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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26913369 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
latoxine
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May 24, 2014, 02:08:32 PM



Thanks ( I'm on iphone )
fonzie
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May 24, 2014, 02:22:22 PM

http://www.btcfeed.net/news/bitstamp-is-the-next-mtgox-and-why-its-a-threat-to-bitcoin/
Torque
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May 24, 2014, 02:24:05 PM


You know when the likes of fonzie shows up that the shorts are starting to panic, lol.   Grin
adamstgBit
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May 24, 2014, 02:25:06 PM

oh fonzie

i hope you don't believe your own FUD
LOADING.READY.RUN
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May 24, 2014, 02:28:26 PM

I dont buy because someone say I should. I buy because of arguments. I know I shouldnt trade, especially since I want to hold long very long term but sometimes emotions got the better off me so I come to this thread to hear the voice of reason. I agree you are not all the incarnation of this voice, but I filter. Nonetheless, I think its urgent that I make a brain wallet so I dont do any stupid shit in case the best posters disappear and the only persons left are retards like me !

Edit: Thanks Adrian, I'll keep that in mind.

This is what happened: I had bought at 388, I wanted to sell off at 380 to buy back on sunday because its usually the moment where people lacks fiat. But now its 383 and rising ! I think I would have punched myself in the nose to educate me a little. This is how I learn. My problem is I can't stand being down short term. Its been hard to buy and buy in a bear market as everytime you back the next day its lower. Now I've launched multibit and this terrible software tells me that I've less amount in BTC that I had deposited. I think I should put some stuff into my asshole so I learn about dignity and how to handle loss like a fucking man.

If you sell when you see the price going down it's usually too late. It'll change direction sooner than you think. This "trading strategy" is one of the best guarantees that you'll lose your money.

Either buy & hold (especially now that apparently the downtrend has been broken), or educate yourself about trading. Learn to identify tops and bottoms, understand the basic indicators, identify support and resistance levels. Cut losing trades early and let winners run. Start practicing on a very small trading budget and don't add more funds before your trading profits are consistent because greed for bigger profits is what makes people lose eventually. And never forget to zoom out to see the bigger picture: Trade the larger trends, not the small fluctuations (unless you really want to go into scalping).

If this is what you want, take a look at tradingview.com . It's an amazing charting website and it offers plenty of tools for free. The community chat is also quite useful, I've learned a lot there! Many people are quite knowledgable about charting and trading BTC, some are just trolling. Just make sure you'll keep your own judgment because in the end even the most experienced trader can't predict the future, chart analysis just helps you to improve your odds above pure gambling Wink
darlidada
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May 24, 2014, 02:32:18 PM

What do you guys think of this ? it was taken from the french forum.

 
BitChick
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May 24, 2014, 02:34:39 PM

What do you guys think of this ? it was taken from the french forum.

 

Bullish?   Wink
LOADING.READY.RUN
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May 24, 2014, 02:35:03 PM

What do you guys think of this ? it was taken from the french forum.

 

It's definitely a bug. And without further information pretty useless. Which website is that supposed to come from? Which exchange is it showing?
el_rlee
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May 24, 2014, 02:35:45 PM

What do you guys think of this ? it was taken from the french forum.

 

Bullish?   Wink

Bullshitish?

What is it supposed to be? It's for sure not the depth at Bitstamp...
adamstgBit
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May 24, 2014, 02:38:10 PM

What do you guys think of this ? it was taken from the french forum.

 
its an omen.
Walsoraj
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May 24, 2014, 02:51:26 PM

What do you guys think of this ? it was taken from the french forum.

 
its an omen.

That a fake bid wall is going to get pulled and crash the price?  Cheesy Cheesy Cheesy
fonzie
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May 24, 2014, 02:57:25 PM

What do you guys think of this ? it was taken from the french forum.

 
its an omen.

Anyone remembers the (fake) bid depth on Gox (IIRC ~60-70 million) 1-2 months before they went down?




Picture above was a glitch btw as far as i know.
fonzie
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May 24, 2014, 02:58:33 PM

Mini wall spotted. 310 "cheap" BTC for sale @ 522 @Stamp.
ChartBuddy
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May 24, 2014, 03:00:41 PM


Explanation
latoxine
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May 24, 2014, 03:04:33 PM

Mini wall spotted. 310 "cheap" BTC for sale @ 522 @Stamp.

yes just seen it.
oda.krell
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May 24, 2014, 03:14:21 PM

What do you guys think of this ? it was taken from the french forum.

 

Bullish?   Wink

Which exchange is this supposed to be? This is Bitstamp's order book currently:



minus 40 USD: 6k coins

plus 40 USD: 3k coins

That's arguably a mildly bullish picture, but not overwhelmingly so. Walls turn out to be fake and are pulled, and 3k (or 6k) coins are eaten pretty fast if momentum builds up.
adamstgBit
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May 24, 2014, 03:40:20 PM

What do you guys think of this ? it was taken from the french forum.

 

Bullish?   Wink

Which exchange is this supposed to be? This is Bitstamp's order book currently:



minus 40 USD: 6k coins

plus 40 USD: 3k coins

That's arguably a mildly bullish picture, but not overwhelmingly so. Walls turn out to be fake and are pulled, and 3k (or 6k) coins are eaten pretty fast if momentum builds up.

pretty sure its the other way around, wall are mostly all real, split up and move around when price moves, but even a sudden drop or spike produces about 2-5X volume, because theres always people that don't place bids till they see their magic number
blatchcorn
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May 24, 2014, 03:45:34 PM



We are somewhere between 14-15
oda.krell
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May 24, 2014, 03:49:38 PM



We are somewhere between 14-15

If we're lucky, yes.

Worst case I can see realistically is that we're at 13 (and go back another time to 400s, maybe high 300s, but won't make a new low).
blatchcorn
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May 24, 2014, 03:53:38 PM



We are somewhere between 14-15

If we're lucky, yes.

Worst case I can see realistically is that we're at 13 (and go back another time to 400s, maybe high 300s, but won't make a new low).
Yup worst case is 13.  But if you look at 2 year chart, it does appear that 13 was the April 16th rally
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