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

[fitty]

I think it's an extremely low volume, it's possible that we are overreacting.

You don't say? Bitcoin overreaching?

I'm just saying completely the same volume as 30-days ago on BTCChina

China is big. Bitcoin wants to be big. Get on the rocket to the moon or be left behind with the other bears!

http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/

So, if China is a big fan of digital currency why did they banned their own Q-coin?

Not enough supernodes.

[1714863386]

1714863386

[arepo]

So now almost everyone is a bear? Investor cycle says we are going up then. 

ok wake me up when we going up bro.

awake yet?

we've reached a short-term bottom.

I bought in at 97 So much for that whole Elliot wave thing... Grrrrr

why you sad

pretty soon people will be all like "damn i KNEW i should've bought under 100"

i'm sick and tired of taking abuse, but no praise. i hope you TA-naysayers who wrote off my analysis because it was 'obvious' that we were going straight to $50 buy at the top of this minibull.

[seleme]

You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it.

Hail The King, The Master Of Market Analysis

[SAQ]

China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.

Yup, I knew those bid wallers at 90 knew something I didn't. The download yesterday went from 1000 to 10,000 to 20,000 today.

[420]

You guys need to keep in mind that rpietila is the same guy who didn't know how to prove he had bitcoins other than sending them to some random noob troll and then asking for it back. LOL

 

before bitcoin there was no smoothie.
as long as there's been bitcoin smoothie's been an expert, never a noob

we get it smoothie

[fitty]

Bulls: Chargeeeee! Doh.

[needmorecoins]

These walls/hills won't let me sleep....

[AmazonStuff]

Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

[SAQ]

Lol massive dump could barely get it down to 110. Weak I think considering we moved from 95 to 115 in such a short time.

[Coinbuck @ BTCLot]

The market is overreacting. It would take days till we see any impact in the market (even if we would).

[SAQ]

Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I think a lot of people moved their bids from 70/80 to 90-100

[Jaroslaw]

Looks like bulls fails one more.

[Frozenlock]

The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.

[Coinbuck @ BTCLot]

The market is overreacting. It would take days till we see any impact in the market (even if we would).

We were already going up before any news.

Actually no.

https://bitcointalk.org/index.php?topic=194844.msg2023673#msg2023673

After this the price went up about ~6$

[Its About Sharing]

China skeptics, take another look at the Bitcoin client downloads:

http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-05-04

China wasn't that much above US a few hours ago. Now it's about 20x US for the whole day.

That is a bit scary. It had to be that 30 minute CCTV spot.

Now, a few of those people are probably going to be buying BTC's in the near future. In a way, it could be like the Cypress event, in that sudden buying pressure may come...

Great news,
IAS

[Frozenlock]

Actually yes. Creeping up since the huge volume at $80. EMAs crossed at around $96.

News appeared here at around $100-$102.

[micalith]

Let's put TA aside and think about yesterdays jump from $78  to $90 in a few seconds, then someone put a 10 000 wall on $90. I was thinking why would someone put that wall there at that moment when he can buy coins at lower price?!

Hmm... You will hate me for saying this, but probably he realized that we are going deeper under ground and he has a lot unsold coins, so he pushed the BTC up, then he will sell the coins at higher price and after that he will let the price go down.

It's possible that it's the same person who put those $104 and $120 walls, probably majority of his coins is in that range.

And what is he going to do when he sell us his coins?

Probably he will remove the walls and give us a few downward pushes, it's profitable for him sitting on fiat at that moment.

I have no idea, but would have thought that this ostensibly lame downturn might be a tactic to make sure enough people sell in anticipation of a fall, so that there's more people ready to buy his coins after he drops the price significantly?

[420]

Gox down kinda sorta. half ass

[needmorecoins]

Gox down

Seems to work for me still.

[underground_]

Gox down kinda sorta. half ass

It's been down for me, too.