Bitcoin Forum

http://i44.tinypic.com/jal1km.png

Perfectly sloped ask line.. someone placed a bunch of asks at exact intervals..

I tell you, you just can't win in this game.

Nope! Just a basic manipulation.

Or he's trying to sell out and figures "if they're buying, they can buy from me"
I believe he is also the owner of the ask side steps from $4.44-$4.54.


Now do you believe?  :)

No.  MtGoxLive draws lines, not bars.  There are no orders between the "left side of the slope" and the "right side of the slope".  On the "left side of the slope", there is a small order (not large enough to be seen on the graph).   On the "right side of the slope", there is a 17k bidwall.  MtGoxLive just drew a line between those two points.

I always thought it drew it in steps, every other wall I've ever seen has been vertical

If you notice too, every so often he makes it known that there are another 17k to back it up if someone feels froggy.

Buy!  Tear the house down.

This just means there was no bid between that wall and the bottom of that slope. I have seen it all the time. As for the wall fucking with us I am reminded of the walls at 5.20 and 5.25. Someone is having fun fucking with the community. We need to learn not to panic and do the opposite of what they expect, instead of being herded like sheep to the slaughter

at least the seller is giving you the chance to buy because he or she or them seem to lowering there ask price 4.20 breaks will break the trading range we are in...

I did notice that!  What looked at first glance like a glitch is really ingenious

lol its all over

EDIT: they weren't fucking with people imo...just changing a leveraged position.

Normally, when a wall is placed, people put bids/asks near it so people will buy/sell to them before buying/selling into the wall.


Having a small order and a large order right next to each other like this makes it appear vertical.

Goxlive used to draw in all steps. I think they changed it for readability.

I thought it was more readable before.. makes sense to do it in steps since thats exactly where the order is.


Either way, rally stopped in its tracks  >:( >:(

Nope, the attempt to push the price down was stopped in its tracks. The 17.3k BTC wall is gone. This means we can continue a rally upwards now.

Do you think Bitcoinica could internally match a change in mind of this traders magnitude? Seems to me there would be a lot more visible orders being executed in 50BTC chunks then we saw.

If I misunderstand bitcoinica (and they do actually trade on Gox depending on their user's positions), then what you says makes sense. The other alternative is slightly deleveraging to reduce the exposure to a move. If a person of that power is holding the market down in anticipation of a leveraged downward move, it would make sense to be jumpy / want to protect their position.

oh look the wall is back

Man im so used to this shenanigans that Im almost f*cking brain dead to it...