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

[ChartBuddy]

Explanation

[Jesus Christ]

You are the Son of God. You could just read minds. Otherwise I am calling you out as Fake Jesus

Woah buddy, no need for name calling. Pretty sure this forum isn't about religious persecution. I'm just here for the bull rally.

[Gingermod]

Explanation

uwot m8

[aminorex]

I used to compute the "impulse" that brought us to 1163 by the mean of (1163,382) , but bitcoin works better with a log scale, thus the use of the geometric mean that magically leads to 666.

It just means to me that we are still under the influence of that pulse, and nothing really new happend in between.

It's a logarithmic 50% retracement.

[keithers]

It's great that we have stabilized off in a pretty tight range in the 650-666 prices. This means that we should at least be able to sustain current levels. I think we will be on the rise again soon...

[Jesus Christ]

Go to Heaven

Can't, all I know is Dad is trying to integrate the block chain into the place somehow. He's bullish too.  

But we're cool though, everyone makes mistakes (myself excluded).

[watcoin]

Go to Heaven

Can't, all I know is Dad is trying to integrate the block chain into the place somehow. He's bullish too.  

But we're cool though, everyone makes mistakes (myself excluded).

You have been pwned. Your Dad is Satoshi. He has been playing you.

[bitebits]

Time to buy @660, it is about to go UP!

[aminorex]

...Metcalfe...exponential...

The N^2 approximation is called "quadratic".  The "exponential"  factor derives from modeling N = r*exp(t)+k, for some r and k.  N^2 is from metcalfe.  Thus the exponential component is not derived from metcalfe.

[bangersdad]

theres been some great dumping of NXT today.

[aminorex]

Monkey thinks 683 in 8 hours.

[rpietila]

I used to compute the "impulse" that brought us to 1163 by the mean of (1163,382) , but bitcoin works better with a log scale, thus the use of the geometric mean that magically leads to 666.

It just means to me that we are still under the influence of that pulse, and nothing really new happend in between.

It's a logarithmic 50% retracement.

And 680 is the standard 61.8% retracement. No wonder we are gathering steam 'round here.

[Cassius]

theres been some great dumping of NXT today.

Indeed. Not too surprising, though. Despite all the good news about, I don't blame people for taking a tidy profit at $0.1.

[watcoin]

I used to compute the "impulse" that brought us to 1163 by the mean of (1163,382) , but bitcoin works better with a log scale, thus the use of the geometric mean that magically leads to 666.

It just means to me that we are still under the influence of that pulse, and nothing really new happend in between.

It's a logarithmic 50% retracement.

And 680 is the standard 61.8% retracement. No wonder we are gathering steam 'round here.

But always remember that steam rises off bullshit when it is cold outside.

[rpietila]

Despite lulz, that was a swift ignore.

[aminorex]

Anything thats missing from Bitcoin can be implemented if the community is in agreement.

Now that is a complete and categorical falsehood.

[ChartBuddy]

Explanation

[JayJuanGee]

We're about to find out if this 1,200 BTC wall is real on Stamps

Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead.

Who knows... maybe the Chinese will buy that wall for us.

There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.

My understanding is that the wall placer does NOT necessarily personally profit by participating in orders below the wall, but instead profits when s/he pulls the wall and then is able to cause considerable movement above the wall and the wall may have deterred some from placing orders above the wall.. and thus the wall placer is able to manipulate larger movement in BTC prices by removing the wall.... especially removing it in cases in which momentum is then created. 

I am sure that there are other ways to profit as well from such walls.. including causing the prices to move in the opposite direction for some time.

[MoreFun]

Looks like someone is dumping small amounts (few tens of BTC) between $655 and $660 everytime we go over $660. Stamp and finex.

[bigasic]

looks like that btc address that contained 177k coins is on the move..

https://blockchain.info/address/1AZVcgGjb64XYzmAXwQyWCmvsZriQoiJw

I was wondering when the govt was going to start doing something  with those coins..