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
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1144. (Read 1811595 times)
Look at the depth to $10 a week or so ago.
Look at it now.
We're not going to break $10 for a long time. My guess is we're going to see the same sort of multi-month correction we saw after January's high.
Look at it now.
We're not going to break $10 for a long time. My guess is we're going to see the same sort of multi-month correction we saw after January's high.
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!
You sold, right?
KILL THE BEAR!!!!
and the better question is, did you sell? And can you prove it?
I still have an undisclosed amount of USD that has cleared and more clearing. I am confident up to prices previously stated.
Though, I cannot deny that huge resistance has been building on both sides of the fence over the last 24 hours. My personal gut feeling is that there will be some down play here over the next few days. *hedge engaged*
*high fives Adam*
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!
You sold, right?
did you?
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!
You sold, right?
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!
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.
Lowest IMO is $6.25
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.
We're going down slowly...
That drawing made my day!
I always love your drawings Adam. 
Give it a few weeks and watch the price simmer down. All this crazy buying (if you look at the pointed candle sticks) looks like people want to sell at $10. Psychoogical barrier to me....
Cuts both ways, there are also long wicks below the candlesticks, which shows strong support below $8. And the relentless walls show some big players determined to squeeze it higher (to the sellers' loss). If/when it settles, I bet its over $10 rather than below.
In addition to record difficulty very soon, I think we're seeing the block reward change to 25BTC now being priced in.
aye, as I stated before I'm not budging for less than 11.99885.
Aye, that block reward halving keeps coming sooner and sooner too with all the less than 14 day to hit 2016 block recalcs happening. Back, last NOV, the estimate was Dec. 20ish. Now it is down to what, the 10th or sooner?
Give it a few weeks and watch the price simmer down. All this crazy buying (if you look at the pointed candle sticks) looks like people want to sell at $10. Psychoogical barrier to me....
Cuts both ways, there are also long wicks below the candlesticks, which shows strong support below $8. And the relentless walls show some big players determined to squeeze it higher (to the sellers' loss). If/when it settles, I bet its over $10 rather than below.
In addition to record difficulty very soon, I think we're seeing the block reward change to 25BTC now being priced in.
Determined, aggressive bulls.
Give it a few weeks and watch the price simmer down. All this crazy buying (if you look at the pointed candle sticks) looks like people want to sell at $10. Psychoogical barrier to me....
Determined, aggressive bulls.
/thread
No more walls to track lol
No more walls to track lol
I still see a big wall at $1.15
Pics or it didn't happen
? Its been there for four months.
/thread
No more walls to track lol
No more walls to track lol
I still see a big wall at $1.15
Pics or it didn't happen
/thread
No more walls to track lol
No more walls to track lol
I still see a big wall at $1.15
/thread
No more walls to track lol
No more walls to track lol
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