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

[fonzie]

Just got an "This web page is under heavy load and not available" from Bitfinex when i tried to check the stats. It´s working right now as i´m typing. Be prepared for more DDOS and i hope everyone has set his stop loss tight.  


(Thank god i removed my funds weeks ago... )

Edit:  I almost forgot the joy of spreading FUD  

[fonzie]

What´s up with the USD swaps supply on Finex
Lenders have left the building?

[derpinheimer]

What´s up with the USD swaps supply on Finex
Lenders have left the building?

This is bearish right? Also the walls look like they are about to be tested on Bitstamp and BFX simultaneously..

[BitAddict]

What´s up with the USD swaps supply on Finex
Lenders have left the building?

They probably prefer to have their USD ready in case there is a bitcoin breakout at the $400-$430 level next week. Remember most of USD lenders in Bitfinex are bitcoiners.

This is bearish right? Also the walls look like they are about to be tested on Bitstamp and BFX simultaneously..

If no one wants to lend USD, because prefer to use it to be ready to buy bitcoin, it is bullish.

[adamstgBit]

well this is interesting!

 testing the wall now

[fonzie]

What´s up with the USD swaps supply on Finex
Lenders have left the building?

This is bearish right? Also the walls look like they are about to be tested on Bitstamp and BFX simultaneously..

I´m not really sure how to interpret this, maybe some of them left due to the low interest rates, maybe some decided to rather buy BTC than lend as it felt down to 300$, maybe some of them don´t like to trust their money to an exchange anymore....
Bitfinex had a few bugs/glitches in the last weeks and also nearly stoppped communicating in their thread on bct a while ago.

[fallinglantern]

testing the wall now

[fonzie]

Magical hand prevents wall from getting touched.

[YogoH]

Magical hand prevents wall from getting touched.

yes very interesting

[YogoH]

where are the dumpers now?  Its your chance for no slippage

[fallinglantern]

where are the dumpers now?  Its your chance for no slippage

plot twist: the bearwhales are the ones making the bidwalls.

[NotLambchop]

where are the dumpers now?  Its your chance for no slippage

Not enjoying the show?

[ChartBuddy]

Explanation

[Raystonn]

30,000 BTC sell wall gets bought up in hours, with constant buying throughout its existence.
3,000 BTC buy wall doesn't get sold into at all.

Bullish.

[Blazin604]

http://youtu.be/xArG9TFLbWA?list=PLGw-hF2Hv2cuPI8Oae0N2zP2zB5EXlngi

http://youtu.be/GeL79ALVcbY?list=PLGw-hF2Hv2cuPI8Oae0N2zP2zB5EXlngi

[derpinheimer]

30,000 BTC sell wall gets bought up in hours, with constant buying throughout its existence.
3,000 BTC buy wall doesn't get sold into at all.

Bullish.

Yes and no.

The 30k wall was during a plunge. So, very low price and lots of sellers needing back in.

If the guy had bought up to $420 or so and placed a 3k wall? It would probably get eaten.

[solex]

Couldn't take it anymore, had to make an account so I could ignore the ripple guy.

LOL. Best first post ever!

[StoraGottes]

Mah is the reason I opened my account last winter as well. The Ignore button is a powerful incentive to sign up

[derpinheimer]

1BTC sell bot now running alongside 0.05BTC sell bot.

Wall being tested.

3104

To bears:

[Raystonn]

There is no selling pressure.  Buying pressure currently exists only as a buy wall.  But the wall is real.  It was not pulled when touched.  Some of that wall may eventually be turned into a market buy due to lack of selling.