Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34108. (Read 26623248 times)

Million Dollar (14K coin) Bidwall just went up @ $70!  Hope it holds.

Someone is throwing up big bid walls

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.

70 gone

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!

Don't you think we'll re-test the ~$50 price beforehand?

Notice the pattern in price every 24hrs.. Is a drop of almost $10

***** April 16th 2013*****


***** April 15th 2013*****



***** April 14th 2013*****

good post.

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?

Volume around $50 was insane. The resistance at this price will now be over 9000, or something.

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

So now we have to stay on topic all of a sudden? Alright, here is a wall pic and I predict the price to reach $1000 before July and $10k before 2014.

Wall post!

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com (This information may be out of date)

Recommendations
Do: Post TA and news items related to Bitcoin, engage in friendly debate and banter, ignore people who offend or insult you
Don't: Be a drama queen

---

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!



the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...