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

[lucas.sev]

I missed an opportunity: should have let the whale hit me at 101.2, but who knew where it would stop?
And who knew there would be someone willing to buy 700+ BTC at 104 $ after that?
Anyway, I believe that once the small rebound loses steam and the downtrend continues, the whale will
proceed with another dump, because he doesn't want someone else to harvest 'his' buy orders.

So did you buy at 101.2 now?

[oda.krell]

chance #2 to re-test 100. not going to break right now though. bit later, perhaps

[Tzupy]

I missed an opportunity: should have let the whale hit me at 101.2, but who knew where it would stop?
And who knew there would be someone willing to buy 700+ BTC at 104 $ after that?
Anyway, I believe that once the small rebound loses steam and the downtrend continues, the whale will
proceed with another dump, because he doesn't want someone else to harvest 'his' buy orders.

So did you buy at 101.2 now?

NO, buying at 101.2 now would have been too risky IMO, we are going down, as far as I can tell.
No idiot will put now another large buy order at 104.

[lucas.sev]

I missed an opportunity: should have let the whale hit me at 101.2, but who knew where it would stop?
And who knew there would be someone willing to buy 700+ BTC at 104 $ after that?
Anyway, I believe that once the small rebound loses steam and the downtrend continues, the whale will
proceed with another dump, because he doesn't want someone else to harvest 'his' buy orders.

So did you buy at 101.2 now?

NO, buying at 101.2 now would have been too risky IMO, we are going down, as far as I can tell.
No idiot will put now another large buy order at 104.

well there was a guy a two months ago who put a 10k order that took the price from 95 to 110.

[ChartBuddy]

[gandhibt]

I did insert my username and password correctly, but I did not get into my account. Then it said "You're blocked for 24 hours, too many attempts". I did write to support, what else can I do than just wait for 24 h and try to again recover my password or if they reply to my message? I have OTP so I don't think possible hacker can withdraw my money, but I can't trade myself either and I did though that I would buy and now I can't...

My dollars are still stuck in gox. I can't login and they have not yet fixed the problem. They said there have not been any transactions so my dollars are "safe" but I can't trade... so if the trend starts to go up I will lose money.

Problem is that my ip is blocked because of too many attemps to login. They can reset it, but that's useless because login still does not accept my username & password. And if I try to recover my password, I cant because my ip is blocked. That block they can't reset instantly, but their development team is doing the best they can (nice bs). They have said that the problem is in their end so my attempted password is correct.

I have been bombing them with messages, but after four days they still haven't fixed this problem... These kind of problems are not the ones you should be facing when dealing with the biggest BTC exchange.

Can't you just go to another internet connection - public wifi - to prove or disprove the ip block excuse?

Yeah, have to try that next. I go to near library to test this. Luckily the trend is down so I'm not going to buy now =)

[Tzupy]

well there was a guy a two months ago who put a 10k order that took the price from 95 to 110.

Hmm, I think it's more complicated. IMO the whale who dumped today stopped buying at 98, and 98 might be his bottom for now.
But if he started buying at 78, then you do the math...

[Richy_T]

Large gaps arent a big deal. Its the small ones that make a potentially useful chart useless.

Cant it try to poll a set again, if the first one failed, a few seconds later?

Possibly. It depends on whether it failed after a long timeout possibly.

What is it about the missing point that make the chart useless to you? There may be other options depending on what that is.

[Tzupy]

Yeah, have to try that next. I go to near library to test this. Luckily the trend is down so I'm not going to buy now =)

You should be grateful to MtGox staff for their incompetence, they helped you avoid a loss. 

[Walsoraj]

Move along, nothing to worry about. Thursday is crashday. Always has been. This is normal. We will hit $180 within a week. patience = virtue.

[Loozik]

I hate ChartBuddy. The graph is ugly and not very useful. Please, stop.

Yes, CB's charts look confusing.

Adam, how about at least rotating the graph? This way CB pictures would be consistent with the logic of charting softwares use (price on vertical axis, time on horizontal axis).

[adamstgBit]

I hate ChartBuddy. The graph is ugly and not very useful. Please, stop.

Yes, CB's charts look confusing.

Adam, how about at least rotating the graph? This way CB pictures would be consistent with the logic of charting softwares use (price on vertical axis, time on horizontal axis).

no,

CB is fine, ignore him if you don't like him
I find it useful to look at depth and he paints a good picture...

[Richy_T]

I hate ChartBuddy. The graph is ugly and not very useful. Please, stop.

Yes, CB's charts look confusing.

Adam, how about at least rotating the graph? This way CB pictures would be consistent with the logic of charting softwares use (price on vertical axis, time on horizontal axis).

It basically uses the format for regular depth charts and extends the historical data into the distance. There's no real reason it couldn't do it that way though.

[adamstgBit]

everytime i do any analyst these days i always come to the same conclusion : " Its not getting much cheaper,  BUY!!!!!!!!!!!!!!! "


The volume on the drop is good, I like it...

its nothing like the volume we saw on the crash from 266, but mtgox was more like 80% of the market back then, so much has happened in so little time.

[ChartBuddy]

[oda.krell]

Aaaaah, the eternal chartbuddy discussion on the wall thread....

You know what, I vote to *keep* CB just so that the *discussion* about CB never goes away ^__^

(but seriously, it's the same deal each time, the same arguments on all sides, but in the end it runs down to: there's a group of people who like CB, and there are those who don't. those who like him *need* the posts, while those who don't want him can 'ignore' him, which is a nearly perfect way to solve the problem. conclusion: following a utilitarian approach, we keep CB)

[zoinky]

Double digit weekend dip?

[spooderman]

Chartbuddy only wants to be our friend. I say we let him.

[adamstgBit]

Wednesday, August 22, 2013
$124

You do not believe we will touch 99?

hmmm,

its a good possibility,

if we don't break below 100 today, i'd say the mid term looks crazy bullish.
if we do break 100 today, mid term will still be bullish


this dump is what the market had been waiting for, the more coins we can get here the better, soon we will climb a little higher ( spike to 120 stable 110 ) and wait for more dumbass bears to sell coins.

[hd060053]

the question is: which whale should buy at mtgox now ? if he wants to buy 5k BTC, buying on bitstamp would be much cheaper. So i think mtgox can only fall now.

The trend will be broken, when the first whale buys on bitstamp and equals the price!