Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 529. (Read 1811613 times)

hero member
Activity: 518
Merit: 500
Only possible correction is upwards.
hero member
Activity: 784
Merit: 1000
So, here's a Q for all you professional wall watchers:

Why/how is the price going up with buy volume lagging sooooo far behind.  I don't really see any respectable volume on the buy side until $46ish.  That seems like it'd just invite selling down to volume.

Stay classy, 420. Stay classy.

I'm pretty new to this (~3 months), but I watch the wall religiously. And what I've seen lately on Clark Moody is that most of these big jumps up in price are all buys at market price, so their presence won't be shown on the bid side. It would be kind of silly to put out a bid for 5-10K BTC, right? I would think there is a chart out there that actually shows BTC exchanged @ exact price, and I sure you would see your respectable volume on the buy side for this "era".
legendary
Activity: 1754
Merit: 1007
I smell a correction coming right under $50 or if we go slightly over $50
I listened, 420. Sold at $48.

I'm hoping for a big correction, holding no BTC right now.

agreed, correction soon.....
hero member
Activity: 1302
Merit: 502
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
The amount of BTC in sell orders below $50 is constantly shrinking. It's less and less, and less. At this rate it will be 1-2 days before we test $50.
sr. member
Activity: 294
Merit: 250
The correction will be upwards. Holding over $9k BTC worth. Let's open the pandora's box!
legendary
Activity: 2097
Merit: 1070
I smell a correction coming right under $50 or if we go slightly over $50
I listened, 420. Sold at $48.

I'm hoping for a big correction, holding no BTC right now.
sr. member
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
I smell a correction coming right under $50 or if we go slightly over $50
I listened, 420. Sold at $48.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
the small order spam detected  Grin

https://bitfinex.com/pages/public_log
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member
Activity: 92
Merit: 10

I like this chart - the fiat ends in infinity near 0. Priceless.

absolutely
full member
Activity: 136
Merit: 100


You do realize that as the price rises more sellers come online, right?

I like this chart - the fiat ends in infinity near 0. Priceless.
donator
Activity: 2772
Merit: 1019
Another thought: what happens with the MtGox price if Coinlab starts with an exchange in the US? Less supply of fresh USD/other fiat @ MtGox would not support a big increase of prices @ MtGox. On the other hand, if less people can sell BTC at MtGox because they are no longer there, price won't go down.

Second thought: what if MtGox and Coinlab won't have a connection other than BTC? It will be more difficult to solve differences in prices (only the brave will transfer USD from Mt Gox to Coinlab and vice versa). I must say that other alt-coins can really be of value here to establish arbitrage between exchanges.

If I understood correctly coinlab will use the mtGox market. They're just going to handle the FIAT for the US people. Maybe I got that wrong?
legendary
Activity: 3122
Merit: 1538
yes
Why aren't more people putting in higher buy orders to catch the ones that do sell at all?  If you had perfect knowledge of the market and knew that no one ELSE would put a higher buy, then that makes sense.  But for everyone to passively agree and keep low buys seems...strange.

I'm not complaining at all.   It just strikes me as odd.

I could translate it into 'luring in the last suckers', but in the end, BTC will always goes up unless this pig dies along the way.
newbie
Activity: 14
Merit: 0
most all understand value go up only not low so why sell is stupid Wink

i am hold since long time now made much profit more profit coming this year for sure Smiley

sell = stupid for sure price bitcoin can only go up because is high intrinsic value worth item that is rare to get many people want it
legendary
Activity: 3122
Merit: 1538
yes
Another thought: what happens with the MtGox price if Coinlab starts with an exchange in the US? Less supply of fresh USD/other fiat @ MtGox would not support a big increase of prices @ MtGox. On the other hand, if less people can sell BTC at MtGox because they are no longer there, price won't go down.

Second thought: what if MtGox and Coinlab won't have a connection other than BTC? It will be more difficult to solve differences in prices (only the brave will transfer USD from Mt Gox to Coinlab and vice versa). I must say that other alt-coins can really be of value here to establish arbitrage between exchanges.
hero member
Activity: 518
Merit: 500
So, here's a Q for all you professional wall watchers:

Why/how is the price going up with buy volume lagging sooooo far behind.  I don't really see any respectable volume on the buy side until $46ish.  That seems like it'd just invite selling down to volume.

Stay classy, 420. Stay classy.

No sellers of any size.  Anybody who would panic has done so already unless a really big bear comes along.  Then  you will see your selling down to volume.

But that's only half.  Why aren't more people putting in higher buy orders to catch the ones that do sell at all?  If you had perfect knowledge of the market and knew that no one ELSE would put a higher buy, then that makes sense.  But for everyone to passively agree and keep low buys seems...strange.

I'm not complaining at all.   It just strikes me as odd.
newbie
Activity: 14
Merit: 0
so far i made 10x profit i bought 1000 bitcoins last year at $ 5 each now at 47830 total value i'm looking to buy mroe soon because we are going to $ 1000 for sure by the end of this year Smiley
donator
Activity: 1722
Merit: 1036
Why/how is the price going up with buy volume lagging sooooo far behind.  I don't really see any respectable volume on the buy side until $46ish.  That seems like it'd just invite selling down to volume.

In every other market, yes.
legendary
Activity: 1904
Merit: 1002
So, here's a Q for all you professional wall watchers:

Why/how is the price going up with buy volume lagging sooooo far behind.  I don't really see any respectable volume on the buy side until $46ish.  That seems like it'd just invite selling down to volume.

Stay classy, 420. Stay classy.

No sellers of any size.  Anybody who would panic has done so already unless a really big bear comes along.  Then  you will see your selling down to volume.
hero member
Activity: 518
Merit: 500
So, here's a Q for all you professional wall watchers:

Why/how is the price going up with buy volume lagging sooooo far behind.  I don't really see any respectable volume on the buy side until $46ish.  That seems like it'd just invite selling down to volume.

Stay classy, 420. Stay classy.
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