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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.9%)
Early 2020 - 34 (21.7%)
Late 2020 - 47 (29.9%)
Early 2021 - 14 (8.9%)
Late 2021 - 25 (15.9%)
2022 - 4 (2.5%)
2023 - 0 (0%)
2024 - 4 (2.5%)
After 2024 - 3 (1.9%)
Never - 12 (7.6%)
Total Voters: 157

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21430283 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. (129 posts by 23 users deleted.)
wonkytonky
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iota the future


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May 10, 2013, 08:00:07 AM
 #6741


people buying this amount are thinking longer term..  them expect the price to go up in the future. so it's a bullish indicator ... unless it's lended money(and would be a stupid move to make right now).. then it will come down again if price doesn't move up much Smiley
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May 10, 2013, 08:02:06 AM
 #6742


people buying this amount are thinking longer term..  them expect the price to go up in the future. so it's a bullish indicator ... unless it's lended money(and would be a stupid move to make right now).. then it will come down again if price doesn't move up much Smiley

one trader being long term bullish does not mean the market can move through the current resistance in the short term
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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May 10, 2013, 08:02:12 AM
 #6743

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May 10, 2013, 08:03:38 AM
 #6744

This is called market making and is very healthy/quite useful. From what I hear, mature markets all have this type of behavior in very large volumes.

For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.

For Bitcoin I agree it's a good thing. I personally prefer volatility, bloodshed, panic, despair, exuberance and then of course exhaustion. I guess the roller coaster has to slow down at some point, at least for awhile. Wink
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May 10, 2013, 08:07:15 AM
 #6745

This is called market making and is very healthy/quite useful. From what I hear, mature markets all have this type of behavior in very large volumes.

For bitcoin, it allows entities like bitpay, coinbase, etc to operate with limited slippage.

For Bitcoin I agree it's a good thing. I personally prefer volatility, bloodshed, panic, despair, exuberance and then of course exhaustion. I guess the roller coaster has to slow down at some point, at least for awhile. Wink

Just wait... any market makers that have too tight a clamp on the market will get washed out as soon as we break out decisively.
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May 10, 2013, 08:11:45 AM
 #6746

I return to my uneternal slumber...

where will we be when the sun rises? More nowhere perhaps. I'm expecting the downtrend to continue though.
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May 10, 2013, 08:12:03 AM
 #6747


Very interesting post - it describes my position perfectly.  After a week of buying selling several times a day, I've been left on the sidelines waiting for movement before jumping back in.

How long would you expect this "stability" to last?  

I have a feeling there are a lot of people waiting.

$103-$104 will scare a few people into selling, others might sell into the drop hoping to push it even lower letting them get back in. It should shake up the ask resistance at a minimum.

$118-$119 will lure some people in who are hungry for a rally. It also causes some asks to pull the order, wait to see how far the mini rally goes, then sell.

But we're talking a lot of coins down, a lot of fiat up. Those ask/bids are extremely staggered. You can watch them jostle for position trying to get in front to be the first bid buying or the first ask selling. It's actually pretty funny watching them shift around. Which leads me to believe there's not many fake walls on either side at least in the 5% up/down range.

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May 10, 2013, 08:16:06 AM
 #6748

There will be a bloodshed very soon, and I see bears in a world of pain.

Good luck to the ones shorting with 4:1 leverage Cheesy

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May 10, 2013, 08:20:35 AM
 #6749



Moses could walk trough that.
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May 10, 2013, 08:26:16 AM
 #6750

There will be a bloodshed very soon, and I see bears in a world of pain.

Good luck to the ones shorting with 4:1 leverage Cheesy

The bids are pushing forward, much newer orders.

Median order date for the asks <= 122 is Wed, May 8th 15:18:25 GMT.
Median order date for the bids >= 102 is Thu, May 9th 01:42:53 GMT.

That means half the asks from 114-122 were made before Wed, May 8th 15:18:25 GMT. That close to the edge, that's a lot of orders that are in no hurry to sell and haven't changed for days.
The bids are much more recent and pilling up faster. When it gets pushed, it's likely to be pushed up. How far depends on how many people join in.
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May 10, 2013, 08:26:32 AM
 #6751

Wow, props to Rampion on that timing
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May 10, 2013, 08:27:17 AM
 #6752

500k of Bitcoins to start your day. Someone was hungry. And we barely moved. Tongue
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May 10, 2013, 08:27:41 AM
 #6753

Wow, props to Rampion on that timing

This is only the beginning.
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May 10, 2013, 08:30:17 AM
 #6754

500k of Bitcoins to start your day. Someone was hungry. And we barely moved. Tongue

But someone removed ~5k from 115.

Edit: 500k?
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May 10, 2013, 08:30:35 AM
 #6755

Wow, props to Rampion on that timing

This is only the beginning.

Goooo Bulls!

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May 10, 2013, 08:31:20 AM
 #6756

false breakout?
hope not ...  Roll Eyes
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May 10, 2013, 08:31:53 AM
 #6757

500k of Bitcoins to start your day. Someone was hungry. And we barely moved. Tongue

But someone removed ~5k from 115.

Yup looks a lot better. 1.2M to 20, 10k coins. Should be able to slowly move up, that last wall at 120 is a big chunk of it.
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May 10, 2013, 08:33:47 AM
 #6758

Gentlemen, we are going up.  Grin
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May 10, 2013, 08:34:11 AM
 #6759

Gentlemen, we are going up.  Grin

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May 10, 2013, 08:34:31 AM
 #6760

Bring it on!
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