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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24590. (Read 26713440 times)

legendary
Activity: 1106
Merit: 1007
Hide your women
So I wonder what Professor Bitcorn is going to say about this? How many bears were force liquidated today? I smoked 2 packs of cigarettes.
legendary
Activity: 2338
Merit: 1035
maybe I sound pretty stupid, but can anyone explain me quick  what

that indicator tells me "MACD"
https://en.wikipedia.org/wiki/MACD

(Ahem, I cannot resist pointing out that I helped edit that article, a few months ago. Smiley)

Still looks like a coiled spring to me.

God help us.

What does it mean?
legendary
Activity: 896
Merit: 1000
Up $13 in the last 8 minutes on Huobi  Shocked
sr. member
Activity: 280
Merit: 250
I for one, welcome our new Chinese overlords
legendary
Activity: 1159
Merit: 1001
Hitler sells all his Bitcoins   Cheesy

Hitler fears the market will crash, and sells all his Bitcoins.

https://www.youtube.com/watch?v=alc0gG0u48M
legendary
Activity: 1512
Merit: 1000
@theshmadz
maybe I sound pretty stupid, but can anyone explain me quick  what

that indicator tells me "MACD"
https://en.wikipedia.org/wiki/MACD

(Ahem, I cannot resist pointing out that I helped edit that article, a few months ago. Smiley)

Still looks like a coiled spring to me.

God help us.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
sr. member
Activity: 541
Merit: 362
Rules not Rulers
Jesus, this kind of action brings back memories.....was beginning to think I would never have these make $1000's whilst i sleep BTC nights again.   Smiley
hero member
Activity: 910
Merit: 1003
maybe I sound pretty stupid, but can anyone explain me quick  what

that indicator tells me "MACD"
https://en.wikipedia.org/wiki/MACD

(Ahem, I cannot resist pointing out that I helped edit that article, a few months ago. Smiley)
legendary
Activity: 2338
Merit: 1035
Update on the situation. we will look to buy again when this falls over.


legendary
Activity: 1159
Merit: 1001
Remember remember,

5th of October!



Well, 6th on this picture.

nice lol. but why it says 6th of October in the picture?

Bear whale was keeping BTC down on the 5th.  It was slain early morning hours of the 6th (Eastern Daylight Time).
legendary
Activity: 1512
Merit: 1000
@theshmadz
Holy crap! I have 9 coins left to sell before I have to dip into cold storage! over 15% in less than 24 HRs!!!!!!

it's going to be a very merry Christmas  Grin Grin

Thank you for your generosity.

Much Appreciate.

hero member
Activity: 798
Merit: 1000
Who's there?
Oh, just in case nobody's said it in a couple of pages CCMF!
Thanks. It's never too much of it.  Smiley
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
legendary
Activity: 1106
Merit: 1007
Hide your women
Oh, just in case nobody's said it in a couple of pages CCMF!
hero member
Activity: 798
Merit: 1000
Who's there?
maybe I sound pretty stupid, but can anyone explain me quick  what



that indicator tells me "MACD"

Blue line is like speed, histogram - like acceleration. So if blue line is >0, price going up, if histogram is above zero (i.e. green) speed is going up. Change from red to green is inflection point, switch from dexeleration to acceleration. The indicator is trailing, so it shows averaged price movement some time ago, but assuming price movements are oscillating and have inertia, it has some predictive power.
 https://bitcointalksearch.org/topic/m.7386834
legendary
Activity: 1512
Merit: 1000
@theshmadz
This made me remember when we broke 266 on gox/stamp/btc-e last year.

The exchanges were slowly eating their walls until everyone were on no man's land and we quickly rushed to 350.

I think I am getting old for this.

It's good to see the old timers chime in.

You're never old till you're dead.

Just like bitcoin
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
full member
Activity: 602
Merit: 100
5K Bitcoin bought in the last 11 mins on finex. Someone is entering.

I think this is forced liquidation from people who were shorting btc.

There is more than 10k Btc open on the short side on Bitfinex, will be fun to see them closing their positions to cover losses.



Yes I agree. I called this earlier when it was stable at $421-$425. I knew so many people thought we were going back to 400 for a extended period of time because the RSI was way over 75 area, and everyone foolishly opened shorts and simply got left behind. Finex buyers are moving over to stamp and cleaning up these stubborn "walls", stamp kinda has been lagging $10 all day. 10K in open shorts on Finex will have to close to recover soon enough. That's where we get a quick $30-40 spike in 2-3 hours when that pressure sets in. I see $452-$457 in 5 hours.
member
Activity: 70
Merit: 10
Aww, we're going down again. Really, the excitement of watching the walls fall and the price slide up is captivating somehow.
It's so pretty. Smiley

Gonna buy 20btc more , need to drive to the bank and plummet some cash in the machine.
brb
(will go to hookers afterwards)
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