Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Elwar
on 16/06/2016, 09:18:51 UTC
holy shit what is going on at stamp?

The only "wall" is about 50 BTC at $675. Not much between that and $735.

Fortunately Bitfinex is a bit more solid.


Still takes 1,500 coins before you even get to the 50BTC wall at $675, so the book is not as empty as you seem to be implying.

Also, there remains quite a bit of upwards buying pressure.... Yeah, sure we could get a correction at any time, but the overall trend remains upwards (even if we experience a 5% or more correction).

Furthermore, we all should expect the possibility for a considerable amount of bouncing around in the price, especially after it moves up a lot.  It takes a bit of time for the books to fill below, so we frequently will experience some aftershock movements, until the price footing maybe becomes more settled.

Yep, quite active. I am never surprised by a correction after a huge jump. If I was smart I would be part of that correction but I have done well enough sitting back and just letting things happen.

It is very demotivating to do any work when I make more in one day with bitcoins than I do with months at my job.