Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33604. (Read 26495287 times)

one trader being long term bullish does not mean the market can move through the current resistance in the short term

people buying this amount are thinking longer term..  them expect the price to go up in the future. so it's a bullish indicator ... unless it's lended money(and would be a stupid move to make right now).. then it will come down again if price doesn't move up much

 orderbook to thin on bitstamp.. this is not a real representation .. just watch gox..

the reason why bitstamp follows gox is simple.;  bitfinex is connected to bitstamp.. this means instant arbitrage on bitstamp.

nope

someone is getting impatient and bought 2k of coins

wait until uptrend is there again traders will hold .. it has been down trend for a while..(medium scope)  it doesn't make sense to keep btc as a trader.. wanting to make a quick  profit.. in down trend.

this is my tactic in uptrend:
buy coins... they will increase in value after a week.
lend equal amount of coins .. they will increase in value after a week

when a "little" correction happens.. sell the borrowd coins and short if possible.. .. and get the fiat profit.   at the bottom of the correction.. buy new coins with the fiat profit.

this way I have double profit on the coins I started with.


with downtrend.. I just do the opposite..
so basically it does not matter which way it goes there's always an opportunity.

at this point i'm putting some bid offers at lower price you never know to get lucky to have some cheaper coins..in the weekend dip.

i'm not expecting for new big selloffs to happen so i'm getting my bull hat ready for the coming weeks..  it might take some time but ..  imho.. up is the way to go after consolidation.

I'm a bull in general though..  I like the price to become high enough so the "mainstream" traders with millions at their hands can join the ride.. now the orderbooks are way to thin.
also I just have a "gut feeling" it will go uptrend again , have been right most of the time (90%) it's still a gamble though haha  "this is Bitcoin"
Regards

wonky tonky

It's happening?!

I guess people love Bitstamp to cash out.



But I can confirm: Bitstamp follows Mt.Gox everytime, despite wallsize and anything else.

Take a look of Silvervault. You can buy silver that is stored securely in a bank vault (controlled by me) in Estonia. Estonia features no VAT on silver, and it is a stable parliamentary republic (in Estonian: "Eesti Vabariik" = the Free Country of the Estonians).

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I mean for diversification, this is a good way to corner a chunk of the world's physical investment silver with no sweat

Very interesting post - it describes my position perfectly.  After a week of buying selling several times a day, I've been left on the sidelines waiting for movement before jumping back in.

How long would you expect this "stability" to last?  

Keep us updated.

Way too healthy. The amount of asks (fairly spread out which leads me to believe there's not a lot of fake walls) is extremely high for a $6 span from $114-$120.

Last drop to $98 I noticed as we ran back up to $105+ that the asks between 110-120 where filling up extremely fast. It seems like a lot of day traders bought up the last mini crash and tossed the coins right back up for sale $5-$8-$10 higher. Which to me explains why there hasn't been much panic selling or coin dumping, the traders are happy to wait for the bulls to pay them off.

The problem with that is people are buying, but they aren't holding. They're turning around trying to sell it at a small markup. And it seems the amount of people doing this in the last mini-crash has put up a huge chunk of legitamite asks that make it very slow going if we're going up.

The majority of large coin purchases are done against limited ask resistance. Which makes sense, you blow 500k on coins you want the price to move. Your coins are worth more, you might start a rally, and hopefully the price stays at the higher point. Spending 500k and the price going up $1 isn't going to entice a lot of people. Unless 10k of those ask coins get dumped or someone drops 1M on coins, we're not going to move very much. Everyone between $100-$120 is pretty patient at the moment.

We hit 113 for a sec; ZZZzzzzz....

Run while you can. Shorting bitcoin will get you ruined.

The current trend shows a remarkable degree of self-symmetry at even the smallest meaningful magnification. Interestingly, the symmetry just had an aberration. I can't tell you what that means, but I was startled.

Edit: Did anyone else see this?  It was only there for a few seconds.

I fell asleep after "can't you" and now I can't even remember the question.

can't you see it?

Most of the twats on Reddit are in for a surprise when they leave school.