The Great Wall of March 26 - page 2.

notme

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Quote from: cypherdoc on March 27, 2012, 12:27:07 PM

Quote from: Zotia on March 27, 2012, 11:55:42 AM

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

The $2 walls were a much larger portion of the market. MtGoxLive's graph showed 50K BTC on the bid wall and 25K BTC in other bids... this time it's 45K BTC on the bid wall and 115K BTC in other bids.

yes but the # of USD's is larger.

there's no denying this is bullish. i've said $4 is the new $2 psychologically. you're free to disagree but this bid has been put front and center @ $4.60. someone wants IN in a big way.

Or that's what they want people to think so they can drop the wall and squeeze the longs. Don't be so sure you know another's motive. Like Proudhon said, seen it before.

I don't know who's right, and maybe it is still up in the air for the person who placed the wall. He/She could be waiting to see how the market handles the threat to know what the best way to take it is.

cypherdoc

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Quote from: Zotia on March 27, 2012, 11:55:42 AM

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

The $2 walls were a much larger portion of the market. MtGoxLive's graph showed 50K BTC on the bid wall and 25K BTC in other bids... this time it's 45K BTC on the bid wall and 115K BTC in other bids.

yes but the # of USD's is larger.

there's no denying this is bullish. i've said $4 is the new $2 psychologically. you're free to disagree but this bid has been put front and center @ $4.60. someone wants IN in a big way.

Zotia

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TokenUnion-Get Rewarded for Holding Crypto

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

The $2 walls were a much larger portion of the market. MtGoxLive's graph showed 50K BTC on the bid wall and 25K BTC in other bids... this time it's 45K BTC on the bid wall and 115K BTC in other bids.

Sergey (imcex.com)

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Consider the wall at 4.6 to be the declared capability of buying equivalent of $200k bitcoins. Even if the wall disappears.

cypherdoc

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Quote from: teflone on March 27, 2012, 10:57:53 AM

I have learned countless times to ignore walls..

They say nothing..

thats not entirely true.

yes, ppl can try to manipulate them but it comes at great risk as they might not be able to get out of the way of a market order which sweeps thru their wall.

also, true buyers and sellers do put up limit orders in plain sight in hopes of catching a wave of buying or selling thru their orders when they're asleep. they're happy to accept the execution at that price point regardless.

this one is real. it hasn't budged and any sellers or shorters are welcome to take the money now.

bitcoinBull

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rippleFanatic

Quote from: SkRRJyTC on March 27, 2012, 10:08:32 AM

Quote from: cypherdoc on March 27, 2012, 10:07:24 AM

Quote from: SkRRJyTC on March 27, 2012, 10:05:41 AM

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember. it was only around $130K. correct me if i'm wrong.

Ive seen a pic of the wall at $2 somewhere...

The wall at $2.2 was the first thing I thought of when I saw this new wall at $4.6.

It was 50k BTC. It was removed overnight, but price only dropped to $1.949 (iirc) on weak selling volume. It was back up the following day.

Quote from: proudhon on November 15, 2011, 04:46:44 PM

teflone

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You're fat, because you dont have any pics on FB

I have learned countless times to ignore walls..

They say nothing..

SkRRJyTC

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Somebody sell into it... I wanna see...

cypherdoc

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Quote from: N12 on March 27, 2012, 10:09:38 AM

We really need historic depth.

yes ideally. but if you're a Bear who's shorting, you'd have to say the same thing about ask depth.

N12

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We really need historic depth.

SkRRJyTC

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Quote from: cypherdoc on March 27, 2012, 10:07:24 AM

Quote from: SkRRJyTC on March 27, 2012, 10:05:41 AM

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember. it was only around $130K. correct me if i'm wrong.

Ive seen a pic of the wall at $2 somewhere...

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: SkRRJyTC on March 27, 2012, 10:05:41 AM

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s

not that i remember. it was only around $130K. correct me if i'm wrong.

SkRRJyTC

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Activity: 1008

Merit: 1000

Quote from: cypherdoc on March 27, 2012, 10:01:45 AM

the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

~~I thought the wall at $2 was much bigger? like 4x as many BTC and 2x as many $s~~

nope...

cypherdoc

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the last time we had a wall of this size and determination was at $2. i was a part of that. i think we have a new bottom.

da2ce7

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Live and Let Live

Quote from: N12 on March 27, 2012, 09:16:18 AM

Wow, it’s impressive to see that the market has learnt to competely ignore indvidual walls. Grin

There are only so-many times that "The Hammer" can get used... before people stop looking at the depth (other than for calculating slippage of-course).

N12

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Wow, it’s impressive to see that the market has learnt to competely ignore indvidual walls. Grin

hazek

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wtf, I just randomly noticed this, was sure there must be a thread about it already, sure enough Cool

cypherdoc

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he means to the right.

finway

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you on the short side ? Shocked

Crypt_Current

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Shame on everything; regret nothing.

Hopefully it falls in the correct manner

Topic: The Great Wall of March 26 - page 2. (Read 3970 times)