Wall Observer - MtGoxUSD wall movement tracker

[mccorvic]

Must be dump o'clock somewhere.

This is a normal phase of the recovery where the bears see it's almost back up to normal and go like, "I think this is a great time to dump."  It's completely idiotic, but I saw this with 45->38 and 69.5->60.

Oh, I have no doubt about this.  It's still just as annoying as ever though.

[1714226798]

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[1714226798]

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[1714226798]

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[The-Real-Link]

Bouncing from $85 to $88 back and forth a lot today.  I see we dipped again earlier (asleep), so yeah to hear it partly due to Gox down again isn't quite surprising.

Oh well, again it's a weekend.  We may dip a bit but I figure come next week we'll jump back up.

[mccorvic]

For a good time, check out this chart: http://bitcoincharts.com/charts/mtgoxUSD#rg180zigWeeklyztgSzm1g10zm2g25zv

I also get excited when things turn out to be even more bullish than I had realized.

[Gatekeeper]

Clark Moody working fine for me, we seem to be in the same phase as at $47, next week i think we'll go to about $120 before being pushed back down to test $100 at the end of the week, and once $100 is stable then who knows how high it will go

[thoughtfan]

For a good time, check out this chart: http://bitcoincharts.com/charts/mtgoxUSD#rg180zigWeeklyztgSzm1g10zm2g25zv

I also get excited when things turn out to be even more bullish than I had realized.

Thanks for this mccorvic.  The only thing I would change about it (making it look even more bullish) is to show the currency in USD so it looks like this:



Incidentally, that chart is particularly relevant to me because that's the timeframe over which I have been involved with Bitcoin.  I had taken a look at it a few months prior but decided (partially due to the Wired Rise & Fall article) to wait and see.  But when the first GBP doubling (since I first looked) from £4 to $8 came I decided it was time to jump on board.  Since then of course I've seen it double again to £16, then again to £32 and yesterday to £64 though it has slipped back a bit since then.  Next target: £128   (well, next target is actually the last target of £64 again )

[420]

the correct string of events is:

420 left mt gox

mt gox became almost unusable

[Cablez]

Is there an economic principle behind the observation that as price goes up the volatility increases as well?  The swings at the higher prices are just phenomenal.

[qwk]

What was the goal of that DDOS?  Was it an extortion?

Bot herders are upset that ASICs are making CPU mining unprofitable even for botnets.

Just an idea:

1. Sell your coins on MtGox
2. DDOS MtGox
3. Watch price crash
4. Buy back
5. Profit

Trading Conspiracies 101

[Piper67]

I wonder if the 20k BTC buy wall at 76.02 is the same one we saw at $50 something earlier this week.  If so, the next question is is this a really hopeful individual trying to catch another drop at the same price as the drop before it or is it some sort of trading strategy to edge up the price?

Walls don't just push, you know, they also pull. Maybe he's trying to tease a dump out of someone who would otherwise be afraid of slippage.

[thoughtfan]

Another record broken today:

Highest green volume day at $7,382,080.86 and 4th highest overall



Not bad for a day in which not much happened!

[Beta-coiner1]

Just an idea:

1. Sell your coins on MtGox
2. DDOS MtGox
3. Watch price crash
4. Buy back
5. Profit

Trading Conspiracies 101

Trade conspiracy 102

1.Same

2.Same

3.Same

4.More adopt Litecoin.....

5.Profit

[ineededausername]

Must be dump o'clock somewhere.

This is a normal phase of the recovery where the bears see it's almost back up to normal and go like, "I think this is a great time to dump."  It's completely idiotic, but I saw this with 45->38 and 69.5->60.

Oh, I have no doubt about this.  It's still just as annoying as ever though.

Annoying?  I call it "opportunity to buy"

[thoughtfan]

Is there an economic principle behind the observation that as price goes up the volatility increases as well?  The swings at the higher prices are just phenomenal.

Being neither an economic principles expert nor a statistician I am not well placed to answer this but given that nobody else has I'll just throw in my inexpert opinion/impression that the swings we're seeing aren't that much bigger as a proportionate shift than they were when the the USD/BTC price was much lower e.g. a 5% swing at $80 of $4 is much bigger than $0.40 at $8.

Also that was really not that long ago and many of us are really neither used to trading a commodity as valuable nor have we been 'settled' around any price recently long enough for people to be able to 'get a sense of' where it 'ought' to be leading to panic buys/sells when it looks like someone with more money than us thinks the price point ought to be somewhere else!

[zkay]

So where are we going tonight? Guarantee if I cash out half my holdings to buy back in lower, we won't see another drop this weekend. Still, it tempts me.

Thoughts?

[Gatekeeper]

nice 10k wall for the bulls

[Zomdifros]

nice 10k wall for the bulls

Add another 5k to that. Impressive, skyrocketing price may be ahead.

5535.0   5531.8937   90.25001
5652.5   117.4980   90.00000
5653.6   1.1138   89.78645
5663.6   9.9928   89.61500
5724.2   60.6035   89.55100
15723.8   9999.5754   89.55000

[adamstgBit]

its time.

[Zomdifros]

its time.

Indeed, this bid wall could bring us over 95.

[Zomdifros]

$92.30 now. New ATH imminent.

[StevenPine]

http://imgur.com/ZJmH3uN