Decent wall at $120. I have an optimistic Bid just above it, I don't see it being filled any time soon
Same distance in BTC as to the $145 wall.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33946. (Read 26503499 times)
April 23, 2013, 07:20:06 AM
Decent wall at $120. I have an optimistic Bid just above it, I don't see it being filled any time soon
Same distance in BTC as to the $145 wall.
April 23, 2013, 01:09:04 AM
bull wall on 120
April 22, 2013, 11:19:44 PM
because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.
It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.
So, you think this is bearish? (Just asking, no ill will intended).
April 22, 2013, 10:57:37 PM
Only 6k to $130 now...
In other news, the price in China is still depressed. All the arbitrage bots will be running backwards.
In other news, the price in China is still depressed. All the arbitrage bots will be running backwards.
April 22, 2013, 10:15:06 PM
Two bluff 1KBTCish bid walls at 129$ got called. Organic bids not ramping up much. It seems like everyone is waiting for a big buyer to show up and do all the work.
April 22, 2013, 10:11:11 PM
because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.
It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.
April 22, 2013, 10:08:28 PM
each time it come closer to 130$ gox starts lagging
April 22, 2013, 09:14:18 PM
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.That's exactly what I was looking at, how many coins are needed for 130, not how exactly big is that wall itself.
Before that big sale it looked it's going to be eaten in hour or two but as much as that sell off didn't make too much influence on the price, it did slow the trend.
Quote
lol omg 15-20 minutes!! sell sell sell
Why all wannabebullandlookcool think they're funny with such comments.
April 22, 2013, 09:09:49 PM
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.
April 22, 2013, 08:51:55 PM
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome. April 22, 2013, 08:48:26 PM
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome. April 22, 2013, 08:42:09 PM
that 130 wall is not getting smaller... 10% up in last 15-20 minutes
April 22, 2013, 08:06:05 PM
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
It could be a well-intentioned early adopter trying to cool things down.
Actually, a 5k wall would have possibly a more destabilizing effect . . . As you can see a few minutes later, there was virtually no effect.
Yes. Oftentimes, when it's apparent that we're heading up, large walls are eaten up in one single buy. This is usually followed by more panic buying.
What?
Imagine if an equally sized single 5k buy were put in now. It would have just as big of a destabilizing effect, if not much more, than if the 5k wall would have been up. The 5k wall would have added to the current 5k wall to form a 10k wall. If a 10k buy order was put in right now, it would still eat away that wall, and take us flying to $132 in one fell swoop causing another huge panic buy with no wall of any measurable amount until $140. With the 10k wall up, the price would have been much more stable and while the wall still would have been eaten, it wouldn't be such a huge gain in a matter of seconds so the panic buys would be reduced by a ton.
Market orders by definition ALWAYS reduce market stability while limit orders always increase it. Why? Because market = reducing market depth, while limit = increasing market depth. Market depth == good & stable.
April 22, 2013, 07:52:52 PM
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
It could be a well-intentioned early adopter trying to cool things down.
Actually, a 5k wall would have possibly a more destabilizing effect . . . As you can see a few minutes later, there was virtually no effect.
April 22, 2013, 07:52:20 PM
he barely changed anything, same number of coins needed for 130 as before his dump.
What he changed was he put a few coins into my wallet 
April 22, 2013, 07:51:18 PM
he barely changed anything, same number of coins needed for 130 as before his dump.
April 22, 2013, 07:51:02 PM
I don't think it was someone wanting to push the price down. If they were, they would not have limited at $125, they would have just continued to sell down instead of leaving the last few hundred coins sit as a mini wall. I think someone wanted minimum $125 for their 5k coins, and saw an opportunity.
April 22, 2013, 07:50:53 PM
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
It could be a well-intentioned early adopter trying to cool things down.
April 22, 2013, 07:48:55 PM
You're expecting rational action from traders... oh wait 
Yeah price has been quite calm as far as things in Bitcoin are concerned. Hopefully a rally this week again?
Yeah price has been quite calm as far as things in Bitcoin are concerned. Hopefully a rally this week again?
April 22, 2013, 07:48:19 PM
Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
The slippage is not that great, consider what we had been having.
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