Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21959.

Fatman3001

legendary

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Make Bitcoin glow with ENIAC

Quote from: ElectricMucus on April 19, 2015, 01:44:24 PM

Quote from: Fatman3001 on April 19, 2015, 01:21:24 PM

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

I doubt they have the equipment or even the prerequisites to install AC units in that scale.

A lot can be done with some fans and wet corrugated paper. But it still draws electricity.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: inca on April 19, 2015, 01:16:53 PM

Quote from: damiano on April 19, 2015, 01:13:00 PM

Quote from: bassclef on April 19, 2015, 10:52:43 AM

Quote from: inca on April 19, 2015, 05:06:53 AM

Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.

I think there's a bit more downside (sorry guys). Technically things aren't looking great unless you can call this low volume chopping around a bottom--I can't. 3d macd solidly in the red. Daily chart bear flag in the works looking a bit foreboding. Whales seem intent on getting a panic shakeout near 200s or lower. Save your longs until then when everyone's freaking out.

All this chopping around from 220-230 is fake. The people who do get caught in the middle are those who are buying those shorts.

Thursday show @230 I gotto admit was pretty good.

Since we have gone from 22000 to 29200 shorts in a few days and the longs havent moved, whilst the price has risen, I would agree it is fake but not in the way you suggest. Borrowed selling and real buying by the looks of things.

I think the analysis of shorts vs longs is useful to know but overused to predict price. Shorts were at ATHs and the market still went down; conversely for longs. Market moves on supply and demand and not much else and those with the most coins and $$$ have the largest effect on price. They still have risk and need to make money so this will push the market in the direction of least resistance, or where obvious technicals point (often this is the same). Whales respect good, time-tested TA (volume, trends, support & resistance, MAs) just as other traders do. This is important as many of them are quite good.

Shorts vs longs may tell a good story but is more of a metric to see how many traders are entering the market to profit than anything else.

galdur

hero member

Activity: 616

Merit: 500

Quote from: Fatman3001 on April 19, 2015, 01:40:00 PM

Quote from: galdur on April 19, 2015, 01:29:43 PM

Quote from: Fatman3001 on April 19, 2015, 01:21:24 PM

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

Yeah. Well, my thory has been that if the market believes that bitcoin has a future it won´t let it drop far enough to make most mining dubious. And with it the blockchain. Thus, the bottom at 220 or so, apart from those five second 210 and 215 blips.

The volume isn't here though. We have to move soon, my bottom is clenched.

I thought earlier that it had formed a solid support at 240-250 and I think it´ll crawl back to there. Although the volume is always weak, bitcoin has this persistent and annoying buying from tons of small bulls. Annoying that is to those few and relatively big bears that have played it down (and of course sometimes up while they cover) for over a year now.

Bitcoin has twice tried for 300 in the last three months or so. A third isn´t too far fetched in the short to intermediate trem. We´ll see. Good luck, g

Bitcoin Buyer Reload

full member

Activity: 154

Merit: 100

why is the price getting stuck under 230. it was better when it was moving 245-255. had more option for market revenue.

i have noticed a slight decrease in btc users. most of the people are hitting for an alt that has a good marketing.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Fatman3001 on April 19, 2015, 01:21:24 PM

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

I doubt they have the equipment or even the prerequisites to install AC units in that scale.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: galdur on April 19, 2015, 01:29:43 PM

Quote from: Fatman3001 on April 19, 2015, 01:21:24 PM

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

Yeah. Well, my thory has been that if the market believes that bitcoin has a future it won´t let it drop far enough to make most mining dubious. And with it the blockchain. Thus, the bottom at 220 or so, apart from those five second 210 and 215 blips.

The volume isn't here though. We have to move soon, my bottom is clenched.

bobdude17

sr. member

Activity: 454

Merit: 250

Quote from: fred930 on April 19, 2015, 01:27:59 PM

Quote from: bobdude17 on April 19, 2015, 01:23:46 PM

Coinbase wall down.
Whats going on

Sometimes big walls get pulled once people start buying/dumping into them, and sometimes they seem to get pulled for no reason. They are probably often put there just for show.

