Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33236.

icekiss

member

Activity: 70

Merit: 10

Quote from: Miz4r on May 24, 2013, 09:03:45 AM

Quote from: icekiss on May 24, 2013, 08:59:02 AM

bitstamp is really racing today: broken through 125$ (no real walls, but about 500BTC in orders). 670BTC left to 126!

The ask wall at 127.72$ simply got pulled again because nobody bought and price moved away. Completely senseless, why not just buy into the walls if you are placing it that close to them? Huh

You mean bid wall right? Bid wall is on the buying side, ask wall is on the selling side. Wink

Yeah, sorry, typo. Meant bid wall of course. Cheesy

bitstamp running along: now up to 126.2$!

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Its immposible when people remove their fiat from mtgox and change them to the bitcoins to price fall down but it will eventually Cheesy

and i have a lot of popcorn Cheesy

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: Jaroslaw on May 24, 2013, 09:11:51 AM

Bulls logic when price is going UP: BUY now or you will miss your chance, its now or never.

Bulls logic when the price is FALLING: cheap coins, BUY BUY BUY.

Didn't you cash out? Oh you're waiting to buy back in? Ah cool.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Jaroslaw on May 24, 2013, 09:11:51 AM

Bulls logic when price is going UP: BUY now or you will miss your chance, its now or never.

Bulls logic when the price is FALLING: cheap coins, BUY BUY BUY.

Oh damn Jaroslaw has discovered our secret strategy! Shocked

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Bulls logic when price is going UP: BUY now or you will miss your chance, its now or never.

Bulls logic when the price is FALLING: cheap coins, BUY BUY BUY.

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Hey Bears... *knock knock*

ChartBuddy

legendary

Activity: 2268

Merit: 1782

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: icekiss on May 24, 2013, 08:59:02 AM

bitstamp is really racing today: broken through 125$ (no real walls, but about 500BTC in orders). 670BTC left to 126!

The ask wall at 127.72$ simply got pulled again because nobody bought and price moved away. Completely senseless, why not just buy into the walls if you are placing it that close to them? Huh

You mean bid wall right? Bid wall is on the buying side, ask wall is on the selling side. Wink

tulkos

member

Activity: 74

Merit: 10

walls are falling everywhere Shocked

BUY BUY BUY don't get caught in the traffic!

phorensic

hero member

Activity: 630

Merit: 500

Quote from: Its About Sharing on May 24, 2013, 08:50:29 AM

Quote from: ardana123 on May 24, 2013, 08:41:16 AM

Why is volume on gox so low though? Last week we still had 100k+ volume

People are moving off of Gox since the DHS thing, is my guess. So, volume is picking up elsewhere.

Yep. See blockchained.com graphs above to confirm. Although in the all-time scale it seems like a tiny blip.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

I'd like to see us stay above $127 or so, as that seems to be a support/resistance level from April 20-22. Would much rather be sitting on it that pushing at it. Wink

Next resistance level I see is that $135 range from April 3, 4 and 27.

icekiss

member

Activity: 70

Merit: 10

bitstamp is really racing today: broken through 125$ (no real walls, but about 500BTC in orders). 670BTC left to 126!

The ask wall at 127.72$ simply got pulled again because nobody bought and price moved away. Completely senseless, why not just buy into the walls if you are placing it that close to them? Huh

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: dexX7 on May 24, 2013, 08:52:15 AM

Ask/Bids at Gox:

Strange pattern, but I guess people are leaving, but those who stay, see a higher price.

The ask sum line looks like a dead cat bounce lol.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: ManBearPig on May 24, 2013, 08:55:15 AM

Quote from: dexX7 on May 24, 2013, 08:52:15 AM

Haha those Pacman pictures are brilliant.

For high frequency trading we would need faster exchanges, I think. Order execution and data propagation at Bitstamp takes more than 5 seconds.

Anyway. Highest high since 2nd march!

Ask/Bids at Gox:

Strange pattern, but I guess people are leaving, but those who stay, see a higher price.

2nd May surely?!

Oh sorry. Yeah of course.

And there goes 125. It's nice to see the difference between Gox and Bitstamp vanish.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: dexX7 on May 24, 2013, 08:52:15 AM

Haha those Pacman pictures are brilliant.

For high frequency trading we would need faster exchanges, I think. Order execution and data propagation at Bitstamp takes more than 5 seconds.

Anyway. Highest high since 2nd march!

Ask/Bids at Gox:

Strange pattern, but I guess people are leaving, but those who stay, see a higher price.

2nd May surely?!

dexX7

legendary

Activity: 1106

Merit: 1026

Haha those Pacman pictures are brilliant.

For high frequency trading we would need faster exchanges, I think. Order execution and data propagation at Bitstamp takes more than 5 seconds.

Anyway. Highest high since 2nd ~~march~~ may!

Ask/Bids at Gox:

Strange pattern, but I guess people are leaving, but those who stay, see a higher price.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ardana123 on May 24, 2013, 08:41:16 AM

Why is volume on gox so low though? Last week we still had 100k+ volume

People are moving off of Gox since the DHS thing, is my guess. So, volume is picking up elsewhere.

icekiss

member

Activity: 70

Merit: 10

wall report:
mt.gox: 129.0$ getting eaten fast (400BTC so far)
bitstamp: 330BTC bid wall at 124.72$ just appeared. No interest in touching it, just buys eating away at the ask walls.

Miz4r

legendary

Activity: 1246

Merit: 1000

Buy and hold does seem like the best strategy right now.. until we get into a new volatile phase again.

MickeyT2008

sr. member

Activity: 350

Merit: 250

This account was recently hacked

Quote from: ardana123 on May 24, 2013, 08:41:16 AM

Why is volume on gox so low though? Last week we still had 100k+ volume

Some of the low volume has to be because although the price is climbing it isn't fluctuating much, this means that with Mt Gox's commission there's little to gain by daytrading at the moment.

Edit: Daytrading is risky right now too because you could easily sell, then get left behind and have to buy back for more than you sold for.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33236. (Read 26463979 times)