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

[icekiss]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.
(bought in 0.5$ higher than I sold 18 hours earlier, but it was definitely time for my exit strategy!  )

[samson]

new 500BTC bid wall appeared at 133.68 (well, miniwall really, but it is the weekend  )

Edit: only a 400BTC wall now, and pulled back to 133.0

Edit2: everything up to 134 just got bought up, a few hundred BTC worth of buys. New height.

Maybe it's starting early this week ?

[ShroomsKit]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

Still 2k to $135

Edit: 1k

[icekiss]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

Still 2k to $135

Edit: 1k

nope, just 1k

Edit: 

[samson]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

Still 2k to $135

Edit: 1k

105 to $135.00 now.

[ShroomsKit]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

Still 2k to $135

Edit: 1k

105 to $135.00 now.

Where are you seeing that?

I still see 1k.

[samson]

mt.gox is up to 135, volume is rising. It appears we are entering rally mode again.
bitstamp is still asleep (129.5)

Decided to buy into the walls to get in again, the spread between bitstamp and mt.gox is getting too high.

Still 2k to $135

Edit: 1k

105 to $135.00 now.

Where are you seeing that?

I still see 1k.

Clark Moody, IRC and btccharts.com

[icekiss]

Yes, it is still 1k. But if people are really waking up again, that 1k won't last long. Get your cheap coins while you still can.  

bitstamp at least is agreeing with me, and slowly but steadily rising. Waiting there will likely make buyin just more expensive.

[icekiss]

105 to $135.00 now.

Where are you seeing that?

I still see 1k.

Clark Moody, IRC and btccharts.com

I am watching bitcoinity

Edit: I think I see: You are talking about to 135, ShroomsKit and I are talking about breakthrough

[icekiss]

Alright, I am away for a few hours. mt.gox is asleep again, bitstamp constantly buying up coins.
Curious what I will see when I get back.  

I am predicting a new attempt at 135 on mt.gox shortly 

[samson]

105 to $135.00 now.

Where are you seeing that?

I still see 1k.

Clark Moody, IRC and btccharts.com

I am watching bitcoinity

Edit: I think I see: You are talking about to 135, ShroomsKit and I are talking about breakthrough

You're right I'm talking about BTC asks to $135, there's a 'mini wall' on $135. Once that 'mini wall' gets bought I suspect the price will move quickly as the asks are much thinner until $137.00

[Nikolaj06]

There we go! Right through 135 !

Hopefully we'll have a run to 140 or something and then another period where we cool off. right know we're around 2% daily growth, which is intense imo.

[ChartBuddy]

[phorensic]

q question, is there already a definition for a "tick" for bitcoin? 0.01?

You mean a pip? 0.001?

I would say no there isn't an official definition.  Back in the Bitcoinica days he made the platform look like the 5th decimal place was a pip.  Looked just like a pro forex site.  Also, Bitcoin goes out to 8 decimal places, yet a lot of the trading engines cut off at 5.  Kinda sucks.

[dwdoc]

Memorial Day rally coming.

[bitarrow]

LibertyReserve going out of business is part of it also.  These LR users have to go somewhere. Bitcoin is the best option.

[ChartBuddy]

[wonkytonky]

very slowly nibling at the bitstamp 2k wall ..   i like

[fitty]

LibertyReserve going out of business is part of it also.  These LR users have to go somewhere. Bitcoin is the best option.

People might be pricing that into the market. But if you lost money at LR, you probably have cash flow problems, probably not going to be buying BTC this second, more likely to be selling any BTC you have. Now if you have money you'd usually send to LR but now are going to send it to Gox, that won't happen for a few days.

I don't think any of this rally is directly from people affected by LR, but I do agree we will be seeing more money flowing through BTC in the next few weeks/months because of it.

To me, this rally seems like "3 weeks of stability - okay this BTC shit might actually be legit - lets buy some coins". Mixed in with a whole bunch of Bears who waited for cheap coins, couldn't get them, have accepted the fact they need to pay more to buy back in, and have bought back in. So to me, it's bump from weeks of stability and Bears who got left behind (and maybe the 10s of millions of new VC money we got in May).

EDIT: On a side note, has anyone else ever seen a stretch this long where there are almost no fake ask walls? No walls popping up on the edge, no big walls getting pulled right before the bulls arrive, the last 3 weeks pretty much every big wall has been eaten. I can't even remember the last time I saw an ask wall trying to cock block a rally. Checking the old wall thread, you can't go a single page without someone mentioning a fake wall moving around. This thread? Maybe every 10 pages it gets a mention.

[Kazu]

I had money in LR

Fortunately I had exchanged the vast majority of my funds to Bitcoin. There was probably like 50-100 bucks hanging around in there, though.