Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32296. (Read 26407194 times)

I almost didn't want to post my "taunt" above because of the ramifications...

Also agree, I don't pay much attention to them, but do have an occasional glance, with the new smaller one that i have to click on its jsut too much work. All-in-all its pretty unnecessary and just adds alot o traffic to this thread.

If i ignore chart buddy, will i still get notifications when he posts in this thread?

Testing 100 again...

I also vote for bigger charts again from chart buddy as I don't bother clicking the small ones and prefer to ignore him altogether. A good proposal was to make the chart at least as big as the minimum post size.

Very interesting post. Thanks so much for sharing

I do find it also strange why someone would buy 5 or 10k coins at market. Does it not make logical sense to buy half at market but also make sure half are not filled immediately? Chances are very high that it will be filled as your new wall is considerably higher than last price?

(I understand that in the bubble runup such new higher wall could not be filled and a complete market order could be rational, but today can one make a reasonable case for that?)

Not in and of itself. But when you saw the effort needed (the size of the buys) to move BTC up a few dollars and then retrace down (not to mention slippage), it was a bit amusing...
To see few buyers follow "the leader" was even more amusing.

Kazu - I think the longer we stay here the harder it becomes as those sells are stacked up pretty good. My bet is they want the bids to pile up before dumping (no big guess.)

I'm still waiting on 100. Every time we hit it we bounce right off.

looks to me like those whales have pushed the price up around 3% the last 24 hours, I wouldnt call that a failure

I picked up a few coins today, sort of as insurance in case we run but also as I just hate not having any Bitcoins, yes, outside of 1 Casascius, I didn't have any! Sitting in pure fiat was too much for me. It is a pretty conflicting state to be in, loving BTC but not liking the current market/price/etc. All or nothing is probably not the smartest anyway. Enough self justification? 

That said, what I noticed today was some VERY big buyers being unable to manipulate the price any higher. I say manipulate as the slippage was just too much. They were bad businessmen (unless they get a rally started). Probably the same "bad buyer" that stopped a crash below 100 on a Sunday weeks ago. Probably the same guys buying all the way up recently. It really looks like resistance at 100 and a little bit beyond is just too much.

On the one hand (me being a HUGE BTC BULL) it was funny to hear crickets after that 5000+ BTC order went through. It felt good to be calm. I thought "It just isn't working anymore. How are they going to unload? How deep are there pockets?"
On the other hand, you never know when the public at large buys into the rally. From sentiment on the TA boards/threads, it seems like people want to see us hold over 100 and perhaps even get past 107 or the like. Well, that is going to take a lot more buying than we saw today.

And remember, for all those whale buyers we've seen lately, don't forget those whale sellers from before the recent rally.

Because the bears are trying to make a profit, but this guy tosses them out of the fucking park:

Yep.  Most of the newbies have been spooked out already, and this ain't shit for us old hats.

What the heck, look at these examples given:

Bear toss

noun: a new market term that describes an argument or action that directly affects the market price positively.

A successful bear toss this morning by a new ASIC developer brought bitcoin's market price up 20%.

Before leaving Wikileaks, Julian Assange made a failed attempt at a bear toss by claiming that the US government was supporting bitcoin.

I don't get the term "bear toss" though, as it should be "bull toss" but perhaps they missed...

Not yet, young Padawan.

Up.

hmmmmm....still waiting on $105....

Maybe a few more whale market orders :p

Alternatively, you can't see the wood for the trees.

By zooming out, you lose clarity. Just like letters can fog up and look like other letters when looked at from a distance. Bistamp isn't budging, hidden divergence set up, too many people in fiat, minimal selling force.