Topic: Wall Observer - MtGoxUSD wall movement tracker - page 806. (Read 1811596 times)
Bitfloor could use some coins. Last trade $17.97
Deja Vu
Make a bet Proudhon - I'll bet you 10 btc we continue the climb next week
thats alot of money .... potentially millions
The prize question is: Millions of what?
Satoshis!
Make a bet Proudhon - I'll bet you 10 btc we continue the climb next week
thats alot of money .... potentially millions
The prize question is: Millions of what?
Make a bet Proudhon - I'll bet you 10 btc we continue the climb next week
thats alot of money .... potentially millions
Make a bet Proudhon - I'll bet you 10 btc we continue the climb next week
Rally resumes Monday.
Bears were counting on the weekend dip, they counted wrong.
Bears were counting on the weekend dip, they counted wrong.
What are you talking about? It's dipping. And the order book has almost completely turned around. The big buying money has been spent. The people who spent it now have lots of bitcoins, and they're probably the same ones you're seeing placed as giant ask walls on the ask side. The hope would be that they could use the bitcoins they just bought to scare the price back down and in the process sell some of them to buy back more.
Yeah whatever. People start buying into that shit it's disappearing. The volume that drove us up was much higher than this. If it gets pushed into $14, then MAYBE, just MAYBE, I'll agree.
We've gone back like $.40 on a much larger gain, on the weekend when money is not flowing into the exchanges, on a long weekend when banks are closed on Monday. This is just a facade. The fact that it hasn't gone lower shows just how bullish the market is.
It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think.
From $14-$15, there is a demand for 30,000 Bitcoins. That backing adds too much certainty for there to be a significant decline past $14.95. People can try to make a quick buck all they like but it's not based in market fundamentals.
Additionally, I think this is market is mature enough to be immune to such manipulation.
By comparison to standard markets, this market is tiny and absolutely ripe for this kind of manipulation. There are plenty of people on MtGox with more than 30,000 bitcoins at their disposal to wipe out the "demand" above $14 and then some. I almost consider it an act of pure charity that these people don't just take their insane profits (most of them probably accumulated well under $10, or even $2) and leave this market in shambles.
I concede the point.
It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think.
From $14-$15, there is a demand for 30,000 Bitcoins. That backing adds too much certainty for there to be a significant decline past $14.95. People can try to make a quick buck all they like but it's not based in market fundamentals.
Additionally, I think this is market is mature enough to be immune to such manipulation.
By comparison to standard markets, this market is tiny and absolutely ripe for this kind of manipulation. There are plenty of people on MtGox with more than 30,000 bitcoins at their disposal to wipe out the "demand" above $14 and then some. I almost consider it an act of pure charity that these people don't just take their insane profits (most of them probably accumulated well under $10, or even $2) and leave this market in shambles.
Rally resumes Monday.
Bears were counting on the weekend dip, they counted wrong.
Bears were counting on the weekend dip, they counted wrong.
What are you talking about? It's dipping. And the order book has almost completely turned around. The big buying money has been spent. The people who spent it now have lots of bitcoins, and they're probably the same ones you're seeing placed as giant ask walls on the ask side. The hope would be that they could use the bitcoins they just bought to scare the price back down and in the process sell some of them to buy back more.
Weekend. Additionally, shorters aren't going to take too much risk.
Rally resumes Monday.
Bears were counting on the weekend dip, they counted wrong.
Bears were counting on the weekend dip, they counted wrong.
What are you talking about? It's dipping. And the order book has almost completely turned around. The big buying money has been spent. The people who spent it now have lots of bitcoins, and they're probably the same ones you're seeing placed as giant ask walls on the ask side. The hope would be that they could use the bitcoins they just bought to scare the price back down and in the process sell some of them to buy back more.
It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think.
From $14-$15, there is a demand for 30,000 Bitcoins. That backing adds too much certainty for there to be a significant decline past $14.95. People can try to make a quick buck all they like but it's not based in market fundamentals.
Additionally, I think this is market is mature enough to be immune to such manipulation.
Rally resumes Monday.
Bears were counting on the weekend dip, they counted wrong.
Bears were counting on the weekend dip, they counted wrong.
It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think.
It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Trend reversal from here? The tides seem to be turning.
I think so. Likely going to see a mutli-month decline/stagnation.
Trend reversal from here? The tides seem to be turning.
Probably.
http://onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/EveningStar.html
No gaps here in 24/7 marketplace.
Trend reversal from here? The tides seem to be turning.
Whats an EA dump?
Just ask this or IRC... Early Adopter... =)
Early adopters sold long ago.
My reason for thinking it's unlikely they'll have much of an impact on the market in the current flurry is if they've held out so far they're likely to be holding out for a lot more than $16/BTC and are more likely to dump (as quick as they can without bombing the price) at $100 or $1,000/BTC - and by then (if we ever get there) it's just as likely they'll be paying for their cars/houses/yachts etc. directly in BTC than having to sell for fiat in order to do so.
Just another opinion to throw into the mix.
You can see which bitcoins moved or didn't move yet or haven't moved since here: http://statistics.ecdsa.org/
Whats an EA dump?
Just ask this or IRC... Early Adopter... =)
Early adopters sold long ago.
how do you know?
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