Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33514.

zebedee

donator

Activity: 668

Merit: 500

Quote from: rpietila on May 06, 2013, 12:08:43 AM

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol. Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

It appears to me that the capitulation pattern from $145 to $80 has ended. Three days to fall to $80, and three days to recover back to $124.

Question whether the price will surpass $145 or $160 this month - I believe not, based upon the notion that we are in a collapsing bubble.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: xorglub on May 06, 2013, 07:36:58 AM

Quote from: gizmoh on May 06, 2013, 07:29:50 AM

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..

They seem to always be placed at .89, .90, .91, under round prices.
I don't think he's really buying. Some got partially sold into but they keep popping in and out.
Looks like a pump. Not sure why.

No i can assure you they are getting bought into.He just wants to be top in the buy list.

xorglub

full member

Activity: 204

Merit: 100

Quote from: gizmoh on May 06, 2013, 07:29:50 AM

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..

They seem to always be placed at .89, .90, .91, under round prices.
I don't think he's really buying. Some got partially sold into but they keep popping in and out.
Looks like a pump. Not sure why.

Babylon

hero member

Activity: 938

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: KillaMarci on May 06, 2013, 06:34:47 AM

Looks like I was wrong about $120 and $125...or did someone actually dump a lot of coins around that price? Huh

(I've been asleep, good morning)

We haven't hit 125

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: solex on May 06, 2013, 06:47:19 AM

Quote from: ?? on ??

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,

Hey

I need to update the all-time chart but here's the last one from a month ago:

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: lebing on May 06, 2013, 06:33:18 AM

Quote from: el_rlee on May 06, 2013, 06:27:18 AM

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.

Exactly. Once those downloaders realise what they've downloaded is not mining software, they'll be investing. We are anyway just recovering from being massively oversold and the Gox legal case.

Higher lows is the general trend.

gizmoh

legendary

Activity: 1428

Merit: 1000

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Technomage on May 06, 2013, 07:01:33 AM

Quote from: Rampion on May 06, 2013, 06:56:17 AM

Fresh news about Paypal/Ebay and Bitcoin: http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-horizon-for-bitcoin/

Fresh? You have to be kidding me. That is week old news that everyone who is aware of anything around here, is already aware of.

Yeah man, sorry about that, I just received the link on a newsletter today and I didn't see the date.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: Its About Sharing on May 06, 2013, 06:54:47 AM

Quote from: solex on May 06, 2013, 06:47:19 AM

Quote from: ?? on ??

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,

I don't see any option at bitcoincharts.com for that type of chart. Do you mean he just used their data and then his own charting software or ?

That is a really interesting chart, probably because it just keeps going up steadily Grin

If you could find the link that would be great - much appreciated.

IAS

Yes. Raw data only from bitcoincharts. You can set the chart you want, like this all-time daily one:
http://bitcoincharts.com/charts/mtgoxUSD#igDailyztgSzm1g10zm2g25
And use the "load raw data" at bottom left to get the numbers. Then chart it in any package (in log form)

Technomage

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Activity: 2184

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Affordable Physical Bitcoins - Denarium.com

Quote from: Rampion on May 06, 2013, 06:56:17 AM

Fresh news about Paypal/Ebay and Bitcoin: http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-horizon-for-bitcoin/

Fresh? You have to be kidding me. That is week old news that everyone who is aware of anything around here, is already aware of.

Rampion

legendary

Activity: 1148

Merit: 1018

Fresh news about Paypal/Ebay and Bitcoin: http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-horizon-for-bitcoin/

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: solex on May 06, 2013, 06:47:19 AM

Quote from: ?? on ??

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,

I don't see any option at bitcoincharts.com for that type of chart. Do you mean he just used their data and then his own charting software or ?

That is a really interesting chart, probably because it just keeps going up steadily Grin

If you could find the link that would be great - much appreciated.

IAS

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: lebing on May 06, 2013, 06:33:18 AM

Quote from: el_rlee on May 06, 2013, 06:27:18 AM

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.

the bigger news is that the Chinese government didn't censor it

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: ?? on ??

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Looks like I was wrong about $120 and $125...or did someone actually dump a lot of coins around that price? Huh

(I've been asleep, good morning)

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: el_rlee on May 06, 2013, 06:27:18 AM

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.

el_rlee

legendary

Activity: 1600

Merit: 1014

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: xorglub on May 06, 2013, 06:17:05 AM

Quote from: Hawker on May 06, 2013, 05:59:43 AM

Quote from: fitty on May 06, 2013, 05:48:57 AM

Quote from: Zaih on May 06, 2013, 05:43:21 AM

Quote from: ?? on ??

I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.

So it projects that the price will top out around $125 and start to fall after that?

Not necessarily. It will fall when sentiment turns around and people stop buying / start selling. It will be hard to get past $125 yes but so was $100, $110, $120... so in the end walls mean nothing.

Right now most TA hints at a correction - we just can't keep going up, up, up, we're overbought. But the low volume skews the timeframe as of which it will happen. It may just hold for another few days as new money flows in and latecomers buy on the Chinese news, taking us to $130 or maybe higher. However the longer we stay overbought the harder it will correct.

I would say that a major correction won't happen until Wednesday. Normally that's the day for both the big rallies or crashes. Don't really know what's the logic in it, but that's how it is usually.

xorglub

full member

Activity: 204

Merit: 100

Quote from: Hawker on May 06, 2013, 05:59:43 AM

Quote from: fitty on May 06, 2013, 05:48:57 AM

Quote from: Zaih on May 06, 2013, 05:43:21 AM

Quote from: ?? on ??

I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.

So it projects that the price will top out around $125 and start to fall after that?

Not necessarily. It will fall when sentiment turns around and people stop buying / start selling. It will be hard to get past $125 yes but so was $100, $110, $120... so in the end walls mean nothing.

Right now most TA hints at a correction - we just can't keep going up, up, up, we're overbought. But the low volume skews the timeframe as of which it will happen. It may just hold for another few days as new money flows in and latecomers buy on the Chinese news, taking us to $130 or maybe higher. However the longer we stay overbought the harder it will correct.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33514. (Read 26461423 times)