Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1143. (Read 1811595 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
No it suggest something different than walls, those 2 zones are actual support and resistance.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess



Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate

If it's so strong why aren't we going higher?

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50

give it a minute, the "stealth support" has already pushed us to 8.60 a few times
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
This gives us a better idea of what is actually happening



What?...that we know how hot or cold the market is?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
This gives us a better idea of what is actually happening

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess



Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate

If it's so strong why aren't we going higher?

$8.40 is temporary. In 2.5 weeks we will have touched below $7.50
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess



Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)

it looks like their isn't much bitcoin, it gets sold into and then a new bids pops up
its been doing this every since we got down to 8.40 yesterday
support at 8.40 is much stronger then you estimate
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess



Well from the looks of it...not much btc is on the buy orderbook at that level.

Price is headed to $7 range as I predicted 3 days ago for the next three weeks (at some point it will touch $7.50 or below)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
If buying doesn't pick up I expect the market will go down before the end of the weekend.

we aren't breaking 8.40 because people are buying, by placing bids above 8.40

How strong this support is, is anyone's guess

hero member
Activity: 1302
Merit: 502
If buying doesn't pick up I expect the market will go down before the end of the weekend.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

8.40 has been taking a beating for a long time, and its still holding
a good sign. and a number worth remembering 8.40

legendary
Activity: 2282
Merit: 1050
Monero Core Team
Virtex is acting very bullish

Most of the time Virtex is a good 10 - 30 cents lower then mtgox
now its almost 20 cents over mtgox price


oh and the 2 recently executed order are me filling small bids Tongue


There is the USD / CAD rate of 1 USD = 1.0219 CAD to also take into account. This still places MtGox higher than Virtex but not by much. 8.691 CAD (8.505 USD)  for MtGox vs 8.605 CAD for Virtex.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Virtex is acting very bullish

Most of the time Virtex is a good 10 - 30 cents lower then mtgox
now its almost 20 cents over mtgox price


oh and the 2 recently executed order are me filling small bids Tongue
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
I am finding my BTC position less and less a pure speculative play and more and more like my physical PM position...

do I itch to play the volatility?

oh yes...I do...very much so

do I want to be caught in bennie bux when the band stops playing?

?

?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's!  Grin

You sold, right?

Yeah... at 8.50, 8.75, and at 9.00, do you think I shouldn't have?

he thinks you should be able to buy back  at 4.xx 5.xx

Hold on to that USD, it could be worth something one day   Kiss
full member
Activity: 238
Merit: 100
It'll accelerate.  There are more bitcoin for sell on MtGox now than there have been for a while.  The price has gone up a lot in the past couple months and lots of people want to cash out apparently.  I think we could go into the 5s.

Oh you are so bullish, I think we will go to the 4's!  Grin

You sold, right?

Yeah... at 8.50, 8.75, and at 9.00, do you think I shouldn't have?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap


Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.


I'm sorry ...were we still talking about pirate?

ya the guy that dumped 100,000 coins from 9.20 to 7.60

he trapped himself.

and all you lemmings are fallowing him off the cliff, thinking hes going to save you.

TAKE YOUR BITCOIN PROFITS

No just so we are clear I have no faith in pirate at all.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap


Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.


I'm sorry ...were we still talking about pirate?

ya the guy that dumped 100,000 coins from 9.20 to 7.60

he trapped himself.

and all you lemmings are fallowing him off the cliff, thinking hes going to save you.

TAKE YOUR BITCOIN PROFITS
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap


Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.


I'm sorry ...were we still talking about pirate?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap


Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...

when trying to move 100,000 coins, Its easy to get yourself trapped.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
people want to cash-out but they do not place an ask to allow the top price to rise as much as possible
now that a top price has been clearly identify everyone is placing their asks.

what they dont see is if they all get their asks bought out the price wont go down... it will keep going up! Why? Because this is a false top.

its ironic that a bear (pirate) has unknowingly layout this epic bear trap


Bear trap? Perhaps when we hit the $7 range anyone selling there may get trapped...
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