Bitcoin Forum
March 29, 2020, 01:02:00 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What causes you more fear? (credit:Micg)
Coronavirus - 91 (54.8%)
Bitcoin - 75 (45.2%)
Total Voters: 166

Pages: « 1 ... 22113 22114 22115 22116 22117 22118 22119 22120 22121 22122 22123 22124 22125 22126 22127 22128 22129 22130 22131 22132 22133 22134 22135 22136 22137 22138 22139 22140 22141 22142 22143 22144 22145 22146 22147 22148 22149 22150 22151 22152 22153 22154 22155 22156 22157 22158 22159 22160 22161 22162 [22163] 22164 22165 22166 22167 22168 22169 22170 22171 22172 22173 22174 22175 22176 22177 22178 22179 22180 22181 22182 22183 22184 22185 22186 22187 22188 22189 22190 22191 22192 22193 22194 22195 22196 22197 22198 22199 22200 22201 22202 22203 22204 22205 22206 22207 22208 22209 22210 22211 22212 22213 ... 26470 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21577270 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (143 posts by 33 users deleted.)
somac.
Full Member
***
Offline Offline

Activity: 774
Merit: 242


View Profile
December 20, 2018, 11:48:41 AM
Merited by xhomerx10 (1), mindrust (1), El duderino_ (1), ivomm (1)

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.
1585443720
Hero Member
*
Offline Offline

Posts: 1585443720

View Profile Personal Message (Offline)

Ignore
1585443720
Reply with quote  #2

1585443720
Report to moderator
1585443720
Hero Member
*
Offline Offline

Posts: 1585443720

View Profile Personal Message (Offline)

Ignore
1585443720
Reply with quote  #2

1585443720
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1585443720
Hero Member
*
Offline Offline

Posts: 1585443720

View Profile Personal Message (Offline)

Ignore
1585443720
Reply with quote  #2

1585443720
Report to moderator
1585443720
Hero Member
*
Offline Offline

Posts: 1585443720

View Profile Personal Message (Offline)

Ignore
1585443720
Reply with quote  #2

1585443720
Report to moderator
1585443720
Hero Member
*
Offline Offline

Posts: 1585443720

View Profile Personal Message (Offline)

Ignore
1585443720
Reply with quote  #2

1585443720
Report to moderator
Last of the V8s
Legendary
*
Offline Offline

Activity: 1428
Merit: 3129


Be a bank


View Profile
December 20, 2018, 12:09:20 PM

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...
xhomerx10
Legendary
*
Offline Offline

Activity: 2338
Merit: 2867


Aceeasi Marie cu alta palarie


View Profile
December 20, 2018, 12:13:14 PM
Merited by jbreher (5)

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...


 My ears eyes are burning and my palms are itching.

edit: and that was my last sMerit.
El duderino_
Legendary
*
Offline Offline

Activity: 1008
Merit: 3521


Bitcointalk, where moral and ethical people post!


View Profile
December 20, 2018, 12:13:56 PM
Merited by LFC_Bitcoin (1)

via Imgflip Meme Generator

Btw 1BTC= 4K

Still so F***ing cheap ??
El duderino_
Legendary
*
Offline Offline

Activity: 1008
Merit: 3521


Bitcointalk, where moral and ethical people post!


View Profile
December 20, 2018, 12:16:23 PM

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...

Got your back (btw you should apply for being a source.... would be a good one)

The HAT is something XhomerX is gotta do Wink
If he finds the time for it
mOgliE
Legendary
*
Offline Offline

Activity: 1134
Merit: 1214



View Profile
December 20, 2018, 12:16:27 PM

Btw 1BTC= 4K

Still so F***ing cheap ??

Anything under 10k$ is F***ing cheap as hell like the old one-legged prostitute of St Martin road at Paris  Cool


So was i told.
Cryptotourist
Sr. Member
****
Offline Offline

Activity: 532
Merit: 401


Homo Sapiens Bitcoinerthalensis


View Profile
December 20, 2018, 12:17:39 PM

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...

I would love to know which part you don't buy?
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1870


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 20, 2018, 12:17:46 PM
Merited by bones261 (1), Toxic2040 (1)

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  

LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2030
Merit: 2939


One of the world's leading Bitcoin-powered casinos


View Profile
December 20, 2018, 12:18:04 PM

via Imgflip Meme Generator

Btw 1BTC= 4K

Still so F***ing cheap ??

This is definitely me!

Always had a sense of entitlement Smiley
somac.
Full Member
***
Offline Offline

Activity: 774
Merit: 242


View Profile
December 20, 2018, 12:21:21 PM

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...

Glad I'm not alone in my thoughts. I need a pic before a hat though, and merit does seem to be an uncommon commodity.

