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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33494. (Read 26496056 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
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?
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"

meanwhile on bitstamp I doubt we're going about 115 for a long time
member
Activity: 84
Merit: 10
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.
hero member
Activity: 686
Merit: 501
Stephen Reed
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 ?

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.
hero member
Activity: 686
Merit: 501
Stephen Reed
The sustained rally, having broken through the resistance at $116, is now facing resistance at $120 and beyond that $125.

hero member
Activity: 938
Merit: 500
https://youengine.io/
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 ?

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.
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
I'm thinking $120 is this kind of wall:

legendary
Activity: 2097
Merit: 1070
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

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.
legendary
Activity: 1148
Merit: 1018
Well, with the last market buy I did at $116ish a few ours ago I'm now 90% in.

So.... Go bulls, go! Smiley
hero member
Activity: 938
Merit: 500
https://youengine.io/
we have yet to even touch 120

Touched it almost already
Code:

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sr. member
Activity: 353
Merit: 250
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
legendary
Activity: 2097
Merit: 1070
hero member
Activity: 938
Merit: 500
https://youengine.io/
hero member
Activity: 938
Merit: 500
https://youengine.io/
Code:

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sr. member
Activity: 252
Merit: 250
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"


A valiant attempt but $120 isn't dead yet.
hero member
Activity: 938
Merit: 500
https://youengine.io/
Yeah 120 looks about to break now, went from 6k to only 2k left to break 120 and still shrinking.
Your 2k number is wrong:
legendary
Activity: 1246
Merit: 1000
Yeah 120 looks about to break now, went from 6k to only 2k left to break 120 and still shrinking.

4770 now, now sure where you see 2k

Oops was looking at clarkmoody, it was 2k to touch 120 wall not break it.
legendary
Activity: 2097
Merit: 1070
call quick reptelia guy he have unlimited money, and he can sky rocker the price.

They put him on lockdown for a few days.
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