Wall Observer - MtGoxUSD wall movement tracker

[Zangelbert Bingledack]

Given the shape of the chart now, I'd be a little surprised if $50 holds. We might have to go back down as far below the exponential trendline as we did above it. We got to 4x the trend (4 x 65 = $260), so we *might* need to capitulate at 1/4x the trend (65/4 = $16.25). That's the lowest I can conceive us going, barring bad news. $30 seems more plausible, and $50 may even hold.

In any case, exponential growth will resume, counting from $70. If we go all the way down to the teens it might take several months to recover from the technical damage, though.

[Geddi]

Three big dumps at 6:09 6:39 and 7:07

Let's see what happens at 7:37 

[just1nmc]

I'm just wondering who's going to be willing to sell coins at these prices.

BTC21k for $50, BTC65k for $40, BTC116k for $30...

Of course bids can be pulled. Guess we'll be seeing soon.

[ManBearPig]

Just can't believe the validity of these walls.

How much of 20K at $50 are funded Bids?

[just1nmc]

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

[Crazy]

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

[ManBearPig]

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

I don't think you're 100% wrong. My headgear is also becoming increasingly reflective...

[ManBearPig]

[zarl]

I'm also curious about those huge buys from $150 up to $250. We saw people buying thousands of coins at those prices.

Makes me wonder if they sold during the crash, or are planning to buy more at the bottom.

That was the Fed, just pumping the price so they could orchestrate the fireworks. Not too shabby of an investment if you ask me. First they did a job on Bitcoin, now they're doing it on gold and silver. [/tinfoil]

100%  and they will keep on.. fucking this up forever
But there is money to be made on it.. until they start mess with exchanges bank acounts.
I wouldent be supriced if people one day not can withdraw anything

[ManBearPig]

Maybe LulzSec orchestrated a DDoS on the atomic integrity of gold - take that US Government!

Ahem, sorry.

[Ares]

I believe this is a necessary and inevitable cleansing.

Before this recent climb to 266, who were the ones with 4 figure amounts of coins? Largely, "weak hands". Now, I just witnessed multiple 4-figure btc sell-offs, and asked myself, who is buying? The answer: serious investors (yes, there are a lot who are just selling and buying back lower, but for the other cases...). Billionaire Kevin O'Leary, for example, was on the media the other day saying he was looking to invest 1%+ into bitcoin. He is not alone.

I believe we are witnessing the shift from the scared to the strong which had to happen sooner or later and "shook out the weak hands".

You can't say the fundamentals haven't significantly improved since the last bubble.

I bet it holds at $50

  my quote from another thread

[just1nmc]

Big buys going on in the $50s. Have to admit, it's an attract price considering how fast the crash has been.

I don't think we'll see much support build up at higher prices though.

[keewee]

[kingcrimson]

I believe this is a necessary and inevitable cleansing.

Before this recent climb to 266, who were the ones with 4 figure amounts of coins? Largely, "weak hands". Now, I just witnessed multiple 4-figure btc sell-offs, and asked myself, who is buying? The answer: serious investors (yes, there are a lot who are just selling and buying back lower, but for the other cases...). Billionaire Kevin O'Leary, for example, was on the media the other day saying he was looking to invest 1%+ into bitcoin. He is not alone.

I believe we are witnessing the shift from the scared to the strong which had to happen sooner or later and "shook out the weak hands".

You can't say the fundamentals haven't significantly improved since the last bubble.

I bet it holds at $50

  my quote from another thread

disagree, I would bet the vast majority of sellers are just trying to buy back in cheaper, creating a mountain of a snowball effect. In fact I bet this entire crash started with that in mind.

[arklan]

looking like we hit bottom at 50.01 on gox. rebound is holding steady with exponential average at 57 ish.

[adamstgBit]

its 4:00am people from the other side of the world are waking up to CHEEP ASS bitcoin, and i'm going to be a mess tomorrow at work!  bitcoin....

so who took out loans at 120$ / BTC and is now in DEEP shit?
its to bad it had to end this way.

[just1nmc]

If anyone wants some positive news from today:

http://thenextweb.com/insider/2013/04/16/okcupid-partners-with-coinbase-to-become-the-latest-web-service-to-support-bitcoin/

7 million users, not bad 

[ManBearPig]

You do have to ask yourself, what entry point does the big money wait for? $50? Lower?

And is a 25% (edit) upswing in an hour stabilised?

Answers on a postcard please, first one drawn from the hat wins a satoshi.

[Ente]

its 4:00am people from the other side of the world are waking up to CHEEP ASS bitcoin, and i'm going to be a mess tomorrow at work!  bitcoin....

so who took out loans at 120$ / BTC and is now in DEEP shit?
its to bad it had to end this way.

I put half of my cold-wallet coins on bitfinex.
Average buy at 92$.
Close to margin call now.

AND HOLDING!

Ente

[UKMark]

I believe it's being creamed, drawing buyers in, letting it settle, and then skimming the top - whatever was bought from those large buy walls at 50's has already been dumped on the right!