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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26486236 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. (174 posts by 3 users with 9 merit deleted.)
Awhut
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May 07, 2013, 03:29:25 PM
 #5421

so go compare with daily volumes of the last 90 days and tell me something more about roofs again please ... Wink


edit: added a "s" for plural of roof

What you want 70k from the 266 drop? Obviously I am not predicting that kind of movement... At any rate we will see. I'll be happy to be wrong and I'll be happy to be right. I'm win-win at this point.
SilentSonicBoom
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May 07, 2013, 03:29:28 PM
 #5422


Love the thread. Expect a retest of $79 low from May 3rd. Do not expect a breach of this level. If so (a breach), a quick drop of $20 would be expected with a severe upside bounce after that.

blackreplica
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May 07, 2013, 03:29:43 PM
 #5423

That guy putting up and pulling those walls is a tard. The more he changes his mind the less credible it becomes. I hope some guy puts in a massive buy order at 110 and eats it up. Will be a great lol for me
Nikolaj06
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May 07, 2013, 03:29:52 PM
 #5424

Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..
DougTanner
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May 07, 2013, 03:30:38 PM
 #5425

Triangle closing soon, up or down?

ronaldlee0917
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May 07, 2013, 03:31:31 PM
 #5426

Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..
Yet it is somewhat effective..
SilentSonicBoom
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May 07, 2013, 03:31:43 PM
 #5427

Triangle closing soon, up or down?



Down.
blackreplica
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May 07, 2013, 03:32:05 PM
 #5428

Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..
Yet it is somewhat effective..

Only till someone buys it up
ElectricMucus
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May 07, 2013, 03:32:16 PM
 #5429

Nice bear pennant!
ronaldlee0917
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May 07, 2013, 03:33:20 PM
 #5430

Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..
Yet it is somewhat effective..

Only till someone buys it up
Yes, people got to learn his tricks
Coinseeker
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May 07, 2013, 03:33:36 PM
 #5431

You're going to see a run up to 110 in just a few minutes. 

The problem is someone with 5-7k in coins is doing his best to prevent that. Fake or not, they work. Given the coin dumps, the aggressive bid walls, the market response was fairly bullish.

True and I'm still learning to read these charts.  Was putting positive into the universe.   Grin  
fitty
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May 07, 2013, 03:33:55 PM
 #5432

Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get..

Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.

While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.  Grin
Jaques
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May 07, 2013, 03:34:00 PM
 #5433

so go compare with daily volumes of the last 90 days and tell me something more about roofs again please ... Wink


edit: added a "s" for plural of roof

What you want 70k from the 266 drop? Obviously I am not predicting that kind of movement... At any rate we will see. I'll be happy to be wrong and I'll be happy to be right. I'm win-win at this point.

how ever ...

average daily volume last 30 days @MtGox was 177,988.730148 BTC
roof was higher

source: http://bitcoincharts.com/markets/mtgoxUSD.html
ShroomsKit
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May 07, 2013, 03:34:11 PM
 #5434

This lag is so getting on my fucking nerves. Fix your shit Mt.Gox  Sad

max 50 sec as far as i saw ... not to bad

Not too bad? It's completely unacceptable.
Awhut
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May 07, 2013, 03:36:42 PM
 #5435

Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.

While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.  Grin

IMO the whales are the market. What percentage of traded BTC do you think they own?
SilentSonicBoom
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May 07, 2013, 03:38:48 PM
 #5436

And down we go.
Jaques
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May 07, 2013, 03:39:12 PM
 #5437

This lag is so getting on my fucking nerves. Fix your shit Mt.Gox  Sad

max 50 sec as far as i saw ... not to bad

Not too bad? It's completely unacceptable.

not in serious/professional markets, your are absolutely right
but hey, this is bitcoin!, this is MtGox!
what do you expect?

based on earlier experience every lag below 1 minute is a low lag Wink
didn't you know before entering the market?
fitty
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May 07, 2013, 03:45:52 PM
 #5438

Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.

While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.  Grin

IMO the whales are the market. What percentage of traded BTC do you think they own?

I agree.

If you take out market buys of 50k or more and market sells of 500 or more of BTC, the market is extremely stable. It's the big dumps/buys that move the market, then it just chills. Sadly there's money to be made pumping/dumping which is where almost all of the volatility comes from.

I'd say 80% of the BTC/USD on Gox is owned by 40 people.
rpietila
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May 07, 2013, 03:47:03 PM
 #5439


Thank you for all the coins. Rpietila has bought 2,500,000mBTC, left the trading desk, and will join the guests in his conference.
Jaques
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May 07, 2013, 03:48:10 PM
 #5440

no more double digits?  Huh
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