The Bitcoin barometer is becoming quite bullish on the 2h and 4h timescale, I think we're going to shift gears soon. 
Up, up and away. How can it go wrong !
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33257. (Read 26463800 times)
May 22, 2013, 08:24:49 AM
Up, up and away. How can it go wrong !
May 22, 2013, 08:21:47 AM
The Bitcoin barometer is becoming quite bullish on the 2h and 4h timescale, I think we're going to shift gears soon.
May 22, 2013, 08:19:36 AM
That's the entire purpose of a conference, is to make people think "things are happening". I won't read much into it until I actually "see" things happening.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
It peaked at $125 last friday now it's stagnating and propped up on low volume.
Up, up, up
May 22, 2013, 08:18:07 AM
Slowly breaking upwards? Super-low volume though.
If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.
If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.
May 22, 2013, 08:09:08 AM
Wall update: General Franco is still dead.
Then again, it's Wednesday
Then again, it's Wednesday
May 22, 2013, 08:06:06 AM
Paint drying tracker...
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.
That's the entire purpose of a conference, is to make people think "things are happening". I won't read much into it until I actually "see" things happening.
Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything. Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.
May 22, 2013, 08:03:37 AM
May 22, 2013, 07:44:26 AM
Paint drying tracker...
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.
May 22, 2013, 07:34:11 AM
If we continue to move up $5 once a week in a mini-rally and consolidate the rest of the week we should reach a new ATH just before Christmas this year.
May 22, 2013, 07:28:28 AM
I think mt.gox may be starting to move - at least we are seeing new 24 hour highs (123.6)... (though, to be fair, we saw them at 9:00 as well, and then stalled again)
Wall nibbles, anyway (500BTC to 124).
The biggest move of the day is still the bid wall movement from 121 to 122. Which says a lot about how little is happening here...
Wall nibbles, anyway (500BTC to 124).
The biggest move of the day is still the bid wall movement from 121 to 122. Which says a lot about how little is happening here...
May 22, 2013, 07:03:27 AM
May 22, 2013, 06:55:39 AM
Paint drying tracker...
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
Braindump:
When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?
Currency volume is at its lowest this year.
Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.
Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway
Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?
May 22, 2013, 06:24:28 AM
Edit: I am really curious though: What would happen on bitstamp if mt.gox started to rise significantly, say to 125 (or, make that 135)? There just ISN'T enough fiat on bitstamp to buy up the walls...
Rational sellers would pull their walls and move them to Gox. It wouldn't be instantaneous, but it would happen.
May 22, 2013, 06:11:54 AM
Yes, I think so. Due to the fact that the bidwall on Mt.Gox is now at 122, bitstamp is a bit too low.
Now the bids on bitstamp are at 118.35, and asks at 118.39 -> walls should start to get nibbled.
"Movement" is very relative though, looking that moving the walls up by 1$ would take about 1500BTC...
Edit: I am really curious though: What would happen on bitstamp if mt.gox started to rise significantly, say to 125 (or, make that 135)? There just ISN'T enough fiat on bitstamp to buy up the walls...
Now the bids on bitstamp are at 118.35, and asks at 118.39 -> walls should start to get nibbled.
"Movement" is very relative though, looking that moving the walls up by 1$ would take about 1500BTC...
Edit: I am really curious though: What would happen on bitstamp if mt.gox started to rise significantly, say to 125 (or, make that 135)? There just ISN'T enough fiat on bitstamp to buy up the walls...
May 22, 2013, 06:03:20 AM
May 22, 2013, 05:27:09 AM
Are ask walls finally beginning to be nibbled at BitStamp....?
May 22, 2013, 05:13:18 AM
Had a good time at the conference, definitely met some cool people. This week could be interesting.
Not much till today.
May 22, 2013, 05:03:29 AM
May 22, 2013, 04:03:13 AM
May 22, 2013, 03:03:10 AM
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