bitcoinBull (OP)
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June 04, 2012, 06:42:31 AM |
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The wall at $5.3 is withering away (was equal in size to the bid wall. now half).  |
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zby
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June 04, 2012, 07:09:06 AM
Last edit: June 04, 2012, 08:46:17 AM by zby |
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The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down. I personally don't expect much down move - but it is now correction time.
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bitcoinBull (OP)
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June 04, 2012, 08:42:59 AM |
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The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down. I personally expect much down move - but it is now correction time.
Thanks for clearing that up; I wasn't watching closely enough. Bid wall doubled then. I agree with you; it is time for a correction. An upward correction, before resuming the long-term upward mega-trend! |
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Technomage
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June 04, 2012, 09:17:42 AM |
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It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.
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bitcoinBull (OP)
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June 04, 2012, 10:09:14 AM |
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It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.
The bear trap would be if we test $5.0-$5.1 one last time before gapping back up. But as of now, it looks like $5.5 is going to get squeezed sooner rather than later. |
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bitcoinBull (OP)
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June 04, 2012, 12:47:22 PM |
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That was quicker than expected  bid wall now three times the size of the asks.  |
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proudhon
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June 04, 2012, 02:04:32 PM |
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That was quicker than expected bid wall now three times the size of the asks. When things look like this on the depth chart I get suspicious of an impending dump. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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pcexpress4less
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June 04, 2012, 03:07:21 PM |
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That was quicker than expected bid wall now three times the size of the asks. When things look like this on the depth chart I get suspicious of an impending dump. Someone Just did. |
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cloon
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June 04, 2012, 03:14:13 PM |
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was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated
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Mushoz
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June 04, 2012, 03:19:07 PM |
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was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated
It was a 13k sell into the smaller bidwall. The huge bidwall got pulled. Edit: And the askwall got a lot smaller. |
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cloon
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June 04, 2012, 03:30:29 PM |
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yes now the 10k bid wall at 5.30 is equivalent to the 10k at 5.17
im not pessimistic right now...
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proudhon
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June 04, 2012, 03:33:31 PM |
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That was quicker than expected bid wall now three times the size of the asks. When things look like this on the depth chart I get suspicious of an impending dump. Someone Just did. <pats self on back> |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SkRRJyTC
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June 04, 2012, 03:36:27 PM |
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You are patting your self for predicting a dump that didnt move the price... Good job?
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cloon
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June 04, 2012, 03:42:29 PM |
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looks like the bidwall's gone too...
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proudhon
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June 04, 2012, 03:56:09 PM |
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You are patting your self for predicting a dump that didnt move the price... Good job?
A journey of a thousand miles begins with a single step. Or something like that. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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bitcoinBull (OP)
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June 04, 2012, 04:06:21 PM |
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was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated
It was a 13k sell into the smaller bidwall. The huge bidwall got pulled. Edit: And the askwall got a lot smaller. Accumulators be accumulatin'... |
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phelix
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June 04, 2012, 05:44:11 PM |
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the wall is a lie
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adamstgBit
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June 04, 2012, 06:20:23 PM |
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the wall is a lie
maybe the lack of walls is the lie  |
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bitcoinBull (OP)
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June 04, 2012, 06:27:55 PM |
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I scoff at your 'walls'...
The walls set the price. |
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