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

[Awhut]

Any of the big Bitcoin businesses would be interested in stability, including of course MtGox.

Why now? Gox has been taking $ hand over fist during these last few days and I didn't see any mystery walls then.

There's also a number of people who have 50k-300k coins who probably have cashed out 1-5M. If I owned that many coins, I'd keep a nice chunk of cash on MtGox to prop up Bitcoin as needed.

If I owned that many coins I would use them to manipulate the market and turn them into more coins while BTC is still in the triple and (possibly) double digits. This is the time for the whales to turn huge profits into really huge profits. Once BTC hits the thousands it will not be so easy. That's when the market really needs propping up.

The interesting thing is, the coin dumps have stopped. No one has sold a huge chunk of coins. No one wants to cash out anymore? More evidence the coin dumps are to move the market down, not to take profit.

Or they're simply waiting for the price to go up to take bigger profits. Look, we're going to test 120. Let's see what happens...

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[Frozenlock]

[TheKoziTwo]

[keewee]

My gut is telling me that it is not someone new, just the same old BS on a different day.  See you guys on the low side of 90. 

I think the wall owner got impatient. The bids weren't appearing in front of it fast enough so he gave it a little nudge. I agree with you in principle but I don't think we'll go that low when the dump finally arrives

[Cablez]

Lag is on its way up..........price coming down?

EDIT: NVM its gone again.

[Frozenlock]

Stop it, the price is not coming down. 

[DougTanner]

I can't believe it's still going up, and bid sum has almost recovered.

[Cablez]

Well you can all thank me for this event if it does turn around.  Can you guess where I sold, lol?  I AM THE CONTRARIAN!!!

[Frozenlock]

Well, seems the triangle is complete. Up we go?

Edit: I can drawz too!

Triangle magic! Chazaaaam! 

[fitty]

[BitPirate]

Quite a nice shallow upward slope these last few days. All very sensible and nice. I hope the bears stocked up this time -- eventually there will be no going back for more.

[vesper39]

Made a nice +30btc this time, after losing -10btc when it crashed down to 50's.

[Awhut]

Well I was wrong. We broke 120 before breaking 105.

This was clearly however cuz of godzillia but all is good.

When I have money on the line I seem to be wrong about 80%of the time. But when I don't I'm right 80% of the time.

Greed must really mess with my head.

The bears aren't extinct yet. I'm not convinced we don't dip again until 125.

[Richy_T]

It is definitely not one person, but I am certain the vast majority is one person
(If the White, rather than Grey sum number on ClarkMoody denotes multiple sources, which I am 99.9% certain it does - as the $110 sum is white, rather than grey)

I'm not sure but I think the depth data might possibly show separate orders as separate entities.

[Awhut]

I agree it is hard to say what exactly is happening with the wall but manipulation fits occam's razor for me.

MANIPULATION?! On Bitcoin?! You must be crazy!  

[Awhut]

wall gone

[Richy_T]

This is the entry at 110:
{"price":110,"amount":15071.34118868,"price_int":"11000000","amount_int":"1507134118868","stamp":"1367807143242382"}

I'm not sure what the stamp is but as this is the only 110 entry, I'm thinking that this is probably an amalgamation of several orders. (I thought that that there was a stamp probably meant that there was one entry per order but I now think that's not the case).

[ineededausername]

There's actually a lot more depth above $90 than before (50k BTC out of 0 a few days ago).  We're fine.

[Richy_T]

I was just thinking it was time to track down that launch picture directory...

[dexX7]

This is the entry at 110:
{"price":110,"amount":15071.34118868,"price_int":"11000000","amount_int":"1507134118868","stamp":"1367807143242382"}

I'm not sure what the stamp is but as this is the only 110 entry, I'm thinking that this is probably an amalgamation of several orders. (I thought that that there was a stamp probably meant that there was one entry per order but I now think that's not the case).

And now...  

{"price":110,"amount":419.25607783,"price_int":"11000000","amount_int":"41925607783","stamp":"1367811304391121"}

Stamp is date and time in unix time with with microsecond precision of the last change.