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

[TERA]

Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

[dreamspark]

Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

This. Still causes all the sheeple to panic dump infront though, literally everytime :/

[ihaveaquestion]

Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

Yes, obviously the whale is confident his wall will be eaten because we are in a bull market. In a bear market it would cause a drop and the recovery would be unlikely. Though i am not sure Saturday is the best day of the week to do so.

[dreamspark]

Seeing big walls on the ask is normal in bull markets. It implies that people can sell on the ask rather than dumping at market and aren't causing a panic of traders dumping at market.

Yes, obviously the whale is confident his wall will be eaten because we are in a bull market. In a bear market it would cause a drop and the recovery would be unlikely. Though i am not sure Saturday is the best day of the week to do so.

Why not? Last weekend was the start of this big leg up.

[edwardspitz]

Could it be someone arbitraging between Stamp and BTC-e?

[dreamspark]

Could it be someone arbitraging between Stamp and BTC-e?

Dont forget about the fiat transfer fee to btc-e. But yes entirely possible/

[ChartBuddy]

Explanation

[Richy_T]

Yeeeeehaw!


Que the, "Its happening gif."

 

"Cue" people, it's spelled "cue".

Que is

[BBmodBB]

Explanation

^snakes on a plane round 2!!! lmfao  

[RUEHL]

There is no TA in the Bitcoin market. The prices are controlled by whales who pump and dump how and when they like. And also by the news. 2 things the traders can't control or predict. All they can do is run behind it and hope they get lucky.

And that's exactly what you see most traders here do.

TA in Bitcoin is more pure, moreso than Wall Street and stocks.  Even with Willie and the Chinese trading bots, there is way more manipulation on Wall Street than in Bitcoin which makes it easier to read.  If you use TA correctly, it's the study of human mentality, jubilation, capitulation and breaking points.  This is a perfect example:

[ChrisML]

Did that wall just got bought?  

[Richy_T]

The laws of nature (assuming you know all of them perfectly, and we don't) are perfectly predicable,

Quantum physics and chaos theory say no.

[segeln]

TA in Bitcoin is more pure, moreso than Wall Street and stocks.  Even with Willie and the Chinese trading bots, there is way more manipulation on Wall Street than in Bitcoin which makes it easier to read.  If you use TA correctly, it's the study of human mentality, jubilation, capitulation and breaking points. 

you are absolutely right. But TA opponents do not know TA.What`s behind and how it is working
The bolded and underlined sentence is the beginning and the essence of understanding TA

[dnaleor]

Done - We are roughly looking at September 2015, unless we align during the March 2015 bubble cycle...

LOL, GREAT Post a donation address!

The only thing that could distort this model is that the number of pages in this thread will start an exponential trend

[BldSwtTrs]

The laws of nature (assuming you know all of them perfectly, and we don't) are perfectly predicable,

Quantum physics and chaos theory say no.

Chaos theory is still within a determinist framework.

[BBmodBB]

The laws of nature (assuming you know all of them perfectly, and we don't) are perfectly predicable,

Quantum physics and chaos theory say no.

= da lawls of nature!!!   

[Richy_T]

The laws of nature (assuming you know all of them perfectly, and we don't) are perfectly predicable,

Quantum physics and chaos theory say no.

Chaos theory is still within a determinist framework.

Quantum physics and chaos theory

[BBmodBB]

TA in Bitcoin is more pure, moreso than Wall Street and stocks.  Even with Willie and the Chinese trading bots, there is way more manipulation on Wall Street than in Bitcoin which makes it easier to read.  If you use TA correctly, it's the study of human mentality, jubilation, capitulation and breaking points. 

you are absolutely right. But TA opponents do not know TA.What`s behind and how it is working
The bolded and underlined sentence is the beginning and the essence of understanding TA

Tits and Donkey!!! heheehe 

[adamstgBit]

With all this good news coming out, and price still down 40% from ATH, its hard to imagine why someone would sell very much bitcoin at all, my price target of 800 is no joke, and is actually a low ball estimate given recent development, 800 target is just going to serve as a test of resistance and we will test this level in the coming days or weeks at most. I fear we are experiencing the last wave of retarded bears thinking they can buy back lower if they sell now ( yes bears are actually just overly greedy bulls ) once this wave is done selling we're going to experience some major liquidity problems on the ask side, only way we're going to get more sellers is by going above beyond people's price targets and enticing them to sell by offering higher prices than they deem reasonable. plus a climbing price will encourage holding / saving and increase demand! we have seen this before many times, the only difference now is that more poeple are watching.

its about to get wild people.

picture of rockets and moons will not cut it this time around.

[inca]

With all this good news coming out, and price still down 40% from ATH, its hard to imagine why someone would sell very much bitcoin at all, my price target of 800 is no joke, and is actually a low ball estimate given recent development, 800 target is just going to serve as a test of resistance and we will test this level in the coming days or weeks at most. I fear we are experiencing the last wave of retarded bears thinking they can buy back lower if they sell now ( yes bears are actually just overly greedy bulls ) once this wave is done selling we're going to experience some major liquidity problems on the ask side, only way we're going to get more sellers is by going above beyond people's price targets and enticing them to sell by offering higher prices than they deem reasonable. plus a climbing price will encourage holding / saving and increase demand! we have seen this before many times, the only difference now is that more poeple are watching.

its about to get wild people.

picture of rockets and moons will not cut it this time around.

Yes it is hard to believe we are still 40% down on ATH. I have loaded up so if we achieve ATH again this year it will be twice as sweet as last time