3.5k wall on 75 eaten in seconds
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34107. (Read 26611972 times)
April 16, 2013, 09:47:28 PM
April 16, 2013, 09:47:12 PM
3.5k wall on 75 eaten in seconds
April 16, 2013, 09:45:32 PM
I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
'tis a valid point.
probably for this reason alone we will not go below $50 my hunch is
with image - 1.11M dollars.... now what i want to know is if this is someone very rich who put that money into the system, or someone who sold a lot of coins at $260ish and now has all that to play with on Gox...? thoughts?
April 16, 2013, 09:43:40 PM
It's easy. If you want to buy a million dollars worth of coins, you're probably pretty smart and know what you're doing. And if you know what you're doing, then you don't try to buy them by putting one order in the order book at one price thats been beaten through several times in the last 24 hours.
April 16, 2013, 09:42:01 PM
I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
'tis a valid point.
April 16, 2013, 09:41:49 PM
April 16, 2013, 09:36:03 PM
I'm worried someone will take them up on the offer and dump 15k BTC on the market. Even if it's a fake/bug wall, I'm still surprised no one has decided to test it. 30% of the people predicting the 24 hr low think we'll be below $50 within 20 hours.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
So if no one will bite on the $70 mega buy out, they certainly won't be dumping if it slides into the $60 or $50s. At least for now the panic has left the room.
to buy or not to buy...
April 16, 2013, 09:18:36 PM
But that's the thing with these. Does someone want to buy a lot of coin and not move the market prices? Or does the wall encourage an upward trend since it is well, a wall? Or rather, downward pressure for tons of people to sell into and it can maybe hold? Or... all of the above?!
April 16, 2013, 09:16:38 PM
Million Dollar (14K coin) Bidwall just went up @ $70! Hope it holds.
Looks like we've run out of panic sellers.
April 16, 2013, 09:14:41 PM
Million Dollar (14K coin) Bidwall just went up @ $70! Hope it holds.
April 16, 2013, 09:02:00 PM
April 16, 2013, 09:01:32 PM
Someone is throwing up big bid walls
April 16, 2013, 08:59:03 PM
looking at this chart I wonder how many people would have an incentive to borrow money at high interest just to paint some volume for us TA experts. I mean seriously, if I wanted to cash out 200k bitcoins, I would easily pay 30% p.a. interest for three weeks to borrow $10M. Given the only risk is that MtGox will not give me back my money I guess it would even be easy to convince some wealthy friend who is not at all into Bitcoin.
April 16, 2013, 08:56:58 PM
70 gone
April 16, 2013, 08:47:32 PM
Don't you think we'll re-test the ~$50 price beforehand?
doubtfull,the 50$ floor is not imaginary.
it all comes down to psychology
sellers don't want to sell below 50$
buyers are happy to buy tons at 50$
... RALLY!
April 16, 2013, 08:32:26 PM
Don't you think we'll re-test the ~$50 price beforehand?
April 16, 2013, 07:17:40 PM
Notice the pattern in price every 24hrs.. Is a drop of almost $10
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April 16, 2013, 06:50:59 PM
good post.
ok, on topic:
Here you can see the big buy wall at $50 that a large amount of people have put up in case the price drops while they are AFK.
After reading the forums all day - and a lot of "old hand" at that - it seems $50 is the most talked about bottom. Perhaps a psychological sticking point if you will.
This is my first attempt to read this chart publicly...
Also, could someone please tell me what the green line represents exactly?
when / if we drop down to 50's for good, everyone will be talking about 40$ being the bottom
the green line is the price moving up and down during the last 12h of trading.
ok, on topic:
Here you can see the big buy wall at $50 that a large amount of people have put up in case the price drops while they are AFK.
After reading the forums all day - and a lot of "old hand" at that - it seems $50 is the most talked about bottom. Perhaps a psychological sticking point if you will.
This is my first attempt to read this chart publicly...
Also, could someone please tell me what the green line represents exactly?
when / if we drop down to 50's for good, everyone will be talking about 40$ being the bottom
the green line is the price moving up and down during the last 12h of trading.
April 16, 2013, 06:45:41 PM
ok, on topic:
Here you can see the big buy wall at $50 that a large amount of people have put up in case the price drops while they are AFK.
After reading the forums all day - and a lot of "old hand" at that - it seems $50 is the most talked about bottom. Perhaps a psychological sticking point if you will.
This is my first attempt to read this chart publicly...
Also, could someone please tell me what the green line represents exactly?
April 16, 2013, 06:15:07 PM
Volume around $50 was insane. The resistance at this price will now be over 9000, or something.
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