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Author Topic: RALLY!  (Read 37931 times)
Spekulatius
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September 12, 2011, 12:41:34 AM
 #161

LECK MICH AM ARSCH!!! Did u see what just happened to the big f****ing sell-walls on mtgoxlive? Nearly vanished till 7.00$!!!
RRAALLLLYY!!!

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Technomage
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September 18, 2011, 09:04:41 PM
 #162

Time to resurrect this baby. We are on RALLY mode! It might turn out to be a mini-rally but it's refreshing to see some action after a few days of nothing.

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randomguy7
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September 18, 2011, 09:06:08 PM
 #163

yeah, BUY BUY BUY lol
ineededausername
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September 18, 2011, 09:07:26 PM
 #164

It's moving really quickly too!  4c/s

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ArsenShnurkov
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September 18, 2011, 09:12:20 PM
 #165

It's moving really quickly too!  4c/s

Any news ?
ineededausername
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September 18, 2011, 09:17:02 PM
 #166

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not.  I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

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Technomage
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September 18, 2011, 09:21:23 PM
 #167

There was a bidwall of 15000 coins at 5.3 just a few minutes ago. It was removed quickly. Most of the single massive walls are fake, multiple medium sized walls is usually more reliable. The current wall looks very fake to me but I guess we'll see.

I'm not super bullish yet but getting there. Adjusted my buy-orders a bit higher, this move deserves that much. The market is confirming what I've thought recently, that the downtrend is over. Not calling an uptrend yet but the bubble has certainly deflated at this point.

We will probably be on the "neutral" zone for a while now and slowly recover to a new uptrend, which could be a fast one or a slow one.

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johnj
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September 18, 2011, 09:21:30 PM
 #168

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not.  I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

It's the manipulator, come to save us all!

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NamelessOne
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September 18, 2011, 09:24:47 PM
 #169

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not.  I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

It's the manipulator, come to save us all!

YES! I love the manipulator! Save us! Keep up the good work!
arsenische
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September 18, 2011, 09:25:08 PM
 #170

Most of the single massive walls are fake, multiple medium sized walls is usually more reliable.

I think those walls are made by bots, and they the bots can create big walls as easy as dozens of small ones. We see what they want us to see, so don't pay much attention to bids & asks Smiley

wobber
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September 18, 2011, 09:26:15 PM
 #171

How he can save us? Isn't this bad for bitcoin?

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Hawkix
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September 18, 2011, 09:26:39 PM
 #172

The wall is down.

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wobber
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September 18, 2011, 09:27:35 PM
 #173

Wow! I don't realize what happens. Can please someone explain?

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arsenische
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September 18, 2011, 09:29:13 PM
 #174

Wow! I don't realize what happens. Can please someone explain?

just usual market volatility, which may move the price to 100$/btc or 0.01$/btc... equal chances Smiley

Technomage
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September 18, 2011, 09:30:30 PM
 #175

I think those walls are made by bots, and they the bots can create big walls as easy as dozens of small ones. We see what they want us to see, so don't pay much attention to bids & asks Smiley
This is true, but it's always more likely that there are legit walls when there are more of them. But especially these type of situations where walls suddenly manifest near the current price, it's 99% bots.

What I'd be looking at is what happens to the walls at around $4, $4.7 etc. When those start moving, then a big rally is close. I'm expecting those walls to move a bit higher any day, because it's starting to look unlikely that the price will go below $4 in the current situation.

We'll see. Interesting to see when this mini-rally stops and where the price settles after that. Is $4.8 still the line or not?

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wobber
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September 18, 2011, 09:31:09 PM
 #176

Wow! I don't realize what happens. Can please someone explain?

just usual market volatility, which may move the price to 100$/btc or 0.01$/btc... equal chances Smiley

For 2 days volatility was less than 50c.

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arsenische
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September 18, 2011, 09:32:11 PM
 #177

Wow! I don't realize what happens. Can please someone explain?

just usual market volatility, which may move the price to 100$/btc or 0.01$/btc... equal chances Smiley

For 2 days volatility was less than 50c.

oh.. this tiny volatility or about ~10% for 2 days? great achievement Smiley

piramida
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September 18, 2011, 09:34:28 PM
 #178


We'll see. Interesting to see when this mini-rally stops and where the price settles after that. Is $4.8 still the line or not?

I'd say we'll sit in the 5-6 for a while. Not looking like a huge breakout yet. But it's a forming tradition that Sunday is the BTC volatility day Smiley has been like that for several weeks. Some traders have nothing to do on a weekend?

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payb.tc
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September 19, 2011, 12:13:07 AM
 #179


We'll see. Interesting to see when this mini-rally stops and where the price settles after that. Is $4.8 still the line or not?

I'd say we'll sit in the 5-6 for a while. Not looking like a huge breakout yet. But it's a forming tradition that Sunday is the BTC volatility day Smiley has been like that for several weeks. Some traders have nothing to do on a weekend?

if they're coming from 'normal' fx trading then likely they're overjoyed that they can trade 7 days a week, instead of 5 days trading 2 days pacing back and forth around their house.
NamelessOne
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September 19, 2011, 07:08:30 PM
 #180

BUY BUY BUY!
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