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

[magicmexican]

As i said, when someone suddenly dumps on huobi, expect the link to some "Chinese news" in 5~ hours or so poping up, works like a clock

[billyjoeallen]

Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?

There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.

What's that mean, exactly? 

I thought that you were all in Fiat at $456 or $458 or something like that. 

So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?   

Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.

A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.


That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox.  I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.

[Adrian-x]

Post some shit in Chinese
Wait for panic and fear
PROFIT

Repeat 

you have to use a .jpg otherwise someone will cut and past into Google translate.

[adamstgBit]

Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?

There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.

What's that mean, exactly? 

I thought that you were all in Fiat at $456 or $458 or something like that. 

So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?   

Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.

A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.


That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox.  I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.

dont look at the wall, there's MASSIVE support under 400 its just not shown,

i have no bids under 400

but i will buy under 400 if we go there.

[fonzie]

[lemonte]

This China stuff was posted hours ago and was removed shortly after according to : https://twitter.com/BitInvest

Stinks of BS to me.

[igorr]

Just shorting, I hope you will make big profits.

[fonzie]

Just shorting, I hope you will make big profits.

MAX SHORTAGE MAX PROFIT

It´s not to late to be an early adopter of BTC shorting 
We are the new wealty ELITE!

[fonzie]

This China stuff was posted hours ago and was removed shortly after according to : https://twitter.com/BitInvest

Stinks of BS to me.

What about this?

https://twitter.com/BitInvest/status/453893050201153536/photo/1

Edit: I know it´s tempting but plz everyone don´t spread bullish FUD right now!

Edit2: 

[magicmexican]

^ i see the attention whore going full retard again

[adamstgBit]

the thing is china banning all of bitcoin is not the end of bitcoin, its not even the end of bitcoin in china!

bitcoin will be underground in china big deal

thats all been priced in, if you sell now because china, you can't trade

[jonoiv]

Just shorting, I hope you will make big profits.

MAX SHORTAGE MAX PROFIT

It´s not to late to be an early adopter of BTC shorting 
We are the new wealty ELITE!

What software / exchange do you use to short?  can you do it on metatrader via btce?

[fonzie]

Just shorting, I hope you will make big profits.

MAX SHORTAGE MAX PROFIT

It´s not to late to be an early adopter of BTC shorting  
We are the new wealty ELITE!

What software / exchange do you use to short?  can you do it on metatrader via btce?

Yes via Metatrader on BTC-e or quick and easy with leverage on Bitfinex, they are workin through Bitstamp´s orderbook

[ChartBuddy]

Explanation

[fonzie]

Can we expect some solid?

[Hypnoise]

the thing is china banning all of bitcoin is not the end of bitcoin, its not even the end of bitcoin in china!

bitcoin will be underground in china big deal

thats all been priced in, if you sell now because china, you can't trade

when something banned, price go up. not bad at all

[JayJuanGee]

Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?

There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.

What's that mean, exactly? 

I thought that you were all in Fiat at $456 or $458 or something like that. 

So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?   

Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.

A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.


That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox.  I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.

Why would anyone put in orders below $400, when the probability of such seems so low and also, seems that they have to get through the supra $400 walls first?   

And, the truth of the matter, seems to be a broken record repeated theme that NONE of us really knows which way it is gonna go.  We seemed to have gotten another $10 squeeze downward this morning, which caused me to buy a little more. I would be very surprised to see anything much below $420 - for more than a flash crash... ... but, yep, anything remains within the realm of possibilities.... including the suggestion that something fishy is up.. especially, if we have a mini dump .. and suspecting something else will follow from that.

[fonzie]

[fonzie]

Was fonzie du bist ein Deutscher?

I just admire their art of brewing beer and playing football.

Edit:


我只是很佩服釀造啤酒和踢足球的他們的藝術。(sell sell sell)

[lemonte]