Touches 119. Not much resistance to 120+
Floating Walls. Test of 120
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33119. (Read 26465721 times)
June 04, 2013, 08:51:59 AM
Touches 119. Not much resistance to 120+
Floating Walls. Test of 120
June 04, 2013, 08:50:19 AM
Let's see if the support line holds at around $117. I think it will but the market doesn't care about what I think. 
June 04, 2013, 08:48:47 AM
Technocash may be in trouble and scared after the LR case, they are known to serve payment processors such as solidtrust pay, which are heavily used for ponzi schemes and other illegal activities. "Profitable Sunrise" funds apparently went through their systems.
.... and now the price is falling...
.... and now the price is falling...
June 04, 2013, 08:48:23 AM
I drew a nice line, not sure if anyone posted something similar yet in here. 
http://s21.postimg.org/jzi4pmodx/support.jpg
http://s21.postimg.org/jzi4pmodx/support.jpg
can't see it.. am i the only one?
June 04, 2013, 08:48:15 AM
What if their Japanese bank decides to discontinue business them due to US pressure 
No more bank wire from big boys to absorb new coins..
No more bank wire from big boys to absorb new coins..
June 04, 2013, 08:41:36 AM
I drew a nice line, not sure if anyone posted something similar yet in here.
June 04, 2013, 08:40:18 AM
What's happening is all these companies are realizing it's dangerous to do business with bitcoin exchanges or any online payment system. Technocash probably looked at the Dwolla seizure, Liberty Reserve, Perfect Money's recent actions - and was like FUCK THAT. We ain't gettin our hands dirty.
So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
Wouldn't a series of such stories potentially have a cumulative effect? What if a major bank decided to refuse MtGox transactions too?So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
Tin foil hat and cheap coin collection tin on standby...
June 04, 2013, 08:36:56 AM
What's happening is all these companies are realizing it's dangerous to do business with bitcoin exchanges or any online payment system. Technocash probably looked at the Dwolla seizure, Liberty Reserve, Perfect Money's recent actions - and was like FUCK THAT. We ain't gettin our hands dirty.
So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
So we are seeing fewer and fewer funding and withdrawal methods. According to the logic of some, price should have tanked already, each time news like that came out and the effect hit.
June 04, 2013, 08:02:25 AM
June 04, 2013, 07:53:57 AM
MtGox loses another payment method:
Statement Regarding Technocash Transfers
TOKYO - JAPAN - June 4th, 2013 After some deliberation and discussion with Technocash, an Australian service for Mt. Gox customer account funding and withdrawals, it has been decided that our customers in Australia will no longer be able to deposit and withdraw funds in AUD using Technocash starting June 15th, 2013. We are working on alternatives for our Australian customers, but in the meantime please use other available methods such as international wire transfers, which are available in your customer accounts. Withdrawals via Technocash will be processed as long as we possibly can, and we will make our best effort to keep this method available. We apologize for any inconvenience this may cause, and look forward to evolving with the vibrant Australian market.
Regards
Mt.Gox Co. Ltd Team.
https://www.mtgox.com/press_release_20130604.html
Does anyone know why? Is this linked to Liberty Reserve? Will they ever post some good news?
Statement Regarding Technocash Transfers
TOKYO - JAPAN - June 4th, 2013 After some deliberation and discussion with Technocash, an Australian service for Mt. Gox customer account funding and withdrawals, it has been decided that our customers in Australia will no longer be able to deposit and withdraw funds in AUD using Technocash starting June 15th, 2013. We are working on alternatives for our Australian customers, but in the meantime please use other available methods such as international wire transfers, which are available in your customer accounts. Withdrawals via Technocash will be processed as long as we possibly can, and we will make our best effort to keep this method available. We apologize for any inconvenience this may cause, and look forward to evolving with the vibrant Australian market.
Regards
Mt.Gox Co. Ltd Team.
https://www.mtgox.com/press_release_20130604.html
Does anyone know why? Is this linked to Liberty Reserve? Will they ever post some good news?
June 04, 2013, 07:14:15 AM
It says it is an ask/bid ratio (not bid/ask ratio), so I'm confused a bit as to what I am looking for.
Can you walk me through an example, please?
Can you walk me through an example, please?
Damn, sorry about that. The label of the chart was not correct !
I just fixed it and added a checkbox so that you can disable normalization of the total Bids/Asks ratio.
