Wall Observer - MtGoxUSD wall movement tracker - Softcore Lounge

[lebing]

dare I say 100 by the morning?!

Bam.

[humanitee]

dare I say 100 by the morning?!

Bam.

w00t!

Let's take it a little easier this time.

[justusranvier]

Let's take it a little easier this time.

From all the panic buying going on right now, I'm not sure we're going to take it any easier at all this time around.

[dani]

It's getting bumpy.

think i need to requote this.

103$ @mtgox, going for more. Nice ride 

[NamelessOne]

Let's take it a little easier this time.

From all the panic buying going on right now, I'm not sure we're going to take it any easier at all this time around.

I wouldn't count out any kind of downwards correction after this though. Permabears will be screaming victory shouts of a dead cat bounce and bulltrap from the moment it starts right till the moment it starts climbing again. Ha. Unless of course they are right and it falls. But it certainly isn't looking like that will be the case.

[just1nmc]

Looks like someone is trying to take advantage of the lag

[Brushan]

Now you are witnessing the cashing out of all the newbs buying at 100+. I knew they would choose to sell at 100 to minimize losses. After this we're going straight up to at least 120.

[molecular]

dare I say 100 by the morning?!

Bam.

fucking hell!! already?

[randrace]

Rats, I missed that dip to $112.

[fitty]

Rats, I missed that dip to $112.

Yeah anyone someone coin dumps driving the price down, that's a great time to buy back in. Which is why this rally recovers so quickly. There's no panic sellers left, just day traders looking to get back in. 

[ManBearPig]

Must say I'm impressed. This is a kick in the teeth for the perma-bears and detractors.

Profit-taking seems to be moderate - too much of a risk of missing out on the continued rise.

A bottom of 5x the value from the start of the year - not quite zero eh?!

[randrace]

[ManBearPig]

$111 - great price to buy. Looking quite oversold in the short-term.

[dohse]

$111 - great price to buy. Looking quite oversold in the short-term.

After being froze out in a USD position by BitFloor I've been reduced to placing orders on coinbase and trying to predict the market over the next five days. Obviously my purchase points have risen over the last few days, including a small buy of 10 at $129 this morning. I ain't even mad about that one, I have a feeling that we will be above $129 in five days. Since this is the softcore lounge my analysis is based on nothing but that feeling.

It's hard not to buy more in the 1-teens, but I'm still trying to pace myself and do a bit of dollar coast averaging until my verification at various exchanges clears.

[WikileaksDude]

$111 - great price to buy. Looking quite oversold in the short-term.

After being froze out in a USD position by BitFloor I've been reduced to placing orders on coinbase and trying to predict the market over the next five days. Obviously my purchase points have risen over the last few days, including a small buy of 10 at $129 this morning. I ain't even mad about that one, I have a feeling that we will be above $129 in five days. Since this is the softcore lounge my analysis is based on nothing but that feeling.

It's hard not to buy more in the 1-teens, but I'm still trying to pace myself and do a bit of dollar coast averaging until my verification at various exchanges clears.

Use campbx

[dohse]

Use campbx

They are actually one of the ones I'm going with, just waiting for the Dwolla deposits to go through.

[ManBearPig]

$111 - great price to buy. Looking quite oversold in the short-term.

After being froze out in a USD position by BitFloor I've been reduced to placing orders on coinbase and trying to predict the market over the next five days. Obviously my purchase points have risen over the last few days, including a small buy of 10 at $129 this morning. I ain't even mad about that one, I have a feeling that we will be above $129 in five days. Since this is the softcore lounge my analysis is based on nothing but that feeling.

It's hard not to buy more in the 1-teens, but I'm still trying to pace myself and do a bit of dollar coast averaging until my verification at various exchanges clears.

Use campbx

I just noticed them - have you used them to make a withdrawal to the UK?

[lebing]

http://www.youtube.com/watch?v=EmfE4KAZicY

[WikileaksDude]

$111 - great price to buy. Looking quite oversold in the short-term.

After being froze out in a USD position by BitFloor I've been reduced to placing orders on coinbase and trying to predict the market over the next five days. Obviously my purchase points have risen over the last few days, including a small buy of 10 at $129 this morning. I ain't even mad about that one, I have a feeling that we will be above $129 in five days. Since this is the softcore lounge my analysis is based on nothing but that feeling.

It's hard not to buy more in the 1-teens, but I'm still trying to pace myself and do a bit of dollar coast averaging until my verification at various exchanges clears.

Use campbx

I just noticed them - have you used them to make a withdrawal to the UK?

They are only US based.

[molecular]

just listening to brother john fs newest bitcoin report (http://www.youtube.com/watch?v=cFhsNUV-zjU)

he's quite bullish and explains bitcoin doesn't look like a crashed bear market. After explaining how "resistance" technical indicator works, he says:

...and it's blue skies ahead, that's why you see the price racing they way it is. When you look at the overhead resistance we really don't have that much. We have people from back in here [points to graph, pre-high around $135] to up here [points to all-time-high] that are sitting at a loss still. But the volume at which they got in is not nearly as much as the volume we've already overcome [shows post-ath selloff area below $135 with high volume].

This does not look to me like a crash. A crashed market, as Jessie Livermore once said who's the father of all technical trading, when you have a bear market and you have the dead bodies or a dead cat bounce, in a true bear market, these dead bodies have to stay down for a long time to make sure they're really dead. That's what you have in a true bear market... it just goes down and then it stays down for a looooong time.

I must say everywhere I look are bullish signs. The technical bear-talk I just read in lucif thread doesn't impress me much.