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

[DougTanner]

Gonna test the 90 wall?

Being nibbled as we speak.

[seleme]

wall is on the table, looks like dinner is served.

[underground_]

It is getting quiet in my home office - no Clark Moody ding-ding-O-meter chattering away.

Despite the calm, I don't envy big money and their advisors that are holding maybe 25% losses in just three days, with a potential goxlag-blinded Black Monday sell off. That unfortunate group knows that the first one to sell gets the tastiest bids and the last one to sell books the biggest client loss. They cannot sell during the weekend without huge slippage.
 

That's why I immediately sold what I'd bought in the $80s when we went back over $90. One single whale dump will be enough to get things rolling downwards again.

[wiak2]

The amount of lag without any volume is ridiculous.  I hope Gox fixes the little exploit that was exposed on Reddit, now that everyone seems to be trying it.

[Babylon]

Btw, this is the last day when we see $95 EVER, you can quote me on that.  

And quoted.

Wonder if that will ever go explained, because I've seen $95 (and lower) now so many times in the last 24 hours....

Explanation ... he's full of shit and talking his book

He seemed fairly sure that if it hit 95 it would then drop to 73

[SAQ]

What happened to the 97 wall?

[adamstgBit]

What happened to the 97 wall?

lol it got killed

[adamstgBit]

What happened to the 97 wall?

lol it got killed

its over bitcoin is dieing, qulickly sell all your BTC and buy Feathercoins!

[SlipperySlope]

It is getting quiet in my home office - no Clark Moody ding-ding-O-meter chattering away.

Despite the calm, I don't envy big money and their advisors that are holding maybe 25% losses in just three days, with a potential goxlag-blinded Black Monday sell off. That unfortunate group knows that the first one to sell gets the tastiest bids and the last one to sell books the biggest client loss. They cannot sell during the weekend without huge slippage.
 

That's why I immediately sold what I'd bought in the $80s when we went back over $90. One single whale dump will be enough to get things rolling downwards again.

Yes, but those very whales have been taking recent weekends off. On the other hand, if this is really the biggest and baddest capitulation of 2012, 2013 and probably all of 2014, then yes we could crash big this evening or this weekend.

Because I plan only one set of relatively low risk and highly profitable (should events unfold as planned) round-trip trades per capitulation, I really don't have to pay attention to the embedded day trading opportunities.

[EuroTrash]

everyone sold off b4 the weekend, now they wait for lower prices

this.

Yet there is still little play downwards with very low volume going on.
I bet someone bought back in at 92-93 and now is shitting himself again. Wash, rinse, repeat.

Also everyone's fiat is still in the exchanges.
Expect rally on Sunday morning and subsequent dumps in few hours.
It will be a slaughtering game. The lucky ones will get more fiat for next round. Others will bleed. Wash, rinse, repeat.

[desert_beagle]

What happened to the 97 wall?

lol it got killed

Ye Ye, quick, buy a coin who's value is directly tied to bitcoin.

[ElectricMucus]

It seems the buywall at 90 gonna get tested.

[KillaMarci]

The fact that Mt.Gox keeps lagging up to 50 seconds just by a single person doing fake mini trades is sort of hilarious in a very very sad way. Big investors must question themselves why they trust that website with anything...I can actually understand the dropping prices with all the shitty news these past 4 days.

[Richy_T]

[Aseras]

The fact that Mt.Gox keeps lagging up to 50 seconds just by a single person doing fake mini trades is sort of hilarious in a very very sad way. Big investors must question themselves why they trust that website with anything...I can actually understand the dropping prices with all the shitty news these past 4 days.

which is why seeing coinlab sue such a trainwreck of an exchange is so laughable.

[EuroTrash]

The fact that Mt.Gox keeps lagging up to 50 seconds just by a single person doing fake mini trades is sort of hilarious in a very very sad way. Big investors must question themselves why they trust that website with anything...I can actually understand the dropping prices with all the shitty news these past 4 days.

which is why seeing coinlab sue such a trainwreck of an exchange is so laughable.

http://www.reddit.com/r/Bitcoin/comments/1dmb4e/iaal_why_the_coinlab_v_mt_gox_lawsuit_is_hohum/

[zemario]

Chewing on that wall, we all know that will be slowly eroded until it collapses. Where is the right spot to buy? The next wall if forming at 85...

[phoenix1]

everyone sold off b4 the weekend, now they wait for lower prices

this.

Yet there is still little play downwards with very low volume going on.
I bet someone bought back in at 92-93 and now is shitting himself again. Wash, rinse, repeat.

Also everyone's fiat is still in the exchanges.
Expect rally on Sunday morning and subsequent dumps in few hours.
It will be a slaughtering game. The lucky ones will get more fiat for next round. Others will bleed. Wash, rinse, repeat.

lol
I bought a small amount around there 2 hours ago and just got rid of them for a small loss ... more through boredom than fear  
Now time for some TV ...
Cash is safe for another day

[Piper67]

Chewing on that wall, we all know that will be slowly eroded until it collapses. Where is the right spot to buy? The next wall if forming at 85...

It's not where, but when. Wherever the price is at around 8 PM Eastern time on Monday... that's the price to buy at.

[nagnagnag2]

ratio: 92.03 USD/BTC | ask: 91.48998 bid: 91.48801

The ratio for USD now over the ask price!