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

[natewelt]

Explanation

Can you explain this image?

I made an "Explanation" link under the image just for you. And just to be safe, I backdated it 9 months or so.

Ahhh I see the explanation link now. Thanks

[Richy_T]

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.

It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...

When both sides deepen as they have recently, it usually means there's a fight brewing.

[Jesus Christ]

This is all part of strategys from teh market manipulators aka Specialist aka whales play book of making $$$

Shhhh!! Come on dude!!

[adamstgBit]

just sayin...

DUH!

wtf did you think was gonna happen?

[NewLiberty]

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.

It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...

When both sides deepen as they have recently, it usually means there's a fight brewing.

Yes, when on the move, the side with the steeper wall tends to be the direction of movement.

[hdbuck]

wearing my short term bear suit back now for couple weeks.
http://buzzfil.com/article/113/c-mignon/32-ours-super-marrants-qui-se-comportent-comme-des-humains-2.html

[derpinheimer]

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.

It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...

When both sides deepen as they have recently, it usually means there's a fight brewing.

Yes, when on the move, the side with the steeper wall tends to be the direction of movement.

Other way around. Even moving, it is generally towards the side with a steeper incline. (More asks/bids)


Edit: looks like that was what you said..maybe? Disregard then

[NewLiberty]

just sayin...

DUH!

wtf did you think was gonna happen?

The Fed was chartered in 1913, arguably it wasn't the reserve currency for a while, and also arguably IMF SDRs should have their time in there, but is really just a basket of other national fiats currently.

And up until the last half century, each of these was merely a proxy for gold.

But... other than that yeah baby, CCMF

[NewLiberty]

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.

It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...

When both sides deepen as they have recently, it usually means there's a fight brewing.

Yes, when on the move, the side with the steeper wall tends to be the direction of movement.

Other way around. Even moving, it is generally towards the side with a steeper incline. (More asks/bids)


Edit: looks like that was what you said..maybe? Disregard then

Yes, thank you for restating it.  Price tends to move toward the steeper wall as it takes time for the orders to fill in behind the movement.

[shmadz]

ECB -> announced negative rates and market expecting QE to be announced in 20ish minutes. Get out of them Euro and into them BTC.

+1, did we just witness for one of the first time a macro-related move Yeah !

a major newssite called it the end of capitalism as we know it.

That's a load of sensationalistic journalism, there has been experiments with negative rates various places, though not on such a scale of course.

i don´t think this is sensationalistic journalism. it is the 5th year of the 2008 crisis and they have no other tool than this very last one. if it fails (and i think it will) what will they do next ?

Wealth Taxes and Savings Sequestration

side note:

has anyone seen the Atlas Shrugged, part 2 movie yet? highly recommended. it's like watching a glimpse of the future while seeing it happen all around you in real time,

(part 1 as well, of course, and yes, I think part 1 was better, but part 2 seemed a little more "in your face" and Rearden's trial was epic)

[ChartBuddy]

Explanation

[derpinheimer]

So does a steeper incline mean more bids/asks?
 
Is this image bullish because it shows huge support or bearish because it shows huge resistance? I am used to level 2 bid/ask with stock trading just never seen a bid depth like the one posted...

You have to take the image in context. It's a bit steep on the asks at the moment. If the price has just moved, that can mean different things. At the moment, it just means there's some resistance. But many bids get moved so it doesn't necessarily mean much overall.

It's fairly boring when things are static but when things start moving, you get to see a bit of the battle that's being played out. Bidwalls being eaten for breakfast, struggles, dumps, upsets, blood, sweat, tears, urine...

When both sides deepen as they have recently, it usually means there's a fight brewing.

Yes, when on the move, the side with the steeper wall tends to be the direction of movement.

Other way around. Even moving, it is generally towards the side with a steeper incline. (More asks/bids)


Edit: looks like that was what you said..maybe? Disregard then

Yes, thank you for restating it.  Price tends to move toward the steeper wall as it takes time for the orders to fill in behind the movement.

Right, sorry - misread your post initially.

[hmmmstrange]

has anyone seen the Atlas Shrugged, part 2 movie yet? highly recommended. it's like watching a glimpse of the future while seeing it happen all around you in real time,

(part 1 as well, of course, and yes, I think part 1 was better but part 2 seemed a little more "in your face" and Rearden's trial was epic)

Good news is you will only have to wait a couple months for part 3. Should be in theaters September.

[U.S. Treasury]

wearing my short term bear suit back now for couple weeks.
http://buzzfil.com/article/113/c-mignon/32-ours-super-marrants-qui-se-comportent-comme-des-humains-2.html

Short term? Boy, it's time to go long on USD. We're going to prove that in the coming days.

[alani123]

just sayin...

DUH!

wtf did you think was gonna happen?

Too soon.

No seriously though, saying that bitcoin will replace X in general sounds a bit dull to me.

[shmadz]

has anyone seen the Atlas Shrugged, part 2 movie yet? highly recommended. it's like watching a glimpse of the future while seeing it happen all around you in real time,

(part 1 as well, of course, and yes, I think part 1 was better but part 2 seemed a little more "in your face" and Rearden's trial was epic)

Good news is you will only have to wait a couple months for part 3. Should be in theaters September.

bullish.

[Raystonn]

ECB -> announced negative rates and market expecting QE to be announced in 20ish minutes. Get out of them Euro and into them BTC.

+1, did we just witness for one of the first time a macro-related move Yeah !

a major newssite called it the end of capitalism as we know it.

That's a load of sensationalistic journalism, there has been experiments with negative rates various places, though not on such a scale of course.

i don´t think this is sensationalistic journalism. it is the 5th year of the 2008 crisis and they have no other tool than this very last one. if it fails (and i think it will) what will they do next ?

Wealth Taxes and Savings Sequestration

side note:

has anyone seen the Atlas Shrugged, part 2 movie yet? highly recommended. it's like watching a glimpse of the future while seeing it happen all around you in real time,

(part 1 as well, of course, and yes, I think part 1 was better, but part 2 seemed a little more "in your face" and Rearden's trial was epic)

Bitcoin is Galt's Gulch.

[nanobrain]

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

[adamstgBit]

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

Goat own a lambo LTC and silver

Risto got goxed and spent half his coins on a  castle

scary?

[adamstgBit]

everything is going according to plan poeple

the decentralization of world domination  is happening right here right now