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

[Kazu]

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

yes this is the bears retreating 

Not necessarily, it does increase the "difficulty" of bypassing $130. A lot of speculators are liable to get "bored" and sell their coins if we stay at this level too long potentially causing a decline in the short term.

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[seleme]

that 130 wall is not getting smaller... 10% up in last 15-20 minutes

No its not. Add the asks cumulatively from current price up to $130. It only looks bigger because people are moving their lower asks up to $130 which then requires a larger $ sum to overcome.

That's exactly what I was looking at, how many coins are needed for 130, not how exactly big is that wall itself.

Before that big sale it looked it's going to be eaten in hour or two but as much as that sell off didn't make too much influence on the price, it did slow the trend.

lol omg 15-20 minutes!! sell sell sell

Why all wannabebullandlookcool think they're funny with such comments.

[seleme]

each time it come closer to 130$ gox starts lagging

[seleme]

because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.

It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.

[Arthur Randolph]

Two bluff 1KBTCish bid walls at 129$ got called. Organic bids not ramping up much. It seems like everyone is waiting for a big buyer to show up and do all the work.

[BitPirate]

Only 6k to $130 now...

In other news, the price in China is still depressed. All the arbitrage bots will be running backwards.

[Kazu]

because saying it's not getting any smaller just because in the last 15-20 minutes it's gone up 10% is just pointless. In the last 24hrs it's gone down from around 14k btc to 8k btc. So yes it is getting smaller.

It's pointless to you only because you don't like what was written. If I'd tell you that wall went down 20% in last 15 minutes (it is indeed) you wouldn't mind it at all. And the tone you used would probably made me banned if I'd answer on it on the way I'd like to so keep it for your buddies kid, I don't give a flying one about your positions or your feelings.

So, you think this is bearish? (Just asking, no ill will intended).

[arruah]

bull wall on 120

[ManBearPig]

Decent wall at $120. I have an optimistic Bid just above it, I don't see it being filled any time soon

Same distance in BTC as to the $145 wall.

[Zomdifros]

Some bullish news: http://www.reddit.com/r/Bitcoin/comments/1cxdrr/reuters_tv_interview_with_mt_gox_in_tokyo/

Inflows: Between $5 million and $20 million / day
Outflows: $300k to $1 million / day

That means that in April between $100 million and $400 million was added to the market. When confidence is restored, the price could go ballistic once again.

[just1nmc]

Some bullish news: http://www.reddit.com/r/Bitcoin/comments/1cxdrr/reuters_tv_interview_with_mt_gox_in_tokyo/

Inflows: Between $5 million and $20 million / day
Outflows: $300k to $1 million / day

That means that in April between $100 million and $400 million was added to the market. When confidence is restored, the price could go ballistic once again.

Wow, no wonder the bid sum keeps hitting new ATHs. 23m and still rising

[wonkytonky]

aaaaaaaaandddd we are go!

[rpietila]

$115 never again, takers?


Reasoning:

I have charted the spot_price/ATH price over Jan-Mar, and I think the rally has already resumed. You can offer to bet with quite good odds that we will never cross 0.95*previous_ATH. And you win the bet with a surprisingly good probability. Chart it yourself, lol. I almost always bought at ATH during those months, since it was the least risky entry point.

The supply of people that think that we are in a bubble/denial/bear market/correction/consolidation/younameit is dwindling, and it's dwindling fast. Especially their economic share of the market is about to be crushed if they do not buy back soon.

Do you still see the people that sold out in February? Where are they? LOL, they made their $10k and are out for good. The next time they will hold bitcoins is when they receive their salary.

[smoothie]

Some bullish news: http://www.reddit.com/r/Bitcoin/comments/1cxdrr/reuters_tv_interview_with_mt_gox_in_tokyo/

Inflows: Between $5 million and $20 million / day
Outflows: $300k to $1 million / day

That means that in April between $100 million and $400 million was added to the market. When confidence is restored, the price could go ballistic once again.

very interesting. 

Okay bears now is your chance to be creative on how $5 to $20 million incoming cash into bitcoin will send the price lower.....LAWL 

[smoothie]

$115 never again, takers?


Reasoning:

I have charted the spot_price/ATH price over Jan-Mar, and I think the rally has already resumed. You can offer to bet with quite good odds that we will never cross 0.95*previous_ATH. And you win the bet with a surprisingly good probability. Chart it yourself, lol. I almost always bought at ATH during those months, since it was the least risky entry point.

The supply of people that think that we are in a bubble/denial/bear market/correction/consolidation/younameit is dwindling, and it's dwindling fast. Especially their economic share of the market is about to be crushed if they do not buy back soon.

Do you still see the people that sold out in February? Where are they? LOL, they made their $10k and are out for good. The next time they will hold bitcoins is when they receive their salary.

Any takers? 

[ManBearPig]

I've removed my Bid at $121, I have more to gain by being all-in right now. Opportunity for profit-taking when we approach $150

Been looking for a cheap entry point for 16 hours now and none has come. All the volume spikes have seen moves upwards in a slow but steady fashion.

I don't even care if I missed out on a DDoS sale, it's too much work to trade a drop right now.

Mood: bullish.

[BitcoinAshley]

These are taken from the old Wall Observer thread:
April 3:

Haven't seen Loaded around for quite some time.

April 7:

Wild week ahead...

April 9:

This is only the beginning.

April 10: Crash!
Recently:

This week is gonna be fun.

Why should I welcome you, Loaded Stormcrow?

A just question, my liege. Late is the hour in which this venture capitalist chooses to appear. "Lathspell" I name him. Ill news is an ill guest.

[smoothie]

here we go. Hey BEARS, don't buy back in okay? Not yet...

[oakpacific]

Some bullish news: http://www.reddit.com/r/Bitcoin/comments/1cxdrr/reuters_tv_interview_with_mt_gox_in_tokyo/

Inflows: Between $5 million and $20 million / day
Outflows: $300k to $1 million / day

That means that in April between $100 million and $400 million was added to the market. When confidence is restored, the price could go ballistic once again.

Wow, no wonder the bid sum keeps hitting new ATHs. 23m and still rising

No surprise here, who did you think bought 200M dollars worth of bitcoins at $50-$100?

[lunarboy]

moving up?