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

[bigasic]

can someone point to me the order books that people keep talking about?

[Newbie1022]

Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.

[adamstgBit]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

[bigasic]

Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.

How far do the sell order go? I understand that they can be taken off at any time, but it gives a good indication.. so there is s strong sell coming, ya think?

[bigasic]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

 I wish I could read em and make sense out of them..

[Newbie1022]

can someone point to me the order books that people keep talking about?

Bitstamp -- https://www.bitstamp.net/market/order_book/
Bitfinex -- https://www.bitfinex.com/pages/ll_order_book

See the tremendous depth throughout the $400 range. People could get scared and move those bids down, but barring another cascade... which doesn't happen until about 450... it won't happen. Also, it will be tough to droop to 450. Even so, it would take a lot to bump us out of the $400 range.

[bassclef]

Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.

Walls are chest-beating. Let's see how badly they really want cheap coins.

[Newbie1022]

Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.

How far do the sell order go? I understand that they can be taken off at any time, but it gives a good indication.. so there is s strong sell coming, ya think?

Mild. There is still some manipulation with the walls being moved in and out. These only end up resulting in about $5 swings. What you watch for, here, is if we crack $480... if we crack there then we'll bounce down another level. Given the depth of the order book, that may only be to $460 or $470.

We'll probably crack $480... it should stop in the next day or two around $460 or $440.

[adamstgBit]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

 I wish I could read em and make sense out of them..

its pretty simple ( shows bids and asks, the order book ) and fun to look at when you know what you're looking at.

tomorrow, i teach you.

to tired now...

[ChartBuddy]

Explanation

[Newbie1022]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

 I wish I could read em and make sense out of them..

If you have trouble making sense of the order book... cash out a small portion like a quarter and put low bids to hedge. You don't want to be making these decisions in real-time.

[Newbie1022]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

 I wish I could read em and make sense out of them..

If you have trouble making sense of the order book... cash out a small portion like a quarter and put low bids to hedge. You don't want to be making these decisions in real-time.

Actually, scratch that... price can't dip enough more... not really... just hold.

[Brewins]

So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?

Am I missing something? I don't see any dumping.

I'll help you:




I guess we will have new short term minimum by 10-11 hours from now, same hour as the last short term minimums records broken

[bigasic]

can someone point to me the order books that people keep talking about?

http://bitcoinity.org/markets/bitstamp/USD

 I wish I could read em and make sense out of them..

its pretty simple ( shows bids and asks, the order book ) and fun to look at when you know what you're looking at.

tomorrow, i teach you.

to tired now...

Ill take you up on your offer.. I hope the market makes me in a good mood:)  

talk to you tomorrow..

[Newbie1022]

So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?

Am I missing something? I don't see any dumping.

I'll help you:




I guess we will have new short term minimum by 10-11 hours from now, same hour as the last short term minimums records broken

BAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!

[freedomno1]

go hunting levered longs and then crash the market?  O_o

could it be? they're that crazy?

how can anyone sleep in times like these  

lack of volume on top of uncertaintly and lack of insurances...Wall Street is still on summer vacation!!!   ez\/

ya i know what you mean...

poeple need to HODL!

Guess the prediction was off nice try though Adam can't get them all the time
420 Is my Buy in Here so a bit lower lol.
Then I want to go to the moon

[rocks]

Im seriously thinking about cashing out and then rebuying with the bleeding stops. I truly believe it will go at least 50 dollars lower than it is now, but most of the time I have done that in the past, i got burned, glad i only sold a tiny bit and not the whole ball of wax... My wife told me to just leave them in cold storage, its not like I have a ton, but what i have now could put a nice down payment on a house or buy a very nice luxury car... Ive already lost 20k or so on paper the last couple days,  I just dont have the blood pressure to take this..

But, like Ive said before, Im in it for the long haul and need to remember that im betting on the future years down the road, not weeks or months.. Ill probably just hold, and ill come back here crying saying I should have sold... If I sold and it it dive, I would for sure buy back in.... but fuck it.. Ill just hodl....

You only lose money if you sell at a loss.

You don't need either a new car or a new house. If you have that many coins you also probably make enough money to live on and don't have any reason or need to sell at all.

Just put them in cold storage and leave them there.

Again the 20k loss over the past two days is only in your head if you were not planning to sell.

[adamstgBit]

Im seriously thinking about cashing out and then rebuying with the bleeding stops. I truly believe it will go at least 50 dollars lower than it is now, but most of the time I have done that in the past, i got burned, glad i only sold a tiny bit and not the whole ball of wax... My wife told me to just leave them in cold storage, its not like I have a ton, but what i have now could put a nice down payment on a house or buy a very nice luxury car... Ive already lost 20k or so on paper the last couple days,  I just dont have the blood pressure to take this..

But, like Ive said before, Im in it for the long haul and need to remember that im betting on the future years down the road, not weeks or months.. Ill probably just hold, and ill come back here crying saying I should have sold... If I sold and it it dive, I would for sure buy back in.... but fuck it.. Ill just hodl....

you're going to fit right in.

have a set it will be a while.

[adamstgBit]

if i wake up to anything lower than 490 i'm sending 5K.

[freedomno1]

if i wake up to anything lower than 490 i'm sending 5K.

Send it over here Adam rawr!  
Feel that bull rush
(Spending) Cough Cough