So now, you have :
bids/asks ratio = (sum bids / sum asks)
normalized bids/asks ratio = (sum bids / sum asks) / rate
Please reload the page until you see the checkbox
ps: sorry guys for those off-topic messages, Coinorama.net has its own thread here : https://bitcointalksearch.org/topic/coinoramanet-btc-markets-network-charts-blocks-list-216861
fuck off-topic, thanks for posting this.... *extremely* useful tool, and exactly what I've been asking for in a thread a while ago: something that combines data from different markets, which is increasingly important as the dominance of mtgox is diminishing.
June 04, 2013, 07:05:28 AM
The last two times the graph looked like this, the price rallied.
When everyone panics --> price recovers.
When everyone says "rocket to the moon" --> price falls.
So I am not pleased with you promoting bullish sentiments.
Please go back panic with the others, or the party is over.
And one thing you can guarantee is that Jaroslaw shows up with that same image within a tick or two of the bottom ...
About the most reliable buying signal there is
June 04, 2013, 07:02:45 AM
June 04, 2013, 06:39:17 AM
It says it is an ask/bid ratio (not bid/ask ratio), so I'm confused a bit as to what I am looking for.
Can you walk me through an example, please?
Can you walk me through an example, please?
Damn, sorry about that. The label of the chart was not correct !
I just fixed it and added a checkbox so that you can disable normalization of the total Bids/Asks ratio.
So now, you have :
bids/asks ratio = (sum bids / sum asks)
normalized bids/asks ratio = (sum bids / sum asks) / rate
Please reload the page until you see the checkbox
ps: sorry guys for those off-topic messages, Coinorama.net has its own thread here : https://bitcointalksearch.org/topic/coinoramanet-btc-markets-network-charts-blocks-list-216861
June 04, 2013, 06:02:31 AM
June 04, 2013, 06:00:47 AM
Just opened the first page of this thread by accident. It's morning here, took a few posts for the mistake to sink in Things look a bit better.
http://s8.postimg.org/qs2k1t89h/Untitled_1.jpg
Things look a bit better.http://s8.postimg.org/qs2k1t89h/Untitled_1.jpg
June 04, 2013, 05:49:35 AM
Anyone know the bid ask on the other exchanges, or maybe an overall average?
Hi, I am showing the bid ask sum for BTC-e on http://www.coinorama.net.
It's the second chart on the left (well actually, I divide the bid ask sum by the current rate so that if the ratio is > 1, it means that the bids sum is higher than asks sum).
Hey there, thanks for the link. Bookmarked and following, and looking for that > 1 ratio
Any more info on the charts or things to keep an eye out on? I'm still in the learning phase.
Appreciated,
IAS
edit - can you clarify what you do, as I see it already is a ratio (2nd chart on left)
Thanks for following
The second chart on the left is : normalized_ratio = (sum bids / sum asks) / current_rate
What you were looking for initially was : ratio = (sum bids / sum asks)
Switching from the regular ratio to the normalized one is pretty straightforward, I should add an option to do that !
It says it is an ask/bid ratio (not bid/ask ratio), so I'm confused a bit as to what I am looking for.
Can you walk me through an example, please?
June 04, 2013, 05:39:01 AM
Anyone know the bid ask on the other exchanges, or maybe an overall average?
Hi, I am showing the bid ask sum for BTC-e on http://www.coinorama.net.
It's the second chart on the left (well actually, I divide the bid ask sum by the current rate so that if the ratio is > 1, it means that the bids sum is higher than asks sum).
Hey there, thanks for the link. Bookmarked and following, and looking for that > 1 ratio
Any more info on the charts or things to keep an eye out on? I'm still in the learning phase.
Appreciated,
IAS
edit - can you clarify what you do, as I see it already is a ratio (2nd chart on left)
Thanks for following
The second chart on the left is : normalized_ratio = (sum bids / sum asks) / current_rate
What you were looking for initially was : ratio = (sum bids / sum asks)
Switching from the regular ratio to the normalized one is pretty straightforward, I should add an option to do that !
June 04, 2013, 05:18:03 AM
The last two times the graph looked like this, the price rallied.
When everyone panics --> price recovers.
When everyone says "rocket to the moon" --> price falls.
So I am not pleased with you promoting bullish sentiments.
Please go back panic with the others, or the party is over.
June 04, 2013, 05:16:32 AM
Anyone know the bid ask on the other exchanges, or maybe an overall average?
Hi, I am showing the bid ask sum for BTC-e on http://www.coinorama.net.
It's the second chart on the left (well actually, I divide the bid ask sum by the current rate so that if the ratio is > 1, it means that the bids sum is higher than asks sum).
Hey there, thanks for the link. Bookmarked and following, and looking for that > 1 ratio
Any more info on the charts or things to keep an eye out on? I'm still in the learning phase.
Appreciated,
IAS
edit - can you clarify what you do, as I see it already is a ratio (2nd chart on left)
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