Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33159. (Read 26465355 times)
June 01, 2013, 01:32:19 AM
Gawd! The wall is still untested...
June 01, 2013, 01:11:38 AM
This bad news really has damaged things from a TA point of view. I think that if the price doesn't crash, despite breaking significant supports, that it will rally up.
What bad news? (Sorry, I've been away)
Yeah, what bad news?
Most of it:
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/why-didnt-bitcoin-users-freak-out-in-may/
The Liberty Reserve incident is what likely took out the support, and killed the rally.
June 01, 2013, 01:05:52 AM
June 01, 2013, 01:01:08 AM
This bad news really has damaged things from a TA point of view. I think that if the price doesn't crash, despite breaking significant supports, that it will rally up.
What bad news? (Sorry, I've been away)
June 01, 2013, 12:56:23 AM
This bad news really has damaged things from a TA point of view. I think that if the price doesn't crash, despite breaking significant supports, that it will rally up.
June 01, 2013, 12:35:32 AM
how come gox volume is listed as 64% when according to the sites its not:
http://bitcoincharts.com/charts/volumepie/
gox shows Volume: 15344 BTC
bitStamp shows: 6094 BTC
CampBX (on bitcoincharts.com): 946
BTCe shows: 2052 BTC
15344+6094+946+2052=24,436
15344 out of 24436 is 62.79%, not even counting ALL the other bitcoin exchanges
Maybe it just fluctuates wildy?
http://bitcoincharts.com/charts/volumepie/
gox shows Volume: 15344 BTC
bitStamp shows: 6094 BTC
CampBX (on bitcoincharts.com): 946
BTCe shows: 2052 BTC
15344+6094+946+2052=24,436
15344 out of 24436 is 62.79%, not even counting ALL the other bitcoin exchanges
Maybe it just fluctuates wildy?
June 01, 2013, 12:31:03 AM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Gox has only one market for all currencies. The bids/asks in any given currency are converted to show in all other currencies, with a exchange fee built in. The fee does not go to Gox, since they ironically are not licensed to exchange between various fiat currencies. Instead the fee goes to their bank, which does the actual fiat exchange.
The upshot is that if you place a bid in USD it shows up in Pounds, Euros, Baht, whatever else as well.
Source: MagicalTux in irc a few weeks ago.
This is the most natural thing a multi-currency exchange should do. Of course if they take too high fees, others can do arbitrage for cheaper. Basically if the fee is 1%, an actual $$ wall should be 1% stronger than the auto-arbitrage-€-wall. A "buy 1000Ƀ@$120" would be a "buy 1000Ƀ@$119.8" in all other currencies. If you can exchange $$ for €€ cheaper, you can squeeze your offer in between.
June 01, 2013, 12:18:41 AM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Gox has only one market for all currencies. The bids/asks in any given currency are converted to show in all other currencies, with a exchange fee built in. The fee does not go to Gox, since they ironically are not licensed to exchange between various fiat currencies. Instead the fee goes to their bank, which does the actual fiat exchange.
The upshot is that if you place a bid in USD it shows up in Pounds, Euros, Baht, whatever else as well.
Source: MagicalTux in irc a few weeks ago.
June 01, 2013, 12:06:57 AM
May 31, 2013, 11:47:29 PM
Maybe this is a "support wall". Maybe some bull(s) doesn't want Bitcoin to crash, so he(they) support the current price as far as possible. Is this somebody from "Bitcoin Foundation"? If that, and if he continue supporting, we'll see stable price around 125-130 next few months before the new big rally.
May 31, 2013, 11:43:09 PM
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
Didn't say I believed that explanation, just that it was the simplest, as per Occam's Razor
Stand down noob assault team
Just meant nothing is more noob than wiring 1 mega to mtgox then putting up a bid wall like that. I guess he could of just plunked it into the ask wall.....now that would of been cool.
Aaah ... no worries
Multi currency, co-ordinated support - can only mean one thing ... Uncle Ben is coming to the rescue ...
The Fed is adopting BTC as their new reserve currency
May 31, 2013, 11:35:42 PM
Reminds me of the wall at 70 a few months ago.
May 31, 2013, 11:33:14 PM
I'm really curious as to why there's a wall in many currencies.
I do find it odd that there are bid walls on MtGox USD, EUR, and CAD. After being up for 5 hours, the wall is looking less and less fake.And in stark contrast, Bitstamp still has a sell wall. It's only half of the 8k sell wall it was last week, but there are almost as many coins are for sale below $132 on Bitstamp (4777) as on MtGox (4869).
May 31, 2013, 11:32:22 PM
LOL. A million comes into the order book and a million dollar wall goes up. Noob alert?
Didn't say I believed that explanation, just that it was the simplest, as per Occam's Razor
Stand down noob assault team
Just meant nothing is more noob than wiring 1 mega to mtgox then putting up a bid wall like that. I guess he could of just plunked it into the ask wall.....now that would of been cool.
May 31, 2013, 11:18:11 PM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Wall is gone - sell sell selll
Uh? I still see it.
Me too
Sell anyway
As long as it's here, we're safe.
May 31, 2013, 11:15:16 PM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Wall is gone - sell sell selll
Uh? I still see it.
Me too
Sell anyway
May 31, 2013, 11:06:14 PM
May 31, 2013, 11:00:20 PM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Wall is gone - sell sell selll
Uh? I still see it.
May 31, 2013, 10:48:48 PM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
Wall is gone - sell sell selll
May 31, 2013, 10:46:11 PM
Wallzilla killed the volume.
I'm really curious as to why there's a wall in many currencies.
I'm really curious as to why there's a wall in many currencies.
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