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

[ChartBuddy]

Explanation

[thefunkybits]

Double bottoms everywhere!!  


30 Minute


4 Hour

[fonzie]

[Kupsi]

How much of the asks at Stamp are real? I guess they will start to pull back soon.

[grappa_barricata]

this market is crazy

[abercrombie]

Relief rally, that the Apple Wallet announced at the Keynote is no threat.

[Newbie1022]

Each and every one of you owe me a thank you. I predicted that it was a trap and that we'd stall out around $470... now the rally is developing momentum. Obviously, the market does exactly the opposite of my posts. So, I am going to keep posting that the price must come down. I am doing it all for your sakes. Just saying.

Note: I am still bearish on the market, generally, albeit not so much on today. But, as I said above, that might be a great thing for everybody else.

[klee]

Final Bitcoin Capitulation - someone post the usual graph but inverted!

Where is Jaroslaw?

[derpinheimer]

How much of the asks at Stamp are real? I guess they will start to pull back soon.

All of them? Nothing has been pulled so far from the 11k of ask walls that have been put up since Aug 28. All sold. (Well, theres like 2-3k left scattered along to $520)

[Newbie1022]

Relief rally, that the Apple Wallet announced at the Keynote is no threat.

Yea... I think that might not turn out to be so true (not that it would be an existential threat, but that it might cut into potential newbies). But, that seems to be how the market is taking it, sure.

[grappa_barricata]

china is not following... for now

[grappa_barricata]

You know what i think? This is stop hunting, around the previous top of yesterday. Hence the big ask wall, hence the big market buy order.

[JimboToronto]

I'm not going to wear an iwatch or any other computer watch. I think apple is taking a misstep here imho.

when the ipad was announced:

everyone: "what do i need that for? lol"

six months later everyone had one, or at least a tablet of some sort.

My wife begged for a tablet.

Now I just use it to read comics.

I saw a few of them floating around the office as well about a year ago but I can't remember the last time I saw one being used in earnest. Just cause apple can still generate a bit of fad momentum doesn't mean much.

I could never see what the fascination with tablets was. They seemed to be just crappy netbooks without real keyboards and underpowered with ARM CPUs instead of real Intel x86.

I finally broke down and got a Nexus7 so I could get something that would fit in a shirt pocket. What a mistake. You can't do anything with it without linking it to an identity through a Google account. I couldn't even install drive mounting software or a file manager without rooting it first.

A couple of months ago I acquired a cheap Apple tablet which necessitated buying a proprietary cable to even reset it to factory condition. What a horror show. Not only did they want me to get an Apple account, I couldn't do anything without installing malware called iTunes. So I used a throwaway installation of Windows on an external SSD only to find I couldn't even transfer files from my PC to the tablet.

I finally found a tablet I can live with in the form of a Sony Xperia Z Ultra, without a SIM card. It has a reasonable (for ARM) quad-core CPU, 2 GB of RAM and an SDXC slot so I was able to up the internal storage to 144GB. It comes with robust drive-mounting and file management software, a 1080p display and is waterproof to 3 feet for 30 minutes.  

Best of all by not installing a SIM card, I've been able to maintain anonymity. I've never been to Google Play Store. All the software I've needed have been available as APK files to download in Windows and transfer to my tablet via cable.


The only reason I haven't sold the Apple to some sucker is that I enjoy the challenge of creating a pseudonymous identity so I can use the damn thing without giving any information to some nosy, snooping foreign corporation.

[inca]

Each and every one of you owe me a thank you. I predicted that it was a trap and that we'd stall out around $470... now the rally is developing momentum. Obviously, the market does exactly the opposite of my posts. So, I am going to keep posting that the price must come down. I am doing it all for your sakes. Just saying.

Note: I am still bearish on the market, generally, albeit not so much on today. But, as I said above, that might be a great thing for everybody else.

Why are you bearish when the market is clearly oversold, is a huge way down from ATH in a sea of good news that only a year ago would have been predicted impossible? Sentiment is a fluid thing, if we bust back up through into the 6xx's then watch it turn on a dime.

[KFR]

You know what i think? This is stop hunting, around the previous top of yesterday. Hence the big ask wall, hence the big market buy order.

Please, do go on.

[Newbie1022]

Each and every one of you owe me a thank you. I predicted that it was a trap and that we'd stall out around $470... now the rally is developing momentum. Obviously, the market does exactly the opposite of my posts. So, I am going to keep posting that the price must come down. I am doing it all for your sakes. Just saying.

Note: I am still bearish on the market, generally, albeit not so much on today. But, as I said above, that might be a great thing for everybody else.

Why are you bearish when the market is clearly oversold, is a huge way down from ATH in a sea of good news that only a year ago would have been predicted impossible? Sentiment is a fluid thing, if we bust back up through into the 6xx's then watch it turn on a dime.

Oversold in relation to the news, undersold in relation to the user base and potential for expansion. I just don't see that changing dramatically. But that's nothing against Bitcoin or its users... its just a guess about people. I think the overall steam has been lost.

The question, then, is whether that steam picks back up should we get a huge fluctuation in either direction (down = jump in on the steal of a lifetime v. up = get in while the getting's good). Maybe. Even that seems short-term.

I think most people who use Bitcoin are just gamblers and are losing their shirts on these shitty exchanges. So, I am bearish mid to long-term.

There are many great counterarguments, though.

Anyhow, enough of that... enjoy the rally and may it last long enough to help everybody cover their bills.

[grappa_barricata]

You know what i think? This is stop hunting, around the previous top of yesterday. Hence the big ask wall, hence the big market buy order.

Please, do go on.

I may be terribly wrong on this. 

[thefunkybits]

You know what i think? This is stop hunting, around the previous top of yesterday. Hence the big ask wall, hence the big market buy order.

Please, do go on.

I may be terribly wrong on this. 

Yes please elaborate...

Do you mean stop hunting shorts?

[Newbie1022]

You know what i think? This is stop hunting, around the previous top of yesterday. Hence the big ask wall, hence the big market buy order.

Please, do go on.

I may be terribly wrong on this. 

Yes please elaborate...

Do you mean stop hunting shorts?

That's what he means. If so, things are going to get very entertaining.

[grappa_barricata]

Yes please elaborate...

Do you mean stop hunting shorts?

I mean, hunting for stop orders (in this case: buy stop orders). Usually they tend to be concentrated on previous highs, especially if there are walls nearby.