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

[chessnut]

lol and where did the big sell orders go??

the wolves are out to play. for the first time in ages Im ready to cry fake sell wall!

[fonzie]

Trend reversal delayed. Longs closed. Tempted to open shorts. 
Someone seriously has a shitload of coins to sell.

[windjc]

lol and where did the big sell orders go??

the wolves are out to play. for the first time in ages Im ready to cry fake sell wall!

Look like "fake" sell wall moved from 598 to sell at 580.

[JayJuanGee]

1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well.

If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not?

Wow I cannot even post a bullish TA now without getting flak?

FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital.

To me, that means that you have gotten 4,000 times return on your initial investment. 

Accordingly, if you started with $1,000, you now have $400,000. 

I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... .

[Erdogan]

Inspired by a recent altcoin with a novel inital distribution, I would consider donating half a bitcoin to be evenly distributed over the population of India. That would stick it to the man, don't you think?  

[Erdogan]

1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well.

If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not?

Wow I cannot even post a bullish TA now without getting flak?

FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital.

To me, that means that you have gotten 4,000 times return on your initial investment. 

Accordingly, if you started with $1,000, you now have $400,000. 

I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... .

Maybe he started with a very small capital because he didn't really believe in his own chart magic.

[MAbtc]

I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... .

Sure, there's luck. There's a lot of hard work as well. And most importantly, stop tolerance. I think many traders, especially on leverage, repeatedly take losses and bleed capital when the market moves against them, rather than waiting for their positions to play out. It's painful to continue holding losing positions -- but if you cannot tolerate it, you will be a losing trader. No one calls every top and bottom.

[roslinpl]

Just thinking was I right when was telling about my predictions for price upticks ... it is so unpredictable ...
And amazing!
♥ BTC

[billyjoeallen]

1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well.

If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not?

Wow I cannot even post a bullish TA now without getting flak?

FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital.

To me, that means that you have gotten 4,000 times return on your initial investment. 

Accordingly, if you started with $1,000, you now have $400,000. 

I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... .

It's a claimed 400X return, not a 4,000X return, but she pulls~ 10% fiat out every three months or so, so I suspect actual returns (which should be calculated to include those funds) are much lower. Correct me if I'm wrong, TERA.

[edwardspitz]

Please help me interpret what is going on at Huobi right now. There is a fair bit of volume, but the price is fixed at 3540. It looks very odd, like two dealers/bots cancelling each other out. It did the same thing last night between 2 and 3. It is as if someone has decided that 3540 is the perfect price to buy coins at. Or am I misinterpreting what is going on?

[JayJuanGee]

We think we have it tough...spend some time over at the auroracoin subforum...not fun

what's that supposed to mean? 

[chessnut]

Please help me interpret what is going on at Huobi right now. There is a fair bit of volume, but the price is fixed at 3540. It looks very odd, like two dealers/bots cancelling each other out. It did the same thing last night between 2 and 3. It is as if someone has decided that 3540 is the perfect price to buy coins at. Or am I misinterpreting what is going on?

I had trouble understanding a bug like that a few days ago at 3479. Huobi has had minor bugs since the ddos attack a few days ago. but my huobi chart on bitcoin wisdom is working just fine, it says the price is 3531.

[JorgeStolfi]

[ ... ] the anarchic pipedream of an unregulated global economy without banks and outside the reach of governments, laws and police is not only impossible to succeed, but would be a barbaric nightmare if it did.  

You make the claim "impossible to succeed" with no justification or consideration for the end goal of cooperation to produce surpluses for the benefits of all members.

I am not aware of any time in history, any place in the world, where a society of more than a dozen people  has survived for more than a couple of months without some sort of government, laws, and law enforcement.  Even chimpanzees have leaders and rules of behavior; so government is probably in our genes, and more fundamental to human nature than language and technology.

If a society ceases to have a functioning government,  and does not get another one quick enough, some neighboring society will promptly and forcibly lend its own.

Financial regulations in particular were created in response to economic collapses such as the crash of 1929.  Conversely, the bank disasters of recent times can be traced to the waves of deregulation that started with Reagan&Thatcher and were copied by neocon governments all over the world. 

Less law enforcement invariably has meant more crime.  Why would it be different in Bitcoinland?

There may have been already more bitcoin scams than honest businesses, and more goxed exchanges than exchanges still functioning.  This list is already impressive, yet it has not been updated since last november.  Now, very few of those crimes have resulted in any criminal cases.  So, why should the criminals stop?  Without laws and law enforcement, fraudster and thieves fare much better than people who respect others's property.

[JayJuanGee]

1D ichimoku seems to indicate that if $625 is or has been broken during/after NEXT week, then the trend has reversed. 3D MACD would probably agree as well.

If your charts, lines, mac d's etc would actually be working you would be a billionaire by now. You still don't understand why you're not?

Wow I cannot even post a bullish TA now without getting flak?

FYI I have outperformed the bitcoin market by 10,000%, meaning if I bought and held I'd be up 400%in fiat value, but instead I'm up 40,000%. The problem was I started with a very small capital.

