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

[ChartBuddy]

Explanation

[empowering]

Watch out... thread police ! runnnnn

[JimboToronto]

This thread could be a collection of missed calls
With so many many many pages on speculation
I wonder how many times it was right lol.

Great question! Now that would be a time consuming study. I'd have to unblock a whole heap of users to do that, not that I will 

That's why I avoid using the ignore function except in one case of extreme arrogance and cluelessness. Even then I'll occasionally peek because I consider the ignore function to be a bit of an ostrich with its head in the sand.

Also, sometimes trolls can be funny.  

[freedomno1]

This thread could be a collection of missed calls
With so many many many pages on speculation
I wonder how many times it was right lol.

Great question! Now that would be a time consuming study. I'd have to unblock a whole heap of users to do that, not that I will 

Looks at total pages 9364
Deduct Chartbuddy from this equation - 586 Pages
8788 Pages of Pure Speculation and talking heads to go through needs an interpretation bot 

[Davyd05]

cup formed will the handle follow with profit taking?

4h stamp

I like the look of the 1week candles for arbitrary reasons

what say you observers? is the cup more of a saucer

[ChartBuddy]

Explanation

[edwardspitz]

this chart literally PROVES the next few hours are critical! 

You can draw lines to make every second critical but depends on what tf you really care about... end of day only indicator you need is volume.

I think volume can be totally misleading sometimes. This is unfortunate because it is the most important indicator and because other technical indicator rely on it. I think "Wash trading" is a lot more common than we think... even on some exchanges that have fees.

“Wash trading is a very big deal in traditional finance, but in bitcoin-land, I could just say I traded $1tn in bitcoin derivatives yesterday, but if you’re stupid enough to believe me, then go ahead.”

http://www.coindesk.com/chinese-markets-dominance-poses-questions-global-bitcoin-trading-flows/

Another problem is high volume events where a trader will buy or sell into his own orders  in order to cause panic.

I think it is a problem and that it could be avoided (to some extent) if each trader could be identified with a code like in the stock markets. It could still be totally anonymous.

[Bagatell]

That's why I avoid using the ignore function except in one case of extreme arrogance and cluelessness. Even then I'll occasionally peek because I consider the ignore function to be a bit of an ostrich with its head in the sand.

Also, sometimes trolls can be funny.  

Life's too short imo and they usually get quoted anyway.

[FNG]

$370.01   1063.40043320   $393,468.79
$370.00   1404.37549560   $519,618.93

[JimboToronto]

Here we go again?

[macsga]

$376 now on stamp. Looks like the train is coming...  

[mmitech]

short term looks bullish...

[ChartBuddy]

Explanation

[cech4204a]

Choooooo


Grab my hand, grab my hand, oh noes, too late :-)

[tarmi]

go go go noobs

buy into major resistance

[FNG]

Bitfinex jumping ahead of Stamp by $5...how are your shorts doing?

[JimboToronto]

go go go noobs

buy into major resistance

 

[JimboToronto]

That's a nasty looking triple top

Maybe you'd prefer this:

[gizmoh]

That's a nasty looking triple top

Patience, Resistance is futile.

[tarmi]

That's a nasty looking triple top

Patience, Resistance is futile.

yes, especially when you are all in bitcoin.