Wall Observer - MtGoxUSD wall movement tracker - page 620.

jimbobway

legendary

Activity: 1304

Merit: 1015

Quote from: S3052 on February 27, 2013, 01:37:19 PM

there are some folks betting on a turn down below the all time high. most likely, they have only the interest to avoid prices going higher
but I am not sure if they will manage. the upward pressure is huge, and their ask orders could well be a great dinner for the bulls. and when the all time high breaks, fasten the seat belts...

Also, half the wall is fake...

S3052

legendary

Activity: 2100

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there are some folks betting on a turn down below the all time high. most likely, they have only the interest to avoid prices going higher
but I am not sure if they will manage. the upward pressure is huge, and their ask orders could well be a great dinner for the bulls. and when the all time high breaks, fasten the seat belts...

creativex

sr. member

Activity: 434

Merit: 250

Quote from: 420 on February 27, 2013, 12:57:56 PM

(Everyone afraid to post after donald duck?)

I was...bad karma, was waiting for a Mickey Mouse or Pluto post to turn things around. A 420 will have to do.

Third Way

full member

Activity: 238

Merit: 100

>(Everyone afraid to post after donald duck?)

No, l just have nothing to add. Meanwhile you have the most posts and the clearest 'ignore' button I have seen here. I am impressed.

Also, I wonder when this news will materialize and how it will affect the market. http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/

Can that be what makes big walls disappear?

humanitee

hero member

Activity: 1302

Merit: 502

Cropped the image a little much, $1210 needed to $37 Cheesy

420

hero member

Activity: 756

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movin' on up!

(Everyone afraid to post after donald duck?)

bitcoinBull

legendary

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Merit: 1001

rippleFanatic

Quote from: Zomdifros on February 27, 2013, 09:33:59 AM

http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/

This might be it.

Yup.

And I just figured out the point of the ask wall we've been periodically seeing: dude puts it up just so that he can take it down.

Watch what happens when half of it gets removed. You'll see what I mean.

Gatekeeper

sr. member

Activity: 358

Merit: 250

that's quite a story, thanks for the post, the foundations of bitcoin seem to get more and more solid by the day

Zomdifros

full member

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http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/

This might be it.

Ente

legendary

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Quote from: phatsphere on February 27, 2013, 05:53:29 AM

Quote from: Herodes on February 27, 2013, 05:05:18 AM

Could you explain that more clearly ? Will not always an order have a USD amount matching the BTC amount given the current price ? If it's hotter in terms of dollars, do you mean we're in for a decline in the price ?

no, it's much simpler. if one btc is worth more and more $, the sheer number of $ traded increases, while the number of btc doesn't increase as much. also, it's better to look at the volume in $, because that's a better indicator for the interest in bitcoins.

+1
I look at the bitcoin volume on 30min and daily charts, but on the long-term chart, i.e. weekly and from 2010 on, I look at the USD volume.

Actually I should ditch all but the weekly chart anyway. But I'm too weak and too addicted to do that.. ;-)

Ente

creativex

sr. member

Activity: 434

Merit: 250

Quote from: camolist on February 27, 2013, 06:26:51 AM

Quote from: Loaded on February 27, 2013, 01:34:40 AM

This week is going to be really exciting. Wink

only a day and a half to make adam lose his bet...better get moving!

then again i'd be just as happy if we stayed 30 +- 1 for awhile

Agreed. I'd be delighted if we consolidated here for a few weeks or months.

camolist

hero member

Activity: 896

Merit: 1000

Quote from: Loaded on February 27, 2013, 01:34:40 AM

This week is going to be really exciting. Wink

only a day and a half to make adam lose his bet...better get moving!

then again i'd be just as happy if we stayed 30 +- 1 for awhile

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: phatsphere on February 27, 2013, 05:53:29 AM

Quote from: Herodes on February 27, 2013, 05:05:18 AM

Could you explain that more clearly ? Will not always an order have a USD amount matching the BTC amount given the current price ? If it's hotter in terms of dollars, do you mean we're in for a decline in the price ?

no, it's much simpler. if one btc is worth more and more $, the sheer number of $ traded increases, while the number of btc doesn't increase as much. also, it's better to look at the volume in $, because that's a better indicator for the interest in bitcoins.

That made perfectly sense. Thanks.

phatsphere

hero member

Activity: 763

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Quote from: Herodes on February 27, 2013, 05:05:18 AM

Could you explain that more clearly ? Will not always an order have a USD amount matching the BTC amount given the current price ? If it's hotter in terms of dollars, do you mean we're in for a decline in the price ?

no, it's much simpler. if one btc is worth more and more $, the sheer number of $ traded increases, while the number of btc doesn't increase as much. also, it's better to look at the volume in $, because that's a better indicator for the interest in bitcoins.

Cubic Earth

legendary

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Time seems to have moved backwards at Mt. Gox. This screen shot was taken about 5 minutes before this post.

Uploaded with ImageShack.us

Herodes

hero member

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Merit: 1000

Quote from: giszmo on February 27, 2013, 04:29:00 AM

Anyway I see the market is getting hotter in terms of $$.

Could you explain that more clearly ? Will not always an order have a USD amount matching the BTC amount given the current price ? If it's hotter in terms of dollars, do you mean we're in for a decline in the price ?

deeplink

hero member

Activity: 728

Merit: 500

In cryptography we trust

Quote from: Loaded on February 27, 2013, 01:34:40 AM

This week is going to be really exciting. Wink

Damn I want to know what that is supposed to mean Wink

giszmo

legendary

Activity: 1862

Merit: 1114

WalletScrutiny.com

Quote from: Zomdifros on February 27, 2013, 03:54:04 AM

Quote from: BitcoinBA on February 27, 2013, 03:51:25 AM

Why doesn't the wall go away??

Because there aren't enough people buying, volumes are quite low compared to last couple of months.

These are weekly bars. #1 is volume in ɃɃ and #2 is volume in $$. As always the last bar is worth shit as it represents anything but one week (I had asked bitcoincharts.com to do something about that but I couldn't convince them Sad