Topic: [poll] The 140 wall (Read 1267 times)
Regardless of it was eaten or removed, can someone put the wall back now please?
No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
Looking at the numbers on Bitcoinwisdom, it looks like it was mostly pulled overnight
12h bitcoinity chart makes it pretty clear it was eaten. When I went to bed there was 800 left. Small sells and the 500 volume spike followed by dropping thru 140 -> sell
No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
Looking at the numbers on Bitcoinwisdom, it looks like it was mostly pulled overnight
Here's where a working ChartBuddy would be useful.
No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
Looks like $140 wall was pulled.
If the 140$ wall wouldn't have prevented a small drop in price to about 136$, the tension that accumulated
would have been released. As more tension accumulates ( imbalance between the price and the
bid sum / ask sum ratio ), the probability of a crash ( a lot lower than 136$ ) increases.
would have been released. As more tension accumulates ( imbalance between the price and the
bid sum / ask sum ratio ), the probability of a crash ( a lot lower than 136$ ) increases.
I have not been watching that closely but it looks like someone keeps putting up giant walls. Are they being removed and the being put back up or are they being sold and then more Bitcoin is put up for sale in an attempt to keep the price higher?
Ya, been there a few times and got eaten.
Most likely option: it gets eaten and then a new one gets put up.
Most likely option: it gets eaten and then a new one gets put up.
That price is here to stay, is more easy to go above 140 than to go below.
Its been tested and destroyed quite a few times already, only to be rebuillt some time in the near future [Seconds, hours, days]
I imagine it will be destroyed again. But due to so many coins being "gone", this might be the last time that happens. Then its down to a panic buy or sale to finally set the trend.
I imagine it will be destroyed again. But due to so many coins being "gone", this might be the last time that happens. Then its down to a panic buy or sale to finally set the trend.
With ChartBuddy being down it's a little harder to follow but it seems like another 2k was recently added to it. This seems to follow the pattern of the last couple of days where it seems to pop back up whenever it's eaten away.
Didn't we have a similar situation for a few days before we broke 125 in August? Some people were suggesting a hammer because someone kept buying up to near the base of the askwall, while reinforcing the bidwall whenever it got thin.
Didn't we have a similar situation for a few days before we broke 125 in August? Some people were suggesting a hammer because someone kept buying up to near the base of the askwall, while reinforcing the bidwall whenever it got thin.
Jump to: