Looks like the 13.5 bid wall is holding up. But for how long?

[Oldminer]

[GeniuSxBoY]

what site is that oldtimer?

[Oldminer]

what site is that oldtimer?

http://bitcoinity.org

[Bit_Happy]

The wall is gone.  The price just dropped below 13.5.  There's no support until $13.10, and no significant support above $12.90. 

Bounce back to 13.49/13.50 could go to ~13.60, and then back down...

[Bit_Happy]

I missed that , here is the current one now:
{"ticker":{"high":13.79991,"low":13.39999,"avg":13.639978648,"vwap":13.57906008,"vol":25791,"last":13.5,"buy":13.5,"sell":13.50047}}

[GeniuSxBoY]

Thank you oldminer.

[Edward50]

What the heck happened? Does those charts show that someone actually sold bitcoin into that bidwall?

[JoelKatz]

People who think it's going to drop to 13.0 might sell at 13.5.

[grod]

Looks like bid wall moved to $13.  Massive amount of ask walls up.  Yeah, someone is working very hard to get the prices down this weekend.

http://bitcoincharts.com/charts/mtgoxUSD#rg5zvztgMzbgBzm1g10zm2g25zi2gMFI says it's not time to go back in.  Not by a long shot.  Money is still flowing OUT, and has been the entire time this thing was utterly flatlined.  When the trend reverses there may be quite a bit of pent-up demand and we could rocket up -- or not, if this was someone expertly manipulating bid walls to cash out on the ask side the whole time.  Only time and charts will tell.

Mined 2 coins to sell again, but going to risk the Monday/Tuesday effect to sell them.  Yeah, I'm ignoring technicals for pure faith-based speculation.  That never ends well in the real world -- but then again, it's only $3 or so considering my first buy target is tenatively $12 anyway.

[Nagle]

Looks like bid wall moved to $13.  Massive amount of ask walls up.  Yeah, someone is working very hard to get the prices down this weekend.

It looks more like there's a fixed amount of cash available to the buy side over the weekend, and that cash supply is slowly being used up as routine liquidation of Bitcoins take place. This slowly drives the price down. There's little sign of manipulation.

[Oldminer]

What the heck happened? Does those charts show that someone actually sold bitcoin into that bidwall?

Well I think the wall @ $13.50 varied from 8-9K BTC's...you can see there that buy took that wall out and everything above it in one hit..

[Bit_Happy]

Wow:

{"ticker":{"high":13.79991,"low":13.12454,"avg":13.611147658,"vwap":13.564531064,"vol":24066,"last":13.12454,"buy":13.13372,"sell":13.1991}}

[GeniuSxBoY]

I'm loving this.

[Oldminer]

I'm loving this.

Same. I love cheap Bitcoins.

[Oldminer]

RALLY!

[error]

[Oldminer]

lol..indeed...

Hey, it went from $13.40 to $13.42 but I had no support.. 

[Oldminer]

I think we might be going to $12..

How nice would it be picking up BTC's for $12..lol...happy days 

[proudhon]

I think we might be going to $12..

How nice would it be picking up BTC's for $12..lol...happy days 

Depends on whether they ever go above $12 again after that.

[Oldminer]

I see blood all over the charts...this could knock down the $12 wall...