Looks like classic head and shoulders forming.
Do you even know what that means or did you just come in here with your 7 posts and wanted to act funny?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33438. (Read 26496810 times)
May 22, 2013, 04:17:47 PM
Do you even know what that means or did you just come in here with your 7 posts and wanted to act funny?
May 22, 2013, 04:15:20 PM
123 ask wall broken through (with a 250BTC buy). That was fast...
May 22, 2013, 04:13:24 PM
Whooho!
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
Good for you, that's awesome! That to me is on topic at least compared to some of the stuff we get into. 
And thanks guys for posting your opinions on the current situation. It's obviously all speculation but some really excellent points that seem to be based on some real world truths. I guess it won't be long before we all know. I'm just waking up from a nap so catching up with the thread...now about those walls.
May 22, 2013, 04:11:06 PM
Yeah, it was pure luck. And completely crazy that such a big sell stops precisely at my bid (it did not fill it completely, just mostly).
Love that when it happens
Anyhow I love even more when the bid is filled completely, even if that means that the very bottom was a little lower
It definitely was a nice surprise on coming back.
Back to the topic of walls: 123.0 ask wall on mt.gox just getting eaten up. No more real walls to 124 then, lots of smaller orders though.
May 22, 2013, 04:06:22 PM
Yeah, it was pure luck. And completely crazy that such a big sell stops precisely at my bid (it did not fill it completely, just mostly).
Love that when it happens
Anyhow I love even more when the bid is filled completely, even if that means that the very bottom was a little lower
May 22, 2013, 04:05:45 PM
Looks like classic head and shoulders forming.
May 22, 2013, 04:03:47 PM
Bitstamp wall is slowly coming down.
May 22, 2013, 04:03:03 PM
May 22, 2013, 03:51:09 PM
Yeah, it was pure luck. And completely crazy that such a big sell stops precisely at my bid (it did not fill it completely, just mostly).
May 22, 2013, 03:41:02 PM
Whooho!
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
You're one lucky bastard, there was one big sell order of 800 BTC an hour ago that got your order filled.
May 22, 2013, 03:27:47 PM
Whooho!
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
Was afk for a while, and coming back see that most of my buy order at 117.11 got filled
Definitely of topic for this thread, but that was just too cool. *veryhappy*
May 22, 2013, 03:27:34 PM
Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.
We are waiting for the next big news to come, positive or negative to determine direction of the market. Technical market does not work in a trendless market.
Open Transactions and BitMessage integration is the big news.
Yes.
May 22, 2013, 03:24:22 PM
If you wait for headlines, you will always be one step behind.
When market was absolutely stagnant last week it only moved after the DHS seizure order news, but it still took 20-30 minutes before the swing started.
Something has to make people trade again.
Yes, my last post was kind of out of context. What I meant by that is that it is useful to speculate on these things, calling it "tinfoil hattery" does not mean it is illogical, just that you don't agree. As electricmucus said, this is not a time when chart analysis is going to help. Bitcoin has never been in the situation it is right now, and I think we can all agree that the sentiment of current holders is not being accurately reflected on the charts. Thus one must examine other possibilities. My theory didn't get pulled out of my ass, I just looked the evidence which led me to believe in an artificial price(ATM), asked who would benefit from such a situation, and went from there.
Given that headlines have played a role in price changes in the past, one has to wonder why this time is different, with heaps of the best news we have ever had.
May 22, 2013, 03:23:22 PM
Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.
We are waiting for the next big news to come, positive or negative to determine direction of the market. Technical market does not work in a trendless market.
Open Transactions and BitMessage integration is the big news.
May 22, 2013, 03:20:20 PM
These askwalls and bidwalls seem far too high considering there's such low volume.
I wonder if this is a kind of DOS against Bitcoin itself.
Someone with enough USD and BTC on the exchanges could create an artificial situation like this and pull the plug either way whenever they feel like it.
I wonder if this is a kind of DOS against Bitcoin itself.
Someone with enough USD and BTC on the exchanges could create an artificial situation like this and pull the plug either way whenever they feel like it.
This. These walls are way too coordinated.
Who would be selling right now, when Bitcoin is so obviously getting geared up to go?
So what are you guys suggesting the purpose and thus end result would be? Speculating of course.
My reason was the conference. And it still kind of is related to it. My guess now is that Big Money works in groups, Big Money has friends. And their friends now see Bitcoin in the same light the rest of us do(at least profit-wise) - but they're not quite ready. They need to get some internal infrastructure ready for the conversion to Bitcoin. Also they might be waiting on Bitcoin exchange infrastructure to accommodate their level of planned buying; can current exchanges handle multiple buys of millions of dollars?(I am asking, I don't know) So they get back to their Big Money friends like "Yes, we get it now. We just need a few days to get everything in order. Please just hold the price for a short time, to stop a panic buy among current holders(and other companies), so we can start the real buying at these prices when we're ready." This would more than pay for the money their friends spent holding the price, at these volumes its just too easy for them.
My guess would be is that they know a gold rush is inevitable, and that it will be a race. Not everyone knows they are going to end up having to run in this race, but the ones who do want to have a stable starting line as they're walking up, so they can make sure to get their affairs in order without any kind of panic.
As in, this stability is the "take your marks" portion of the race.
I think theres some logic there. Stability was needed for more than one reason. I see it as perfectly reasoned for vested interest players to collude like this, and i dont see that as a negative thing right now.
May 22, 2013, 03:20:12 PM
If you wait for headlines, you will always be one step behind.
When market was absolutely stagnant last week it only moved after the DHS seizure order news, but it still took 20-30 minutes before the swing started.
Something has to make people trade again.
Will this do?
http://s20.postimg.org/ny8mxg8jh/Capture.jpg
May 22, 2013, 03:12:53 PM
If you wait for headlines, you will always be one step behind.
When market was absolutely stagnant last week it only moved after the DHS seizure order news, but it still took 20-30 minutes before the swing started.
Something has to make people trade again.
May 22, 2013, 03:08:55 PM
Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.
If you wait for headlines, you will always be one step behind.
May 22, 2013, 03:05:05 PM
Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.
We are waiting for the next big news to come, positive or negative to determine direction of the market. Technical market does not work in a trendless market.
May 22, 2013, 03:03:04 PM
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