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

[fitty]

Anyone see a buy order get a piece of one of these ephemeral walls?

A little. It takes someone dropping a fair chunk of cash to catch it. It gets pulled pretty quick.

Pretty crazy that someone can dump 10k coins in 15 seconds and the market is back where it was in a few hours.

[el_rlee]

Finally. Some coins move for "1337" amounts!

[tHash]

Wow.   Unreal people can be manipulated so easily.   5k ask wall and 1k bid wall put up at same time.   1k was sold into and then the 5k was pulled.   Does not seem to be a coincidence . . .

[Jaroslaw]

Haha really suckers are now in deep shit

[Zangelbert Bingledack]

Reading this thread:

OMG shit's getting dicey


Check Bitcoinity:

Huh? Nothing's changed. Price moves are completely boring.


However, I will say that the lack of the usual mid-week rally seems short-term bearish, especially if the price doesn't shoot up in the next hours.

For perspective, though, we are still quite a ways above the 2013 exponential trendline, which now sits at $100. It will take another five weeks before that line reaches $200, so there's nothing alarming about meandering around the current price point or even dipping to $100 - or even temporarily a little lower if there's a good excuse (news/crisis).

Wake me up if we leave the $100-$150 range.

[Jaroslaw]

5 minutes lag ? when its done we will be under 100$ i promiss you

[wonkytonky]

5 minutes lag ? when its done we will be under 100$ i primiss you

on clark moody there's a bot going wild..

spamming this rubish

09:12:03 > Add bid 0 @ 132.40025
09:12:03 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:03 > Add bid 0 @ 132.40025
09:12:03 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:03 > Add bid 0 @ 132.40025
09:12:03 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:03 > Add bid 0 @ 132.40025
09:12:02 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:02 > Add bid 0 @ 132.40025
09:12:02 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:02 > Add bid 0 @ 132.40025
09:12:02 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:02 > Add bid 0 @ 132.40025
09:12:02 > Current trend: 0.00000 USD, Volume:0.0001 BTC
09:12:02 > Add bid 0 @ 132.40025
09:12:02 > Curr

[Zangelbert Bingledack]

Yeah, lag can happen. It's an X-factor (news/crisis). Hopefully Gox has it under control this time.

EDIT: Lag now 8 minutes

On the plus side, this may be a good opportunity to see whether hands have gotten stronger since the last wave of DDoS attacks. We'll learn if people have really become less panicky, and whether Gox has gotten better at handling it and communicating about it.

EDIT2: Lag back down to 3 minutes, price holding pretty steady so far at $132-ish.

EDIT3: Lag is gone, price is steady. So far.

[arepo]

5 minutes lag ? when its done we will be under 100$ i primiss you

on clark moody there's a bot going wild..

looks like an intentional DDoS attack. spam-selling smallest units possible at a decent rate.

[Jaroslaw]

Down we go haha

[arepo]

5 minutes lag ? when its done we will be under 100$ i primiss you

on clark moody there's a bot going wild..

looks like an intentional DDoS attack. spam-selling smallest units possible at a decent rate.

almost 10 minutes of lag now... im not sure if people are panicking or if this attack is single-handedly taking gox down...

[gizmoh]

Guess its panic time.. 9min lag and increasing.Sell first at a good price!!!

[giszmo]

Damn! I was just about to go to bed! Grrrrr Bitcoin!

[arepo]

wat

[Zangelbert Bingledack]

Back to normal? No lag, no price change. Confidence-inspiring - if it lasts.

[Jaroslaw]

They must learn that not only lag makes pannic, they must add some selling too

[Jaroslaw]

boom 130$ is gone. sell if you can.

[arepo]

boom 130$ is gone. sell if you can.

we'll likely test $120 in the next 6 hours. bulls, pray that it holds -- because we're in for a rare bitcoin bear market otherwise...

[rpietila]

Oh you people of little faith! About 1.5 million bitcoins (of the 11 million existing) are in the speculative weak hands. We owners of the larger stash, are busy preying on your smaller stash, and constantly buying more and more of it. Currently bitcoins are hardly even getting distributed in a serious way, since I and the likes of me can still easily live in luxury + earn more bitcoins doing it.

This is mathematically impossible to continue. Bitcoin price will rise

I can write you puts at $115 if you like. I am able to write for BTC500 at the moment. The price will be decided on by case basis. Preferably just one counterparty thank you.

[arepo]

Oh you people of little faith! About 1.5 million bitcoins (of the 11 million existing) are in the speculative weak hands. We owners of the larger stash, are busy preying on your smaller stash, and constantly buying more and more of it. Currently bitcoins are hardly even getting distributed in a serious way, since I and the likes of me can still easily live in luxury + earn more bitcoins doing it.

This is mathematically impossible to continue. Bitcoin price will rise

I can write you puts at $115 if you like. I am able to write for BTC500 at the moment. The price will be decided on by case basis. Preferably just one counterparty thank you.

this means bullish for the long-term, which i can agree with. unfortunately we are severely short-term overbought, are in the midst of a minibear, and are encroaching on an extremely important mid-term support. if you really want the market to do what you want, take your cash and put a wall at $120, else we'll possibly crash right through later today.