Not just the bid wall I think. Quite a few ask walls came down with it.

galdur

hero member

Activity: 616

Merit: 500

Quote from: Fatman3001 on April 19, 2015, 01:21:24 PM

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

Yeah. Well, my theory has been that if the market believes that bitcoin has a future it won´t let it drop far enough to make most mining dubious. And with it the blockchain. Thus, the bottom at 220 or so, apart from those five second 210 and 215 blips.

fred930

member

Activity: 65

Merit: 10

Quote from: bobdude17 on April 19, 2015, 01:23:46 PM

Coinbase wall down.
Whats going on

Sometimes big walls get pulled once people start buying/dumping into them, and sometimes they seem to get pulled for no reason. They are probably often put there just for show.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: bobdude17 on April 19, 2015, 01:23:46 PM

Coinbase wall down.
Whats going on

Apply a lube of your choosing

bobdude17

sr. member

Activity: 454

Merit: 250

Coinbase wall down.
Whats going on

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: galdur on April 19, 2015, 01:00:34 PM

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

It took a month to go from 20b to 30b. We crossed 40b at Nov 18, 2014 and we still haven't crossed 50b. That should tell you something about how squeezed miners are atm. And when summer comes many of them will have to look at costs connected to cooling those machines vs just turning them off.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: damiano on April 19, 2015, 01:13:00 PM

Quote from: bassclef on April 19, 2015, 10:52:43 AM

Quote from: inca on April 19, 2015, 05:06:53 AM

Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.

I think there's a bit more downside (sorry guys). Technically things aren't looking great unless you can call this low volume chopping around a bottom--I can't. 3d macd solidly in the red. Daily chart bear flag in the works looking a bit foreboding. Whales seem intent on getting a panic shakeout near 200s or lower. Save your longs until then when everyone's freaking out.

All this chopping around from 220-230 is fake. The people who do get caught in the middle are those who are buying those shorts.

Thursday show @230 I gotto admit was pretty good.

Since we have gone from 22000 to 29200 shorts in a few days and the longs havent moved, whilst the price has risen, I would agree it is fake but not in the way you suggest. Borrowed selling and real buying by the looks of things.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: bassclef on April 19, 2015, 10:52:43 AM

Quote from: inca on April 19, 2015, 05:06:53 AM

Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.

I think there's a bit more downside (sorry guys). Technically things aren't looking great unless you can call this low volume chopping around a bottom--I can't. 3d macd solidly in the red. Daily chart bear flag in the works looking a bit foreboding. Whales seem intent on getting a panic shakeout near 200s or lower. Save your longs until then when everyone's freaking out.

All this chopping around from 220-230 is fake. The people who do get caught in the middle are those who are buying those shorts.

Thursday show @230 I gotto admit was pretty good.

Shatoshi

newbie

Activity: 28

Merit: 0

Man, bitfinex slapped me around last night and some change fell out of my pocket. Cry

A bunch of my posts where I mocked scam coins were deleted.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Quote from: derpinheimer on April 19, 2015, 12:56:16 PM

With the amount of shorts and longs... Are we not at the point where any movement will result in a squeeze? Aka rocket or retarded rocket?

I still think we're gonna creep up on 260ish, not sure how many shorts will get pinched in the process. I just wonder if we have to stoop lower in order to get back there.

galdur

hero member

Activity: 616

Merit: 500

Well, difficulty down substantially it seems.

Estimated Next Difficulty: 47,606,427,273 (-3.72%)
Adjust time: After 3 Blocks, About 31.5 minutes

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

derpinheimer

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With the amount of shorts and longs... Are we not at the point where any movement will result in a squeeze? Aka rocket or retarded rocket?

noobtrader

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Merit: 1000

Quote from: soullyG on April 19, 2015, 12:28:53 PM

BAM! AND MY POST IS GONE Grin

Quote

You have just been sent a personal message by Bitcoin Forum on Bitcoin Forum.

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The message they sent you was:

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

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Some volume appearing on Finex..

(Let's see if this gets deleted lol)

yes some selling volume on finex, but im waiting for some buying volume... 225 is not a pump, maybe its just a test pump. still hoping that 300 usd price by monday.

Wink

PS : i only got 1 post deleted so far

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21959. (Read 26609240 times)