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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368505 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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July 23, 2013, 01:01:17 PM
 #24981

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RationalSpeculator
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This bull will try to shake you off. Hold tight!


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July 23, 2013, 01:02:10 PM
 #24982

Price leads everything. If you are a bull, make it happen Wink
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July 23, 2013, 02:01:20 PM
 #24983

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July 23, 2013, 02:05:23 PM
 #24984

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July 23, 2013, 02:06:48 PM
 #24985

so, we will retest 100 $ soon.
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July 23, 2013, 02:09:52 PM
 #24986

About 2k coins moved in the last 10 minutes...
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July 23, 2013, 02:10:35 PM
 #24987

so, we will retest 100 $ soon.

We really need to break that resistance.
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July 23, 2013, 02:16:19 PM
 #24988

About 2k coins moved in the last 10 minutes...

Let's make that 3k coins...
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July 23, 2013, 02:19:09 PM
 #24989

About 2k coins moved in the last 10 minutes...

Let's make that 3k coins...

let's make 7k+ in less than 20 minutes
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July 23, 2013, 02:19:23 PM
 #24990

so, we will retest 100 $ soon.

We really need to break that resistance.

It really looks to me that what is being bought on Gox is being dumped on BitStamp in a hurry
I think we could be about to see a REAL price dislocation in the coming days. Something wierd is going on.

I'm thinking about this... why would someone do that? What would it get them?
Are they trying to get BitStamp to explode up when the selling there stops? And then folks react on Gox, and so on?
(Sort of like creating a coiled spring on BitStamp. Then they sell their coins higher on Gox at a later time (as the rally continues).

Something just seems weird (as usual) with the movement...
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July 23, 2013, 02:25:23 PM
 #24991

so, we will retest 100 $ soon.

We really need to break that resistance.

$115 is when I get excited... not before
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July 23, 2013, 02:29:55 PM
 #24992

so, we will retest 100 $ soon.

We really need to break that resistance.

$115 is when I get excited... not before


Isn't 105 kind of key? That is the 3rd lower high. We need to still make a 3rd lower low.
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July 23, 2013, 02:35:25 PM
 #24993

so, we will retest 100 $ soon.

We really need to break that resistance.

It really looks to me that what is being bought on Gox is being dumped on BitStamp in a hurry
I think we could be about to see a REAL price dislocation in the coming days. Something wierd is going on.

I'm thinking about this... why would someone do that? What would it get them?
Are they trying to get BitStamp to explode up when the selling there stops? And then folks react on Gox, and so on?
(Sort of like creating a coiled spring on BitStamp. Then they sell their coins higher on Gox at a later time (as the rally continues).

Something just seems weird (as usual) with the movement...

What it gets them is fiat in their bank not a Gox IOU ...
Perhaps they were tying to create a bit of panic selling on Gox by slamming Bitstamp, and doing it the other way round. ie selling coins on Bitstamp and then buying on Gox after. Not a problem if you already own a bunch. And has the same net effect of moving out of Gox.
Didn't really work though in terms of panic. Just cost them more in slippage  Cheesy

I think it's for effect.

If you have 1k in coins, you really need fiat bad enough that you will dump them on Bitstamp at up to $10 lower than you can get them elsewhere? Doesn't ring true to me.
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July 23, 2013, 02:37:48 PM
 #24994

How does this happen? Edit:  check the numbers

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July 23, 2013, 02:40:19 PM
 #24995

How does this happen? Edit:  check the numbers


someone placing a sell order at a price lower then the last order that went through, I would guess
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July 23, 2013, 02:41:19 PM
 #24996

I have also recently given up on gox for withdrawals and price reference. The news that withdrawals are solved proved to be false. It's been too long. I think it's very likely a whale finally also gave up on gox and was willing to accept the loss. We could be near a tipping point indeed.
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July 23, 2013, 02:42:29 PM
 #24997

How does this happen? Edit:  check the numbers

someone placing a sell order at a price lower then the last order that went through, I would guess

Wouldn't the sell # reflect that?
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July 23, 2013, 02:45:45 PM
 #24998



I think it's for effect.

If you have 1k in coins, you really need fiat bad enough that you will dump them on Bitstamp at up to $10 lower than you can get them elsewhere? Doesn't ring true to me.

Could be.
But my premise is not about 'needing fiat bad enough' it is about the value of a Gox IOU vs $'s at Bitstamp. The Gox $ IOU's appear to be becoming worth less (notice the space for the moment)
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July 23, 2013, 02:47:17 PM
 #24999

so, we will retest 100 $ soon.

We really need to break that resistance.

It really looks to me that what is being bought on Gox is being dumped on BitStamp in a hurry
I think we could be about to see a REAL price dislocation in the coming days. Something wierd is going on.

I'm thinking about this... why would someone do that? What would it get them?
Are they trying to get BitStamp to explode up when the selling there stops? And then folks react on Gox, and so on?
(Sort of like creating a coiled spring on BitStamp. Then they sell their coins higher on Gox at a later time (as the rally continues).

Something just seems weird (as usual) with the movement...

What it gets them is fiat in their bank not a Gox IOU ...
Perhaps they were tying to create a bit of panic selling on Gox by slamming Bitstamp, and doing it the other way round. ie selling coins on Bitstamp and then buying on Gox after. Not a problem if you already own a bunch. And has the same net effect of moving out of Gox.
Didn't really work though in terms of panic. Just cost them more in slippage  Cheesy

I think it's for effect.

If you have 1k in coins, you really need fiat bad enough that you will dump them on Bitstamp at up to $10 lower than you can get them elsewhere? Doesn't ring true to me.

Exactly my thinking... why would someone sell on stamp for $83 instead at gox for 94$ (13% lower). There is some strange info we don't know yet about.
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July 23, 2013, 02:48:00 PM
 #25000

How does this happen? Edit:  check the numbers

someone placing a sell order at a price lower then the last order that went through, I would guess

Wouldn't the sell # reflect that?

You arent making sense.

Someone market ordered to 96.

Someone else placed an ask shortly after for 95.5

No other orders had taken place.

Lowest ask: 95.5
Current price: 96

Very simple.
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