To me, that means that you have gotten 4,000 times return on your initial investment. 

Accordingly, if you started with $1,000, you now have $400,000. 

I wished I could figure out how to get those kinds of returns, but I do NOT want to work too hard... I'm thinking that there's gotta be some luck involved, also... .

Maybe he started with a very small capital because he didn't really believe in his own chart magic.

That could be....       

I really suck at trading and I will admit it.  However, I tend to be pretty decent if I attempt to trade at .1BTC at a time or some small amount like that, and then as soon as I up my trades to 1 to 5 BTC, then I get screwed.. left behind in one direction or another.   

So I kind of gave up on attempting to trade b/c I thought that trading was taking way too much work to be trying to carry out .1BTC at a time.. (b/c the pay off with that amount is way to small as compared with how much time it takes to watch the market).  I am sure that there are various tricks to make this less time consuming, but I have NOT yet figured it out.

[derpinheimer]

We think we have it tough...spend some time over at the auroracoin subforum...not fun

what's that supposed to mean?  

[billyjoeallen]

[ ... ] the anarchic pipedream of an unregulated global economy without banks and outside the reach of governments, laws and police is not only impossible to succeed, but would be a barbaric nightmare if it did.  

You make the claim "impossible to succeed" with no justification or consideration for the end goal of cooperation to produce surpluses for the benefits of all members.

I am not aware of any time in history, any place in the world, where a society of more than a dozen people  has survived for more than a couple of months without some sort of government, laws, and law enforcement.  Even chimpanzees have leaders and rules of behavior; so government is probably in our genes, and more fundamental to human nature than language and technology.

If a society ceases to have a functioning government,  and does not get another one quick enough, some neighboring society will promptly and forcibly lend its own.

Financial regulations in particular were created in response to economic collapses such as the crash of 1929.  Conversely, the bank disasters of recent times can be traced to the waves of deregulation that started with Reagan&Thatcher and were copied by neocon governments all over the world.  

Less law enforcement invariably has meant more crime.  Why would it be different in Bitcoinland?

There may have been already more bitcoin scams than honest businesses, and more goxed exchanges than exchanges still functioning.  This list is already impressive, yet it has not been updated since last november.  Now, very few of those crimes have resulted in any criminal cases.  So, why should the criminals stop?  Without laws and law enforcement, fraudster and thieves fare much better than people who respect others's property.

It's quite a logical leap to go from needing leaders and rules of behavior to needing rulers, which is what monopoly governments are.

[JorgeStolfi]

Please help me interpret what is going on at Huobi right now. There is a fair bit of volume, but the price is fixed at 3540. It looks very odd, like two dealers/bots cancelling each other out. It did the same thing last night between 2 and 3. It is as if someone has decided that 3540 is the perfect price to buy coins at. Or am I misinterpreting what is going on?

I had trouble understanding a bug like that a few days ago at 3479. Huobi has had minor bugs since the ddos attack a few days ago. but my huobi chart on bitcoin wisdom is working just fine, it says the price is 3531.

Yes, bitconwisdom's owner confirmed that it is a bug in Huobi's server that reports the order book. Several consecutive bids at the top of the bid list get reported as if they were on the ask side, then moved back to the bid side whenever there is a trade, over and over. There are no trades corresponding to those moves.

[edwardspitz]

Please help me interpret what is going on at Huobi right now. There is a fair bit of volume, but the price is fixed at 3540. It looks very odd, like two dealers/bots cancelling each other out. It did the same thing last night between 2 and 3. It is as if someone has decided that 3540 is the perfect price to buy coins at. Or am I misinterpreting what is going on?

I had trouble understanding a bug like that a few days ago at 3479. Huobi has had minor bugs since the ddos attack a few days ago. but my huobi chart on bitcoin wisdom is working just fine, it says the price is 3531.

I was also looking at the chart on Bitcoinwisdom. The chart on https://www.huobi.com/ shows the same thing.

Here is the section that puzzles me:

Image here: http://imgur.com/EI1rtfK

As mentioned the graph on Huobi shows the same thing, so unless they also have a bug I find it a bit fishy. If this is a bug I don't think it is the same bug as the one with the bid list.

[aminorex]

about 800 coins moved on stamp in the dump, 250 on bfx.  price moved about 12$, recovered about half way so far, in an hour.  bfx lagging by 2-3$.  dump started with a hidden sell at 584, which lasted about 40 minutes.  then it lit up, started as a wall, fragmented and migrated down, taking out liquidity slowly enough so that bids retreated pretty sharply.

overall, roughly 10k btc are offered to 600 USD now.  bids on huobi lag by >=1%

[chessnut]

I was also looking at the chart on Bitcoinwisdom. The chart on https://www.huobi.com/ shows the same thing.

Here is the section that puzzles me:


As mentioned the graph on Huobi shows the same thing, so unless they also have a bug I find it a bit fishy.

Bitcoinwisdom has stated that the bug is on Huobi but that is the only data source they have so they must show the bug prices or nothing.

though I still see nothing fishy on bitcoin wisdom at the moment.