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

[fonzie]

Never forget:

Bitstamp:


Whole bid volume
11,146,031.76 USD

Ratio
1 : 2.83


Bitfinex:

Total sum of active swaps
USD    15,794,084.87 USD

 

[derpinheimer]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

Easier to do it by making all the USD sums the same or all the BTC sums the same.

He (or, possibly someone else with that same amount- no guarantee) has a 115.98btc ask as well, so they are probably just trying to flip for a quick profit.

[kurious]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

Easier to do it by making all the USD sums the same or all the BTC sums the same.

He (or, possibly someone else with that same amount- no guarantee) has a 115.98btc ask as well, so they are probably just trying to flip for a quick profit.

One alternative theory...   as Bobby Lee suggested in a discussion at Coinsummit, it is a 'possible way' the exchange can make the order book look fatter than it is, and these coins all disappear as the price nears them.

He was suggesting this is how dodgy exchanges boosted the books (and price).  It was in response to questions about 'fake volume' in China.  He said it was the reason you saw Litecoin drop to a dollar at one point recently.  A market sell order dropped in and all the 'fake' coin buys under the price disappeared as they were nearly hit, meaning an apparently 'freak' crash happened (there were far less coins to sell into than it appeared).

But of course, 'Western' exchanges would never do things like bolstering prices like that.

[roslinpl]

Explanation

Promising ... much better than a chart from -12h.

But this is now impossible to predict what would be next.
So far I was predicting that price will go up from it was 480$...
And now I dunno what would be next.

[cbutters]

can we ban fonzie yet? I know most have him on ignore and I do too, but he is LITERALLY in every single thread today spouting nonsense. I know he posts normally now and then, but today is ridiculous and everyone keeps quoting him. he must be short and trying to get the market to crash any way he can.

[fonzie]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

Easier to do it by making all the USD sums the same or all the BTC sums the same.

He (or, possibly someone else with that same amount- no guarantee) has a 115.98btc ask as well, so they are probably just trying to flip for a quick profit.

One alternative theory...   as Bobby Lee suggested in a discussion at Coinsummit, it is a 'possible way' the exchange can make the order book look fatter than it is, and these coins all disappear as the price nears them.

He was suggesting this is how dodgy exchanges boosted the books (and price).  It was in response to questions about 'fake volume' in China.  He said it was the reason you saw Litecoin drop to a dollar at one point recently.  A market sell order dropped in and all the 'fake' coin buys under the price disappeared as they were nearly hit, meaning an apparently 'freak' crash happened (there were far less coins to sell into than it appeared).

But of course, 'Western' exchanges would never do things like bolstering prices like that.

Interesting, especially the conjunction to the LTC drop. That makes a lot of sense now. Thanks

[fonzie]

can we ban fonzie yet? I know most have him on ignore and I do too, but he is LITERALLY in every single thread today spouting nonsense. I know he posts normally now and then, but today is ridiculous and everyone keeps quoting him. he must be short and trying to get the market to crash any way he can.

Just burn the books, kill the commies. Let´s get rid of all these annoying problems.

[cee-euros]

china attempting pump again, the west unfazed. good to see

[adamstgBit]

[windjc]

Never forget:

Bitstamp:


Whole bid volume
11,146,031.76 USD

Ratio
1 : 2.83


Bitfinex:

Total sum of active swaps
USD    15,794,084.87 USD

 

Do you have buy orders set with your shorts Fonzie or do you have a number you are waiting for?

[fonzie]

Never forget:

Bitstamp:


Whole bid volume
11,146,031.76 USD

Ratio
1 : 2.83


Bitfinex:

Total sum of active swaps
USD    15,794,084.87 USD

 

Do you have buy orders set with your shorts Fonzie or do you have an number you are waiting for?

I´m long term shorting.

25% will be closed @360
25%  "                 @310
25% "                  @255
25% "                   @200

stop loss for my shorts is actually @ 519

[edwardspitz]

can we ban fonzie yet? I know most have him on ignore and I do too, but he is LITERALLY in every single thread today spouting nonsense. I know he posts normally now and then, but today is ridiculous and everyone keeps quoting him. he must be short and trying to get the market to crash any way he can.

Just burn the books, kill the commies. Let´s get rid of all these annoying problems.

I don't think Fonzie wants the market to crash and I don't see him campaigning against Bitcoin outside of these forums. I think Fonzie has has benefited many people on this forums whether they will admit to or not. Just understand his perspective.

[windjc]

Never forget:

Bitstamp:


Whole bid volume
11,146,031.76 USD

Ratio
1 : 2.83


Bitfinex:

Total sum of active swaps
USD    15,794,084.87 USD

 

Do you have buy orders set with your shorts Fonzie or do you have an number you are waiting for?

I´m long term shorting.

25% will be closed @360
25%  "                 @310
25% "                  @250
25% "                   @200

stop loss for my shorts is actually @ 519

I have my shorts scattered from 426 - 406 at $2 intervals.  If figured the market would peck away from $425-$400 and swing back up a few times. So the market closed out 5 of my 10 positions last night. Before I went to bed, I then open 3 more shorts at each of the 3 Fib retracement levels. I woke up, two were hit, one missed by a $1.

So its rinse and repeat for me until we get to 405ish - where I expect we will have a final battle. I'll decide where to go from there.

[adamstgBit]

I´m long term shorting.

lmao

[nrd525]

can we ban fonzie yet? I know most have him on ignore and I do too, but he is LITERALLY in every single thread today spouting nonsense. I know he posts normally now and then, but today is ridiculous and everyone keeps quoting him. he must be short and trying to get the market to crash any way he can.

How is the possible liquidation of long positions on Bitfinex, and thus a corresponding decline in the market, "nonsense"?


btw - I'm long.

[fonzie]

I have my shorts scattered from 426 - 406 at $2 intervals.  If figured the market would peck away from $425-$400 and swing back up a few times. So It closed out 5 of my 10 positions last night. Before I went to bed, I then open 3 more shorts at each of the 3 Fib retracement levels. I would up, two were hit, one missed by a $1.

So its rinse and repeat for me until we get to 405ish - where I expect we will have a final battle. I'll decide where to go from there.

That´s a good strategy, i did similar between the 720-550$ ping pong time , but i don´t have the time and energy to watch the market that close right now. And i think a drop to 250$ could happen anytime now, so i wan´t to be all in with shorts when the time comes.

[klopper]

[chessnut]

stop loss for my shorts is actually @ 519

Thats not what I'd call long term shorting. 519 will be too easy to break.

[adamstgBit]

i think a good few people need to read this
http://www.reddit.com/r/Bitcoin/comments/2241p6/china_april_15th_summary_some_facts_between_lots/

very good summary
we've been getting it in bits and pieces as the news's came in
some traders here have reported they are not willing to trade with such uncertainty in the air, so i think we have pretty much priced out china now.

[mah87]

I´m long term shorting.

lmao

Bad news are gone ! Time to plunge to 200$ ? what do you think adam ?