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

[Quantum_Negatum]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

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[MickeyT2008]

Gosh I'm here just for the charts with lines. By all means keep them coming.

Me too, I appreciate everyone's insights and information on this thread, that's why I'm here.  That and the fact that you're all such fun to hang out with too of course!

[Frozenlock]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Yes. 

[cctvtech]

Gosh I'm here just for the charts with lines. By all means keep them coming.

Me too, I appreciate everyone's insights and information on this thread, that's why I'm here.  That and the fact that you're all such fun to hang out with too of course!

I'm waiting for someone to break out with the crayons

[Quantum_Negatum]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Yes. 

Elaborate, please.

[Frozenlock]

Elaborate, please.

It was a joke. No one knows.

I suppose my smiley usage was less skillful than I thought...

[Quantum_Negatum]

The support is more fragile than it appears because the bots remove the walls when things start to fall.  The resistance upwards is greater it than appears because the bots do not place buy orders until they decide to purchase.

This is basic stuff that you learn the first day after assimilation.

Resistance is futile. Give your money to the bots now and walk away, or lose more over the long haul.

[fitty]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

[Jaques]

I have updated my recent analysis (I can see why you guys have so much fun with this line drawing business)



While the tone is rather playful  , the general gist of the above chart holds some weight in my opinion

it does ... +1

[Quantum_Negatum]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

As a member of the GoxBot collective I do not need to examine this any further. We know.

[wachtwoord]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

As a member of the GoxBot collective I do not need to examine this any further. We know.

OMG Skynet!

[bangersdad]

I'm still thinking it's going to be a very very heavy sell off. I don't know man, just got this tickling feeling in my tummy.

+1

[Quantum_Negatum]

I'm still thinking it's going to be a very very heavy sell off. I don't know man, just got this tickling feeling in my tummy.

+1

Those tickles are nanoGoxBots slowly assimilating you. I look forward to our union.

[Multifarious]

Are we pretending more than 10% of the buy "support" under $100 is real?  If so, why?

Because 250k coins were purchased during the testing of $50, and another 100k coins during the recent testing of $80? And this is only the amount purchased in the few hours directly surrounding these lows.

And we are certain that the majority of those coins were not purchased by the bots who removed their walls crashing the market in the first place?

Wait, we're certain that there are bots who removed the walls and crashed the market? Lets examine that a little more first.

As a member of the GoxBot collective I do not need to examine this any further. We know.

Pics or it didn't happen.

[MickeyT2008]

It looks like things might begin to move now - I hope so as this is getting tedious

[Rampion]

Bears are loosing momentum. Bid sum creeping up, ask sum is stable ATM.

Kinda like this equilibrium. Delusional greed is coming to terms with reality, and irrational fear is being left behind. In the meantime, news on mainstream media are still positive, and much work is done in projects surrounding Bitcoin.

I'm starting to feel my inner bull tickling my buy button with his horn

[fourkey2001]

What beats everything is starting a rally with your wrong order and gaining instead of losing out of pure luck.
I admire your bot, Richie!

Push the buying...this will fall like crazy!

113 now... Nothing to push it up. BTC has lost the faith at higher prices.

We want a stable currency not a crazy one.

Let it go down and it will be stable then.

[afbitcoins]

I have updated my recent analysis (I can see why you guys have so much fun with this line drawing business)



While the tone is rather playful  , the general gist of the above chart holds some weight in my opinion

it does ... +1

Liking the chart, never thought of putting choo choo trains on my charts yet 

[cedivad]

BTW.. 320 pages of thread in 20 days?
It's a bubble!

The old one was more than one year old when it crossed 1000 pages...

Amazing!

[Richy_T]

BTC has lost the faith at higher prices.

OTOH, it has shown it can go high. Might be a race to see who can pick the top.

Personally, I think some longer-term stability would be for the best but it'll do what it will do.