CHAAARGEEEE!!!!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33310. (Read 26463308 times)
May 17, 2013, 08:54:36 AM
May 17, 2013, 08:54:31 AM
looks like people are panic buying back in now the price is on the way up... 
I don't see any panic. People have been buying in steadily since the price was about $115.
I suspect the panic buying will really start after we break $120/$121+
I just wonder if it will have enough momentum to push through $125. If it does then we're going to be in for a wild ride, again.
May 17, 2013, 08:49:23 AM
looks like people are panic buying back in now the price is on the way up...
May 17, 2013, 08:44:48 AM
meanwhile on bitstamp I doubt we're going about 115 for a long time
Yeah we need more buyers on bitstamp.. where are the arbitrage bots when you need them?
May 17, 2013, 08:44:19 AM
The Market Depth is jumping up nice again on MtGox. Yesterday was a great day in that respect and the jump to today is likewise good.
Yes, big if regarding manipulation, but just to put the numbers out there.
Bids at $70 are up another 15k to 145k. Highest this month. Also, buy side at $5 and $15 are climbing up.
Asks at $120 are down another 12k to 120k. Lowest this month.
100k sells are at $220. Highest level since end of April.
50k and 100k buy levels are highest in a month as well.
Manipulation to explode up or a real sign?
Yes, big if regarding manipulation, but just to put the numbers out there.
Bids at $70 are up another 15k to 145k. Highest this month. Also, buy side at $5 and $15 are climbing up.
Asks at $120 are down another 12k to 120k. Lowest this month.
100k sells are at $220. Highest level since end of April.
50k and 100k buy levels are highest in a month as well.
Manipulation to explode up or a real sign?
May 17, 2013, 08:41:43 AM
meanwhile on bitstamp I doubt we're going about 115 for a long time
May 17, 2013, 08:39:35 AM
I think the 120 wall gets bought for sure. Market sentiment is very different than it was pre-Dwolla drama where resistance resisted. The real test for the last 3 weeks is 125.
May 17, 2013, 08:39:06 AM
I'm a little confused by the above chart. I can clearly see sell orders for 3377 BTC between $118.00 and $118.99999 on Clark Moody but nothing shows up on your chart in that area.
What does it represent ?
What does it represent ?
Its a depth chart. Its the same data that clarkmoody would show if clarkmoody would work correctly. I would not rely on clarkmoody at all for trading, it is extremely buggy and shows orders where there are no orders anymore, sometimes you even see asks lower than the highest bid and bids higher than the lowest ask.
Clark Moody does a great job, however the Mt.Gox data feed has numerous problems that you describe. Chiefly the Mt.Gox data feed is not always consistent with regard to depth and trades.
May 17, 2013, 08:34:52 AM
The sustained rally, having broken through the resistance at $116, is now facing resistance at $120 and beyond that $125.
May 17, 2013, 08:32:13 AM
I'm a little confused by the above chart. I can clearly see sell orders for 3377 BTC between $118.00 and $118.99999 on Clark Moody but nothing shows up on your chart in that area.
What does it represent ?
What does it represent ?
Its a depth chart. Its the same data that clarkmoody would show if clarkmoody would work correctly. I would not rely on clarkmoody at all for trading, it is extremely buggy and shows orders where there are no orders anymore, sometimes you even see asks lower than the highest bid and bids higher than the lowest ask.
May 17, 2013, 08:32:00 AM
I'm thinking $120 is this kind of wall:
May 17, 2013, 08:30:36 AM
Feels like someone buying all he can get "cheap", then letting the price settle again for a while.
Would make sense, if you have enough reserves to produce a "real" uptrend afterwards
Would make sense, if you have enough reserves to produce a "real" uptrend afterwards
Yes, buying a few thousand 'cheap' right off the orderbook will leave a void that can be filled with other asks. Then he can buy cheap again within the same price range.
It's risky as someone else could jump in with a big buy and raise the price by several $ but maybe this same guy owns a sizeable chunk of the walls around $119-$120 to keep the price down while he's buying.
It's hard to second guess these strategies but I have no doubt someone's proceeding with their plan here.
May 17, 2013, 08:29:25 AM
Well, with the last market buy I did at $116ish a few ours ago I'm now 90% in.
So.... Go bulls, go!
So.... Go bulls, go!
May 17, 2013, 08:25:06 AM
we have yet to even touch 120
Touched it almost already
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May 17, 2013, 08:24:48 AM
Feels like someone buying all he can get "cheap", then letting the price settle again for a while.
Would make sense, if you have enough reserves to produce a "real" uptrend afterwards
Would make sense, if you have enough reserves to produce a "real" uptrend afterwards
May 17, 2013, 08:24:14 AM
May 17, 2013, 08:21:51 AM
May 17, 2013, 08:18:48 AM
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