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

[ShroomsKit]

http://blockchain.info/charts/estimated-transaction-volume?daysAverageString=7

Get real , everybody is hoarding as much as they can

http://blockchain.info/charts/n-transactions?daysAverageString=7

The number of transactions is rising, but with less volume.


Some nice work from a redditor:

nice chart

Although i don't believe in drawing lines when it comes to Bitcoin i am interested in what i'm looking at here? What does it say? What's nice about it?

My TA is limited but here's what I get from that chart. The green line shows support. On the chart, price has reversed course when approaching that line or has not crossed it. If you extrapolate (please no XKCD comic) then support should be at 130 area and we shouldn't hit 125.

edited

I see. Thanks

[Sitarow]

[ShroomsKit]

Did we just see a 2.5k sell without the price moving?

[samson]

Did we just see a 2.5k sell without the price moving?

Yes, looks like one person decided to pull out.

[damnek]

Did we just see a 2.5k sell without the price moving?

Time to get some popcorn

[Rampion]

Last time I'm feeding the troll. Coinseeker: below an example of your "super accurate" predictions. You are delusional if you really think you have been accurate.

You've been overly emotional and inconsistent in ALL your posts, spreading worthless FUD in 90% of them, let's leave apart your complete misunderstanding of BTC fundamentals.

Did you want us to dig some quotes? Ok, a quick one below:

If there's a real show of force against Gox in the US when business opens tomorrow, we'll definitely be seeing sub $100 for sure imo.

You'll see sub 100 in the next couple hours or so.  Maybe less.  Especially as people who don't sit and watch this forum or the markets get home and realize they are losing big $$$ and are caught in a firestorm.  I feel bad for those who aren't aware yet and have limit orders setup.    

Price never went sub $100. The very low caused by the sucker's panic sell after Dwolla was around $105, so $100 was not even tested. Price immediately rebounded back to $115, so those with no stop-loss orders were OK - in fact they would have been screwed if they sold at $110 (when you made your prediction) waiting for the sub $100 coins you said we would have seen soon. After that dip, we had a rally to $120 on the day after, and then to $125 two days after. We never looked back since then.

Yeah man, it's so clear that you really understood the implications and effects of the Dwolla thing, both short and mid term, I think I'm going to send you my money so you can trade for me and set those nice limit orders that will save my investment.

LOL

[Dalib]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

[samson]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

It's going to take some serious sell offs to bring the price into the mid $120's again.

I can't see it happening.

[Rampion]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

It's going to take some serious sell offs to bring the price into the mid $120's again.

I can't see it happening.

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

[Dalib]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

It's going to take some serious sell offs to bring the price into the mid $120's again.

I can't see it happening.

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

still quite hungry bulls lurking at $130 and 128

[Rampion]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

It's going to take some serious sell offs to bring the price into the mid $120's again.

I can't see it happening.

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

still quite hungry bulls lurking at $130 and 128

I just hope we see a spike in volume in the next hours. It's really getting lower and lower on Gox.

[Dalib]

Did we just see a 2.5k sell without the price moving?

Yep, someone with 2,5k btc needs more bitcoins it seems, never is enought. He would rebuy in a few hours at a loss if no more bears follow his play (i hope  )

Yes we obtained 10% for two days. On Bitstamp is still over 2K coins for about $ 130. Today probably will not break the record high.
 
But if you do not come any bad news, I doubt that we will rebuy for less than $ 128 (maybe 126).

It's going to take some serious sell offs to bring the price into the mid $120's again.

I can't see it happening.

Testing again $125 is expected (if I weren't all in ATM I would place a bid at $125.79 or similar), but I don't think we will break $125. If we don't break it, is bullish sign. If we break-it, is definitely short term bearish.

still quite hungry bulls lurking at $130 and 128

I just hope we see a spike in volume in the next hours. It's really getting lower and lower on Gox.

as if nobody wants to 132-136 now and everyone is waiting what will happen next

[ChartBuddy]

[glendall]

HRmmm is it just me or is the price dropping somewhat ?

[going to make a pot coffee..just rolled outta bed...]

edit: [5 minutes later. rubs sleep from eyes]

Ya ya I do believe this is the start of some sort of ....what do those market wizards call it... .a 'dip'.

[Rampion]

HRmmm is it just me or is the price dropping somewhat ?

[going to make a pot coffee..just rolled outta bed...]

A dip is/was expected, let's see how "deep" is the dip.

[Dalib]

131.25 - 135 in 10 minutes? It's not so boring

[ChartBuddy]

[Dargumin]

Wow it's dead here today.

[fr33d0miz3r]

Long weekend in the usa.

what's a holiday there?

[samson]

Long weekend in the usa.

what's a holiday there?

It doesn't make much sense to me. Japanese banks were open as normal today and the UK and US are on a holiday today.

So any money sent so MtGox at the end of last week would arrive at MtGox today and most people won't be working so they will be available to trade.

I'm guessing that most people don't trade when they're at work. Maybe I'm wrong.