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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33538. (Read 26461176 times)

member
Activity: 65
Merit: 10
420
hero member
Activity: 756
Merit: 500
Gox down kinda sorta. half ass
hero member
Activity: 894
Merit: 501
Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I have no idea, but would have thought that this ostensibly lame downturn might be a tactic to make sure enough people sell in anticipation of a fall, so that there's more people ready to buy his coins after he drops the price significantly?
sr. member
Activity: 434
Merit: 250
Actually yes. Creeping up since the huge volume at $80. EMAs crossed at around $96.

News appeared here at around $100-$102.
legendary
Activity: 1442
Merit: 1000
Antifragile
China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.

That is a bit scary. It had to be that 30 minute CCTV spot.

Now, a few of those people are probably going to be buying BTC's in the near future. In a way, it could be like the Cypress event, in that sudden buying pressure may come...

Great news,
IAS
hero member
Activity: 540
Merit: 500
The future begins today
The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.

Actually no.

https://bitcointalksearch.org/topic/m.2023673

After this the price went up about ~6$
sr. member
Activity: 434
Merit: 250
The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.
member
Activity: 84
Merit: 10
supernode
Looks like bulls fails one more.

SAQ
newbie
Activity: 56
Merit: 0
Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I think a lot of people moved their bids from 70/80 to 90-100
hero member
Activity: 540
Merit: 500
The future begins today
The market is overreacting. It would take days till we see any impact in the market (even if we would).
SAQ
newbie
Activity: 56
Merit: 0
Lol massive dump could barely get it down to 110. Weak I think considering we moved from 95 to 115 in such a short time.
hero member
Activity: 628
Merit: 500
Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.
member
Activity: 65
Merit: 10
These walls/hills won't let me sleep....
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
Bulls: Chargeeeee! Doh.

420
hero member
Activity: 756
Merit: 500
You guys need to keep in mind that rpietila is the same guy who didn't know how to prove he had bitcoins other than sending them to some random noob troll and then asking for it back. LOL

 Roll Eyes

before bitcoin there was no smoothie.
as long as there's been bitcoin smoothie's been an expert, never a noob

we get it smoothie
SAQ
newbie
Activity: 56
Merit: 0
China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.

Yup, I knew those bid wallers at 90 knew something I didn't. The download yesterday went from 1000 to 10,000 to 20,000 today.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it.

Hail The King, The Master Of Market Analysis

sr. member
Activity: 448
Merit: 250
this statement is false
So now almost everyone is a bear? Investor cycle says we are going up then.  Tongue

ok wake me up when we going up bro.

awake yet?

we've reached a short-term bottom.

I bought in at 97 Sad So much for that whole Elliot wave thing... Grrrrr

why you sad

pretty soon people will be all like "damn i KNEW i should've bought under 100"

i'm sick and tired of taking abuse, but no praise. i hope you TA-naysayers who wrote off my analysis because it was 'obvious' that we were going straight to $50 buy at the top of this minibull.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
I think it's an extremely low volume, it's possible that we are overreacting.
You don't say? Bitcoin overreaching? Tongue

I'm just saying completely the same volume as 30-days ago on BTCChina

China is big. Bitcoin wants to be big. Get on the rocket to the moon or be left behind with the other bears!

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/

So, if China is a big fan of digital currency why did they banned their own Q-coin?

Not enough supernodes.
hero member
Activity: 574
Merit: 500
China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.
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