Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32136.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: thezerg on October 20, 2013, 08:05:13 PM

Quote from: samson on October 20, 2013, 07:41:04 PM

Quote from: Rampion on October 20, 2013, 07:34:37 PM

A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.

This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish Cheesy

Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.

I really doubt there's much USD flowing in right now.

I'm firmly in USD at the moment.

so sorry 4 u. gox is not btc. usa is not btc. broaden your horizons and take adv. of any dip you see.

That's what I'm doing now - waiting for the next big dip as someone cashes in.

imrer

full member

Activity: 154

Merit: 100

Mtgox is holding some users but it won't last forever under current circumstances. I should learn chinese... Cheesy

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: samson on October 20, 2013, 07:41:04 PM

Quote from: Rampion on October 20, 2013, 07:34:37 PM

A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.

This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish Cheesy

Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.

I really doubt there's much USD flowing in right now.

I'm firmly in USD at the moment.

so sorry 4 u. gox is not btc. usa is not btc. broaden your horizons and take adv. of any dip you see.

ChartBuddy

legendary

Activity: 2324

Merit: 1801

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

TERA

hero member

Activity: 728

Merit: 500

A healthy ask sum has been restored on the other exchanges, where sellers actually have a reason to sell their coins (other than buying back lower).

Bitstamp had gotten down to 9K and how it is back to 16K.

Btcchina had gotten down to almost nothing and now it is back to 6K.

Millions of Yuan are flowing into btcchina.

If someone can prove that China is somehow a fake pump then I will rest my case.

hyphymikey

hero member

Activity: 784

Merit: 1000

Is it possible to have a bid sum/ask sum chart for the top exchanges combined?

If Gox's liquidity problem is "skewing" the charts because nobody wants GoxUSD then wouldn't sellers just put their coins on other exchanges?

samson

legendary

Activity: 2097

Merit: 1070

Quote from: Rampion on October 20, 2013, 07:34:37 PM

A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.

This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish Cheesy

Remembering of course that 'millions of dollars' were flowing into Gox on a daily basis at the end of March / beginning of April.

I really doubt there's much USD flowing in right now.

I'm firmly in USD at the moment.

Rampion

legendary

Activity: 1148

Merit: 1018

A longer timeframe below, we're steadily approaching all time low in asks and on the amount of bids is very high.

This could mean btc is about to explode (again) if it wasn't that the bid/ask ratio at Gox is distorted by their now quite obvious liquidity problem. Nevertheless, apart from Gox financial situation everything looks bullish Cheesy

TERA

hero member

Activity: 728

Merit: 500

Quote from: samson on October 20, 2013, 07:21:47 PM

I'm waiting for a big correction down to much lower levels.

It would appear that China isn't letting that happen right now. Everything has been distorted by China and I don't know how to the read the charts anymore. I used to be a bear and then around 125 I turned bull as soon as I saw the Chinese exchange volume growth.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: thezerg on October 20, 2013, 07:31:37 PM

Quote from: lucas.sev on October 20, 2013, 07:14:45 PM

Quote from: TERA on October 20, 2013, 06:52:12 PM

Bid depths have exploded overnight. On gox, about $2M bid depth was just added between $165 and $175. On btcchina, about ¥2M have been added. Bitstamp added another $100K. Last time this happened, we took off from $110.

does it have any significance if a 4k dump takes us down 10USD? It's an honest question, just wondering if I put 500k USD at 90USD/BTC will it mean anything

90 not so much esp. on gox but 165 to 175 could be a buyer hoping for a dump. but if s/he sees momentum building this b8d could become a mkt order...

So if I want to prop the price up all I need to do is to add TONS of bids at low prices that won't be reached and people will start screaming about bid ask ratio?

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: lucas.sev on October 20, 2013, 07:14:45 PM

Quote from: TERA on October 20, 2013, 06:52:12 PM

Bid depths have exploded overnight. On gox, about $2M bid depth was just added between $165 and $175. On btcchina, about ¥2M have been added. Bitstamp added another $100K. Last time this happened, we took off from $110.

does it have any significance if a 4k dump takes us down 10USD? It's an honest question, just wondering if I put 500k USD at 90USD/BTC will it mean anything

90 not so much esp. on gox but 165 to 175 could be a buyer hoping for a dump. but if s/he sees momentum building this b8d could become a mkt order...

Rampion

legendary

Activity: 1148

Merit: 1018

Gox is slowly running out of coins

Plenty of fiat though, I guess it's about time to get some popcorn

samson

legendary

Activity: 2097

Merit: 1070

I'm waiting for a big correction down to much lower levels.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: TERA on October 20, 2013, 06:52:12 PM

Bid depths have exploded overnight. On gox, about $2M bid depth was just added between $165 and $175. On btcchina, about ¥2M have been added. Bitstamp added another $100K. Last time this happened, we took off from $110.

does it have any significance if a 4k dump takes us down 10USD? It's an honest question, just wondering if I put 500k USD at 90USD/BTC will it mean anything

TERA

hero member

Activity: 728

Merit: 500

Bid depths have exploded overnight. On gox, about $2M bid depth was just added between $165 and $175. On btcchina, about ¥2M have been added. Bitstamp added another $100K. Last time this happened, we took off from $110.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Pruden on October 20, 2013, 04:43:53 PM

As well as telemaco, you make the mistake of thinking "they" would openly discuss the details of their plan if they were seriously thinking about it.

Alternate view: A bunch of economists with big payrolls have to justify their salaries and write reports. In them, they touch on hot topics, one of them being haircuts.

Nice theory. Unfortunately, something like this is the *inevitable* outcome of current economic policies. They could always hyper-inflate but it looks like they're trying to avoid that where possible. It tends to make it a bit harder to bleed the people dry.

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: NewLiberty on October 20, 2013, 06:44:35 PM

A two day base behind us. Maybe its the weekend.

What possible proof could you have of this supposed weekend?

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

A two day base behind us. Maybe its the weekend.

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: spooderman on October 20, 2013, 05:51:17 PM

Quote from: Spaceman_Spiff on October 20, 2013, 05:50:21 PM

Quote from: spooderman on October 20, 2013, 05:49:18 PM

We're on the move again.

Where?

210 by wednesday

Last time I trolled was https://bitcointalksearch.org/topic/m.2982733 when price reached 124 on Gox. I trolled the price might go down to 85 on BTC-e and to 90 on Bitstamp. It went to 85 and 75 respectively (due to Silk Road event).

The way I see things now (just trolling): about 50% odds of going to at least 360 very quickly and about 50% to go down below the last low of 110 on Gox. We'll know soon.

The way I see other things (just trolling) which MIGHT be of interest is 80% of S&P 500 will develop the first bearish wave within a few days. 80% probability is too low to go short right now but in a few days 80% probability MIGHT turn 99% probability.

spooderman

legendary

Activity: 1652

Merit: 1029

Quote from: Spaceman_Spiff on October 20, 2013, 05:50:21 PM

Quote from: spooderman on October 20, 2013, 05:49:18 PM

We're on the move again.

Where?

210 by wednesday

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32136. (Read 26472720 times)