

anyways going to sleep...hope I wake up to sub 800 coins

[bassclef]

Is it choo choo time yet ?

Bitstamp 830 wall of  200 btc being eaten.

yes CCMF

Caribbean Condominium Mothers' Fund?
Christlike Concerns for the Medically Fragile?
Continuing Curriculum of Martyrs and Floozies?
Cost Cutters of Montana and Fairbanks?
Community College Magic Foundation?

[fr33d0miz3r]

anyways going to sleep...hope I wake up to sub 800 coins

you mean sub 80?

[bobdude17]

http://www.reddit.com/r/Bitcoin/comments/1v985l/chinese_bitcoin_press_conference_20130115/


This the good news from China?

[HairyMaclairy]

The TLDR version of the China news is that some senior party official banking guy restated the Dec 6 announcement which was that people are free to trade in bitcoin at their own risk.

This is being taken as a sign that nothing will happen on 31 Jan.

[Davyd05]

The TLDR version of the China news is that some senior party official banking guy restated the Dec 6 announcement which was that people are free to trade in bitcoin at their own risk.

This is being taken as a signs that nothing will happen on 31 Jan.

FUD is FUD but we'll see how that develops...however it is just them sticking to the original statement which kept being taken out of context.

[fr33d0miz3r]

I'm just wondering how it's working out for all these guys with lines, fibs, waves

and bear flags

[ShroomsKit]

Looks like it's already over. We reached 960 which means it's time to panic sell of course.

Ok i'll stop now.

[ChartBuddy]

Explanation

[Davyd05]

Looks like it's already over. We reached 960 which means it's time to panic sell of course.

Ok i'll stop now.

So like Adam mentioned if we can bust through resistance points, consolidate and build support and break the next point we can choo choo to ATH. I know that requires a lot of things going the way of the bull but not impossible. From the looks of it +20 dollars has 350 coin wall at 960, and -20 @ 940 has 500 coin support not including the price point inbetween... however I think if we don't see major dumps by 6am est we'll probably consolidate at this price range 930-950 @ gox ofc

[zakalwe]

anyways going to sleep...hope I wake up to sub 800 coins

you mean sub 80?

Hmmmmm you may wake up with stamp over 900 and gox 1.000.........

Sleep well  

[notme]

Granted it is only one sample, I picked blue as the fake data right away.

Good. Can you tell what looked "wrong" with that one?

Brownian motion follows a normal distribution.  Price changes follow a power law distribution with clustering of high standard deviation data points.

Indeed, in other time intervals and other scales it is quite visible that the amplitude of the "random" component (the price changes) varies over a scale of tens of hours, so that there are "steadier days" and "wilder days".  That should account for "clustering of high standard deviation data points".

In that interval, in particular, the red curve has larger deviations in the first half, smaller in the middle (from ~120 to ~150) and then intermediate ones near the end.

However, that effect seems to be rather subtle.  Perhaps it was the non-normal distribution of the changes that made the red curve look different?

http://www.amazon.com/gp/aw/d/0465043577

^ What I'm currently reading.  But from what I understand, the derivative of price does not follow a normal distribution.  There are far too many data points with high standard deviations.  Instead you need a distribution with so-called fat tails.

[windjc]

I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.

Because I'm pretty sure nothing is going to happen there that day.

[Davyd05]

0.01 bot is buying not selling 0.01s think the bot thinks were gonna rally lol

[Chancellor]

I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.

Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300

[Davyd05]

I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.

Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300

I expect a rally, China was just scaring us away from the cheap coins...

[Davyd05]

Looks like it's already over. We reached 960 which means it's time to panic sell of course.

Ok i'll stop now.

So like Adam mentioned if we can bust through resistance points, consolidate and build support and break the next point we can choo choo to ATH. I know that requires a lot of things going the way of the bull but not impossible. From the looks of it +20 dollars has 350 coin wall at 960, and -20 @ 920 has 500 coin support not including the price point in between... however I think if we don't see major dumps by 6am est we'll probably consolidate at this price range 930-950 @ gox ofc

700 coin support at 920 vs 773 resistance at 970

BUILD SUPPORT !!! RESISTANCE IS FUTILE LoL

[Ducky1]

Choo choo 

[Davyd05]

Choo choo 

that support is growing..and resistance is dying  for the moment at least

470 coins @ 970  vs  820coins @ 920

[zakalwe]

I'm curious what if anything is going to happen once the 31st comes and nothing happens in China.

Even if nothing is going to happen, I expect some serious dumps one or more days before. People will go fiat just in case. Personally I'm going to hold + transfer some more fiat to the exchange for buying at 300

I expect a rally, China was just scaring us away from the cheap coins...

+1