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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811501 times)
Missionary
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April 05, 2013, 08:40:21 AM
 #18481

So why the rally London time? Hitting $139.8 again...

This is about the time most transfers to SEPA accounts are verified, at least that is my limited experience.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
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Jaques
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April 05, 2013, 08:49:17 AM
 #18482

So why the rally London time? Hitting $139.8 again...

This is about the time most transfers to SEPA accounts are verified, at least that is my limited experience.

jupp, bitcoin-24 seems quite busy this morning ...
Zangelbert Bingledack
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April 05, 2013, 09:06:30 AM
 #18483

Looks like the old familiar battering ram pattern that happened below the former ATH, $50, and $100.

It's gotta knock a few times at the "door," which for some reason always seems to be at [psychologically significant price - about 6%], before busting through. Remember $47? Remember $94?
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April 05, 2013, 09:09:44 AM
 #18484

No one has mentioned it's the last day of the tax year here in the UK. Big holders may be selling to maximise capital gains tax allowance. Let's see if buyers regain control tomorrow.
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April 05, 2013, 09:17:22 AM
Last edit: April 05, 2013, 10:29:54 AM by Jaques
 #18485

No one has mentioned it's the last day of the tax year here in the UK. Big holders may be selling to maximise capital gains tax allowance. Let's see if buyers regain control tomorrow.

tax? lol
GB? been there only once

but yes, that may influence somewhat, altought i doubt it would be much ...
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April 05, 2013, 10:42:55 AM
 #18486

The concept "sucker rally" was invented for those placing bets on the bounce back in 1926. That name was of course first used after black Thursday three years later.

I'm joining the church of Adam from here on!

In bitcoin, we have what we call "sucker crashes"

LOL, that's was a god one. I guess that we both have placed our bets on this one! If Im wrong, good for Bitcoin, if I'm right I can still buy a small island like this one:

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQHoJNbLlgh1_BdclkMrhQJR61b70XEgzj1WJh0qii8kF3h04pP

Guess I was totally wrong yesterday! Please tag my profile pic with a "Idiot market analyzer" tag. Germans are really picking up on Bitcoin on a scale I didn't imagine possible. Still this is high return, high risk times!
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April 05, 2013, 11:26:23 AM
 #18487

bitstamp - 141.25

way to go (up)

Hai
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April 05, 2013, 11:51:13 AM
 #18488

Bids at ATH over 11M


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April 05, 2013, 11:57:07 AM
 #18489

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

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humanitee
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April 05, 2013, 12:03:23 PM
 #18490

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

I would like to be on record saying fuck everyone who has been yelling sell. Bunch of manipulating assholes.

Even hazek had the lamest thread on Reddit yesterday saying that it was going down because asks are going up. Asks are going down. They are being increased beyond $150 which means absolutely nothing.

If everyone panics, we all lose. More importantly, Bitcoin loses.
BTC23k to $150. Yesterday it was over BTC30k. Bitcoin selling like delicious hotcakes.

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mccorvic
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April 05, 2013, 12:05:26 PM
 #18491

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

I would like to be on record saying fuck everyone who has been yelling sell. Bunch of manipulating assholes.

Even hazek had the lamest thread on Reddit yesterday saying that it was going down because asks are going up. Asks are going down. They are being increased beyond $150 which means absolutely nothing.

If everyone panics, we all lose. More importantly, Bitcoin loses.
BTC23k to $150. Yesterday it was over BTC30k. Bitcoin selling like delicious hotcakes.

Preach it brother!

There's absolutely zero (0) reason to think bitcoin is going anywhere but up.

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April 05, 2013, 12:34:10 PM
 #18492

Bids at ATH over 11M

Yup.  It's climbing quite fast.  Asks are within the range they have been for the last 3 weeks as well.  This rocket is so nicely fueled it ain't even funny.

This is actually healthy.  A little consolidation is good.  It gives people time to adjust to the new high price.  Yea if their were no asks then the price would go up, but it takes time for the people who want to sell at this price to make that market signal.  

Up or down?  I don't know.  I'm only sure that liquidity is increasing.  That is healthy and should not be feared.

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April 05, 2013, 12:36:45 PM
Last edit: April 05, 2013, 12:55:09 PM by Zangelbert Bingledack
 #18493

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple quadruple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.
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April 05, 2013, 12:39:34 PM
 #18494

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

yeah i'm with you on that, quite happy for some consolidation now before we push higher


price needs to let off some steam
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April 05, 2013, 12:42:42 PM
 #18495

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?
chrsjrcj
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April 05, 2013, 12:43:11 PM
 #18496

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

mBTC I suppose.  Cheesy
seleme
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April 05, 2013, 12:44:37 PM
 #18497

Gox is most idiotic market ever... they bloody log me off each 20 minutes and I bought numerous times when I wanted to sell because of this. I am on sell tab for some time, these f****rs log me off and I instinctively click the button thinking I'm scheduling a sale order.

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SkRRJyTC
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April 05, 2013, 12:52:53 PM
 #18498

Gox is most idiotic market ever... they bloody log me off each 20 minutes and I bought numerous times when I wanted to sell because of this. I am on sell tab for some time, these f****rs log me off and I instinctively click the button thinking I'm scheduling a sale order.

Move your funds elsewhere.
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April 05, 2013, 12:54:02 PM
 #18499

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

Bitdimes Wink

Yeah I meant quadruple digits.
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April 05, 2013, 12:58:41 PM
 #18500

I think people are just trying to cool the rally. It literally would harm Bitcoin for the price to rise at this speed (weekly doubling) for much longer, because by the time we hit $10,000 (next month!) all sorts of shit is going to start breaking and the ensuing chaos will break even more stuff, then giant crash. I don't think this will happen, but that's because I don't think we will go up at this insane pace for much longer without big pulbacks.

Coinbase is already toast, and Gox will likely be soon. The infrastructure needs a little time to adapt.

That said, a run to triple digits this month wouldn't alarm me much. But if the pace didn't slow after that I'd be worried.

what currency are you talking about?

Bitdimes Wink

Yeah I meant quadruple digits.

Quadruple digits would make me a very very happy man  Smiley, and I guess I am not the only one here  Grin .
I wonder if we would go that far this bull run though...
I am still bullish for the coming weeks. 2 months from now: not so much.
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