Im going short here fully leveraged. This reminds me of the recent 140 high with no volume. Looking for 105ish to make me a nice 25% gain.
Was just on cam with Bitsinmyhead, was a little awkward.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33603. (Read 26495280 times)
May 10, 2013, 03:37:46 AM
Was just on cam with Bitsinmyhead, was a little awkward.
May 10, 2013, 03:34:37 AM
volume on the rise
not boring anymore
not boring anymore
May 10, 2013, 03:34:31 AM
Bring it on!
May 10, 2013, 03:34:11 AM
May 10, 2013, 03:33:47 AM
Gentlemen, we are going up. 
May 10, 2013, 03:31:53 AM
500k of Bitcoins to start your day. Someone was hungry. And we barely moved. 
But someone removed ~5k from 115.
Yup looks a lot better. 1.2M to 20, 10k coins. Should be able to slowly move up, that last wall at 120 is a big chunk of it.
May 10, 2013, 03:31:20 AM
false breakout?
hope not ...
hope not ...
May 10, 2013, 03:30:35 AM
Wow, props to Rampion on that timing
This is only the beginning.
Goooo Bulls!
May 10, 2013, 03:30:17 AM
500k of Bitcoins to start your day. Someone was hungry. And we barely moved.
But someone removed ~5k from 115.
Edit: 500k?
May 10, 2013, 03:27:41 AM
Wow, props to Rampion on that timing
This is only the beginning.
May 10, 2013, 03:27:17 AM
500k of Bitcoins to start your day. Someone was hungry. And we barely moved.
May 10, 2013, 03:26:32 AM
Wow, props to Rampion on that timing
May 10, 2013, 03:26:16 AM
There will be a bloodshed very soon, and I see bears in a world of pain.
Good luck to the ones shorting with 4:1 leverage
Good luck to the ones shorting with 4:1 leverage
The bids are pushing forward, much newer orders.
Median order date for the asks <= 122 is Wed, May 8th 15:18:25 GMT.
Median order date for the bids >= 102 is Thu, May 9th 01:42:53 GMT.
That means half the asks from 114-122 were made before Wed, May 8th 15:18:25 GMT. That close to the edge, that's a lot of orders that are in no hurry to sell and haven't changed for days.
The bids are much more recent and pilling up faster. When it gets pushed, it's likely to be pushed up. How far depends on how many people join in.
May 10, 2013, 03:20:35 AM
May 10, 2013, 03:16:06 AM
There will be a bloodshed very soon, and I see bears in a world of pain.
Good luck to the ones shorting with 4:1 leverage
Good luck to the ones shorting with 4:1 leverage
May 10, 2013, 03:12:03 AM
Very interesting post - it describes my position perfectly. After a week of buying selling several times a day, I've been left on the sidelines waiting for movement before jumping back in.
How long would you expect this "stability" to last?
I have a feeling there are a lot of people waiting.
$103-$104 will scare a few people into selling, others might sell into the drop hoping to push it even lower letting them get back in. It should shake up the ask resistance at a minimum.
$118-$119 will lure some people in who are hungry for a rally. It also causes some asks to pull the order, wait to see how far the mini rally goes, then sell.
But we're talking a lot of coins down, a lot of fiat up. Those ask/bids are extremely staggered. You can watch them jostle for position trying to get in front to be the first bid buying or the first ask selling. It's actually pretty funny watching them shift around. Which leads me to believe there's not many fake walls on either side at least in the 5% up/down range.
May 10, 2013, 03:11:45 AM
I return to my uneternal slumber...
where will we be when the sun rises? More nowhere perhaps. I'm expecting the downtrend to continue though.
where will we be when the sun rises? More nowhere perhaps. I'm expecting the downtrend to continue though.
May 10, 2013, 03:07:15 AM
This is called market making and is very healthy/quite useful. From what I hear, mature markets all have this type of behavior in very large volumes.
For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.
For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.
For Bitcoin I agree it's a good thing. I personally prefer volatility, bloodshed, panic, despair, exuberance and then of course exhaustion. I guess the roller coaster has to slow down at some point, at least for awhile.
Just wait... any market makers that have too tight a clamp on the market will get washed out as soon as we break out decisively.
May 10, 2013, 03:03:38 AM
This is called market making and is very healthy/quite useful. From what I hear, mature markets all have this type of behavior in very large volumes.
For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.
For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.
For Bitcoin I agree it's a good thing. I personally prefer volatility, bloodshed, panic, despair, exuberance and then of course exhaustion. I guess the roller coaster has to slow down at some point, at least for awhile.
May 10, 2013, 03:02:12 AM
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