Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33604. (Read 26714791 times)

Yup, true. But slowly up we go... after leaving 131 behind, it should move veery fast.

Yeah but, 131 is ~1800 coins away.  Fundamentally, nothing has really changed.

Quick update from Bitstamp. 130 is done.

Based on Tony Coleby's chart, this is what I predict for the coming weeks:

(I drew the green, red and gray lines at the end)

could someone explain how to read the posts of chartbuddy?

I think Liberty Reserve is a factor but more a psychological one. I'm not sure we are seeing lots of LR users move into BTC, yeah some sure. But many people are seeing another "funding" mechanism closed down and there are fewer standing choices now. It is sort of like we are seeing our standing power. Really, doesn't at all seem like the government is after us. The best they could do thus far is to say, follow FinCen regulations and they shut a Dwolla funding source. (Most likely this will result in a fine and nothing more as it doesn't appear nefarious.)

I remember those "fake" ask walls, then I remember many of them getting eaten into or just plain eaten. We stopped seeing them. 

Better send him a personal message, his chart posting is automated. You're post might get lost in the flood of speculation.

Little present/upgrade for ChartBuddy, because he just keeps doing his job, never complaining...

https://i.imgur.com/3zqcD7D.png

.png format, no background, personalized, 400 x 200 pixels

I had money in LR

Fortunately I had exchanged the vast majority of my funds to Bitcoin. There was probably like 50-100 bucks hanging around in there, though.

People might be pricing that into the market. But if you lost money at LR, you probably have cash flow problems, probably not going to be buying BTC this second, more likely to be selling any BTC you have. Now if you have money you'd usually send to LR but now are going to send it to Gox, that won't happen for a few days.

I don't think any of this rally is directly from people affected by LR, but I do agree we will be seeing more money flowing through BTC in the next few weeks/months because of it.

To me, this rally seems like "3 weeks of stability - okay this BTC shit might actually be legit - lets buy some coins". Mixed in with a whole bunch of Bears who waited for cheap coins, couldn't get them, have accepted the fact they need to pay more to buy back in, and have bought back in. So to me, it's bump from weeks of stability and Bears who got left behind (and maybe the 10s of millions of new VC money we got in May).

EDIT: On a side note, has anyone else ever seen a stretch this long where there are almost no fake ask walls? No walls popping up on the edge, no big walls getting pulled right before the bulls arrive, the last 3 weeks pretty much every big wall has been eaten. I can't even remember the last time I saw an ask wall trying to cock block a rally. Checking the old wall thread, you can't go a single page without someone mentioning a fake wall moving around. This thread? Maybe every 10 pages it gets a mention.

very slowly nibling at the bitstamp 2k wall ..   i like

LibertyReserve going out of business is part of it also.  These LR users have to go somewhere. Bitcoin is the best option.

Memorial Day rally coming.

I would say no there isn't an official definition.  Back in the Bitcoinica days he made the platform look like the 5th decimal place was a pip.  Looked just like a pro forex site.  Also, Bitcoin goes out to 8 decimal places, yet a lot of the trading engines cut off at 5.  Kinda sucks.

There we go! Right through 135 !

Hopefully we'll have a run to 140 or something and then another period where we cool off. right know we're around 2% daily growth, which is intense imo.

You're right I'm talking about BTC asks to $135, there's a 'mini wall' on $135. Once that 'mini wall' gets bought I suspect the price will move quickly as the asks are much thinner until $137.00