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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404762 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Newbie1022
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July 11, 2014, 06:26:50 PM

Some clouds have appeared over the launch pad. Sorry everyone, rocket launch has been delayed by mission control.

Yea... what the hell is going on. The Chinese sell wall got moved from 3860 to 3855 and a small dip ensued. Suddenly, the sell wall got removed altogether and there is nothing really impeding a step upwards. But it is so goofy as to make you wonder.
hyphymikey
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July 11, 2014, 06:28:28 PM

The manipulator's walls aren't creating panic, and he isn't pushing the price down to buy, because there is very little buying going on. If they are profit taking, why not remove those ask walls, let the price rise then dump for better profit? So I'm going to go out on a limb and say its an idiot kid who mined 10s of thousands of btc on his gaming computer in 2011, is bored since school is out for the summer, and he is the only one laughing as he keeps the bubble from commencing. I say this because no smart person would still be putting up sell walls for no benefit.
edwardspitz
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July 11, 2014, 06:31:05 PM

wont go up so fast. Ask walls are too high.

Dont compare this time with 1 year ago where mtgox BOTS worked with millions of self-created $$.

No doubt it took quite an effort to get us down to $610. It looks like it is also going to take an effort to get us up again.

Also: I think/hope that what we are seeing right now is someone is putting in that effort Smiley
DavidHume
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July 11, 2014, 06:33:36 PM

The manipulator's walls aren't creating panic, and he isn't pushing the price down to buy, because there is very little buying going on. If they are profit taking, why not remove those ask walls, let the price rise then dump for better profit? So I'm going to go out on a limb and say its an idiot kid who mined 10s of thousands of btc on his gaming computer in 2011, is bored since school is out for the summer, and he is the only one laughing as he keeps the bubble from commencing. I say this because no smart person would still be putting up sell walls for no benefit.

Two possible scenarios:
1) Obvious sell wall is usually put there to test the market. If it is lifted very quick, buying back the same amount of coin and pay a little extra premium and wait for the coin price to go up.
2) The person putting up the sell wall want to buy bitcoin below that price. If there is no buyer, he can keep lowering the sell wall to buy at cheaper price.


Or a combination of both.
JerryCurlzzz
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July 11, 2014, 06:48:32 PM

ask walls are high, but that can change in an instant. the big players are always manipulating the order books. once these bear whales have accumulated enough, the walls will likely evaporate.
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July 11, 2014, 07:00:22 PM


Explanation
Newbie1022
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July 11, 2014, 07:25:59 PM

Well, the Bulgarians are now on board. Obviously, it's moon time.
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July 11, 2014, 07:33:11 PM

wohohohohohooooooooooo
Krabby
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July 11, 2014, 07:34:13 PM

Looking good, but I like how everyone is so euphoric over a 10$ move Cheesy

Also, tear down that final wall!
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July 11, 2014, 07:40:34 PM

Are the walls getting eaten or pulled?
EuroTrash
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July 11, 2014, 07:41:58 PM

Looking good, but I like how everyone is so euphoric over a 10$ move Cheesy

Also, tear down that final wall!

Repressed bulls have taken so much shite falling on their heads last months. Even a little sudden uptrend has now the same effect on their morale as the news of a paid holiday day would do to a Chinese worker in an iPhone factory.
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July 11, 2014, 07:46:13 PM

Looking good, but I like how everyone is so euphoric over a 10$ move Cheesy

Also, tear down that final wall!

Repressed bulls have taken so much shite falling on their heads last months. Even a little sudden uptrend has now the same effect on their morale as the news of a paid holiday day would do to a Chinese worker in an iPhone factory.
Yep.  I remember back not long ago when we were above $700.  Now that seems like eons ago... and so out of reach atm.
Krabby
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July 11, 2014, 07:47:35 PM

Are the walls getting eaten or pulled?

This one is getting heavily chewed into.
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July 11, 2014, 07:53:08 PM

Bitcoin, you big tease...
BitAddict
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July 11, 2014, 07:58:37 PM

Are the walls getting eaten or pulled?

This one is getting heavily chewed into.

NOM NOM NOM

WillyBTC
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July 11, 2014, 07:59:55 PM

Looking good, but I like how everyone is so euphoric over a 10$ move Cheesy

Also, tear down that final wall!

This time, we broke trends that had rejected any up movement many times:

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July 11, 2014, 08:00:07 PM

Are the walls getting eaten or pulled?
ChartBuddy
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July 11, 2014, 08:00:23 PM


Explanation
johnwest
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July 11, 2014, 08:12:07 PM


It's crossed 630 now, may be we will touch again 650 mark after that bull run start.
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July 11, 2014, 08:16:15 PM


It's crossed 630 now, may be we will touch again 650 mark after that bull run start.

we've got that big 666 resistance zone to deal with too.
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