Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33009. (Read 26497843 times)

friday

When is Adam's 8th business day?

Yes, certain people are interested in keeping the price around $100.

If the market really wasn't comfortable with that, the price wouldn't still be there. So you can't really say that it's "artificial." The people putting up the walls don't have unlimited powah.

Yeah, have you read my posts? i'm watching that, its really weird. Wonder what the intent is. 

This is actually interesting to watch:http://www.coinorama.net/#
The 2nd indicator below dipped below 1 again, a fairly bearish warning. (Also, anyone watching the mini mini wall being constantly added to at 104.5?)

I tried to describe this before but your word above "holding" is really perfect. The thing that I observe (and PLEASE someone tell me if I can search for it somewhere) is that the sell sizes are often quite large relative to the buy sizes. Sometimes you know it is the same seller (or buyer) doing the transaction as the orders are exactly down to the same second with no action leading up to it but spread out in smaller sizes.

I also get the impression, like SGExodus said, that someone wants the price at around the current level. Those "rescues" below or around $100 were really strange. Something stunk about them.

So, is there a way to see the average buy or sell size (removing those small bot trades)?

I just see the price is desperately holding... Pretty crazy that the US guys cannot withdraw their money from Gox and their only choice is to buy coins to move them to another exchange, the latest news about Citibank rejecting wires coming from Gox its pretty outrageous... This motherfuckers, a PRIVATE company, are entitled to decide to who you may send YOUR money, and from who you can receive YOUR money... Honestly, I see a lot of comments and posts about how "doomed" is Gox, but I haven't seen ANY post complaining about those fuckers, I know that if I had an account at Citibank I would close it for good, they don't get to decide what I do with my fucking money.

BTW, Citibank/Citigroup has always been the evil empire, I will leave one link to internal Citigroup documents that leaked for those of you that missed them:

http://our99angrypercent.wordpress.com/2011/11/27/download-citigroup-plutonomy-memos/

No reason to be jerky about it, I'm trying to steer this conversation back to wall tracking (hardcore) vs Taxes

Most people only care to watch $1 spreads and 1min charts.

I'm watching what is going on right now and it seems someone is buying up every coin that comes ahead of the 104.49 / 104.5 wall within seconds.

big wall? Now 200BTC is a big wall?

Jeez, what about Wallzilla's 20,000BTC walls, then?

Your point about if your amalgamated balances > 10,000$ is spot on, i should have included that also but you rebuffed my point.  Basically, if you have x number of foreign accounts, and you add their balances all up to a figure, and that figure is above 10,000$ you need to report every single damned account even if some of them are below 10,000$. Or face a 150,000$ fine if uncle sam finds out

Now to rebuff your point, that is part of it but I think the biggest part is tax dodgers not necessarily criminal just non-reporting of income.

Seems like Some groups (silkroad?) just want bitcoin price to fluctuate within a very tight range.  

I'm watching walls and activity using http://trading.i286.org one of you posted this and i love this tool, I'm preffering it to Bitcoinity as it doesn't amalgamate orders and it makes great use of a retina display on my mac.

big wall at 104.49 and 104.5, for some reason the waller had [email protected] but has since split it up to 104.49 and 104.5 lol.

Not sure what is up with that but walls scare me. always!

Key word being "feels". I am really curious which TA you are using. I have followed a few pretty good TA guys and I have yet to see anyone, NOT ONE, bullish in the current state.
Yes, they all say we can go up from here, I don't disagree with that. But the overall impression is that we are in a correction.
And the coiled spring, well, the sells have been larger than the buys and the sells have been more frequent than the buys, hence our recent movement. I don't see a coiled spring.
We might explode up if buyers come in (though those large sellers would probably sell into any movement.)

I'm even more curious of your fundamentals.
I'm pro Bitcoin (and long term VERY BULLISH) but right now there are no real fundamentals. If you want to compare us to a mid size billion dollar company and use a variance of PE, we would be very very overvalued.
Now, I agree we have intrinsic value (if accepted) - like E Gold. But we are all betting this takes place and hasn't yet taken place. I agree we can hit a very very high cost per BTC, like $10,000 per,
but right now we are in the infant stage and until real fundaments OR real adoption (e.g. - as a store of value - E Gold) or real use (e.g. - Amazon, or more internet sales like pay pal of years ago)
comes into play, we are in between it seems.

This FBAR report is mostly going to be useful for folks that have never had a lot of money, and suddenly have a whole bunch and can't show where it came from.  The assumption is going to be something criminal if you get audited.  This is a way to put it in the clear and spend it without worrying that you are going to get hit with anything unexpected later. (If you are US).  Its how they got Heidi Fleiss, taxes and money laundering, not so much the prostitution.

I'm glad I don't live in the land of the free and therefore don't have to do this nonsense.

True.  Well put.

But also if Foreign acct1 =6000 and foreign account 2=6000, the sum is over 10K and its triggered.