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

[BitPirate]

OK, so I see a bid of say 110.7

Then, someone steps in a places a bid at 111.7

Not, 110.70001...NO! It must be 111.7...a full $ higher.

So, who's trying to push the price up? Why? And for how long?

It's called panic buying.

[auto2nr1]

This is exciting!

[Wagner2014]

OK, so I see a bid of say 110.7

Then, someone steps in a places a bid at 111.7

Not, 110.70001...NO! It must be 111.7...a full $ higher.

So, who's trying to push the price up? Why? And for how long?

It's called panic buying.

It's either bozos or manipulators.

[derpinheimer]

OK, so I see a bid of say 110.7

Then, someone steps in a places a bid at 111.7

Not, 110.70001...NO! It must be 111.7...a full $ higher.

So, who's trying to push the price up? Why? And for how long?

It's called panic buying.

It's either bozos or manipulators.

This much is true. If its a big wall, its manipulation or panic.

If its small guys, its stupidity. [If you are buying 4 coins, you will spend what - a dollar more for market order rather than offering the lowest likely to be filled bid? And since someone like that picks something pennies away from the lowest asks, they save much less than a dollar, while still risking the potential for a whale buy. Stupid. 

[ChartBuddy]

[Richy_T]

The news of the government gearing up for a match with Bitcoin is short-term bullish as it brings it to more peoples' attention. People starting to buy in early before the rush.

[inbox]

-----BEGIN PGP SIGNED MESSAGE-----

I'd like forewarn everyone that in about 5 days an article will be published that is likely to generate a lot of buzz around Silk Road and attract new people to the site.  New information about me, the site and many things will be discussed and I have no doubt that it will produce some controversy.  I will be available to answer your questions here on the forums, and hopefully we'll have a fruitful discussion.

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Message from DPR, posted 4 days ago.
http://www.reddit.com/r/SilkRoad/comments/1k27az/new_message_from_dpr_publicity_forewarning/

[ChartBuddy]

[hyphymikey]

Knocking on $114. Shit just got real.

[NamelessOne]

Knocking on $114. Shit just got real.

Hell yeah, look away from the computer for 10 minutes and all kinds of fun happens. Goodbye 110-112 resistance.

[ChartBuddy]

[Ares]

[Tzupy]

Maybe a third sub-sub-wave will hit 110, but I doubt it will eat the wall.
Anyway, it's 3.30 am and I have to go to sleep, so I'll miss the action (if any).

nom nom nom

Bummer! Why does this happen while I'm asleep, again? Can't stay awake 24h / day...
I placed my sell order just below 110, thinking that would be the peak for yesterday.
Oh well, what goes up comes down, eventually.

[ChartBuddy]

[S3052]

Maybe a third sub-sub-wave will hit 110, but I doubt it will eat the wall.
Anyway, it's 3.30 am and I have to go to sleep, so I'll miss the action (if any).

nom nom nom

Bummer! Why does this happen while I'm asleep, again? Can't stay awake 24h / day...
I placed my sell order just below 110, thinking that would be the peak for yesterday.
Oh well, what goes up comes down, eventually.

it has been quite painful in the past to try to pick any bitcoin charts tops...
It's a long term bitbullmarket

[Tzupy]

Yes, that's telling me we should hit 110 very soon, it would be ridiculous to miss 110 from here.
But the momentum from the push and the eating of the wall at 110 should translate into
a second stage that rises up to 113 - 114 IMO.

As you can see from a previous post of mine, I was correct about the top, but I had to sell at the top
while I was asleep so I chose a 'safe' strategy. What I'm seriously reconsidering is my sleep strategy,
maybe I should go to bed earlier and wake up before 6 am (my local time).

[ChartBuddy]

[FNG]

More big buys going off. Bids lining up as well. Will bitstamp ever cross $100?  Gox hit $114

[capsqrl]

115 just fell! At long last.

[Tzupy]

115 is unsustainable IMO. The correct price right now is about 113. I think a 'harvest' may come soon.

PS. The 115 level appears almost sustainable for now.