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

[kwest]

Biggest gap between gox/stamp in a while now. Correction coming?

Curious, would such a wide gap typically signal a correction?

Maybe.. it's just an observation. But the past few weeks the gap has been between 12-15%.
When I posted it was up to over 18%

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[TERA]

[Ashitank]

500 btc wall @ 795 on BTC-E TrollZ

And DUMP !

[billyjoeallen]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

[TERA]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

[billyjoeallen]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

Momentum traders increase volatility. They are parasites. I love taking their money.

[kwest]

I can recommend the Bitcoinium app for Android.. I use it to easily view the orderbooks (color coded to see how big the walls are) and keep track of prices across exchanges.

Screenshot of Stamp orderbook:
https://i.imgur.com/z59xMLL.jpg

[magicmexican]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

[TERA]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop.

[billyjoeallen]

I can recommend the Bitcoinium app for Android.. I use it to easily view the orderbooks (color coded to see how big the walls are) and keep track of prices across exchanges.

Screenshot of Stamp orderbook:
https://i.imgur.com/z59xMLL.jpg

Oooh, that 315 ask wall at $800 is scary. it couldn't possibly move or vanish. Never happens.

[ChartBuddy]

Explanation

[shmadz]

wow whos buying all the coin on virtex!?

this is scary...

I assume those red orders below were the ones that scared you?

Jan 25, 2014, 03:38:16   850.00000   1.70   
Jan 25, 2014, 03:35:00   845.26000   0.21   
Jan 25, 2014, 03:34:56   845.26000   0.44   
Jan 25, 2014, 03:33:30   850.00000   2.00   
Jan 25, 2014, 03:33:03   850.00000   0.20   
Jan 25, 2014, 03:32:51   850.00000   11.59   
Jan 25, 2014, 03:32:29   850.00000   15.00   
Jan 25, 2014, 03:32:03   850.00000   0.08   
Jan 25, 2014, 03:31:42   850.00000   8.83   
Jan 25, 2014, 03:31:35   850.00000   11.17

Scared me too!! Scared me right out of the market actually.

Just before I went out last night I pulled all my open positions and bought what I could with my leftover fiat.  (the blue one was mine  ) small potatoes I know, but I've got things I need to get done and I want to take a break from watching the market for a while.

The spread is now about $30 on Virtex, highest bid is 853.7 lowest ask is 880 -- place your bet at 854 and pray someone gives you cheap coins? or not... whatever helps you sleep at night

[mellowyellow]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in.

yes, but that was a problem withdrawing fiat - now people are complaining they can't withdraw btc either.

[billyjoeallen]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop.

lol Those other moving averages don't mean nothin, right?

[TERA]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD!  
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop.

lol Those other moving averages don't mean nothin, right?

When I'm trading altcoins or daytrading bitcoin crashes like Dec 17 then the 15min and 5min are important. But when bitcoin has barely moved for 2 weeks, then they aren't. Less volatility = longer timeframes.

[billyjoeallen]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! 
Yeah, Gox sucks, but we've known that for a while and it's priced in.

yes, but that was a problem withdrawing fiat - now people are complaining they can't withdraw btc either.

Sorry, also not new. I got 31 coins stuck over there myself I haven't been able to access for a year. Just think of all those one way ATMs now putting buy side pressure on the market. APIs for employees to receive paychecks in BTC. Major retailers announcing every day they accept bitcoin. Wall Street Licking it's lips. How cheap is cheap you gotta be asking yourself.

[billyjoeallen]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD!  
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop.

lol Those other moving averages don't mean nothin, right?

When I'm trading altcoins or daytrading bitcoin crashes like Dec 17 then the 15min and 5min are important. But when bitcoin has barely moved for 2 weeks, then they aren't. Less volatility = longer timeframes.

oh, so the 100D, 1M- you don't watch these. I see.

[TERA]

OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD!  
Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?

If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now.

What do you mean by *all* macd's?

Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop.

lol Those other moving averages don't mean nothin, right?

When I'm trading altcoins or daytrading bitcoin crashes like Dec 17 then the 15min and 5min are important. But when bitcoin has barely moved for 2 weeks, then they aren't. Less volatility = longer timeframes.

oh, so the 100D, 1M- you don't watch these. I see.

Like I said less volatility = longer timeframes which means more volatility = shorter timeframes. Bitcoin is extremely volatile a 1D scale which warrants playing 1D at the very least. There is never a time when btc is stable enough to warrant playing a timeframe as big as 100D. Only playing 100D would mean a lot of missed opportunities to easily take advantage of the volatility on smaller scales.

[kehtolo]

Bit off topic.. but i know this thread get's plenty of attention, so cheekily i'm posting here.
It's a link to another thread i posted, it's the story of a man who lost his sight through Glaucoma 5 years ago, and is attempting to fight a legal battle in Ireland for the right to have medical marijuana..

if you feel curious, please check it out. I've been in contact with him and have since set up a address to help aid his cause, legal fees and so on..

sure go on.. have a wee look -> https://bitcointalk.org/index.php?topic=431596.new#new

*Edit: donation wallet address -> 1PYX5YDpjGbHxSsn7yaq9kkUuL7tF7NiAf

[mellowyellow]

Bit off topic.. but i know this thread get's plenty of attention, so cheekily i'm posting here.
It's a link to another thread i posted, it's the story of a man who lost his sight through Glaucoma 5 years ago, and is attempting to fight a legal battle in Ireland for the right to have medical marijuana..

if you feel curious, please check it out. I've been in contact with him and have since set up a address to help aid his cause, legal fees and so on..

sure go on.. have a wee look -> https://bitcointalk.org/index.php?topic=431596.new#new

Good cause, I hope he's successful.

Medical marijuana makes a huge difference everyday to people with all sorts of ailments. Shame they have to involve themselves in criminality just to relieve their symptoms, it's a human rights issue.