Bitcoin Forum

Economy => Speculation => Topic started by: adamstgBit on February 13, 2012, 02:55:15 AM



Title: Holy shit look at that wall
Post by: adamstgBit on February 13, 2012, 02:55:15 AM
omg its the end of bitcoin!


Title: Re: Holy shit look at that wall
Post by: Cluster2k on February 13, 2012, 02:58:43 AM
omg its the end of bitcoin!

Sounds like a fantastic time to make some money.  Scare people with 'wall', buy up bitcoins, remove asks, watch confidence go up and sell.  It's beautiful to watch.  The question is, when will the market stop playing this little game and burn the speculator(s) responsible...


Title: Re: Holy shit look at that wall
Post by: Oldminer on February 13, 2012, 02:59:53 AM
lol


Title: Re: Holy shit look at that wall
Post by: Herodes on February 13, 2012, 03:01:23 AM
What would be fun now would be if big brother speculator would buy up little brother spectulator wall in its entirity, then moving price up another 0.5.  ;D

Would love to have a pictute of little brother speculator when it happens.  ;D


Title: Re: Holy shit look at that wall
Post by: Edward50 on February 13, 2012, 03:03:12 AM
What wall are you referring to?

Looks like they pulled a fast one on the manipulator. NOrmally when they lower the price the manipulator buys back to 5.6, this time they stuck a damn wall at 5.4 so he can't buy back so easily.

Lets see how this plays out.



Bid 4.75 1906.31
Bid 4.8 6663.76
Bid 4.85 2115.68
Bid 4.9 1300.13
Bid 4.95 985.64
Bid 5 11238.17
Bid 5.05 5716.31
Bid 5.1 6813.69
Bid 5.15 1162.56
Bid 5.2 5574.55
Bid 5.25 4505.65
Bid 5.3 5119.46
Bid 5.35 522.04
Ask 5.4 15295.97  
Ask 5.45 38.18
Ask 5.5 139.55
Ask 5.55 408.42
Ask 5.6 1442.53
Ask 5.65 3525.61
Ask 5.7 3596.4
Ask 5.75 5082.45


Title: Re: Holy shit look at that wall
Post by: kjlimo on February 13, 2012, 03:13:42 AM
Time to make some money!

buy buy buy!


Title: Re: Holy shit look at that wall
Post by: Edward50 on February 13, 2012, 03:16:42 AM
Holy shit, look at this new wall that popped up. No its not manipulation. you morons.

Bid 4.75 2045.32
Bid 4.8 6913.78
Bid 4.85 2254.67
Bid 4.9 1301
Bid 4.95 970.11
Bid 5 11052.08
Bid 5.05 6010.06
Bid 5.1 6796.01
Bid 5.15 1185.87
Bid 5.2 33625.79  Ask 5.25 9.23
Ask 5.3 57.79
Ask 5.35 397.95
Ask 5.4 14484.77
Ask 5.45 69.52
Ask 5.5 482.05
Ask 5.55 531.44
Ask 5.6 1619.55
Ask 5.65 3591.33


Title: Re: Holy shit look at that wall
Post by: deepceleron on February 13, 2012, 03:31:38 AM
Somebody doesn't want the price moving....

http://we.lovebitco.in/img/pricelock.png


Title: Re: Holy shit look at that wall
Post by: Cluster2k on February 13, 2012, 03:34:47 AM
LOL.  Massive amount of bids at $5.20, and asks at $5.21.  Hilarious.  Someone is putting on a great show.


Title: Re: Holy shit look at that wall
Post by: Electricbees on February 13, 2012, 03:37:59 AM
I am not amused...


Title: Re: Holy shit look at that wall
Post by: Miner99er on February 13, 2012, 03:42:16 AM
35k sell @ 5.21


Title: Re: Holy shit look at that wall
Post by: drlatino999 on February 13, 2012, 03:43:26 AM
35k sell @ 5.21
http://ragemaker.net/images/Angry/desk%20flip.png


Title: Re: Holy shit look at that wall
Post by: Oldminer on February 13, 2012, 03:45:38 AM

LOL


Title: Re: Holy shit look at that wall
Post by: Cluster2k on February 13, 2012, 03:47:23 AM
I am not amused...

I'm very amused, as many people still consider bitcoin to be a natural market that follows analysis of fancy graphs.  Today's action highlights that bitcoin is a plaything for people with a lot of money to burn.  It's a toy like Newton's Balls on an executive desk to keep him amused between board meetings.  The amount of speculative money in the market surely dwarfs any real commerce taking place.


Title: Re: Holy shit look at that wall
Post by: deepceleron on February 13, 2012, 03:52:10 AM
Sir, your big ask fails to scare us, no money to be made shorting today. We might just buy them all and watch you cry.

Nothing wrong with these guys making the price of destabilizing bitcoin $100,000...


Title: Re: Holy shit look at that wall
Post by: Electricbees on February 13, 2012, 03:56:53 AM
Jesus fucking Christ...


Title: Re: Holy shit look at that wall
Post by: Oldminer on February 13, 2012, 04:00:21 AM

I kinda like that drawing. Says it all really...


Title: Re: Holy shit look at that wall
Post by: finway on February 13, 2012, 04:12:32 AM
How stupid the wall.


Title: Re: Holy shit look at that wall
Post by: Blind on February 13, 2012, 04:16:23 AM
What if it's the same guy at both sides just fucking with us? If I had the resources I'd totally do it, just for shits and giggles.


Title: Re: Holy shit look at that wall
Post by: GeniuSxBoY on February 13, 2012, 04:21:59 AM
LET'S GET THIS SHOW ON THE ROAD, PEOPLE.


Title: Re: Holy shit look at that wall
Post by: deepceleron on February 13, 2012, 04:22:18 AM
Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!


Title: Re: Holy shit look at that wall
Post by: RyNinDaCleM on February 13, 2012, 04:26:00 AM
Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!

Lol!

If the 5.21 wall is just there to force volume into the 5.20 wall, then you have the right idea.


Title: Re: Holy shit look at that wall
Post by: joulesbeef on February 13, 2012, 04:29:19 AM
BUY!!!!!!!!!!!!!!


Title: Re: Holy shit look at that wall
Post by: abeaulieu on February 13, 2012, 04:29:52 AM
Anyone else notice the small wall at $5.42 as well?


Title: Re: Holy shit look at that wall
Post by: mb300sd on February 13, 2012, 04:30:56 AM
Oops, was gonna make the wall bigger, but now I'm all-in Bitcoin. Now I'm going to find a go go Bitcoin rocket rally time thread!

Lol!

If the 5.21 wall is just there to force volume into the 5.20 wall, then you have the right idea.

Looks like its having the opposite effect...


Title: Re: Holy shit look at that wall
Post by: waveaddict on February 13, 2012, 04:34:16 AM
its actually quite obvious what is going on. By not allowing the V-bottom, whoever is shorting and has that wall at 5.21 is forcing a bearish chart in both the daily, hourly, etc ... flatline=continuation pattern=more downside in this case. You gotta have money to make money plain and simple...seen this same crap in penny stocks way back in the day. This will all end badly for whoever is doing this though unless he can break the chart and cause panic selling since without panic selling there is no one for him to cover his shorts into which is probably quite a bit. Both outlooks mean that we either collapse or scream higher depending on how much more money whoever is doing this has. I gotta say though, by breaking the MACD cross at the neutral line on the daily, the charts are not at all bullish anymore, so congrats to whoever is shorting.


Title: Re: Holy shit look at that wall
Post by: finway on February 13, 2012, 04:45:05 AM
its actually quite obvious what is going on. By not allowing the V-bottom, whoever is shorting and has that wall at 5.21 is forcing a bearish chart in both the daily, hourly, etc ... flatline=continuation pattern=more downside in this case. You gotta have money to make money plain and simple...seen this same crap in penny stocks way back in the day. This will all end badly for whoever is doing this though unless he can break the chart and cause panic selling since without panic selling there is no one for him to cover his shorts into which is probably quite a bit. Both outlooks mean that we either collapse or scream higher depending on how much more money whoever is doing this has. I gotta say though, by breaking the MACD cross at the neutral line on the daily, the charts are not at all bullish anymore, so congrats to whoever is shorting.

exactly, he's dead.


Title: Re: Holy shit look at that wall
Post by: abeaulieu on February 13, 2012, 04:46:53 AM
wall fell. new wall at 5.42


Title: Re: Holy shit look at that wall
Post by: Sysrq on February 13, 2012, 04:46:59 AM
The ask wall is gone !  :o

Where are we going now ? ;)


Title: Re: Holy shit look at that wall
Post by: Electricbees on February 13, 2012, 04:48:41 AM
It's kind of like watching 300...


Title: Re: Holy shit look at that wall
Post by: adamstgBit on February 13, 2012, 04:51:15 AM
It's kind of like watching 300...

 >:(

THIS IS WHERE WE FIGHT
THIS IS WHERE THEY DIE


Title: Re: Holy shit look at that wall
Post by: joulesbeef on February 13, 2012, 05:01:15 AM
and were movin on up ♬


Title: Re: Holy shit look at that wall
Post by: waveaddict on February 13, 2012, 05:09:37 AM
if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.


Title: Re: Holy shit look at that wall
Post by: hiVe on February 13, 2012, 11:05:06 AM
if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.

I kinda agree with you here, but lets face it, stranger things have happens already...I wouldn't be surprised if the bottom if far from the calculated targets and actually lands more to the upside, closer to 5.


Title: Re: Holy shit look at that wall
Post by: waveaddict on February 13, 2012, 01:53:36 PM
the bottom print at 4.62 needs to be retested or surpassed for this to be a valid correction so 5 is a little high still  ;)

if you are counting the waves here, we clearly broke down out of a long drawn out triangle which puts the target at about 3.8-4.6 before we bottom (which could be very quick if this is just a corrective wave down)

I would not be buying bitcoins until that price range is hit. you would definitely be swimming upstream.

I kinda agree with you here, but lets face it, stranger things have happens already...I wouldn't be surprised if the bottom if far from the calculated targets and actually lands more to the upside, closer to 5.


Title: Re: Holy shit look at that wall
Post by: BadBear on February 13, 2012, 02:01:48 PM
I agree, we're lookin to see down to ~4 soon.


Title: Re: Holy shit look at that wall
Post by: abeaulieu on February 13, 2012, 02:27:17 PM
I disagree. There's still a pretty solid buy wall at 5.20.

The market has just been oscillating between the 5.42 sell wall and 5.20 buy wall. The sell wall is weaker, and if that breaks there's not too much sell volume until the 5.70 price target.

but what do i know...


Title: Re: Holy shit look at that wall
Post by: waspoza on February 13, 2012, 02:29:54 PM
I disagree. There's still a pretty solid buy wall at 5.20.

The market has just been oscillating between the 5.42 sell wall and 5.20 buy wall. The sell wall is weaker, and if that breaks there's not too much sell volume until the 5.70 price target.

but what do i know...

Walls lie more often than not. Either of them or both can be fake.


Title: Re: Holy shit look at that wall
Post by: mobodick on February 13, 2012, 03:05:07 PM

Just curious, but does this count as incest?
Or would it be a form of masturbation?


Title: Re: Holy shit look at that wall
Post by: Electricbees on February 13, 2012, 06:13:28 PM
Depends on your point of view. And that is as far as I'm willing to run with that...