Only problem with the orders at the moment though, is that the buy orders aren't really chasing the price, but, the sell orders are not following the price down either. What's more, looking at this price increase, not many new sell orders are being added either. So I really do think the bulls have it at these levels. I'd say that at worst we will now be repeating a 2015 sideways to slightly up market.
mOgliE
Legendary
*
Offline Offline

Activity: 1134
Merit: 1214



View Profile
December 20, 2018, 12:21:25 PM

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  



Seems logical, the price surge is unhealthy.

There is a good probability of the price going down again and they want in.

I would go in too, if there wasn't SO MUCH SHORT ALREADY
I think the amount of short is in fact a freaking good news because each short is making the bottom a bit more solid. You can't short if there is no coin to buy... And coins at 3500$ aren't so numerous...
kingcolex
Legendary
*
Offline Offline

Activity: 2142
Merit: 1240



View Profile
December 20, 2018, 12:22:33 PM

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  


All the proof we need that the market is in the phase of this is a suckers rally. I believe it's not and they're about to be rekt.
mOgliE
Legendary
*
Offline Offline

Activity: 1134
Merit: 1214



View Profile
December 20, 2018, 12:24:15 PM

All the proof we need that the market is in the phase of this is a suckers rally. I believe it's not and they're about to be rekt.

Even if it was a sucker rally, once everyone thinks so and act accordingly, it becomes a real rally.

All those shorts means bought coins, means solid bottom.
Every time the price will drop, even a bit, closing shorts will make it up.
somac.
Full Member
***
Offline Offline

Activity: 774
Merit: 242


View Profile
December 20, 2018, 12:24:35 PM

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  


yes those shorts are still massively high, even after this pump, I was surprised at this.

https://www.tradingview.com/symbols/BTCUSDSHORTS/
Last of the V8s
Legendary
*
Offline Offline

Activity: 1428
Merit: 3129


Be a bank


View Profile
December 20, 2018, 12:32:24 PM

Someone on here said a few hours ago that shorts had closed and reopened higher iiuc. Is that right? How can we track that?
somac.
Full Member
***
Offline Offline

Activity: 774
Merit: 242


View Profile
December 20, 2018, 12:35:07 PM

Guys, another thing to look at regarding fundamentals are the new USD stable coins. These are considered "honest" and I think they will help show how the inflows of actual money into the market is going. This will be represented by their market cap, and it is currently looking very nice.
Globb0
Legendary
*
Offline Offline

Activity: 2198
Merit: 1592


Risen from the flames


View Profile
December 20, 2018, 12:40:09 PM

I worry how quick you all switch to happy


elsewhere, Roach revealed!

somac.
Full Member
***
Offline Offline

Activity: 774
Merit: 242


View Profile
December 20, 2018, 12:41:31 PM

Someone on here said a few hours ago that shorts had closed and reopened higher iiuc. Is that right? How can we track that?

Unsure about the shorts, but Bitstamp's sell order book seems to have done this, or alternatively has not been added too. At $3200 order book was saying 2800 hundred coins bought to reach $4400 (+35%) it is now saying 1600 coins bought to reach $5185 (+28%). Unfortunately, it is currently showing 1600 coins sold will take the price down to $3300 (-19%), where as when price was $3200 it said 2800 coins sold would bring it down only 4%
kingcolex
Legendary
*
Offline Offline

Activity: 2142
Merit: 1240



View Profile
December 20, 2018, 12:43:35 PM

Guys, another thing to look at regarding fundamentals are the new USD stable coins. These are considered "honest" and I think they will help show how the inflows of actual money into the market is going. This will be represented by their market cap, and it is currently looking very nice.
Gemini is as legitimate as it comes I can see their stable coin being a great one to track.
sirazimuth
Legendary
*
Offline Offline

Activity: 1862
Merit: 1495


born once atheist


View Profile
December 20, 2018, 12:43:41 PM

.....like the old one-legged prostitute of St Martin road at Paris  Cool


So was i told.

Ah yes, and apparently when she’s working the street and you need her services,
you simply drive up to her and holler “hop in!”.

So was I told.
Pages: « 1 ... 22113 22114 22115 22116 22117 22118 22119 22120 22121 22122 22123 22124 22125 22126 22127 22128 22129 22130 22131 22132 22133 22134 22135 22136 22137 22138 22139 22140 22141 22142 22143 22144 22145 22146 22147 22148 22149 22150 22151 22152 22153 22154 22155 22156 22157 22158 22159 22160 22161 22162 [22163] 22164 22165 22166 22167 22168 22169 22170 22171 22172 22173 22174 22175 22176 22177 22178 22179 22180 22181 22182 22183 22184 22185 22186 22187 22188 22189 22190 22191 22192 22193 22194 22195 22196 22197 22198 22199 22200 22201 22202 22203 22204 22205 22206 22207 22208 22209 22210 22211 22212 22213 ... 26470 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!