I'm new to this so I'm not sure this is a good indicator but I've noticed the price is now above the SMA50 and SMA100 lines. Is this long term bullish? Is it important at all?  |
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Whoa!  3000 taken out of that ask wall in one bite!  |
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Getting close to that ask wall at 11.49  |
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That 5000 wall has been moved up once since this rally began. I can imagine it getting moved again before it's over |
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Yes. With 68% certainty (50% margin of error) See chart.  lol  |
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let me rehost that image for you
Thank you. Banner? I think just because it was taking ages to load. Was very slow for me |
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Is this situation called "the squeeze"? |
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There's some action. Wall at 10.80 just disappeared in a puff of smoke
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10.77 and rising. I guess we'll see a healthy sell off in the near future |
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Also, last time I posted a picture of a storm it only took about 3/4 of a second for a bid wall to pop up... so here it goes again  : pic BOO it didn't work this time  Maybe it will just take a few minutes for the sound of thunder to reach Mr. M I'm still waiting for Mt Gox Live to update.... |
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Time to turn off the lights at this bull party
Maybe not. Someone's buying 500 at a time, pushed it up to 11.18 I wonder how long they will keep doing that?  Not sure, but there's another one |
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Time to turn off the lights at this bull party
Maybe not. Someone's buying 500 at a time, pushed it up to 11.18 |
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1. Sets up bid wall of 6k coins at $10.20.
2. Bigger fish sells 100k BTC and brings us down to $6, and we rebound to $8.
3. FAIL
no, no. No fail at all here. The Ask wall is still there and all the smaller ask orders used for such a money making scheme are also still there. All the manipulator has to do is to wait for the market to come back to reap the revenue. And while doing so, the manipulator might even construct another "system" of paired orders in between to make even more money. All he needs is liquidity. And someone who can move walls of the size we saw the last days does have lots of liquidity. Yuhfhrh is right. It only works if the market stays above the bid wall. Otherwise, you will lose money. "All the manipulator has to do is to wait for the market to come back" -- You assume that it will come back, and you will lose money if you are wrong. Let's say you set up your walls when the value hit $15 3 months ago. You would be out a lot of money right now. "All he needs is liquidity" -- you mean all he needs is an infinite amount of money. I think we just saw an example of how the system could fail. Mr M just bought himself 8000 btc I would consider owning 8k BTC a win no matter what the short term may bring. Me too Working on it... |
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1. Sets up bid wall of 6k coins at $10.20.
2. Bigger fish sells 100k BTC and brings us down to $6, and we rebound to $8.
3. FAIL
no, no. No fail at all here. The Ask wall is still there and all the smaller ask orders used for such a money making scheme are also still there. All the manipulator has to do is to wait for the market to come back to reap the revenue. And while doing so, the manipulator might even construct another "system" of paired orders in between to make even more money. All he needs is liquidity. And someone who can move walls of the size we saw the last days does have lots of liquidity. Yuhfhrh is right. It only works if the market stays above the bid wall. Otherwise, you will lose money. "All the manipulator has to do is to wait for the market to come back" -- You assume that it will come back, and you will lose money if you are wrong. Let's say you set up your walls when the value hit $15 3 months ago. You would be out a lot of money right now. "All he needs is liquidity" -- you mean all he needs is an infinite amount of money. I think we just saw an example of how the system could fail. Mr M just bought himself 8000 btc |
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Took out that wall completely  |
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I think our friend is here on the forums reading our posts  Ooops, he converted to a market order Immediately after Yuhfhrh said he didn't really want to buy, I notice |
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Time to declare single digits history? Haven't you learned your lesson? I have faith  Given recent history I think it's more likely we're going to see some big selloffs in the near future. It's like deja-vu Edit: this chart is what I'm seeing...  |
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Time to declare single digits history? Haven't you learned your lesson? |
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