Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30554. (Read 26710122 times)

legendary
Activity: 1512
Merit: 1005
There is buying 10-20 coins each 5 minutes or so, and it has been going on for half a day. Seems quite regular, could be someone trying to buy in while moving the price as little as possible. Mtgox-

Isn't that the ping-pong I mentioned earlier? My guess is that it is a trading robot that sells to itself, alternating between two prices that increase 1-2 USD every few minutes. Has been going on since 2013-12-30 with a few interruptions.

The transactions I am talking about, are only buys. The period is maybe 6-7 minutes. When I first noticed them they were indeed increasing by 1, 13-14-15-16-17-18-19 BTC, but now they seem to be random between 10 and 20. Still ongoing.
sr. member
Activity: 662
Merit: 250
I'm impressed by stamp's disregard for Gox's games, particularly in the last 24 hours.

edit: And moments later someone dumps on Stamp...
sr. member
Activity: 448
Merit: 250
A rise that is somewhat steady, slow enough to not yet be in parabolic bubble territory, but fast enough to be definitely visible.

Feels sort of like August. Lets hope for a repeat Smiley
legendary
Activity: 1680
Merit: 1045
Anyone any ideas on the weekend? Will there be a weekend dip as usual these last few weeks, or will it be bulls market?


action right now looks crazy bullish i think we can reach 900 before monday.

on stamp? mb on gox, but not stamp I'd say. that next week wednesday
full member
Activity: 223
Merit: 100
Anyone any ideas on the weekend? Will there be a weekend dip as usual these last few weeks, or will it be bulls market?
action right now looks crazy bullish i think we can reach 900 before monday.
Price from Dec 21st to today is a steady rise from 600 to 800.

I'm not selling anything, not one coin.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Anyone any ideas on the weekend? Will there be a weekend dip as usual these last few weeks, or will it be bulls market?


action right now looks crazy bullish i think we can reach 900 before monday.
full member
Activity: 224
Merit: 100
Anyone any ideas on the weekend? Will there be a weekend dip as usual these last few weeks, or will it be bulls market?
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
Bitstamp bid wall bulging.

Bitstamp led this push. I think more people love Bitstamp over Gox now!  Cheesy
full member
Activity: 126
Merit: 100
Just gained 2 more lite coins ohh yay Grin
full member
Activity: 126
Merit: 100
Your average sheep has a wife and kids and will be busy this weekend taking down xmas lights
sr. member
Activity: 252
Merit: 250
I would look for a relative volume spike when BTC is in a pullback around the level you are looking to enter.  Bottoms, both short term and long term are marked by relative volume spikes.  IS this always the case?  No, but it can help identify support at a certain level.
full member
Activity: 126
Merit: 100
I know no one can really say, but will it be safe to even buy at lets say 850
Bad idea prices will be falling over the weekend, have just began, prices will continue to rise come monday. Sell Friday, buy Monday, one of my personal bitcoin favorites
legendary
Activity: 2324
Merit: 1125
I know no one can really say, but will it be safe to even buy at lets say 850

Define safe. Can it go down? Yes.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I know no one can really say, but will it be safe to even buy at lets say 850

it wasn't safe to buy bitcoins at 0.75$

buying bitcoins isn't safe period the end.

its high risk high reward at all times.

the day its no longer risky is the day its no longer worth hodling
full member
Activity: 224
Merit: 100
I know no one can really say, but will it be safe to even buy at lets say 850
sr. member
Activity: 252
Merit: 250
Here's a 15 min snapshot:

hero member
Activity: 910
Merit: 1003
There is buying 10-20 coins each 5 minutes or so, and it has been going on for half a day. Seems quite regular, could be someone trying to buy in while moving the price as little as possible. Mtgox-

Isn't that the ping-pong I mentioned earlier? My guess is that it is a trading robot that sells to itself, alternating between two prices that increase 1-2 USD every few minutes. Has been going on since 2013-12-30 with a few interruptions.
legendary
Activity: 2478
Merit: 1362
Dring Dring, to the grocery !


legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This overnight move has legs.   We are in a major resistance zone though price action hasn't indicated it's respecting that yet.  We are also running into upper channel lines so we may have some consolidation in this area before moving higher


Consolidation? Fine. I would even recommend it while we get our breath back for next week.

too me, Consolidation appears to be over already

It would seem the first bottom catch was successful, we are now back on track to the moon !

I mean in a longer term view..

short term, of course we will have some consolidation before moving higher, every time the price spikes up
hero member
Activity: 910
Merit: 1003
What a blunder would that be. First buying at the top and then following that up by selling at breakeven just before the price goes way higher. People contemplating this should probably disallow themselves to sell ANYTHING within a year of buying it (although for non-crypto assets they should probably up that to 2 years).

Yes, some of those buyers may believe that the price will rise above 1200 "soon" and hold on to their coins. But if "soon" may be 1 year, it may also be  5 years, or never. Some of those buyers may prefer smaller but safer gains; some may have to repay loans or buy a car to replace the one they sold...

The point is that there may be as many as ~500 kBTC (from all exchanges) off the books, waiting for bids to build up in the 900-1200 range.
Jump to: