Don't know what to expect from tomorrow, so I am 50/50 now.
Ok, I have a stronger bias for a small retraction to 245 land, before a new charge, but tomorrow will tell.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32257. (Read 26711244 times)
November 06, 2013, 04:48:30 PM
And good night from Europe.
Don't know what to expect from tomorrow, so I am 50/50 now.
Ok, I have a stronger bias for a small retraction to 245 land, before a new charge, but tomorrow will tell.
Don't know what to expect from tomorrow, so I am 50/50 now.
Ok, I have a stronger bias for a small retraction to 245 land, before a new charge, but tomorrow will tell.
November 06, 2013, 04:48:21 PM
at least we know what the bid wall is all about on stamp.
Push stamp price up -> Gox users will flip out and buy the shit out of the 6k wall -> drop bid wall on stamp -> Dump more coins on stamp after having force fed your 266 to gox. Flush with fiat on both exchanges, pick up the broken dreams.
That's my theory. It seems to be working.
It would work if everyone is in euphoria with the price flying through the roof and no one wants to sell as seems to be the case.
I wonder what will happen when people finally do rush to sell if that does happen.
Or maybe we go to the moon to 1000 without a hiccup.
Either way, these walls freak me out! I can't sell all my btcs though
Push stamp price up -> Gox users will flip out and buy the shit out of the 6k wall -> drop bid wall on stamp -> Dump more coins on stamp after having force fed your 266 to gox. Flush with fiat on both exchanges, pick up the broken dreams.
That's my theory. It seems to be working.
It would work if everyone is in euphoria with the price flying through the roof and no one wants to sell as seems to be the case.
I wonder what will happen when people finally do rush to sell if that does happen.
Or maybe we go to the moon to 1000 without a hiccup.
Either way, these walls freak me out! I can't sell all my btcs though
November 06, 2013, 04:45:39 PM
ok so I figure whoever this wall belongs to must have wanted to sell for a long time, and now feels like there is enough buy pressure incoming due to ATH being reached that he can get away with selling so many.
Is that the only scenario that makes sense?
Is that the only scenario that makes sense?
November 06, 2013, 04:45:04 PM
I just saw my first ever All Time High, on Bitstamp. Off to get some tissues.....
November 06, 2013, 04:42:54 PM
Woot, gox, stamp parity.
Finally!
This means the market perception of Gox's failure likelihood has now reduced from 5-10% down to 0%, right?
November 06, 2013, 04:41:25 PM
bitstamp just slapped 265?? wtf
higher than gox
who is this mystery wall master
higher than gox
who is this mystery wall master
November 06, 2013, 04:41:20 PM
I would really enjoy it if Bitstamp overtook Gox price right now, so close, haha.
Contact!
November 06, 2013, 04:39:48 PM
November 06, 2013, 04:39:14 PM
I would really enjoy it if Bitstamp overtook Gox price right now, so close, haha.
November 06, 2013, 04:37:47 PM
Would it be so bad if BTC traded sideways between 250 and 270 for a few weeks before its next big move upward?
A few weeks is forever in bitcoin time.
Trading sideways for a day is about the best one can hope for
November 06, 2013, 04:37:36 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
wow, can´t believe I missed that one. Well spotted. Thank youSo with the 6000BTC at 267USD, that's... a lot of BTC for sale.
Yup, same coins just expressed in a different currency
Interesting....and thanks again
November 06, 2013, 04:37:26 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
wow, can´t believe I missed that one. Well spotted. Thank youSo with the 6000BTC at 267USD, that's... a lot of BTC for sale.
Yup, same coins just expressed in a different currency
Numbers seem to be pretty round for that, don't they?
EDIT: nevermind, they are not round
Anyways, has Bitstamp ever seen so few coins for sale ever? 3.3k to 300$, 5.8 to 400..
November 06, 2013, 04:36:35 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
Pretty sure they'll be the same coins. Gox uses some sort of cross-currency system to fill orders so I wonder if the wall is reflected in all the currencies used in that system
Hmm, ok. Guess that makes sense to self arbitrate.
November 06, 2013, 04:35:44 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
wow, can´t believe I missed that one. Well spotted. Thank youSo with the 6000BTC at 267USD, that's... a lot of BTC for sale.
Yup, same coins just expressed in a different currency
November 06, 2013, 04:35:22 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
wow, can´t believe I missed that one. Well spotted. Thank youSo with the 6000BTC at 267USD, that's... a lot of BTC for sale.
You can do that? Thought that you had to have the coins for each?
November 06, 2013, 04:35:09 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
Pretty sure they'll be the same coins. Gox uses some sort of cross-currency system to fill orders so I wonder if the wall is reflected in all the currencies used in that system
November 06, 2013, 04:35:00 PM
Would it be so bad if BTC traded sideways between 250 and 270 for a few weeks before its next big move upward?
November 06, 2013, 04:33:06 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
wow, can´t believe I missed that one. Well spotted. Thank you So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
November 06, 2013, 04:31:22 PM
Sorry for asking such a basic question but I'm still not sure I fully understand how to read these charts:
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
It was mentioned in this thread before. We should not forget, there are currently USD 2.5 Mio lend on Bitfinex for Bitcoin long positions. I wonder how many coins are behind this sum (10000-15000?). With 57% pa, they are going to hit these bids sooner or later or will act as a future wall.
November 06, 2013, 04:30:08 PM
anyone notice that MtGox also has 8000BTC ask wall at 170GBP, 6000BTC wall at 202EUR, 6000BTC wall at 847PLN, 6000BTC wall at 287AUD and 6000BTC wall at 285CAD.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
So with the 6000BTC at 267USD, that's... a lot of BTC for sale.
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