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

[N12]

Arbitrage channels from MtGox are finally opening up. Now that MtGox can no longer serve to distort this market, we can all imagine what's about to unfold.

[N12]

There's no question that 2-3 months of inability to withdraw from MtGox have had an impact on market forces.

Panic is the strongest of emotions.

[Wekkel]

I still think 125 is the top here, mid-term. I can see a small bounce at 100-105 support before staying sub-100 (Gox) for a while. I think 88-89, maybe 78-80 will be where I try to catch a bounce, but it's too early to tell. (I also think that there is a good chance we'll revisit sub-65 levels eventually.)

I think the same, but this market just won't fall down easily. After all, it's Bitcoin we're talking about 
So contrary to my feeling, I'm already long 

[JimboToronto]

Meanwhile, Virtex hit 105, up from 89 less than 3 days ago.

Looks like all the great arbitrage opportunities are closing up.

[ShroomsKit]

I wish someone would buy that 125 wall. So tired of seeing it.

[ChartBuddy]

[lebing]

Gox stable and Bitstamp rising, it looks like arbitrage is working

▲ mtgoxUSD   120.7000   108.097   +11.659%   595952
▲ bitstampUSD   109.6100   98.044   +11.797%   305108

expect dumping soon ?

Nah.  Expecting Bitstamp to catch right up to Gox prior to 140.

Coinbase will help lift it right up

Nice find! Not expecting to see that

[JimboToronto]

I wish someone would buy that 125 wall. So tired of seeing it.

Should have done that 2 days ago when it was only 300 coins away.

It'll take a concerted bull whale attack, like last weekend, to bite through it now.

Meanwhile, the bull whales are resting, letting the plankton grow.

[FNG]

Nice find! Not expecting to see that

Yup. If you monitor Reddit you can see that coinbase is getting a huge influx of users with all of the complaints

Bitstamp swinging up as well

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[spooderman]

zzzzzzz

[xxjs]

zzzzzzz

While you sleep, the dollar coins collect dust in a vault somewhere, the dollar bills fade, and the gold coins rust (oops that was in another empire sometimes somewhere).

[ChartBuddy]

[Jozzaboy]

C'mon guys, we almost had 6 Chartbuddies in a row.

New 1d and the candle is green. About to challenge the 119 wall that has been pushing us down.

[Cablez]

If you base trading decisions on past trends then now is a good entry point and tomorrow could be to late.

[Jozzaboy]

If you base trading decisions on past trends then now is a good entry point and tomorrow could be to late.

I've been in since all in since 70 but thanks. I'm just looking at slightly decreased profit