adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 13, 2013, 04:50:50 PM |
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JimboToronto
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Activity: 4018
Merit: 4506
You're never too old to think young.
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September 13, 2013, 05:06:28 PM |
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With ChartBuddy being down it's a little harder to follow but it seems like another 2k was recently added to it. This seems to follow the pattern of the last couple of days where it seems to pop back up whenever it's eaten away.
Didn't we have a similar situation for a few days before we broke 125 in August? Some people were suggesting a hammer because someone kept buying up to near the base of the askwall, while reinforcing the bidwall whenever it got thin.
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derpinheimer
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Activity: 896
Merit: 1000
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September 13, 2013, 05:26:54 PM |
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Its been tested and destroyed quite a few times already, only to be rebuillt some time in the near future [Seconds, hours, days]
I imagine it will be destroyed again. But due to so many coins being "gone", this might be the last time that happens. Then its down to a panic buy or sale to finally set the trend.
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johnmatrix
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September 14, 2013, 12:52:22 AM |
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That price is here to stay, is more easy to go above 140 than to go below.
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Ares
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September 14, 2013, 01:37:33 AM |
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Ya, been there a few times and got eaten.
Most likely option: it gets eaten and then a new one gets put up.
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BitChick
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Activity: 1148
Merit: 1001
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September 14, 2013, 06:29:23 AM |
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I have not been watching that closely but it looks like someone keeps putting up giant walls. Are they being removed and the being put back up or are they being sold and then more Bitcoin is put up for sale in an attempt to keep the price higher?
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Tzupy
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Activity: 2128
Merit: 1074
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September 14, 2013, 08:01:17 AM |
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If the 140$ wall wouldn't have prevented a small drop in price to about 136$, the tension that accumulated
would have been released. As more tension accumulates ( imbalance between the price and the
bid sum / ask sum ratio ), the probability of a crash ( a lot lower than 136$ ) increases.
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Sometimes, if it looks too bullish, it's actually bearish
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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September 14, 2013, 10:01:22 AM |
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Looks like $140 wall was pulled.
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Tzupy
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Activity: 2128
Merit: 1074
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September 14, 2013, 10:21:01 AM |
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No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
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Sometimes, if it looks too bullish, it's actually bearish
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JimboToronto
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Activity: 4018
Merit: 4506
You're never too old to think young.
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September 14, 2013, 12:16:03 PM |
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Here's where a working ChartBuddy would be useful.
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phoenix1
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September 14, 2013, 12:17:57 PM |
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No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
Looking at the numbers on Bitcoinwisdom, it looks like it was mostly pulled overnight |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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derpinheimer
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Activity: 896
Merit: 1000
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September 14, 2013, 02:00:04 PM |
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No, AFAIK it was slowly eaten.
PS. I'm not sure what happened during the night. This morning the wall was about 700 BTC and then was eaten.
Looking at the numbers on Bitcoinwisdom, it looks like it was mostly pulled overnight 12h bitcoinity chart makes it pretty clear it was eaten. When I went to bed there was 800 left. Small sells and the 500 volume spike followed by dropping thru 140 -> sell |
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BitChick
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Activity: 1148
Merit: 1001
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September 14, 2013, 04:02:02 PM |
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Regardless of it was eaten or removed, can someone put the wall back now please?  |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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