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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33743. (Read 26462747 times)

newbie
Activity: 56
Merit: 0
is Gox down ? Huh

It has been on and off. Didn't affect trading once it came back earlier though. Getting hit with DDOS.

Sure seems so, the market doesnt seem to be impressed for now. But how long will it hold up ?

Fekin Gox
sr. member
Activity: 280
Merit: 250
is Gox down ? Huh

It has been on and off. Didn't affect trading once it came back earlier though. Getting hit with DDOS.
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
is Gox down ? Huh

false alarm it's up again
legendary
Activity: 2534
Merit: 2245
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?

lol from what it looks like to me, there was no crash. there was merely a crazy month-long hyper bubble that popped and barely made a dent in the overall growth trend.

MtGox unusable once more. Even trying to cash out to BTC is a chore with that craphole.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Bitcoin is not a dead cat bounce, bitcoin is the bull of the century!

http://www.youtube.com/watch?v=ndshbH3qZ6Y <- take your gold to the shop and sell it ( burn gass, and get 50$ less then spot -_- ) , buy bitcoin its just better...
legendary
Activity: 840
Merit: 1000
Well if it isn't a dead cat bounce, it doesn't need to be 'different this time' as it was only a correction in the first place, hehe  Tongue
sr. member
Activity: 280
Merit: 250
So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?

Well, this could just be the dead-cat-bounce after the bubble popping. But I truly believe that "it's different this time".

legendary
Activity: 840
Merit: 1000
So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?

lol from what it looks like to me, there was no crash. there was merely a crazy month-long hyper bubble that popped and barely made a dent in the overall growth trend.

I think quite a few people are starting to agree with that assessment. It may very well have been a rather incredible correction. One was needed for sure anyway so perhaps that is all it was in the end.
member
Activity: 110
Merit: 10
So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?

lol from what it looks like to me, there was no crash. there was merely a crazy month-long hyper bubble that popped and barely made a dent in the overall growth trend.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
So.....I'm nervous to say it lest I be the one who pops the bubble: Is the crash over? Back to growth?
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.

Already said it a couple of days ago:
Gox leads in volume
Bitstamp leads in price

I have seen huge volumes on bitstamp recently, I guess ex goxxers looking for shelter.

A week ago it was cheaper in general, indeed I always found it cheaper till today. But yes, larger volumes showing up which convinced me to move over.
legendary
Activity: 1106
Merit: 1001
A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.

Individual walls are meaningless, but the total sum is a very good indicator of ... something.

Bid sum just went higher than 20 mil for the first time.
sr. member
Activity: 280
Merit: 250
A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.

Individual walls are meaningless, but the total sum is a very good indicator of ... something.
full member
Activity: 168
Merit: 100
A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
sr. member
Activity: 462
Merit: 250
Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.

Already said it a couple of days ago:
Gox leads in volume
Bitstamp leads in price

I have seen huge volumes on bitstamp recently, I guess ex goxxers looking for shelter.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Bitstamp is actually several dollars above Gox and has been for a few hours. Color me surprised to say the least.
sr. member
Activity: 280
Merit: 250
Well, something is about to happen, that's for sure. I'm betting on "up" personally.



LOL, not 30 seconds later:



Strong break upwards:

sr. member
Activity: 280
Merit: 250
Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.

True

A lot of that is ephemeral too though. People are changing their orders all the time. Once things start moving, you can't count on much. The only way to judge support really is to watch how the price moves.

But combined with the bid sum being back on track I think those are strong indicators for buying pressure.



(Although we have a healthier ask sum this time so hopefully the rise will be more gradual)
full member
Activity: 196
Merit: 100

Don't like those huge walls on the bid side
if they get pulled a flash crash is inevitable


I don't think we are gonna see the 80$ and 70$ walls pulled, at least in the next few days.
legendary
Activity: 2534
Merit: 2245
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.

True

A lot of that is ephemeral too though. People are changing their orders all the time. Once things start moving, you can't count on much. The only way to judge support really is to watch how the price moves.
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