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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649152 times)
Piper67
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March 15, 2013, 08:42:27 PM
 #13681

We're starting to see people selling amounts of 400-600 BTC at various places in the area beneath the ask walls now around 47.25 and up.

The walls remain unchaged though.

Edit - typed wrong price !


Price seems to begin to move.... down.

Meh, just one or two weak-handed bears trying to "scare".  As many before them, they will most likely be forced to eat their own dump.

Just remember that in this stage, the one that gives the first hit wins... im looking at bears hitting right now. I hope your papabull appear shortly.


Who cares? BTC goes up, BTC goes down... you only lose if you're a trader who thinks he can win. For those of us in it for the long haul, there's no losing, really.

Then why you are so interested in the Wall Movement Tracker thread then?

I'm interested in everything...
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mccorvic
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March 15, 2013, 08:44:53 PM
 #13682

Then why you are so interested in the Wall Movement Tracker thread then?

What I've learned over the last few months is that bulls are excited for bitcoin and always want it to go up.  We're confident and enjoy the experience.  

Bears, on the other hand, think of it as some sort of sporting event and have irrationally decided to stake a claim for their "team" and will make up as many BS excuses, charts, and one-liners to support their position as possible.  They don't think the price should be lower, but they want to price to go lower just so they can brag about it.

I don't understand bears.

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thefiniteidea
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March 15, 2013, 09:04:03 PM
 #13683

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

samson
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March 15, 2013, 09:07:27 PM
 #13684

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

I'm the same right now.

Of course once I make a purchase I'll want it to go up as high as possible.
mccorvic
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March 15, 2013, 09:12:44 PM
 #13685

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.

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solex
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March 15, 2013, 09:13:13 PM
 #13686

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

I'm the same right now.

Of course once I make a purchase I'll want it to go up as high as possible.

like this:
https://bitcointalk.org/index.php?topic=85687.msg1595225#msg1595225

byronbb
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March 15, 2013, 09:13:26 PM
 #13687

Im not saying it wont go up, it really could keep going up. But man, that weekly chart is scary...

As scary as when we hit $15

I repeat: just because things went up, does not mean things go down. Remember that or learn through losing.

I repeat: just because things went up DOWN, does not mean things go down UP. Remember that or learn through losing WINNING.

Its simple to go on opposite thinking.

Just the simple fact that the BB line puts 0 as a possibility is scary... i dont know for you, but most people would freak out if they see that.

Actually you would think one would go to himself "my chart says bitcoin might collapse to zero, does that make any sense AT ALL?". Then he might have a moment where he realizes his charts are useless.

thoughtfan
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March 15, 2013, 09:14:14 PM
 #13688

An experienced trader who knows how price usually moves would just put his bid at $30 and wait.

Yes, the guy who put the huge bid in at $30 probably knows his stuff so I just copied him and put my own in at around 31.

I hope you're not serious about that!  Maybe you're having us on but if there are others out there who think that by copying (and therefore by definition following) the actions or your interpretations of the tactics of those with lots of money will make you a profit please think again!  It is possible to trade profitably and it is not all luck and there are strategies that work often enough to profit but copying someone else who you assume to know what he's doing simply by the amount of money invested ain't one of them!

If you understand that little then I'd suggest staying out or just buying and holding then enjoying the entertainment of watching the action without sweating what to do and when and whether it was the right decision.  That's what I'm doing Smiley

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Chalkbot
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March 15, 2013, 09:28:25 PM
 #13689

An experienced trader who knows how price usually moves would just put his bid at $30 and wait.

Yes, the guy who put the huge bid in at $30 probably knows his stuff so I just copied him and put my own in at around 31.

I hope you're not serious about that!  Maybe you're having us on but if there are others out there who think that by copying (and therefore by definition following) the actions or your interpretations of the tactics of those with lots of money will make you a profit please think again!  It is possible to trade profitably and it is not all luck and there are strategies that work often enough to profit but copying someone else who you assume to know what he's doing simply by the amount of money invested ain't one of them!

If you understand that little then I'd suggest staying out or just buying and holding then enjoying the entertainment of watching the action without sweating what to do and when and whether it was the right decision.  That's what I'm doing Smiley

Says the guy with a huge bid at $30....
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March 15, 2013, 09:45:03 PM
 #13690

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

I'm the same right now.

Of course once I make a purchase I'll want it to go up as high as possible.

Separate in your head what you want from what you actually think will happen.  You may become a better trader.  And you are a bull/bear based on your projections not your desires... you both sound like bulls to me.  Bulls who are hoping for a little downward knife cut.
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March 15, 2013, 10:04:31 PM
 #13691



I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
chriswilmer
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March 15, 2013, 10:11:17 PM
 #13692



I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)

Yes, I second this.
mccorvic
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March 15, 2013, 10:13:58 PM
 #13693



We're in some real uncharted territory here, and it's a bit confusing.

One part of me wants to say that all these bids are just fuel for the next rocket, but why isn't that rocket moving at all yet?

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thefiniteidea
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March 15, 2013, 10:28:55 PM
 #13694

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.

Actual self-portrait:


I didn't think anyone would ever notice.

robocoin
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March 15, 2013, 10:45:05 PM
 #13695

Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.

Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.

Actual self-portrait:


I didn't think anyone would ever notice.

rofl

We're going down!
Question is for how long. A month? One week? I don't care. To me the current situation is more enjoyable with fiat on Mount Gox.
Spaceman_Spiff
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March 15, 2013, 10:58:32 PM
 #13696



I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)

Yes, I second this.

At the moment it is 8.3 M bid and 5.1 M ask, but of course I don't have the historic data
robocoin
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March 15, 2013, 10:59:06 PM
 #13697

 Cheesy I know which costume I have to wear^^ At least on thing in my communication that made sense.

robocoin
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March 15, 2013, 11:12:17 PM
 #13698






Some violin plots of the order book history would contain more information. I don't have the data or else I would try.

I'd like to see this plot.
Maybe this?: https://bitcointalk.org/index.php?topic=88054
tripper22
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March 15, 2013, 11:44:54 PM
 #13699



Mr Bullz. Tear down this wall! Tongue

prof7bit
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March 15, 2013, 11:57:49 PM
 #13700



I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)

This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD.

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