Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[rdsc]

http://www.coverbooth.com/uploads/covmg/open-season-the-adventurous-surf-bear-cool-facebook-timeline-covers.jpg

[sarc]

Even with the wall there (105-106), the distance to it (bitcoin number) has nearly halved.

[phoenix1]

Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").

Bitcoin needs to build fundamentals. That is what will drive its success.

I agree about the fundamentals, but not in whole about the role of speculators. Having a number of them there who are prepared to risk their own capital to provide liquidity is not such a bad thing.

[jski]

3000 BTC ask wall just appeared at 108.50!!!!

[ft73]

Today prices are well buried under 110$, with quite no range.
I should admit this is surprising me, even with the low WE volume i was expecting price to be able to move in the 107-112 range.
I think that means the actual sentiment on BTC is almost totally negative.
It's not rare that situations like this lead to surprises (=short-term inversion).

What di you think about monday?

[jski]

I think the weekends determines what happen for the week. So keep your ear to the ground to listen which way the stampede is coming but right now these walls are closing in on both sides and I am getting claustrophobic...LOL

[jski]

3k wall removed now I can breath again...LOL

[michaelGedi]

made a sale during the mini bounce to 109.xx, now those bid walls are pretty big, but I don't know if I trust it to bounce again up to 110-115 to make another sale. I wonder if it's just going to be a steady stream of small sales into the bids, occasionally pushed down by 3k walls.

[ChartBuddy]

[jski]

Good for you, those 105 to 106 walls look like an avalanche!!!!!

[Frozenlock]

Woohoo, action!

1k bought!

[Gordonium]

TEAR DOWN THIS WALL!

[ChartBuddy]

[Jozzaboy]

guys, I'm a noob, where do you see these walls and stuff? thx

http://bitcoin.clarkmoody.com/

Welcome Tycoon! Congratulations on finding one of the most effective hedges against world financial collapse! The more the merrier!

[Adrian-x]

That's the problem of all those crying about the price going down, because it "hurts the coin". Come on... It's so obvious they bought during or just after the hype cycle, and they are scared and butthurt.

Or maybe they just have a sense of reality.
I bought before the hype. It has to drop A LOT before i start losing money. I just have enough common sense to realize another drop below 100 *might* be very bad. I'm pretty sure many people will agree with me.

This thread is for watching and tracking big trades not bitching.

Going below $5 or $100 is as bad for me as it is for you. (The only thing good for the Bitcoin community is higher adoption)
The price is irrelevant (if it is to you you are focused on greed) we are the little mammals in age of the dinosaurs, before the mammals become dominant there're lots of winners and loses.

You just need to survive. (= hold at all costs)

[stereotype]

Has anyone else noticed, there have been no 'wall' graphics posted lately?

[SlipperySlope]

The 10 day trend is downwards from $136, with sideways movement so far this weekend.

[sarc]

105-106 walls have lost $200k in height, but seemed to have gained a bit of depth. Shame on you manipulators...

[Coinseeker]

The walls at 105-106 remain consistent but more noteably, the wall at 100 has not budged.  If we rip through 100, panic will probably set in and who knows where it stops.  But much like after the Dwolla news, there was tons of momentum heading into 100 and it just stopped.  If I'm betting and I am, I say we're going into double digits some time next week but, there is the possibility that we could bounce off 100 and see a rise back up to the 110-115 range.  It's possible.  

[ChartBuddy]